Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

I withdraw. It is simply untrue to claim that the great bulk of those price increases are the result of the carbon price. They are not and he knows that to be false. The fact is the impact on the average household from the carbon price when it comes to the average electricity bill is $3.30 a week. He knows that is the case, but he is out there not telling the truth about the impact.

We have the Leader of the Opposition walking back from what he was saying a week or two ago about the impact of the carbon price. First of all he said it was going to put a wrecking ball right through our economy. The wrecking ball has gone out the door, and he is now saying it is going to be a python squeeze rather than a cobra strike.

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