1
00:00:04,240 --> 00:00:06,600
Speaker 1: From the Daily Ods. I'm Billy fitz Simon's and this

2
00:00:06,680 --> 00:00:09,640
Speaker 1: is no Silly Questions. This is the podcast where we

3
00:00:09,680 --> 00:00:12,000
Speaker 1: break down the big issues for young people in the

4
00:00:12,080 --> 00:00:13,399
Speaker 1: lead up to the federal election.

5
00:00:17,160 --> 00:00:20,880
Speaker 2: A plan for a stronger economy and a stronger future.

6
00:00:21,200 --> 00:00:23,159
Speaker 2: We will deliver h.

7
00:00:25,440 --> 00:00:29,120
Speaker 1: One week ago, Treasurer Josh Brodenberg delivered the federal budget.

8
00:00:29,440 --> 00:00:31,800
Speaker 1: For people in politics, it's one of the biggest nights

9
00:00:31,840 --> 00:00:34,400
Speaker 1: of the year. It's also a big night for Australians

10
00:00:34,400 --> 00:00:35,720
Speaker 1: because it's when we learn.

11
00:00:35,640 --> 00:00:37,720
Speaker 3: How the government plans to spend our money.

12
00:00:40,120 --> 00:00:42,240
Speaker 1: I was actually in the budget lock up this year,

13
00:00:42,520 --> 00:00:45,320
Speaker 1: which is when all the journalists receive about four hundred

14
00:00:45,320 --> 00:00:48,120
Speaker 1: pages on the details of the budget and we're given

15
00:00:48,159 --> 00:00:51,479
Speaker 1: about six hours with no access to phones or internet

16
00:00:51,680 --> 00:00:52,960
Speaker 1: to understand what's in it.

17
00:00:53,120 --> 00:00:55,360
Speaker 3: And this year it was clear what the headline was

18
00:00:55,520 --> 00:00:56,240
Speaker 3: cost of living.

19
00:00:57,120 --> 00:00:59,760
Speaker 1: You've probably noticed that filling up at the petrol station

20
00:00:59,880 --> 00:01:02,600
Speaker 1: is really expensive at the moment, or that you can't

21
00:01:02,640 --> 00:01:05,160
Speaker 1: find a three dollar coffee anymore, when just a few

22
00:01:05,200 --> 00:01:07,280
Speaker 1: years ago that was the regular price.

23
00:01:07,040 --> 00:01:08,560
Speaker 3: At any cafe you would have gone to.

24
00:01:08,920 --> 00:01:11,400
Speaker 1: That's what we call inflation, the rate at which price

25
00:01:11,440 --> 00:01:14,720
Speaker 1: is increase and it directly impacts the cost of living.

26
00:01:14,959 --> 00:01:17,600
Speaker 1: In just the past twelve months, things have become more

27
00:01:17,640 --> 00:01:20,360
Speaker 1: expensive at a quicker rate than normal. In fact, in

28
00:01:20,360 --> 00:01:23,240
Speaker 1: twenty twenty one, inflation grew faster than in any year

29
00:01:23,319 --> 00:01:26,280
Speaker 1: since two thousand and eight. So today we're looking at

30
00:01:26,360 --> 00:01:28,880
Speaker 1: what the government announced it would do about it and

31
00:01:29,200 --> 00:01:32,000
Speaker 1: why there was some criticism. But before I get there,

32
00:01:32,200 --> 00:01:35,080
Speaker 1: I asked my colleague, political journalist at the Daily Os,

33
00:01:35,120 --> 00:01:38,000
Speaker 1: Tom Crowley, why it is that the cost of living

34
00:01:38,080 --> 00:01:39,600
Speaker 1: is so expensive right now.

35
00:01:40,480 --> 00:01:42,920
Speaker 4: So there are all sorts of things that can drive

36
00:01:43,360 --> 00:01:45,240
Speaker 4: the rising cost of living, and there are a number

37
00:01:45,240 --> 00:01:48,120
Speaker 4: of different things that are playing a role at the moment.

38
00:01:48,200 --> 00:01:51,080
Speaker 4: Some of them are really short term. So Russia's invasion

39
00:01:51,080 --> 00:01:53,120
Speaker 4: of Ukraine is one of those. That's one of the

40
00:01:53,160 --> 00:01:56,400
Speaker 4: reasons why petrol is so expensive. And the reason for

41
00:01:56,440 --> 00:01:58,840
Speaker 4: that is really because Russia sells a lot of oil normally,

42
00:01:58,880 --> 00:02:00,800
Speaker 4: and it's not selling it at the moment, So the

43
00:02:00,840 --> 00:02:03,440
Speaker 4: rest of the world's competing for a smaller amount of

44
00:02:03,440 --> 00:02:07,600
Speaker 4: oil and that's part of what's been pushing the prices up. Then,

45
00:02:07,680 --> 00:02:10,560
Speaker 4: when it comes to groceries and a number of other items,

46
00:02:10,720 --> 00:02:13,560
Speaker 4: COVID and the pandemic have had some role there. They've

47
00:02:13,600 --> 00:02:16,679
Speaker 4: disrupted global supply chains. They've made it harder to get

48
00:02:16,720 --> 00:02:18,600
Speaker 4: the things that people want to buy to where they

49
00:02:18,600 --> 00:02:20,920
Speaker 4: want to buy them, and that's another thing that's been

50
00:02:20,919 --> 00:02:23,960
Speaker 4: putting pressure on prices. But then when you take a

51
00:02:24,000 --> 00:02:26,040
Speaker 4: step back, there are lots of sort of longer term

52
00:02:26,080 --> 00:02:29,040
Speaker 4: trends as well. So when you look at Australia's housing market,

53
00:02:29,720 --> 00:02:32,119
Speaker 4: it's been going up and up for a very long time,

54
00:02:32,360 --> 00:02:34,880
Speaker 4: in part because there's just not enough supply of housing,

55
00:02:34,960 --> 00:02:38,160
Speaker 4: and in part because government policy settings have encouraged a

56
00:02:38,200 --> 00:02:40,880
Speaker 4: lot of investors to buy up a lot of the

57
00:02:40,960 --> 00:02:44,160
Speaker 4: available housing stock. And one of the biggest issues that

58
00:02:44,160 --> 00:02:46,400
Speaker 4: we face today climate change. That has its role in

59
00:02:46,440 --> 00:02:48,360
Speaker 4: the cost of living as well. It's not the biggest

60
00:02:48,360 --> 00:02:50,799
Speaker 4: consequence of climate change, but it is one of them.

61
00:02:51,320 --> 00:02:54,600
Speaker 4: Climate change affects the amount of crops that get produced.

62
00:02:55,000 --> 00:02:57,280
Speaker 4: It means that natural disasters are going to become more

63
00:02:57,360 --> 00:03:00,040
Speaker 4: and more frequent, which can also disrupt the amount of

64
00:03:00,440 --> 00:03:04,400
Speaker 4: food and coffee and various other types of agricultural goods

65
00:03:04,400 --> 00:03:06,919
Speaker 4: that we would want to buy. And when they're available

66
00:03:06,960 --> 00:03:09,680
Speaker 4: in smaller quantities, again the price goes up. And so

67
00:03:09,720 --> 00:03:12,560
Speaker 4: as climate change worsens over the coming years, we can

68
00:03:12,600 --> 00:03:15,720
Speaker 4: expect that to continue. So there are all sorts of

69
00:03:15,800 --> 00:03:18,760
Speaker 4: different reasons. Sometimes it can be difficult to disentangle them

70
00:03:18,760 --> 00:03:20,919
Speaker 4: all and difficult to get a sense of exactly why

71
00:03:20,960 --> 00:03:24,160
Speaker 4: the price of something is going up. But certainly, I

72
00:03:24,160 --> 00:03:26,800
Speaker 4: guess the key thing to remember is that these big

73
00:03:26,840 --> 00:03:30,080
Speaker 4: global trends they can affect our day to day. They

74
00:03:30,080 --> 00:03:32,520
Speaker 4: can affect our wallet, they can affect our weekly shopping

75
00:03:32,600 --> 00:03:34,840
Speaker 4: and we've certainly been seeing that in the last few months.

76
00:03:36,120 --> 00:03:38,840
Speaker 1: Okay, so that's why the cost of living is rising.

77
00:03:39,280 --> 00:03:41,520
Speaker 1: Let's look at what the government announced it would do

78
00:03:41,560 --> 00:03:42,000
Speaker 1: about it.

79
00:03:43,720 --> 00:03:49,120
Speaker 2: The Morrison Government announces a new temporary, targeted and responsible

80
00:03:49,160 --> 00:03:51,800
Speaker 2: cost of living package to ease these pressures.

81
00:03:52,840 --> 00:03:55,440
Speaker 1: The Daily Os spoke to Dave Sharma while we were

82
00:03:55,440 --> 00:03:56,560
Speaker 1: in Canberra this week.

83
00:03:57,840 --> 00:04:00,800
Speaker 5: It's I'm Dave Sharma. I'm the Member of Wentworth in

84
00:04:00,920 --> 00:04:03,400
Speaker 5: Sydney's Eastern Suburbs, member of the Liberal Party.

85
00:04:03,600 --> 00:04:06,040
Speaker 1: As he said that he's from the Coalition, so he's

86
00:04:06,120 --> 00:04:08,960
Speaker 1: part of the Morrison government. He said, addressing the cost

87
00:04:08,960 --> 00:04:11,440
Speaker 1: of living is so important for the government because the

88
00:04:11,520 --> 00:04:14,520
Speaker 1: issue is around necessities. Things people don't have a lot

89
00:04:14,520 --> 00:04:15,640
Speaker 1: of choice in buying.

90
00:04:16,080 --> 00:04:19,160
Speaker 5: A lot of the impact is in normal discussionary spending

91
00:04:19,200 --> 00:04:22,599
Speaker 5: if you like food, clothing, and imagy, petrol for cars

92
00:04:22,600 --> 00:04:24,560
Speaker 5: and those sorts of things. So what we put in

93
00:04:24,560 --> 00:04:27,920
Speaker 5: the budget is it's intended to alleviate cost of living pressures,

94
00:04:27,920 --> 00:04:30,280
Speaker 5: but in a way that doesn't lead to a sort

95
00:04:30,279 --> 00:04:34,480
Speaker 5: of structural increase in budget expenditure. So the measures are temporary,

96
00:04:34,640 --> 00:04:36,520
Speaker 5: they're targeted as well.

97
00:04:36,720 --> 00:04:39,520
Speaker 1: The first big announcement from Josh Fredenberg was to do

98
00:04:39,560 --> 00:04:43,120
Speaker 1: with petrol. Now, the price of petrol is mostly set

99
00:04:43,160 --> 00:04:46,200
Speaker 1: by factors outside the government's control, like the global price

100
00:04:46,240 --> 00:04:49,400
Speaker 1: for petrol, as we discussed before, but a percentage of

101
00:04:49,480 --> 00:04:52,320
Speaker 1: the price is in the government's control, and that's taxes.

102
00:04:53,240 --> 00:04:58,599
Speaker 2: Practical measures that will make a difference. Fuel excise will

103
00:04:58,600 --> 00:05:00,000
Speaker 2: be cut in half.

104
00:05:01,760 --> 00:05:02,919
Speaker 3: For every leader of petrol.

105
00:05:03,240 --> 00:05:05,960
Speaker 1: Forty four point two cents is the fuel excise tax.

106
00:05:06,360 --> 00:05:09,520
Speaker 1: But on Tuesday, Fredenberg announced the fuel excise would be

107
00:05:09,560 --> 00:05:12,320
Speaker 1: cut in half to twenty two point one cents per liter.

108
00:05:12,680 --> 00:05:15,160
Speaker 1: The government predicts it will save someone who fills up

109
00:05:15,160 --> 00:05:17,400
Speaker 1: a car once a week about three hundred and fifty

110
00:05:17,440 --> 00:05:19,360
Speaker 1: dollars over the next six months.

111
00:05:20,120 --> 00:05:22,240
Speaker 5: We've made the commitment that we're not going to do

112
00:05:22,279 --> 00:05:24,440
Speaker 5: it beyond six months. I've spoken to the Treasurer. I

113
00:05:24,440 --> 00:05:27,159
Speaker 5: think it's important that we make that clean now so

114
00:05:27,240 --> 00:05:30,080
Speaker 5: people don't have an expectation. I expect I mean world

115
00:05:30,120 --> 00:05:32,000
Speaker 5: ole or prices have gone through a shock because of

116
00:05:32,080 --> 00:05:35,520
Speaker 5: disruption because Russia's supply has been interrupted. I expect they'll

117
00:05:35,560 --> 00:05:38,080
Speaker 5: come back down. But if they don't, we're just going

118
00:05:38,160 --> 00:05:39,600
Speaker 5: to have to live with them. And if the structural

119
00:05:39,640 --> 00:05:41,520
Speaker 5: price of energy is higher, we're going to have to

120
00:05:41,560 --> 00:05:45,400
Speaker 5: make an adjustment. So but this gives people the time

121
00:05:45,560 --> 00:05:47,480
Speaker 5: to start to plan for that. If you said it,

122
00:05:47,560 --> 00:05:47,800
Speaker 5: I mean.

123
00:05:48,440 --> 00:05:51,840
Speaker 1: The Daily Oz also interviewed a politician from the opposition.

124
00:05:52,360 --> 00:05:55,000
Speaker 1: We spoke to Stephen Jones, who is the shadow Assistant

125
00:05:55,000 --> 00:05:56,400
Speaker 1: Treasurer One.

126
00:05:56,760 --> 00:05:58,800
Speaker 6: There's no guarantee that it'll all be passed on to

127
00:05:58,839 --> 00:06:01,520
Speaker 6: the consumer, because the retailers might take a cart, the

128
00:06:01,560 --> 00:06:05,320
Speaker 6: wholesalers might take a cart. In my area, I'm sort

129
00:06:05,320 --> 00:06:08,240
Speaker 6: of a regional large regional center at Wollongong. We can

130
00:06:08,240 --> 00:06:12,040
Speaker 6: see petrol price variance in a suburb of twenty cents

131
00:06:12,080 --> 00:06:15,400
Speaker 6: on a day, and they can move by twenty cents

132
00:06:15,440 --> 00:06:17,640
Speaker 6: over the course of a week, so it may not

133
00:06:17,839 --> 00:06:20,760
Speaker 6: end up making a huge difference. That's not a reason

134
00:06:20,760 --> 00:06:23,240
Speaker 6: to vote against it, but it may not make a

135
00:06:23,320 --> 00:06:26,520
Speaker 6: huge difference. The second problem is that you can't do

136
00:06:26,560 --> 00:06:30,400
Speaker 6: it permanently. Otherwise you got to find another way to

137
00:06:30,880 --> 00:06:34,080
Speaker 6: raise somewhere in the order of six billion dollars per

138
00:06:34,160 --> 00:06:35,960
Speaker 6: year to pay for roads.

139
00:06:36,360 --> 00:06:39,280
Speaker 1: What Stephen Jones said there about there being no guarantee

140
00:06:39,279 --> 00:06:41,760
Speaker 1: that it will be passed on to the customer is true.

141
00:06:41,920 --> 00:06:45,000
Speaker 1: The fuel ex size isn't actually paid by us. It's

142
00:06:45,040 --> 00:06:47,840
Speaker 1: paid by the companies and not the consumer. So it

143
00:06:47,920 --> 00:06:50,520
Speaker 1: isn't required by law for the companies to pass this

144
00:06:50,600 --> 00:06:55,640
Speaker 1: new discount onto the customers, mister speaker.

145
00:06:55,800 --> 00:06:58,679
Speaker 3: Now, there were some other announcements tonight.

146
00:06:59,360 --> 00:07:03,880
Speaker 2: I also announce a new one off four hundred and

147
00:07:03,920 --> 00:07:07,920
Speaker 2: twenty dollars cost of living tax offset for more than

148
00:07:07,960 --> 00:07:10,800
Speaker 2: ten million low and middle income earners.

149
00:07:10,960 --> 00:07:13,840
Speaker 1: Josh Freidenberg announced that a tax cut of four hundred

150
00:07:13,880 --> 00:07:16,320
Speaker 1: and twenty dollars will make its way to anyone with

151
00:07:16,360 --> 00:07:19,160
Speaker 1: an income below one hundred and twenty six thousand dollars

152
00:07:19,280 --> 00:07:21,880
Speaker 1: when they file their tax returns after the first of July.

153
00:07:22,200 --> 00:07:24,920
Speaker 3: And there was one more significant announcement when it came

154
00:07:24,960 --> 00:07:25,800
Speaker 3: to the cost of living.

155
00:07:26,080 --> 00:07:30,800
Speaker 2: Tonight, I also announced a new one off two hundred

156
00:07:30,840 --> 00:07:35,200
Speaker 2: and fifty dollars cost of living payment, delivered within weeks

157
00:07:35,520 --> 00:07:38,440
Speaker 2: to six million Australians in April.

158
00:07:38,520 --> 00:07:42,040
Speaker 1: Recipients of a variety of government payments will receive a

159
00:07:42,080 --> 00:07:45,720
Speaker 1: one off two hundred and fifty dollars payment. As Dave Shama,

160
00:07:45,880 --> 00:07:49,200
Speaker 1: the MP from the Coalition, said before, these are temporary

161
00:07:49,200 --> 00:07:52,400
Speaker 1: solutions to the likely long term issue of rising cost

162
00:07:52,400 --> 00:07:55,640
Speaker 1: of living. In light of the announcements, the government has

163
00:07:55,680 --> 00:07:58,920
Speaker 1: been accused by some of essentially just putting money into

164
00:07:58,960 --> 00:08:01,360
Speaker 1: people's pockets to their votes in the lead up to

165
00:08:01,400 --> 00:08:01,840
Speaker 1: the election.

166
00:08:02,520 --> 00:08:05,760
Speaker 6: I think the government did something to get them between

167
00:08:05,880 --> 00:08:09,320
Speaker 6: now and the federal election in about seven weeks time.

168
00:08:10,280 --> 00:08:13,160
Speaker 6: I'm not going to say for a minute that two

169
00:08:13,280 --> 00:08:17,200
Speaker 6: hundred and fifty dollars or four hundred and twenty dollars

170
00:08:17,280 --> 00:08:19,720
Speaker 6: is not meaningful. It is, of course it is if

171
00:08:19,760 --> 00:08:21,920
Speaker 6: you're on a minimum wage or you're on a benefit.

172
00:08:22,920 --> 00:08:27,360
Speaker 6: That's serious coin. But I'm also not going to pretend

173
00:08:27,520 --> 00:08:31,440
Speaker 6: that that's going to make a huge difference in dealing

174
00:08:31,480 --> 00:08:36,240
Speaker 6: with skyrocketing costs of just about everything from rent to

175
00:08:37,320 --> 00:08:40,080
Speaker 6: groceries and area that girls that you've got to pay for.

176
00:08:40,440 --> 00:08:43,560
Speaker 1: This raises an interesting question with the election now in

177
00:08:43,600 --> 00:08:46,560
Speaker 1: about seven weeks, whoever does win the election, so the

178
00:08:46,600 --> 00:08:50,120
Speaker 1: Liberal or Labor Party will probably be unpopular when they

179
00:08:50,120 --> 00:08:53,040
Speaker 1: have to double the fuel excise and petrol once again

180
00:08:53,160 --> 00:08:57,560
Speaker 1: becomes more expensive, especially because Labor has confirmed it will

181
00:08:57,600 --> 00:09:00,640
Speaker 1: not extend this cut beyond six months if they do win.

182
00:09:00,960 --> 00:09:03,840
Speaker 1: But Dave Sharma disagrees that the Liberal Party did this

183
00:09:03,960 --> 00:09:06,319
Speaker 1: to make the Labor Party look bad. If they do win,

184
00:09:07,040 --> 00:09:09,600
Speaker 1: he says they'll have support from the Liberal Party to

185
00:09:09,679 --> 00:09:12,520
Speaker 1: up the price of petrol in six months. He uses

186
00:09:12,559 --> 00:09:15,920
Speaker 1: the word bipartisan, which just means support from both parties.

187
00:09:16,360 --> 00:09:18,760
Speaker 5: Well, I mean, so look, firstly, we don't know whether

188
00:09:18,800 --> 00:09:20,240
Speaker 5: they'll be in government, so it could well be a

189
00:09:20,240 --> 00:09:24,160
Speaker 5: trap for us. But secondly, I'd say if they happen

190
00:09:24,200 --> 00:09:26,760
Speaker 5: to be in government, they'll have bipartisan support to remove it,

191
00:09:26,800 --> 00:09:29,720
Speaker 5: because we've said and we've announced it that you know

192
00:09:29,920 --> 00:09:32,280
Speaker 5: it's not going to be extended beyond six months. And

193
00:09:32,800 --> 00:09:35,400
Speaker 5: I think if they've got bipartisan support, they're not going

194
00:09:35,440 --> 00:09:38,080
Speaker 5: to be politically attacked for doing so. Then you know,

195
00:09:38,160 --> 00:09:40,440
Speaker 5: I think I don't think that's a booby trap.

196
00:09:42,200 --> 00:09:45,560
Speaker 1: Of course, cost of living isn't just about petrol. Another

197
00:09:45,720 --> 00:09:48,200
Speaker 1: huge pressure on the cost of living for young people

198
00:09:48,280 --> 00:09:51,600
Speaker 1: is rent. There wasn't anything in the budget that directly

199
00:09:51,640 --> 00:09:54,720
Speaker 1: addressed rent relief, something that would have been directed to

200
00:09:54,920 --> 00:09:58,480
Speaker 1: young people. Prime Minister Scott Morrison was asked about this

201
00:09:58,559 --> 00:09:59,960
Speaker 1: on the Today Show last week.

202
00:10:00,679 --> 00:10:02,640
Speaker 4: Nothing for rent relief though, why not?

203
00:10:03,600 --> 00:10:06,400
Speaker 7: It's about strains getting into homes. The best way to

204
00:10:06,440 --> 00:10:08,280
Speaker 7: support people who are renting a house is to help

205
00:10:08,320 --> 00:10:10,440
Speaker 7: them buy a house and over the last three years

206
00:10:10,440 --> 00:10:14,199
Speaker 7: we've got over three hundred thousand Australians directly into their

207
00:10:14,240 --> 00:10:17,000
Speaker 7: own home and particularly single mums.

208
00:10:17,480 --> 00:10:21,840
Speaker 1: Here's what Stephen Jones from the Opposition said about Morrison's comments.

209
00:10:22,679 --> 00:10:26,360
Speaker 6: I reckon it shows that Prime Minister is so goddamn

210
00:10:26,440 --> 00:10:30,160
Speaker 6: out of touch. It's not funny if you're living in

211
00:10:30,200 --> 00:10:33,560
Speaker 6: a sharehouse with five people under the one roof, or

212
00:10:33,600 --> 00:10:37,640
Speaker 6: if you're couch surfing, or if you're still living at

213
00:10:38,160 --> 00:10:40,599
Speaker 6: mum and Dad's place because you can't afford rent, or

214
00:10:40,640 --> 00:10:45,040
Speaker 6: if you're traveling three hours to work or go to

215
00:10:45,240 --> 00:10:49,679
Speaker 6: UNI in a place because you can't afford to live

216
00:10:49,720 --> 00:10:53,199
Speaker 6: anywhere near the university. The idea that the solution to

217
00:10:53,240 --> 00:10:57,760
Speaker 6: that is you just buy a house is frankly fucking offensive.

218
00:10:58,679 --> 00:11:01,760
Speaker 6: You know, it's just like, man, what planet are you

219
00:11:01,800 --> 00:11:02,240
Speaker 6: living on?

220
00:11:05,240 --> 00:11:06,040
Speaker 3: Before we leave?

221
00:11:06,200 --> 00:11:09,000
Speaker 1: We can't discuss the budget without talking about what was

222
00:11:09,040 --> 00:11:11,959
Speaker 1: in there for climate change, and I think it's fair

223
00:11:12,000 --> 00:11:15,000
Speaker 1: to say there wasn't a lot. The budget did devote

224
00:11:15,000 --> 00:11:18,000
Speaker 1: significant funding to cleaning up the recent floods in New

225
00:11:18,040 --> 00:11:21,680
Speaker 1: South Wales and Queensland, but there was relatively less new

226
00:11:21,720 --> 00:11:26,920
Speaker 1: funding for longer term disaster preparation strategies. Despite this, Dave

227
00:11:26,960 --> 00:11:30,199
Speaker 1: Sharma did say his government does believe in the importance

228
00:11:30,240 --> 00:11:33,760
Speaker 1: of addressing climate change. We asked Dave Sharma why the

229
00:11:33,760 --> 00:11:37,360
Speaker 1: budget did not do specific modeling on the economic consequences

230
00:11:37,360 --> 00:11:41,000
Speaker 1: of more frequent natural disasters. He admitted it's not in

231
00:11:41,040 --> 00:11:41,880
Speaker 1: the budget papers.

232
00:11:42,559 --> 00:11:44,760
Speaker 5: There is a lot of modeling out there that shows

233
00:11:44,800 --> 00:11:48,360
Speaker 5: that the costs of climate change are real, not only

234
00:11:48,440 --> 00:11:52,079
Speaker 5: in frequency s variant natural disasters, but impact on living

235
00:11:52,120 --> 00:11:55,800
Speaker 5: standards more broadly, and costs of basive goods too. So

236
00:11:56,000 --> 00:11:59,240
Speaker 5: although it's not informally in the budget papers, I think

237
00:11:59,240 --> 00:12:01,720
Speaker 5: there's a lot of other government urgencies are the modeling

238
00:12:01,960 --> 00:12:08,520
Speaker 5: this and it's informed to government policy, so to summarize.

239
00:12:08,720 --> 00:12:11,240
Speaker 1: Measures around the cost of living were the big focus

240
00:12:11,240 --> 00:12:13,800
Speaker 1: of this year's budget, with the federal government saying they're

241
00:12:13,800 --> 00:12:16,360
Speaker 1: committed to easing the pressure over the next six months

242
00:12:16,400 --> 00:12:20,160
Speaker 1: for Australians. Dave Sharma from the Liberal Party points out

243
00:12:20,160 --> 00:12:22,320
Speaker 1: the importance of this because he says the things that

244
00:12:22,360 --> 00:12:25,720
Speaker 1: are becoming more expensive are necessities.

245
00:12:25,040 --> 00:12:27,520
Speaker 3: For most people, and both the.

246
00:12:27,520 --> 00:12:29,960
Speaker 1: Liberal Party and the Labor Party have made it clear

247
00:12:30,000 --> 00:12:34,240
Speaker 1: that these measures won't be extended. The opposition says the

248
00:12:34,280 --> 00:12:37,000
Speaker 1: federal government is too focused on the short term and

249
00:12:37,080 --> 00:12:40,280
Speaker 1: not on the long term. Stephen Jones from the opposition

250
00:12:40,559 --> 00:12:43,120
Speaker 1: said the Liberal Party is just focused on putting money

251
00:12:43,160 --> 00:12:46,280
Speaker 1: into people's pockets to win the next election and if

252
00:12:46,280 --> 00:12:48,160
Speaker 1: he's right, it will be interesting to see if it

253
00:12:48,200 --> 00:12:51,040
Speaker 1: works at the federal election in about seven weeks time.

254
00:12:52,520 --> 00:12:55,240
Speaker 1: Thank you so much for listening to no silly questions,

255
00:12:55,600 --> 00:12:57,560
Speaker 1: and before you go, I would love if you could

256
00:12:57,600 --> 00:13:01,000
Speaker 1: leave us a rating on Spotify or a review on Apple.

257
00:13:01,360 --> 00:13:02,400
Speaker 3: It only takes about.

258
00:13:02,240 --> 00:13:05,559
Speaker 1: Thirty seconds and it really helps our small independent media

259
00:13:05,600 --> 00:13:08,120
Speaker 1: company growth. And share it with a friend too so

260
00:13:08,240 --> 00:13:10,040
Speaker 1: they can be informed. In the lead up to the

261
00:13:10,040 --> 00:13:10,800
Speaker 1: federal election.

262
00:13:11,400 --> 00:13:22,520
Speaker 3: We'll see you on Thursday.