Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. I refer the Prime Minister to the comments of Mr Paul Bloxham, until recently a senior Reserve Bank economist and now HSBC chief economist, who says:

By choosing not to tighten fiscal policy sooner, the government has implicitly chosen higher interest rates than might otherwise have been the case.

Given the Gillard government is borrowing $100 million a day to fund its spending and given that mortgage interest rates have been higher on average under three years of Labor than under 12 years of the coalition in government, is this government just going from bad to worse?

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