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The Latest Breaking News from Labor

Budget spending stokes fears of further rate rise pain

An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.

AAP

The complete 2026 Australian budget: choose the news coverage that matters to you

Select the federal budget topics you’re interested in to get the news tailored for you

The Guardian - AU

What the budget means for your generation – gen Z, millennial, gen X or boomer

Jim Chalmers has sold the budget as a historic shift in favour of intergenerational fairness. Four Guardian Australia staff members assess what it means for their age group

The Guardian - AU

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Budget capital gains tax changes and negative gearing reform explained

Negative gearing, capital gains tax and family trusts are all facing a big shake-up in the name of intergenerational fairness. How will it all work?

The Guardian - AU

Small beer: revenue from gas export tax set to plummet

The petroleum resource rent tax is projected to raise $1.85 billion less in revenue than the beer excise by 2029/30, heaping pressure on Labor to tweak the tax.

AAP

Budget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disaster

Labor’s ambitious and politically risky tax reform aims to help first home buyers and foster intergenerational fairness

The Guardian - AU

This bold budget has grasped the nettle of tax and housing – but it may not be enough to move the needle for younger Australians

Jim Chalmers, determined not to miss his reform moment more than four years into government, has backed the largest change to Australia’s sclerotic tax system since the Howard era

The Guardian - AU

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Albanese government uses its political dominance to implement a ‘Labor’ agenda

The tilt of this budget was, when you think about it, predictable.

The Conversation

Tax relief for workers and pain for investors in budget

Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.

AAP

Inquiry calls Minns government grants scheme for Labor candidates an ‘election slush fund’

Parliamentary committee into 2023 electorate funding allocation program finds MP John Graham misled parliament

The Guardian - AU

Labor MP 'interfered' with Hillsong fraud allegations

A Hillsong whistleblower is suing the federal government, claiming an MP repeatedly stopped another from airing her claims in parliament.

AAP

It’s parliament, not Love Island: Queensland’s ministerial affair drama becomes a sordid distraction

Tuesday’s question time seemed more suited to prime time; full of sordid allegations, only the cast seems far less likable

The Guardian - AU

Chalmers delivers 2026 budget speech – as it happened

This blog is now closed.

The Guardian - AU

State integrity brawl spills into MPs' private lives

A heated political row over integrity and conflicts of interest has erupted into a slanging match about MPs' private lives in a state parliament.

AAP

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AAP

Last-minute budget pitch to 'level field' for young

Labor has made a pre-budget pitch to young Australians on social media as the government shakes up the tax system to help more people buy homes.

AAP

'Time has come': Shorten backs budget's broken promise

After unsuccessfully campaigning on negative gearing changes while Labor leader, Bill Shorten says he would welcome a policy shift in the federal budget.

The Guardian - AU

Victorian politics still exposed to ‘dark money’ and foreign donations as MPs struggle to agree on urgent reforms

Exclusive: state is now without caps on political donations or disclosure requirements, months out from November election

The Guardian - AU

Is the Howard era over? Albanese and Chalmers are betting the budget it is

With baby boomers outnumbered on the electoral roll, Labor are finally emerging from their shell to address intergenerational unfairness

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The Guardian - AU

Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria

Labor’s anticipated reforms are not a panacea, but they could nudge Australia toward a more equitable trajectory

AAP

'Need to do more': Labor to lift lid on housing reform

Australians are under financial pressure and the government cannot "just sit back", the prime minister says, as his treasurer prepares to hand down the budget.

The Guardian - AU

What we know so far about tax, housing, fuel and broken promises in the federal budget

The long sell for Labor’s budget package means we know a lot about what to expect on Tuesday night

The Guardian - AU

One Nation’s Farrer win is just the latest example of regional NSW voters putting a stick in the eye of the major parties

Before independents reshaped urban politics, country electorates in the state had long elected outsiders and defectors

The Guardian - AU

Budget to include extra $2bn for infrastructure – as it happened

This blog is now closed

The Guardian - AU

The scale of the Coalition’s loss in the Farrer byelection can’t be overstated

The politics of anxiety and grievance harnessed by One Nation are a formidable force. Angus Taylor needs to, in his own words, ‘change or die’

The Guardian - AU

‘We’re coming after those other seats’: Pauline Hanson jubilant as One Nation wins Farrer byelection

David Farley secures One Nation’s first lower house win after Coalition vote collapses and Angus Taylor says Liberals will take ‘hard lessons’ from result

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