Government’s cost of living measures target ‘households and businesses’

Assistant Trade Minister Tim Ayres says the Albanese government’s cost of living measures target “households and businesses”.

Australia’s inflation rate rose from 3.6 per cent to 4 per cent in May.

Markets are now predicting a 67 per cent chance of a rate hike in August.

“The cost of living measures that the government has in the budget are there targeted for households and businesses,” Mr Ayers told Sky News Australia.

Government’s cost of living measures target ‘households and businesses’

“A significant part of those start on Monday – tax cuts for every single Australian.”