Steven Ciobo (Moncrieff, Liberal Party) Share this | Hansard source

I will do so. I apologise, Mr Deputy Speaker. The fact is that the Labor Party has form. Under the Australian Labor Party, interest rates were at 17 per cent and the average interest rate was significantly higher than it is now. For 13 years, the average interest rate under Labor was 12¾ per cent versus an average interest rate under the coalition of 7.17 per cent, and today’s rate is 7.8 per cent. People are saving more money now than they would have under the Australian Labor Party.

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