Australia news live: Northern Rivers on flood alert as more NSW towns evacuated; treasurer confirms $33b social security boost in budget

Flood waters in Victorian border towns reach record levels as Lismore braces for evacuations; Tuesday’s budget touted as ‘family friendly’

Housing, Indigenous and domestic violence services to get $560m boost

Community organisations such as housing, Indigenous and domestic violence services will receive an extra $560m over four years in Labor’s first budget since its re-election.

On a personal level, I wish Liz Truss well, and Kwasi Kwarteng well. I had the opportunity to spend some time with him quite recently.

But I think there are very … clear lessons from economic policy in the UK. You need to get your fiscal and monetary policy lined up. You need to make sure that governments aren’t working against the difficult job that central banks are asked to do.

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