‘No question’ Labor policies ‘pushed’ inflation and interest rates up
George Washington University Assistant Professor Steve Hamilton says there is “no question” Labor contributed to the inflation and interest rate increases.
‘No question’ Labor policies ‘pushed’ inflation and interest rates up
This follows questions about the government’s spending amid interest rates and inflation rises.
Mr Hamilton told Sky News Business Editor Ross Greenwood the budget clearly shows “things the government controls and things the government doesn’t control”.
“All of the upside…comes from things the government doesn’t control.
“The things the government does control have actually made the budget radically worse off.
“In the last budget alone, there was $12 billion of extra spending.
“[This] pushed inflation up and pushed interest rates up.”