THE carbon tax will inflate electricity prices by up to $200 a year more than Julia Gillard promised, demolishing claims her compensation package would ensure most people were hardly affected.
A NSW Treasury review into the carbon tax ordered by Premier Barry O’Farrell found electricity prices would go up by 15 per cent – not the 10 per cent predicted by the Prime Minister. That would mean an increase in a high-usage household of $498 a year, $300 for a medium-usage household and $183 for a low-usage household.
The report also found NSW would be the worst affected of any state by the tax, with 31,000 jobs to go and a hit to the state’s economy of nearly $4 billion in 2020, rising to $9 billion a year in 2030.
Disrupting the Borg is expensive and time consuming!
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I really don’t understand these people….
They want to spend money…money comes from taxes…and the more people working the more taxes are paid
Why would anyone in their right mind increase taxes at the worst possible time over this frivilous nonsense?
I’m sure Ju-liar will attempt to blame it on the recent stock market plunge.
Some people have no shortage of ideas for how to cripple economies..
Do they have tar, feathers, torches and pitchforks down under?
I suspect we will soon find out.