Squiz Today Patching up the former Coalition, and a despicable dilemma
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Feb 3, 2026 A political patch-up and shifting alliances in Canberra. How recent interest rate moves might hit household budgets. The US plan to stockpile critical minerals and ties to Australia. A national heritage rescue for the Cerne Giant. A copyright snafu that derailed a skater’s Minions routine.
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Coalition Split Reshapes Parliament
- The federal coalition split changed parliament dynamics, making the crossbench equal in size to the Liberals and altering question time allocation.
- That reduces opportunities for the Liberals and Nationals to hold the government to account and shifts influence to the crossbench.
Interest Rates Rise Amid Inflation Concerns
- The RBA raised interest rates by 0.25% to 3.85% citing rising inflationary pressures and productivity concerns.
- Treasurer Jim Chalmers rejects claims that government spending is the main driver of cost-of-living pain.
US Moves To Reduce China Reliance
- The US announced a $17.2 billion plan to build a critical minerals stockpile to reduce dependence on China.
- The move follows a US-Australia deal and could bring local investment in Australian projects.