Coalition budget delivers $30bn in tax breaks and money for fossil fuel projects but no measures to help struggling universities or clean energy projects. Follow all the latest news and reaction to the 2021 federal budget as it happens
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12.55am BST
Labor’s Jim Chalmers and Katy Gallagher will hold a small press conference at 10am to discuss budget reaction.
The Greens will hold a similar presser at 10.40
12.43am BST
And along with the fact the international border is expected to remain closed for another year at least (a whole other year – which means stranded Australians have up to a year to wait to come home) there is also the issue of wage growth which doesn’t seem to be getting the attention it should.
For me these are the most important number out of the budget – slower wages growth than ever before, and nothing predicted over 2.5% till 2025.
Remember the RBA says wages need to grow above 3% in order to get interest rates to rise https://t.co/6HBeBZMKqM pic.twitter.com/qLZ7es4Dw4
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