Tim Wilson Update - LIberal Party

 

Dear All,   New inflation data shows Australia was left exposed to high inflation even before the Iran conflict.   Before the outbreak of conflict in Iran, February inflation was higher in Australia than in every major advanced economy.  At 3.7%, inflation here is greater than France (0.9%), Japan (1.3%), Italy (1.5%), Canada (1.8%), Germany (1.9%), United States (2.4%), and the United Kingdom (3.0%). The most persistent inflation is homegrown – which has risen from 4.9% to 5.0% – and fuelled by Labor’s out of control spending.  Instead of easing pressure, government spending is adding to inflation risks at a time when Australians need relief.   Australians are already paying the price through higher mortgages, groceries and energy bills.    Australia needs a renewed focus on economic discipline.   That means getting spending under control, restoring respect for taxpayers, and backing policies that lift productivity so hard work pays off again.   Australians deserve an economy where they can get ahead, not one where they feel like they’re falling behind.   Kind regards, Tim Wilson Shadow Treasurer