Australia news live: Nationals MP Colin Boyce to challenge David Littleproud for leadership; inflation climbs to 3.8% | Australia news

Australia news live: Nationals MP Colin Boyce to challenge David Littleproud for leadership; inflation climbs to 3.8% | Australia news


Colin Boyce to challenge Nationals leader David Littleproud

Dan Jervis-Bardy

The Nationals MP, Colin Boyce, will launch a challenge to overthrow David Littleproud in the fallout to the Coalition’s split.

The Flynn MP said he would move a motion to spill the Nationals leadership at a meeting on Monday, claiming Littleproud was leading the party “over the political cliff” after presiding over a second breakup with the Liberals in eight months.

Boyce said the Nationals were “committing political suicide” by blowing up the Coalition, arguing it would leave the party exposed to a “right-flank onslaught” from One Nation.

I will be moving a spill motion on Monday afternoon in the National party room to give my colleagues an option, because the reality is, if they follow the course they’re on now we are going over the political cliff.

More details to come.

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Key events

Inflation climbs to 3.8%

Patrick Commins

Patrick Commins

Inflation climbed to 3.8% in the year to December, from 3.4% in the month before, as strong underlying price growth added to the chance of a Reserve Bank rate hike on Tuesday.

While the latest headline inflation figures are well above the RBA’s 2-3% target range, they have been temporarily boosted by the rolling expiry of government power bill subsidies.

Removing the more extreme price moves, and the central bank’s preferred quarterly trimmed mean measure lifted to 3.4% through the year, from 3% in the September quarter.

Before the release of this morning’s figures from the Australian Bureau of Statistics, financial markets were predicting a 60% chance of a rate hike next week.

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