QUESTIONS WITHOUT NOTICE

Ms LEY (Farrer—Leader of the Opposition) (14:02): My question is to the Prime Minister. Under Labor, Australians are living with higher prices and increasing interest rates. While the Treasurer blames the private sector, Australia's leading economists say the problem is government spending.

Stephen Smith, Deloitte Access Economics partner, said government spending was 'historically high' and 'a genuine driver of inflation'. We all know the Treasurer won't, so will the Prime Minister accept responsibility for yesterday's rate rise? Yes or no?