Shadow
treasurer for the United Australia Party, Clive Palmer, said today the
25-basis-point rise to 0.35% was a clear indicator that interest rates would
continue to rise after the Federal Election.
“We
are seeing interest rates in the United States and the UK rising steadily and
the same thing is going to happen in Australia as a result of increasing
inflation which is now over 5% per annum,” Mr Palmer said.
“Only
the United Australia Party can save Australian homes. We have outlined our
policy of capping all home loan interest rates at 3% for the next five years to
protect home ownership and our way of life.
“This
policy is the only way most Australians will remain in control of their home
equity and wealth.
“If
interest rates follow increasing inflation rates, how are Australians expected
to survive?
“The
Reserve Bank has indicated today that rates will continue to rise,” Mr Palmer
said
“The
United Australia Party is the last sentry at the gate. The coming election is
our last chance to protect our right to wealth before it is wiped away.
“You can never trust the Liberals, Labor or The
Greens again. At this election, all Australians must vote for the United
Australia Party to protect their homes and their families,” Mr Palmer said.
