Letters to Editor

Ahead of a decision from the reserve bank on Tuesday on rates analysts are warning official interest rates will increase by as much as 1.75% by mid next year.

I am seeing alarming signs already in the electorate and shares concerns over what is to come.

As I move around the electorate talking to residents they are telling me of their concerns over the management of the economy. Even people who received the $900 handouts can see what damage massive government debt is doing to us today and will do to us in the future.

For people that do have mortgages they realise that higher interest rates means greater pressure on discretionary spending in the local economy which impacts on small business and jobs. And for those that are renting we’ve already seen the debate about interest rates leading to higher rents.

Higher interest rates will obviously have a detrimental impact on the affordable housing crisis we already face locally.

In the midst of this you have Labor proposing a great big new tax on the economy via an ETS which would be another disastrous policy in terms of increasing the cost of living putting at risk jobs and Australia competitiveness in the world economy.

By refusing to wind back their stimulus spending, Kevin Rudd and Labor are only adding more fuel to the interest rates fire and there is little doubt the cost of labor reckless spending is going to hit our region hard.

Dean Teasdale

Candidate for the Federal seat of Petrie

0403 840 028