2007-08-10

Interest rates, unemployment will soar under Labor: report

This is priceless:
A new report has warned that Labor's promise to abolish the Coalition's WorkChoices reforms if its wins government would push up interest rates and unemployment.

The Australian Chamber of Commerce and Industry (ACCI) commissioned the economic consultants Econtech to model the consequences if the industrial relations landscape of 1993 was restored.

Its study predicted that would result in a 1.3 per cent hike in inflation and interest rates would climb by 1.4 per cent, pushing up the average mortgage by $273 a month.


So, an industry body made up of businessmen who support the Liberal party release a "study" that supports the Liberal party.



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