Brendan blames flat retail sales on cost of living pressures

By 13 September, 2011 8

The Liberals’ Brendan Smyth is using a new report on flat retail sales in the ACT to remind us that Katy Gallagher recommends we cancel Foxtel if times are tough:

“It is clear that Canberra consumers continue to face increasing pressures on their cost of living as a consequence of the decisions of ACT Labor.

“Increases in the cost of basic services under this government, such as water and electricity, increased prices for parking, child care costs and rates and rents are all causing Canberra consumers to become even more cautious about their spending.

“For Katy Gallagher to suggest Canberrans under financial strain ‘cancel their Foxtel for a while’ is a hugely inappropriate response given the current economic climate.

“ACT Labor should be seeking all possible ways to reduce the cost pressures on Canberra families and help consumers become more confident about their finances,” Mr Smyth concluded.

Please login to post your comments
8 Responses to Brendan blames flat retail sales on cost of living pressures
#1
housebound5:49 pm, 13 Sep 11

I don’t think even the omnipowerful Gallagher can depress retail spending across the non-mining parts of the country, and possibly even large parts of the Western world.

#2
Grail5:51 pm, 13 Sep 11

Anyone who thinks electricity is expensive in Canberra need only step across the border. They pay 28c/kWh vs our 16.7c/kWh.

Encouraging Canberrans feeling financial pressure to eliminate unnecessary spending seems to me to be a great idea. Don’t spend beyond your means, isn’t that one of the basic lessons in balancing a home budget?

#3
GottaLoveCanberra7:33 pm, 13 Sep 11

Grail said :

Anyone who thinks electricity is expensive in Canberra need only step across the border. They pay 28c/kWh vs our 16.7c/kWh.

Encouraging Canberrans feeling financial pressure to eliminate unnecessary spending seems to me to be a great idea. Don’t spend beyond your means, isn’t that one of the basic lessons in balancing a home budget?

You can’t do that! It’ll infringe upon their right to spend stupidly and then blame everyone from in front of their massive plasma screen tv’s but themselves when times get tough.

#4
Frustrated8:48 pm, 13 Sep 11

BS Smyth. The cost of living and and those services you refer to, would be the same if not more under a Liberal Govt. Attempting to scare voters wont work for those with a memories of your parties performance when running the ACT Economy.

Please feel free to explain to the ACT residents, where you are going to reduce the charges for those services you refer to for example.

#5
Tetranitrate10:15 pm, 13 Sep 11

GottaLoveCanberra said :

You can’t do that! It’ll infringe upon their right to spend stupidly and then blame everyone from in front of their massive plasma screen tv’s but themselves when times get tough.

You’re showing your age gramps, it’s been a good half decade or so since Plasma Screens were actually particularly expensive.
-as a quick goggle reveals
http://www.myshopping.com.au/PT–99_Television_TV_Plasma_TV__fs_564_e__

It’s amazing how long this stupid ‘dem young people spend all their money on plasmas!’ meme has lasted… I mean it’s classic projection of course, the people who were actually buying the 10+k early plasma screen TV’s in the early 00s were cashed up baby boomer property speculators, but a reasonable person would have expected it to have died a dignified death by now given that Plasma screen TV’s aren’t actually particularly expensive compared to other major household furnishings or appliances.

High rents (in Canberra, not so bad elsewhere) and absurd property prices(everywhere) mean a lot of people have bugger all to spend afterwards. Nobody much is buying into the scam anymore though, there’s no more ‘wealth effect’ on consumption spending now that property prices are falling. It’s over, retail is screwed nationwide and doubly so in Canberra.

#6
thatsnotme10:30 pm, 13 Sep 11

Tetranitrate said :

You’re showing your age gramps, it’s been a good half decade or so since Plasma Screens were actually particularly expensive.

You’re both showing your age. Everyone knows that LED TV’s are where it’s at. Plasma screens are surely only half a step above rear projection in this day and age!

#7
EvanJames9:41 am, 14 Sep 11

Grail said :

Anyone who thinks electricity is expensive in Canberra need only step across the border. They pay 28c/kWh vs our 16.7c/kWh.

Encouraging Canberrans feeling financial pressure to eliminate unnecessary spending seems to me to be a great idea. Don’t spend beyond your means, isn’t that one of the basic lessons in balancing a home budget?

Spot on, both points. NSW power prices have been spiralling up for the past few years, and that’s not carbon pricing, that’s funding the building of more power lines and stations for increased demand (more people and more air conditioners).

And nowadays, people seem to start crying cost of living pressures while retaining luxuries which they evidently regard as essentials. I wish more politicians would start to grow some guts and tell people to stop expecting the government to fund their lifestyles. Hope springs eternal.

I didn’t even notice Brendan’s utterance. As soon as they say “families”, I tune out. They don’t mean me.

#8
shadow boxer10:21 am, 14 Sep 11

Plasma is still far superior for watching fast moving action such as sports, the 6 series Panasonic plasma is your friend.

Advertisement
GET PREMIUM MEMBERSHIP

Halloween in Australia?

View Results

Loading ... Loading ...

IMAGES OF CANBERRA

Advertisement
Sponsors
RiotACT Proudly Supports
Copyright © 2014 Riot ACT Holdings Pty Ltd. All rights reserved.