‘People are giving up hope’: Angus Taylor rips into Labor’s economic strategy as rates rise

Opposition Leader Angus Taylor responds to the RBA’s decision to increase rates to 4.35 per cent.

“It’s an incredibly tough day for Australian families with a mortgage, for small businesses that have a mortgage as well, this is a big hit to them,” Mr Taylor said.

“The truth is that the government’s economic strategy has been an abject, utter failure.

“People are giving up hope, Australians are giving up hope, and this interest rate increase is a real kick in the guts for Australians.”