Philip Lowe ‘raised eyebrows’ with tax rise suggestion

Reserve Bank Governor Philip Lowe “raised eyebrows” late last week saying the federal government might have to consider raising taxes, says Sky News Political Editor Andrew Clennell. “At a parliamentary committee appearance on Friday, Philip Lowe said to pay down this trillion dollars in debt and turn around the large budget deficits, the government had to cut spending, raise taxes and embark on structural reform and they should start doing it this term,” Mr Clennell said. “Easier said than done politically.”