Reducing interest rates ain't gonna help retailers.
Gillard has just pushed through a law that will cost those with private health cover another $1,000 odd a year. Those in the middle class then have to deal with the carbon tax coming in June for which they will receive no compensation. Despite the government saying prices will increase by 0.7% most realise by now they are completely full of it.
It's belt tightening time for middle class Australia as they wait for these taxes to flow through to them. Not to mention any further taxes dreamt up in the meantime. I wouldn't be surprised if the flood levy remained in place (as an example).
