Dutton hits back at Marles who suggested the Coalition ‘hasn’t positioned us well’ as Labor tackles cost of living crisis

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Opposition Leader Peter Dutton and Defense Minister Richard Marles clashed briefly during a heated debate on breakfast TV about the Australian economy and the cost-of-living crisis that continues to cripple already struggling households.

The Reserve Bank of Australia has already warned that it may need to raise its interest rates twice more before the end of 2022 to combat the “scourge” of inflation.

Economists also predict the cash rate – currently at 2.35 percent after a 0.5 increase this month – will jump another 50 basis points in October.

Treasurer Dr. Jim Chalmers warned again on Friday that the worst was yet to come for the Australian economy as US interest rates rose to their highest level in 40 years.

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Sir. Dutton and Mr. The Marles appeared together on Nine’s Today to discuss the day’s top news and cost of living measures to ease the pressure on families.

Host Karl Stefanovic wondered if the Albanian government went further in the federal budget on top of its low-cost childcare and medicine commitments.

Sir. Marles argued that it was not just Australia but the world that faced “quite significant headwinds” in terms of cost of living pressures.

“We’re looking at both North America and Western Europe with rising inflation, rising interest rates, and even China’s economy not performing as expected given their zero COVID policy,” he replied.

“A decade — a lost decade of reform within our own economy has not positioned us well to deal with this moment.

“We are confident that with a government that will actually manage the economy and focus on cost of living pressures, we can get through this.”

Dutton was asked his thoughts and questioned if “it’s all your fault” as the Coalition had been in power since late 2013 before Labor’s victory in May.

He claimed that “the foundations of the Australian economy are stronger than almost any other country in the world”.

“So put aside the rhetoric that Richard just gave you about the lost decade and all that nonsense, the increase in the pension was what happens every year,” he said.

“It is indexed to the CPI.

“Every government gets a curveball thrown at them. That’s how today’s government handles it. I’m worried that Labor will make a bad situation worse because they can’t manage money.

The opposition leader then hit out at the Albanian government for not bringing forward the childcare subsidy from July, nor continuing the fuel tax his party introduced when petrol prices rose sharply after the war in Ukraine.

“The childcare subsidy that Richard is talking about doesn’t come until the middle of next year. They are increasing petrol prices by 22 cents a litre,” Mr Dutton added.

“So when families need support, they don’t get it from this government.”

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