Slade Brockman (WA, Liberal Party) Share this | Link to this | Hansard source

The Labor government have no clue how to manage the economy. In fact, they keep acting like they are still in opposition, seeking to blame everyone in the room and taking no responsibility themselves. Let's have a look at some of the most recent data that has come out about the state of the Australian economy. The latest ABS statistics show that real household disposable income suffered its largest annual decline last financial year—a decline of 5.1 per cent. That is Australians becoming worse off under this Labor government. Based on the OECD data, Australian households suffered the largest income collapse in the world in the last financial year. In Bloomberg we see reports showing that Australia has the lowest rental availability amongst peer nations at a time when this Labor government has cranked up immigration to over 600,000 people in the last financial year. So there's a massive rental crisis and the highest inflation and the highest immigration ever.

The Economist this month ranked Australia the No. 1 nation in the world for entrenched inflation—two budgets in. So much for having a plan to tackle the cost-of-living crisis and so much for having a plan to tackle the inflation crisis that's smashing Australian families and smashing Australian small business. Shame on this Labor government.