MPs within the Coalition have expressed concerns about the lack of economic policies ahead of the federal election, with some critical of Taylor’s performance as shadow treasurer, labeling him the opposition’s weakest link ahead of a campaign focused on the cost of living.
Dutton and Taylor dismissed internal criticisms, stating more policies would be announced closer to the election when voters pay more attention.
The opposition has faced a tumultuous week as Dutton and senior ministers contradicted themselves on whether the Coalition’s divestiture policy extended to insurance companies, not just supermarkets and hardware chains.
Dutton initially proposed the idea on February 16th, only for Taylor to contradict him on March 5th, indicating the policy position on insurance companies was removed from the Coalition’s media guidance for weeks.
Dutton clarified that if the government received advice that market concentration in big insurance companies was causing market distortion and increasing premium prices, the Coalition would take action. Taylor, however, ruled out divestiture for insurers, emphasizing vigilance against anti-competitive behavior instead.
The uncertainty has led to internal concerns that the opposition is divided or confused, and questions remain about the Coalition’s approach to the rising cost of living. Taylor’s comments leave the door open for a future shift on divestiture policies.
The Liberal Party has announced it will introduce new policies based on its ‘Back on Track’ policy agenda, which Dutton unveiled in January, as the May election approaches.
