Hogan welcomes fall in cost of living
Federal member for Page Kevin Hogan has welcomed yesterday’s interest rate cut that shows the Government’s focus on making sure families can pay their bills is working for our community.
“We now have cheaper electricity bills with the abolition of the Carbon Tax, falling petrol prices and now falling mortgage costs, which all improves a family’s ability to pay its bills,” Mr Hogan said.
“Since the election, myself and the Government has been focused on reducing the cost of living for families. Some estimates I have seen have found that over the past twelve months about $1000 a year have been returned to household budgets.”
The removal of the carbon tax, which the Reserve Bank said was a factor in yesterday’s interest rate cut, has resulted in average household savings of $550, including a record fall in electricity prices.
“Falling fuel prices, which in our area has room to fall even further, means most motorists are already paying about $20 less a week for petrol,” Mr Hogan said.
“The news on the jobs front is also promising with the respected Dunn & Bradstreet Business Expectations Survey finding the employment outlook is the most positive it has been for 10 years.”
“This is all good news for families in our community as the government delivers real relief.”