And rising, as the Leader of the Opposition correctly outlines And these taxes are not to go towards schools, not towards benefits, not towards education but just to finance debt.

Think about the last federal budget and how vulnerable this government is leaving Australians. In the last federal budget, 10-year bond yields were assumed to be only 4.8 per cent. They're already up at around 5.3 per cent, and they will continue to rise, and with that the cost of servicing debt will continue to rise as well. Why? Because this Treasurer cannot kick his inflation addiction. We have underlying inflation running hot—too hot—for 14 straight months. It has been above the target band in 15 of the 18 quarters since Labor was elected. And despite how much they might want to turn around and blame international events, the facts and evidence simply do not back them up. When did underlying inflation go above the RBA's target band? The first bomb landed in Tehran at the end of February 2026. Underlying inflation went above the RBA's target band in July 2025. I don't know about you, but that sure as hell is a lot of shrapnel, all the way back to seven months ago. That is the reality. This government has been actively stoking inflation, and that is why Australians are getting poorer.

Australians desperately need hope, particularly those in small businesses, who are dealing with the consequences of record small-business insolvencies. They're dealing with the consequence of record numbers of Australians who are simply closing their doors because they can't keep their business operating or closing their business because they've got no-one to sell to. Unemployment is rising, inflation is rising, interest rates are rising and it just seems to be something that's accidentally happened to this government. Having an interest rate rise 16 times is not an accident. It might soon be 17 times—four times, 'accidentally', this year and possibly five soon. It is punishing and destroying so many Australians who simply want to keep their head above financial water. There is a reality, and there's a reckoning. This government has waved the white flag on inflation. They have surrendered to the inflation that they have stoked, and they have no pathway out.

The member for Moreton only a few weeks ago was out here in this chamber saying, 'What are you going to cut?' as though it was some sort of brilliant rhetorical device and then was out the doors at the front of this chamber only a few days ago saying: 'We've got to throw the kitchen sink at cutting spending. It's such a big problem now.' The member for Moreton is right. Somebody needs a plan. The Treasurer has run out of ideas. There's one good thing. This team, this opposition, this coalition alternative does have a plan. We have put forward $33.3 billion worth of savings, scrapping housing bureaucracies that don't build a bloody home, a climate bureaucracy—