Shadow treasurer Angus Taylor has laid the blame of inflation on Labor “not the Kremlin” as he delivers a grim warning for Australia’s “working poor”.
In the traditional post-budget address to the National Press Club, the shadow treasurer continued honing the opposition’s message on inflation.
He said the government was “treating the symptoms, not the source of inflation” and was working against the Reserve Bank’s policy of monetary tightening. And with wages growth revealed on Wednesday to be above expected levels at 3.7 per cent, the RBA is set to further tighten the monetary screws. “By focusing on the symptoms, the budget divides Australia into the worthy few and the forgotten,” the shadow treasurer said.
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