Finance Minister Bill English has come under fire for saying low wages in New Zealand help it compete with neighbouring Australia.

Labour leader Phil Goff said Mr English's comments, made at a weekend leadership forum, showed the Government had no plan to achieve its election promise to close the gap with Australia or to improve the economy.

"The best Bill English can do is trumpet that New Zealand wages are 30 per cent below Australia's giving us an 'advantage'. This from a Government which campaigned at the last election on closing the gap with Australia," Mr Goff said.

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