{"id":370110,"date":"2026-04-01T22:23:17","date_gmt":"2026-04-01T22:23:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/370110\/"},"modified":"2026-04-01T22:23:17","modified_gmt":"2026-04-01T22:23:17","slug":"albanese-says-australia-vulnerable-before-fuel-crisis-as-he-announces-1bn-in-new-loans-for-struggling-businesses-anthony-albanese","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/370110\/","title":{"rendered":"Albanese says Australia vulnerable before fuel crisis as he announces $1bn in new loans for struggling businesses | Anthony Albanese"},"content":{"rendered":"<p class=\"dcr-130mj7b\">Anthony Albanese says the global energy crisis will not weaken Labor\u2019s ambitions for urgent economic reforms, promising the May budget will fight inflation and deliver for Australians who feel the system no longer works for them.<\/p>\n<p class=\"dcr-130mj7b\">In a major address as the war in Iran <a href=\"https:\/\/www.theguardian.com\/australia-news\/2026\/mar\/30\/albanese-trump-iran-energy-crisis-analysis\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">wreaks havoc with the Australian economy<\/a>, the prime minister will tell the National Press Club in Canberra on Thursday that the country was vulnerable before the current crisis and must be better prepared for future international shocks.<\/p>\n<p class=\"dcr-130mj7b\">\u201cThere is no security in maintaining a status quo that doesn\u2019t work for people,\u201d Albanese is expected to say, as laid out in a preview of the speech.<\/p>\n<p class=\"dcr-130mj7b\">\u201cFor our government, international uncertainty is not an excuse to delay, or hold back reform. It is the reason we must press ahead.\u201d<\/p>\n<p class=\"dcr-130mj7b\">Announcing $1bn in new interest-free loans for businesses hit the hardest by fuel shortages and collapsing consumer confidence, Albanese will pledge to do everything possible to protect Australian businesses and households from the fallout.<\/p>\n<p class=\"dcr-130mj7b\">The new loans will be targeted at the transport and freight sectors, as well as fuel and fertiliser producers.<\/p>\n<p class=\"dcr-130mj7b\">Under the plan, loans financing will begin to flow by the middle of April.<\/p>\n<p><a data-link-name=\"standard link button Primary\" data-spacefinder-role=\"inline\" data-ignore=\"global-link-styling\" href=\"https:\/\/www.theguardian.com\/email-newsletters?CMP=copyembed&amp;CMP=emailbutton\" class=\"dcr-svb9qg\" rel=\"nofollow noopener\" target=\"_blank\">Sign up for the Breaking News Australia email<\/a><\/p>\n<p class=\"dcr-130mj7b\">\u201cThese firms are not just being affected by this crisis, they are essential to Australia getting through this crisis,\u201d Albanese will say.<\/p>\n<p class=\"dcr-130mj7b\">\u201cSo our government will extend their credit to help them, and the farmers and producers who rely on these supply chains, to weather the storm.<\/p>\n<p class=\"dcr-130mj7b\">\u201cThis is just another way we are acting to get ahead of issues.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"Australian PM says \u2018next few months may not be easy\u2019 in rare address to the nation \u2013 video\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/04\/2973.jpg\" height=\"259\" width=\"460\" class=\"dcr-1qi2at0\"\/>Australian PM says \u2018next few months may not be easy\u2019 in rare address to the nation \u2013 video<\/p>\n<p class=\"dcr-130mj7b\">The speech will be made a day after his <a href=\"https:\/\/www.theguardian.com\/australia-news\/2026\/apr\/01\/albanese-prime-minister-address-nation-middle-east-crisis\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">address to the nation<\/a> on Wednesday night, in which the prime minister encouraged Australians to play their part in the crisis, including by saving fuel for the areas and industries that needed it most.<\/p>\n<p class=\"dcr-130mj7b\">He said the government would work to <a href=\"https:\/\/www.theguardian.com\/australia-news\/2026\/mar\/30\/fuel-crisis-australia-government-measures-excise-explained-petrol-prices-cheaper\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">bring the price of fuel down<\/a>, to make more fuel onshore and shore up struggling international supply chains.<\/p>\n<p class=\"dcr-130mj7b\">Before the Easter long weekend and with fuel shortages continuing around the country, Albanese will outline the government\u2019s position on the US and Israel\u2019s war and the disruption caused by Iran\u2019s moves to block oil supplies moving through the strait of Hormuz.<\/p>\n<p class=\"dcr-130mj7b\">He will promise careful planning but concedes no government could fully eliminate the pressures the crisis will impose.<\/p>\n<p class=\"dcr-130mj7b\">\u201cBut we can be a buffer against the worst of it. A shock absorber, in a time of global shocks.\u201d<\/p>\n<p class=\"dcr-130mj7b\">Albanese has distanced himself from the US president, Donald Trump, in recent days, arguing the original objectives of the war had largely been met and lasting regime change would be impossible without American troops on the ground in Iran.<\/p>\n<p class=\"dcr-130mj7b\">As Pauline Hanson\u2019s <a href=\"https:\/\/www.theguardian.com\/australia-news\/one-nation\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\" rel=\"nofollow noopener\" target=\"_blank\">One Nation<\/a> surges in opinion polls, Albanese says nostalgia for bygone eras won\u2019t protect families and businesses, and warns against importing solutions from overseas.<\/p>\n<p class=\"dcr-130mj7b\">\u201cBecause we will not generate the same prosperity or create the same opportunities if we continue to rely on an economic model designed in a different time and built for a more predictable world,\u201d he will say.<\/p>\n<p class=\"dcr-130mj7b\">\u201cNor can we go back to those days.<\/p>\n<p class=\"dcr-130mj7b\">\u201cAny party or leader who promises otherwise, anyone who pretends that the solution to housing or jobs or wages or health is to somehow recreate the 1950s or 60s, or whatever time they imagine everything was hunky dory, is simply not being fair dinkum.\u201d<\/p>\n<p class=\"dcr-130mj7b\">Albanese is also expected to talk up Labor\u2019s Future Made in Australia policy plans and the benefit of recent international deals on critical minerals and trade with <a href=\"https:\/\/www.theguardian.com\/world\/2026\/mar\/24\/ursula-von-der-leyen-iran-us-hormuz-crisis-australia\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">the European Union<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Anthony Albanese says the global energy crisis will not weaken Labor\u2019s ambitions for urgent economic reforms, promising the&hellip;\n","protected":false},"author":2,"featured_media":370111,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":{"0":"post-370110","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-il","11":"tag-israel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/370110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=370110"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/370110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/370111"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=370110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=370110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=370110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}