Labor has no plan to help Australians with the cost of living crisis.

Dear
Friend,
Tonight’s Budget makes it clear Labor has no plan to help Australians with the cost of living crisis.

This big-spending, big-taxing Budget will not build a stronger economy and is not fair to all Australians.

It does not address any structural budgetary challenges and will make life harder for Australian families, small businesses, self-funded retirees and mortgage holders.

After less than a year in Government, there is $185 billion of extra spending, which makes inflation worse and does nothing to help you or your family get ahead.

Instead, this Budget makes the situation worse. In fact, with the combined impact of interest rates and inflation, a typical Australian family is $25,000 a year worse off since the Albanese Government was elected.

The Budget confirms:
* There will be no growth in real wages this year.
* The cost of living will continue to rise.
* Gas and electricity bills will continue to skyrocket.
* Unemployment will rise.
* Inflation will remain stubbornly high.
* Australians will continue to face higher taxes.

This is a Budget of broken promises.

The Treasurer said the rate of unemployment would be the ultimate test. But his own Budget shows unemployment will rise.

The Prime Minister promised “cheaper mortgages” and “cheaper electricity bills”. But Australian families are making higher mortgage payments, and power bills are skyrocketing.

You always pay more under Labor.

Regards,

Angus Taylor
Shadow Treasurer


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Authorised by A. Hirst for the Liberal Party of Australia.
Corner of Blackall and Macquarie Streets, Barton ACT 2600.
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