As election nears, rising prices hit political nerve
It was during a heated debate on tax and the cost of living that Parliament stopped to consider the “hip pocket nerve” of ordinary Australians for the first time.
In the autumn of 1947, then-Labor prime minister Ben Chifley was in full flight, reminding opposition MPs this most sensitive part of the human body was where voting intentions usually took shape.
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Tom McIlroy is the Financial Review's political correspondent, reporting from the federal press gallery at Parliament House. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
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