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Wednesday, 10 October 1973
Page: 1822

Mr SNEDDEN (Bruce) (Leader of the Opposition) - Mr Speaker, I wish to make a personal explanation.

Mr SPEAKER -Order! Does the right honourable member claim to have been misrepresented?

Mr SNEDDEN - Yes, I was misrepresented this morning by the Prime Minister when in answering a question he persisted in saying that 'I had advocated a wage freeze. Left in those terms, it is a misrepresentation. I am quite sure that the Prime Minister knows that what I have said is that the attack on inflation must be by a full range of policies, that only by a full range of policies will an attack on inflation succeed, and that it is not necessary for any extra powers to be given to the Commonwealth for that full range of policies to be put into effect. I did say that with inflation at an annual rate of more than 13 per cent it would be necessary to have a circuit breaker to interrupt the inflationary psychology and therefore there should be a freeze on both incomes and prices for a period not exceeding 90 days. I said that it must be temporary and that a wage freeze or a prices freeze could not in itself arrest inflation and should not be a permanent feature of economic management. I said that it had failed everywhere else and it could be used only as a circuit breaker.

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