Budget 2022: Treasurer details budget in Press Club speech, after yearly inflation hits highest point since 1990 — as it happened

This question comes from David Crowe at the Sydney Morning Herald and The Age. Or do you actually have levers that can change those outcomes this financial year, 20% on each of those factors? Here's part of the treasurer's answer: I think one of the things that's been lost in this conversation about the first of those electricity price forecasts is that that is already flowing through and I know that you don't want a heap of, kind of, partisan reflections here, but what we're seeing now in that 20% is part of what Angus Taylor hid from the Australian people during the election campaign. Some of you will recall he made a quite an unusual intervention to prevent the publication of the change to the default market offer and so this 20% that we're in right now, which is starting to show up in bills and starting to show up in figures, is actually part of that..You know, the 20% this year is not from now, it's over the course of this financial year and it's already begun. So we have done it — we have taken a number of important steps around energy and Chris Bowen and Madeleine King and others have done important work but we have more to do.