web analytics

John, Ken and Mark might have had much better weeks

Written By: - Date published: 8:00 pm, May 7th, 2016 - 14 comments
Categories: brand key, john key, tax - Tags: , , , , , , , , , , , ,

It’s been a shocker week for John Key and his mates

John and Mark

Mark and John

Friend and “lawyer”, Ken Whitney, who isn’t actually a lawyer, was told by Key he was sloppy as the prime minister slithered deeper into the mire over the Panama Papers scandal and the role each has played in maintaining New Zealand’s status as a tax haven.

Key was the only political leader singled out for special attention by Panama Papers whistleblower “John Doe” for his ability to remain “curiously quiet about his country’s role in enabling the financial fraud Mecca that is the Cook Islands”.

But Key and Whitney’s week was positively sunny compared with that experienced by Key cheer leader, former Olympian and markets golden boy, Mark Weldon, who engaged in a trifecta of disasters.

As things got tougher at MediaWorks in the wake of the resignation of star news anchor, Hilary Barry, (whose name Weldon couldn’t get right in the staff memo), he bravely led by example and quit as chief executive, whimpering that the personal cost of continuing was too high. Didums Mark.

It was difficult to escape the stampede of former staffers and associates rushing to dis their former boss – Jeff Hampton, David Farrier, Sarah Hall, Paula Penfold and Mark Jennings all voiced their vitriol and enthused about his departure.

“I did a little yelp of joy…like an excited puppy,” wrote Farrier, the former Newsworthy presenter at TV3, on hearing of Weldon’s resignation.

Check out the best tweets on how unloved Weldon was/is.

Oh, he had one, supporter – gossiper, Rachel Glucina, editor of Scout, the disastrous foray devoted to celeb gossip set up by Weldon.

“The most visionary & inspiring leader I’ve ever had the pleasure to work with has resigned,” tweeted Glucina.

Apart from destroying the well established 3 News brand, Weldon last act was to axe the Four channel and replaced it with Bravo, an all-reality channel. “This was his vision,” lamented Raybon Kan in a scathing critique.

Hayden Donnell and Duncan Greive reported MediaWorks staff had been planning mass insurrection prior to Weldon’s surprise resignation. In a prescient blog in The Spinoff, they noted Weldon’s “brief, tumultuous tenure has already seen the loss of experienced staff, the end of Campbell Live and 3D, concerns over declining  TV ratings and ad revenue, along with a steady stream of embarrassing news stories about the organisation.”

Another embarrassment for Weldon this week, that is going to get worse next week when he is in dock as a witness, was the start of a nine-week court battle between stock exchange operator, NZX, and a grain trading business it was buying, when Weldon was CEO of NZX. Each is suing the other for many millions of dollars.

Weldon had forecast the Ralec’s grain-trading platform would become an “agric-Bloomberg”worth A$750 million to $A1 billion (a value that surprisingly never eventuated).

Ralec’s lawyer said in court this week that NZX never gave it the resources to deliver, while NZX alleges Ralec misrepresented its prospects and relationships with the industry.

According to the NZ Herald report, Ralec lawyer Tim North noted there was underperformance in all of NZX’s targeted acquisitions at that point (2010) and Weldon “was under significant pressure from his own board about his own performance”.

“Weldon had been under real concern about the question of NZX’s liquidity,” North said.

The third leg to Weldon’s star-waning trifecta this week, was the announcement he is stepping down as chairman of NZAX-listed internet labour-management company, Geo-Op Limited. Geo-Op listed with great promise in 2013 when the $1 shares first traded at $2.20. They peaked at $4.49 in November of that month, valuing the start-up at over $150 million, but all has since pretty much turned to custard.

In what may be a Weldon pattern, there was a parting of the ways with the female star, Leanne Graham, the former Xero exec who set up the company. To be fair, the shares had already lost 90% of their value from their peak ahead of her departure, but from that point, they have lost another 57% to be down at 28 cents.

Weldon’s step down as chairman, though he remains a director, is part of Geo-Op’s shotgun marriage to Australian mobile sales app developer InterfaceIT. In an usual move for a publically-listed company, reporters were barred from this week’s shareholder meeting to approve the deal, probably because the thin skinned Weldon, couldn’t face them for fear of more personal pain.

On the Whitney front, things got murkier and murkier as Key, Whitney and Revenue Minister Todd McClay contradicted each others’ stories about how Whitney’s specialist foreign trust and tax avoidance company, Antipodes Trust Group, managed to stymie Inland Revenue from tightening up disclosure rules as planned.

Even conservative Granny Herald in its editorial admonished Key for allowing his “lawyer” to approach him over the issue and then advising him to talk to the revenue minister.

He should not have said anything of that kind. He should have given this message to Ken Whitney: ‘You are my lawyer. I’d rather you didn’t approach anyone in the Government about issues of public policy. Surely somebody else in the industry can do it.’,” NZ Herald wrote.

And that’s accepting Key’s version of events that he did not wig McClay’s ear, which given Key’s past economy with the truth over Dirty Politics etc etc is a big if.

The Prime Minister needs to keep his personal wealth and investments well away from his public responsibilities. Mr Whitney did his client no favours by bringing this issue to him, even if none of Mr Key’s wealth would be in a foreign trust administered here,” went on NZ Herald.

Interestingly, Key and McClay were at odds over whether Key had informed the Revenue Minister that his personal lawyer would be lobbying him over IRD’s plan.

McClay did not recall Key telling him who Whitney was, but Key, who in the past has had a lot of trouble recalling details, on this occasion was certain he told McClay he would hear from “my lawyer”.

In his bid to extricate himself from a series of conflicting statements, Key then denied Whitney’s claim that the PM had advised him there were no plans to change the status of the foreign trust regime. He said it was Whitney’s “sloppy wording”.

The Herald’s Matt Nippett this week also dug up an interesting story about Whitney that called into question Key’s claim that Whitney was a “highly ethical” lawyer.

The story reported Whitney being castigated by High Court judge, Ed Wylie, for creating a sham trust for a bankrupt property developer then failing to disclose it to authorities probing his client’s insolvency.

Under cross-examination, Whitney disclosed his “high ethics” when asked if he had concerns around setting up structures to allow a bankrupt to continue in business; he told the court: “No, not particularly. It’s a common thing for people to do. It may not be morally as white as it could be but it’s normal practice.”

Well it hasn’t been a great week for ethics, the truth or mateship.

Simon Louisson formerly worked for The Wall Street Journal, NZPA, Reuters, The Jerusalem Post and was most recently a political and media adviser to the Green Party

 

14 comments on “John, Ken and Mark might have had much better weeks ”

  1. seeker 1

    Highly dangerous to consider john key as a ‘mate’ unless you are Bronagh.

    Weldone totally unsuitable but put in place for key’s own ends; Whitney thrown under bus even poor Hubbard thought things would be fine for his company probs when key got back from wherever he was (I remember reading this at the time,can’t find link tho’) However key isn’t such a great’mate’ when you are in trouble…….. he distances himself as soon as he can.
    Very little respect from key either even if you are a brave soldier and have died for your country. As for devastating earthquakes or diabolical mine disasters…….disregard and dismiss after a few platitudes is key’s m.o.

    The man is a moral hazard, an ethical nightmare.

    Perhaps I shouldn’t say this, but he is becoming rather like a zit that needs urgent compression before we all get squeezed to death with him. Ugh!

    With mates and pms like key, who needs enemies?

    • Adrian 1.1

      Key was in London as I recall and Hubbards main complaint was that Key wouldn’t,t return his calls.
      The Quote was along the lines of “This wouldn’t,t have happened ( the shutdown of SCF ) if I could have talked to him”.
      Which brings into question a lot of other questions such as Donations and the inclusion of SCF in the guarantee scheme against all sorts of official advice.
      The quote was a few days after the shutdown

  2. Human greed , subterfuge in politics, ulterior motives , betrayal and criminals denying their long time crony’s to save their own skins – this has never changed through the mellennia.

    I like a little artistic license to illustrate a few ideas… nothing new there as well… and that’s also been done to hold the powerful to account through the mellenia .

  3. Draco T Bastard 3

    Under cross-examination, Whitney disclosed his “high ethics” when asked if he had concerns around setting up structures to allow a bankrupt to continue in business; he told the court: “No, not particularly. It’s a common thing for people to do. It may not be morally as white as it could be but it’s normal practice.”

    And that’s business in a nutshell. As long as it makes money they don’t give a god damn if it’s ethical or not.

  4. Incognito 4

    Well it hasn’t been a great week for ethics, the truth or mateship.

    This is correct if, and only if, you’re referring to John, Ken, and Mark. Ordinary New Zealanders still live by these old-fashioned values, by and large, and are in no hurry to give these up for 30 pieces of silver or other hollow rewards such as ‘fame’ or ‘popularity’, none of which are conducive to raising a family, building supportive communities, or a cohesive society.

  5. Keith 5

    The fact that Weldon had no experience at all in the media industry always made his appointment to the CEO postion tenuous. But I’ve seen that sort of thing time and again, a CEO who is appointed for unfathomable reasons, who then stamps his authority on an organisation he has no idea about often made all the worse if that person suffers poor man management skills and a big ego.

    Sadly it almost always ends the same way, in tears with staff alienated, then disengaged, then those who remain (after the inevitable exodus of expertise and talented staff created by such appointments) to throw as many spanners into the works as the can to ensure the prick at the top fails, ultimately meaning at best the company never gets close to its full potential or at worst struggles to survive.

    But hey, he got rid of John Campbell and for that National are eternally greatful.

    • RedLogix 5.1

      The common factor in all of these fiasco’s is bringing in the ‘talented outsider’ in a ‘hail mary’ attempt to fix other issues that have become internally stalemated. While it may break through the issue at hand; the ongoing damage caused by the outsiders ignorance and now overweening arrogance is always terminal.

      I once saw this play out at a large global corporate in the 90’s. In the end the board was smart enough to see what was coming down the road and paid the useless pos $3m to go away. It was probably the best value $3m they ever spent, but still it’s nice work if you can get it.

      • tc 5.1.1

        Issue here is the board is full of club members and banksta types, allowing Weldon to take the reigns was politics over shareholder value.

        Yet another board that’s failed in its fiduciary duties with a nice set of spin that blames others.

      • Richard Christie 5.1.2

        I’m curious to know what Weldon’s severance deal was.
        I suspect the final meeting with Oaktree was in fact a negotiation allowing him to ‘resign’ before being fired, and that in doing so he protected a generous payout of some description.

  6. whateva next? 6

    Always reassuring to see facts recorded, linked, assimilated, and available, thankyou for that Simon.
    Is this the crack in the dam? It has to happen eventually, parasites eventually destroy themselves.

  7. Bearded Git 7

    Andrew Little says today on Q and A that Labour would probably ban foreign trusts. “I see no value in them” …”I’d be getting rid of them” he says. Listen:

    http://tvnz.co.nz/q-and-a-news/panama-papers-confusion-corruption-video-6468504

    A policy Key will never steal because Ken wouldn’t like it.

Recent Comments

Recent Posts

  • 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
    49 mins 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
    4 hours 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
    7 hours 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 day 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 day 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 day 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 day 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 day 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
    2 days 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
    2 days 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
    2 days 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
    2 days 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
    3 days 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
    3 days 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
    3 days 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
    3 days 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
    3 days 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
    4 days 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
    4 days 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
    4 days 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
    5 days ago
  • Honey exporters busy meeting surging demand
    Overseas consumers eager for natural products in the face of the COVID-19 pandemic have helped boost honey export revenue by 20 percent to $425 million in the year to June 30, 2020, Agriculture Minister Damien O’Connor says.   “The results from the latest Ministry for Primary Industries’ 2020 Apiculture Monitoring ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government delivers more wellbeing support for young people
    Thanks to more than $10-million in new services from the Government, more rangatahi will be able to access mental health and addiction support in their community. Minister of Health Andrew Little made the announcement today while visiting Odyssey House Christchurch and acknowledged that significant events like the devastating earthquakes ten ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government eases visa restrictions for visitors in New Zealand
    Two month automatic visitor visa extension for most visitor visa holders Temporary waiver of time spent in New Zealand rule for visitor stays Visitor visa holders will be able to stay in New Zealand a little longer as the Government eases restrictions for those still here, the Minister of Immigration ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Push for sustainable tourism gathers pace
    The Tourism and Conservation Ministers say today’s report by the Parliamentary Commissioner for the Environment (PCE) adds to calls to overhaul the tourism model that existed prior to COVID19. “The PCE tourism report joins a chorus of analysis which has established that previous settings, which prioritised volume over value, are ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government extends dietary supplements regulations
    The Government is providing certainty for the dietary supplements industry as we work to overhaul the rules governing the products, Minister for Food Safety Dr Ayesha Verrall said. Dietary supplements are health and wellness products taken orally to supplement a traditional diet. Some examples include vitamin and mineral supplements, echinacea, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand to join the Council of Europe Convention on Cybercrime
    The Government is joining the Council of Europe Convention on Cybercrime (the Budapest Convention), Justice Minister Kris Faafoi and Minister for the Digital Economy and Communications Dr David Clark announced today. The decision progresses a recommendation by the Royal Commission of Inquiry into the Christchurch terror attack to accede to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Appointment round in 2021 for Queen's Counsel
    Attorney-General David Parker announced today that an appointment round for Queen’s Counsel will take place in 2021.  Appointments of Queen’s Counsel are made by the Governor-General on the recommendation of the Attorney-General and with the concurrence of the Chief Justice. The Governor-General retains the discretion to appoint Queen’s Counsel in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government support for businesses kicks in
    The new Resurgence Support Payment passed by Parliament this week will be available to eligible businesses now that Auckland will be in Alert Level 2 until Monday. “Our careful management of the Government accounts means we have money aside for situations like this. We stand ready to share the burden ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Final preparations to ensure Phase 1 of the vaccination rollout is ready to go
    A dry run of the end-to-end process shows New Zealand’s COVID-19 vaccination programme is ready to roll from Saturday, when the first border workers will receive the Pfizer/BioNTech vaccine, COVID-19 Response Minister Chris Hipkins says. “The trial run took place in Auckland, Wellington and Christchurch yesterday afternoon, ahead of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Free Period products to be available in all schools and kura
    From June this year, all primary, intermediate, secondary school and kura students will have access to free period products, Prime Minister Jacinda Ardern and Associate Education Minister Jan Tinetti announced today. The announcement follows a successful Access to Period Products pilot programme, which has been running since Term 3 last ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government accounts remain in good shape
    The latest update shows the Government’s books are again in better shape than forecast, meaning New Zealand is still in a strong position to respond to any COVID-19 resurgence. The Crown Accounts for the six months to the end of December were better than forecast in the Half-year Economic and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New DOC strategy champions responsible enjoyment of the outdoors
    The Department of Conservation’s (DOC) new Heritage and Visitor Strategy is fully focused on protecting and enhancing the value of New Zealand’s natural, cultural and historic heritage, while also promoting a sustainable environmental experience, Conservation Minister Kiri Allan says. “It has been a quarter of a century since DOC first developed ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand to conclude its deployment to Afghanistan in 2021
    Prime Minister Jacinda Ardern, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare have announced that New Zealand will conclude its deployment of the New Zealand Defence Force (NZDF) to Afghanistan by May 2021. “After 20 years of a NZDF presence in Afghanistan, it is now time to conclude ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supporting Māori to Succeed in Trade – International Inter-Tribal Trade and Investment Organi...
    Thank you for the opportunity to speak with you today. This is a special time in our country. A little over a week ago, it was the anniversary of the signature by Māori and the British Crown of Te Tiriti O Waitangi (the Treaty of Waitangi), a founding document in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister’s statement on the arrest of former dual citizen in Turkey
    The Government is in contact with relevant authorities in Turkey following the arrest of a former Australian and New Zealand dual citizen there, Prime Minister Jacinda Ardern said. “Contingency planning for the potential return of any New Zealander who may have been in the conflict zone has been underway for ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Household incomes rise but more work needed
    Figures released today by Stats NZ show there was strong growth in median household incomes in 2020, before surveying was halted due to COVID-19. Stats NZ found the median annual household income rose 6.9 percent to $75,024 in the year to June 2020 compared with a year earlier. The survey ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Business support under COVID resurgence confirmed
    Legislation will be introduced under urgency today to set up a new Resurgence Support Payment for businesses affected by any resurgence of COVID-19. “Since the scheme was announced in December we have decided to make a change to the payment – reducing the time over which a revenue drop is ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand welcomes appointment of new WTO Director General
    Trade and Export Growth Minister Damien O’Connor congratulated Nigeria’s Dr Ngozi Okonjo-Iweala on her ground-breaking selection as the next Director General of the World Trade Organization last night.   Dr Okonjo-Iweala will be the first female and first African Director General of the organisation.   She has a strong background in international ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government delivers on promise to working low-income families
    From 1 April 2021, people getting a benefit will be able to earn more through work before their benefit payments are affected, Social Development and Employment Minister Carmel Sepuloni has announced. “Overall, around 82,900 low-income people and families will be better off by $18 a week on average,” says Carmel ...
    BeehiveBy beehive.govt.nz
    1 week ago