The new British Prime Minister Liz Truss was elected on the premise of calm, stable government after the dramas of Boris Johnson but her political honeymoon lasted as long as it took her and Chancellor Kwasi Kwarteng to produce a wildly unpopular mini budget with unfunded tax cuts.

Will the British Government avoid a financial calamity?

7.30's experienced team brings you the latest current affairs and analysis.

News & Politics

Australia's universal health care system, Medicare is considered one of the best in the world. However tonight 7.30 will show how suspected fraud, misuse and billing errors are draining billions from Medicare every year.

Could $8 billion a year be lost to Medicare fraud and waste?

What may be the last of the congressional hearings into January 6th riots rolled out in Washington with new video footage taken behind the scenes on the day of the assault.

Donald Trump subpoenaed to testify over the deadly Capitol riots

Northern Victoria is in the grip of major flooding, with communities isolated and thousands of homes inundated. The region around Shepparton has been heavily impacted. Shepparton Mayor Shane Sali speaks to Sarah Ferguson.

Shepparton Mayor talks of the impact of the floods on his community

As the global outlook darkens, Treasurer Jim Chalmers is in Washington for meetings with G20 finance ministers as well as the IMF and World Bank.

Treasurer Jim Chalmers confident Australia can avoid a recession

While the Treasurer prepares to hand down his budget, speculation continues to swirl around the Albanese government’s pledge to honour the stage 3 tax cuts in 2024. To explore the Labor Party's philosophy around promises, here's a new ad from 7.30 satirist Mark Humphries and his co-writer Evan Williams.

Will the British Government avoid a financial calamity?

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