web analytics

Key fails first home buyers

Written By: - Date published: 7:35 am, July 24th, 2013 - 34 comments
Categories: housing - Tags:

Yesterday, Key was wringing his hands, saying that the Reserve bank is likely to bring in loan to value ratio requirements without an exception for first home buyers but claiming that first home buyers were still his priority. If that were true, he would have done his part to tackle the real problems in the housing market: speculators, foreign buyers, and lack of affordable home building.

It’s all quite easy. The opposition parties have been talking about it for years (although the media coverage seems to be conveniently blind to that fact):

Remove the tax advantages that draw savings away from productive enterprise and into housing, and also let speculators outbid genuine home buyers. Capital gains tax is the main one. Removing tax deductability of mortgage payments for landlords is a further option.

Block foreign investors who aren’t citizens or residents of this country from buying existing housing stock. This is common practice abroad. In Australia, overseas money can be used to grow the housing stock, but not merely to pour fuel on the fire of house prices by increasing demand for the existing stock.

Build some affordable homes and give people a path to owning them. Labour’s got its plan to build 100,000 affordable homes. The Greens have their revamped State Advances/rent-to-own, which they call Progressive Ownership, to pass on the Crown’s low cost of borrowing to first home buyers. Together, that will make homeownership a reality for tens of thousands of families who are currently locked out.

Add that together, and chuck in LVRs with a first home buyer exemption, and you will take the fire out of the property market, turn investment towards the productive economy, and give young families a real shot at buying their own place.

But Key’s refused to do all of those things. His inaction has allowed a housing bubble to form. He’s left the real trouble makers – the speculators and the overseas buyers – alone. And, now, he’s going to cry crocodile tears  while the Reserve Bank punishes first home buyers for his folly.

34 comments on “Key fails first home buyers ”

  1. vto 1

    A letter in the Press today kindly pointed out a fact to beat all facts when it comes to a snapshot of this government.

    Luxury car dealers have experienced unprecedented demand are unable to keep up. And food banks are experiencing unprecedented demand and are unable to keep up. Both are at record levels.

    Says it all.

    Key is a prize pig.

  2. framu 2

    i reckon this is one the nats are holding for next year

    let the problem get a bit worse, then blame the reserve bank and promise to bring in something to address it if the good people of nu zillund vote them back in

  3. King Kong 3

    When will the left get it through their thick heads that crashing house prices in order to suck up to these whining Gen Y arseholes, who demand a quarter acre of premium land in central Auckland for their first property, is electoral suicide.

    • vto 3.1

      Yes it is electoral suicide, for once you have said something worth reading.

      So given that electoral success is the sole driver for our dishonourable politicians there can be no cure. It is clearly in the best interests of pollies to have house values rising constantly and none of them want to bring values down.

      It is a never-ending loop.

      Where will it end? In tears. More people with no stake in society. No stake in society = give society the bash = unrest = polarisation.

      How to break the cycle?

      • King Kong 3.1.1

        Anyone who has watched any Sci fi will know that the solution for dealing with the wealth disconnect is simple.

        Make the poor compete to the death in sadistic reality television, keep them in deep underground work camps or employ an army of killing machine judges to dispense immediate justice when crimes are committed.

        • tricledrown 3.1.1.1

          primitive primate scientific research has shown those who read or watch a lot of scifi are more likely to be violent abusers!
          looking at your rant above I need say no more!
          So poor we John Key would never have made the grade if not for our generous welfare state providing him and his solo mother a cheap state house , a widows pension,free health care and a free eduction!

          • King Kong 3.1.1.1.1

            Yes I read that research.

            In the same journal there was also a research paper stating that those who read or watch a lot of leftie drivel are more likely to lack a sense of humour and not identify irony.

            • tricledrown 3.1.1.1.1.1

              KK you have been reading far to much scifi !
              I empathize with your small brains incapability to memorize much at all!
              on the other hand your creative writing skills are very good(made up story about lefties lies)theirs hope for you yet!
              I’ve seen no irony in your comments on this site only pathetic chest beating bullying it would be a pleasant change to see some Irony but especially some humour which someone with a primitive brain like yours is incapable of!

        • QoT 3.1.1.2

          Anyone who has watched any Sci fi will know that the solution for dealing with the wealth disconnect is simple.

          Do you switch off the telly before they get to the bit where the heroes overthrow the elites oppressing them? ‘Cause that’s kind of the whole point.

          • David H 3.1.1.2.1

            Are you sure he can turn a TV off? had a vision of him grunting, and picking nits out of his partners hair and eating them. Then I realised I was visiting the Zoo.

            Appearances and all that you know KK

    • Molly 3.2

      You describe only a small group of people who are negatively impacted by the housing affordability issue. Do you really think that they are the only ones?

      If so, you need to get out and talk to more people. Oh, and stop using the Herald as your primary source of information.

  4. burt 4

    If most people focused on lifestyle rather than asset accumulation we wouldn’t be having this debate. People suffer short term hardship paying mortgages on property that they can’t actually afford in the belief that the value will always go up and the stinging mortgage they have now will be manageable in a few years when their pay goes up and the property value rockets – because it always does right….

    Then shit happens and people lose everything.

    But hey… Let people take 150% mortgages and buy a new car to have with their new house because they were unable to save when paying rent ….

    Can you not see the whole sub-prime thing happening all over again if we let people who don’t have the means to save borrow more than they can afford ?????

    • Draco T Bastard 4.1

      Then shit happens and people lose everything.

      Well, they don’t lose everything – they get to keep the mortgage that they can’t afford to pay and is no longer paying for a house.

    • David H 4.2

      @Burt
      “If most people focused on lifestyle rather than asset accumulation”

      And if people focused on Lifestyle, rather than the accumulation of so much wealth, that they can’t even spend the interest and yet they still crave more and more and they don’t even pay their taxes. That’s the Problem.

      and the poor can’t save the deposit because they always need the money for other things. BUT the one thing that has to be paid is the rent, and with some of the exorbitant rents being charged I am sure that a mortgage repayment would be nothing like what a rent bill is. The problem is the deposit. This is why there have been very few mortgagee sales, because the mortgage payments are easier than paying rent in many cases.

      Now I see you brought King Kong’s Banana’s, so go feed him he’s hungry!

  5. burt 5

    Perhaps something else we need to consider in this debate: Banks don’t actually lend above 80% to help the people – they do it for profit.

  6. Sable 6

    This issue was hot property when I lived in Sydney. If my memory serves the then Howard government addressed the issue by only letting foreign investors buy new property developments and not existing property. It seemed to work but I wonder if something similar would solve the problem here? I dislike this government but this is no small problem and its hard to know where the solution lies.

  7. Melb 7

    “Remove the tax advantages that draw savings away from productive enterprise and into housing”

    What advantages? National has already changed tax laws so that losses on property investment are now longer able to be claimed against personal income.

    • burt 7.1

      OMG – beneficiaries who have never paid a cent of income tax can’t do that – how unfair.

      • One Anonymous Knucklehead 7.1.1

        Dear me it seems you’re right. I expect there are millions, if not billions of beneficiaries who’ve never paid tax, but would you mind telling us exactly how many there are, just to be sure?

      • karol 7.1.2

        Eh? I thought tax got deducted from benefits in NZ?

    • Colonial Viper 7.2

      What advantages? National has already changed tax laws so that losses on property investment are now longer able to be claimed against personal income.

      Capital gains for one. People still see their house and their investment flats as an appreciating investment.

      • Melb 7.2.1

        And CGT is rarely applied to stockmarket investments or businesses. What’s the difference?

  8. infused 8

    The only thing that should be done that I fully agree with is blocking foreign sale of houses if they don’t actually reside here in NZ.

  9. Draco T Bastard 9

    Removing tax deductability of mortgage payments for landlords is a further option.

    Get rid of all tax deductions as they don’t make sense at all. All they do is benefit the few who get to structure their income to avoid paying the taxes that they owe.

    Block foreign investors who aren’t citizens or residents of this country from buying existing housing stock.

    What needs to happen there is that foreign ownership of anything needs to be banned outright.

    … to pass on the Crown’s low cost of borrowing to first home buyers.

    And it would be even lower if people would realise that the government doesn’t have to borrow. It really can just print the money (well, create it in the database).

    Build some affordable homes and give people a path to owning them.

    How about the government just builds them and then rents them out? Available to everyone on an as need basis.

    • burt 9.1

      Get rid of all tax deductions as they don’t make sense at all. All they do is benefit the few who get to structure their income to avoid paying the taxes that they owe.

      Watch the people who can afford to leave the country – leave!

      Let me guess – we don’t want big earners who pay enough tax to support essential services doing either of the following;

      a) Living in this socialist paradise earning more than a beneficiary.
      b) Being allowed to deduct expenses from their obscene income.

      • Draco T Bastard 9.1.1

        Watch the people who can afford to leave the country – leave!

        Doubt it.

        Let me guess – we don’t want big earners who pay enough tax to support essential services doing either of the following;

        And you’re making shit up again.

        b) Being allowed to deduct expenses from their obscene income.

        You may not have noticed, burt, but the majority of people can’t deduct expenses from their income despite the fact that they’re legitimate business expenses. Expenses like eating, having clothes to wear, a roof over their head etc.

        Here’s the thing about that – if the rest of business people were allowed to deduct their legitimate expenses then the government wouldn’t receive any taxes. As the majority can’t deduct those expenses and only a few can then we can only assume that such deductions were put in place solely to benefit those few. The only answer to such discrimination is to get rid of it and thus we need to get rid of all deductions.

        Besides, it’s the deductions that allow between $1b and $6b in tax dodging.

      • QoT 9.1.2

        Watch the people who can afford to leave the country – leave!

        It’s funny though, they never do, no matter how many times they promise …

        • felix 9.1.2.1

          Oh they definitely will though.

          Just as soon as they find somewhere with lower taxes, lower compliance costs, less bureaucratic red tape, and a fully functioning public sector to provide all the services they pretend they don’t require.

  10. Zaphod Beeblebrox 10

    The problem with CGT is that it would make NZ houses more attractive to foreignersto own NZ property. The tax paid in CGT would merely be claimed as a tax credit (if indeed IRD would have any chance of getting CGT from a non NZ tax resident).

    So NZers would pay CGT but foreigners would not as well as benefitting from the cheaper price of investment properties when they buy.

  11. Lifts 11

    Nice one and keep it up the nice writing……..

Links to post

Recent Comments

Recent Posts

  • Fast track referrals will speed up recovery and boost jobs and home building
    The Government is taking action to increase jobs, speed up the economic recovery and build houses by putting three more projects through its fast track approval process. “It’s great to see that the fast-track consenting process is working. Today we have referred a mix of potential projects that, if approved, ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Papakāinga provides critically needed homes in Hastings
    A papakāinga opened today by the Minister for Māori Development the Hon Willie Jackson will provide whānau with much needed affordable rental homes in Hastings. The four home papakāinga in Waiōhiki is the first project to be completed under the ‘Hastings Place Based’ initiative. This initiative is a Government, Hastings ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand ready to host APEC virtually
    Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While this isn’t an in-person meeting, it will be one ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Revival of Māori Horticulturists
    The rapid revival of Māori horticulture was unmistakeable at this year’s Ahuwhenua Trophy Awards, with 2020 marking the first time this iconic Māori farming event was dedicated to horticulture enterprises. Congratulating finalists at the Awards, Māori Development Minister Willie Jackson said growing large-scale māra kai is part of Māori DNA. ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Emergency benefit to help temporary visa holders
    From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today. Previously, temporary visa holders in hardship because of COVID-19 have had ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • School sustainability projects to help boost regional economies
    Forty one schools from the Far North to Southland will receive funding for projects that will reduce schools’ emissions and save them money, Education Minister Chris Hipkins announced today. This is the second round of the Sustainability Contestable Fund, and work will begin immediately. The first round announced in April ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Farmer-led projects to improve water health in Canterbury and Otago
    More than $6 million will be spent on helping farmers improve the health of rivers, wetlands, and habitat biodiversity in Canterbury and Otago, as well as improving long-term land management practices, says Agriculture Minister Damien O’Connor. Four farmer-led catchment group Jobs for Nature projects have between allocated between $176,000 and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Tupu Aotearoa continues expansion to Pacific communities in Nelson, Marlborough, Tasman & Northl...
    Pacific communities in Nelson, Marlborough, Tasman and Northland will benefit from the expansion of the Tupu Aotearoa programme announced today by the Minister for Pacific Peoples, Aupito William Sio. The programme provides sustainable employment and education pathways and will be delivered in partnership with three providers in Northland and two ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New primary school and classrooms for 1,200 students in South Island
    Education Minister Chris Hipkins unveiled major school building projects across the South Island during a visit to Waimea College in Nelson today. It’s part of the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “Investments like this gives the construction industry certainty ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Minister of Māori Development pays tribute to Rudy Taylor
      Today the Minister of Māori Development, alongside other Government Ministers and MP’s said their final farewells to Nga Puhi Leader Rudy Taylor.  “Rudy dedicated his life to the betterment of Māori, and his strong approach was always from the ground up, grassroots, sincere and unfaltering”  “Over the past few ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Prime Minister to attend APEC Leaders’ Summit
    Prime Minister Jacinda Ardern will attend the annual APEC Economic Leaders’ Meeting and associated events virtually today and tomorrow. “In a world where we cannot travel due to COVID-19, continuing close collaboration with our regional partners is key to accelerating New Zealand’s economic recovery,” Jacinda Ardern said. “There is wide ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to Infrastructure NZ Symposium
    Tena Koutou, Tena Koutou and thank you for inviting me to speak to you today. This is a critical time for New Zealand as we respond to the damage wreaked by the global COVID-19 pandemic. It is vital that investment in our economic recovery is well thought through, and makes ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Pike River 10 Year Anniversary Commemorative Service
    Tēnei te mihi ki a tātau katoa e huihui nei i tēnei rā Ki a koutou ngā whānau o te hunga kua riro i kōnei – he mihi aroha ki a koutou Ki te hapori whānui – tēnā koutou Ki ngā tāngata whenua – tēnā koutou Ki ngā mate, e ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Huge investment in new and upgraded classrooms to boost construction jobs
    Around 7,500 students are set to benefit from the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “The election delivered a clear mandate to accelerate our economic recovery and build back better. That’s why we are prioritising construction projects in schools so more ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Keeping Pike River Mine promises 10 years on
    Ten years after the Pike River Mine tragedy in which 29 men lost their lives while at work, a commemorative service at Parliament has honoured them and their legacy of ensuring all New Zealand workplaces are safe. Prime Minister Jacinda Ardern attended the event, along with representatives of the Pike ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Additional testing to strengthen border and increase safety of workers
    New testing measures are being put in place to increase the safety of border workers and further strengthen New Zealand’s barriers against COVID-19, COVID-19 Response Minister Chris Hipkins said today. “These strengthened rules – to apply to all international airports and ports – build on the mandatory testing orders we’ve ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • More public housing delivered in Auckland
    The Government’s investment in public housing is delivering more warm, dry homes with today’s official opening of 82 new apartments in New Lynn by the Housing Minister Megan Woods. The Thom Street development replaces 16 houses built in the 1940s, with brand new fit-for-purpose public housing that is in high ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Agreement advanced to purchase up to 5 million COVID-19 vaccines
    The Government has confirmed an in-principle agreement to purchase up to 5 million COVID-19 vaccines – enough for 5 million people – from Janssen Pharmaceutica, subject to the vaccine successfully completing clinical trials and passing regulatory approvals in New Zealand, says Research, Science and Innovation Minister Megan Woods. “This agreement ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Jobs for Nature funding will leave a conservation legacy for Waikanae awa
    Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today. “The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Dunedin Hospital project progresses to next stage
    As the new Dunedin Hospital project progresses, the Government is changing the oversight group to provide more technical input, ensure continued local representation, and to make sure lessons learnt from Dunedin benefit other health infrastructure projects around the country. Concept design approval and the release of a tender for early ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Jump in apprentice and trainee numbers
    The number of New Zealanders taking up apprenticeships has increased nearly 50 percent, and the number of female apprentices has more than doubled. This comes as a Government campaign to raise the profile of vocational education and training (VET) begins. Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • ReBuilding Nations Symposium 2020 (Infrastructure NZ Conference opening session)
    Tena koutou katoa and thank you for the opportunity to be with you today. Can I acknowledge Ngarimu Blair, Ngati Whatua, and Mayor Phil Goff for the welcome. Before I start with my substantive comments, I do want to acknowledge the hard work it has taken by everyone to ensure ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Zealand's biosecurity champions honoured
    Biosecurity Minister Damien O’Connor has paid tribute to the winners of the 2020 New Zealand Biosecurity Awards. “These are the people and organisations who go above and beyond to protect Aotearoa from pests and disease to ensure our unique way of life is sustained for future generations,” Damien O’Connor says. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Tourism Industry Aotearoa Conference
    speech to Tourism Industry Aotearoa annual summit Te Papa,  Wellington Introduction Nau mai, haere mai Tēnā koutou, tēnā koutou, Ka nui te mihi, ki a koutou. Thank you Tourism Industry Aotearoa for hosting today’s Summit. In particular, my acknowledgements to TIA Chair Gráinne Troute and Chief Executive Chris Roberts. You ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Supermarkets announced as Government’s second market study
    The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries.   “Supermarkets are an integral part of our communities and economy, so it’s important to ensure that Kiwis are getting a fair deal at the checkout,” Minister of Commerce and Consumer ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Masks to be worn on Auckland public transport and all domestic flights
    Masks will need to be worn on all public transport in Auckland and in and out of Auckland and on domestic flights throughout the country from this Thursday, Minister for COVID-19 Response Chris Hipkins said today. “I will be issuing an Order under the COVID-19 Response Act requiring the wearing ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand signs Regional Comprehensive Economic Partnership
    Increase to New Zealand’s GDP by around $2 billion each year Increase opportunities for NZ exporters to access regional markets Cuts red tape and offers one set of trade rules across the Asia Pacific region New government procurement, competition policy and electronic commerce offers NZ exporters increased business opportunities Prime ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister acknowledges students as exams begin
    Education Minister Chris Hipkins has recognised the extraordinary challenges students have faced this year, ahead of NCEA and New Zealand Scholarship exams which begin on Monday. “I want to congratulate students for their hard work during a year of unprecedented disruption, and I wish students all the best as ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister meets with key ASEAN and East Asia Summit partners
    Prime Minister Jacinda Ardern today attended the ASEAN-New Zealand Commemorative Summit and discussed with Leaders a range of shared challenges facing the Indo-Pacific region, including: The ongoing management of the COVID-19 pandemic; The importance of working collectively to accelerate economic recovery; and Exploring further opportunities for partners to work more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Veterans Affairs Summit held in Korea
    A Ministerial Summit on Veterans’ Affairs was held in the Republic of Korea this week. Ministers with veteran responsibilities were invited from all 22 countries that had been part of the United Nations Forces during the Korean War (1950 – 1953). The Summit marked the 70th anniversary of the outbreak ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Clear direction set for the education system, skills prioritised
    The Government has released a set of priorities for early learning through to tertiary education and lifelong learning to build a stronger, fairer education system that delivers for all New Zealanders. “The election delivered a clear mandate from New Zealanders to accelerate our plan to reduce inequalities and make more ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • A Progressive Agenda
    Speech to the Climate Change + Business Conference, November 12, 2020 Tena koutou katoa Thank you for inviting me to speak here today. It is great to see us all come together for a common cause: to redefine our future in the face of unprecedented times.  Covid-19 and climate change are ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Commemorative address at Act of Remembrance for Armistice Day
    Tuatahi māku  Ka mihi tu ki a koe Pita E pīkauria ana i te mana o Ngā tūpuna o te whenua nei. Thank you Bernadette for your warm introduction. I would also like to reflect on your acknowledgments and welcome Peter Jackson, Taranaki Whānui; Members of the National War Memorial ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New fund launched to reduce carbon emissions from coal and gas
    The Labour Government is quickly delivering a key election policy that will help business to switch from fossil fuels like coal and gas to clean energy for process heat while accelerating the economic recovery from Covid. The $70 million fund will allow business and industries to access financial support to ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Support for flood affected Napier community
    The government will contribute $100,000 towards a Mayoral Relief Fund to support those most affected by the recent severe weather in Napier, the Minister for Emergency Management Kiri Allan announced today. “I have been in the region overnight meeting with locals and emergency service responders to discuss their needs, and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New vaping laws take effect today
    New laws intended to discourage young people from vaping while allowing smokers to continue using vaping to give up cigarettes take effect today, Health Minister Andrew Little says. “Today’s changes mean the laws around vaping are now similar to those around tobacco smoking,” Andrew Little says. The Smokefree Environments and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • $84m to support research in science
    The Government is investing $84.7 million in innovative research projects including those focussed on health, climate change, astronomy and the impact of Big Data on social equality says Research, Science and Innovation Minister Megan Woods. This year’s Marsden Fund will support 134 new projects including explorations of the connection between ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Former Cook Islands Prime Minister mourned
    Foreign Affairs Minister Hon Nanaia Mahuta has noted with sadness the passing of Jim Marurai, who served as Cook Islands Prime Minister between 2004 and 2010.  “Jim Marurai made a significant contribution to his country through a lifetime of service.  “As a teacher and as a politician, he was greatly ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Minister heads to flood-hit Napier
    Minister of Emergency Management Kiri Allan will travel to Napier this afternoon to meet with frontline staff and residents affected by the severe weather that hit the area overnight. “My thoughts are with the Napier community as they deal with the damage and disruption that this deluge has caused, and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Crown accounts better than forecast as confidence in the economy grows
    The Government’s books were stronger than expected as the economy continues to recover post COVID lockdown, the Finance Minister Grant Robertson says. The Crown Accounts for the three months to the end of September show a lower than forecast deficit due to a better than expected tax take. “Tax revenue ...
    BeehiveBy beehive.govt.nz
    2 weeks ago