Senate debates

Friday, 10 November 2023

Questions without Notice

Economy

2:43 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

I've made my point, I suppose. After a decade of deliberate stagnation under the Liberals and Nationals, wages are growing at their fastest rate in about a decade. While inflation does remain higher than we'd like—we know that's because of the incompetent management of the economy by the former government—it has moderated from its annual peak in the December quarter 2022. Its quarterly peak under the coalition in the March quarter of 2020—

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