George Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

Senator Ketter, your premise is entirely wrong. That is why, to give the context to this answer, I began with economic growth at 3.3 per cent at a time of low inflation and low interest rates, with standards of living and growing business confidence. We had the ANZ measure yesterday and we had the Westpac measure this morning. What they both show is an increase in consumer confidence and an increase in business confidence at a time of high economic growth, low inflation, low unemployment—in comparative terms—and low interest rates. Senator Ketter, the wages growth as reported by the latest ABS Wage Price Index shows that Australia has experienced higher wages growth during the period of this government than the United States, most European countries— (Time expired)