Economy

Posts on the economy, work, business, income, and labour

Categories under Economy

The week of going backward

Written By: - Date published: 11:06 am, December 15th, 2023 - 30 comments

National has this week chosen to smash through under urgency legislation that will increase unemployment and interest rates, reduce workers wages and increase the country’s emissions of greenhouse gasses.

Who leaked the Fair Pay Cabinet Paper?

Written By: - Date published: 12:39 pm, December 7th, 2023 - 33 comments

My initial impression was that the person who leaked the Fair Pay Cabinet Paper to the media was probably a disgruntled Public Servant but was it?

Willis’s budget analysis is either deeply cynical or evidence she does not know what she is talking about

Written By: - Date published: 8:33 am, December 5th, 2023 - 75 comments

Recent claims by Nicola Willis that the Governments Finances are full of fiscal cliffs is evidence either that National will cynically make baseless claims to attack Labour or that Nicola Willis has no idea about what she is talking about and has not been doing her most basic job of reading and comprehending previous budget documents.

Cutting fair pay agreements will disproportionately impact women, Māori and Pasifika and young people

Written By: - Date published: 9:49 pm, December 4th, 2023 - 15 comments

The Cabinet Paper dealing with the Government’s proposal to do away with fair pay agreements has hit the media.  And the advice suggests that Cabinet is completely disinterested in the on the ground reality of what their shitty policy will do to ordinary Kiwis.

100 days of chaos

Written By: - Date published: 10:58 am, December 1st, 2023 - 18 comments

National’s 100 days of action is to address the rhetoric of economic difficulties but the announced policies will do nothing to help the pressure that ordinary people are feeling.

How not to make friends and influence people

Written By: - Date published: 10:06 am, November 28th, 2023 - 130 comments

An increase in lung cancer rates and a decrease in the amount that working families receive so that tax credits for landlords can be put in place tells you everything you need to know about the priorities of this Government.  Your blood should be boiling by this stage and it is only two days in.

Aotearoa the way you want it?

Written By: - Date published: 11:06 am, November 26th, 2023 - 47 comments

The new Government’s policies give the impression they were formulated by members of a Workingman’s club in the 1970s and negotiated over a few beers.

Highlights quoted out of the National-New Zealand First coalition agreement

Written By: - Date published: 9:36 am, November 25th, 2023 - 73 comments

Some of the more unusual policies from the National-New Zealand First coalition agreement.

Green growth or degrowth?

Written By: - Date published: 11:07 am, November 22nd, 2023 - 21 comments

There is growing scepticism among climate policy researchers about green growth, as concepts of degrowth go mainstream.

Hipkins endorsed

Written By: - Date published: 8:02 pm, November 7th, 2023 - 53 comments

It was never going to be anything else, but two positive emerged. All policy options are back on the table, including tax, and there is a realisation that the main task ahead is to rebuild a strong and progressive party.

Has Labour become a cadre Party? Pt 1 Leadership

Written By: - Date published: 4:43 pm, November 2nd, 2023 - 18 comments

In 2021, I voted against Labour’s conference proposal for midstream leadership change to be determined by Caucus alone, saying that it risked Labour becoming a cadre party for elites. A series of posts will start with why the Caucus should not rush to a leadership vote.

The Injustice of Blackball

Written By: - Date published: 8:04 am, November 2nd, 2023 - 14 comments

There is no “just transition” occurring on New Zealand’s west coast and there should be. 

Pagani and Edwards do not understand the working class

Written By: - Date published: 9:26 am, November 1st, 2023 - 87 comments

Bryce Edwards and Josie Pagani have suggested that there should be more working class in Parliament. But the quality of their analysis leaves a lot to be desired.

The long wait

Written By: - Date published: 9:47 am, October 16th, 2023 - 57 comments

As it stands right now with the indecisive election result, we’re probably into having a caretaker government for some time. The election results after the special votes are targeted to be declared on November 3rd. The last day for the writ is on November 9th.It may then take some time to form a governing number of seats in parliament.

Multimillionaire landlords are the real squeezed middle according to National

Written By: - Date published: 8:20 am, October 11th, 2023 - 24 comments

Craig Rennie of the CTU has continued his excellent work analysing National’s proposed tax cuts and has come up with a doozie.  Landlords who own multiple properties will get huge tax cuts if National’s policy is put in place.

National’s credibility problem

Written By: - Date published: 9:34 am, October 6th, 2023 - 31 comments

National has suffered further damage to its credibility with its promise of a $250 tax cut per fortnight for an average family only being realised if that family spent at least $300 per week on childcare and was a two income family with each adult earning between $53,500 and $66,000.

Even Capitalists think that too much Capitalism is a bad thing

Written By: - Date published: 8:15 am, October 5th, 2023 - 9 comments

In recent times Goldman Sax has warned National that its policies will hurt the economy. And S&P has praised Labour’s handling of the economy and expressed a high assessment of various factors relating to the country.

The weird and wacky 2023 election campaign

Written By: - Date published: 11:22 am, October 4th, 2023 - 30 comments

In a week of weird events National’s decision not to debate Labour in the Press’s leader’s debate has been a massive own goal because the country will be able to see how toxic David Seymour’s and Winston Peters’ relationship is.

Should you be more worried about co-governance or the top 1%?

Written By: - Date published: 1:13 pm, October 3rd, 2023 - 52 comments

To the those voting ACT or NZF or National this year because you are worried about co-governance. I have a secret for you. You have been co-governed by the richest 1% for decades.

What really matters this election – poverty

Written By: - Date published: 11:50 am, September 30th, 2023 - 38 comments

National has shown its real priorities with proposals to cut benefits that will pay for increased tax concessions for landlords and increasing prison resources in anticipation of the crime wave the increased poverty will cause.

Tax or quality public services – which is more important to NZ voters?

Written By: - Date published: 10:31 pm, September 27th, 2023 - 16 comments

Earlier this year Andrew Marr wrote in the New Statesmen, that Britain’s problem was that it wanted Scandinavian levels of Public Services and North American levels of taxation. His view was that Britain was overdue for an honest debate about tax and public spending. In New Zealand, there is a similar challenge.

National’s back of the envelope $715 million tax calculation

Written By: - Date published: 8:58 am, September 25th, 2023 - 39 comments

Nicola Willis has essentially confirmed that the design of National’s foreign purchase of land tax was and remains sufficient to be done on the back of an envelope.

National really, really needs New Zealand to be in a recession

Written By: - Date published: 7:59 am, September 24th, 2023 - 22 comments

After Stats NZ shot down National’s claim that the country is in recession National pirouetted by claiming that New Zealand WILL be in recession in the near future and that the Reserve Bank has predicted this. But according to the Reserve Bank this may not be true …

NZ Election: National’s tax policy

Written By: - Date published: 9:07 am, September 21st, 2023 - 7 comments

A year ago this month, the Liz Truss/Kwasi Kwarteng mini-budget destroyed once and for all the myth that the Tories are better at managing the economy. The New Zealand National Party could not even wait until they were in government to prove the same applies to them.

Understanding the New Zealand General Election 2023: Historical trends and perspectives.

Written By: - Date published: 6:01 am, September 20th, 2023 - 15 comments

From the outside, the New Zealand 2023 General Election seems both lacklustre and slightly strange. The Labour Government, having won a huge majority in 2020 is now fighting for its political life. Yet National, the main centre-right opposition party is still on average polling significantly worse now than they were when it lost power in 2017.

My Way or the Huawei

Written By: - Date published: 5:06 am, September 17th, 2023 - 9 comments

I like my Huawei phone. I’m looking forward to the new Mate 60Pro. It’s launch means the US-led sanctions aiming to crush Huawei, with New Zealand as a fast follower, have completely failed to set back Chinese technology.

Green Party confirms plan for five weeks annual leave

Written By: - Date published: 2:01 pm, September 16th, 2023 - 19 comments

“Everyone should be able to spend quality time with their whānau and friends”

Where are National’s costings?

Written By: - Date published: 9:52 am, September 16th, 2023 - 19 comments

Despite repeated analysis that its policies do not add up National is refusing to release the costings behind its policies.

National’s enormous tax hole problem

Written By: - Date published: 8:19 am, September 14th, 2023 - 115 comments

Independent economists have calculated that there is a half a billion dollar hole in National’s foreigner land purchase tax policy.

Predatory delay on climate action by Fonterra, Dairy NZ and Federated Farmers

Written By: - Date published: 9:23 am, September 13th, 2023 - 2 comments

A damning report from Russel Norman on how the agricultural industry blocked climate action for the past two decades.

National is devastated as PREFU is better than expected

Written By: - Date published: 9:17 am, September 13th, 2023 - 26 comments

National has reached new levels of excessive hyperbole in response to the PREFU release which was better than expected.