Vic Labor in chaos as Ben Carroll promises new direction

Here are the highlights of Victoria Labor’s recent chaos after Jacinta Allan resigned:

The new premier Ben Carroll declared “I am not Dan Andrews. I am not Jacinta Allan. I will do things differently.”
He also said that Victoria is on track for a “Liberal-One Nation government”
Carroll’s first announcement was a royal commission into the construction sector despite Labor previously ruling it out
Labor MPs claim they are “united behind Ben Carroll" despite the chaos
Albo has praised Jacinta Allan saying she is a “very decent human being” and someone who can be “proud” of their achievements

What’s next: Expect a flurry of announcements as Carroll tries to save Labor’s election chances.

RBA says more rate hikes are possible

The RBA governor Michelle Bullock says “the board is prepared to act, including by increasing the cash rate further if needed.”

The RBA governor says inflation is still too high
She also criticises Australia’s record low productivity under Labor
Markets predict an August rate hike could happen, but also point to a slowing economy that could deter the RBA from raising interest rates

Australia could be building its first new oil refinery in 60 years:

A $4 million feasibility study will identify potential sites for the refinery
The WA government alongside Albanese say this will boost local jobs and improve our energy security
Environmental activists have hit back, saying WA should be a “renewable energy powerhouse”

The latest YouGov poll reveals:

Labor remains at its record low primary vote support at 28%
Support for the Coalition remains low at 22%, while One Nation has continued falling in support by one point to 25%
Opposition leader Angus Taylor and Pauline Hanson are tied at 27% as preferred PM

Embattled MP Moira Deeming has resigned from the Liberal party after being disendorsed. She will sit as an independent until the election.

See you tomorrow,
aboveauspol.com