The independent Reserve Bank has confirmed that the Albanese Government’s energy plan is helping moderate inflation in our economy.

The RBA says the federal government’s energy plan will do exactly what the economy needs it to do and exactly what Australian households and businesses need it to do: take some of the sting out of high power prices.

Over this year and next, increases in wholesale costs are expected to be dampened by the Australian Government’s Energy Price Relief Plan according to the Reserve Bank in its recent Statement on Monetary Policy.

Although it will take some time for the benefits to fully flow through, there are encouraging signs that our action is starting to work.

Critically, the Reserve Bank said the Government’s action on energy was taking some of the pressure off inflation in our economy.

By helping address the inflation challenge, we’re not making the job of the Reserve Bank harder.

This inflation challenge is the defining feature of our economy – and that makes it the Government’s big focus.

Labor’s plan for inflation has three parts:

• Providing responsible cost‑of‑living relief,
• Tackling the supply chain and capacity challenges that were left to us, and
• Delivering a responsible Budget with spending restraint.

Inflation is still unacceptably high, and it will stay higher than we want it to for longer than we want it to.

However, the RBA has said price pressures were likely to have begun moderating.

Inflation is likely to have peaked around the end of 2022 and is forecast to return to the target range over coming years,” the RBA said.

The fact that the RBA confirms Labor’s energy package is working makes it even more disappointing that the Opposition voted against it.

The Coalition wants inflation to be higher, we want it to be lower.

Labor understands Australians are doing it tough. That’s why the Albanese Government will keep its focus on delivering responsible cost‑of‑living relief and dealing with the inflation challenge in our economy.

Every 26 January, an almost predictable occurrence in our ongoing national conversation, is the appropriateness of that date as our so called ‘national day’. Thats right: ‘Australia Day’.

We do know that on 26 January 1788, Captain Arthur Phillip, in command of a fleet of ships, raised the Union Flag and proclaimed British ‘sovereignty’ over the eastern half of the Australian continent. It was the commencement of colonial rule and the occupation of land by force of arms.

However, we also know that for our First Nations, January 26 is not a day of celebration. Instead, it is a day of mourning, of invasion and of survival in the face of oppression, genocide, cruelty and assimilation.

This fact begs the question. How can we truly have 26 January as our national day when it is a symbolic date of tyranny for others?

How can we truly call it our ‘national day’ when we indeed did not become a nation on 26 January 1788? (What former colonial possession celebrates the day it become a colony as their national day?).

Then, for some of our ancestors, 26 January was a date of forced imprisonment as a result of a harsh and brutal judicial system that punished the poor, whilst making others very wealthy.

Every year, the call to change the date of our ‘national day’ gets louder. Every year, more Australians are expressing their view that 26 January is not an appropriate date to be proud of, but a date steeped in colonialism that does not mean a day of freedom, but a day of repression.

Some Australians are now eager, out of respect to our First Nations communities, to swap the public holiday for another, recognising 26 January as a Day of Mourning, with nothing to celebrate, nothing to be proud of.

However, it is acknowledged that changing the date is but one step. But it is indeed a vital step in the long road to reconciliation with our First Nations people. We still have much more to do to recognise our past and walk together for our future.

We, as a nation, cannot be frightened to have a proper, respectful debate about our so called national day. Australians must confront the reality that 26 January significantly fails us as a modern nation. It is not a day of national unity, but a continuing symbol of imperialist domination, oppression and subjugation.

We need a day that all of us can celebrate.

Rod Beisel is secretary of Annerley Labor