The Rudd-Gillard Government’s reckless spending has put more pressure on home borrowers, with the gap between the Reserve Bank cash rate and the standard variable mortgage rate increasing even further, said Shadow Minister for Housing, Senator Marise Payne.
Today’s 0.25 per cent interest rate rise by the Reserve Bank of Australia (RBA) is another blow to Australians paying off their homes and shows the folly of Labor’s inflationary stimulus spending, said Senator Marise Payne, Shadow Minister for Housing.
Senator Marise Payne, Shadow Minister for COAG, says a planned overhaul of the COAG agenda vindicates the Coalition‟s repeated calls for the agenda to be streamlined and casts further doubt over Labor‟s dismal reform credentials.
Today’s ABS September quarter inflation figures show that Labor’s excessive spending continues to put pressure on the cost of living for homeowners and tenants, with steep rises in power, water and rents accounting for most of the increase in the consumer price index (CPI).
Senator Marise Payne, Shadow Minister for COAG, has called on the Gillard Government to urgently deal with the backlog of national reforms at the next meeting of COAG which could be held before Christmas.