Press PLAY below to hear Anthony Albanese’s first interview as PM on 2GB Breakfast 

Prime Minister Anthony Albanese has vowed to help ease the pressure on the cost of living.

While some aspects are out of the government’s control, Mr Albanese says the next budget will focus on the price of medicine and childcare.

“We want to make sure that we deal with putting downward pressure on inflation by dealing with supply side issues,” he told Ben Fordham.

Businesses across the country are being forced to reduce their hours or close all together because of a lack of staff.

Tens of thousands of people are ready to come to Australia but the visa approval process is severely lagging.

Mr Albanese told Ben Fordham “there is movement” to help clear the backlog.

“We have reallocated staff from other areas into visa processing.”