‘Failed miserably’: Government blasted as Iran war hits family budgetsA heated exchange erupted after Labor was accused of being unprepared for global crises.3 min read

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A heated clash erupted between Sunrise guests on Wednesday over the economic fallout of the Middle East war, after the Opposition accused the government of having “destroyed the economy”.Housing ...

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What I do want Australians to know is that the first, second and third priority of our government is helping your family with the cost of living.”Be the first to know: Add 7NEWS as your preferred news source on GoogleBut Cash argued the government had left the country exposed to these global risks.“Global events are real, but a competent Australian government ensures that at home we’re able to absorb those shocks,” Cash said.“That’s exactly what the Coalition did during its time in government and why we navigated the once-in-a-100 year pandemic successfully. The issue we have here is Labor have destroyed the economy. They have kept inflation too high for too long.”She said Reserve Bank Governor Michelle Bullock has warned Labor to rein in spending because “it’s fuelling inflation”.“This is a government that is very good with words but fails to take responsibility for its own decisions that have kept inflation too high now for too long, while Mum and Dad Australia pay a very sad price,” she said.Michaelia Cash and Clare O’Neil clashed on Sunrise over the government’s preparedness for a global conflict. Credit: SunriseO’Neil defended Labor’s record, noting inflation had fallen from more than 6 per cent when the government took office to 3 per cent currently, while unemployment is low.She pointed to lower taxes, Medicare supports, cheaper medicines, cheaper childcare and wage increases as evidence of cost-of-living relief.“These are things that Michaelia and her colleagues have opposed,” O’Neil said.O’Neil then attempted to shift the tone of the debate, urging her opponent not to turn the crisis into partisan warfare.“I’ll just say respectfully to Michaelia, we’ve got a really significant global event that’s just happened here. Not everything has to be turned into a Labour versus Liberal competition,” she said.Cash immediately hit back at that, saying all Labor is doing is “making excuses”.“A competent Opposition points out the failures of the government. And you have failed miserably when it comes to the economy.”No ‘boots on the ground’The debate may have descended into a political battle, but both ministers struck a more measured tone when asked whether the escalating conflict could draw Australia into military action.Both confirmed no request had been made for Aussie troops to head to war zones in the Middle East.“What is going on in the Middle East is a very important incident ... but it’s not something that Australia has direct involvement in, nor do we intend to,” O’Neil said.She said the government’s focus remained on closely monitoring developments, supporting Australians in the region and managing the economic consequences at home.Cash agreed there was “no indication yet of a request for boots on the ground”, noting even the United States had not flagged such a move.However, she outlined what she described as Australia’s strategic role in backing allies, providing intelligence support, strengthening sanctions if necessary and protecting Australians who fled the Iranian regime.“The time for talking was over,” she said. “What we need is behavioural change”.The next interest rate decision is in a fortnight, with the door open for back-to-back hikes.Sam Mac makes exciting family announcement live on Sunrise1 min read‘Bit arrogant’: Verbal clash erupts over plans to honour slain Iranian leader3 min read","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}