Albanese government’s cost of living measures are ‘productivity measures’
Assistant Trade Minister Tim Ayres says the Albanese government’s cost of living measures are “productivity measures”.
Australia’s inflation rate rose from 3.6 per cent to 4 per cent in May.
Markets are now predicting a 67 per cent chance of a rate hike in August.
“What those tax cuts do, apart from providing welcome relief to Australians, alongside wage increases that middle Australia is receiving because of the government pushing for wage increases – what they do is lift workforce participation,” Mr Ayers told Sky News Australia.
Albanese government’s cost of living measures are ‘productivity measures’
“They show the first signs of assisting businesses and firms and workers to lift productivity.
“These measures are productivity measures, as well as measures that are assisting ordinary households and business.”