House debates

Monday, 30 October 2006

Questions without Notice

Interest Rates

2:06 pm

Photo of John HowardJohn Howard (Bennelong, Liberal Party, Prime Minister) Share this | Hansard source

No, I will not confirm that, because the truth is the proper comparison is the proportion of income on a new mortgage, and it is lower now than it was when you had interest rates at 17 per cent. If you actually look at the figures and the claim being made by the Leader of the Opposition, he cannot escape the heavy burden that Keating and Beazley equals 17 per cent; Howard and Costello equals 7¾ per cent. That is the measure of the difference between the economic stewardship of this government and the economic stewardship of the Australian Labor Party.

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