Scott Morrison, Anthony Albanese Campaigns Continue; RBA warns of more interest rate hikes; John Howard questions Labour’s housing policy, Super Home Buyer Scheme criticized by independents

Prime Minister scott morrison has warned that Australia’s economy will be hit by rising prices, war in Europe, supply disruptions and pandemic lockdowns in China after May 21, whoever wins the federal election.

And in an economic speech to the Australia-Israel Chamber of Commerce, Morrison highlighted his government’s response to the pandemic, its commitment to keeping government tax revenue as a proportion of GDP at or below 23.9 per cent. and the Coalition’s housing policy announced Sunday.

Scott Morrison addresses the Australia-Israel Chamber of Commerce on Wednesday.Credit:James Brickwood

“Australians have overcome the biggest global health pandemic in a century,” he said.

“But it hasn’t just been about saving lives… From the beginning, we had two goals: save lives, [and] save livelihoods, because we understood that the pandemic was like a meteor, an economic meteor hitting our country, hitting our world.”

He added: “We are putting this pandemic and all the government intervention in our lives that came with it behind us.”

Morrison emphasized the choice Australians faced on May 21 and the risks posed to the Australian economy by an uncertain global economic environment that was putting pressure on the cost of living, with oil prices rising by more than 50 per cent. and wheat 65 percent. cent since the beginning of the year.

But Morrison said: “Inflation is the challenge and that’s why when you’re faced with things like that, you have to be aware of the things you can’t control, global events, global forces, oil prices, wars in Europe, interruptions”. in supply chains and pandemic shutdowns in China.

“Anything that happens after May 21, one way or another, that’s not going to change.”

The lunch for about 250 guests, held in a function room at Crown Casino, heard that under his administration, the cost of private health insurance had risen more slowly, companies had used instant asset write-offs to invest in new capital goods . and that the government had protected jobs at the height of the pandemic.

Election day, Morrison said, gave Australians “a choice between a government that knows how to manage money and a Labor Party that won’t even tell you how much its policies cost.”

“We know that we have not been perfect; who has done it, on a one in 100 year event, but I’m telling you, every time, every time there are challenges, we just go back there, fix it, and move on.”

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