House debates Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008

Second Reading

Tuesday, 25 November 2008 House of Representatives

Chris Pearce

Chris Pearce Aston, Liberal Party, Shadow Minister for Financial Services, Superannuation and Corporate Law

8:38 pm

We have had this declaration of war on inflation and yet every quarter inflation has gone up. So I am not sure how the war on inflation is going, Member for Dawson. Three hundred thousand Australians have had their investments frozen. Senior Australian business leaders have called on the government’s policy to change. Consumer confidence and business confidence are at an all-time low. Inflation is at a 13-year high. Unemployment is now forecast to rise, and the government says—

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