# Albanese admits savings are needed amid Labor pressure over cost-of-living crisis

https://mins.news/en/item/120328

- The Guardian, 2026-10-29 07:31 UTC
- Politics
- Original: https://www.theguardian.com/australia-news/2026/oct/29/albanese-concedes-savings-needed-as-he-faces-internal-labor-pressure-on-cost-of-living-crisis

> Australian Prime Minister Anthony Albanese ruled out major cuts to health, education and essential services in December’s budget update, but said savings were needed as inflation accelerates. He faces pressure from within Labor and from opponents and businesses. Inflation reached 4.3%, raising expectations of another interest rate rise.

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