Opposition Leader Angus Taylor has sharply intensified his criticism of One Nation, warning that the party’s economic agenda would “send us broke” and accusing Pauline Hanson’s movement of being a “column of smoke” with no credible plan to fund its promises.
Speaking at the Sydney Institute, Taylor said four of One Nation’s flagship policies alone would cost $1 trillion over a decade, arguing the party had offered “no credible plan” to pay for them. His remarks mark a significant shift in tone: until now, Taylor had kept the door open to working with Hanson on issues such as opposing Labor’s tax reforms.
Taylor outlined his own economic vision while warning that an “eternity of pain” would follow if Hanson gained power. He said One Nation’s unfunded commitments would trigger a surge in inflation, forcing the Reserve Bank to lift interest rates by around 3 percentage points.
“That would add around $20,000 a year in interest to the average new mortgage,” he said.
Taylor also warned that Australia’s national debt currently close to $1 trillion would nearly triple under One Nation’s plan.
His comments underscore growing tensions on the political right, with Taylor now openly distancing himself from Hanson’s agenda after months of signalling potential cooperation.
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