Now, the balance sheet shows what the Crown owns and what it owes, and the balance sheet is a good indicator of our ability to reach wellbeing outcomes. If we look at the numbers, GDP is up 5.1 percent from a year ago. The official unemployment has edged up to actually 3.3 percent, not 3.2 percent, in the three months to the end of June, and wages have lifted to 3.4 percent, which is what the Minister of Finance has predicted would happen. In fact, in the private sector it's up to 7 percent, which is the largest increase in wages since 2008. House prices are dropping, and so all the indicators are showing that there is a market correction, and that's from the past three decades where labour productivity growth has almost doubled wage growth. 