Senate debates Questions without Notice

Cost of Living


Simon Birmingham

Simon Birmingham SA, Liberal Party, Shadow Minister for Foreign Affairs

2:35 pm

My question is to the Minister representing the Treasurer, Senator Farrell. I ask the minister: is it correct that newly released analysis of OECD data indicates that—and I quote from the Australian Financial Review'Australian households have suffered the largest fall in living standards of any advanced economy over the past year' as a result of high inflation, increasing mortgage repayments and the effects of bracket creep on income tax?

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