We had some more good news last week.  Annual inflation was just 1.5% in the year to September, the lowest annual inflation rate in more than six years.  This confirms cost of living increases have generally been low and real wages are gradually increasing.

When Labour left office, the economy was deep in recession, annual inflation was 5.1 per cent – with no compensation for anyone – and real after-tax wages were falling.

The latest figure is the lowest since March 2004. Labour stands for tax increases, higher debt and looser controls over inflation. That only leaves hard-working Kiwis worse off.

After National’s tax changes, nearly three quarters of income earners now have a top tax rate of 17.5 per cent or less.

We have a long way to go, but this shows we’ve made a good start.