11.15pm – Notwithstanding the usual annoying and incessant interruptions from his interlocutor, Shadow Treasurer Joe Hockey has just offered up a remarkably woolly performance on Lateline.
Hockey has delivered a speech in London – transcript not yet available – in which he argues that The Age of Entitlement is over.
In the interview he was pressed on how this would be achieved in government. Aside from a defence of the Health Insurance Rebate as a government spending measure which actually reduces expenditure on other entitlements, Hockey was less than specific about what he will do as Treasurer in less than 18 months time.
- Listen to Hockey explain his entitlement policy:
- Update: Transcript of Hockey’s speech.