Welcome one and all to an extra chungus news day. That’s right, a ton of breaking news has been breaking all around the planet. So, with that in mind, let’s keep the bants brief and get straight into the nitty gritty. Here are some of today’s biggest headlines:
Rishi Sunak: The United Kingdom’s Next Prime Minister
In a historic day for Britain, the country is getting its first prime minister of colour, and his name is Rishi Sunak. This man got the gig after Liz Truss stepped down as prime minister and he received enough support to become the new leader of the Conservative Party.
The Conservative Party is currently in a difficult position as it’s recently gone through a bunch of major controversies. For instance, this group was forced to ditch a major tax cut for the rich, which the mere announcement of caused a lot of instability in the financial markets.
On October 24, Sunak said in parliament, “We now need stability and unity, and I will make it my utmost priority to bring our party and our country together.”
Sunak is British-born, privately educated, and a former-investment banker. He’s been a Conservative MP since 2015 for the seat of Richmond in Britain’s northern county of Yorkshire.
Policywise, Sunak has supported Britain’s departure from the European Union, which has made him popular in the party. He also reportedly attended parties at Downing Street during the COVID lockdown era.
One Million New Homes to Be Built Thanks to the Budget
Now, on to Aussie federal budget news. Today, the Labor Government is going to announce that they’ll be financially supporting one million new homes being built. They’ll be teaming up with the states and some private investors to make this plan a reality.
The aim of this scheme is to make housing more affordable for everyday people. This is huge because Australia is currently in the midst of a housing crisis. Too many homes are too expensive for too many people. This can be demonstrated by the fact that the median house price in Sydney, Melbourne, and Canberra is over $900,000.
If the government’s new scheme can actually create a dent in this affordability problem, a lot of Australians would be completely and utterly stoked.
Related: Labor’s $10 Billion Federal Budget Cuts — What Was Chopped?
Related: Labor’s First Budget Is Coming — Will It Improve Your Family’s Life?
Victoria’s $1.6 Billion Plan to Build and Better Its Schools
Speaking of big investments, the Victorian Labor Government has put a big one on the table. If they’re reelected, they’re promising to spend $1.6 billion on the state’s education system.
This money would go towards building 25 new state schools. It’ll also be spent on upgrading at least 89 established primary schools and high schools.
The Premier, Daniel Andrews, said in regards to this situation, “We want every Victorian child to have the best start in life, but you can’t get a first-rate education in a second-rate classroom. That’s why we’re delivering great local schools for every Victorian family.”
Read more stories from The Latch and subscribe to our email newsletter.