Rudd's plan to beat inflation

Monday January 21, 2008

Australia's newly elected Prime Minister, Mr Kevin Rudd, has detailed the governments plan to combat Australia's rising inflation rate.

"We have inherited a significant inflation problem from our predecessors," Mr Rudd said at a breakfast in Perth.

"The inflation challenge we face today is very much the Liberals' parting gift to the Australian economy," he added.

Providing Australian's with incentives to encourage private savings was one of the key components to battling inflation along with cost cutting on the Governments behalf, improving the nations shortage of skilled workers and helping those out of work to return to the workforce.

Rudd also announced the formation of a national body called Infrastructure Australia, which will be charged with auditing areas of transport and energy, communications and water.

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