Angus Taylor - Liberal Party of Australia

 

Dear All,   The Reserve Bank has raised interest rates again.   The cash rate has increased from 3.85 per cent to 4.10 per cent. That means there have now been 14 interest rate rises under the Albanese Government.   For many Australians it means higher mortgage repayments and more pressure on household budgets that are already stretched.   Families across the country are being forced to make tough choices about what they can afford.   We should not be in this mess.   The government says global events are the main cause of inflation. But the truth is that many of the pressures are being created here in Australia. It is not everyone else's fault.   Government spending is now at its highest level outside a recession in 40 years. At the same time, Labor is locking Australia into a decade of deficits and pushing debt towards $1 trillion.   Economists are clear about what happens when governments spend too much. It pushes inflation higher.   And when inflation stays high, the Reserve Bank has little choice but to lift interest rates. That is the cycle Australian households are now caught in.   Today, the average mortgage holder is paying around $27,000 more each year in interest compared with when Labor came to office.   Meanwhile the cost of everyday life keeps rising. Electricity prices are up almost 40 per cent, insurance is up 39 per cent, rents have increased 22 per cent, and food prices are up 16 per cent.   Living standards have fallen and too many Australians are going backwards.   Australians are being forced to pick up the tab for Labor's reckless spending.   We deserve better.   The Coalition will fight for you. We will restore our standard of living and protect our way of life.   Because Australia is worth fighting for. Kind regards, Angus Taylor Leader of the Opposition