Follow updates live • Inflation jumps to 3.2%, dashing hopes of a Melbourne Cup day rate cut for homeowners

Inflation jumps to 3.2%, dashing hopes of a Melbourne Cup day rate cut for homeowners • Get our breaking news email, free app or daily news podcast

Get our breaking news email, free app or daily news podcast

The Coalition is still in the middle of a fight over the future of its energy policy, with big fractures between members over whether the 2050 net zero target should be kept.

The party is working towards something of a compromise, but there are a few moderates who don’t want that target to change – including shadow housing minister Andrew Bragg.

Look, I think we’ll get there on net zero. I know there’s a lot of interest in it. I think ultimately there’s an ability there

See Full Page