Cost of Living Crisis and Economic Management

The current government is facing significant challenges related to a cost of living crisis that has intensified due to rising interest rates and inflation. As the public's discontent grows over issues such as electricity bills and mortgage rates, the Prime Minister's past promises to alleviate these burdens appear increasingly unfulfilled. Labor seeks to shift the narrative surrounding economic management by positioning itself as competent stewards of the economy, which has resulted in the sidelining of several key social issues and reform initiatives. The ongoing crisis has left the government working to develop a coherent response while navigating perceptions that it has lost control over economic conditions.