My question is to the Treasurer. Why does the Treasurer now acknowledge that skilled labour shortages are putting upward pressure on inflation and interest rates when back in May this year he dismissed the link? He said:

It really, you know, it’s totally unrelated to monetary policy.

Hasn’t the government been asleep at the wheel when it comes to inflationary pressures in the economy? Haven’t families paid the price, with seven back-to-back interest rate rises?