House debates Questions without Notice

Economy

Monday, 16 June 2008 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Shadow Treasurer

2:24 pm

My question is to the Prime Minister. I refer to last week’s release of the Westpac-Melbourne Institute consumer sentiment index, which shows that consumer confidence has dropped 23.3 per cent since last November and is now at its lowest level since December 1992. Given consumer confidence held up well through the Asian financial crisis, the September 11 terrorist attacks, the tech bubble, SARS and the worst drought in 100 years, isn’t this dramatic collapse in consumer sentiment a vote of no-confidence in your government’s economic management?

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