New data has revealed that Australians believe subsidising energy bills and fuel prices will help ease cost of living pressures, as economists warn a rate hike is looming.
New poll reveals majority of Australians support govt subsidising energy bills and fuel prices to help with rising cost of living
An exclusive Newspoll published by The Australian on Tuesday asked Aussies what measures they think the government should take to tackle the cost of living crisis. Fifty-three per cent of the 1,220 people who took part in the poll believed cash payments should be given to low-income families. "If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in a form of higher grocery prices?" she told First Edition host Peter Stefanovic.
The Newspoll showed a high amount of voters said fuel price subsidies will also help amid the cost of living crisis. Picture: Getty Images "We want to see the government tackle inflation at its root cause, which of course is aggregate demand."
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