{"id":455395,"date":"2026-02-03T09:17:14","date_gmt":"2026-02-03T09:17:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/455395\/"},"modified":"2026-02-03T09:17:14","modified_gmt":"2026-02-03T09:17:14","slug":"pauline-hanson-laments-state-of-australian-economy-claiming-shocking-rate-rise-showed-albanese-govt-cannot-rein-in-its-spending","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/455395\/","title":{"rendered":"Pauline Hanson laments state of Australian economy, claiming \u2018shocking\u2019 rate rise showed Albanese govt cannot \u2018rein in its spending\u2019"},"content":{"rendered":"

One Nation leader Pauline Hanson has ripped into the Albanese government over the state of the Australian economy, saying the \u201cshocking\u201d rate rise proved Labor cannot \u201crein in its spending\u201d.<\/p>\n

On Tuesday, the Reserve Bank of Australia has increased the cash rate by 0.25 per cent to 3.85 per cent in a unanimous decision by the central bank’s board.<\/p>\n

For the average household, the 0.25 per cent rate increase will add about $100 per month to their loan.<\/p>\n

In a social media post after the decision, Ms Hanson said the rate increase was the fault of the Labor government.<\/p>\n

\u201cLet me tell you, the median house price in Australia is just shy of a million dollars,\u201d Ms Hanson said.<\/p>\n

\u201cThis government has driven up the cost by their overspending.<\/p>\n

\u201cThey are out of control.\u201d<\/p>\n

In an accompanying statement, Ms Hanson said mortgage holders and renters would be further out of pocket, while small businesses were failing at a \u201crecord rate\u201d.<\/p>\n

\u201cData shows 80 per cent of new jobs created in Australia are government-created jobs – meanwhile, small businesses are failing at a record rate,\u201d Ms Hanson wrote.<\/p>\n

\u201cToday’s announcement is a shocking outcome for anyone with a mortgage or renting.\u201d<\/p>\n

Ms Hanson said Australians need a government that will \u201crein in their spending\u201d and bring down inflation to a manageable level so that people could \u201cown their own home\u201d.<\/p>\n

\u201cSaying that you\u2019re going to have a five per cent deposit, then the increase today, means you\u2019re going to have a bigger deposit for your home loan \u2013 and a lot of Australians haven\u2019t got it,\u201d Ms Hanson said.<\/p>\n

\u201cI feel for Australians.<\/p>\n

\u201cBut you can\u2019t thank this Labor Party for this. They\u2019re the ones who\u2019ve caused this.\u201d<\/p>\n

\"\u2018We\u2019re<\/p>\n

In November, the Albanese government\u2019s five per cent deposit scheme was predicted to push housing prices up in 2026.<\/p>\n

Treasury had previously forecast the deposit scheme would put upward pressure on house prices, but\u00a0only by about 0.5 per cent over six years<\/a>.<\/p>\n

Ms Hanson said the Albanese government \u201ccan\u2019t have a surplus\u201d with the level of spending.<\/p>\n

\u201cWe\u2019ve got a debt of $1.2 trillion, they\u2019ll never rein in their spending and you will suffer more and more,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"One Nation leader Pauline Hanson has ripped into the Albanese government over the state of the Australian economy,…\n","protected":false},"author":2,"featured_media":455396,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164,60504,14754,218917,7054],"class_list":["post-455395","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy","tag-one-nation","tag-pauline-hanson","tag-rate-rise","tag-rba"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/455395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=455395"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/455395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/455396"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=455395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=455395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=455395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}