That’s a wrap – thank you for reading The Australian Financial Review blog today. These were some of our main stories:

• Israel starts ground operation in Lebanon: The Israeli military says it has begun a “limited, localised” operation against Hezbollah targets in southern Lebanon, after days of preparations.
• The NDIS-ification of the economy is in full swing: A scheme only ever meant to cost $22 billion is underwriting a once-in-a-generation rise in government spending that rivals the mining boom in terms of scale.
• Rate cuts likely to save Albanese once again: The budget is back in the black and prices are easing. Interest rate relief in the lead-up to the election will complete the prime minister’s winning hand just as it hurt Scott Morrison in 2022.