It's been a busy but "bitsy" week in politics, and while Pauline Hanson's "sexy" plane and the announcement of a new US Ambassador to Australia briefly took the spotlight, the economy has been the key focus.

Inflation has dramatically spiked, the Prime Minister has effectively ruled out a gas profits tax and housing reforms are starting to take shape. But as Treasurer Jim Chalmers and Shadow Treasurer Tim Wilson continue their battle of the barbs, Shane Wright has a few Kate Bush inspired suggestions for the budget playlist.

Fran Kelly and Patricia Karvelas are joined by Shane Wright, senior economics correspondent for The Age and The Sydney Morning Herald on The Party Room.

Read Shane's piece on the capital gains tax here

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