Australia commits $10 billion to ease cost of living pressures

Australia's Labor government has pledged to include AUD 14.6bn ($9.84bn) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation. The plan is designed to directly ease price pressures and inflation, and will provide financial assistance for more than 5 million low-income families, small businesses and pensioners struggling with high power bills. The government is set to unveil the budget on Tuesday.