Liberal Party NSW
Connect with the NSW Liberals
  • Our Team
    • State Liberals
    • Meet Mark Speakman
    • Federal Liberals
  • Our Party
    • Our Structure
    • Our Beliefs
    • Our History
    • Our Leaders
    • Join Our Party
    • Friends of the Liberal Party
    • Liberal Women's Council
    • NSW Young Liberals
  • News
    • Federal News
    • State News
  • Get Involved
  • Contact
  • Volunteer
  • Members' Login
Join Donate

Spin no substitute for bringing down inflation

30 June 2023
Share this
Related Articles

The Albanese Labor Government is trying to pull the wool over the eyes of millions of Australians struggling under the rising cost of living by claiming significant relief is on the way from July 1. 

The Treasurer is telling Australians things will get easier from tomorrow but the reality is, his cost of living measures won’t make a dent in household budgets because he’s dealing with the symptom not the source of inflation. 

Shadow Treasurer Angus Taylor said the Jim Chalmers shouldn’t take Australians for mugs. 

“The Treasurer is a doctor of spin, not a doctor of economics,” Mr Taylor said. 

“Families and small businesses have been waiting more than a year for promised cost-of-living relief under Labor. 

“The reality is this will be a band-aid on a bullet wound for millions of Australians suffering under a year of Labor’s inflation. 

“After a year of Labor, Australia’s core inflation is leading most advanced economies. Labor has let inflation get out of control. 

“Labor’s $185 billion in spending across its two budgets is not taking pressure off inflation. An additional $3.8 billion of spending rushed out the door in the last two weeks won’t make it better and the economy is weakening on its watch. 

“Any energy price subsidy will be completely eaten up by skyrocketing energy bills and any increase to childcare subsidies will be swallowed by rising fees.

“Labor has limited the eligibility and lowered the instant asset write off to the lowest level since 2019, while prices have risen on its watch. For millions of Australian small businesses, this confirms what they already suspect about Labor: it’s spent more time understanding spin, than understanding business.”

Shadow Minister for Finance Jane Hume said Labor’s broken promises are making Australians poorer.

“Anthony Albanese promised that Australians would be better off under Labor – well I think you’d be hard pressed to find any Australian that feels better off right now,” Senator Hume said.

“If the government was really doing its job, it would be controlling its spending to signal to the RBA that it doesn’t need to keep raising interest rates to bring down inflation. 

“Getting inflation down is the only way the government can give consistent cost of living relief to all Australians in a sustainable way. But we are seeing underlying inflation remaining above 6%.

“That's what Anthony Albanese and Jim Chalmers need to be focusing on right now. Unfortunately, we are seeing quite the opposite,” Senator Hume said.

Related Articles: #Portfolios - Federal

Labor's Dodgy Mobile Black Spot Funding Faces ANAO Probe

Labor's Dodgy Mobile Black Spot Funding Faces ANAO Probe

Labor's Dodgy Mobile Black Spot Funding Faces ANAO Probe Labor’s dodgy funding of the Mobile Black Spot Program is facing serious scrutiny by the Auditor-General.

7 July 2023

Parliamentary accountability and transparency falling under Labor

Parliamentary accountability and transparency falling under Labor

“Halfway through the year, the pattern is clear: Parliamentary accountability and transparency is falling under Labor,” Manager of Opposition Business in the House of Representatives, Paul F...

4 July 2023

Labor's 24/7 Nurses D-Day Hits Australia's Aged Care Sector

Labor's 24/7 Nurses D-Day Hits Australia's Aged Care Sector

Today is a date that has been dreaded by age care providers across the country, as Labor’s expedited 24/7 registered nurses requirement hits the sector amidst a severe workforce crisis.

3 July 2023

Authorised by Chris Stone, Liberal Party of Australia, NSW Division, Level 2, 131 Macquarie Street, Sydney NSW 2000.

Donations by individuals to registered political parties of between $2 and $1,500 in a financial year are tax deductible. Phone: 02 8356 0300.

Privacy Policy

Liberal Party NSW