Under Labor, Australia has recorded the longest per capita (household) recession since records began in the 1970s.
Last year (2023-24), Australia also had the largest number of business insolvencies ever recorded, mostly small businesses.
Australia has a persistent problem with inflation.
Inflation averaged 2.2% under the Coalition.
It has averaged 4.1% under Labor.1
As at the end of 2024, Australia’s core inflation remained as high or higher than: the USA; UK; Germany; Singapore; Japan; South Korea; Italy; France; Canada; and the entire Euro area.2
The International Monetary Fund has projected that in 2025, Australia will have the second highest inflation of any developed country (after the Slovak Republic).3
Inflation impacts everyone. It means higher prices, higher interest rates and higher taxes.
After 12 interest rate rises and only one cut under Labor, Australia now has close to the highest rates since 2011.
Under Labor, Australia has experienced the biggest fall in household disposable income (living standards) of any developed country.
This is due to higher inflation, higher interest rates and higher taxes.
Australia has a persistent problem with inflation.
Inflation averaged 2.2% under the Coalition.
It has averaged 4.1% under Labor.1
As at the end of 2024, Australia’s core inflation remained as high or higher than: the USA; UK; Germany; Singapore; Japan; South Korea; Italy; France; Canada; and the entire Euro area.2
The International Monetary Fund has projected that in 2025, Australia will have the second highest inflation of any developed country (after the Slovak Republic).3
Inflation impacts everyone. It means higher prices, higher interest rates and higher taxes.
After 12 interest rate rises and only one cut under Labor, Australia now has close to the highest rates since 2011.
Under Labor, Australia has experienced the biggest fall in household disposable income (living standards) of any developed country.
This is due to higher inflation, higher interest rates and higher taxes.
Labor is making our economic situation worse.
While the Reserve Bank has cautioned against high spending, in three Labor Budgets, the Government has lifted spending by $347 billion – or $33,000 per Australian household.
Under Labor, productivity has fallen by around 6% (from March 2022 to December 2024).4
Labor has put the interests of union bosses ahead of small businesses and the economy.
By abolishing the building industry watchdog, they removed the protection for small businesses from the militant CFMEU.
After breaking a promise to make industrial relations bargaining industry wide, they are allowing unions to operate in businesses they currently have no connection to.
Labor’s renewables only energy policy has resulted in Australia having some of the highest energy prices in the world.
Instead of focussing on a plan to strengthen our economy and tackle inflation, Labor has been focussed on other priorities, like its failed $500 million Voice referendum.
Under Labor, productivity has fallen by around 6% (from March 2022 to December 2024).4
Labor has put the interests of union bosses ahead of small businesses and the economy.
By abolishing the building industry watchdog, they removed the protection for small businesses from the militant CFMEU.
After breaking a promise to make industrial relations bargaining industry wide, they are allowing unions to operate in businesses they currently have no connection to.
Labor’s renewables only energy policy has resulted in Australia having some of the highest energy prices in the world.
Instead of focussing on a plan to strengthen our economy and tackle inflation, Labor has been focussed on other priorities, like its failed $500 million Voice referendum.
