Music:Here come old flat-top he come grooving up slowly he got ju-ju eyeball he one
The Finance Sector Union held its two-day rep conference this week, and it was totally fascinating. This was the first one I've attended and I had no idea of what to expect. We spent the days debating the next big campaign we run, after the success of the "Your Rights At Work" campaign. It was very interesting to listen to two of our keynote speakers, both of whom are Labor backbenchers, as they outlined the challenges that lay ahead; Labor doesn't have a clear majority in the Senate so they require the Greens and Independents to come onboard with any legislation they hope to get passed. Also interesting was Graham Perrett's assessment of our economy, based on information he's gathered as part of an economic sub-committee. We are in for a difficult five years, my friends, as the effects of galloping inflation coupled with low unemployment and skills shortages are felt.
Already I'm getting customers wishing to fix their loans because "now the Labor party's in, the interest rates are bound to go up." I just nod my head. It's pointless getting out my interest rate sheets from 2002, where the variable rate was 5.99%, and showing that the rates rose by 3% under the previous government.