Senate debates

Tuesday, 14 November 2023

Questions without Notice

Cost of Living

2:53 pm

Photo of James McGrathJames McGrath (Queensland, Liberal National Party, Shadow Assistant Minister to the Leader of the Opposition) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. As has been pointed out several times in this chamber, new analysis of OECD data reveals that Australians have experienced a greater collapse in living standards than any other advanced economy, with inflation adjusted disposable incomes falling 5.1 per cent to June 2023. Why is it that the governments of the United Kingdom, France, Denmark, Poland, the United States of America, Spain, Chile, Belgium, Finland and Hungary were all able to deliver real growth to household disposable incomes last year, while the Albanese Labor government has inflicted the sharpest decline in household incomes of any advanced economy?

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