Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator O'Neill for the supplementary. When we came to office, real wages were going backwards by 3.5 per cent, and they'd fallen for the five quarters leading up to the 2022 election. We knew that because that was a deliberate design feature of their economic policy. Since we came to government, average annualised nominal wages have been growing at 3.7 per cent, much higher than the 2.2 per cent under our predecessors. Inflation was up 2.1 per cent in the March quarter 2022. We've got inflation back under control. Under those opposite—

Well, have a look at your record, Senator Paterson. Go back and have a little look about what happened in the dying days of the Morrison government. Inflation was roaring. We've got it back under band. We've also seen that business investment fell, and we're seeing business investment come back. Under Labor, inflation is lower. Interest rates have been cut three times. Unemployment is low— (Time expired)