Ian Verrender

And look, also, what you've got to do is look at this from another perspective.

I mean, the price of fuel going up is a tax on household budgets.

People don't want to spend more money on fuel.

It's not like, I mean, I know you've got a massive V8 and you tear up and down the street doing wheelies and so forth.

You're going to have to stop doing that.

That's right.

But, you know, so some people are going to have to change their behavior when it comes to driving, which is not a bad thing.

But, you know, we're not spending this extra money because we want to.

It's being taken away from us.

So it actually acts like a tax.

So it is, in fact, reducing household spending on other things.

which ultimately will lead to lowering in costs of other things and lowering of inflation.

But this is an incredibly powerful message that we're getting through to the economy and to our hip pockets, and we're going to have extraordinary responses as a result of that.

It's a hard one to answer, really, isn't it?

Because it's a really tough path to try and navigate.

You know, do you instill fear into the community and say, just be really careful about all of this and then actually create a situation that was worse than you originally started with?

I mean, all you've got to do

You know, there's a basic theory of economics about expectations.

And if we believe, if we expect something is going to happen down the track, we alter our behaviour so that it in fact does happen.

You know, just cast your mind back to the pandemic.