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Dear Friend,
It is two years since Labor was elected, after promising a $275 reduction in power bills, cheaper mortgages and to make families better off.
Labor’s promises have been broken.
Last week, every credible economist was scathing of Labor’s Budget, which failed to tackle inflation and is making our economic situation worse.
As the Reserve Bank Governor has noted, our inflation is increasingly homegrown.
It is worse because of Labor’s weak economic management, including $315 billion in extra spending, a 5.4% fall in productivity, and “renewables-only” energy policies.
High inflation means higher interest rates.
Under Labor, a typical family with a mortgage is now more than $35,000 worse off.
While Australians are struggling to pay mortgages and rents, Labor is making the housing crisis worse by bringing in a record 1.67 million migrants over 5 years.
[Read more about Labor’s bad decisions here.]([link removed])
Friend, last week I outlined some positive policy alternatives.
These include measures to: rebalance immigration to alleviate pressure on the housing market; increase workforce participation; support small businesses; deliver more affordable energy; incentivise junior doctors; and boost Defence and community safety.
Labor is clearly focused on politics and the next election.
The Liberal team will continue to focus on policies that will get Australia back on track.
[If you would like to help us with a donation, please click here]([link removed]).
Kind regards,
Peter Dutton
Leader of the Opposition
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Authorised by A. Hirst, Liberal, Canberra.
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