Albo tipped to lose another minister
Anthony Albanese is expected to lose another minister, with Assistant Treasurer Stephen Jones expected to retire at this year's federal election.
He is expected to stand down as Assistant Treasurer and Financial Services Minister when the Prime Minister announces the date for the election, Sky News reported on Thursday.
A federal election must be held on or by May 17 this year.
Speculation is growing that the election could be held in April, especially if the Reserve Bank cuts the official cash rate at its February meeting following better-than-expected inflation data on Wednesday.
Mr Albanese has already lost cabinet ministers Bill Shorten, Linda Burney and Brendan O'Connor who have all announced their retirements. Mr Shorten has already left parliament.
Mr Albanese faces an uphill battle to win a second term, as Australians struggling under cost of living pressures turn away from the PM.
The most recent Newspoll released on Monday showed a majority of Australians are expecting the Coalition to win the election.
The survey, conducted by The Australian, also found the Coalition was again leading the incumbent Labor by a margin of 51-49 on a two-party preferred.
Asked what party would win if an election was held in the next 12 months, only 47 per cent of respondents said Labor would govern on its own or with minor party support. By contrast, 53 per cent of people involved in the poll said the Liberal-Nationals coalition would be the likely winners, though most said they would also need support.
The seat of Whitlam, held by Mr Jones, is relatively safe with a margin of about 8 per cent
Mr Jones, 59, was first elected to federal parliament at the 2010 election for the Wollongong-based seat of Throsby. Following a redistribution in 2016, he has been the MP for Whitlam.
The seat is a relatively safe seat.
He has been on Mr Albanese's front bench since Labor won the 2022 election.
His responsibilities have included government policy for superannuation, scams and charities.
Mr Jones is expected to formally announce his retirement on Thursday morning.
More to come
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