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Shadow Treasurer Angus Taylor says the government has broken a second promise this week as they're "crab-walking away" from "any meaningful increase in real wages" over the next three years.

"During the election campaign, there (were) very explicit promises from Labor that they were the ones who would be able to get real wages up and that people would be made wealthier as a result," Mr Taylor told Sky News host Peta Credlin.

"What you saw in the forecast they put out today is no meaningful increase in real wages in the next three years and a very significant reduction in the next 12 months."

Mr Taylor said the first broken promise was the $275 power bill reduction.