Australian Government Backflips on Energy Rebates for Households

[Epoch-Times-Bot]

Australian Government Backflips on Energy Rebates for Households

The Australian government has confirmed that it would not provide energy rebates for struggling Australians despite soaring electricity and gas prices.
Speaking at the National Press Club on Oct. 26, Treasurer Jim Chalmers said that cash handouts would exacerbate inflation in the long term.
His remarks came after the government released forecasts that retail power prices would jump by 56 percent in the next two years.
The treasurer noted that the figure was on the national level and that some regions would face more significant price hikes than others.
Treasurer Walkbacks His Statement on Power Bill Cuts
Prior to handing down the Budget, the treasurer had promised Australians should expect a $275 cut to their power bills as promised by the Labor party during the federal election....

Source: Australian Government Backflips on Energy Rebates for Households

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