After Labor handed down its fifth budget, Anthony Albanese spent the week answering one question – had he broken his promise?

The government wanted the budget framed as a fairness agenda built around changes to negative gearing, capital gains tax and trusts, and a pitch to younger Australians locked out of housing.

Instead, the immediate political fight became whether voters could trust the Prime Minister.

But the noise around broken promises obscures deeper conversations about what the housing tax changes will actually deliver, the omission of a gas export levy and the tens of billions of dollars being cut from the NDIS.

Meanwhile, Angus Taylor’s budget reply showed where the Coalition wants the argument to go next – migration, welfare and net zero, as One Nation surges in the polls.

Today, Cheek Media CEO and host of Big Small Talk Hannah Ferguson discusses the ambition, compromises and contradictions in Labor’s budget – and what young voters are being asked to accept.

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Guest: Cheek Media CEO and host of the Big Small Talk podcast, Hannah Ferguson.