Up Late: Any cash handout from Chalmers will only be swallowed up by the mortgage

In tonight’s show, with Treasurer Jim Chalmers reportedly set to announce a $200 - $300 cash splash for every worker, Ben Harvey explains why the federal budget handout won’t do any favours for homeowners.

Headshot of Ben Harvey
Ben Harvey
The Nightly
In tonight’s show, with Treasurer Jim Chalmers reportedly set to announce a $200 - $300 cash splash for every worker, Ben Harvey explains why the federal budget handout won’t do any favours for homeowners.

In tonight’s show, with Treasurer Jim Chalmers reportedly set to announce a $200 - $300 cash splash for every worker, Ben Harvey explains why the federal budget handout won’t do any favours for homeowners, with Jim’s pocket money only likely to boost inflation driving up interest rates on top of Tuesday’s latest 0.25% hike.

WATCH TONIGHT’S UP LATE IN THE PLAYER ABOVE

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Treasurer learns harsh lesson but not before another rate rise leaves borrowers with the bill.