Albanese government to make AUKUS subs announcement on Tuesday

Sky News Political Editor Andrew Clennell says one of the biggest announcements by an Australian government is set to happen on Tuesday. Mr Clennell said Prime Minister Anthony Albanese is expected to commit in excess of $150 billion over 30 years for the AUKUS nuclear submarines. “As one senior government source said to me, this is not just a big defence deal, it is ‘the most consequential industry policy since the John Button car plans in the 1980s’,” he said. “The expectation is that this announcement will lift defence spending for 30 years from two per cent of GDP to 2.5 or even three per cent.”