House debates

Tuesday, 25 November 2008

Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008

Second Reading

8:38 pm

Photo of Chris PearceChris Pearce (Aston, Liberal Party, Shadow Minister for Financial Services, Superannuation and Corporate Law) Share this | Hansard source

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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