Hon GRANT ROBERTSON (Minister of Finance): As I've said a number of times in this House, I agree that the current cost of living increases driven by what Mr Kerr classes as "offshore-originated inflation" are putting significant pressure on New Zealand households. In terms of wage growth, I would note that average wage growth under Labour has been greater than Consumers Price Index inflation, meaning Kiwis are better off now than they previously were. But we do acknowledge that there is significant pressure. That's why we've taken action to buffer the impact of fuel prices on households and have brought in a range of measures to support those on low and middle incomes—a far better policy than untargeted tax cuts that disproportionately benefit those on the highest incomes, as favoured by the member.