Ben Fordham's scathing message to Anthony Albanese

Ben Fordham has taken aim at Prime Minister Anthony Albanese over the soaring cost of living, saying he needs to ‘take responsibility’ for the burden being placed on households.

‘Welcome to Albo’s cost-of-living crises. It’s not ours. It’s the Prime Minister’s,’ Fordham said on his 2GB radio show on Wednesday.

‘We’re being hit from every single angle – mortgages, rent, food, petrol, power, you name it, it’s costing us more, and I don’t think people will tolerate it much longer,’ he said.

Ben Fordham said Prime Minister Anthony Albanese can’t ‘keep dodging’ responsibility for the cost-living-crunch as the government continues to spend as households ‘tighten their belts’

Fordham claimed many Australians have had a ‘gutful’ of the Reserve Bank after it raised interest rates yet again on Tuesday.

Interest rates are now sitting at a decade-high of 4.1 per cent after 12 consecutive hikes in 13 months.

‘On an average loan of a million dollars, a borrower is paying $2,200 more a month or $26,000 more a year. Where do people find the money?’ he asked.

According to data from research firm Roy Morgan, there are now 1.3 million Australian households under ‘mortgage stress’.

While RateCity’s Sally Tindall compared the RBA to Fred Flintstone, saying it’s doing what it can with a blunt instrument.

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‘Australia’s twelfth hike in 14 months puts many borrowers into financial territory they never thought they’d see in the life of their loan, let alone in just over a year,’ Ms Tindall said.

Fordham said the interest rate increases not only affect mortgage holders but also small businesses borrowers and renters, who get the hikes funnelled onto them by landlords.

Electricity prices, which are set to rise again on July 1 and food prices, are also going ‘through the roof’ said Fordham.

Fordham said Australians have ‘had a gutful’ of the RBA after 12 interest rate hikes in 13 months 

‘The government can’t escape responsibility here, they’ve been in power for more than a year.’

‘Jim Chalmers has just delivered a budget that has made the RBA’s job even harder with $15billion worth of spending on cost-of-living measures favouring those already on government assistance.’

‘Labour is also in the process of hiring 10,000 public servants and giving current ones a 4 per cent pay rise.’

‘The Albanese government is also refusing to take action on the fastest growing item in the budget the NDIS – it is blowing out by $32million every day.’

‘They vowed to make cuts without introducing any legitimate measures.’ 

Fordham said Mr Albanese can’t ‘keep on dodging’ the fact Australians are being asked ‘tighten their belts while the government spends away’.

‘The Prime Minister can keep deflecting, this is Anthony Albanese cost-of-living crises,’ he said.