Look, it's Economics 100 that if consumption was stronger, if government spending was stronger, if investment was stronger and if net exports were stronger, there would be more growth in the economy, there would be more inflationary pressures, there would be more inflation and interest rates would need to be higher to bring it down, and you can say all those things in reverse. Yes, government spending feeds into our projection. I've outlined how it's fed in and I've outlined what we think the net effect is.
I will say, in closing, that with government spending running broadly in line with potential output, it is going to be important.... If government spending starts to run or increases further and runs well ahead of potential output, then it would be boosting the economy above its trend growth, and that would make it harder to get inflation down. That would be a problem.