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FOI request shows former PM called pact a ‘terrible’ decision as attorney general announces anti-hate measures. Follow live
Good morning and welcome to our rolling news coverage. This is Martin Farrer bringing you some early morning headlines before Natasha May takes the reins soon.
Successive rate hikes by the RBA have brought the cost-of-living crisis into sharp relief and our main story today is the “mortgage cliff” facing thousands of households as they come off fixed-rate deals to more expensive variable loans. We’ve talked to a family facing a massive struggle to make ends meet with their repayments about to rise by $2,000 a month, while economists are warning that the country is already in a “retail recession” as spending slumps.
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