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Sussan Ley
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Sussan Ley and Ted O'Brien

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Australians are paying the price for Labor’s mismanagement of the economy.
Under Labor, the cost of living crisis is getting worse, not better.
Today's interest rate hike is a heavy blow for millions of Australians already under pressure.

It did not have to happen.

Labor’s reckless spending has kept inflation higher for longer, pushing up the cost of everything from the weekly shop to the mortgage.

Despite the warnings, they kept spending and kept borrowing.

That is not serious economic management.

When Labor spends, Australians pay.
Labor have nobody to blame but themselves for the inflation surge Australians are experiencing.
Under Labor, Australia’s inflation rate is higher than every major advanced economy.
My team and I are focused and determined to hold the Albanese Government to account.

Their reckless spending has pushed inflation higher and families are paying the price at the checkout and on their power bills.

This is Labor’s cost of living crisis. They spend, prices rise. Australians pay.
The higher government spending is, the higher rates need to go to bring inflation down.
Labor’s inflationary spending is leaving Australians behind.
Home ownership feels unachievable, bills are rising, and many of us are forced to work harder just to get by.
We must create an Australia that rewards hard work, lowers inflation, and empowers its citizens.
That’s the Australia I’m working to build.
Official data confirms what families see every week: under Labor, the cost of living crisis is getting worse, not better.
Essentials are surging, driven by Labor’s spending.
Government spending is growing 13 times faster than we expected.
In fact, it’s at its highest level outside of a recession in 40 years.
This is not sustainable. It will result in higher taxes and higher prices for all Australians.
Because when Labor spends, Australians always pay.
Labor has failed to manage their home-grown inflation crisis, and Australians are paying the price.
Australians were promised relief but are now being asked to brace for more hip-pocket pain.
Labor’s spending has blown out from 24% to 27% of GDP, the highest level outside a recession in nearly 40 years.
Today, we’re announcing a comprehensive deregulation agenda to get Australia’s economy moving again.
 
At its core is slashing government red tape that’s holding back growth, investment, and innovation.

Less red tape will mean our tradies, farmers and businesses can spend less time dealing with government and more time creating, growing and trading.
 
Since coming to office, Labor has introduced thousands of new regulations and hundreds of new laws, adding billions of dollars in compliance costs.
 
The Liberal Party knows Australia’s economic recovery won’t come from Canberra writing more rules – it will come from backing Australians to take risks, start businesses, build homes and create jobs.

That’s exactly what we’re going to do.
When governments lose control of spending, families pay the price.

Independent experts have now confirmed that most of Labor’s $57 billion budget blowout comes from higher spending, not lower tax revenue, despite what Treasurer Jim Chalmers has claimed.

Why does that matter to you?

Because when government spends too much:
•Prices stay higher for longer
•Interest rates are pushed up
•Mortgages, rents and everyday bills cost more
•And debt gets handed to the next generation to pay for with higher taxes. 

Strong budgets are not about politics. They are about protecting living standards and keeping pressure off family finances.

Australians deserve honesty, discipline, and economic management that works for them.
Anyone can be an inflation spotter because under Labor, you see it everywhere.

⬆️ Food up 16 per cent
⬆️ Rents up 22 per cent
⬆️ Electricity bills up nearly 40 per cent.

And the average mortgage holder paying around $21,000 a year more in interest than under the Liberals.

This is what Labor’s economic mismanagement looks like in real life. Higher bills, higher repayments, and less left at the end of the week.

The Liberal Party has been clear about the direction we would take. Living within our means to put downward pressure on inflation, delivering affordable and reliable energy, and cutting personal income taxes so Australians can keep more of what they earn.

What Australians choose to spend their money on is their call.

Our job is to make sure they can afford to make that choice.

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