‘Economic ruin’: Shadow treasurer takes a stab at Labor Party’s energy plan

Shadow Treasurer Angus Taylor has warned the Labor Party is leading Australia to “economic ruin”. Mr Taylor’s comment follows the announcement of the cost of the Coalition’s nuclear plan. The Daily Telegraph reported the project will cost $331 billion over the next 25 years and will be $264 billion cheaper than Labor’s renewables-only plan. “Right now, Labor is taking us on a pathway to economic ruin,” Mr Taylor said. “The complete failure of this government to deliver on their promises on energy … all we’ve seen on energy is higher prices and higher emissions at the same time.”