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.
