Shadow treasurer Angus Taylor is speaking in Perth about the latest jobs and unemployment figures.
Speaking alongside Michaelia Cash, Taylor said Australians were facing increasing cost-of-living prices, and it was getting worse.
“Those pressures are bearing down and there’s more pain in the pipeline … as hundreds of thousands of Australians move from fixed rate mortgages to floating rate mortgages in the coming months,” Taylor said.
Shadow treasurer Angus Taylor says Australians are facing “more pain” as cost-of-living pressures increase. Credit: Alex Ellinghausen
He said the government should stop running away and that it “hides behind the Reserve Bank [of Australia].”
“We don’t need a treasurer that hides behind the Reserve Bank on these issues. We don’t need a treasurer that hides behind his forecasting, his grim constant forecasting and commentary,” Taylor said.
He said he wanted the government to provide clear plan to ease this pressures in the budget next month.
“A plan with real fiscal constraint, not just talking about it, not adding $115 billion of spending as the government did in the last budget. We need to see a government that manages its spending,” Taylor said.
The shadow treasurer said the government shouldn’t plan to raise taxes.
“Whether it’s superannuation tax, franking credits, income taxes, we know the government is running the ruler over many taxes … Higher taxes are not the answer to the challenges that Australians are facing.”
