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Labor’s economic scorecard:
❌ Taxes — 20yr high
❌ Spending — 40yr high
❌ Inflation — 4yrs > target
❌ Interest rates — 16 rises ⬆️
❌ Real wages — ⬇️ past year
❌ Productivity — ⬇️ past year
❌ Debt — $1 trillion + growing
❌ Real GDP per capita — lower than 2022
❌ Taxes — 20yr high
❌ Spending — 40yr high
❌ Inflation — 4yrs > target
❌ Interest rates — 16 rises ⬆️
❌ Real wages — ⬇️ past year
❌ Productivity — ⬇️ past year
❌ Debt — $1 trillion + growing
❌ Real GDP per capita — lower than 2022
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Labor claimed its tax changes would make it easier for first home buyers to get into the market.
The opposite is happening.
First home buyer loan numbers have plummeted, according to the most recent ABS data.
The opposite is happening.
First home buyer loan numbers have plummeted, according to the most recent ABS data.
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Real wages in Australia have fallen to levels last seen in 2011.
And they are not expected to recover until 2034.
If you are feeling worse off under this Labor Government, that is because you are worse off.
And they are not expected to recover until 2034.
If you are feeling worse off under this Labor Government, that is because you are worse off.
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A great win!
Thanks to all those — veterans, historians, community groups, concerned locals — who joined the campaign to save Victoria Barracks.
smh.com.au/politics/feder…
Thanks to all those — veterans, historians, community groups, concerned locals — who joined the campaign to save Victoria Barracks.
smh.com.au/politics/feder…
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Labor is spending an extra $11 billion per year on the public service wage bill.
That is worsening the Budget deficit, and doing nothing for productivity.
That is worsening the Budget deficit, and doing nothing for productivity.
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According to the Finance Minister, the great job Labor is doing is reflected in the economic data (record inflation, record interest rates, record debt, record insolvencies) and they deserve some “acknowledgement”.
!!!!!!
!!!!!!
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Today’s RBA decision means interest rates have been jacked up a massive 125 basis points this year.
Labor is trying to blame the Middle East.
But no other advanced economy has raised rates by nearly as much.
The difference: Labor’s unchecked spending is fuelling inflation.
Labor is trying to blame the Middle East.
But no other advanced economy has raised rates by nearly as much.
The difference: Labor’s unchecked spending is fuelling inflation.
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One year sure is a long time in politics.
Last year the Member for Wentworth was calling to raise the capital gains tax rate, including on startups and innovative businesses.
This year she pretends to be fighting Labor’s tax grab … which she spent last year fighting for. 🤔
Last year the Member for Wentworth was calling to raise the capital gains tax rate, including on startups and innovative businesses.
This year she pretends to be fighting Labor’s tax grab … which she spent last year fighting for. 🤔
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Other advanced economies have inflation under control.
Here, it’s accelerating and starts with a 4
🇯🇵 JP 2.1%
🇨🇦 CAN 3.1%
🇬🇧 UK 3.5%
🇳🇿 NZ 3.7%
🇺🇸 US 3.7%
🇪🇺 Euro 3.8%
🇦🇺 AUS 4.3% ‼️
➡️ The result of Labor failing to control spending and pursuing an anti-productivity agenda.
Here, it’s accelerating and starts with a 4
🇯🇵 JP 2.1%
🇨🇦 CAN 3.1%
🇬🇧 UK 3.5%
🇳🇿 NZ 3.7%
🇺🇸 US 3.7%
🇪🇺 Euro 3.8%
🇦🇺 AUS 4.3% ‼️
➡️ The result of Labor failing to control spending and pursuing an anti-productivity agenda.
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Follow up from my letter to ASIC regarding the failed Firmus IPO 👇🏽
The IPO failure is not itself the issue.
But allegations of misrepresentations about investor demand and commercial prospects, the adequacy of material disclosures, and potential conflicts of interest are different.
Such credible allegations need to be dealt with — and be seen to be dealt with — or they risk contaminating the integrity of and confidence in Australia’s capital markets.
The IPO failure is not itself the issue.
But allegations of misrepresentations about investor demand and commercial prospects, the adequacy of material disclosures, and potential conflicts of interest are different.
Such credible allegations need to be dealt with — and be seen to be dealt with — or they risk contaminating the integrity of and confidence in Australia’s capital markets.
The corporate regulator is probing the botched Firmus float, including a bookbuild led by an all-star cast of bankers promoting the ill-fated $44bn plan to list the artificial intelligence factory company on the ASX. Read more: bit.ly/4zX2kw7
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Government spending under Labor reached $786.6 billion last FY.
This year it will hit $829.6 billion.
In 2021-22, when pandemic-era support measures were still in place, total federal spending was $616.3 billion.
This massive spending growth is a direct driver of inflation.
This year it will hit $829.6 billion.
In 2021-22, when pandemic-era support measures were still in place, total federal spending was $616.3 billion.
This massive spending growth is a direct driver of inflation.
Jim Chalmers has refused to put a cap on near-record government spending that economists and the opposition insist must be reduced to tame inflation while admitting his ambitious budget is causing his colleagues to worry about Labor’s electoral fortunes.
smh.com.au/politics/feder…
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Of the 43 advanced economies around the world, only Iceland has higher interest rates than Australia.
Peristent inflation, fuelled by excessive government spending, is keeping borrowing costs high — and Australian households and small businesses are paying the price.
And rates further.
Peristent inflation, fuelled by excessive government spending, is keeping borrowing costs high — and Australian households and small businesses are paying the price.
And rates further.
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I wish he would not treat the public as fools.
PM Anthony Albanese on ABC 702 suggests the dirt sheet (my words) was created to highlight Helen's integrity achievements🙃.
The title of the doc was 'In the past two years - the member for Indi has asked for more than $1.8 billion worth of funding for projects she's selected.'
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There was an infamous meeting in Munich in 1938, where the fate of Czechoslovakia was discussed and settled in its absence.
History has not been kind to this meeting.
History has not been kind to this meeting.
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Terribly saddened and shocked to learn of the serious injury of Helen Haines MP in an incident outside her electorate office.
Helen and her family are in my thoughts and I hope for her full recovery.
Helen and her family are in my thoughts and I hope for her full recovery.
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What a way to treat a friendly country that has been the victim of unprovoked aggression and invasion from its neighbour Russia and is now fighting for its survival — by threatening them.
'Don’t burn your bridges’: Greens leader David Shoebridge warned the Ukrainian-Australian community not to get the minor party offside during a tense meeting after being challenged over the Greens’ opposition to providing military aid against Russia smh.com.au/politics/feder…
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I wrote to ASIC yesterday regarding the withdrawal of the Firmus IPO.
And asked ASIC to consider regulatory investigation, given a number of concerns about the accuracy of representations and the adequacy of disclosures made in connection with the IPO.
And asked ASIC to consider regulatory investigation, given a number of concerns about the accuracy of representations and the adequacy of disclosures made in connection with the IPO.
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Australia take note 👇🏽
We have already seen Iran’s IRGC direct terrorist attacks on Australian soil.
We should be seeking information from UK authorities to inform our own security posture and protect Australia.
We have already seen Iran’s IRGC direct terrorist attacks on Australian soil.
We should be seeking information from UK authorities to inform our own security posture and protect Australia.
🚨 BREAKING: Andy Burnham says the RAF Fairford plot was "almost certainly" directed by Iran's IRGC
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