Treasury says that inflation will outstrip annual wage growth this year for the first time since this Government was elected in 2017. I noted in the Budget documents that the prediction for this year is wage growth of 4.6 percent against inflation of 6.7 percent. This follows years of strong wage growth and the same Budget forecasts from Treasury that next year, under this Government's economic plan, wages will once again grow much more strongly than inflation. I would point out this is in contrast to the record of the prior National Government, where real wage growth was negative through the global financial crisis and remained very anaemic long afterwards.