Today's rate rise is not an accident.
It is the direct consequence of Labor's addiction to spending, which has kept inflation higher for longer and left the Reserve Bank with no choice but to keep tightening.
Australians are paying the price for Labor's choices. Not just in higher mortgage rates, but also lower real wages, rising tax bills, and soaring prices for everyday essentials.
This is Labor's cost of living crisis. When Labor spends, Australians pay.
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