Economic growth is now the highest in five years and is forecast to continue.

Wages are growing, cost of living increases are modest, and interest rates are at 50-year lows.

In fact, the latest cost of living data shows consumer prices rose by just 0.7% in the year to June. This was the lowest annual increase for nearly 14 years and the fourth annual increase below 1%. Household income has risen 20% in the past four years and is expected to rise by almost 20% in the next four years.

Business confidence is the highest it has been for over 14 years. The manufacturing sector is growing – 9.2% since 2009 and a significant turnaround from 2008, when manufacturing shrank by 12% in a year.

The Government is playing its part with a strong plan for the economy. We have stuck to that plan and it’s working.