Well, relatively competent—I am corrected by my colleagues. The Assistant Treasurer said at a press conference on 22 January:

... inflation has been low in Australia over the last few years ...

So the government’s economic team have three different opinions on the recent history of the inflation situation in this country.

What we have at the moment is a country strongly situated in economic terms, with strong growth, low unemployment and inflation in manageable parameters, but we have a government which is exacerbating our economic challenges, worsening inflation and heightening inflationary expectations. Is it any wonder that business confidence is plummeting? That is the report card on the Rudd government.