Senate debates

Thursday, 9 November 2006

Questions without Notice

Interest Rates

2:10 pm

Photo of Glenn SterleGlenn Sterle (WA, Australian Labor Party) Share this | Hansard source

Mr President, I ask a supplementary question. Why does the Prime Minister continue to mislead Australians by saying that interest rates are still low, when debt and borrowing levels are three times higher today than they were 10 years ago? How is the Prime Minister’s false claim any help to battlers like Mr Phillips, who borrowed $50,000 to help his daughter buy a house and who may now have to cancel her wedding?

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