Imagine if National had not sold the shares in our companies 2015 version

Written By: - Date published: 8:08 am, August 30th, 2015 - 55 comments
Categories: capitalism, class war, national, national/act government, Privatisation, same old national - Tags:

emerson-privatisation

About 12 months ago I wrote this post on the loss of dividends that would otherwise have been paid to the Crown because of National’s privatisation activity.  I calculated the country had lost $360.7 million in dividends although there had been a saving in interest.  And the country had also missed out on $485 million in the increase of the value of the shares.

I did another back of the envelope calculation today based on the latest company announcements.  I am afraid that things are way worse.  It looks like we lost $471 million in dividends not to mention further capital gains in the value of the shares we sold.

My calculations may be wrong.  Back of the envelope calculations while watching Auckland v Canterbury even using Excel are not optimal.  And I have not tried to understand any changes in capital structure and what consequences they may have had.  But I think that the New Zealand nation has been royally rogered by the sale of the power company and Air New Zealand shares.

I repeated the calculations and the figures this year are worse.  Far worse …

The results are:

  • Meridian paid a total dividend of 18.23c a share compared to last year’s result of 13.01c per share.  If the shares had not been sold the dividends that would be paid to the Government would total $229 million this year not to mention $163.4 million last year.
  • Mighty River Power’s profit went down but it still paid a dividend of 19c a share.  Dividend loss to us, $128 million and last year $91.2 million.
  • Genesis Energy increased its dividend payout to 16c per share compared to last year’s payout of 13c per share.  Dividend loss to us last year was $61.9 million and this year is $78 million.
  • Air New Zealand had a bumper year and announced a total dividend of 16c per share.  The value of the shares National sold increased by $186 million and the dividend loss this year was $35 million.

My quick calculation is that since their sale the shares the Government sold have increased in value by $1.378 billion.  Over the past two years we have lost that in capital increase and $831.7 million in dividends.  We did receive $4.7 billion in sale proceeds although this is before the cost of selling the shares.

Overall in two years we have gained $4.7 billion less expenses but we have lost $1.4 billion in capital gains and $831.7 million in dividends.  That is $2.23 billion or nearly half of the sale amount.  And we were paying less than 5% interest on the debt the Crown claims to have retired.

To put it in perspective the amount lost in dividends alone could have paid for 17 flag referendums or built a sheep farm in a Saudi desert and bribed an influential member of Saudi society 41 times.

Each year barring some major change the comparison will get worse and worse.  If our leaders are the financial geniuses they profess to be they would have kept the shares.

55 comments on “Imagine if National had not sold the shares in our companies 2015 version ”

  1. save NZ 1

    The Natz are the worst financial managers ever! You couldn’t pay someone to be that bad – or maybe somebody has.

    The MSM should be caned in particular the herald for their electioneering and championing of such a financial debacle from the Natz.

    Like Natz coalition partners – the MSM propping up the Natz are losing market share too – you have to wonder what the pay off is.

  2. les 2

    to be fair selective hindsight like this proves little.It is small change compared to the gains the Cullen Fund would have made if it’s investment capital had not been trimmed by this govt.

    • Lanthanide 2.1

      Labour should have moved ownership of the SoEs into the Cullen Fund, to ensure the continued dividend stream would stay in NZ and prevent these vital assets from being sold overseas.

      • Draco T Bastard 2.1.1

        No. Labour should have set it up so that state assets couldn’t be sold.

        • Lanthanide 2.1.1.1

          Putting them into the Cullen Fund would have effectively done that. Anyone that tried to sell them would be over-riding the administration of the Cullen Fund, and come under attack for destroying the future of the pension system. Pretty good ‘third rail’ defence, there.

  3. Well lets hope some of those dividends went to Kiwi Savers …. yeah right )

  4. joe90 4

    Apologies to Matt Taibbi –

    It’s a great vampire squid the Nactional Party wrapped around the face of humanity the Nation , relentlessly jamming its blood funnel into anything that smells like money.

  5. Draco T Bastard 5

    Over the past two years we have lost that in capital increase and $831.7 million in dividends.

    Your back of the envelope calculations are slightly out: $871m in lost dividends. The cumulative loss of all dividends over the last few decades would massively over shadow any savings made but, hey, the rich got richer so it’s all good right?

    We always knew that selling off state assets would be bad for us. We knew it back in the 1980s as well but the governments of the last 30 years have been ruling for the rich and against the country.

  6. Red delusion 6

    Last time I looked the power companies are still there, all that has changed is who has residual claims to its profits and who takes the risk. It’s still paying salaries , generating power and economic activity, paying corporate and investor tax, including on capital gain, ( not available under the old model). The government still has the 4 billion. Beyond selective and simplistic back of a fag packet and short term analysis of above the aguement over privitisation vs government owned is pretty much settled empirically, by force of competition and of logic

    • mickysavage 6.1

      You are not very good at trolling are you. The “residual claims to its profits” in reality is a huge transfer of wealth to private interests. The Government still has the $4 billion but has lost over half of it already.

      How about you address the figures and say if they are wrong.

      • Reddelusion 6.1.1

        I don’t need to address figures, let say they are right. Still does not change my arguement. Your analysis is based on one year, so if the power companies loose money next year and there is is a capital loss, what then. The argument is really over privatisation vs government ownership. If the government had manage to sell solid energy for 3b 3 years ago, would you be championing the great wisdom of this sale based on your logic

        Why am I trolling if i don’t agree with you. The debate who should own a corporate, be it government, workers, capital, disperse or concentrated ownership, families etc is a reasonable debate and not trolling

        • dukeofurl 6.1.1.1

          The power companies arent high risk ventures that struggle and could lose the lot.
          Ask Warren Buffett about the merits of low risk well managed investments that are kept for the very long term. Public ownership can and does make sense, especially when we built it in the first place.
          When you see the absurd giveaway the power shares became, it was almost buy one get one free. It wasnt the actions of a prudent owner.

          • BM 6.1.1.1.1

            Labour did do its best at sabotaging the process, cost the country billions but hey who cares about that.

            • Draco T Bastard 6.1.1.1.1.1

              No, Labour tried to save the country billions. It was National and you RWNJs that has cost us billions by selling our assets against our wishes.

        • Ad 6.1.1.2

          Mickey Savage’s argument is about opportunity cost and Cabinet governance failure.

          As for your note about Solid Energy, all that shows is that this government cannot run a business because:

          – either they under-govern it and fail to act so it fails, as in Solid Energy,

          – or fail to step back from governing a good business through a commodity cycle as in Landcorp or Air New Zealand knowing that the huge upside is coming if the management is competent

          – or fail to keep full control of electricity utilities who hold the biggest license to print money since the invention of the Reserve Bank.

          Net result is loss of billions of dollars that could have been used on good public services, which benefit all of society, not the tiny few shareholders.

          On all three counts, this government taken taken my taxpayer dollars and burnt them, because they do not have the skill to run a business.

          • Draco T Bastard 6.1.1.2.1

            On all three counts, this government taken taken my taxpayer dollars and burnt them, because they do not have the skill to run a business.

            They possibly do have the skill to run a business but they’re not in government to run businesses but to hand public wealth over to private ownership.

            • Ad 6.1.1.2.1.1

              They have not demonstrated that skill.
              English in particular has guaranteed no more major asset sales this term.
              But Kiwibank, National Radio, and TVNZ etc fully on the block for after-election 2017.

              • Draco T Bastard

                But they have shown the skill needed to run down a business as an excuse to sell it off cheaply to the private sector.

              • Lanthanide

                “English in particular has guaranteed no more major asset sales this term.”

                So they proceed with ‘minor’ assets, like state housing instead.

              • maui

                Solid Energy & Kiwirail are looking pretty precarious though… Along with the continual trimming down of Government owned houses.

                • Ad

                  Solid Energy is no longer worth anything as a business. They will have a plant, equipment, and land fire sale, and just mothball all the mines.

                  Kiwirail, however, have enough land holdings in the major cities to keep themselves in cash for a little while. Not sure why anyone left or right would have any patience for them now – they’ve just fucked everything up in the last 5 years.

                  • weston

                    was there a time when rail hasnt been run by monkeys ?

                    • sirpat

                      it may have been RUN by monkeys but is kept going by a great bunch of staff who are committed to their work. ill informed comments like yours do not help……..if you want rail to do better then lets have some fairness in how transport is funded….for every km of rail we pay the FULL dollar price to keep it going……..road transport operators DO NOT…..keep slagging kiwirail off and you might get your wish, then we can listen to you bleat about the even more thousands of trucks on the road.

          • Reddelusion 6.1.1.2.2

            Government are useless at running business because of the quality of governance between real ownership and incentive of shareholder vs a thrice removed bureaucrat and government political meddling The history of state run companies world wide is littered with examples of huge inefficiencies, wastage and lack of innovation, hence the corporate model rather than the state is now the accepted model for industry and wealth creation. Every communist state barring North Korea, a couple of South American basket cases realise this. I am not necessary saying capital contributors need to own the firm, could be entrepreneurs, workers, Venture and human capital etc, just not government

            • mickysavage 6.1.1.2.2.1

              This Government is useless at running businesses for the reasons that AD just said.

              The history of private commerce is littered with examples of huge inefficiencies and greed and wastage and lack of appreciation for the common good.

              And you should not compare every progressive government to North Korea.

              • Reddelusion

                In the last 100 years the corporate model has created more wealth and innovation than the state ever could, Yes with some externalities ,distribution inequities etc I agree To argue otherwise is ridiculous. Ad just confirms my arguement why government can’t run business, left or right. The separation between ownership and control or risk and decision making coupled with political meddling simply doesn’t work

                • Draco T Bastard

                  In the last 100 years the corporate model has created more wealth and innovation than the state ever could

                  Considering that it was the governments that paid for it all – no it hasn’t.

                  The separation between ownership and control or risk and decision making coupled with political meddling simply doesn’t work

                  Doesn’t work in the corporate model either. If it did several thousands, if not millions, of bankers would now be begging for a living rather than getting million dollar salaries with million dollar bonuses. And I’m including the shareholders, the boards of directors and upper management in that. They all failed and yet they still have their jobs and are continue to do the same things.

                  We need a better model. Perhaps we should try democracy and remove money altogether.

                  • Reddelusion

                    Yeah right Draco China Russia had ago with state control. Did not go all that well. The problem with your argument is you assume your alternative reality would have done a better job, problem is it was tried and it failed miserably, including the death of millions. As per Churchill capitalism is not perfect but it’s better than anything else, including your mythical progressive government. The laws of economics, behavioural science, agency theory etc simply render your mystical ideology as redundant

                    • Draco T Bastard

                      China Russia had ago with state control. Did not go all that well.

                      Yeah, state capitalism sux just as much as Western Capitalism which is why I suggested democracy.

                      The problem with your argument is you assume your alternative reality would have done a better job, problem is it was tried and it failed miserably, including the death of millions.

                      Can you point to anywhere in history that economic distribution has been done by democracy?

                      The laws of economics, behavioural science, agency theory etc simply render your mystical ideology as redundant

                      There are no laws of economics but there are physical laws which present economic hypothesis actually claims to be able to defy in it’s drive for perpetual, exponential growth.

            • Keith 6.1.1.2.2.2

              “Government are useless at running business” Not all governments, just this one and its particularly bad at it, a bit like the economy!

        • mick 6.1.1.3

          so in another 4 years we would have lost more than we gained?

        • weston 6.1.1.4

          the locals ova on public addess do this chronicly say your trolling if you go against the narative i mean not so bad here

          [lprent: No but it pays to read the policy before getting too comfortable. Otherwise you will walk into a stupid behaviour trap and have a fast and humiliating exit.

          We like robust debate. We don’t care too much about what you say provided you are prepared to argue it and make clear what is opinion and what is fact. But unlike public address, the moderators (especially me) also like very robust ‘moderation’ and do not tend towards middle class kindness.

          Personally I like trolls to remember the very LARGE red dimple from my caustic full footed release all the way into their wee egos. I find this to helps inspire them to more caution later in their online life.

          This is your friendly caution. ]

    • Draco T Bastard 6.2

      Last time I looked the power companies are still there, all that has changed is who has residual claims to its profits and who takes the risk.

      Nope. The only thing that’s changed is the people who are getting money for doing absolutely nothing – ie, bludging. We’re still taking the risks as the government can’t actually allow the power companies to fail so when they do, which they will as the new private owners will drive them into the ground through not doing enough maintenance, the government will have to step in to fix things and the bludging shareholders will probably make a killing out of that as well. Same as Telecom failed to put in FttH forcing the government to step in and do it in fact.

      The government still has the 4 billion.

      No it doesn’t as it’s already paid more than that in interest on money it didn’t need to borrow.

  7. ianmac 7

    I hope the MSM picks up on this Micky. It seems to be a disaster for the taxpayer and an indictment on Government financial management!
    Surely Paddy will froth at this?

    • maui 7.1

      Tonight paddy was more interested in telling everyone how Kelvin Davis was at a charter school fundraiser when Labour are against charter schools. I noticed he wasn’t as exhuberant as usual, but still managed to destroy Labour’s credibility for the week.

  8. AmaKiwi 8

    “Labour MPs are to blame.”

    Yes because Labour has never tried to change our archaic system of governance in which the party that controls parliament is sovereign (i.e. our dictator).

    To change the system there must be a way the people can override parliament. NZ First and the Conservatives proposed binding citizen initiated referendums. Labour leaders won’t have a bar of it.

    We’re f*cked because parliament refuses to give up any power. Labour MPs are just waiting for their turn to play dictator for 3, 6, or 9 years.

    • dukeofurl 8.1

      Your argument is self defeating.

      • AmaKiwi 8.1.1

        dukeofurl –

        You can’t grasp the concept that dictatorships are dangerous? In this case:

        1. the dictators violated their obligation to represent the people, who voted “No” in a referendum and
        2. the dictator’s actions turned out to be an economic fiasco and
        3. Labour MPs have never proposed any limits on our form of dictatorial governance because they want to someday again be our dictators. Therefore they are part of the problem, not part of the solution.

        Have another coffee and wake up or go back to bed and stop posting nonsensical one liners.

    • DoublePlusGood 8.2

      We can’t have binding citizen initiated referenda. To see why, you only need to look at the stupidity of the last one, where they asked a poorly worded question to try an effect a change that couldn’t be made.
      And what do you do when a referenda passes on a motion that directly violates human rights? Oppresses a minority? Yeah, that’s the reason why they aren’t made binding.
      If you want to punish a political party for ignoring public opinion, do so in a general election, not via referendum.

      • AmaKiwi 8.2.1

        DoublePlusGood

        To date, 2015 Swiss binding referendum questions:

        tax benefit for families with children
        tax on non-renewable energy
        gene technology
        university scholarships
        inheritance tax
        television & radio regulations

        2014 Swiss binding referendum questions:

        abortion
        immigration
        federal railway financing
        army weapons purchases
        minimum wage
        primary health care
        restrictions on pedophiles
        health insurance
        the country’s gold reserves
        immigration
        flat tax (for more see Wikipedia: Swiss Referendums)

        I trust YOU and the other 3 million NZ voters to make BETTER decisions than I trust politicians.

        P.S. The Swiss have a non-partisan body to vet questions so the problems you mention do not arise.

        HOWEVER, politicians are the extremists, trying to re-design the country to their whims. My neighbors and I are the moderates who want to make modest changes to improve life, not to sell off everything, not make secret deals, and not harass whistle blowers, nor suck up to the USA.

      • Draco T Bastard 8.2.2

        To see why, you only need to look at the stupidity of the last one, where they asked a poorly worded question to try an effect a change that couldn’t be made.

        Which one was that one?

        And what do you do when a referenda passes on a motion that directly violates human rights? Oppresses a minority? Yeah, that’s the reason why they aren’t made binding.

        You may not have noticed but the government passes laws that violates regularly that why you have it so that the human rights are set first and have it so that laws can’t override them.

        And, yes, you even set the human rights via referendum.

        If you want to punish a political party for ignoring public opinion, do so in a general election, not via referendum.

        That, as we’ve seen, doesn’t work.

        • AmaKiwi 8.2.2.1

          DoublePlusGood

          Question. How do we “punish” MPs when they lie to us?

          Neither you nor I could survive in our job, our career, our marriage, nor our friendships if we lied, concealed facts, negotiated a binding contract in secrecy (TPPA), refused to answer direct questions, sought bribes which we concealed as anonymous “campaign donations,” and so forth. MPs do it so routinely it’s not even published as newsworthy! MPs live by a code of corruption which would be intolerable (and often illegal) for the rest of us.

          “At the end of the day I’m comfortable with it.”
          “I have no recollection of that.”
          “Labor does it, too.” “Actually, it’s all Labour’s fault.”

  9. Macro 9

    Actually the Nats are damn good at managing the transfer of wealth from those with little to those with plenty.
    So the country is going to be worse off in the long run?
    Uncle John’s comfortable with that! He is comfortable with this, because he doesn’t really care about this country, he only cares about his mates, and if his mates are better off – well then – that’s all that matters.

  10. Tricledrown 10

    Nateconomics = corporate wefare!
    =more long-term debt for taxpayers.

  11. Treetop 11

    This is what happens when you sell (partly or otherwise) a money making asset, it can only be sold once. Nothing learned by the government, next is state housing.

  12. maui 12

    As Stuart said on here the other day, if we replace Bill English with a rubber chicken New Zealand would be in a lot safer hands. That’s not even a joke either.

    Thanks for the insightful analysis Micky as always.

  13. Keith 13

    Speaking of energy I read on the Australian Financial Review that US shale oil production and efficiencies this industry has quickly made has raised the prospect that “If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade” and “The contract price of US crude oil for delivery in December 2020 is currently $US62.05, implying a drastic change in the economic landscape for the Middle East and the petro-rentier states”.

    National have put a lot of stock into discovering oil and getting rich quick as a result, maybe to cover all the debt they’ve clocked up in their rat like brains of short term thinking. But oil hasn’t been found yet or at least not in any reliable cheap to access place and so it has become yet another misfire policy along with mining everything anywhere and a total reliance on dairy. I guess it will be back to selling NZ off to the highest bidder!

  14. Smilin 14

    I dont know but arent you suppose to balance the books to stay in business ?
    Or is that to real these days

    • lprent 14.1

      You’d sell capital that you are making a large profit on to cover a operational debt that you are paying lower amount of interest on? In less than 5 years if we didn’t sell these assets we’d have made in dividends more than was raised. Do you have a religious objection to making a profit as a country?

      Ummm. I guess you are the foolish type of book keeper who only looks at the religious book of how to be a borrower. Actually looking at who you are, it is more likely you worship at the ass of Act.

      FFS: We need a better and smarter quality of troll. Have the gates of kiwiblog burst and let these simpletons upon us.

  15. sirpat 15

    ” You’d sell capital that you are making a large profit on to cover a operational debt that you are paying lower amount of interest on? In less than 5 years if we didn’t sell these assets we’d have made in dividends more than was raised. Do you have a religious objection to making a profit as a country? “………….soooo bloody true…but yet selling these assets did not seem to raise the ire of the nation…..nor does 100bn of debt……….are they dosing the water supply or something to make us all compliant numpties?

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    This is a guest post by Shaun Baker on the importance of filling the gaps in our cycling networks. It originally appeared on his blog Multimodal Adventures, and is re-posted here with kind permission. In our towns and cities in Aotearoa New Zealand, there are areas in our cycling networks ...
    Greater AucklandBy Guest Post
    2 days ago
  • Webworm Down Under Photos!
    Hi,I wanted to share a few thoughts and photos from the Webworm popup and Tickled screening we held in Auckland, New Zealand last weekend.In short — it was a blast. I mean, I had a blast and I hope any of you that came also had a blast.An old friend ...
    David FarrierBy David Farrier
    2 days ago
  • The Kākā’s Pick 'n' Mix for Thursday, July 18
    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 6:30 am on Thursday, July 18 are:News: Christchurch's sewer systems block further housing developments RNZ’s Niva ChittockAnalysis: Interislander: Treasury, MoT officials' mistrust of KiwiRail led ...
    The KakaBy Bernard Hickey
    2 days ago
  • The Kākā’s Journal of Record for Thursday, July 18
    TL;DR: As of 6:00 am on Thursday, July 18, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Verbatim: Climate Change Minister Simon Watts held a news conference in Auckland to release the Government’s Emissions Reduction Plan, including ...
    The KakaBy Bernard Hickey
    2 days ago
  • The politics of managed retreat
    Climate change deniers are now challenging the Government over a key climate change adaptation policy. That begs the question of whether New Zealand First will then support Government moves to implement processes to deal with a managed retreat for properties in danger of flooding because of sea level rise and ...
    PolitikBy Richard Harman
    2 days ago
  • Some changes are coming
    Warm welcome again to those who are here. The Mountain Tui substack was officially started on the 2nd of July. I wrote about what led me here on this post. Since then, it’s been a learning to navigate the platform, get to meet those in the community, and basically be ...
    Mountain TuiBy Mountain Tui
    3 days ago
  • About fucking time
    The US Supreme Court has been rogue for years, with openly corrupt judges making the law up as they go to suit themselves, their billionaire buyers, and the Republican Party. But now, in the wake of them granting a licence for tyranny, President Biden is actually going to try and ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Climate Change: False accounting and wishful thinking
    National released their draft 2026-2030 Emissions Reduction Plan today. The plan is required under the Zero Carbon Act, and must set out policies and strategies to meet the relevant emissions budget. Having cancelled all Labour's actually effective climate change policies and crashed the carbon price, National was always going to ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • The Enemies Of Sunshine And Space.
    Our Houses? The Urban Density debate is a horrible combination of intergenerational avarice and envy, fuelled by the grim certainty that none of the generations coming up after them will ever have it as good as the Boomers. To say that this situation rankles among those born after 1965 is to ...
    3 days ago
  • Still the 5 Eyes Achilles Heel?
    The National Cyber Security Centre (NZSC), a unit in the Government Communications Security Bureau (GCSB) dedicated to cyber-security, has released a Review of its response to the 2021 email hacking of NZ members of the Inter-Parliamentary Alliance on China (IPAC, … Continue reading ...
    KiwipoliticoBy Pablo
    3 days ago
  • Britain's Devastating Electoral Slip.
    Slip-Sliding Away: Labour may now enjoy a dominant position in Britain’s political landscape, but only by virtue of not being swallowed by it.THE BRITISH LABOUR PARTY’S “landslide victory” is nothing of the sort. As most people understand the term, a landslide election victory is one in which the incumbent government, or ...
    3 days ago
  • Gordon Campbell on why right wingers think all governments (including their own) are incompetent
    Since open denial of climate change is no longer a viable political option, denial now comes in disguise. The release this week of the coalition government’s ‘draft emissions reductions plan” shows that the Luxon government is refusing to see the need to cut emissions at source. Instead, it proposes to ...
    WerewolfBy lyndon
    3 days ago
  • The Kākā's Chorus for Wednesday, July 17
    TL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy this morning are:Chris Penk is set to roll back building standards for insulation that had only just been put in place, and which had been estimated to save 40% from power costs, after builders ...
    The KakaBy Bernard Hickey
    3 days ago
  • Open Letter to Pharmac
    All this talk of getting oldIt's getting me down, my loveLike a cat in a bag, waiting to drownThis time I'm coming downAnd I hope you're thinking of meAs you lay down on your sideNow the drugs don't workThey just make you worse but I know I'll see your face ...
    Nick’s KōreroBy Nick Rockel
    3 days ago
  • A blanket of misinformation
    Two old sayings have been on my mind lately. The first is: “The pen is mightier than the sword”, describing the power of language and communication to help or to harm. The other, which captures the speed with which falsehoods can become ingrained and hard to undo, is: “A lie can ...
    Greater AucklandBy Connor Sharp
    3 days ago
  • The Kākā’s Pick 'n' Mix for Wednesday, July 17
    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day to 7:00 am on Wednesday, July 17 are:Scoop: Government considers rolling back home insulation standards RNZ’s Eloise GibsonNews: Government plans tree-planting frenzy as report shows NZ no longer ...
    The KakaBy Bernard Hickey
    3 days ago
  • The Kākā’s Journal of Record for Wednesday, July 17
    TL;DR: As of 6:00 am on Wednesday, July 17 , the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day were:Simon Watts released the Government’s draft Emissions Reduction Plan (ERP), which included proposed changes to the Emissions Trading Scheme ...
    The KakaBy Bernard Hickey
    3 days ago
  • “Shhhh” – National's 3 Waters is loaded with higher costs and lays a path to ...
    This is a long, possibly technical, but very, very important read. I encourage you to take the time and spread your awareness.IntroductionIn 2022, then Labour Party Prime Minister Jacinda Adern expended significant political capital to protect New Zealand’s water assets from privatisation. She lost that battle, and Labour and the ...
    Mountain TuiBy Mountain Tui
    3 days ago
  • Plugging a video channel: Dr Gilbz
    Dr. Ella Gilbert is a climate scientist and presenter with a PhD in Antarctic climate change, working at the British Antarctic Survey (BAS). Her background is in atmospheric sciences and she's especially interested in the physical mechanisms of climate change, clouds, and almost anything polar. She is passionate about communicating climate ...
    4 days ago
  • Some “scrutiny” again
    Back in 2022, in its Open Government Partnership National Action Plan, the government promised to strengthen scrutiny of Official Information Act exemption clauses in legislation. Since then they've run a secret "consultation" on how to do that, with their preferred outcome being that agencies will consult the Ministry of Justice ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Crashing New Zealand's health system is not the way to prosperity, Prime Minister
    Another day, and yet another piece of bad news for New Zealand’s health system. Reports have come out that General Practitioners (GP) may have to close doors, or increase patient fees to survive. The so-called ‘capitation’ funding review, which supports GP practices to survive, is under way, and primary care ...
    Mountain TuiBy Mountain Tui
    4 days ago
  • Closer Than You Think: Ageing Boomers, Laurie & Les, Talk Politics.
    Redefining Our Terms: “When an angry majority is demanding change, defending the status-quo is an extremist position.”“WHAT’S THIS?”, asked Laurie, eyeing suspiciously the two glasses of red wine deposited in front of him.“A nice drop of red. I thought you’d be keen to celebrate the French Far-Right’s victory with the ...
    4 days ago
  • Come on Darleen.
    Good morning all, time for a return to things domestic. After elections in the UK and France, Luxon gatecrashing Nato, and the attempted shooting of Trump, it’s probably about time we re-focus on local politics.Unless of course you’re Christopher Luxon and you’re so exhausted from all your schmoozing in Washington ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • How the Northwest was lost and may be won
    This is a guest post by Darren Davis. It originally appeared on his excellent blog, Adventures in Transitland, which we encourage you to check out. It is shared by kind permission. The Northwest has always been Auckland’s public transport Cinderella, rarely invited to the public funding ball. How did ...
    Greater AucklandBy Guest Post
    4 days ago
  • The Kākā's Chorus for Tuesday July 16
    Luxon has told a Financial Times’ correspondent he would openly call out China’s spying in future and does not fear economic retaliation from Aotearoa’s largest trading partner.File Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy on Tuesday, ...
    The KakaBy Bernard Hickey
    4 days ago
  • The Kākā’s Pick 'n' Mix for Tuesday, July 16
    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 6:00 am on Tuesday, July 16 are:PM Christopher Luxon has given a very hawkish interview to the Financial Times-$$$ correspondent in Washington, Demetri Sevastopulu, saying ...
    The KakaBy Bernard Hickey
    4 days ago
  • The Kākā’s Journal of Record for Tuesday, July 16
    Photo by Ryunosuke Kikuno on UnsplashTL;DR: The top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day to 6:00 am are:BNZ released its Performance of Services Index for June, finding that services sector is at its lowest level of activity ...
    The KakaBy Bernard Hickey
    4 days ago
  • The second crisis; assumption was the mother
    Late on the night of July 16, 1984, while four National Cabinet Ministers were meeting in the Beehive office of Deputy Prime Minister Jim McLay, plotting the ultimate downfall of outgoing Prime Minister Sir Robert Muldoon, another crisis was building up in another part of the capital. The United States ...
    PolitikBy Richard Harman
    4 days ago
  • Can we air condition our way out of extreme heat?
    This is a re-post from The Climate Brink by Andrew Dessler Air conditioning was initially a symbol of comfort and wealth, enjoyed by the wealthy in theaters and upscale homes. Over time, as technology advanced and costs decreased, air conditioning became more accessible to the general public. With global warming, though, ...
    5 days ago
  • Review: The Zimiamvian Trilogy, by E.R. Eddison (1935-1958)
    I have reviewed some fairly obscure stuff on this blog. Nineteenth century New Zealand speculative fiction. Forgotten Tolkien adaptations. George MacDonald and William Morris. Last month I took a look at The Worm Ouroboros (1922), by E.R. Eddison, which while not strictly obscure, is also not overly inviting to many ...
    5 days ago
  • Media Link: AVFA on the Trump assassination attempt.
    In this episode of “A View from Afar” Selwyn Manning and I discuss the attempt on Donald Trump’s life and its implications for the US elections. The political darkness grows. ...
    KiwipoliticoBy Pablo
    5 days ago
  • Law & Order: National Party 1, Police 0, Public -1
    What happened?Media is reporting that police have lost in their pay dispute with the Coalition Government.Some of you might remember that the police rejected Labour’s previous offer in September, 2023, possibly looking forward to be taken care of by the self-touted ‘Party of Law and Order’ - National.If you look ...
    Mountain TuiBy Mountain Tui
    5 days ago
  • Gordon Campbell on the Trump shooting and a potential hike in fees for visiting the doctor
    Having watched Donald Trump systematically exploit social grievances, urge people not to accept his election loss and incite his followers to violent insurrection… it is a bit hard to swallow the media descriptions over the past 24 hours of Trump being a “victim” of violence. More like a case of ...
    WerewolfBy lyndon
    5 days ago
  • The Kākā's Chorus for Monday July 15
    The exploitation of workers on the national fibre broadband rollout highlights once again the dark underbelly of our ‘churn and burn’ economy. Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:An extraordinary Steve Kilgallon investigation into ...
    The KakaBy Bernard Hickey
    5 days ago
  • The Kākā’s Pick 'n' Mix for Monday, July 15
    Photo by Jessica Loaiza on UnsplashTL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last three days to 9:00 am on Monday, July 15 are:Investigation: Immigration NZ refused to prosecute an alleged exploiter despite a mountain of evidence - ...
    The KakaBy Bernard Hickey
    5 days ago
  • City Centre Rebuild: How Soon Is Now?
    Patrick Reynolds is deputy chair of the City Centre Advisory Panel and a director of Greater Auckland There is ongoing angst about construction disruption in the city centre. And fair enough: it’s very tough, CRL and other construction has been going on for a very long time. Like the pandemic, ...
    Greater AucklandBy Patrick Reynolds
    5 days ago
  • Peril, dismay, resolution
    This afternoon we rolled into Budapest to bring to a close our ride across Europe. We did 144 km yesterday, severe heat messages coming in from the weather app as we bounced along unformed Hungarian back roads and a road strip strewn with fallen trees from an overnight tornado. Somewhere ...
    More Than A FeildingBy David Slack
    5 days ago
  • Bullet the Blue Sky
    In the locust windComes a rattle and humJacob wrestled the angelAnd the angel was overcomeYou plant a demon seedYou raise a flower of fireWe see them burnin' crossesSee the flames, higher and higherBullet the blue skyBullet the blue skyThe indelible images, the soundtrack of America. Guns, assassinations, where-were-you-when moments attached ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • The Kākā’s Journal of Record for Monday, July 15
    TL;DR: The top six announcements, rulings, reports, surveys, statistics and research around housing, climate and poverty in Aotearoa’s political economy in the three days to 6:00 am on Monday, July 23 are:University of Auckland researcher Ryan Greenaway-McGrevy published an analysis of the impact of Auckland's 2016 zoning reforms.BNZ's latest Performance ...
    The KakaBy Bernard Hickey
    5 days ago
  • The Kākā’s diary for the week to July 23 and beyond
    TL;DR: The six key events to watch in Aotearoa-NZ’s political economy in the week to July 23 include:PM Christopher Luxon has returned from a trip to the United States and may hold a post-Cabinet news conference at 4:00 pm today.The BusinessNZ-BNZ PSI survey results for June will be released this ...
    The KakaBy Bernard Hickey
    5 days ago
  • Was The Assassination Attempt Fake?
    Hi,It’s in incredible photo, and we’re going to be talking about it for a long time:Trump, triumphantly raising his hand in the air after being shot. Photo credit: Evan VucciYou can watch what happened on YouTube in real time, as a 20-year-old from Pennsylvania lets off a series of gunshots ...
    David FarrierBy David Farrier
    5 days ago
  • 40 years ago, inside the crisis that made modern NZ
    It had rained all day in Auckland, and the Metro Theatre in Mangere was steamed up inside as more and more people arrived to celebrate what had once seemed impossible. Sir Robert Muldoon had lost the 1984 election. “Piggy” Muldoon was no more. Such was the desire to get rid ...
    PolitikBy Richard Harman
    5 days ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #28
    A listing of 34 news and opinion articles we found interesting and shared on social media during the past week: Sun, July 7, 2024 thru Sat, July 13, 2024. Story of the week It's still early summer in the Northern Hemisphere. The season comes as our first year of 1.5°C warming ...
    6 days ago
  • Unsurprising, but Trump shooting creates opportunity for a surprising response
    I can’t say I’m shocked. As the US news networks offer rolling coverage dissecting the detail of today’s shooting at a Donald Trump rally in Butler, Pennsylvania, and we hear eye-witnesses trying to make sense of their trauma, the most common word being used is shock. And shocking it is. ...
    PunditBy Tim Watkin
    6 days ago
  • Escalation in the States as Trump is shot and his allies capitalize on the moment
    Snapshot summary of the shooting in the States belowAnd a time to remember what Abraham Lincoln once said of the United States of America:We find ourselves in the peaceful possession of the fairest portion of the earth, as regards extent of territory, fertility of soil, and salubrity of climate. We ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • Bernie Sanders: Joe Biden for President
    I will do all that I can to see that President Biden is re-elected. Why? Despite my disagreements with him on particular issues, he has been the most effective president in the modern history of our country and is the strongest candidate to defeat Donald Trump — a demagogue and ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • Questions from God
    Have you invited God into your online life? Do you have answers for his questions? Did I just assume God’s pronouns?Before this goes any further, or gets too blasphemous, a word of explanation. When I say “God”, I don’t meant your god(s), if you have one/them. The God I speak ...
    Nick’s KōreroBy Nick Rockel
    6 days ago
  • The politics of money and influence
    Did you know: Four days ago, the CEO of Warner Bros Discovery (WBD), David Zaslav, opined that he didn’t really care who won the US Presidential election, so long as they were M&A and business friendly. Please share my Substack so I can continue my work. Thank you and happy ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • Auckland & Transport Minister Simeon Brown's insanity
    Excuse me, but I just don’t feel like being polite today. What is going on with Simeon Brown? I mean, really? After spending valuable Ministerial time, focus, and government resources to overturn tailored speed limits in school and high fatality zones that *checks notes* reduces the risk of deaths and ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • Were scientists caught falsifying data in the hacked emails incident dubbed 'climategate'?
    Skeptical Science is partnering with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. This fact brief was written by John Mason in collaboration with members from the Gigafact team. You can submit claims you think need checking via the tipline. Were scientists caught falsifying data in the ...
    7 days ago
  • What Happened to David D'Amato's Millions?
    Today’s podcast episode is for paying Webworm members — and is a conversation seven years in the making. Let me explain.Hi,As I hit “send” on this newsletter, I’m about to play my 2016 documentary Tickled to a theatre full of about 400 Webworm readers in Auckland, New Zealand.And with Tickled ...
    David FarrierBy David Farrier
    7 days ago
  • Voting as a multi-order process of choice.
    Recent elections around the world got me to thinking about voting. At a broad level, voting involves processes and choices. Embedded in both are the logics that go into “sincere” versus “tactical” voting. “Sincere” voting is usually a matter of preferred … Continue reading ...
    KiwipoliticoBy Pablo
    7 days ago
  • Women in Space.
    Count downThree twoI wonderIf I'll ever see you againI'm 'bout to take offI'm leaving youBut maybeI'll see you around somewhere some placeI just need some spaceA brief reminder that if you’re a Gold Card holder you can subscribe to Nick’s Kōrero for 20% off. You’re also welcome to use this ...
    Nick’s KōreroBy Nick Rockel
    7 days ago
  • Bernard’s Saturday Soliloquy for the week to July 13
    Auckland waterfront, July. Photo: Lynn Grieveson / The KākāTL;DR: My top six things to note around housing, climate and poverty in Aotearoa’s political economy in the week to July 13 are:The National-ACT-NZ First Coalition Government watered down vehicle emissions standards this week, compounding the climate emissions damage from an increasingly ...
    The KakaBy Bernard Hickey
    7 days ago
  • Dems need to ask the right question about Biden as his age now defines the campaign
    Midway through the news conference that many American political commentators had built up as critical to Joe Biden’s re-election chances, the US president said European leaders are not asking him not to run for a second term, “they’re saying you gotta win”.The problem for Biden and his advisors is that ...
    PunditBy Tim Watkin
    7 days ago

  • Update on global IT outage
    Acting Prime Minister David Seymour has been in contact throughout the evening with senior officials who have coordinated a whole of government response to the global IT outage and can provide an update. The Department of the Prime Minister and Cabinet has designated the National Emergency Management Agency as the ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • New Zealand, Japan renew Pacific partnership
    New Zealand and Japan will continue to step up their shared engagement with the Pacific, Foreign Minister Winston Peters says.    “New Zealand and Japan have a strong, shared interest in a free, open and stable Pacific Islands region,” Mr Peters says.    “We are pleased to be finding more ways ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • New infrastructure energises BOP forestry towns
    New developments in the heart of North Island forestry country will reinvigorate their communities and boost economic development, Regional Development Minister Shane Jones says. Mr Jones visited Kaingaroa and Kawerau in Bay of Plenty today to open a landmark community centre in the former and a new connecting road in ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • 'Pacific Futures'
    President Adeang, fellow Ministers, honourable Diet Member Horii, Ambassadors, distinguished guests.    Minasama, konnichiwa, and good afternoon, everyone.    Distinguished guests, it’s a pleasure to be here with you today to talk about New Zealand’s foreign policy reset, the reasons for it, the values that underpin it, and how it ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Delivering 24 hour pothole repairs
    Kiwis and freight operators will benefit from the Coalition Government delivering on its commitment to introduce targets that will ensure a greater number of potholes on our state highways are identified and fixed within 24 hours, Transport Minister Simeon Brown says.  “Increasing productivity to help rebuild our economy is a key ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Peer Support Specialists rolled out in hospitals
    Five hospitals have been selected to trial a new mental health and addiction peer support service in their emergency departments as part of the Government’s commitment to increase access to mental health and addiction support for New Zealanders, says Mental Health Minister Matt Doocey.  “Peer Support Specialists in EDs will ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Consultation opens for the Emissions Reduction Plan
    The Government’s draft Emissions Reduction Plan shows we can stay within the limits of the first two emissions budgets while growing the economy, Climate Change Minister Simon Watts says. “This draft Emissions Reduction Plan shows that with effective climate change policies we can both grow the economy and deliver our ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Benefit stats highlight need for welfare reset
    The coalition Government is providing extra support for job seekers to ensure as many Kiwis as possible are in work or preparing for work, Social Development and Employment Minister Louise Upston says. “While today’s quarterly data showing a rise in the number of people on Jobseeker benefits has been long ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • School attendance continues to increase
    Provisional school attendance data for Term 2 2024 released today has shown more students are back in class compared to last year, with 53.1 per cent of students regularly attending, compared with 47 per cent in Term 2 2023, Associate Education Minister David Seymour says. “The Government has prioritised student ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • $22.7m of West Coast resilience projects underway
    Transport Minister Simeon Brown has welcomed news of progress being made by the NZ Transport Agency (NZTA) on the first of several crucial resilience projects underway on the South Island’s West Coast.“State highways across the West Coast are critical lifelines for communities throughout the region, including for freight and tourism. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Migrant school leavers to get part-time work rights
    The coalition Government is providing migrant school leavers with greater opportunities, by increasing access to part-time work rights for those awaiting the outcome of a family residence application, Immigration Minister Erica Stanford has announced.  “Many young people who are part of a family residence application process are unable to work. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Funding to support use of NZ Sign Language
    Seven projects have received government funding totalling nearly $250,000 to maintain and promote the use of New Zealand Sign Language (NZSL). Initiatives that received an NZSL Board Community Grants this year include camps that support the use of NZSL through physical and sensory activities, and clubs where Deaf people and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Inflation data shows progress in economic recovery
    Today’s Consumer Price Index data which has inflation at 3.3 per cent for the year to July 2024, shows we are turning our economy around and winning the fight against rampant inflation, Finance Minister Nicola Willis says.  “While today’s data will be welcome news for Kiwis, I know many New ...
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    3 days ago
  • Experts to advise Minister on Oranga Tamariki
    The Oranga Tamariki Ministerial Advisory Board has been re-established by the Minister for Children, Karen Chhour. “I look forward to working with the new board to continue to ensure Oranga Tamariki and the care and protection system, are entirely child centric,” Minister Chhour says. “The board will provide independent advice ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Expectations set for improved medicines access
    Associate Health Minister David Seymour says he has set clear expectations for Pharmac around delivering the medicines and medical technology that Kiwis need.  “For many New Zealanders, funding for pharmaceuticals is life or death, or the difference between a life of pain and suffering or living freely. New cancer medicines ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Regional Development Minister to host summits
    Regional Development Minister Shane Jones will hold a series of nationwide summits to discuss regional priorities, aspirations and opportunities, with the first kicking off in Nelson on August 12. The 15 summits will facilitate conversations about progressing regional economic growth and opportunities to drive productivity, prosperity and resilience through the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government delivers new school for Rolleston
    The Coalition Government is addressing growing demands on Canterbury’s school network, by delivering a new primary school in Rolleston, Education Minister Erica Stanford says. Within Budget 24’s $400 million investment into school property growth, construction will begin on a new primary school (years 1-8) in Selwyn, Canterbury.  Rolleston South Primary ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New speed camera signs to improve safety
    The Government is welcoming the rollout of new speed camera signs for fixed speed cameras to encourage drivers to check their speeds, improving road safety and avoiding costly speeding tickets, Transport Minister Simeon Brown says. “Providing Kiwis with an opportunity to check their speed and slow down in high crash areas ...
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    4 days ago
  • NZ, Korea strengthen relationship
    New Zealand and the Republic of Korea continue to strengthen their relationship, Foreign Minister Winston Peters says.   “New Zealand and Korea have a long history – from New Zealand soldiers fighting in the Korean War, through to our strong cooperation today as partners supporting the international rules-based order.    ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Investing for future growth in tourism and hospitality
    The Government is moving forward with recommendations from the Tourism Data Leadership Group, beginning with establishing a Tourism Data Partnership Fund says Tourism and Hospitality Minister Matt Doocey. “The Tourism Data Partnership Fund is funded through the International Visitor Conservation and Tourism Levy (IVL) and will provide up to $400,000 ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • 4000 more job seekers to get case managers
    A new over-the-phone employment case management service will see thousands more job seekers under the age of 25 supported to find work, Social Development and Employment Minister Louise Upston has announced. “MSD case managers provide valuable support to help people into work, but less than a third of those receiving ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Trade Minister to attend G7 meeting in Italy
    Trade Minister Todd McClay will attend the Group of Seven (G7) Trade Ministers meeting in Reggio Calabria, Italy next week. This is the first time New Zealand has been invited to join the event, which will be attended by some of the world’s largest economies and many of New Zealand’s ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Ministers reveal consequences for unruly Kāinga Ora tenants
    Ministers are pleased to see Kāinga Ora taking a stronger approach to managing unruly, threatening or abusive tenants, Housing Minister Chris Bishop and Associate Housing Minister Tama Potaka say.    “For far too long, a small number of Kāinga Ora tenants have ridden roughshod over their neighbours because, under Kāinga ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Prime Minister wraps up US visit in California
    Prime Minister Christopher Luxon has finished a successful four-day visit to the United States with meetings in California on his final day focusing on innovation and investment.  “It has been fantastic to be in San Francisco today seeing first-hand the deepening links between New Zealand and California. “New Zealand company, EV Maritime, ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Prime Minister leads Indo-Pacific Four at NATO
    Prime Minister Christopher Luxon today chaired a meeting of the Indo-Pacific Four (IP4) countries – Australia, Japan, the Republic of Korea and New Zealand. The IP4 met in the context of NATO’s Summit in Washington DC hosted by President Biden. “Prosperity is only possible with security,” Mr Luxon says. “We need ...
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  • District Court judges appointed
    Attorney-General Hon Judith Collins today announced the appointment of three new District Court Judges.   The appointees, who will take up their roles in July and August at the Manukau, Rotorua and Invercargill courts, are:   Matthew Nathan Judge Nathan was admitted to bar in New Zealand in 2021, having previously been ...
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    1 week ago
  • Urgent review into Wairoa flood response begins
    Environment Minister, Penny Simmonds today announced the terms of reference for a rapid review into the Wairoa flood response. “The Wairoa community has raised significant concerns about the management of the Wairoa River bar and the impact this had on flooding of properties in the district,” says Ms Simmonds. “The Government ...
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    1 week ago
  • NZDF’s Red Sea deployment extended
    New Zealand has extended its contribution to the US-led coalition working to uphold maritime security in the Red Sea, Defence Minister Judith Collins and Foreign Minister Winston Peters announced today. “The decision to extend this deployment is reflective of the continued need to partner and act in line with New ...
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    1 week ago
  • Government provides support to tackle tax debt and compliance
    New compliance funding in Budget 2024 will ensure Inland Revenue is better equipped to catch individuals who are evading their tax obligations, Revenue Minister Simon Watts says. “New Zealand’s tax debt had risen to almost $7.4 billion by the end of May, an increase of more than 50 per cent since 2022. ...
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    1 week ago
  • Taking action to reduce road cones
    The Coalition Government is taking action to reduce expenditure on road cones and temporary traffic management (TTM) while maintaining the safety of workers and road users, Transport Minister Simeon Brown says.  Rolling out a new risk-based approach to TTM that will reduce the number of road cones on our roads.  ...
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    1 week ago
  • Celebrating 100 years of progress
    Te Arawa Lakes Trust centenary celebrations mark a significant milestone for all the important work done for the lakes, the iwi and for the Bay of Plenty region, says Māori Crown Relations: Te Arawhiti and Māori Development Minister Tama Potaka. The minister spoke at a commemorative event acknowledging 100 years ...
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    1 week ago
  • Foreign Minister to travel to Korea and Japan
    Foreign Minister Winston Peters will travel to the Republic of Korea and Japan next week.    “New Zealand enjoys warm and enduring relationships with both Korea and Japan. Our relationships with these crucial partners is important for New Zealand’s ongoing prosperity and security,” says Mr Peters.    While in the ...
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    1 week ago
  • Government creates MAG for retail crime victims
    The coalition Government is establishing a Ministerial Advisory Group for the victims of retail crime, as part of its plan to restore law and order, Justice Minister Paul Goldsmith and Associate Justice Minister Nicole McKee says.  “New Zealand has seen an exponential growth in retail crime over the past five ...
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    1 week ago
  • Huge opportunity for educators and students as charter school applications open
    Associate Education Minister David Seymour says today is another important step towards establishing charter schools, with the application process officially opening.  “There has already been significant interest from groups and individuals interested in opening new charter schools or converting existing state schools to charter schools,” says Mr Seymour. “There is ...
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    1 week ago
  • Decreasing gas reserves data highlights need to reverse oil and gas exploration ban
    MBIE’s annual Petroleum Reserves report detailing a 20 per cent reduction in New Zealand’s natural gas reserves shows the need to reverse the oil and gas exploration ban, Energy Minister Simeon Brown says.“Figures released by MBIE show that there has been a 20 per cent reduction in New Zealand’s natural ...
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    1 week ago
  • Providers of military assistance to Russia targeted in new sanctions
    Foreign Minister Winston Peters has announced further sanctions as part of the Government’s ongoing response to Russia’s illegal invasion of Ukraine.    “Russia’s continued illegal war of aggression against Ukraine is a direct and shocking assault on the rules-based order. Our latest round of sanctions targets Russians involved in that ...
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    1 week ago
  • OECD report shows New Zealand is a red tape state
    Minister for Regulation David Seymour says that the OECD Product Market Regulation Indicators (PMRI) released this morning shows why New Zealanders sorely need regulatory reform. “This shocker result should end any and all doubt that the Government must go to war on red tape and regulation,” says Mr Seymour.  “The ...
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    1 week ago
  • Government unveils five-point climate strategy
    The coalition Government is proud to announce the launch of its Climate Strategy, a comprehensive and ambitious plan aimed at reducing the impacts of climate change and preparing for its future effects, Climate Change Minister Simon Watts says. “The Strategy is built on five core pillars and underscores the Government’s ...
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    1 week ago
  • National Bowel Screening Programme reaches 2 million life-saving screening kits
    The National Bowel Screening Programme has reached a significant milestone, with two million home bowel screening kits distributed across the country, Health Minister Dr Shane Reti announced today.   “This programme, which began in 2017, has detected 2,495 cancers as of June 2024. A third of these were at an early ...
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    1 week ago
  • Granny flats popular with all ages
    More than 1,300 people have submitted on the recent proposal to make it easier to build granny flats, RMA Reform Minister Chris Bishop and Building and Construction Minister Chris Penk say. “The strong response shows how popular the proposal is and how hungry the public is for common sense changes to make ...
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    1 week ago

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