The Australian election study has found Coalition has lost its perceived advantage on economic management, with Labor taking the crown. It comes as the Treasurer defends public service "re-prioritisations" and fresh inflation figure he's admitted are "higher than he would like".

Meanwhile, the Shadow Treasurer Ted O'Brien has used his Press Club speech to issue a pitch to young voters — warning that "Australia's intergenerational compact is disintegrating". But will it cut through?

Patricia Karvelas and David Speers break it all down on Politics Now.

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