Opposition to deliver budget reply tonight; Australia’s trade minister ‘very positive’ China will lift restrictions

Before we turn to Treasurer Jim Chalmers, the opposition’s Sussan Ley and Angus Taylor have spoken about the budget.

Ley, the deputy Liberal leader, told ABC TV she was disappointed with the budget and how it affected Australians.

“Australians like to say their home is their castle and households are under siege with the average family going backwards by $25,000 a year,” she said on News Breakfast.

Ley was pushed about the figure and said the previous Coalition government, which she was a part of, set up the economy as Australia moved out of COVID.

“We had what people recall as the V-shaped recovery. We set up record lows and obviously tax revenues would result from that,” Ley said this morning.

“We managed the economy well in order that we came out strongly, and we have and in the opening-up after COVID, we’ve set up this surplus.”

Shadow treasurer Angus Taylor was on Nine’s Today program and said the best possible support for lower income people was addressing cost-of-living pressures, lower inflation and lower interest rates.

“That’s going to help the most vulnerable … Of course there are many hard-working Australians out there who are trying to get ahead who are feeling enormous pressure at the moment,” he said.

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