web analytics

Anyone seen the rockstar economy lately?

Written By: - Date published: 10:30 am, January 28th, 2016 - 56 comments
Categories: accountability, class war, economy, national - Tags: , , ,

National keeps claiming the reputation of the party that is “good with the economy”, but the facts tell a different story.

The “rockstar economy” was always a myth, and this week the bad economic news has kept on coming:

NZ Government books running $1.6 billion in the red as tax take disappoints

Lower than expected tax revenue has helped push up the Budget deficit to over $1.6 billion for the five months to the end of November. …

Some of that is probably hangover from working so hard to fake a tiny surplus last time. In other news:

Ratings agency downgrades NZ economy outlook

A leading international credit rating agency has downgraded its outlook for New Zealand’s economy, saying it doesn’t expect growth to be as strong as previously thought.

The latest ASB Housing Confidence Survey out today showed a 25 per cent drop in the number expecting rises.

It all started with the irresponsible tax cuts for the rich, and it all adds up to “More cracks in Government’s economic façade“…

56 comments on “Anyone seen the rockstar economy lately?”

  1. mulling it over 1

    Dairy farming won’t be adding anything much to the economy, but it’s certainly adding pollution into the water, cadmium into soil and adding to greenhouse gases. Somehow we are being spun the line that dairy is an economic necessity. Surely that’s bullshit

  2. Ad 2

    I was considering doing a post on the political room that National has now left Labour, now that Key has taken transport off the table after yesterday.

    Anthony, I think you are on the right track here.

    If I were writing Little’s speech for Sunday, my attack lines would go something like this:

    – The rich are getting fewer, and the poor are getting poorer. We’re going to turn that around.

    – 10 years ago, half the crowd in front of me would have owned their own house, now, less than a quarter of you here would have a show of buying anything. We’re going to get you into your own house.

    – None of you have any protection anymore if your boss decides to chuck you out. Apart from the 19% of New Zealand who belongs to a union. And that’s going to stop. Hey Talleys, we’re coming for you.

    – All the buildings and cranes and flash mirror glass you see around you aren’t for 99% of us New Zealanders. They are for the usual fat cats from here and overseas who are just sucking this place dry. We’re never going to get a look-in ‘behind the mirror glass’ unless we change it. We’re going to smash that glass.

    – This government, ‘they smile at your face but behind your back they hiss’. All the charm in the world won’t bring back good, honest government.

    Stuff in general that emphasizes a better distributed, faster-escalating, and higher ownership society.

    • BM 2.1

      I certainly hope he says most of that nonsense.

      Not that any one will be there listening to him.

    • Colonial Viper 2.2

      Ad, good speech, it is a shame you aren’t Little’s speech writer.

      I think however that his speech will be far more anodyne, though full of well worn Labour grand rhetoric, but in the end providing no material challenge against big business NZ or transnational corporates.

  3. Detrie 3

    Yep, total reliance upon ye old, discredited ‘trickle down’ economics. Govt statements are like watching Fox News, showering us with our daily dose of Spin, lies and Bull**it…

  4. BlueSky 4

    Its tripping out on acid.

  5. alwyn 5

    “The latest ASB Housing Confidence Survey out today showed a 25 per cent drop in the number expecting rises.”

    Perhaps you would care to explain why the ASB material is bad news?
    The highlights are that there is a drop in the number of people expecting house price increases and that people expect interest rates to remain steady. There is also a drop in the number of people thinking it is a good time to buy. That of course ties in with an expectation of stable, or even dropping prices.

    Just what is bad about that? Unless of course you own a lot of properties in Auckland and were relying on rapid price rises to make your fortune.
    We should be welcoming this as good news and a recognition that the LVR changes are having an effect.
    http://reports.asb.co.nz/report/article/22077/28/0/fewer-expecting-house-price-gains-but-see-interest-rates-staying-low.html

    • Nick Nack 5.1

      I agree. I own properties in Auckland and I’m more than content for prices to stabilise for the sake of my (and other peoples) children’s property ownership ambitions.

      • b waghorn 5.1.1

        If your so concerned you could sell them to first home buyers for a $200k less than gv.

        • Nick Nack 5.1.1.1

          Why would I do that?

          • b waghorn 5.1.1.1.1

            I never thought for a moment you would, do you realise how long house prices in Auckland would have to stand still for ,for wages to catch up to the recommended level of a house being three times the average income.?

            • Nick Nack 5.1.1.1.1.1

              Where does that come from? It sounds fairly arbitrary to me.

              I purchased my first house in 1985 and the cost price was around 5-6 times what my wife and I were earning. The other factor is that interest rates reached almost 20% in the 1980’s, today they are under 5%.

              Also the home loan affordability index at http://www.interest.co.nz/property/home-loan-affordability has shifted from 36.6 to 38 over the past five years, a very small change that shows affordability has been relatively stable comparing 2010 with now.

                • Nick Nack

                  My question was where does your recommended number of 3x come from?

                  Your link seems to confirm Alwyn’s point below as to when the problem began to appear. This problem originates with Government inaction over supply in the 2000’s, exacerbated by a failure to act on non-resident investment until 2015.

                  • b waghorn

                    Third paragragh down points towards what I was getting at. ( won’t let me cut and paste for some reason).
                    Do some goggling and i think you’ll find that 3 x is an excepted level of what is a healthy level of mortgage v income.
                    BTW I wish I had of brought a house in Auckland 4 years ago instead of Taumarunui , I would of been trading up to some land about now if I had, as there is no other way for a chap like me to make $100 k a year tax free.

            • In Vino 5.1.1.1.1.2

              Nick Nack

              You and your ilk have already done the damage. Your faux concern ‘for the sake of my (and other peoples) children’s property ownership ambitions’ are vain and empty words unless you make a self-sacrificing gesture such as b waghorn suggests.

              Face up to what you have done and accept responsibility.

              • Nick Nack

                What ‘damage’ are you referring to? If you’re referring to the unaffordability of housing, I am not responsible. People have done what I do (invest in rental properties) for decades without any adverse effects. Blaming me out of some resentment for what I have may somehow make you feel better, but it will never help advance the discussion towards meaningful solutions.

                • In Vino

                  So you do not understand collective guilt? Only individual? (And don’t worry about me feeling better… I don’t need to.)

                  May I refer you to Bob Dylan’s song “Who killed Davy Moore?”

                  None so blind as those who do not want to see. Your faith in property investment has caused this problem, but no, you are OK because others did it too. Myopia.

                  • Nick Nack

                    Property investment is not the problem. If it was, the problem of rapidly escalating house prices would have manifest itself decades ago. There are a number of causes of the rapid escalation in house prices in Auckland. People like me owning a few rental properties isn’t one of them.

          • sabine 5.1.1.1.2

            Well i can understand that you would not sell your overpriced wood boxes to your neighbours kids after all profit you know.
            But surely you would not want to screw your kids over expecting them to pay you profit on your overpriced wood boxes?
            surely.

            .

            • Nick Nack 5.1.1.1.2.1

              The market will determine the ‘price’, not you, not me. We’ll determine if and how we help our kids with home ownership when the time comes.

              • sabine

                but of course you will decide how you will help your children into home ownership, as they will not make it without help as many adult children have found out over the last few years.

                however, if they can’t afford Auckland they can always move elsewhere, no?

              • In Vino

                Self-centred right wing market preacher proudly states how he will help his own children into the criminally distorted Auckland house market after expressing faux concern for a whole lot of other children as well. Of course, he will put the welfare of all those other children onto someone else’s debt ledger while he continues to perpetuate the immoral stupidity of the spiralling Auckland house prices. I am not an Aucklander – I will shed no tears if silly Nick-Nack’s bubble happens to burst. I might even crack a dry smile. Just deserts.

                • Nick Nack

                  I will ignore the il-informed personal attack, but I am interested in how the Auckland house market is “criminally distorted”. Care to elaborate?

                  • In Vino

                    It is criminally distorted because it is now too expensive for all those poor other peoples’ children that you will not help (but you will help your own) even though you so patronisingly expressed concern for them – see your first post. There is no social justice here – only the arrogance of the greedy because they think they were clever in abusing a system that favoured them.
                    I do, of course, expect a huge protestation of innocence… I suspect that you have only ever tried to make money, and that you think that anyone who tries for a system that is fairer to more people is some kind of off-planet creature. Myopic again. Sorry if you think that is personal. It means short-sighted. OK?

                    • Nick Nack

                      Price is determined by supply and demand. Unless you can demonstrate some illegality in the incompetence of successive governments to deal with either side of this equation, you use of the word “criminal” is misplaced.

                    • Nick Nack

                      “I suspect that you have only ever tried to make money, and that you think that anyone who tries for a system that is fairer to more people is some kind of off-planet creature. ”

                      Why would you suspect that? Our investment in property is a long term strategy designed to provide us with an income in retirement. We see it as ‘safe’, conservative if you like. And more productive than the share market. We are not greedy, and we are not abusing any system.

  6. Colonial Viper 6

    The worse the economy gets, the more votes National will secure.

    • One Anonymous Bloke 6.1

      That’s how it always works, eh. The economy gets worse, the government increases its popularity. Every single time. Totes.

      • Colonial Viper 6.1.1

        OAB lolz. You refer to the general case. I am referring to this case. Just watch and wait.

  7. Colonial Viper 7

    Are there any political parties with plans to rein in the big banks which are sucking $5B out of the NZ economy every year, or to cancel the massive amount of private debt that Kiwis are suffering under and which greatly hinders future household formation?

    No?

    • Sabine 7.1

      of course there are no other political parties that would meet your standard as you are happy to make us understand at every given opportunity.
      I am waiting for you to create your party so we can join.

      Yes?

      • One Anonymous Bloke 7.1.1

        Let’s you and me join and overthrow the other member 😈

        • McFlock 7.1.1.1

          Stop being mean to the Popular Front of Judea!

        • Sabine 7.1.1.2

          but will there be music? Cause i only revolutionize if there is music and dancing 🙂

          • One Anonymous Bloke 7.1.1.2.1

            The incumbent has sanctioned music (and dancing) as a way for revolutionary cadres to break down barriers and meet one another, while he sits in a corner and cries. Special privileges will be granted to anyone who sits with him.

    • Tautuhi 7.2

      Would have been good if we had been able to hold onto the National Bank of New Zealand, the Bank of New Zealand and the Rural Bank.

      If my memory is correct the National Bank of New Zealand was once a major shareholder in Lloyds Bank of London?

      The Government were real clowns selling BNZ and the Rural Bank, they were gold plated investments built up by generations of New Zealand taxpayers money?

  8. “Tiny, fake surplus”

    Killer line.
    I hope it gets used 🙂

    • Colonial Viper 8.1

      Perhaps English should create a real surplus by raising GST on your property rates, cutting hospital surgeries, and slashing the benefit?

  9. Rosemary McDonald 9

    “Anyone seen the rockstar economy lately?”

    Follow that boat…

  10. Mosa 10

    Rock star economy ? I think the band has left the stage due to a bad peformance and our tickets aren’t refundable.

    • In Vino 10.1

      And don’t forget what some witty person already pointed out – it must be a Rock Star economy because the managers have already absconded with all the money.

    • David H 10.2

      Or it’s in Hospital on Life support, after a huge Overdose.

  11. aerobubble 11

    Being tough with budgets, harming the poorest is regarded as vote winning.
    Really?
    Surely undermining social cohesion, undermines the economy and so financial markets.
    When there are few young workers, their impoverishment is increasingly problematic to future economic stability.
    Global financial mess, planetary pollution, dislocated disenfranchised youth turning terrorism… …that’s why we have a PM of more of the same! High polling!

    The disconnect between reality and politics is staggering.

    • Stuart Munro 11.1

      It’s American strategy – coded racism. In the US poor means black or ‘white trash’ – in NZ the Gnats mean Maori. Not a good country to emulate.

    • Tautuhi 11.2

      Just cut the benefit altogether?

      • aerobubble 11.2.1

        Yeah bring on revolution as masses starve, and middle earners save more to cover crisises and the now indebt world spirals into Marxist prediction of capitalism eating itself. Sorry bro we’re here to save wealth not destroy it.

  12. Tautuhi 12

    Key has introduced USA Politics and Economic thinking to NZ and is stuffing it down our throats!!!

    Unfortunately most New Zealanders are wannabe John Keys BBF with Ritchie McCaw and the Royal Family, holidays in Hawaii, golfing buddies with Barrack Obama etc etc…

    However the reality of the situation is all the less fortunate people in NZ want a job, food on the table, a roof over their heads and a solid health and education system.
    We had that in the 1970’s however we followed the rest of the world down the Neo Liberal path where the rich got richer and the poor got poorer, however our leaders still don’t realise whats happened. We also have economic and political commentators fabricating the real situation?

Recent Comments

Recent Posts

  • PM’s remarks from joint stand-up with PM Morrison
    It’s my pleasure to be in Sydney today for our annual meeting, Prime Minister. It’s fair to say that since we last met, tragedy and disaster have befallen our two countries. They say that in moments of that nature, the true character of an individual comes to the fore. I ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government takes further action to protect New Zealanders from COVID-19
    Travel restrictions introduced for Iran from today No exemptions for students from China to enter the country Increased health staff presence at international airports  The Government has announced a suite of new actions as it steps up its response to the rapidly changing global spread of the COVID-19 coronavirus.  This ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Agriculture Minister declares adverse event for Waikato primary sector
    Agriculture Minister Damien O’Connor has today classified the drought conditions in Waikato and South Auckland as an adverse event for the primary sector, unlocking $80,000 in Government support for farmers and growers. “This is recognition that the extreme and prolonged nature of this dry spell is taking its toll on ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Govt books in good position to respond to coronavirus
    The Crown accounts are in a strong position to weather any economic uncertainty as a result of coronavirus, with the books in surplus and expenses close to forecast, Finance Minister Grant Robertson says. The Treasury today released the Crown accounts for the seven months to January. The operating balance before ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Digital experts to provide advice on technological change
    Supporting New Zealand to make most of digital and data driven technologies will be the focus of a new Digital Council that begins its work today. Minister for Government Digital Services, Kris Faafoi, and Minister of Statistics, James Shaw, have confirmed the group of experts chosen to advise the Government ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ Upgrade on South Island roads
    Safety and climate change resilience are behind South Island regional roading projects that are being brought forward as part of the New Zealand Upgrade Programme, Regional Economic Development Minister Shane Jones has announced.  As part of the NZ Upgrade, $300 million was allocated for regional investment opportunities.  “I’m pleased to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Milford gets connected with NZ Upgrade
    Digital and air connectivity in Fiordland are getting a big boost, Regional Economic Development Minister Shane Jones has announced.  As part of the $12 billion New Zealand Upgrade Programme announced in January, $300 million was allocated for regional investment opportunities, to be administered by the Provincial Development Unit.  “I’m pleased ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ Upgrade for West Coast ports and roads
    West Coast ports and roads will benefit from an investment of $18.6 million to improve safety and resilience and enable future economic growth, Regional Economic Development Minister Shane Jones announced today.   The $12 billion NZ Upgrade Programme announced last month allocated $300 million for regional investment opportunities, to be administered ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ Upgrade on North Island regional roads
    Regional roading projects that will improve safety and resilience are being brought forward as part of the New Zealand Upgrade Programme, Regional Economic Development Minister Shane Jones has announced. As part of the NZ Upgrade, $300 million was allocated for regional investment opportunities. “I spend a lot of time in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Ōpōtiki Harbour finally gets green light
    The Eastern Bay of Plenty will finally get the harbour development it has wanted for decades, thanks to a $79.4 million central Government investment, Regional Economic Development Minister Shane Jones announced today. This game-changing project will revitalise the township of Ōpōtiki and the wider Eastern Bay of Plenty, creating hundreds ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Land, air and sea: regions to benefit from NZ Upgrade
    Regional New Zealand will be a hive of activity in the coming months as the New Zealand Upgrade Programme delivers on its promise to modernise our infrastructure, prepare for climate change and help grow our economy. As part of the $12 billion NZ Upgrade Programme announced by the Government last ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Milestones marked with 2,000+ new cops
    A milestone has been reached with the graduation of more than 2,000 new Police officers since the Coalition Government took office in October 2017. Police Minister Stuart Nash says the graduation today of Wing 335 marks a surge of 2,023 new officers, and coincides with some significant breakthroughs against organised ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New diploma helps counter cyber security threats
    Broadcasting, Communications and Digital Media Minister, Kris Faafoi, and the Minister of Education, Chris Hipkins, have welcomed a new cyber security qualification as a step towards countering cyber threats and keeping New Zealanders safe. Attending the launch of the new Level 6 Diploma of Cyber Security at Auckland’s Unitec Institute ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Celebrating 20 years of the Hauraki Gulf Marine Park
    Government Ministers today celebrated 20 years of the Hauraki Gulf Marine Park/ Ko te Pataka kai o Tikapa Moana/ Te Moananui a Toi, and recognise there is much to celebrate and so much more to do to give nature a helping hand.   Conservation Minister Eugenie Sage said “New Zealanders care deeply about nature.I want to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ economy in strong position to respond to coronavirus
    Prepared remarks on coronavirus by Finance Minister Grant Robertson to the Auckland Chamber of Commerce and Massey University. Good morning ladies and gentlemen, The topic of this speech is the Budget 2020 priorities. But, given the considerable interest that I imagine is in the room about COVID-19 coronavirus, I do ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech at opening of Nadi Women’s Crisis Centre
    E ngā mana, e ngā reo, e ngā iwi, e ngā rau rangatira ma. Tena koutou, tena koutou, tena koutou katoa. Ni sa bula vinaka. Namaste Thank you Shamima, Hon. Minister Vuniwaqa, community leaders and Women’s Crisis Centre staff for your warm welcome. It’s an honour and privilege to officially ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt acts on fuel market competition
    The Government has released a comprehensive response to ensuring New Zealanders get a fairer deal at the petrol pump. This follows the Commerce Commission fuel market study which found motorists were paying more than they should for petrol and includes: Fuel Market Bill drafting, to pass mid-year Industry consultation in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech at Lautoka Mosque
    E ngā mana, e ngā reo, e ngā iwi, e ngā rau rangatira ma Tēnā koutou katoa Ni sa bula vinaka As-salaam alaikum It is a privilege to be here today. Thank you for welcoming us to your house of prayer. Thank you for your warmth. Thank you for greeting ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Taupō Airport upgrade takes off
    Taupō Airport is to be upgraded and expanded through a $5.9 million Government funding boost, Regional Economic Development Minister Shane Jones has announced. “Taupō Airport is the gateway to the Central North Island. It is essential for both keeping local people and businesses connected, but also to bring more people ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Place-based assessment confirmed for Rotorua
    The Minister of Housing Megan Woods has confirmed the Government is working with Rotorua Lakes District Council and Te Arawa for the second place-based assessment to better understand the housing and urban issues affecting the city. “Every New Zealander has a right to a warm, safe and secure place to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • More houses opened for New Zealanders
    19 new community homes (in addition to 14 opened in December) delivered in Takanini, Auckland 500 people housed by CORT Housing Trust by end of March 2,290 new public housing homes delivered in Auckland (November 2017 – December 2019). Another nineteen new public housing homes are being delivered in Auckland, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand and India to strengthen ties
    Foreign Minister Winston Peters and Minister for Trade and Export Growth David Parker met today with Indian External Affairs Minister Subrahmanyam Jaishankar to discuss ways to strengthen ties between New Zealand and India.   “India is a priority relationship for New Zealand. We share common democratic traditions, growing two-way trade, extensive people-to-people links, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • The Indo-Pacific: from principles to partnerships
    Speech to the Indian Council of World Affairs (ICWA) Delhi, India Wednesday 26 February 2020 [CHECK AGAINST DELIVERY] The Indo-Pacific: from principles to partnerships Distinguished guests, good afternoon and thank you for your invitation.  It is good to be here at a time where New Zealand needs less of an introduction than ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to University of the South Pacific students
    Tihei mauri ora Te Whare e tu nei Te Papa e takoto Tēnā korua  No reira tēnā koutou, tēnā koutou, tēnā koutou katoa Ni sa bula Vinaka It is a real pleasure to be here today, and to have the honour of addressing you all. If you’ll indulge me I’m ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Coromandel Conservation gets a boost
    Conservation efforts in Coromandel and Hauraki are getting a much needed helping hand thanks to DOC’s Community Conservation Fund, announced Minister of Conservation Eugenie Sage in the Kauaeranga Valley today.   “Our natural environment is important to New Zealanders, and everyone has a role to play in protecting it. We need ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Proposed new measures to improve Aotearoa’s air quality
      Improved air quality to support better health and environmental wellbeing is the focus of proposed amendments to air quality regulations, says the Associate Minister for the Environment, Hon Nanaia Mahuta.  “Although our air quality is good in most places, during winter certain places have spikes in air pollution, mainly from ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Water investment in Raukokore
    The remote eastern Bay of Plenty community of Raukokere will receive a Provincial Growth Fund (PGF) investment of $10.6 million for a water storage facility, Regional Economic Development Minister Shane Jones says. “This is great news for the rural community. The landowner, Te Whānau a Maruhaeremuri Hapū Trust, will use ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Lake Ōkaro lakebed transferred to Te Arawa as final piece of Settlement Act
    The Lake Ōkaro lakebed has transferred to Te Arawa Lakes Trust, Minister for Māori Crown Relations: Te Arawhiti Kelvin Davis announced today. Kelvin Davis joined Te Arawa at Te Papaiōuru Marae in Rotorua to celebrate the reinstatement of Te Arawa Lakes Trust as a key decision maker over the bed ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Better protection against late payments
    New legislation is being proposed which aims to reduce the stress and financial hardship caused by late payments to small businesses. The Minister for Small Business Stuart Nash is considering stricter rules around payment practices between businesses. “Late payments from large organisations to smaller suppliers can be crippling for these ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Police partnership programme with Fiji launched
    A new partnership programme between the New Zealand Police and Fiji Police will focus on combatting transnational organised crime and enhancing investigative skills, Prime Minister Jacinda Ardern announced on the first day of her visit to Fiji. The programme will see: ·       New Zealand Institute of Environmental Science and Research ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Joint statement from Prime Minister Ardern and Prime Minister Bainimarama
    Prime Minister Jacinda Ardern and Prime Minister Josaia Voreqe Bainimarama met today in Suva, and renewed their commitment to continue to strengthen Fiji-New Zealand relations on a foundation of shared values and equal partnership. The Prime Ministers acknowledged the kinship between Fijians and New Zealanders, one that has endured over ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • $19.9 million from PGF for Kawerau
    A $19.9 million investment from the Provincial Growth Fund will help develop essential infrastructure for an industrial hub in the Bay of Plenty town of Kawerau, Regional Economic Development Minister Shane Jones says. “The funding will go to three projects to further develop the Putauaki Trust Industrial Hub, an industrial ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • PGF funds Mahia roading package
    The Provincial Growth Fund is investing $8.3 million on a roading package for Mahia that will lead to greater and wider economic benefits for the region and beyond, Under Secretary for Regional Economic Development Fletcher Tabuteau announced at an event in Mahia today. The $8.3 million announced consists of: $7 ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • 18,400 children lifted out of poverty
    Prime Minister Jacinda Ardern has welcomed new reporting showing the Coalition Government is on track to meet its child poverty targets, with 18,400 children lifted out of poverty as a result of the Families Package.   Stats NZ has released the first set of comprehensive child poverty statistics since the Government ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • 20,000 more Kiwi kids on bikes
    Associate Minister of Transport Julie Anne Genter today announced that Bikes in Schools facilities have been rolled out to 20,000 more kiwi kids under this Government. She made the announcement at the opening of a new bike track at Henderson North School in Auckland. “Bikes in Schools facilities give kids ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Benefit settings rise in line with wages as of 1 April
    Benefit settings rise in line with wages as of 1 April   Main benefits will increase by over 3 percent, instead of 1.66 percent, on 1 April with the Government’s decision to annually adjust benefit rates to increases in the average wage. The Minister for Social Development, Carmel Sepuloni, said ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Foreign and Trade Ministers to lead business delegation to India
    Strengthening New Zealand’s political and business ties with India will be the focus of Foreign Affairs Minister Winston Peters’ and Trade and Export Growth Minister David Parker’s visit to India this week. The Ministers are co-leading a high level business delegation to India to support increased people and economic engagement ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Minister champions more Pacific in STEM – Toloa Awards
    The Minister for Pacific Peoples, Aupito William Sio continues to champion for greater Pacific participation in STEM (Science, Technology, Engineering and Mathematics) careers with the announcement of the Toloa Awards, with 8 recipients of the Toloa Community Fund and 13 Toloa Tertiary Scholarships. “The Toloa Programme encourages more Pacific peoples ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Submission period for whitebait consultation extended
    Conservation Minister Eugenie Sage has extended the date for people to have their say on proposed changes to improve management of whitebait across New Zealand.   Submissions were due to close on 2 March 2020 but will now remain open until 9am on Monday 16 March 2020.   “I have ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New international protection for frequent fliers
    The endangered toroa/Antipodean albatross has new international protection for its 100,000km annual migration, thanks to collaborative efforts led by New Zealand, Australia and Chile.   Today, 130 countries agreed to strictly protect Antipodean albatross at the Conference of Parties on the Convention on the Conservation of Migratory Species of Wild ...
    BeehiveBy beehive.govt.nz
    7 days ago