Prime Minister Julia Gillard did a decent enough job explaining the carbon tax on the ABC’s Q&A last night, though as a thoroughly coached media performer she should have dwelt a little longer on one phrase in particular: “in line with Treasury forecasts”.
As luck would have it, inflation is currently low. Underlying inflation is just over 2%, making this a pretty good time to experience the one-off carbon-tax CPI spike.
So Gillard’s message last night was the right one – and as usual, it will fail to cut through with the voters she needs on board to have any hope of holding power at a 2013 election.
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