To save Australia’s economy, Albanese must share the AI gains and budget pains

POLITICO · Paul Karp · 2026-11-05 18:00 UTC

Another interest rate hike and a renewed search for savings puts Australia’s prime minister in a bind.

Another interest rate hike and a renewed search for savings puts Australia’s prime minister in a bind.

Regardless of whether he's culpable, it will not take many voters struggling with the cost of living to turn on the prime minister for him to lose his majority. | Izhar Khan/Getty Images

Paul Karp is the Canberra Playbook editor at POLITICO, with a focus on federal politics in Australia, immigration, digital regulation and legal affairs.

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