Open mike 17/10/2024
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6:00 am, October 17th, 2024 - 6 comments
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Today’s inflation figures are more good news for New Zealanders, Finance Minister Nicola Willis says. Stats NZ reported today that the inflation rate had dropped from 3.3 per cent in the year to June to 2.2 per cent in the year to September. That is down from 5.6 per cent just ...21 hours ago
- Welfare traffic light system off to good start
Data from the first full calendar month of the Government’s welfare traffic light system shows more beneficiaries are doing what is required of them, Social Development and Employment Minister Louise Upston says. A total of 331,530 people were in the system at the end of September due to having work-related ...1 day ago
- Dairy export quota Bill passes first reading
The Government’s work to boost export value has hit another milestone, with a new dairy Bill passing its first reading in Parliament today, Agriculture Minister Todd McClay announced. “The Dairy Industry Restructuring (Export Licences Allocation) Amendment Bill will modernise New Zealand’s dairy export quota system to grow export and farmgate ...2 days ago
- Government extends fight against cybercrime
Legislation that will help protect New Zealanders from cybercrime has passed first reading in Parliament today, Justice Minister Paul Goldsmith says. “11% of New Zealanders were victims of fraud and cybercrime in 2023, causing significant financial harm and emotional distress. “The Budapest Convention, also known as the Council of Europe ...2 days ago
- “Advancing New Zealand and Asia relations”
Good evening Before discussing the ‘advancing of New Zealand and Asia relations’, we would like to congratulate the Asia New Zealand Foundation and acknowledge its significant contribution to New Zealand’s relationship with, and understanding of, Asia over the past 30 years. Can we also welcome Thitinan Pongsudhirak, one of ...2 days ago
- Speech to the Institute of Finance Professionals NZ, 2024 Conference
Kia ora koutou Greetings from Wellington. I am sorry I can’t be with you in person today, but I’m delighted that I can talk to you virtually. I’d like to begin by acknowledging your chair Bill Goodwin and members of your board. I’d also like to acknowledge the fitness of ...2 days ago
- Foreign Minister to visit Thailand, attend Indonesian Presidential inauguration
Foreign Minister Winston Peters is travelling this week to Bangkok for talks with his Thai counterpart, and to Jakarta to attend the inauguration of Indonesia’s next President, Prabowo Subianto. “New Zealand is committed to our Comprehensive Partnership with Indonesia, and our shared ties as democracies in the Indo-Pacific region,” Mr ...2 days ago
- Economic growth on the Fast-track
The one-stop-shop Fast-track Approvals Bill, and the 149 projects listed in the Bill, will help rebuild our struggling economy and kick-start economic growth across the country, Minister for Infrastructure Chris Bishop says. “Since 2022, New Zealand has battled anaemic levels of economic growth. If we want Kiwi kids to stop ...3 days ago
- Sir Brian Roche new Public Service Commissioner
Prime Minister Christopher Luxon today announced the appointment of Sir Brian Roche as the next Public Service Commissioner. “I am delighted to appoint Sir Brian to this crucial leadership position,” Mr Luxon says. “Sir Brian is a highly respected New Zealander who has held significant roles across the public and ...3 days ago
- Government and sector to improve Forestry ETS Registry
Forestry Minister Todd McClay today announced the establishment of a Forestry Sector Reference Group to drive better outcomes from the Forestry Emissions Trading Scheme (ETS) Registry. “We are committed to working with the forestry sector to provide greater transparency and engagement on the forestry ETS registry as we work to ...3 days ago
- Stronger fuel reserves to drive economic stability
New Zealand’s fuel resilience is being strengthened to ensure people and goods keep moving and connected to the world in case of disruptions, Associate Energy Minister Shane Jones says. “Fuel security is a priority for the Coalition Government. We are acutely aware of how important engine fuels are to our ...3 days ago
- Government to provide significant regulatory relief for business
The Government will reform New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) system to provide significant regulatory relief for businesses, Associate Justice Minister Nicole McKee says. “Cabinet has approved an AML/CFT reform work programme which will ensure streamlined, workable, and effective regulations for businesses, law enforcement, and ...4 days ago
- Big year of building reforms
Significant reforms are underway in the building and construction portfolio to help enable more affordable homes and a stronger economy, Building and Construction Minister Chris Penk says. “If we want to grow the economy, lift incomes, create jobs and build more affordable, quality homes we need a construction sector that ...4 days ago
- Minister to attend cyber security, NATO meetings
Minister Responsible for the GCSB and Minister of Defence Judith Collins will travel to Singapore and Brussels for Singapore International Cyber Week and the North Atlantic Treaty Organization (NATO) Defence Ministers’ Meeting. New Zealand has been invited to attend the NATO meeting alongside representatives from the European Union and the ...4 days ago
- Significant protection for Hauraki Gulf/Tīkapa Moana
Toitū ngā pōito o te kupenga a Toitehuatahi! A Government commitment to restoring the health and mauri of the Hauraki Gulf/Tīkapa Moana will enhance the area for generations to come, Minister of Conservation Tama Potaka says. Cabinet recently agreed to pass the Hauraki Gulf/Tīkapa Moana Marine Protection Bill into law, ...4 days ago
- Overseas investment changes to get New Zealand off the bench
Associate Finance Minister David Seymour says the Government has committed to action on overseas investment, where the country’s policy settings are the worst in the developed world and holding back wage growth. “Cabinet has agreed to the principles for reforming our overseas investment law. At the core of these principles ...5 days ago
- Luxon wraps up East Asia Summit
The annual East Asia Summit (EAS) held in Laos this week underscored the critical role that the Association of Southeast Asian Nations (ASEAN) plays in ensuring a peaceful, stable and prosperous Indo-Pacific, Prime Minister Christopher Luxon says. "My first participation in an EAS has been a valuable opportunity to engage ...6 days ago
- Feedback will improve health and safety system and grow the economy
Workplace Relations and Safety Minister Brooke van Velden says the feedback from the health and safety roadshow will help shape the future of health and safety in New Zealand and grow the economy. “New Zealand’s poorly performing health and safety system could be costing this country billions,” says Ms van ...6 days ago
- Government releases more Fast-track detail
The Government has released the independent Advisory Group’s report on the 384 projects which applied to be listed in the Fast-track Approvals Bill, and further detail about the careful management of Ministers’ conflicts of interest, Infrastructure Minister Chris Bishop says. Independent Advisory Group Report The full report has now been ...6 days ago
- Government releases plan for affordable electricity
The Government Policy Statement (GPS) on electricity clearly sets out the Government’s role in delivering affordable and secure electricity at internationally competitive prices, Energy Minister Simeon Brown says.“New Zealand’s economic growth and prosperity relies on Kiwi households and businesses having access to affordable and secure electricity at internationally competitive prices. ...6 days ago
- Govt broadly accepts Royal Commission findings
The Government has broadly accepted the findings of the Royal Commission of Inquiry into Abuse in Care whilst continuing to consider and respond to its recommendations. “It is clear the Crown utterly failed thousands of brave New Zealanders. As a society and as the State we should have done better. ...6 days ago
- Brakes put on contractor and consultant spending
The brakes have been put on contractor and consultant spending and growth in the public service workforce, Finance Minister Nicola Willis says. “Workforce data released today shows spending on contractors and consultants fell by $274 million, or 13 per cent, across the public sector in the year to June 30. ...7 days ago
- Accounts confirm need for spending restraint
The Crown accounts for the 2023/24 year underscore the need for the Government’s ongoing efforts to restore discipline to public spending, Finance Minister Nicola Willis says. The Financial Statements of the Government for the year ended 30 June 2024 were released today. They show net core Crown net debt at ...7 days ago
- Minister to co-chair carbon market negotiations at COP29
Climate Change Minister Simon Watts will chair negotiations on carbon markets at this year’s United Nations Climate Change Conference (COP29) alongside Singapore’s Minister for Sustainability and Environment, Grace Fu. “Climate change is a global challenge, and it’s important for countries to be enabled to work together and support each other ...7 days ago
- Confirmation of Payee service to improve payment security
A new confirmation of payments system in the banking sector will make it safer for Kiwis making bank transactions, Commerce and Consumer Affairs Minister Andrew Bayly says. “In my open letter to the banks in February, I outlined several of my expectations of the sector, including the introduction of a ...7 days ago
- Medicines access continues to increase
Associate Health Minister with responsibility for Pharmac David Seymour is pleased to see Pharmac continue to increase availability of medicines for Kiwis with the Government’s largest ever investment in Pharmac. “Pharmac operates independently, but it must work within the budget constraints set by the Government,” says Mr Seymour. “When our ...7 days ago
- Strengthening NZ’s emergency management system
The Government has released its long-term vision to strengthen New Zealand’s disaster resilience and emergency management, Emergency Management and Recovery Minister Mark Mitchell announced today. “It’s clear from the North Island Severe Weather Events (NISWE) Inquiry, that our emergency management system was not fit-for-purpose,” Mr Mitchell says. “We’ve seen first-hand ...1 week ago
- Brighter days ahead for Kiwis
Today’s cut in the Official Cash Rate (OCR) to 4.75 per cent is welcome news for families and businesses, Finance Minister Nicola Willis says. “Lower interest rates will provide much-needed relief for households and businesses, allowing families to keep more of their hard-earned money and increasing the opportunities for businesses ...1 week ago
- Sport NZ asked to update Transgender Inclusion Guiding Principles
Sport & Recreation Minister Chris Bishop has asked Sport NZ to review and update its Guiding Principles for the Inclusion of Transgender People in Community Sport. “The Guiding Principles, published in 2022, were intended to be a helpful guide for sporting bodies grappling with a tricky issue. They are intended ...1 week ago
- Freshwater farm plan rollout set to be paused by end of year
The Coalition Government is restoring confidence to the rural sector by pausing the rollout of freshwater farm plans while changes are made to ensure the system is affordable and more practical for farmers and growers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay announced today. “Freshwater farm plans ...1 week ago
- New report shows improvements in air quality
The latest report from the Ministry for the Environment (MfE) and Stats NZ, Our air 2024, reveals that overall air quality in New Zealand is improving, Environment Minister Penny Simmonds and Statistics Minister Andrew Bayly say. “Air pollution levels have decreased in many parts of the country. New Zealand is ...1 week ago
- New Zealand Climate Change Ambassador appointed
Climate Change Minister Simon Watts has announced the appointment of Stuart Horne as New Zealand’s Climate Change Ambassador. “I am pleased to welcome someone of Stuart’s calibre to this important role, given his expertise in foreign policy, trade, and economics, along with strong business connections,” Mr Watts says. “Stuart’s understanding ...1 week ago
- Plunket to help increase childhood vaccination rates
Health Minister Dr Shane Reti and Associate Health Minister Casey Costello have announced a pilot to increase childhood immunisations, by training the Whānau Āwhina Plunket workforce as vaccinators in locations where vaccine coverage is particularly low. The Government is investing up to $1 million for Health New Zealand to partner ...1 week ago
- Holding careless builders accountable
The Government is looking at strengthening requirements for building professionals, including penalties, to ensure Kiwis have confidence in their biggest asset, Building and Construction Minister Chris Penk says “The Government is taking decisive action to make building easier and more affordable. If we want to tackle our chronic undersupply of houses ...1 week ago
- Further action to tackle driver licence wait times
The Government is taking further action to tackle the unacceptable wait times facing people trying to sit their driver licence test by temporarily extending the amount of time people can drive on overseas licences from 12 months to 18 months, Transport Minister Simeon Brown says. “The previous government removed fees for ...1 week ago
- Strengthened cyber security support for New Zealand businesses
The Government has reaffirmed its commitment to ensuring New Zealand is a safe and secure place to do business with the launch of new cyber security resources, Small Business and Manufacturing Minister Andrew Bayly says. “Cyber security is crucial for businesses, but it’s often discounted for more immediate business concerns. ...1 week ago
- Apprenticeship Boost targets key occupations
Investment in Apprenticeship Boost will prioritise critical industries and targeted occupations that are essential to addressing New Zealand’s skills shortages and rebuilding the economy, Tertiary Education and Skills Minister Penny Simmonds and Social Development and Employment Minister Louise Upston say. “By focusing Apprenticeship Boost on first-year apprentices in targeted occupations, ...1 week ago
- Funding boost to reduce wait times at Palmerston North ED
Health Minister Dr Shane Reti has announced a funding boost for Palmerston North ED to reduce wait times and improve patient safety and care, as well as new national standards for moving acute patients through hospitals. “Wait times in emergency departments have deteriorated over the past six years and Palmerston ...1 week ago
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NATZ
We have a plan
We are working really hard to shambolise the country.
Next on the plan is Wellington.
We are on track.
Newsroom on takeover bid for Wellington. Good analysis from Jonathan Milne.
https://newsroom.co.nz/2024/10/16/govt-hostile-takeover-bid-for-wellington-city/
The longer these clowns are in control, the more decisions they make, the saying:
They know the cost of everything and the value of nothing. Rings true
Luxon, Reti and Levy could not articulate the many and varied benefits of the Dunedin hospital. A once in many generations opportunity and they want to scrooge it.
Willis and the ferry debacle, taking a 2-3 yr balance sheet view of a 30year infrastructure project.
From Milne's article:
"Tory Whanau told me the council now has about $2.8 billion of its assets left uninsured – it hasn’t been able to sustain the rising premiums. “Should the worst happen in our city, like an earthquake, we have very little to access in terms of rebuilding our city. Hence, the sale of the airport.”
Nobody is quoting figures on this insurance cost. People bandy around figures like $2.8 billion, but what is the cost per annum of the premiums?
I would have thought that the cost of these premiums would not be be significant in comparison with the many other costs faced by the WCC, especially for infrastructure and 3-waters.
If this is true, then this is not the real reason that the airport shares were proposed to be sold.
What's the bet Luxon will fold on this, eventually?
Quelle surprise…
The definite anti-competetive nature of
ourAustralian owned banks..sucks. We need our own bank. Way past time for it to be a level playing field !