Sally Tindall

up to a household income of, and I can't remember this, I'm going to go off the top of my head, but something like that.

It's a really high combined household income.

There is.

So it might be that you could introduce some elements of that, but I don't know that adheres to the principles that the Labor Party carry of fairness.

And I think that's the problem with means testing.

It's not fair in that regard.

Mind you, the Labor Party is a party that employs a large number of means tests and they've been very successful at doing so.

And, you know, this budget, maybe NDIS aside, you know, if any relief is getting handed out, it really needs to be means tested beyond the NDIS I'm talking about because if we're doing cash handouts like we've seen in, you know, pre-election budgets, you're handing over cash to people that

don't need it, that are just going to add it into their giant savings buffers and keep spending in the economy.

And again, it's back to those inflationary pressures.

I do think that we can look to overseas and get some clues about what might be ahead of us.

However, we've got to remember that Australia does have a unique set of circumstances and challenges as well.

And so it's not, you know...

are set in stone that the UK will even go into recession.

But certainly if they do, it doesn't mean that we will automatically follow suit.

One of the most interesting things to remember, particularly when you're looking at the US and New Zealand, we are more sensitive to rate hikes than some other economies.

Why?

Well, there's two reasons for that.

One is that fewer of us are on fixed rate loans.

And so we feel these rate hikes far more quickly than you do over in the US.