It was Labour who got us through COVID, and it is a Labour Government who will get us through the next set of challenges as well, and that is what this Budget is all about: addressing the challenges of today but also of tomorrow. Now, when it comes to today, there is no more universal challenge right now than the cost of living: globally, we know that we're not alone, as inflation pushes up prices around the world. The average rate of inflation in the EU is 7.7 percent. It's high in Canada, in Germany. Just yesterday, the UK hit 9 percent; in the Netherlands, it's nearly 10 percent. And while there are many reasons for it, one thing that forecasters are predicting is that it will improve in the latter half of 2022. But that doesn't help Kiwis now, and while we can't control global inflation forces, our job is to take the hard edges off it for Kiwis, and that is why this Budget includes a cost of living package to cushion the impact for middle and low income families. Now, we've had to be incredibly careful in developing this package, to make sure it reached those who needed it most. Anything too broad could make inflation worse, and that's exactly what the National Party's tax cuts to the wealthiest would do. They would feed inflation while giving the biggest benefit to those who need it the least.