From Monday, most household electricity bills will start to go down for the first time in years.
"A long way to go but we've now turned the corner and are seeing energy prices come down," Bowen said.Energy Minister Chris Bowen said the government was providing much needed relief amidst the cost of living crisis July 1 will also bring increases to the minimum wage and awards, while parents will get an extra two weeks of paid parental leave.While this is good news for households, there's concerns all this extra money in the economy will only contribute to inflation raising the risk of another interest rate hike.
The Opposition warning of impending interest rate hikes from the government's move isn't dampening the Prime Minister's spirits.
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