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Article: Fed: Costello stumped on mortgage costs under Labor

Article from:
AAP General News (Australia)
Article date:
October 17, 2007
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AAP General News (Australia)
10-17-2007
Fed: Costello stumped on mortgage costs under Labor

CANBERRA, Oct 17 AAP - Federal Treasurer Peter Costello was lost for words today when
asked to explain why interest rates will go up sharply under a Labor government.

The Liberal website says that under a Labor government people can expect to pay $3,276
per year extra on their mortgage, but Mr Costello doesn't know why.

Quoting from a 2007 Econtech report, the website says Labor's industrial relations
policy will push interest rates 1.4 per cent higher than they are today.

"This means working families will have to pay an extra $273 every month on their mortgage
repayments," it says.

But asked ...

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