‘I cannot clarify its history’: Treasurer Jim Chalmers criticizes the economic policy ‘Slapstick’ of the coalition after divestment.

Dutton threatened to intervene in the insurance market in February, and told Sky News Australia that the coalition would give the federal government the federal government Power to break companies Unless they lower their insurance cousins.

“As we have done with the supermarkets, where we have threatened the divestment … similarly in the insurance market, we will intervene,” said the opposition leader.

However, Taylor has now clarified that the coalition will not seek powers of divestment in the insurance sector, telling a commercial summit of Financial Review of Australia that the power to break the companies would “limit the supermarkets.”

Mr. Chalmers said that politics again showed that the coalition was “irremediably divided” into economic policy and could not clarify its history.

“This is a real slap, right,” said the federal treasurer?

“They are desperately divided into such a simple question of whether or not they would intervene in this market.

“One says one thing, another says something completely the opposite … they cannot clarify their history.”

Chalmers said the coalition had made a “horrible contradiction” in its plans.

“One would think after three years, that they could find something better than this horrible contradiction we are seeing today,” said Chalmers.

“They do not have a single policy cost, consistent or credible when it comes to the economy, and that is because they are inventing it as they advance.

“That’s why I think nobody really takes them seriously to the economy.”

Dutton had previously justified the intervention in the insurance market citing the facts that prices had increased, and housing insurance premiums increased more than 50 percent since 2020.

“At the moment, people pay too much for their insurance, and what turns out is that people are not taking out insurance,” he said.

“Obviously, there are reinsurance problems, some of which are out of the control of our country, but we need competition.

“We need depth in the insurance group, and we must ensure that insurance companies do not scam us.”