Lord Charlton needs your help

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Lord Charlton and Lady Pharcus need your help:

Labor’s replacement treasurer Andrew Charlton (kidding, Jim) has found himself bereft of a tenant in one of the many luxury homes that he and barrister wife Phoebe Arcus own in their property portfolio.

The going rate is $2250 per week for their empty $5m-plus terrace in Woollahra; that’s while the power couple and their three children camp out in a sub-penthouse apartment in Charlton’s western Sydney electorate of Parramatta.

Let’s hope the squeeze for the glamour couple ends soon.

Equally, let’s hope Lord Charlton never actually makes it to Treasurer.

I rang him personally the week he was elected and warned him to cap gas prices as the Ukraine War intensified.

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Understandably, Lord Charlton was busy letting his many palaces so the warning went unheeded.

By the time the Albanese Government acted, it had unleashed a two-year hellfire energy inflation shock:

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But then, the tenant pays the utility bill so pip, pip!

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.