House debates

Wednesday, 17 November 2010

Questions without Notice

Interest Rates

2:56 pm

Photo of Andrew RobbAndrew Robb (Goldstein, Liberal Party, Chairman of the Coalition Policy Development Committee) Share this | Hansard source

My question is to the Prime Minister. I refer the Prime Minister to the fact that, after seven interest rate rises in a row under this government, a family with an average mortgage is now almost $6,000 a year worse off. Prime Minister, isn’t it true that interest rates would be significantly lower today had $10 billion not been wasted on programs such as insulation and school halls? And why won’t the government take steps to reduce the need to borrow $100 million a day when that is adding further upward pressure on interest rates?

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