House debates Questions without Notice

Economy

Wednesday, 13 February 2008 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Shadow Treasurer

2:13 pm

My question is addressed to the Treasurer. I refer to the Reserve Bank’s regular and frequent observation that the deregulation of Australia’s labour market has moderated inflationary pressures compared to previous periods of high economic growth. Given the Prime Minister’s so-called five-point plan to fight inflation fails even to mention labour market reform, let alone its implications for inflation, will the Treasurer guarantee that the government’s plans to reregulate the labour market will not put upward pressure on inflation and on interest rates?

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