web analytics

COVID19 Vaccine and New Zealand’s K-Shaped Recovery

Written By: - Date published: 7:00 am, November 11th, 2020 - 36 comments
Categories: covid-19, Economy, grant robertson, jacinda ardern, poverty, uncategorized, unemployment, workers' rights - Tags:

Just three days after the United States elections, Pfizer and BioNTech have announced that they are seeking emergency clearance for a vaccine for Covid19, just 3 days after the United States elections. For Donald Trump that has to be the meanest piece of political timing since Chamberlain flying back from Munich in [1938].

President Trump had been promising that a vaccine against the virus would occur before the election, multiple times.

On the strength of that one announcement alone, global sharemarkets have gone upwardly nuts overnight, and look set to continue.

But if this looks like a new dawn to those putting out the media releases today, let’s not forget that this is the accelerating point of the K-shaped recovery we have been dreading.

Our already rich are on the line heading upwards. They are getting richer because of a range of our Government policies.

On the way down are renters, beneficiaries and the working poor who are all getting poorer because their rents are rising, their incomes are falling, and they have received barely any more help than they got before the pandemic.

So there’s two upward parts to this fast sorting mechanism.

The first is property. If you have good equity and own property, you will be seeking to buy more now while interest rates are so low. Interest rates are, after this news of a potential vaccine, unlikely to go lower.

The second is Kiwisaver. If you have over $150,000 in Kiwisaver now, as the sharemarket goes through a boom for the next couple of years of economic recovery, you may well find yourself doing pretty well.

With those two elements in place, you may be simply feeling secure enough to ride out a job loss. Maybe help out relatives who are not in such a position. Maybe just cut back on expenses and retire early.

Then there’s most of New Zealand on the downward parts to the K.

Rents are going up. No one is getting salary increases. Job insecurity is increasing.

It’s softened from being a straight vertical fall by the $25 per week increase for those on the main benefit, and by the planned legislated increase to the minimum wage next year. So beneficiaries get about $500m more across all of them, and those on Working For Families get an extra $32m. The government supported businesses by spending $13 billion on wage subsidy payments.

Our Government gave business 26 times more direct support than it gave to beneficiaries during the crisis.

This assistance in recovery for business rather than directly to workers is set to continue.

The first Cabinet decision of the new Labour Government was as of yesterday a three year extension of the Small Business Loan scheme interest free for two years.

Nearly 100,000 businesses have received a loan to date, totalling $1.6 billion. During the crisis, each business owner got on average around $17,000.

So we can see the direction that this government is taking pretty clearly, and it is towards supporting business rather than workers, in the expectation that this will flow through to the economy generally.

So how’s the results?

From the September quarter, when the main policy actions were at their strongest, there were 37,000 more unemployed people – an increase of 32.5% since the June 2020 quarter. This is the highest quarterly rise in unemployment since these records began in 1986. The under utilisation rate grew to 13.2%.

With this amount of support for business, there will be few complaints from the business community spokespeople.

And now for the banks, who provide the most vocal commentators on our economy. In the last six months during the crisis, banks saw their capital requirements relaxed, their lending restrictions relaxed, and they were offered guarantees funded by the Government to encourage lending to businesses. We won’t expect them to complain then either.

Bank economists from ANZ show that it is the rentier classes who are doing great, and the actual workers – particularly women – doing really badly.

The housing market and anything to do with property such as building consents are doing great. And to be frank if you have a good job that is flexible and you can work from home, most businesses are giving more flexibility and it’s a breath of fresh air.

But those businesses outside of the rentier class and who earn us export dollars – like the devastated tourism, international education, and horticulture sectors – are facing significant economic and commercial headwinds. Young women who dominate employment in the retail and food services sector have seen 29,000 fewer people employed since March this year. And it’s going to get worse for them.

On top of that, the Reserve Bank pledged to print up to $100 billion to buy back Government bonds over the next two years in an attempt to keep those interest rates low. Business and property owners are destined to get cheap money for as far into the future as the eye can see.

In terms of shifting our economy to something more productive, more sustainable, and more likely to generate higher salaries and better prospects, Government’s main policy moves are taking us in exactly the opposite direction of where we need to go.

For those on the upward side of the K tick, those with property and shares in Kiwisaver, you are going to make bank on increasing rents, increasing property prices, and tax-free capital gains. Lest we need reminding from Max Rashbrooke, we are an exceedingly unequal society, with the wealthiest tenth owning about 20% of our net worth, and the poorest half of the country having less than 5%.

For those on the downward side, the consequences of the Government’s 2020 policies are that there’s little here National wouldn’t have done to them.

This Government is supporting the rich to get richer, not the poor. And it’s accelerating.

36 comments on “COVID19 Vaccine and New Zealand’s K-Shaped Recovery ”

  1. Sanctuary 1

    The Munich deal was in 1938… 😉

    [Thanks I have corrected – MS]

  2. I just posted this on Open Mike but it's just as applicable here.

    From No Right Turn:

    "Meanwhile, Labour has ruled out a wealth tax, a capital gains tax, or any increase in taxation beyond their derisory re-imposition of a (low) top tax rate on people who earn more than backbench Labour MP's. The message is clear: their "kindness" extends only to rich people, who will be exempted from paying their fair share of the costs of the pandemic (or society in general). As for poor kids, they can keep on starving. Which once again invites the question: what is Labour for, exactly, if they're not going to ever deliver anything?"

    My bold.

    A government with an overwhelming mandate delivering underwhelming 'change.'

    • Stunned Mullet 2.1

      In your opinion what is rich people's fair share ?

      How do you define a rich person ?

      • Drowsy M. Kram 2.1.1

        Nice one Stunned, two 'critical' questions that will be exercising rich and poor unalike. The wealthy will generally be pretty comfortable waiting for answers; the underclass not so much.

        In her essay below, Liang describes poverty as a “heritable condition” that perpetuates and amplifies through generations: “It is also not hard to see how individual poverty flows into communities and society, with downstream effects on economics, crime and health, as well as many other systems. Loosen one strand and everything else unravels.

        A Kete Half Empty

        Poverty is your problem, it is everyone’s problem, not just those who are in poverty. – Rebecca, a child from Te Puru

      • Draco T Bastard 2.1.2

        Rich person = anyone with passive income.

        Passive income = income that they didn't work for i.e, shareholders and owners of rental property.

        Paying their fair share is wrong as the government doesn't even need an income.

        Instead we should be looking at a fair share of the total income of the country which would require a maximum income, the removal of passive income and the closing of loopholes in the tax system that allow rich people to avoid paying the taxes that they should be paying.

        Do that and then we could have a fair income system and the removal of income taxes.

  3. Rosemary McDonald 3

    I guess the honeymoon is over then?

  4. Pat 4

    They are trapped by the (developed) worldwide credit growth model and lack the courage (and imagination) to row against the tide….and in the medium term I'm not sure they would be thanked by anyone if they did

    Until such time as one of the major players changes course I suspect the lack of courage will remain.

  5. Sabine 5

    The government supported the workers of this country with the 'Wage Subsidy'. Honestly it can not be so hard to finally get that right.

    The wage subsidy did "benefit" a few very large businesses – all smaller and micro businesses used the wage subsidy as it was intended, pay the wages of its staff and keep them on the books rather then send them all into unemployment starting with the first lockdown. Same with the two – class system of unemployed, Covid or not, that increased Covid unemployment benefit will now run out in December – just for christmas – for those last lucky ducky that lost their jobs in October, loose it in November and yer shit outta luck.

    It is called 'flattening the unemployment curve' and it did what was expected. It was never fair, ripe for abuse, but hey, such is life, and no one could have predicted that the big box businesses would abuse the Treasury. s/

    Labour was quite clear what it was not going to do,

    – it was not gonna raise taxes in any meaningful way – the increase in the taxes for those at 180.000 is laughable in its mendacity and will never make any meaningful money for the treasury – but surely Robertson felt good when he announced it,

    -it will not increase the benefits for beneficiaries in any meaningful way,

    -it will not decouple the right to unemployment benefits from a partnership/marriage – thus harming mainly women who lost their jobs( and so far the biggest impact of unemployment is born by women- but we don't talk about that too) but have a partner still with a job – an archaic rule if ever there was one – sorry lady, you go ask your partner for your next mealticket, but it will dispense kindness and gentlenessness with a catapult for all those that don't like what they see happening

    – and the poor kids of this country, the kids that are poor because their parents are poor, will maybe get a free meal in school – hopefully before next year when the full roll out to freed some 200.000 kids is to be completed.

    All of this was known before the election. Why so surprised now?

    • Rosemary McDonald 5.1

      All of this was known before the election. Why so surprised now?

      Agreed. Beggars belief that those Labour loyals didn't see this.

      Too late now…another three years of the most vulnerable being told 'Wait, your day will come…'

    • And Air NZ (sorry Walmart Airlines) is using Government Money to pay bonuses.

      I thought that they were told that they couldn't have the wage subsidy and pay bonuses.

      • Tricledrown 5.2.1

        Facts please the govt set up a $900 million loan facility for Air NZ they haven't used much of it only $100 million.

        The fact air NZ paid dividends to shareholders is misunderstood because the govt is a 51% shareholder so while they give Air NZ a cheap loan to help keep them afloat because going bankrupt the govt would loose even more money but the govt gets 51% of the dividends plus tax from GST and profit.

        Air NZ going bankrupt would have dire consequences for our economy.

        The Walmart comment is an ignorant comment The former CEO of Walmart changed the employment culture at Walmart from Zero hrs and minimum wage to permanent and decent wages.

  6. weka 6

    It’s softened from being a straight vertical fall by the $25 per week increase for those on the main benefit…

    Is that true though? Labour increased the base rate of benefits, but some beneficiaries getting TAS won't get the full $25. I remember at the time beneficiaries saying they got a few dollars.

    What useful economic analysis would look like if we want to understand the actual situation for beneficiaries:

    1. the figures of how many beneficiaries got how much in their bank account (do it in brackets of $5 or whatever)
    2. how much rents have gone up since then.

    Not sure if other supplementary benefits affected the 'in bank account' amount, or earnings/abatement, it's a complicated system (how benefits get calculated).

    • Draco T Bastard 6.1

      I remember at the time beneficiaries saying they got a few dollars.

      What's published is called the headline rate. What's not published is the formulation that determines how much of that headline rate that a person will get.

      Pretty close to nobody will get the headline rate.

      A large problem with the headline rate is that after its published the rentiers will put rents and other prices up to capture that $50 for themselves thus ensuring that the majority of people that receive it will be worse off.

      What useful economic analysis would look like if we want to understand the actual situation for beneficiaries:

      ZOMG, you want the government to make decisions based upon facts rather than reckons and feels.


  7. weka 7

    This Government is supporting the rich to get richer, not the poor. And it’s accelerating.

    No shit. What do you think should be done about that? Because it was obvious before the election that this was the state of play, so I can only assume that Labour voters are in fact ok with the situation, or they believe that Labour can be convinced to change its fundamental approach. I'd love to know how.

    • Rosemary McDonald 7.1

      I can only assume that Labour voters are in fact ok with the situation,

      I await with bated breath a response from the on- site Labour/Jacinda supporters, especially now they can no longer blame Winston.

  8. AB 8

    These trends were present pre-Covid. So the brilliance and rigour of Labour's response to Covid – for which we should be grateful and for which they were rewarded at the election – has enabled BAU to continue and perhaps accelerate. A deep irony, given how those who benefit most from BAU lambasted Labour's Covid response as excessively harsh and damaging to business – they couldn’t even recognise that their own arses were being saved.

    Ardern (as I have said before) is the most talented third-way politician seen anywhere – but her brilliance doesn't make it any less of a dead-end. I don't see any way out of it, unless some pennies drop as Ardern thinks about her legacy, and they surprise us.

    • Draco T Bastard 8.1


      The only way out of it that I see is the inevitable collapse of society brought about by capitalism.

      Going to kill a lot of people but it might alleviate climate change somewhat.

    • greywarshark 8.2

      As Sir Humphrey explains to PM Jim Hacker government's purpose is to enable government to continue.

  9. RedLogix 9

    Well a lot depends on whether you want to bend the upper K branch downward, or lift the lower one up.

  10. Draco T Bastard 10

    On the strength of that one announcement alone, global sharemarkets have gone upwardly nuts overnight, and look set to continue.

    Bludgers looking to bludge on the desperation of everyone else.

    So we can see the direction that this government is taking pretty clearly, and it is towards supporting business rather than workers, in the expectation that this will flow through to the economy generally.

    Based upon the very wrong assumption that its business that supports the community rather than the fact that its the community that supports business. If a business has no customers then it collapses and those customers are the community. The community cannot collapse except through stupid decisions by government or natural disasters.

    In terms of shifting our economy to something more productive, more sustainable, and more likely to generate higher salaries and better prospects, Government’s main policy moves are taking us in exactly the opposite direction of where we need to go.

    The government is moving in the way that capitalism demands that it move – to protect the capitalists. It will, inevitably, destroy the community as capitalism has always done.

  11. ken 11

    And kiss goodbye to all that cannabis tax money too.

  12. greywarshark 12

    In case Ad didn't explain:

    A Kshaped recovery occurs when, following a recession, different parts of the economy recover at different rates, times, or magnitudes. … This type of recovery is called Kshaped because the path of different parts of the economy when charted together may diverge, resembling the two arms of the Roman letter "K."Sep 30, 2020 K-Shaped Recovery Definition – Investopedia

    I haven't read much of the post because I suddenly thought of my conclusion that we have been moving in different directions for years. House prices are outside the inflation measure that applies to the rest of us. And seeing that Treasury and the Reserve Bank's main mission is to control inflation, that means that house prices can jump up to the moon and our spending power goes down when it comes to housing which we all need.

    So some financial PR thinking up a new jazzy name for some theory is just a crock of recycled rubbish.

  13. WeTheBleeple 13

    So much of the government's 'relief' is just paying off the mortgages of those who have property, then they in turn make money hand over fist doing nothing.

    Sure seems to be deepening the divide, while heating up the housing market.

    Two tiers of benefits.

    No CGT (Winston as scapegoat)

    No cannabis (Public as scapegoat)

    No idea?

    Where is the transformation?

    Where is the nuclear moment?

    Housing is the only game in town. Our movers and shakers are a tedious pack of pot bellied pretenders.

  14. left_forward 14

    global sharemarkets have gone upwardly nuts overnight, and look set to continue

    The premise of your OP seems to depend on your claim that the market went nuts – a little upward correction after weeks of significant decline – definitely no nuts!

  15. Ian 15

    The covid queen is talking marraige. It's all going fine folks. I notice that the Auckland council is down a bit in income. Apparently the Divi's from the airport and port are not what they used to be. Don't worry,Adrian will just print more money to fill the gap.

  16. Tricledrown 16

    Most of the rise in unemployment is from tourism and hospitality to say the wage subsidy and business loans are a waste of time have no factual basis small businesses employ 85% of NZers.I know many small businesses and most would have shut up shop by now if not for these initiatives ie the fruit and vege shop lost all his stock due to the shutdown they couldn't claim the wage subsidy but were able to claim the interest free loan to restock their shop and stay in business.

    NZ hasn't faced an economic shock of this magnitude since the great depression 1920-1936.

    The countries economic indicators are looking much better than any Bank economist or National ACT talk back host doomsayers.

    NZfirst had a big say in how benefit increases were handled still they were the biggest permanent increases in the OECD Australia gave much higher short term increases which are running out now.

    Grant Robertson has barely put his feet under the table let's see what they do with this massive majority before bagging them.

    But if they don't then I will be in the chorus giving them hell.

  17. Cricklewood 17

    Unless drastic action is taken this inequality is going to be locked on for generations.

    If you aren't in the housing market now you are fucked and so are your kids, my shitty townhouse has sky rocketed in so called value by 300k in the last 3-4 years, way more than my wages in the same time period. In the same complex rent is far greater than my mortgage payment. When the time comes i'll be able to leverage to help my daughter into a home. If i didnt have this I wouldnt have a hope in hell.

    As I see it Labour has a mandate to help the working classes, the under employed and the unemployed.

    If a majority Labour govt sits on hits hands supporting the land owning/business owning class this term i'm done with voting. Will prove its a complete waste of time.

  18. Maurice 18

    $100 BILLIONS dumped into the 'economy' … where else do we expect it to wash up but into the housing prices?

    • Tricledrown 18.1

      The number of building permits is at record levels so there is one positive out of the negatives of record high Rent and house prices. Housing supply is increasing at a rate to go beyond the demand for the first time in 20 years so if the number of house builds keeps up to this level eventually house supply will meet demand.Forcing prices down.The other positive is this level of house building will keep unemployment down.

Recent Comments

Recent Posts

  • Initial Mental Health and Wellbeing Commission report shows progress
    Health Minister Andrew Little welcomes the Initial Mental Health and Wellbeing Commission’s assessment that transformation of New Zealand’s approach to mental health and addiction is underway. “This is an important step in the Government’s work to provide better and equitable mental health and wellbeing outcomes for all people in New ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Over $300m returned to COVID-hit travellers
    The Government’s Consumer Travel Reimbursement Scheme has helped return over $352 million of refunds and credits to New Zealanders who had overseas travel cancelled due to COVID-19, Consumer Affairs Minister David Clark says. “Working with the travel sector, we are helping New Zealanders retrieve the money owed to them by ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Hundreds more schools join free lunches programme
    An additional 88,000 students in 322 schools and kura across the country have started the school year with a regular lunch on the menu, thanks to the Government’s Ka Ora, Ka Ako Healthy School Lunches programme. They join 42,000 students already receiving weekday lunches under the scheme, which launched last ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Govt’s balanced economic approach reflected in Crown accounts
    New Zealand’s economic recovery has again been reflected in the Government’s books, which are in better shape than expected. The Crown accounts for the seven months to the end of January 2021 were better than forecast in the Half Year Economic and Fiscal Update (HYEFU). The operating balance before gains ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Over half of border workforce receive first vaccinations
    More than half of New Zealand’s estimated 12,000 border workforce have now received their first vaccinations, as a third batch of vaccines arrive in the country, COVID-19 Response Minister Chris Hipkins says. As of midnight Tuesday, a total of 9,431 people had received their first doses. More than 70 percent ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Boost in funding to deliver jobs while restoring Central Otago’s lakes and waterways
    The Government is significantly increasing its investment in restoring Central Otago’s waterways while at the same time delivering jobs to the region hard-hit by the economic impact of Covid-19, says Land Information Minister, Damien O’Connor.   Mr O’Connor says two new community projects under the Jobs for Nature funding programme will ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Next stage of COVID-19 support for business and workers
    The Government has confirmed details of COVID-19 support for business and workers following the increased alert levels due to a resurgence of the virus over the weekend. Following two new community cases of COVID-19, Auckland moved to Alert Level 3 and the rest of New Zealand moved to Alert Level ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Govt committed to hosting Rugby World Cup
    The Government remains committed to hosting the Women’s Rugby World Cup in New Zealand in 2022 should a decision be made by World Rugby this weekend to postpone this year’s tournament. World Rugby is recommending the event be postponed until next year due to COVID-19, with a final decision to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Support Available for Communities affected by COVID-19
    Community and social service support providers have again swung into action to help people and families affected by the current COVID-19 alert levels. “The Government recognises that in many instances social service, community, iwi and Whānau Ora organisations are best placed to provide vital support to the communities impacted by ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Govt announces review into PHARMAC
    The Government is following through on an election promise to conduct an independent review into PHARMAC, Prime Minister Jacinda Ardern and Health Minister Andrew Little announced today. The Review will focus on two areas: How well PHARMAC performs against its current objectives and whether and how its performance against these ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Impressive response to DOC scholarship programme
    Some of the country’s most forward-thinking early-career conservationists are among recipients of a new scholarship aimed at supporting a new generation of biodiversity champions, Conservation Minister Kiri Allan says. The Department of Conservation (DOC) has awarded one-year postgraduate research scholarships of $15,000 to ten Masters students in the natural ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to ANZLF Virtual Indigenous Business Trade and Connections Event
    I acknowledge our whānau overseas, joining us from Te Whenua Moemoeā, and I wish to pay respects to their elders past, present, and emerging. Thank you for the opportunity to speak with you all today. I am very pleased to be part of the conversation on Indigenous business, and part ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Main benefits to increase in line with wages
    Social Development and Employment Minister Carmel Sepuloni announced today that main benefits will increase by 3.1 percent on 1 April, in line with the rise in the average wage. The Government announced changes to the annual adjustment of main benefits in Budget 2019, indexing main benefit increases to the average ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Deed of Settlement signed with Ngāti Maru (Taranaki)
    A Deed of Settlement has been signed between Ngāti Maru and the Crown settling the iwi’s historical Treaty of Waitangi claims, Minister for Treaty of Waitangi Negotiations Andrew Little announced today. The Ngāti Maru rohe is centred on the inland Waitara River valley, east to the Whanganui River and its ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Support in place for people connected to Auckland COVID-19 cases
    With a suite of Government income support packages available, Minister for Social Development and Employment Carmel Sepuloni is encouraging people, and businesses, connected to the recent Auckland COVID-19 cases to check the Work and Income website if they’ve been impacted by the need to self-isolate. “If you are required to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Statement on passing of former PNG PM Sir Michael Somare
    Prime Minister Jacinda Ardern has expressed her condolences at the passing of long-serving former Prime Minister of Papua New Guinea, Grand Chief Sir Michael Somare. “Our thoughts are with Lady Veronica Somare and family, Prime Minister James Marape and the people of Papua New Guinea during this time of great ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the National Māori Housing Conference 2021
    E te tī, e te tā  Tēnei te mihi maioha ki a koutou  Ki te whenua e takoto nei  Ki te rangi e tū iho nei  Ki a tātou e tau nei  Tēnā tātou.  It’s great to be with you today, along with some of the ministerial housing team; Hon Peeni Henare, the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Drone project to aid protection of Māui dolphin
    The Government is backing a new project to use drone technology to transform our understanding and protection of the Māui dolphin, Aotearoa’s most endangered dolphin.    “The project is just one part of the Government’s plan to save the Māui dolphin. We are committed to protecting this treasure,” Oceans and Fisheries ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New water regulator board announced as major Government reform moves forward
    Major water reform has taken a step closer with the appointment of the inaugural board of the Taumata Arowai water services regulator, Hon Nanaia Mahuta says. Former Director General of Health and respected public health specialist Dame Karen Poutasi will chair the inaugural board of Crown agency Taumata Arowai. “Dame ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • North Auckland gets public transport upgrade
    The newly completed Hibiscus Coast Bus Station will help people make better transport choices to help ease congestion and benefit the environment, Transport Minister Michael Wood and Auckland Mayor Phil Goff said today. Michael Wood and Phil Goff officially opened the Hibiscus Coast Bus Station which sits just off the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supporting work to protect Northland reserve
    New funding announced by Conservation Minister Kiri Allan today will provide work and help protect the unique values of Northland’s Te Ārai Nature Reserve for future generations. Te Ārai is culturally important to Te Aupōuri as the last resting place of the spirits before they depart to Te Rerenga Wairua. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Critical step to new housing deal for Pacific communities
      Today the Government has taken a key step to support Pacific people to becoming Community Housing providers, says the Minister for Pacific Peoples, Aupito William Sio. “This will be great news for Pacific communities with the decision to provide Pacific Financial Capability Grant funding and a tender process to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Consultation opens on proposed Bay of Islands marine mammal sanctuary
    Conservation Minister Kiri Allan is encouraging New Zealanders to have their say on a proposed marine mammal sanctuary to address the rapid decline of bottlenose dolphins in Te Pēwhairangi, the Bay of Islands. The proposal, developed jointly with Ngā Hapū o te Pēwhairangi, would protect all marine mammals of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Three District Court Judges appointed
    Attorney-General David Parker today announced the appointment of three new District Court Judges.    Two of the appointees will take up their roles on 1 April, replacing sitting Judges who have reached retirement age.     Kirsten Lummis, lawyer of Auckland has been appointed as a District Court Judge with jury jurisdiction to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government announces list of life-shortening conditions guaranteeing early KiwiSaver access
    Government announces list of life-shortening conditions guaranteeing early KiwiSaver access The Government changed the KiwiSaver rules in 2019 so people with life-shortening congenital conditions can withdraw their savings early The four conditions guaranteed early access are – down syndrome, cerebral palsy, Huntington’s disease and fetal alcohol spectrum disorder An alternative ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Reserve Bank to take account of housing in decision making
    The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into account government policy relating to more sustainable house prices, while working ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Investment to reduce cochlear implant waitlist
    The Labour Government will invest $6 million for 70 additional adult cochlear implants this year to significantly reduce the historical waitlist, Health Minister Andrew Little says. “Cochlear implants are life changing for kiwis who suffer from severe hearing loss. As well as improving an individual’s hearing, they open doors to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Māori wards Bill passes third reading
    The Local Electoral (Māori Wards and Māori Constituencies) Amendment Bill passed its third reading today and will become law, Minister of Local Government Hon Nanaia Mahuta says. “This is a significant step forward for Māori representation in local government. We know how important it is to have diversity around ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government delivers 1,000 more transitional housing places
    The Government has added 1,000 more transitional housing places as promised under the Aotearoa New Zealand Homelessness Action Plan (HAP), launched one year ago. Minister of Housing Megan Woods says the milestone supports the Government’s priority to ensure every New Zealander has warm, dry, secure housing. “Transitional housing provides people ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Second batch of Pfizer/BioNTech doses arrives safely – as the first vaccinations take place in the...
    A second batch of Pfizer/BioNTech vaccines arrived safely yesterday at Auckland International Airport, COVID-19 Response Minister Chris Hipkins says. “This shipment contained about 76,000 doses, and follows our first shipment of 60,000 doses that arrived last week. We expect further shipments of vaccine over the coming weeks,” Chris Hipkins said. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $18 million for creative spaces to make arts more accessible
    The Minister for Arts, Culture and Heritage Carmel Sepuloni has today announced $18 million to support creative spaces. Creative spaces are places in the community where people with mental health needs, disabled people, and those looking for social connection, are welcomed and supported to practice and participate in the arts ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Moriori Claims Settlement Bill passes first reading
    Treaty of Waitangi Negotiations Minister Andrew Little today welcomed Moriori to Parliament to witness the first reading of the Moriori Claims Settlement Bill. “This bill is the culmination of years of dedication and hard work from all the parties involved. “I am delighted to reach this significant milestone today,” Andrew ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government action reduces child poverty
    22,400 fewer children experiencing material hardship 45,400 fewer children in low income households on after-housing costs measure After-housing costs target achieved a year ahead of schedule Government action has seen child poverty reduce against all nine official measures compared to the baseline year, Prime Minister and Minister for Child Poverty ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Entries open for the 2021 Prime Minister’s Education Excellence Awards
    It’s time to recognise the outstanding work early learning services, kōhanga reo, schools and kura do to support children and young people to succeed, Minister of Education Chris Hipkins says. The 2021 Prime Minister’s Education Excellence Awards are now open through until April 16. “The past year has reminded us ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Jobs for Nature benefits three projects
    Three new Jobs for Nature projects will help nature thrive in the Bay of Plenty and keep local people in work says Conservation Minister Kiri Allan. “Up to 30 people will be employed in the projects, which are aimed at boosting local conservation efforts, enhancing some of the region’s most ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Improvements to the Holidays Act on the way
    The Government has accepted all of the Holidays Act Taskforce’s recommended changes, which will provide certainty to employers and help employees receive their leave entitlements, Workplace Relations and Safety Minister Michael Wood announced today. Michael Wood said the Government established the Holidays Act Taskforce to help address challenges with the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • NZ’s credit rating lifted as economy recovers
    The Government’s handling of the COVID-19 pandemic and faster than expected economic recovery has been acknowledged in today’s credit rating upgrade. Credit ratings agency Standard & Poor’s (S&P) today raised New Zealand’s local currency credit rating to AAA with a stable outlook. This follows Fitch reaffirming its AA+ rating last ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Speech to National Remembrance Service on the 10th anniversary of the Christchurch earthquake
    Tena koutou e nga Maata Waka Ngai Tuahuriri, Ngai Tahu whanui, Tena koutou. Nau mai whakatau mai ki tenei ra maumahara i te Ru Whenua Apiti hono tatai hono, Te hunga mate ki te hunga mate Apiti hono tatai hono, Te hunga ora ki te hunga ora Tena koutou, Tena ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government reaffirms urgent commitment to ban harmful conversion practices
    The Minister of Justice has reaffirmed the Government’s urgent commitment, as stated in its 2020 Election Manifesto, to ban conversion practices in New Zealand by this time next year. “The Government has work underway to develop policy which will bring legislation to Parliament by the middle of this year and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New creative service aims to benefit 1,000 peoples’ careers
    Minister for Arts, Culture and Heritage and Social Development Hon Carmel Sepuloni today launched a new Creative Careers Service, which is expected to support up to 1,000 creatives, across three regions over the next two years. The new service builds on the most successful aspects of the former Pathways to ...
    BeehiveBy beehive.govt.nz
    2 weeks ago