Paul Fletcher (Bradfield, Liberal Party, Shadow Minister for Government Services and the Digital Economy) Share this | Hansard source

We've heard Labor throughout this week boast about its tax cuts, but, as usual, this is pure spin, with the reality far from anything resembling the alleviation of hardship. Just one more interest rate rise will wipe out more than half of the 1 July tax cuts for the average homeowner, and we know that most economists now expect the next movement in interest rates to be up.

Australians won't be conned by this Albanese Labor government, which is promising, as we enter the new financial year, that life's going to be easier. But that's the very same promise they made when they were first elected over two years ago, and hardworking Australian families and small businesses know from bitter experience that this is a false claim because they know from what's happening in their own lives that, after two years of this incompetent Labor government, food is up 11.4 per cent, housing is up 14 per cent, rents are up 14.2 per cent and electricity is up 21.5 per cent. That's what happens when you have a big-spending Labor government with no economic plan.

Australians know that what they need is a government with a track record of strong economic management. That doesn't mean quotes from Greek philosophers. It means a strong plan that only the coalition can deliver.

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