Economy

Politics live: Hastie dubs inflation a ‘silent tax eating away at wealth’; half of young Australians say US a ‘threat’

Follow the day’s news live Get our breaking news email , free app or daily news podcast Hastie says best way to address the ‘silent tax’ of inflation is to cut spending Liberal MP Andrew Hastie has said Australians should be “very concerned” about the prospect of another interest rate rise. Inflation is a silent tax that is eating away at people’s wealth. We’re not blaming foreign situations and leaving it at that. I think it’s important context to acknowledge that there are inflationary impulse