Wayne Swan 27 July 2011
Banana prices are up 470 per cent compared to where they were prior to the natural disasters with some people paying as high as $14 a kilo.
Wayne Swan 27 October 2006
This is the Treasurer’s banana alibi again. The truth is core inflation has been rising.
The problem is the Government has put all its eggs in its commodity basket and mining is very important to the Australian economy and a huge generator of wealth but it has precious little to say about the services sector of the Australian economy and the manufacturing industry. For example, the manufacturing industry has growth going backwards but the Government doesn’t regard it as a problem. We’ve got to have a much more balanced approach to economic development which pays attention to the needs of our manufacturing sector and our services sector. Once again, that comes back to investing particularly in the skills of our people, making sure we’re innovative in the way we work and the way in which produce products, it means putting incentive into the tax system and it means really attending to the infrastructure bottlenecks. On all these questions the Government is missing in action.