Economic Update August 2013

Listen to a Preview

Running Time: 6:43

Date: 01/08/2013

There's an election on the way - be on the lookout for "pollie porkies".

As the Federal election draws nearer, politicians of all persuasions will spend a lot of time gilding the lily, avoiding the question and spreading more confusion than light. Don't be sucked in, warns our resident economist - and careful observer of close to a dozen Federal elections - Professor Neville Norman of Melbourne University. From that long experience, Neville's drawn up a list of "polly porkies" to watch out for: like attaching promises of big spending in government to vague timelines. And he also has a prediction for next year's Federal Budget that's guaranteed to get you thinking.