I'll make a few comments here.
First of all, the economy is strong. That means, yes, when the economy is strong, companies tend to do well, profits are healthy and wages go up.
We do look at how income gets divided between labour and business. Clearly you want shared prosperity. The other thing I would say is that—and this gets to price increases—for a long period before the pandemic.... We regularly go and talk to businesses. We survey them. We have a quarterly business survey, and one of the questions we ask them, when they get increases in their input costs, is if they are passing those on to their customers.
Typically what they tell us is that, yes, there's going to be some pass-through, but competition is really tough, our customers are very price sensitive, and it's very hard to pass those through, so there's very little pass-through.
Currently, against a background of an economy that's moving into excess demand, against a background of an economy where prices are increasing overall, what we're hearing is companies telling us that they're passing through price increases more quickly to consumers.
The best way to deal with that is really to get inflation down, to re-establish price stability.
One of the benefits of low, stable inflation is that then price increases stand out and consumers react and businesses are sensitive to that. That's one important reason why we need to get inflation back down, and that's why we're raising interest rates.