Cost-of-living crisis a ‘diabolical situation’ for Labor

EQ Economics Managing Director Warren Hogan says the cost-of-living crisis is a “diabolical situation” for the Labor government. Treasurer Jim Chalmers will deliver the federal Budget on Tuesday evening. “It is a diabolical situation for them because their every political instinct is going to be seen to be doing something but really that could be counterproductive,” Mr Hogan told Sky News Australia. “We’ll find out on Tuesday what their judgment is – both in terms of economic policy and also in terms of the politics. “I think the politics do tend to win the day, unfortunately.”