Deloitte Access Economics said it would be the biggest contraction in the budget’s underlying cash balance on record. Follow today’s news live
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Good morning and welcome to our live politics blog. I’m Martin Farrer with the top overnight stories and then it will be my colleague Emily Wind to take you through the bulk of the day in Canberra and beyond.
Our top story this morning surrounds Labor’s resolve to force the big tech companies to enforce its proposed ban on under-16s’ use of social media after the Silicon Valley heavyweights pushed back against the legislation. Meta said the bill is “inconsistent and ineffective” and that it should be delayed until there is more time to develop age verification technology.