Albanese’s ‘radical’ tax reform partly motivated by UK political turmoil

Sky News Political Editor Andrew Clennell claims Treasurer Jim Chalmers and Prime Minister Anthony Albanese “went for broke” with this week’s budget on tax reform.

“Are there unintended consequences down the track from these changes, and for the economy as a whole?” he said.

“Part of the motivation for going so radical here by Anthony Albanese is what has happened to the prospects of the UK Prime Minister Keir Starmer.

“Starmer – there are reports he’s about to quit, he’s certainly facing being deposed after trailing badly in the polls behind Nigel Farage’s Reform Party on the right and the Greens on the left.

“So Prime Minister Albanese has made the calculation Starmer faltered because he sat still in a period of change. And with housing such a big issue, the government wants to get out ahead of any discontent that they’re not doing enough to make it affordable for younger generations.”