Transcript

Credlin: Budget 2024 · Credlin

0:02
Speaker 1: Peedo Krandland live on Skyings Australia.
0:08
Speaker 2: Good evening and welcome to show What's budget night tonight
0:10
Speaker 2: an extended Kredlin few. We'll run right up to seveno
0:13
Speaker 2: thirty when the Treasurer will get to his feet to
0:16
Speaker 2: hand down his second budget. However, we won't just cover
0:18
Speaker 2: the budget. There's lots of other headlines. I want to
0:20
Speaker 2: make sure you are across. He's a little of what's
0:23
Speaker 2: coming up on Kredline tonight. Deacon University in Victoria announces
0:27
Speaker 2: it will break up pro Palestinian encampments as protesters declare
0:31
Speaker 2: they will resist. It comes as a tertiary sector faces
0:34
Speaker 2: heavy cuts to their overseas student numbers in tonight's budget.
0:38
Speaker 2: But will the government do more than just talk tough.
0:42
Speaker 2: I'll discuss that with Chris Yulman a little later. On
0:45
Speaker 2: the worrying push to lower the burden of proof in
0:47
Speaker 2: rape trials. They could see cases conducted in a way
0:50
Speaker 2: that have experts warning it could set a dangerous precedent.
0:55
Speaker 2: Legal expert Chris Merritt with Moore as well as the
0:57
Speaker 2: latest on the trial against accused Islamic state terrorist. Australian
1:01
Speaker 2: born Neil Prakash plus, you won't believe how defensive the
1:05
Speaker 2: Prime Minister got in Parliament today during question time asked
1:09
Speaker 2: a fairly straightforward question on that near miss with a
1:12
Speaker 2: Chinese Fighter jet. Pretty rich for the Prime Minister too
1:15
Speaker 2: to demand that. Andrew Hasty, a former SAS veteran turn
1:20
Speaker 2: Liberal MP do More, said the Prime Minister to stick
1:23
Speaker 2: up for Australia and as I said, lots to get
1:26
Speaker 2: through as we await Jim Chalmer's budget speech. As always
1:30
Speaker 2: with the budget, it's the devil in the detail and
1:32
Speaker 2: who you trust to manage the economy.
1:36
Speaker 3: Our big priority here is to put the people front
1:38
Speaker 3: and center. We know that people are doing it tough
1:40
Speaker 3: and that's why more help is on the way tonight.
1:42
Speaker 4: Look, the Reserve Bank has set the alarm bells off
1:46
Speaker 4: for good reason. They've said inflation is going up, not
1:50
Speaker 4: down right now, that's what we saw in the last
1:53
Speaker 4: figures and we need to see a pathway to time it.
1:59
Speaker 2: First tonight, in an hour and a half, the budget
2:01
Speaker 2: will be brought down for a second time by Wayne
2:03
Speaker 2: Swan's former staff are Jim Chalmers. Indeed, Charmers was the
2:07
Speaker 2: chief of staff when Julia Gillard's then treasurer promised this.
2:13
Speaker 5: The four years of surpluses I announced tonight.
2:16
Speaker 6: Are a powerful enbursement of the strength of our economy,
2:20
Speaker 6: resilience of our people and the success of our policies.
2:28
Speaker 2: I was there in the room of the time, and
2:29
Speaker 2: we know now, don't We never delivered a surplus, let
2:33
Speaker 2: alone the four he promised earlier today in the dance
2:36
Speaker 2: of a thousand vales that we get around budgets. We
2:39
Speaker 2: were told that tonight's surplus would be some nine billion dollars. Well,
2:44
Speaker 2: in that respect, Charmers is better than his old boss.
2:47
Speaker 2: But how real is this surplus nine point three billion?
2:51
Speaker 2: We're told that's nine thousand million. Well it sounds a lot,
2:56
Speaker 2: but given Australia as a three trillion dollar economy, it isn't. Indeed,
3:00
Speaker 2: it's scarcely one percent of total Commonwealth debt and that's
3:05
Speaker 2: racing towards one trillion dollars or one thousand billion. And
3:10
Speaker 2: all the surplus means is that in this current financial
3:13
Speaker 2: gear as a country, we have earned more than we've
3:17
Speaker 2: spent nine point three billion dollars more. But put that
3:21
Speaker 2: against our current debt. Use that nine point three billion
3:24
Speaker 2: to pay a little bit off what we owe, and
3:27
Speaker 2: it's a drop in the ocean. Our debt would go
3:29
Speaker 2: from eight point eight one hundred and ninety two point
3:32
Speaker 2: one billion to eight hundred and eighty eight point eight
3:36
Speaker 2: billion dollars. See what I mean by dropping the ocean. Now,
3:39
Speaker 2: most in the media fall for the spin of a surplus.
3:43
Speaker 2: But when our national debt is that big and the
3:46
Speaker 2: surplus is that small, well, it's practically a rounding error.
3:50
Speaker 2: It's the equivalent of you perhaps finding one thousand dollars
3:53
Speaker 2: in your bank at a time when you owe one
3:55
Speaker 2: hundred thousand dollars and have got very little prospect of
3:59
Speaker 2: paying any of it back. And in any event, this
4:01
Speaker 2: labor surplus is the equivalent of a winn at the races.
4:05
Speaker 2: It's a result of luck, not policy, a surplus produced
4:09
Speaker 2: by continued sky high prices and hence big tax revenues
4:13
Speaker 2: for iron ore and resources such as coal and gas
4:16
Speaker 2: that labour wants to neimanize, wants to make us leave
4:19
Speaker 2: in the ground. Now, there are some political tricks that
4:22
Speaker 2: you need to know as the government tries tonight to
4:25
Speaker 2: drown us in spin. Some of the other tricks I
4:28
Speaker 2: want you to know about the other tricks that labor
4:31
Speaker 2: will deploy to make their budget books look better than
4:34
Speaker 2: they really are. They will move on future fund returns.
4:38
Speaker 2: I put them on budget, so using the investing skill
4:41
Speaker 2: of recent Future Fund chairman Peter Costello to bolster Labour's
4:46
Speaker 2: government revenue when labor politicians had nothing to do with
4:51
Speaker 2: those future fund decisions. It's what they did last year
4:54
Speaker 2: too when they got themselves to a surplus. And if
4:57
Speaker 2: Josh Freedenberg had done the same, the future Fund returns
5:01
Speaker 2: on budget in his last budget is treasurer or he
5:04
Speaker 2: would have got there with a surplus as well. What
5:07
Speaker 2: are the tricks to labor have up their sleeve. Well,
5:09
Speaker 2: I guarantee you that some spending such as future made
5:13
Speaker 2: in Australia grants to private companies or they will all
5:17
Speaker 2: be parked off budget. They'll be put into their capital accounts,
5:22
Speaker 2: even though these grants are never likely to produce a
5:26
Speaker 2: commercial return, and they will play all the usual games
5:29
Speaker 2: with immigration, ramping up the intake to artificially inflate economic growth,
5:36
Speaker 2: because in simple terms, more people grows the economy, even
5:40
Speaker 2: though they don't necessarily boost GDP per person. The real
5:44
Speaker 2: reason most of us right now feel poorer, even though
5:48
Speaker 2: the economy as a whole has been growing, albeit slowly.
5:52
Speaker 2: Is because we've been in a per capita recession with
5:54
Speaker 2: GDP going backwards per person for the past four quarters.
6:00
Speaker 2: Supposedly to bring down total migration from half a million
6:04
Speaker 2: to a quarter of a million a year, the government
6:07
Speaker 2: was spinning that they'll put caps on the number of
6:09
Speaker 2: overseas students. That's because everyone who's here for more than
6:14
Speaker 2: a couple of months, including all of these overseas students,
6:17
Speaker 2: or they need a house, a job, and a way
6:19
Speaker 2: to get around. But it remains to be seen how
6:22
Speaker 2: effective an his student numbers caps will be given that
6:26
Speaker 2: the government wants to be acting here or seen to
6:29
Speaker 2: be acting, without being sure it really wants to act.
6:33
Speaker 2: Public concerns about record immigration have to be addressed, but
6:37
Speaker 2: actually cutting immigration could mean we plunge into an official
6:41
Speaker 2: rather than just an unofficial or per capita recession, and
6:46
Speaker 2: it would mean trouble with all those universities and others
6:49
Speaker 2: for whom overseas students seeking immigration rather than an educational
6:54
Speaker 2: outcome have become a big business model. But the basic
6:59
Speaker 2: failure of this budget, based on all the pre budget's
7:02
Speaker 2: spin will be that it bakes in permanent structural spending
7:07
Speaker 2: on the back of this temporary accidental date the races
7:11
Speaker 2: of surplus. Prior to the pandemic, Commonwealth spending averaged under
7:16
Speaker 2: twenty five percent of GDP. Now it blew out to
7:19
Speaker 2: twenty seven percent of GDP during the pandemic, and under
7:22
Speaker 2: labor long after the pandemic, it's hardly come back. There
7:27
Speaker 2: are already close to two percentage points of GDP and
7:30
Speaker 2: extra locked in long term spending, and tonight the government
7:35
Speaker 2: will add to that. There will be more for the
7:37
Speaker 2: states on housing and health, more for the states to
7:40
Speaker 2: take the pressure off the NDIS and allow the federal
7:44
Speaker 2: government to then pretend it's rained in the costs of
7:47
Speaker 2: the NDIS, even though it's just changed the spending from
7:50
Speaker 2: one account to the other. More to subsidize the wages
7:55
Speaker 2: of people in the so called care economy. But why
7:58
Speaker 2: there should tax payers be helping to pay the wages
8:01
Speaker 2: of people employed in private business. That's beyond me. Perhaps
8:05
Speaker 2: because childcare and aged care are two key recruitment areas
8:09
Speaker 2: for the unions, maybe that's the answer. Tonight, expect to
8:13
Speaker 2: see more helpful low income earners with their skyrocketing power bills,
8:18
Speaker 2: even though it's the government's own policy to get to
8:21
Speaker 2: that zero at breakneck speed, which is putting bills up
8:24
Speaker 2: in the first place. Treasure Jim Chalmers has assured his
8:29
Speaker 2: caucus that it's a true labor budget. Based on what
8:33
Speaker 2: I know, I suspect he's right. But one thing it
8:36
Speaker 2: won't be is a budget in the labor tradition of
8:40
Speaker 2: Bob Hawk, who was the last Labor PM to preside
8:43
Speaker 2: over a budget surplus, and in Hawk's case, it was
8:47
Speaker 2: a surplus generated by economic reform and genuine spending restraint.
8:53
Speaker 2: There won't be too much spending restraint tonight, and instead
8:55
Speaker 2: this government will spend big with your money to try
8:59
Speaker 2: and buy back you'll vote. They're struggling in the polls
9:03
Speaker 2: and the Prime Minister's hope is that you'll fall for
9:07
Speaker 2: his spin. Well we'll see, all right. Let's get the
9:16
Speaker 2: headlines now, as I said, a lot of our not
9:18
Speaker 2: just the budget. Georgia Simpson with the details. Good evening.
9:22
Speaker 7: Treasurer Jim Charmers will deliver his third budget tonight and
9:26
Speaker 7: it's set to be a budget in the black, a
9:28
Speaker 7: nine point three billion dollar surplus for this financial year
9:31
Speaker 7: is locked in, but morehelp was also being promised for
9:34
Speaker 7: Australians struggling to keep up with the cost of living.
9:37
Speaker 3: I say to people who are doing it tough, and
9:39
Speaker 3: to the most vulnerable people in our community, that help
9:41
Speaker 3: is on the way in the budget. The tax cuts
9:44
Speaker 3: are the biggest part of the cost of living relief
9:47
Speaker 3: in the budget, but not the only part of the
9:49
Speaker 3: cost of living relief in the budget. Our big priority
9:52
Speaker 3: here is to put the people front and center.
9:54
Speaker 7: It will be a balancing act for treasure at Charmers,
9:56
Speaker 7: who's rejecting suggestions budget sweeteners will make inflation work. Forecasts
10:01
Speaker 7: in this economic blueprint will show inflation falling within the
10:04
Speaker 7: target range of two to three percent by the end
10:06
Speaker 7: of the year.
10:07
Speaker 2: And this magic putting exercise by Jim Chalmers that somehow
10:12
Speaker 2: his assumptions are better than the reserve banks.
10:15
Speaker 8: I mean, nobody believes that.
10:17
Speaker 7: Defense whistle blower David McBride has been jailed for leaking
10:20
Speaker 7: classified documents to the media. The former military lawyer will
10:23
Speaker 7: spend a minimum two years and three.
10:25
Speaker 2: Months behind bars.
10:27
Speaker 7: McBride pleaded guilty to three charges, including one of stealing
10:30
Speaker 7: Commonwealth information relating to documents about Australian Special Forces soldiers
10:35
Speaker 7: committing alleged war crimes in Afghanistan. He'll be eligible for
10:39
Speaker 7: parole in August twenty twenty six. The new South Wales
10:42
Speaker 7: government has announced major reform to the state's bail laws
10:45
Speaker 7: to better protect domestic violence survivors.
10:48
Speaker 9: Not everyone will support these changes, but we believe they
10:51
Speaker 9: do balance the rights of an individual and his or
10:54
Speaker 9: her presumption of innocence, as well as the right of
10:57
Speaker 9: a victim survivor to be safe from harassment, intimidation, or
11:02
Speaker 9: further assault at the hands of a previous intimate partner.
11:05
Speaker 7: Under the changes, it will be hard of for religious
11:07
Speaker 7: perpetrators to get bail, and electronic monitoring will also be
11:11
Speaker 7: expanded to serious domestic violence offenders out on bail.
11:15
Speaker 10: Electronic monitoring is effective in reducing reoffending and reducing offending,
11:20
Speaker 10: so we should absolutely look at that. We should also
11:23
Speaker 10: be looking at significant investment in services for women who
11:27
Speaker 10: are at risk. We should be looking at early intervention,
11:30
Speaker 10: we should be looking at prevention, and we should be
11:32
Speaker 10: looking at those longer term behavioral change sort of and
11:36
Speaker 10: cultural change programs.
11:37
Speaker 7: The changes come after the death of Molly Ticehurst, the
11:41
Speaker 7: twenty eight year old mother was allegedly murdered by her
11:43
Speaker 7: former partner who was out on bail at the time.
11:48
Speaker 2: All right, for more on what we can expect in
11:49
Speaker 2: tonight's budget, we join our muscaw and his host chief
11:52
Speaker 2: election analyst Tom Connall. Well, Tom, a different set of
11:56
Speaker 2: numbers tonight. It's about the budget, not the sophology stuff
11:59
Speaker 2: you like to run us through. But let's get some
12:01
Speaker 2: top line budget numbers out there to set the scene.
12:04
Speaker 2: We'll start with some of the economic data. We've got
12:06
Speaker 2: a three trillion dollar economy now in Australia right now,
12:10
Speaker 2: our debts running at eight hundred and ninety two billion dollars.
12:13
Speaker 2: I want to put that into perspective. When John Hawn
12:16
Speaker 2: and Peter Costello paid off our national debt back then,
12:20
Speaker 2: they paid off ninety six billion dollars, so about a
12:23
Speaker 2: tenth of the dead burden as it stands tonight. We've
12:26
Speaker 2: already had that lead to this morning. We can expect
12:29
Speaker 2: tonight a nine billion dollar surplus. But after that surplus
12:33
Speaker 2: we're told it's deficits as far as the eye can see,
12:37
Speaker 2: meaning a lot of red ink.
12:38
Speaker 6: Tom, Yeah, there will be because there remains a structural deficit.
12:43
Speaker 6: Now to break that down, because your viewers will hear
12:46
Speaker 6: that term a lot. Basically, it means, if everything's normal,
12:49
Speaker 6: if we're getting a standard price in particular for the
12:51
Speaker 6: things we sell, including in particular iron or coal, things
12:55
Speaker 6: like this, we are in deficit in a normal year,
12:58
Speaker 6: where not this year because still getting a very high price.
13:01
Speaker 6: But the price of iron ore has been coming off,
13:04
Speaker 6: and that means in future years we're not expecting the
13:06
Speaker 6: rivers of.
13:07
Speaker 11: Gold to keep flowing.
13:08
Speaker 6: So nine billion dollars ceplus this year, twenty two billion
13:10
Speaker 6: dollars last year.
13:11
Speaker 12: They're good results. They don't happen automatically.
13:13
Speaker 6: But you've got to remember as well, labor could not
13:16
Speaker 6: have just spent the money as it came in.
13:18
Speaker 11: That would have added massively to inflation.
13:20
Speaker 6: There's already debate around what they're spending will do to inflation. Anyway,
13:24
Speaker 6: if they'd spend all the money well, there.
13:25
Speaker 11: Would be just widespread criticism throughout.
13:27
Speaker 6: So, yes, thirty billion dollars over the last two years,
13:30
Speaker 6: that's a positive result for the nation's budget. What we
13:33
Speaker 6: do know is there's going to be bigger deficits in
13:36
Speaker 6: forward estimates. We don't know yet the number, so that
13:38
Speaker 6: will be crucial.
13:39
Speaker 11: Peter.
13:39
Speaker 6: It was previously estimated to be seventy three billion over
13:42
Speaker 6: those latter three years. Now we'll get the next four years,
13:45
Speaker 6: so we're bracing for that figure to be even bigger.
13:47
Speaker 6: And think of some of that spending that only grows
13:50
Speaker 6: defense and the oes. These are the big ticket items
13:52
Speaker 6: that are going to grow the deficits in those years.
13:58
Speaker 2: And just ad it's called Tom's point there about a
14:00
Speaker 2: structural deficit. It's like you at home earning your wage,
14:04
Speaker 2: and from your wage not being able to pay your
14:06
Speaker 2: mortgage or your rent and put food on the table,
14:09
Speaker 2: all the things you normally have to spend over the year.
14:11
Speaker 2: The only way you could keep your head above water
14:14
Speaker 2: is to take a second job or to do extra
14:16
Speaker 2: over time. That's how tough as structural deficit is in
14:20
Speaker 2: household terms, and that's what we face as a country.
14:23
Speaker 2: Let's get into the budget detail. I mean, budgets are
14:26
Speaker 2: just a function like households revenue what we get in
14:31
Speaker 2: as money, and then expenditure what we spend. It's you know,
14:35
Speaker 2: politicians have to make it sound more complicated than that.
14:37
Speaker 2: It isn't in simple revenue terms, Tom running through our
14:41
Speaker 2: key income earners.
14:45
Speaker 6: Yeah, well, think of some of the things that I
14:47
Speaker 6: mentioned there that the crucial element is a lot of
14:50
Speaker 6: these parameters sort of slowly tick up, but it's the
14:52
Speaker 6: ones that balloon up. So think of the price we're
14:54
Speaker 6: getting for iron ore. So think of all of our
14:56
Speaker 6: exports and.
14:57
Speaker 11: How much they've been going up. They're huge earners.
15:00
Speaker 6: For iron ore, for coal also, though, Peter, at the moment,
15:03
Speaker 6: international education it's an export because students come here and
15:08
Speaker 6: pay us money from offshore.
15:09
Speaker 11: So it's weird to think of an export, but it is.
15:11
Speaker 6: Now there's some concern around whether or not that revenue
15:14
Speaker 6: will be hit as a cap coming at least a
15:17
Speaker 6: soft cap on international students. If you needs want to
15:19
Speaker 6: go beyond a certain level, they have to provide proof
15:22
Speaker 6: or extra.
15:23
Speaker 11: Accommodation for those students.
15:24
Speaker 6: We know how tight the rental squeeze has been and
15:26
Speaker 6: the concern arout immigration, So that's a balancing act for
15:29
Speaker 6: the government on that particular factor as well. So when
15:32
Speaker 6: we're looking at that particular element. One other thing I'll
15:35
Speaker 6: tell you is there was previous speculation of doubling the
15:38
Speaker 6: visa seven hundred and ten dollars you pay just for
15:41
Speaker 6: the application for a visa to come here as an
15:43
Speaker 6: international student. There was widespread speculation that was going to double,
15:47
Speaker 6: and it's already in some cases twice the level of
15:49
Speaker 6: countries such as New Zealand where we're competing with. It
15:52
Speaker 6: seems as though that the government might have been scoop spooked.
15:55
Speaker 11: I'm not sure.
15:56
Speaker 6: We never know what's in the document until it is,
15:57
Speaker 6: but they're not going ahead with that was the latest
16:00
Speaker 6: information we were getting on that. Of course, the big
16:03
Speaker 6: ticket items are the tax we bring in as well,
16:06
Speaker 6: and if you think about the tax we're getting, we
16:08
Speaker 6: are so reliant on income tax skills. So yes, the
16:11
Speaker 6: tax cuts Stage three, the rework labour ones coming in,
16:14
Speaker 6: but we're still getting a massive amount from income tax
16:17
Speaker 6: because bracket creep has been on steroids lately with inflation
16:20
Speaker 6: contributing to higher wages, and we still get about double
16:24
Speaker 6: the amount of income tax, more than three hundred billion dollars.
16:27
Speaker 12: Compared to company tax one hundred and fifty.
16:28
Speaker 6: Five billion dollars, and that is way out of wack
16:31
Speaker 6: compared to other OECD countries.
16:33
Speaker 11: So we're still.
16:34
Speaker 6: Highly reliant on slugging workers' income tax to make the well,
16:39
Speaker 6: the budget's not it's adding up this year, it doesn't
16:41
Speaker 6: add up most years in future years. So I'm not
16:43
Speaker 6: going to say to make it add up, but to
16:44
Speaker 6: just get it close at least.
16:48
Speaker 2: So if you feel at home you're doing the heavy
16:50
Speaker 2: lifting and business is not, you're absolutely right. That's born
16:53
Speaker 2: out in the budget. In terms of expenditure, we've got
16:55
Speaker 2: some big ticket portfolios. You mentioned before that the structural said,
17:00
Speaker 2: there's also structural spending in those portfolios. I mean, if
17:04
Speaker 2: you get to pension age and you're entitled to a pension,
17:07
Speaker 2: whether the government's budgeted for it or not, you will
17:10
Speaker 2: get one. So these are the things that you can
17:13
Speaker 2: only really curtail spending in these big portfolios if you
17:16
Speaker 2: are politically prepared to take things off people. I think
17:21
Speaker 2: more and more time we're not prepared to do that.
17:23
Speaker 2: Run us through those portfolios.
17:27
Speaker 6: The biggest one by far as the Ndies Peter, this
17:30
Speaker 6: has blown out by tens of billions a year in
17:33
Speaker 6: the latest forecast by.
17:34
Speaker 11: The year twenty thirty.
17:35
Speaker 12: And the issue here is mainly who's on it.
17:38
Speaker 6: Initially it was meant to be people with a severe
17:40
Speaker 6: and permanent disability. We've seen the reality be a lot
17:43
Speaker 6: more people in some staggering stats about how many young boys,
17:46
Speaker 6: for example.
17:47
Speaker 11: Are on the NBIES.
17:48
Speaker 6: Now the governments has said it wants to rain that in,
17:51
Speaker 6: but it's a very slow process. By twenty twenty five
17:54
Speaker 6: they want to reduce the increase annually to eight percent.
17:57
Speaker 6: That's not cutting it by eight percent, that's the increase annually.
18:00
Speaker 8: So that's how.
18:01
Speaker 6: Slowly they're planning on turning that. The NDAA is ship
18:04
Speaker 6: around if you like. So there's a huge increase there.
18:06
Speaker 6: There is a big increase in defense, but intriguingly not
18:09
Speaker 6: in the forward estimates. Most of the spending there is
18:12
Speaker 6: going out over the ten years because they're delaying or cutting.
18:15
Speaker 11: Projects in the short term.
18:16
Speaker 6: There's been some criticism and the coalition on that because
18:18
Speaker 6: supposedly we need to be ready in the short term
18:21
Speaker 6: for a conflict with China or similar and yet most
18:25
Speaker 6: of the spending is over that.
18:26
Speaker 11: Ten year period.
18:27
Speaker 6: Think of other things, though, we've got childcare, massive increases
18:30
Speaker 6: the childcare pay which the government's footing age care is
18:33
Speaker 6: the same as well.
18:33
Speaker 12: A decision recently in those areas where you're.
18:35
Speaker 6: Talking about pay increases of twenty five percent, and as
18:38
Speaker 6: either parents or the government that pays for that, the
18:41
Speaker 6: center say they're sort of running at the margins anyway.
18:43
Speaker 12: And there's also a new hospital agreement.
18:45
Speaker 11: Will that be.
18:46
Speaker 6: Fact that in tonight for example, because that's something the
18:49
Speaker 6: government needs to strike in the future, and you could
18:51
Speaker 6: be talking of billions of the dollars extra there given
18:54
Speaker 6: where health inflation is at.
18:59
Speaker 2: I'll go just abother tip, but just before we do
19:01
Speaker 2: the last thing that I'm going to focus on, and
19:03
Speaker 2: I'll look very carefully at this tonight, given how close
19:06
Speaker 2: we are to a potential federal election. This hollow log
19:11
Speaker 2: decisions taken, not yet announced. It's where governments agree money
19:16
Speaker 2: in the room at the Expenditure Review Committee of Cabinet.
19:19
Speaker 2: They park the money in there. They know what they're
19:21
Speaker 2: likely to spend it on. It'll be an election pork barrel.
19:24
Speaker 2: We don't know yet. But the biggest indication if they're
19:27
Speaker 2: preparing to go early, will be how much money is
19:31
Speaker 2: sitting there in those line items where we're given no detail,
19:34
Speaker 2: isn't it Tom exactly?
19:37
Speaker 6: If that's massive, then as you allude to the government's thinking, hey,
19:41
Speaker 6: maybe we won't have another budget as expected next year
19:44
Speaker 6: in March or April. As has become almost the strange
19:47
Speaker 6: new normal in politics in Canberra because of the electual cycle.
19:51
Speaker 6: It's sort of come do a last quick budget before
19:54
Speaker 6: an election.
19:54
Speaker 11: So that's really big.
19:55
Speaker 6: If that's tens of billions of dollars, that might be
19:58
Speaker 6: a factor.
19:58
Speaker 12: I'll just say as well, we are.
20:01
Speaker 6: We do understand that there's going to be both rent
20:04
Speaker 6: another increase in the Colmworth rental allowance was not a
20:07
Speaker 6: big surprise, but also an energy rebate to miss one
20:10
Speaker 6: is going to go to every single Australian and about
20:13
Speaker 6: a million small businesses.
20:14
Speaker 11: Now what's different about.
20:15
Speaker 6: That is previously it was half half with the States
20:18
Speaker 6: and it was people basically on welfare payments, so younger
20:22
Speaker 6: people on new start, older people, pensioners.
20:24
Speaker 11: But this time it's going to every single household.
20:26
Speaker 6: That makes it expensive and it will obviously bring down
20:32
Speaker 6: headline inflation. What's fascinating about that, and this whole debate
20:35
Speaker 6: is wels it brings down headline inflation.
20:38
Speaker 12: The RBA, when it talks about rate cuts.
20:40
Speaker 6: It looks at the trimmed means. So if it sees,
20:42
Speaker 6: for example, rent and energy going quite a way down
20:45
Speaker 6: in terms of inflation, but they know that that's a
20:47
Speaker 6: temporary subsidy. They're not just going to go great inflation
20:51
Speaker 6: is done, we're going.
20:52
Speaker 11: To instigate a rate cut.
20:54
Speaker 6: So it's possible that Jim Charmers and Treasury are right
20:57
Speaker 6: on headline inflation. But we still don't see that rape
21:00
Speaker 6: cuts because the trimmed mean hasn't actually come down.
21:06
Speaker 2: And of course when they're lowing commerners and they're getting
21:08
Speaker 2: that extra bit of money there for rent assistance, they'll
21:10
Speaker 2: spend it, which is the inflation rey worry the Reserve
21:13
Speaker 2: Bank has that the treasure says is not real. We'll
21:15
Speaker 2: see what happens. Tom, Thank you as always, Good luck
21:17
Speaker 2: with budget night. I know you will be busy and
21:19
Speaker 2: we'll talk to you just before we go to the
21:20
Speaker 2: treasurer a little later in the show. All right. The
21:22
Speaker 2: federal government is considering a move to a civil alternative
21:27
Speaker 2: for rape criminal trials. It's a move that would see
21:30
Speaker 2: the standard of proof lowered from beyond reasonable doubt, which
21:33
Speaker 2: is the criminal standard, to the civil standard, which is
21:36
Speaker 2: balance of probabilities. The suggestion comes from members of an
21:39
Speaker 2: advisory group set up by the Attorney General who also
21:42
Speaker 2: want to crack down on inappropriate They call it defense
21:46
Speaker 2: questioning in rape trials and the introduction of specialist sexual
21:50
Speaker 2: assault courts. Now it's a dangerous precedent, so says some experts.
21:54
Speaker 2: One of those joining me now the Australian's Legal affairs
21:57
Speaker 2: contributor Chris Merit. Chris, Presumably, rape would still remain a crime,
22:04
Speaker 2: but it wouldn't be dealt with to the criminal trial standard.
22:09
Speaker 2: So how's that supposed to work?
22:12
Speaker 13: Badly? Rape is far far too serious to be treated
22:19
Speaker 13: in such an appalling manner as to lower the standard
22:23
Speaker 13: to the civil standard. Rape is a very serious offense
22:28
Speaker 13: and it needs to be to remain to be treated
22:31
Speaker 13: like that. Lowering it to the civil standard it equates
22:35
Speaker 13: it with relatively trivial offenses, and that sends exactly the
22:40
Speaker 13: wrong signal to perpetrators and also to people the victims
22:46
Speaker 13: of sexual assault. This is completely wrong headed. It tends
22:52
Speaker 13: to equate the ability to secure a conviction with justice.
22:58
Speaker 13: You can lower the standard of proof and lower the
23:00
Speaker 13: rules all you like, but it would raise doubts about
23:06
Speaker 13: those who are convicted. It would there'd always be a
23:10
Speaker 13: question mark about whether they really are guilty. Of this offense,
23:14
Speaker 13: or whether they've been subjected to such a watered down
23:20
Speaker 13: law that it would cease to have much deterrent effect.
23:26
Speaker 2: Yeah, I'm old enough to remember as a law's gin
23:29
Speaker 2: when rape inside marriage was not considered rape. Chris and
23:34
Speaker 2: feminist lawyers and women and a lot of men to
23:37
Speaker 2: fought for it to be considered or determined as rape
23:42
Speaker 2: whenever it occurs, and it was such an achievement to
23:45
Speaker 2: get that criminal standard. I can't understand why you give
23:48
Speaker 2: that away.
23:49
Speaker 13: Yeah, Look, this debate is completely wrongheaded. It's not an
23:54
Speaker 13: argument between complainants and defendants. It's an argument about should
24:03
Speaker 13: the state take very seriously these accusations. It's a matter
24:08
Speaker 13: for the state, not not for complainants, to secure a
24:12
Speaker 13: victory in court. We're we're talking about criminal justice putting
24:16
Speaker 13: someone inside for a period of years, and if you're
24:20
Speaker 13: going to do that, it must be beyond all reasonable doubt.
24:25
Speaker 13: This balance of probabilities nonsense. For that test is not
24:31
Speaker 13: good enough to lock people up. And it also from
24:34
Speaker 13: the perspective of complainants, it's just completely wrongheaded. Complainants need
24:42
Speaker 13: to have the certainty and need to be able to
24:45
Speaker 13: show the world that beyond reasonable doubt they were the
24:49
Speaker 13: victim of a sexual assault and this is heading in
24:52
Speaker 13: the wrong direction.
24:55
Speaker 2: What can you tell me about this issue with wal
24:58
Speaker 2: to soften off because now I mean he of course
25:00
Speaker 2: was the lawyer expert to looked into the trial of
25:07
Speaker 2: Bruce Lhem and the ACT rape trial, that the abandoned
25:10
Speaker 2: rape trial. He's now before the Act Integrity Commissioner allegations
25:16
Speaker 2: that he leaked copies of his report to the media.
25:21
Speaker 2: It's a corruption investigations, pretty serious. What can you tell us.
25:25
Speaker 13: I'm very troubled by this. On the face of things,
25:30
Speaker 13: it looks like forum shopping the Inquiries. The Integrity Commission
25:36
Speaker 13: in the Act can receive referrals from anybody. We don't
25:40
Speaker 13: know who referred this to the Integrity Commission, but I
25:44
Speaker 13: make this point. In August last year, the Chief Minister
25:48
Speaker 13: of the Act accused mister Sofronoff of breaching the Inquiries
25:54
Speaker 13: Act by leaking his report on an embargoed basis to
25:58
Speaker 13: a couple of journalists. He said he was going to
26:01
Speaker 13: take legal advice. It's a criminal offense under the provision
26:06
Speaker 13: he outlined. There's been nothing heard since then, so presumably
26:12
Speaker 13: if he did take legal advice, it didn't result in
26:15
Speaker 13: proceedings in a criminal court. Now the inquiry by the
26:21
Speaker 13: Integrity Commission is going to examine exactly the same accusation
26:26
Speaker 13: that did not give rise to criminal proceedings, but it
26:30
Speaker 13: would be again on a lower standard of proof, and
26:34
Speaker 13: this vague test of corruption is what the Integrity Commission
26:40
Speaker 13: will apply. So I'm very worried about this, and I expect,
26:46
Speaker 13: I hope that next month when mister Sofronoff addresses the
26:51
Speaker 13: annual Dinner of the Rule of Law Institute, that his
26:55
Speaker 13: address on the rule of Law hopefully will cover some
26:58
Speaker 13: of this, because the way it looks to me, it
27:02
Speaker 13: raises doubts about whether the criminal law of the Act
27:06
Speaker 13: is a guide as to what you can and cannot do.
27:11
Speaker 13: If mister Sofronoff complied with the law the Inquiries Act,
27:16
Speaker 13: and there's no evidence there no accusation that he didn't.
27:19
Speaker 13: In fact, the lack of action by the authorities to
27:24
Speaker 13: bring criminal proceedings against him suggests strongly that he did
27:29
Speaker 13: not breach any law. But he finishes up in front
27:32
Speaker 13: of this lower inquiry on a lower standard of proof.
27:36
Speaker 13: I'd like to know who referred him to the Commission.
27:40
Speaker 13: I'm very worried about it.
27:44
Speaker 2: Let me ask you about the drama at the trial
27:46
Speaker 2: of accused former Islamic state terrorist Neil Prakash. He's facing
27:50
Speaker 2: six terror related offenses in Australia. The courts cert evidence
27:54
Speaker 2: from two of his former acquaintances who described how he
27:57
Speaker 2: first became enticed by extreme view. Who's promoted it a
28:00
Speaker 2: controverse your mosque in Melbourne's southeast, now, Chris, we keep
28:05
Speaker 2: hearing some not all, not all Moss, but plenty of
28:09
Speaker 2: them are promoting hate speech. So I've got to ask you,
28:13
Speaker 2: given the laws we have in this country against it,
28:16
Speaker 2: given what we've seen with the allegations of radicalized teenagers
28:20
Speaker 2: in the recent weeks and months, why on earth is
28:24
Speaker 2: it more being done?
28:26
Speaker 13: Because the laws are miss That's it in a nutshell,
28:30
Speaker 13: at least in New South Wales. See, the men's government
28:34
Speaker 13: has tried a couple of times to fix up the
28:37
Speaker 13: law on the law covering the most serious aspect here
28:42
Speaker 13: and this is incitement to violence, incitement to racial or
28:46
Speaker 13: religious violence. They've got an inquiry going, but federally and
28:50
Speaker 13: this is the law that covers everybody. The law is
28:53
Speaker 13: an atrocious miss there are, on the face of things,
28:57
Speaker 13: provisions in the Criminal Code that cover incitement to racial
29:05
Speaker 13: and religious violence and cover encouraging or praising terrorism. But
29:10
Speaker 13: there's also this mad provision, this mad defense, which actually,
29:17
Speaker 13: in my view makes the law unworkable. It's a good
29:20
Speaker 13: faith defense. The way it works is, yes, you can
29:24
Speaker 13: be found to have incited racial or religious violence, or
29:28
Speaker 13: to have encouraged or praised acts of terrorism, but if
29:33
Speaker 13: you argue and prove that you did so in good faith,
29:39
Speaker 13: that's it. There's no possibility of a conviction.
29:41
Speaker 2: Now.
29:42
Speaker 13: I haven't seen any move by the Commonwealth to review
29:47
Speaker 13: the Criminal Code and try and tighten up this law
29:51
Speaker 13: in much the same way that the Men's government in
29:54
Speaker 13: New South Wales is trying to get things in order.
29:58
Speaker 13: There's been no prosecut puts, no one's been arrested, and
30:02
Speaker 13: we've definitely seen incitement from mosques, particularly in Sydney. You've
30:08
Speaker 13: just got to go onto YouTube and you can see
30:10
Speaker 13: evidence of it. But there's been no.
30:11
Speaker 2: Oh yeah, yeah, don't you worry. The laws absolutely, Chris
30:18
Speaker 2: will leave it there. We'll come back to this one.
30:19
Speaker 2: I'm sure. It's a big theme. It's part of the
30:22
Speaker 2: big problem we've got in this country the moment Chris Merrit,
30:24
Speaker 2: thank you are right after break. Why, contrary to what
30:27
Speaker 2: Labour's saying, record immigration numbers are at the core of
30:30
Speaker 2: their budget bottom line. That's why more stays to be
30:33
Speaker 2: following New South Wales lead when it comes to bail laws.
30:37
Speaker 2: More than that a bit later, welcome back still to
30:44
Speaker 2: come proof that if governments want to, they can change
30:47
Speaker 2: bail laws or credit to New South Wales in this regard,
30:50
Speaker 2: it's now beyond time for the other states to follow suit.
30:54
Speaker 2: But first for all labors talk about reducing immigration numbers,
30:58
Speaker 2: we're in fact heading in the opposite directtion with record
31:01
Speaker 2: immigration ostensibly making tonight's budget look in much better shape
31:05
Speaker 2: than it actually is. The reality is, of course we're
31:08
Speaker 2: in a per capitat recession. In fact, there's been four
31:12
Speaker 2: quarters now of negative growth. The Prime Minister Alan radio
31:16
Speaker 2: this morning claiming though he's got a plan.
31:19
Speaker 9: Are you going to Tho's promise?
31:21
Speaker 14: Are you going to cut immigration next year in the
31:23
Speaker 14: year after and if so.
31:24
Speaker 11: By how much?
31:25
Speaker 15: Yes, we are. We want to bring it down to
31:27
Speaker 15: a round about half of where it peaked. You'll see
31:31
Speaker 15: a range of measures in tonight's budget aimed at doing that,
31:36
Speaker 15: including a clamp down on integrity issues when it comes
31:40
Speaker 15: to higher education, that's really important.
31:45
Speaker 2: From one of this, I'm joined now by former Deputy
31:46
Speaker 2: Prime Minister Barnaby Joyce, Well Barnaby and the Prime Minister
31:50
Speaker 2: doesn't take a trick. He talks there about bringing it
31:53
Speaker 2: down from about down to about half where it is now. Well,
31:57
Speaker 2: that'll take it down to about two hundred and fifty thousand.
32:00
Speaker 2: Isn't a year. The previous record ever in Australia's history
32:04
Speaker 2: was under Kevin Rudd, was two hundred and thirty thousand.
32:08
Speaker 2: So he's still even if he halves it, keeping it
32:12
Speaker 2: at absolutely record highs.
32:17
Speaker 16: Well, he said he has a cunning plan. He sounds
32:21
Speaker 16: like Baldrick. He's got a very cunning plan and a
32:23
Speaker 16: very bad situation. But you know the Prime Minister of
32:27
Speaker 16: our day with the cunning plan. Man in the last
32:30
Speaker 16: twelve months about five hundred and ninety nine thousand, three
32:33
Speaker 16: hundred and seventy students came in. We've got if he
32:38
Speaker 16: cuts it down even immigration down to two hundred and
32:40
Speaker 16: fifty thousand. Where the houses for these people, where the schools,
32:45
Speaker 16: where the new dams?
32:47
Speaker 2: Where are the hospitals.
32:49
Speaker 16: See people just think that people come in, but you
32:51
Speaker 16: actually got to provide not only the houses, but the
32:53
Speaker 16: infrastructure to back it up. In the meantime, homelessness is
32:56
Speaker 16: making its way to Bunderberg and Tamworth. We see people
32:59
Speaker 16: sleeping rough areas we've never seen it before. People who
33:03
Speaker 16: are literally a good people, decent people, got a job,
33:06
Speaker 16: living in their car. Don't the Australians come first and
33:11
Speaker 16: all this, I mean, what's happened to that we're ignoring
33:15
Speaker 16: and the people are being hurt? Are the poorest people?
33:17
Speaker 11: The same people's hurting with.
33:19
Speaker 16: His cultish attachment to renewables and the power prices that
33:23
Speaker 16: people that have been inflicted on people is now inflicting
33:26
Speaker 16: on and the housing market. There's no other way you
33:29
Speaker 16: can do it. We can't build the houses. We don't
33:30
Speaker 16: have the tradesmen, we don't have the we don't have
33:32
Speaker 16: the materials. And we've got a government with a cunning plan.
33:40
Speaker 2: Just as the international students routinely we have about nine
33:44
Speaker 2: to fifteen thousand of them per month try and move
33:48
Speaker 2: from a student visa to head the way of Australian citizenship.
33:51
Speaker 2: Well back in March, just the other month, it hit
33:54
Speaker 2: thirty five thousand. So they are watching and listening to
33:58
Speaker 2: this whole debate about immigrant being too high, and they're
34:02
Speaker 2: desperate to get their paperwork in. Should there be any change,
34:06
Speaker 2: but Labor today call them soft caps, these caps that
34:09
Speaker 2: they will bring in to curb the numbers of international students.
34:14
Speaker 2: You know, you know how the numbers work in a budget,
34:16
Speaker 2: given how much their bottom line is dependent on very
34:20
Speaker 2: high immigration. Do you believe Labor.
34:24
Speaker 5: Well, I mean, look look at the skill level here.
34:27
Speaker 11: We've got.
34:29
Speaker 16: Minister Giles and Claaria O'Neil and the cunning plan Man,
34:34
Speaker 16: Prime Minister alb and easy. Truly, these are the same
34:38
Speaker 16: people who promise you are two hundred and seventy five
34:40
Speaker 16: dollars reduction in your power bill. And the only thing
34:43
Speaker 16: you've got to ask yourself the only thing. It's going
34:44
Speaker 16: to get so complicated now there's going to be figures
34:47
Speaker 16: going here, there and everywhere, and every person who's got
34:50
Speaker 16: a tongue is going to give an opinion. Ask yourself
34:52
Speaker 16: this question, are you better off or worse off than
34:56
Speaker 16: when the Labor Party came to power, Because that is
35:00
Speaker 16: the truth of the matter. If you think you're better
35:01
Speaker 16: off great. If you think you're worse off, well it's
35:04
Speaker 16: the cunning plan man. You've got to put the blame
35:07
Speaker 16: at his feet.
35:10
Speaker 2: Swagan is a true accountant. You know that the devil
35:13
Speaker 2: is in the detailed barnaby, and they deliberately design a
35:16
Speaker 2: lot of the budget papers hard to navigate. They bury things.
35:20
Speaker 2: We know there's all these decisions taken, not yet announced.
35:23
Speaker 2: It's all funny money. One thing I will look at
35:26
Speaker 2: closely tonight beyond immigration, I'm how I look at the
35:29
Speaker 2: money contingency reserve. Yes, I look there too, and what's
35:33
Speaker 2: off budget, et cetera. But I will look at the
35:35
Speaker 2: money they're putting into aerial surveillance in immigration, because that
35:39
Speaker 2: was heavily cut. We've had three boats now in the
35:42
Speaker 2: last few days. This is the problem. You have to say,
35:48
Speaker 2: looking at these numbers, the people smugglers are back in game,
35:52
Speaker 2: aren't They're back in business?
35:55
Speaker 16: Well without six and six months you've had a massive
35:58
Speaker 16: cut to border force and surprise, surprise, I mean they're
36:02
Speaker 16: making a decision about how good the cunning plan man
36:06
Speaker 16: and the budget is. They're making a decision. They've said overseas,
36:09
Speaker 16: I think we've got a chance here and we go
36:11
Speaker 16: and they said, well, what do you base that on?
36:12
Speaker 16: I said, do you know in Australia they even let
36:15
Speaker 16: the criminals out, the rapists, the murderers, the people, all
36:19
Speaker 16: these criminals day should kicked them out on the street.
36:22
Speaker 2: This is great.
36:22
Speaker 16: You have to have a chance ducking down under for
36:25
Speaker 16: a pawn on the barbie.
36:26
Speaker 5: Now, let's jump in a boat and go.
36:31
Speaker 2: I want to laugh, but I can't laugh because it's
36:33
Speaker 2: so true. And of course once are here, not only
36:35
Speaker 2: would you let the criminals out, Barnaby Joyce, we put
36:37
Speaker 2: them all on welfare and we find them a hotel
36:39
Speaker 2: or a motel to stay in. I'll leave it there.
36:41
Speaker 2: Good luck with Budget Night. I'll keep movie. Thank you,
36:44
Speaker 2: Barnaby Joyce. Let's bring my pen on our former Liberal
36:47
Speaker 2: MP now candidate for Boothby and South Australiana, Kole Flin
36:51
Speaker 2: and Paul and Hanson's chief of staff himself a candidate
36:53
Speaker 2: in the upcoming Queensland state election, James Ashby. Welcome to
36:57
Speaker 2: you both, James, Budget Night. What will you be looking
36:59
Speaker 2: for when you get your hands on the books.
37:03
Speaker 17: Well, I'm keen to see what they've done with the
37:04
Speaker 17: NDS for two years now, this government have made promises
37:07
Speaker 17: that they're going to tackle those people who are ruling
37:10
Speaker 17: the system, certainly the fees and charges that have been
37:13
Speaker 17: applied to those who receive the benefits of NDIS, and
37:17
Speaker 17: of course those who are applicable or legally able to
37:22
Speaker 17: make application for NDIS. So their budget figure should tell
37:26
Speaker 17: us whether they're serious about those crackdowns this year, because
37:30
Speaker 17: don't forget they've been in government for two years.
37:32
Speaker 12: This will be their last budget before the next election.
37:35
Speaker 17: I'm also keen to see how much money they've dedicated
37:37
Speaker 17: towards Queensland, because I think they'll be trying to help
37:40
Speaker 17: Stephen Miles here buy votes of Queenslanders by trying to
37:44
Speaker 17: put forward this sense that they're spending money in the
37:47
Speaker 17: state and it's all labor, whether or not we'll have
37:50
Speaker 17: money allocated for dams this year or not, because it
37:53
Speaker 17: was Anthony Albertezi and Labor that took all the dams
37:56
Speaker 17: off the table when they came to government. And of
37:58
Speaker 17: course I want to see the Labor followed through on
38:01
Speaker 17: their commitment for a Royal commission into COVID.
38:05
Speaker 8: They've got a year to do it.
38:06
Speaker 17: We'll see if they'll make that announcement tonight as well.
38:11
Speaker 2: Nick, what are you going to be looking for Because
38:12
Speaker 2: one of the questions I posed at the top of
38:14
Speaker 2: the show is the government's going to take money out
38:16
Speaker 2: of our pocket to try and buyas back and get
38:19
Speaker 2: our vote to the next election. I mean question to you,
38:22
Speaker 2: what will you look for in the budget tonight? And
38:24
Speaker 2: do you think Australians can be bought off?
38:29
Speaker 18: I don't think they can be bought off, Peter. And
38:32
Speaker 18: what I'm looking for is the big picture. How will
38:36
Speaker 18: this budget get cost of living under control? Because my
38:40
Speaker 18: community is hurting here, people are hurting all over Australia
38:44
Speaker 18: and this is because of Labour's home grown inflation. We
38:48
Speaker 18: have to make sure that the economy is growing faster
38:52
Speaker 18: than spending. So I'm looking for the big picture. Are
38:55
Speaker 18: Labor going to get it spending issues under control? Because
38:58
Speaker 18: I bet that they're not. And we will know in
39:01
Speaker 18: coming months whether inflation starts to drop or whether the
39:06
Speaker 18: poor old Reserve Bank will have to put up rates
39:09
Speaker 18: again to try to keep it under control because Labor
39:12
Speaker 18: has not been holding up their end of the bargain,
39:15
Speaker 18: which is trying to get their inflation under control. And
39:19
Speaker 18: Peter in the last two years they've added the federal
39:23
Speaker 18: Labor Government added something like two hundred and nine billion
39:26
Speaker 18: dollars of extra spending. It's out of control. They have
39:30
Speaker 18: to get it under control, but I don't think they will. So,
39:33
Speaker 18: as I said, I'm looking for the big picture. What
39:35
Speaker 18: does this mean for cost of living and making life
39:38
Speaker 18: easier for my local residents and people all over Australia.
39:44
Speaker 2: James all credit today to the Labor government in New
39:47
Speaker 2: South Wales. They're bringing in tough new bail reforms. It
39:51
Speaker 2: will be supported by the Coalition, so presumably they'll get
39:54
Speaker 2: through the Parliament pretty quickly. There will be a presumption
39:57
Speaker 2: against bail for those accused of serious domestic violence. It
40:00
Speaker 2: means they'll have to demonstrate why it's safe to be
40:04
Speaker 2: let out. If they can't prove or can't convince the magistrate,
40:07
Speaker 2: they'll stay locked up, as they should. But we also
40:10
Speaker 2: more use of electronic monitoring. I hope it's not like
40:13
Speaker 2: the detainees that have been let out. It's been a
40:15
Speaker 2: fast but it's about time, isn't it. Yeah, it is.
40:21
Speaker 17: I'd love to have the contract for those electronic monitoring
40:24
Speaker 17: devices because I think there's going to be a lot
40:26
Speaker 17: of people seen on the streets wearing these things moving
40:29
Speaker 17: forward in New South Wales. Look, the problem for New
40:32
Speaker 17: South Wales is whether they've got capacity in our prisons
40:35
Speaker 17: to actually lock up these serious offenders, especially repeat offenders
40:39
Speaker 17: of domestic violence. There's got to be some protection for
40:42
Speaker 17: those people who are suffering from domestic violence.
40:45
Speaker 11: It's not good enough that we.
40:47
Speaker 17: Let these people out and months later or days later,
40:50
Speaker 17: in some cases they commit the most heinous of crimes
40:54
Speaker 17: where in the end apartment eyes and that's got to stop.
40:57
Speaker 17: So well done to New South Wales for stepping up.
41:01
Speaker 2: Hey, Nicole, it's been revealed today city is gay and
41:03
Speaker 2: lesbian Mardi Gras Parade required over a million dollars in
41:07
Speaker 2: bailout funds from the City of Sydney. It needs that
41:10
Speaker 2: money if it's going to stay afloat. They're also going
41:13
Speaker 2: to having the conversation. They're going to wind it back
41:15
Speaker 2: in terms of scale next year. It begs a question, now,
41:19
Speaker 2: given gay marriage is legal, has this event had its day?
41:26
Speaker 18: Well, Peter, I think that it's very simple what's going
41:29
Speaker 18: on here. Like states and federal labor governments, they just
41:33
Speaker 18: don't know how to manage their money and they need
41:35
Speaker 18: to rain in their spending.
41:39
Speaker 2: All right, just a quick one for you, James asked
41:42
Speaker 2: before we go, Can you believe that the unions were
41:45
Speaker 2: trying to I mean, this is the CFMU millions and
41:48
Speaker 2: millions of dollars in the coffer. They were trying to
41:51
Speaker 2: sting employers for where the union delegate was located at
41:56
Speaker 2: work to pay for their iPads. Surely they can pay
41:59
Speaker 2: for their own iPads.
42:01
Speaker 17: Oh no, I should have thrown in a tesla while
42:03
Speaker 17: you're at it. This is the lunacy of the unions.
42:07
Speaker 17: I have been a business owner, thankfully I never had
42:09
Speaker 17: a unionized workplace because it would have rubbed me the
42:12
Speaker 17: wrong way, having to let anybody into my business that
42:15
Speaker 17: I didn't want their number one, let alone them dictate
42:18
Speaker 17: the terms of my business. So I say, this is
42:21
Speaker 17: a good determination that's been handed down today.
42:24
Speaker 15: Well done.
42:24
Speaker 17: This is a victory for the small business owner.
42:28
Speaker 5: Yeah.
42:29
Speaker 2: I'll be looking for the budget to help there for
42:31
Speaker 2: small business. Tonight. We haven't had much talk about small
42:33
Speaker 2: business from labor. Enjoy budget nights to the both of you.
42:36
Speaker 2: We'll catch up with you next week after break. What
42:38
Speaker 2: can be done with so many remaining silent as racism
42:41
Speaker 2: grows across our university campuses. Be wary of this new inquiry.
42:46
Speaker 2: Plus why you won't believe the PM's response In Parliament
42:49
Speaker 2: to day, he was asked why he hasn't picked up
42:51
Speaker 2: the phone and rung President ge It then took a
42:55
Speaker 2: cheap shot at Andrew Hasty. I'll show you after break.
43:04
Speaker 2: Welcome back. At tensions high. Israel looks set to go
43:07
Speaker 2: ahead with his invasion of Rafa, with considerable pushback now
43:10
Speaker 2: from the United States. We'll get to that. We'll get
43:12
Speaker 2: the latest on Trump and Biden, but first I want
43:15
Speaker 2: to return to the growing abandonment this government has shown
43:17
Speaker 2: for Israel. Voting yes at the UN meant favoring a
43:21
Speaker 2: terrorist statelet shunning an ally and ending almost eight years
43:26
Speaker 2: of bipartisan eight decades. Beg your pardon of bipartisan support
43:29
Speaker 2: for more on this. I'm joined now by Skynees contributor
43:32
Speaker 2: Chris Yelman. Chris, we'll get into adding Semitism here at
43:36
Speaker 2: home in a moment. But what did you make of
43:39
Speaker 2: that vote at the UN.
43:43
Speaker 19: Or Peter that the Labor Party is moving further and
43:45
Speaker 19: further from its historic support of the state of Israel.
43:48
Speaker 19: Let's not forget that it was a Labor government and
43:51
Speaker 19: it was led by its External Affairs Minister Doc Everittt
43:54
Speaker 19: at the time, who was a President of the General Assembly,
43:56
Speaker 19: who voted for the partition of the state so that
43:59
Speaker 19: Israel could emerge, And so that was the Labor Party's
44:03
Speaker 19: original position. It's shifted a lot since then. I think
44:06
Speaker 19: you've seen this drift in the Labor Party at its
44:08
Speaker 19: national conferences since about two thousand and six, where this
44:11
Speaker 19: question continually comes up. I think where we stand at
44:13
Speaker 19: the moment is pretty much where the base of the
44:17
Speaker 19: Labor Party, its membership stands, and much of its caucus stands,
44:19
Speaker 19: which is essentially pro Palestine. Now the government can make
44:22
Speaker 19: an argument that what it was trying to do was
44:24
Speaker 19: saying it's affirming the two state solution. But let's not
44:27
Speaker 19: kid ourselves. This is rewarding her mass, because we wouldn't
44:31
Speaker 19: be having this vote if October seven hadn't happened.
44:36
Speaker 2: Look, given now, Labour chooses its leader with a heavy
44:42
Speaker 2: vote from the party membership, and that point you make
44:44
Speaker 2: there about where the membership has shifted. Someone said to
44:47
Speaker 2: me a Labor inside and not so long ago, the
44:49
Speaker 2: days of the Labor Right ever, being leader gone for
44:53
Speaker 2: all money. Do you think that's a fair comment.
44:57
Speaker 19: Well, certainly the Labor Right seems to been hollowed out
45:01
Speaker 19: a lot. And in terms of support for Israel, I
45:04
Speaker 19: think you can now count the Victorians as still supporting
45:06
Speaker 19: the State of Israel on the right, that is, of
45:08
Speaker 19: course certainly not on the left. But in Queensland and
45:11
Speaker 19: New South Wales, I think they couldn't have justed further
45:14
Speaker 19: from the state. And one of those reasons in New
45:16
Speaker 19: South Wales of course is the large Muslim voting populations
45:20
Speaker 19: in some of those seats in Western City which they
45:23
Speaker 19: rely on so much. So part of it is the
45:25
Speaker 19: political gravity that they see which is drawing them in
45:28
Speaker 19: that direction.
45:31
Speaker 2: Look, we'll put Jennifer Westercott to one side. And now
45:34
Speaker 2: obviously today Deacon UNI, they're going hard after these pro
45:37
Speaker 2: palacedin in encampments they're called now on campus. But now
45:42
Speaker 2: I'm a Melbourne Union graduate and a and U graduate.
45:44
Speaker 2: I've been appalled at the lack of tika from our
45:47
Speaker 2: university leadership right around the country rotesters today that they
45:52
Speaker 2: say that they're not going to back down, that they'll
45:54
Speaker 2: keep these encampments running have a listen, we will.
45:58
Speaker 20: Not be complying with their and instead we're calling a
46:02
Speaker 20: rally to defend our encampment. Well, we've seen across the
46:05
Speaker 20: United States is that when police are brought in to
46:08
Speaker 20: smash up student protests, the student protests grow more and
46:11
Speaker 20: more people flock to our cause. So that's a warning
46:14
Speaker 20: for Dicken is that if they do bring in the police,
46:16
Speaker 20: they can expect the protest to expand, to grow, and
46:20
Speaker 20: to become stronger.
46:23
Speaker 2: We had reports too at A ANDU there was a
46:26
Speaker 2: pro Palestinian online zoom and someone there performed a Nazi salute.
46:33
Speaker 2: I want to know that the A and US chancellor. Well,
46:35
Speaker 2: it's Julie Bishop. I saw her last night the other
46:38
Speaker 2: day front row at a fashion week event in Sydney,
46:42
Speaker 2: out there with the fashionists. But she's a former foreign minister.
46:45
Speaker 2: I'm surprised she said so little on university anti semitism.
46:50
Speaker 2: I mean, where's Julie Bishop, where's the leadership from her
46:52
Speaker 2: and others?
46:53
Speaker 19: Chris, Yeah, Well, Peter, you can't stop university students from protesting.
46:58
Speaker 19: I know I've been some pretty willing protests in my time,
47:02
Speaker 19: back in the nineteen nineties at the A ANDU. I
47:04
Speaker 19: can't even recall what that was about, but they occupied
47:06
Speaker 19: the chancellor's office and you certainly can't stop them protesting
47:09
Speaker 19: about this.
47:10
Speaker 11: What I think you can expect.
47:11
Speaker 19: Though, is some firm words from the leadership of universities.
47:14
Speaker 19: Now we've seen that from Jennifer Westercott, and I think
47:17
Speaker 19: that's a good thing. When this kind of speech crosses
47:20
Speaker 19: a line, and that's into hate speech, and that's what
47:22
Speaker 19: she has called out. I'd note that universities, it seems
47:25
Speaker 19: to me, are fairly sensitive when it comes to things
47:28
Speaker 19: that upset their students, but don't seem to be so
47:31
Speaker 19: on this particular issue. And on this some of what
47:35
Speaker 19: we've seen is out and out anti semitism, and when
47:37
Speaker 19: we see that, that has to be called out.
47:40
Speaker 11: And that's what we mean by leadership.
47:42
Speaker 19: Of course, university students will protest, and you'll disagree and
47:45
Speaker 19: agree sometimes with the things they protest about, but leadership
47:48
Speaker 19: needs to be shown from those who are running these universities.
47:54
Speaker 2: Yeah, and of course they're going into two lecture theaters
47:56
Speaker 2: and they're doc scene and they're photographing anyone who's supporting Israel.
48:01
Speaker 2: They're photographing Jewish students. So it's you know, they're picking
48:05
Speaker 2: one's student body group over another student body group because
48:08
Speaker 2: the Jewish students they're staying away from their courses and
48:11
Speaker 2: their lectures. I mean, they are scared to be on campus.
48:15
Speaker 19: Yeah, and I've heard some terrible things too. And that's
48:18
Speaker 19: not mince words on this. When you talk about dosing,
48:21
Speaker 19: when you were talking about giving out somebody's phone number,
48:23
Speaker 19: you're only really doing it for one reason, and that
48:26
Speaker 19: is so that they can be on the receiving end
48:28
Speaker 19: of verbal and maybe even physical violence. So that absolutely
48:32
Speaker 19: should be seen as being beyond the pale by anyone
48:35
Speaker 19: who's running a university.
48:39
Speaker 2: Hey, you wrote a fantastic column over the weekend in
48:41
Speaker 2: The Australian about the erosion of religious freedoms in this country.
48:46
Speaker 2: We were promised religious protection as part of that deal,
48:50
Speaker 2: and marriage equality passed a little while back, I mean
48:52
Speaker 2: twenty sixteen. It's a long while back. We've got nowhere
48:57
Speaker 2: in this whole debate. I think religious people of faith
49:01
Speaker 2: are feeling more vulnerable than ever. What's going on here,
49:03
Speaker 2: Chris A.
49:06
Speaker 19: What we're seeing is an encroachment by the state and
49:08
Speaker 19: what people of faith are allowed to believe we're essentially
49:11
Speaker 19: getting a state based religion, and that state based religion
49:14
Speaker 19: should remember where it comes from. Where it comes from
49:17
Speaker 19: is from Christian ideals. The idea of universal human rights
49:21
Speaker 19: is an avowedly Christian idea. In the palls that are
49:24
Speaker 19: the Galatians, where he talks about there being neither Jew
49:26
Speaker 19: nor Greek, nor free, nor slave, nor man nor woman,
49:29
Speaker 19: except we're all one in Christ Jesus. That's the beginning
49:32
Speaker 19: of a conversation with people about the fact that there
49:35
Speaker 19: are such things as universal human rights. And the Christian
49:38
Speaker 19: tradition was bound in both faith and in reason, and
49:41
Speaker 19: that's what sets for liberal democracies on their road to
49:44
Speaker 19: what they are. That's what really animates Europe, and we've
49:47
Speaker 19: forgotten that. In fact, there are people who would be
49:49
Speaker 19: prepared to deny that.
49:50
Speaker 8: Now. I don't again.
49:52
Speaker 19: Deny the growth of a state based sense of morality,
49:55
Speaker 19: but it should remember where it comes from and also
49:57
Speaker 19: remember that UN Declaration on Human Rights demands that there
50:01
Speaker 19: be religious freedom. That is something that we are yet
50:03
Speaker 19: to entrench in Australia and it's something that's under threat
50:06
Speaker 19: from the state. We are seeing a state based set
50:09
Speaker 19: of moralities now which are telling people how they can
50:12
Speaker 19: educate their children and who should be allowed to educate
50:15
Speaker 19: their children, and that's not something that we should countenance.
50:20
Speaker 2: Well aged by viewers at home if they haven't read
50:22
Speaker 2: it already, to give it a read, Chris. It was
50:24
Speaker 2: a beautiful, beautiful prose, but very powerful sentiment as well. Hey,
50:29
Speaker 2: I just noticed you're in Gladston too. You're a long
50:31
Speaker 2: way north of Canberra. I suspect it's a bit warmer
50:34
Speaker 2: than Canberra this time of year. Any intel about what
50:38
Speaker 2: you're up to up there.
50:41
Speaker 19: Yeah, Look, I'm actually in ram and you're right on
50:43
Speaker 19: my way to Gladston because I'm following the LNG pipeline
50:47
Speaker 19: from here to there. We went and saw some farmers
50:50
Speaker 19: today who are hosting well heads on their properties. We've
50:53
Speaker 19: seen the hub where the gas gets pushed down to Gladston.
50:57
Speaker 19: Let's not forget, Peter, where our money comes from. Seventy
51:00
Speaker 19: five billion dollars. Look with national gas exported from Australia
51:05
Speaker 19: last year, when you look at the effect that it
51:07
Speaker 19: has on budgets around Australia, and it's not just LNG,
51:10
Speaker 19: but of course it's coal and it's iron ore, but
51:12
Speaker 19: those commodities over the course of the last twenty years
51:16
Speaker 19: have lifted the revenue and the budget by one hundred
51:19
Speaker 19: billion dollars a year. So when you were looking at
51:22
Speaker 19: the things the government's handing out tonight, remember where your
51:25
Speaker 19: wealth comes from. Remember where your food comes from. It
51:28
Speaker 19: comes from here.
51:31
Speaker 2: Spot on, Chris Yeoman. I can't wait to see what
51:33
Speaker 2: you do with all of that investigative work. We're very
51:36
Speaker 2: lucky here at Sky now you thank you for your time.
51:38
Speaker 2: All right, let's bring an international panel. We're about half
51:41
Speaker 2: an hour and now from the Treasurer fronting the House
51:44
Speaker 2: of Representatives in Canberra to bring down his second budget.
51:48
Speaker 2: But before that we'll get into some international issues. Guy
51:51
Speaker 2: and his contributed to Coachhagada former Labor EMPE Michael Danby. Well,
51:54
Speaker 2: welcome to you both. Michael will get into Raffa with
51:58
Speaker 2: you at a moment. I'm your take on what's happening there.
52:01
Speaker 2: But you are a very proud labor man. Tell us
52:05
Speaker 2: how you felt over the weekend with that move by
52:07
Speaker 2: Penny Wall to basically reward Hummus for its horrors. On
52:12
Speaker 2: October seven.
52:17
Speaker 14: Vulcan cookook scheim, which is the German word for a
52:22
Speaker 14: cloud cuckoo land. Why now Bert Claire Husick and the
52:29
Speaker 14: socialist left are all pushing the government towards rewarding Hummus,
52:38
Speaker 14: which wants a unitary Muslim state from the river to
52:41
Speaker 14: the sea, or the Palestinian authority that pays a third
52:45
Speaker 14: of its budget. An economist like Kosher would be interested
52:50
Speaker 14: in this a third of its budget to pay for
52:53
Speaker 14: Slagh terrorists. And Australia used to have the sensible policy
52:57
Speaker 14: in the past. We don't decide these things from from
53:00
Speaker 14: over here. We let the parties negotiate between themselves. We
53:04
Speaker 14: should have been with the United States and Papua New
53:08
Speaker 14: Guinea in voting against, or at least with Canada and
53:11
Speaker 14: the United Kingdom and Germany and abstaining. I mean, I
53:14
Speaker 14: don't believe the ignorance that these people have. Pennywog, President Obama,
53:20
Speaker 14: President Bush, President Clinton all did peace plans with the
53:25
Speaker 14: Palestinians for a two state solution, and each time the
53:28
Speaker 14: Palestins ran away. You can't erase history. You're not those
53:33
Speaker 14: guys who have the magic pens and you erase our memory.
53:36
Speaker 14: These things all happened. And the reason there isn't support
53:39
Speaker 14: for a two state solution in Israel or among sensible
53:43
Speaker 14: people around the world, is because the Palestinians supported by
53:49
Speaker 14: our government now have run away from it each time.
53:52
Speaker 14: It's got to be negotiated between the parties. We're not
53:55
Speaker 14: going to impose Penny Wong's will from Australia.
54:01
Speaker 2: Coach of the PM. I'll watch question Time today and
54:03
Speaker 2: the PM wasn't too happy when he was asked a
54:06
Speaker 2: question by Andrew Hasty as to why he hadn't spoken
54:10
Speaker 2: to Jujinping regarding that incident with an Australian naval helicopter.
54:15
Speaker 1: Have a listen, why hasn't the Prime Minister called President
54:19
Speaker 1: She about these clear acts of intimidation.
54:22
Speaker 21: Why doesn't the opposition back up Australia And this is
54:25
Speaker 21: about our national interests.
54:29
Speaker 6: Members on my lass mob who never had a call,
54:33
Speaker 6: let alone in a meeting during their.
54:36
Speaker 21: Entire last term in office, I would have thought that
54:40
Speaker 21: that was not a hard ask for you to say, yes,
54:43
Speaker 21: we agree, we are at one.
54:46
Speaker 5: We are at one.
54:47
Speaker 21: In defending the Australian Defense Force. Rather than rather than
54:53
Speaker 21: trying to confusing messages to the People's Republic of China.
55:01
Speaker 2: Two things he struck me. Koscha Andrew has to really
55:04
Speaker 2: got under his skin with that question. But secondly, pretty
55:08
Speaker 2: bloody rich to have a crack at a bloke that's
55:10
Speaker 2: been in our uniform for the SAS in Afghanistan in
55:14
Speaker 2: demand of him, what are you going to do about
55:17
Speaker 2: defending Australia. Why aren't you standing with the government on
55:20
Speaker 2: this sort of stuff. I mean, you can't ask that
55:23
Speaker 2: of a veteran when you're someone like Albanese who can't
55:26
Speaker 2: even pick up the phone to defend our naval pilot
55:30
Speaker 2: in this circumstance.
55:33
Speaker 22: Very true. I think you put your finger on it
55:35
Speaker 22: there for sure, Peter that he did get hasty, did
55:38
Speaker 22: get under his skin. I think that came across quite
55:41
Speaker 22: evidently with the animated response, and I think that probably
55:44
Speaker 22: colored where that commentary came from and obviously didn't land
55:48
Speaker 22: given who he was speaking to. On the other side,
55:50
Speaker 22: I think it was a very reasonable question. It's a
55:52
Speaker 22: good thing it was asked. More people, including in the media,
55:55
Speaker 22: by the way, should be asking harder hitting questions of
55:57
Speaker 22: our leaders and it would appear to many that there
56:00
Speaker 22: just isn't really clarity, certainly with the PM, but in
56:04
Speaker 22: fairness to him, with many elected leaders or a wide
56:07
Speaker 22: span of time, there does not appear to be clarity
56:11
Speaker 22: in what the position, Australia's position really is and what
56:14
Speaker 22: the strategy should be with respect to China, Because if
56:17
Speaker 22: there is clarity on that, is it a contained and
56:19
Speaker 22: limited partnership, Are there red lines that we will not
56:22
Speaker 22: allow to be crossed? Is it a managed concession in
56:26
Speaker 22: certain aspects because of the reality of the situation and
56:30
Speaker 22: how much leverage each party has? What is it? And
56:32
Speaker 22: if there's clarity in those positions, then downstream from that
56:35
Speaker 22: you would see clarity in the words that are spoken
56:38
Speaker 22: when you're standing up to the leaders, as well as
56:40
Speaker 22: more importantly, the actions. And you know, our policy stance
56:43
Speaker 22: as it relates to immigration or trade reciprocity or any
56:46
Speaker 22: number of things where we could be leveling the playing
56:50
Speaker 22: field and you know, exercising what we think our strategy is.
56:52
Speaker 22: And it seems a little bit all over the place,
56:54
Speaker 22: and that comes through in moments like these.
56:58
Speaker 2: I think life is strategy right now in shut up
57:00
Speaker 2: and take the money. I think it's that simple, kosher. Unfortunately,
57:04
Speaker 2: that's where we're at. Let's go to the US. Michael
57:07
Speaker 2: Trump's former lawyer, Michael Cohen well he's turned he's given
57:11
Speaker 2: evidence in the Hushbunny trial claiming that he was aware
57:14
Speaker 2: of the payments. Everything's required, mister Trump signed off on
57:18
Speaker 2: top of that, I wanted the money back, Cohen told
57:21
Speaker 2: the court. Outside the court, Trump took aim though at
57:25
Speaker 2: the judge.
57:27
Speaker 20: We have a corrupt judge, and we have a judge
57:30
Speaker 20: is highly conflicted, and he's getting me from campaigning.
57:34
Speaker 6: You know, we're pointing him Democrat politicians.
57:39
Speaker 2: I don't know if this is working against him or
57:40
Speaker 2: for him, because I mean, every single day he's getting
57:44
Speaker 2: in the headlines, he's getting all this vision, it's running
57:46
Speaker 2: on the newsers. What do you think, Michael, foroa or
57:49
Speaker 2: against him? Is it working for Trump or not?
57:52
Speaker 14: Well, let's not just listen to you or me, Peter.
57:55
Speaker 14: But Fared Zakaria, who's a famous liberal host of CNN,
58:01
Speaker 14: and Bill Maher, who's there the very funny US comedian,
58:05
Speaker 14: middle of the road centrists also smaller liberal both are
58:08
Speaker 14: saying that this lawfare is backfiring. On the weekend, hardly
58:13
Speaker 14: reported by the mainstream media, one hundred thousand people gathered
58:17
Speaker 14: on the Jersey shore for a Trump rally.
58:21
Speaker 8: Now, I.
58:24
Speaker 14: Don't support some Trump's personality, But they should be discussing
58:30
Speaker 14: the issues. He shouldn't be in court, he should be
58:33
Speaker 14: out there being able to debate Biden. I cannot believe
58:40
Speaker 14: that Biden will be allowed to contest this election, his
58:46
Speaker 14: falling abilities. He nearly caused a revolution in Papua New
58:50
Speaker 14: Guinea and the Solomon Islands by accusing them of being cannibals,
58:54
Speaker 14: that he'll be allowed to contest. I mean, Gavin Newsom,
58:58
Speaker 14: where are you when you needed? In August, the Chicago
59:01
Speaker 14: Convention takes place, and I think Trump is ahead in
59:04
Speaker 14: all the swing states. This is emerging as a catastrophe
59:09
Speaker 14: for the Democrats unless they replaced Biden.
59:14
Speaker 2: Kosh, I finished with you, because I've been picking up
59:16
Speaker 2: that point there. Joe Biden crazy stuff out cracking jokes
59:21
Speaker 2: about his own competency. Have a listen.
59:25
Speaker 9: My name is Joe Biden. I worked for Kamala Harris.
59:31
Speaker 9: I asked her to be my vice president. I knew
59:33
Speaker 9: I needed somebody smarter than me.
59:36
Speaker 2: I mean, you don't talk about something like that day.
59:40
Speaker 22: No, and you know, sadly just became about what Michael said. Everybody,
59:44
Speaker 22: I think, will just relegate it to another day and
59:46
Speaker 22: another gaff joke comment by President Biden. That doesn't land.
59:50
Speaker 22: It would land maybe if somebody is known to be
59:53
Speaker 22: a very very strong leader and they made a cute
59:55
Speaker 22: joke in the right context. It doesn't land when one
59:58
Speaker 22: of the biggest things he's fighting is the fact that
1:00:00
Speaker 22: he comes across as a very week leader and then
1:00:01
Speaker 22: making a joke about your weakness doesn't quite do it.
1:00:04
Speaker 22: There's another really quick batter point that I would say
1:00:07
Speaker 22: as well that it's also this whole thing about marking
1:00:10
Speaker 22: masculinity and fear of strong women is something that I
1:00:13
Speaker 22: think reflects a trend in the culture. I'm all for
1:00:15
Speaker 22: female empowerment, but not at the expense of men, and
1:00:18
Speaker 22: I think he was doing that as well.
1:00:19
Speaker 2: That doesn't quite land with a lot of his constituents.
1:00:23
Speaker 2: And it's gonna be careful men actually vote too. All Right,
1:00:25
Speaker 2: I'll leave there. See you both next week after the break,
1:00:27
Speaker 2: we'll get into some of the technical details of Labour's budget.
1:00:30
Speaker 2: It shows very little is being done to pay off
1:00:32
Speaker 2: Australia's massive debt plus irony. Tonight we'll have energy relieved
1:00:37
Speaker 2: headed out in this budget. But the mess we're in
1:00:41
Speaker 2: comes from Labour's policy making, right about twenty minutes now,
1:00:50
Speaker 2: Jim Chalmers will get to his feet in the House
1:00:52
Speaker 2: and bring down the budget, including his nine billion dollar
1:00:56
Speaker 2: surplus now face value. That might sound great, but was
1:01:00
Speaker 2: always in the detail with budgets. Join me out against
1:01:03
Speaker 2: some detail. Nationals Senator Matt Canavan. I meant what I said.
1:01:07
Speaker 2: It sounds impressive if you're at home. Nine billions a
1:01:10
Speaker 2: lot of money, and it's the first time. Of course,
1:01:12
Speaker 2: we've had consecutive surpluses since the Peter Costello era. But
1:01:16
Speaker 2: this is no Costello surplus. Does it matter? It's it's
1:01:19
Speaker 2: not structural, meaning it's not a permanent surplus, it's a
1:01:23
Speaker 2: rounding era and it does absolutely nothing to pay off debt.
1:01:30
Speaker 8: Well, you're right to Peter.
1:01:31
Speaker 1: The key thing to keep in mind is that a
1:01:34
Speaker 1: surplus just gives the government a little bit of money
1:01:37
Speaker 1: to pay back the massive debt that we have accumulated.
1:01:40
Speaker 1: That gross debt is now sitting at nine hundred and
1:01:43
Speaker 1: forty one billion dollars the next financial year. So this
1:01:47
Speaker 1: nine billion dollar surplus, when you put that into context,
1:01:50
Speaker 1: it's less than one percent of our total debt.
1:01:53
Speaker 8: So put it in your terms in your own home.
1:01:55
Speaker 1: If you say owed five hundred thousand dollars on your mortgage.
1:01:59
Speaker 1: Tonight's budget gives you five thousand dollars to pay.
1:02:02
Speaker 8: Back that debt. It's not a big deal.
1:02:04
Speaker 1: You've still got ninety nine percent of the mortgage to payoff.
1:02:07
Speaker 1: We've still got nine to nine percent of the debt
1:02:09
Speaker 1: were left with. And as you say, in the years
1:02:11
Speaker 1: coming forward, the projections are for budget.
1:02:13
Speaker 8: Deficits of twenty even thirty billion.
1:02:16
Speaker 1: Dollars, potentially wiping out all the little savings we've made
1:02:20
Speaker 1: in these last couple of years that the Treasurer wants
1:02:23
Speaker 1: want some credit for.
1:02:27
Speaker 2: I'll tell people with home you're a trained economist, you're
1:02:29
Speaker 2: a former official of the Productivity Commission. Put your ole
1:02:32
Speaker 2: hat back on who's right on inflation, the Reserve Bank
1:02:36
Speaker 2: who says it's a continuing problem, or the Treasurer who says,
1:02:40
Speaker 2: don't worry about it.
1:02:44
Speaker 1: Well, you judge people by their form, don't you. And
1:02:47
Speaker 1: last year the Treasurer put down a budget and he
1:02:51
Speaker 1: forecasts that this financial year inflation would be just three
1:02:56
Speaker 1: point twenty five three and a quarter percent. Well, we've
1:02:58
Speaker 1: had three of the first four quarters of this financial year,
1:03:02
Speaker 1: with three quarters of the way through and inflation's running
1:03:04
Speaker 1: at an annual rate of three point seven percent, well above
1:03:08
Speaker 1: what the treasure predicted. Actually accelerated in the March quarter.
1:03:11
Speaker 1: The last quarter actually was running at an annualized rate
1:03:14
Speaker 1: of over four percent. And so for the treasure to
1:03:17
Speaker 1: meet his eas prediction last year, he'd need inflation to
1:03:20
Speaker 1: come in under two percent for the last quarter of
1:03:22
Speaker 1: this financial year.
1:03:23
Speaker 8: That's not going to happen. So his promise has already broken.
1:03:25
Speaker 1: And now he's telling us that that he's going to
1:03:28
Speaker 1: deliver an inflation rate of under three percent by Christmas. Well,
1:03:31
Speaker 1: you couldn't believe the promise he made a year ago.
1:03:34
Speaker 1: I don't think he's going to beat Santa Claus to
1:03:36
Speaker 1: Christmas this year. The inflation is looking like it's going
1:03:38
Speaker 1: to be a lot higher than three percent. The RBA
1:03:40
Speaker 1: says three point eight percent. I think they're a lot
1:03:43
Speaker 1: more trustworthy.
1:03:46
Speaker 2: Mat What about this claim from the ACTU that wage
1:03:49
Speaker 2: rises for age care workers and childcare workers, which the
1:03:53
Speaker 2: Treasurer has flagged. He says he's got billions in the
1:03:56
Speaker 2: budget for them tonight. They say it won't be inflationary. Now,
1:04:00
Speaker 2: when I learn a bit of economics, wage increases to
1:04:03
Speaker 2: those on low or middle incomes always gets spent, almost
1:04:07
Speaker 2: always gets spent, So it is inflation. We these clowns
1:04:11
Speaker 2: will make it up as they go along.
1:04:15
Speaker 1: Well, look, I do think people deserve a pay increase here.
1:04:18
Speaker 1: It's not the lower middle income earners that have caused
1:04:21
Speaker 1: this inflation fire to get out of control. It's this
1:04:24
Speaker 1: government spending. They are spending seventy billion dollars more next
1:04:28
Speaker 1: financial year based on what was the projections when they
1:04:32
Speaker 1: came to government, and those spending projections already high because
1:04:35
Speaker 1: of COVID. They've added seventy billion dollars extra in just
1:04:38
Speaker 1: for just one year since they came to government. They
1:04:41
Speaker 1: are fueling this inflation fire. Now, if these wage increases
1:04:45
Speaker 1: were the result of negotiated outcomes between workers and private
1:04:49
Speaker 1: sector businesses, fair enough. But what's happening here is the
1:04:52
Speaker 1: governments coming along and topping up these paying these because
1:04:54
Speaker 1: they know the businesses themselves would not be able to
1:04:57
Speaker 1: afford it. They're using tax paid dollars to do that,
1:05:00
Speaker 1: and that is and could be very inflationary by going
1:05:03
Speaker 1: above and beyond what the market can bear, what customers
1:05:06
Speaker 1: can pay for. So, as I say, people are going
1:05:08
Speaker 1: to need pay rises because inflation has been running hot.
1:05:10
Speaker 1: But we shouldn't have the government coming in and make
1:05:13
Speaker 1: a bad situation worse like the government's doing here.
1:05:17
Speaker 2: Yeah, but we already subsidize the children to be in
1:05:20
Speaker 2: the childcare center. These are privately run businesses. Yes, some
1:05:24
Speaker 2: are not for profit, but some absolutely are for profit. Now,
1:05:28
Speaker 2: why are tax payers looking to pay the wages of
1:05:32
Speaker 2: privately employed staff?
1:05:37
Speaker 1: Well, because I think the reason why I believe is
1:05:39
Speaker 1: this goverment has no other plan to lift people's wages.
1:05:42
Speaker 1: They are not investing in better infrastructure to help increase
1:05:46
Speaker 1: our productivity. They're not lowering red tape and regulations. They're
1:05:49
Speaker 1: not lowering taxes to attract government investments. They're the ways
1:05:52
Speaker 1: you would traditionally try to seek to improve productivity and
1:05:56
Speaker 1: deliver a real wage increase to all workers, including those
1:05:59
Speaker 1: on lower and middle incomes. Instead here, because the government
1:06:02
Speaker 1: is actually adding regulations, increasing taxes, they have to go
1:06:05
Speaker 1: down the root of trying to directly subsidize people's wages
1:06:08
Speaker 1: in a desperate attempt to give themselves a boost in
1:06:11
Speaker 1: the polls before an election. It's using your money, Your
1:06:13
Speaker 1: tax pays money. Adding to that nine hundred and forty
1:06:16
Speaker 1: billion dollars debt, taking it to a trillion dollars and
1:06:18
Speaker 1: adding that fuel to just put more inflation into the
1:06:22
Speaker 1: economy in the years ahead.
1:06:25
Speaker 2: I love to live there, Matt. I've got an eye
1:06:27
Speaker 2: on a clock. The treasures on his feet in fifteen
1:06:29
Speaker 2: minutes time. Thank you as all waste right long now,
1:06:32
Speaker 2: as I said before he gets to his feet in
1:06:34
Speaker 2: the house. So obviously I have a lot more to
1:06:36
Speaker 2: say when I've gone through the papers myself here tomorrow
1:06:38
Speaker 2: night on credline. But one thing is for certain Australians
1:06:42
Speaker 2: doing it tough, they want cost of living relate. Here's
1:06:45
Speaker 2: a bit of what people were expecting from the treasurer
1:06:48
Speaker 2: early today. Lower utility bills and.
1:06:54
Speaker 18: Lower supermarket deals as well, because the cost of living
1:06:57
Speaker 18: is just unbelievable these days.
1:06:59
Speaker 23: More money for the do you think cost housing?
1:07:03
Speaker 3: Yeah, definitely, more money in people's pockets is going to
1:07:06
Speaker 3: transfer to us.
1:07:07
Speaker 16: So that's a big plus. So I don't know if
1:07:09
Speaker 16: that's going to happen on our education.
1:07:11
Speaker 11: I'm a teacher.
1:07:12
Speaker 16: I think butter is way too expensive, Like I shouldn't
1:07:15
Speaker 16: be paying like eight dollars for butter, Like it's just
1:07:18
Speaker 16: like a what like a seven dollar piece of toast
1:07:21
Speaker 16: cost a.
1:07:21
Speaker 3: Living and specifically around Melbourne homeless things like that.
1:07:27
Speaker 12: Our rent is going up consistently. Every food shop costs
1:07:31
Speaker 12: more and more money.
1:07:35
Speaker 2: I'm with you on that Western Star cost inflation. That's
1:07:38
Speaker 2: my favorite butter and it is expensive. Let's go though.
1:07:41
Speaker 2: Two comments again today from economists more and more erasing
1:07:44
Speaker 2: concerns about labour's future bated in Australia manufacturing policy consulting
1:07:49
Speaker 2: giant Deloitte that analynes the policy ahead of the budget
1:07:52
Speaker 2: and they are warning it is unlikely to stack up
1:07:55
Speaker 2: because it will impose economic costs that outweigh the economic benefits.
1:08:00
Speaker 2: An independent economist expert Chris Richardson says subsidizing sectors like
1:08:06
Speaker 2: solar panels where Australia is unlikely to be competitive with
1:08:10
Speaker 2: countries like China is the equivalent, says Chris Richardson, of
1:08:14
Speaker 2: asking taxpayers to smoke one hundred dollar notes. For more
1:08:18
Speaker 2: on this, I'm joining now by Shadow Minister for Climate
1:08:21
Speaker 2: Change and Energy Ted O'Brien. Well, Ted, they don't minance
1:08:25
Speaker 2: their words asking taxpayers to smoke one hundred dollar notes. There,
1:08:29
Speaker 2: that's what this policy is. Do you agree with Chris Richardson.
1:08:35
Speaker 5: I think he's on the money, Peter.
1:08:37
Speaker 23: I mean, the only thing made in Australia under labor
1:08:41
Speaker 23: is homegrown inflation, and that'll only get worse as they
1:08:45
Speaker 23: continue down this path. Now a lot of people don't
1:08:47
Speaker 23: even know what made an Australia policy is under labor.
1:08:50
Speaker 23: We're all still trying to work out. But what it
1:08:52
Speaker 23: seems to be is just a policy of picking winners.
1:08:55
Speaker 23: But if you in the game of picking winners, well
1:08:57
Speaker 23: you're also picking losers.
1:08:59
Speaker 5: And the aliens aren't mugs.
1:09:01
Speaker 23: They'll work out on what side of the ledger they
1:09:04
Speaker 23: fall under Albanisi.
1:09:06
Speaker 5: Is he making them winners or losers?
1:09:07
Speaker 23: Are they going to be wealthier or poorer come the
1:09:11
Speaker 23: next election? Will they feel as though their life has
1:09:13
Speaker 23: been made easier or harder? I know the answer to that,
1:09:17
Speaker 23: and I suspect the Australian people will too by the
1:09:19
Speaker 23: time in the next election.
1:09:23
Speaker 2: I'll draw my viewers attention to the bottom of the
1:09:24
Speaker 2: screen that you can see the Treasurer walking from his
1:09:27
Speaker 2: suite at Parliament House and the Ministry or wing. He's
1:09:30
Speaker 2: just about to cross the little bridge there into the
1:09:33
Speaker 2: House of reps. His wife Laura's with him and their children.
1:09:36
Speaker 2: There we go. It's up there on the screen. It's
1:09:38
Speaker 2: a bit of a hike. It will take a bit
1:09:39
Speaker 2: of time as due there at seven point thirty. Let's
1:09:42
Speaker 2: go to energy relief if I can ted. I just
1:09:45
Speaker 2: played some voxyes, some comments from people today on the street.
1:09:47
Speaker 2: They say they want energy relief, they want it front
1:09:50
Speaker 2: and center. But I mean, this is ambulance to the
1:09:52
Speaker 2: bottom of the cliff stuff. This is treating the symptoms
1:09:55
Speaker 2: with handouts tonight, not the cause of the high prices, isn't.
1:10:00
Speaker 5: It, Peter.
1:10:03
Speaker 23: It's very much trying to treat bullet wounds with band aids.
1:10:08
Speaker 23: You can hardly blame the Australian people. They are on
1:10:11
Speaker 23: their knees at the moment because of this cost of
1:10:13
Speaker 23: living crisis labors created. But the problem is they continue
1:10:18
Speaker 23: to fail to deal with the cause. We need more
1:10:21
Speaker 23: supply coming into the energy market. I mean, within ten years,
1:10:26
Speaker 23: ninety percent of our base load power will exit the grid.
1:10:30
Speaker 23: By next winter we are going to be suffering severe
1:10:33
Speaker 23: gas shortfalls. Now they put all their eggs in one
1:10:36
Speaker 23: basket or renewables only approach, but even their renewables policy
1:10:39
Speaker 23: has now stalled. This means prices will only get worse
1:10:43
Speaker 23: and we will have severe blackouts.
1:10:45
Speaker 5: So what's the answer.
1:10:47
Speaker 11: Supply?
1:10:47
Speaker 23: Supply, supply Instead from labor, it's band aid, band aid,
1:10:51
Speaker 23: band aid, and that's the problem. And we'll wait to
1:10:53
Speaker 23: see what comes tonight. Of course the Coalition wants to
1:10:56
Speaker 23: ensure that the Australian people get all the support they can,
1:10:59
Speaker 23: but from a public policy point of view, it's high
1:11:02
Speaker 23: time later start focusing on supply.
1:11:04
Speaker 5: It's all about supply.
1:11:08
Speaker 2: Last night Ted I spoke with Aidan Morrison from the
1:11:11
Speaker 2: Center for Independent Studies about what is effectively a carbon
1:11:15
Speaker 2: tax by stealth. This is done via regulation, so not
1:11:19
Speaker 2: even the courtesy of legislation that we as the public
1:11:22
Speaker 2: would see in the Parliament that would be debated and
1:11:25
Speaker 2: ventilated and argued about. It will impose in your carbon
1:11:28
Speaker 2: price of sixty six dollars a ton. That's double what
1:11:34
Speaker 2: the Gillard carbon tax was obviously going to hit consumers.
1:11:37
Speaker 2: How concerned are you and the coalition about this.
1:11:42
Speaker 23: We're enormously concerned, Peter. I mean, you know better than
1:11:47
Speaker 23: most the impacts of a carbon tax. And despite Prime
1:11:52
Speaker 23: Minister Gillard's flaws in some regards, at least unlike Anthony Albanezi,
1:11:59
Speaker 23: she was clear by the end. She ended up conceding
1:12:01
Speaker 23: this is really a carbon tax.
1:12:04
Speaker 5: These guys are doing it by stealth.
1:12:06
Speaker 23: It goes to the lack of transparency and the weakness.
1:12:10
Speaker 5: Of Albanese's leadership.
1:12:11
Speaker 23: If he was to introduce a carbon tax, he should
1:12:14
Speaker 23: have had the strength of character to face the Australian
1:12:17
Speaker 23: people and tell them prosecute the case, allow her to
1:12:20
Speaker 23: go under scrutiny within Parliament, allow the debate to be had.
1:12:24
Speaker 5: But no they have not done that.
1:12:25
Speaker 23: It's by stealth and it's going to end up on
1:12:27
Speaker 23: your network bill at home.
1:12:31
Speaker 2: Shadow Energy Minsta There ted O, Brian, thank you for
1:12:33
Speaker 2: your time, good luck Budget night, and the addressing reply
1:12:35
Speaker 2: of course from Pettit Dutt. On Thursday Night quick break,
1:12:39
Speaker 2: we're about what is that eight minutes away from the
1:12:41
Speaker 2: budget coming down. I'll join you on the other side,
1:12:49
Speaker 2: welcome back budget now only minutes away, joining Miss Garne's host,
1:12:52
Speaker 2: chief election analyst Tom Connell. Well, we talked a lot
1:12:56
Speaker 2: about the numbers and all the economic parameters tonight, Tom,
1:12:59
Speaker 2: but this is when you boil it down a really
1:13:03
Speaker 2: important political speech for a government they're trialing in the polls.
1:13:08
Speaker 2: A lot of pressure on Jim Chalmers tonight to turn
1:13:11
Speaker 2: around Labour's fortunes. It's all about the narrative. What are
1:13:15
Speaker 2: we looking for tonight? What are you expecting?
1:13:20
Speaker 6: He's going to emphasize that he knows times are tough,
1:13:23
Speaker 6: the government's helping, but in a responsible way. We will
1:13:26
Speaker 6: hear responsible a lot tonight in two elements. On the
1:13:29
Speaker 6: budget side of things, That's where he'll stress there's another.
1:13:31
Speaker 12: Surplus, albeit bigger deficits in the future.
1:13:34
Speaker 6: How much they'll be We'll find out in a couple
1:13:36
Speaker 6: of minutes time. They were going to be seventy three
1:13:37
Speaker 6: billion over that three year period. How much big are
1:13:40
Speaker 6: they going to be because of not ragining in costs
1:13:43
Speaker 6: such as the NDI is so responsible, we'll say on
1:13:46
Speaker 6: the budget even though there's longer term years are not
1:13:48
Speaker 6: as good. And also on inflation, and this is a
1:13:50
Speaker 6: crucial element right now, isn't it's Jim Charmers right?
1:13:54
Speaker 11: Was the RBA right? Is Jim Chalmers rights a coalition right?
1:13:57
Speaker 11: On inflation?
1:13:58
Speaker 6: And does this budget risk at all inflation? There's a
1:14:00
Speaker 6: lot of economists debating that already, Peter, the narrative from
1:14:04
Speaker 6: Jim Chalmers is responsible help. But for example, the new
1:14:07
Speaker 6: measure we're going to hear in a moment from Jim
1:14:09
Speaker 6: Charmers that hasn't been an ounce before today, is there's
1:14:12
Speaker 6: going to be energy relief for all households. Last time
1:14:15
Speaker 6: around it was only for lower income ones, including people
1:14:18
Speaker 6: on news start, pensioners, people with health cards.
1:14:21
Speaker 11: This time it's for everybody. And so far we've heard
1:14:24
Speaker 11: that the.
1:14:24
Speaker 6: Government's having to go it alone too, so that does
1:14:26
Speaker 6: cost money. So this is going to be crucial to
1:14:29
Speaker 6: Labour's fortunes. If they can land this budget. It's not inflation,
1:14:33
Speaker 6: people say, well done. Maybe there are some rate cuts
1:14:36
Speaker 6: coming if people spend that money anyway, because remember they're
1:14:39
Speaker 6: not spending it on rent, they're not spending on power.
1:14:41
Speaker 6: If they spend it anyway and it keeps inflation higher,
1:14:45
Speaker 6: that's when labor will have a problem. I put it
1:14:46
Speaker 6: was fascinating suit Peter that in the question time the coalition.
1:14:49
Speaker 12: They went to the Ronald Reagan line, are you better
1:14:51
Speaker 12: off now?
1:14:52
Speaker 2: Them?
1:14:52
Speaker 11: When you started Labour's time and office, Because.
1:14:54
Speaker 6: Even if things are improving, perhaps ipt there's one rate
1:14:57
Speaker 6: cut there's been a.
1:14:58
Speaker 11: Lot of rate increases.
1:15:00
Speaker 6: If you're a mortgage holder, if you're a renter, things
1:15:03
Speaker 6: are undeniably tougher since the twenty twenty two election.
1:15:06
Speaker 11: You can debate whose fault that is. That's what the
1:15:08
Speaker 11: Coalition wants to get back to.
1:15:09
Speaker 6: That are you better off or otherwise question that Ronald
1:15:12
Speaker 6: Reagan famously posed in the nineteen eighties.
1:15:17
Speaker 2: Well, it's the right place for the Coalition to go
1:15:19
Speaker 2: because we know in per capita terms, even when the
1:15:22
Speaker 2: government likes to point at the underlying sort of global
1:15:25
Speaker 2: numbers or national GDP numbers, we know people are hurting
1:15:28
Speaker 2: on a per capita basis. We are in a per
1:15:30
Speaker 2: capita recession. They can't dice that any other way. That's
1:15:33
Speaker 2: why people at home are doing it tough. Interestingly, now
1:15:38
Speaker 2: I want people at home to understand too. I mean,
1:15:40
Speaker 2: every single word in the speech tonight we'll hear from
1:15:43
Speaker 2: Jim Chalmers is weighted. Every word is carefully chosen. There'll
1:15:47
Speaker 2: be repetition of phrases and language. It'll all be tested
1:15:51
Speaker 2: with focus groups. A lot of the party strategists will
1:15:54
Speaker 2: have had their say. This is about as important to
1:15:58
Speaker 2: the government as that speed which prime ministers give when
1:16:01
Speaker 2: they launch an election campaign.
1:16:05
Speaker 6: Yeah, exactly every word. What is he emphasizing, what's he
1:16:08
Speaker 6: talking up? Maybe what he's avoiding saying as well, Peter
1:16:11
Speaker 6: will be carefully passed here because this is a lot
1:16:14
Speaker 6: of attention on this. You don't get forever the budget
1:16:17
Speaker 6: does dissipate. What will people remember out of tonight matters
1:16:20
Speaker 6: as well when they're thinking about things over the next year.
1:16:22
Speaker 6: We're in the run the countdown to an election now,
1:16:25
Speaker 6: so what is he emphasizing. Yes, there will be new
1:16:28
Speaker 6: measures and they'll get the initial attention, but how much
1:16:31
Speaker 6: will people actually remember in the days to come, how
1:16:33
Speaker 6: much will they think they're helped by this? And how
1:16:35
Speaker 6: much can Jim Chalmers convince them that he's helping them
1:16:38
Speaker 6: out of some tough times.
1:16:41
Speaker 2: Yeah, we could see there. We've got the Opposition leader
1:16:43
Speaker 2: at the dispatch box on his side. We've got Jim
1:16:46
Speaker 2: Chalmer's there wandering a little. A few more stragglers to
1:16:49
Speaker 2: come in. The galleries, of course, are full, are usually
1:16:53
Speaker 2: stacked to the rafters with party faithful. We know, of
1:16:56
Speaker 2: course Peter Dutton will give the address in reply on
1:16:59
Speaker 2: Thursday day. The Opposition front bench will have been in
1:17:03
Speaker 2: its own lock up all today analyzing the budget numbers
1:17:07
Speaker 2: as the media have, and of course your colleagues will
1:17:10
Speaker 2: be here on Sky News after we hear from the treasurer.
1:17:13
Speaker 2: We're about a minute away, maybe even less. You're gonna
1:17:17
Speaker 2: get your hands on the books as soon as it
1:17:18
Speaker 2: gets to speak too, Tom.
1:17:21
Speaker 11: Yeah, I'll duck in.
1:17:23
Speaker 6: It's always good to sort of watch the speech unfold
1:17:25
Speaker 6: and you get the takes straight away.
1:17:27
Speaker 12: So my colleagues are the all the people have.
1:17:30
Speaker 11: Viewers are used to watching.
1:17:31
Speaker 6: They've looked at this for hours. They'll know they'll be
1:17:35
Speaker 6: able to drill down straight away what this means for
1:17:37
Speaker 6: you, your business, your household and of course the overall finances.
1:17:41
Speaker 6: So I'm looking forward to go right there. They always
1:17:43
Speaker 6: give it.
1:17:45
Speaker 2: Thank you. I'm going to wrap you up now. I've
1:17:46
Speaker 2: got the speaker in the chair. Here we go. Budget
1:17:49
Speaker 2: twenty four