The Prime Minister wants voters to trust him, while Labor leader Anthony Albanese wants them to blame him.
Scott Morrison is fighting for survival at the federal election by making three central claims about the help he offers Australians at a dramatic turn of the nation’s economic tide.
The three claims are based on fact and are essential to what Morrison calls the “shield” that can protect households from financial pain. He listed them without hesitation on Tuesday after the Reserve Bank lifted interest rates. Peak business groups seem comfortable with the idea of a Labor government and are not expressing any alarm about what it would mean for their profits or share prices.
In some ways, this is a contrast between the backyard and the boardroom: Albanese tries to channel household anger at the government, while Morrison offers the reassurance of the incumbent.Alex EllinghausenUnemployment is at a level that few predicted and voters may remember the financial payments and the JobKeeper wage subsidies that helped them through the pandemic.
The regular replacement of prime ministers over the past 15 years means that Morrison is the first to serve a full term since John Howard. And just like Howard in 2007, Morrison has to handle an RBA rate rise in the middle of the campaign.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aussie households facing 'debt bomb' as interest rate hikes loomResearch shows approximately 42.2 per cent of households are already in "mortgage stress".
Read more »
Rate rise ‘needed’ for RBA independenceReserve Bank governor Philip Lowe has been urged to ignore the election campaign and cement the RBA’s independence from politics by raising interest rates on Tuesday to tame inflation.
Read more »
ASX to drop; Wall St plunges on growth, rate worriesAustralian shares poised to fall 1.3pc at the open; Nasdaq sheds 4.2pc; $A tumbles to US70.61¢; US 10-year bond yield jumps 11bps to 2.93pc. Follow the latest here.
Read more »
First time buyers prepare for rate rises, parties battle over housingThe RBA is poised to lift interest rates on Tuesday. More than 250,000 people in NSW and almost 350,000 in Victoria have never seen a rate rise on their loan. interestrates RBA
Read more »
Labor, Coalition switch election pitch to seniors as Scott Morrison distances himself from possible rate riseThe two major parties are pitching directly to senior voters, promising an expansion to the health concession card and cheaper medications. auspol AusVotes22 ausvotes
Read more »
Aussie households facing 'debt bomb' as interest rate hikes loomResearch shows approximately 42.2 per cent of households are already in "mortgage stress".
Read more »