Australian politics live: inflation expected to rise to 4.2%; eSafety head’s warning about women in senior roles

The Greens, led by David Shoebridge, will address the National Press Club in Canberra to tackle cost-of-living issues and respond to allegations against Senator Jordon Steele-John. Shoebridge proposes raising the tax-free threshold to $26,000, which could save the average worker over $1,000 annually. Additionally, the Greens are advocating for a $1,000 boost annually for those on income support, including pensioners, carers, students, and job seekers.

These proposals would cost approximately $22 billion annually, funded through higher taxes on gas exports and a market-based tax on resource companies. Steele-John is currently on leave following an investigation into allegations of misconduct towards women, which he has denied.

Inflation is anticipated to rise to 4.2% in the year to September, up from 4% the previous month. This surge in prices, driven by escalating fuel costs amid a deteriorating Middle East conflict, will likely prompt a rate hike by the Reserve Bank, with financial markets pricing in a 65% probability of a rate increase on Melbourne Cup day.

The upcoming inflation report, coupled with political pressure, could put Labor on the defensive regarding economic management. Meanwhile, eSafety commissioner Julie Inman Grant reported that she and her family have endured significant online abuse and threats over the past decade in her role.