web analytics

Key finally admits there is a housing crisis but says it is all Labour’s fault

Written By: - Date published: 8:35 am, August 30th, 2016 - 32 comments
Categories: john key, making shit up, national, same old national, slippery, spin, the praiseworthy and the pitiful, you couldn't make this shit up - Tags: ,

john-key1

John Key is finally accepting that there is a housing crisis.  But he appears to have forgotten that he has been Prime Minister for the last eight years and is attempting to say that fault lies elsewhere.

He came out with a rather strange statement yesterday suggestion that under Labour residential price increases went up twice as fast as they have over National and implied that National was therefore doing a better job.

From the Herald:

Prime Minister John Key has defended the cost of housing in New Zealand, saying under his Government house prices had gone up only 43 per cent.
In response to Labour housing spokesperson Phil Twyford’s calls for the Government to “declare a state of emergency”, Key defended his Government’s actions.

“National house prices under the 9 years Helen was Prime Minister went up 102 per cent, under us they went up 43 per cent,” he said.

“Auckland house prices under them and under us, broadly in Census terms, went up the same. If it’s a national state of emergency now, in a crisis now, why wasn’t it when Helen was Prime Minister?”

Key told NewstalkZB’s Mike Hosking the cost of an average Auckland house is nine times that of the average earnings.

“To give you an example Sydney is 12 times and we’re about the same with Melbourne,” he said.

My jaw dropped when I heard these figures and I had a look around to see where they came from.

They appear to be based on changes to the QV residential price index. In September 1999 the index stood at 690. By September 2008 the figure had increased to 1,416 which was a 105% increase. Then by December 2015 the index was up to 2,032 which is a 43% increase.

Auckland’s prices went up from 669 in December 1999 to 1280 in September 2008, a 91% increase.  In the 8 years since it has increased to 2319 which is an 81% increase.

The changes are shown in this graph.  Auckland’s property prices steadily increased until 2008 when the Global Financial crisis hit.  They have then surged since the beginning of 2012.

QV Residential Price Index

What does the QV Residential Price Index measure? Average QV for properties in the country.  But in areas where there are dramatic increases QV valuations lag well behind actual valuations. For instance the QV of my property is not much more than half what the absolutely insane market would probably pay for it.

So there are a few problems with Key’s use of this index to back up his claim:

  1. The figures are for the whole of New Zealand whereas the crisis is concentrated in Auckland although it is spreading.
  2. The figures are dodgy as and increasingly unrepresentative of what is happening in the market.
  3. There is clearly a recent surge in values in Auckland that this Government is doing nothing about.

This is classic Key and classic National.  Find some statistics that back their contention.  Use these figures even though you know they do not represent reality.  And blame Labour.

32 comments on “Key finally admits there is a housing crisis but says it is all Labour’s fault ”

  1. dukeofurl 1

    Thats the cinch , the QV or Council valuations will be updated next year, when Key will have forgotten what he said this week.

  2. ianmac 2

    Of course the general population just hear the message without bothering to question the facts. “Labour was worse so our National Government is doing a good job. Lets vote to keep them on.”
    Politics is so simple.

  3. Pat 3

    It will be worth remembering there are around 400,000 people in this country who have no direct experience of the previous government so have no way of judging the veracity of any of Keys statements……more than enough to swing a close election.

  4. billmurray 4

    Yes there is a housing crisis and there is constant critical scrutiny of what is said by all Political parties, this crisis can be traced back to the 2008 Free Trade Agreement which the Helen Clark Labour government negotiated with the Chinese.
    This agreement basically allowed (and still allows) Chinese folk to buy and sell residential property in NZ, whether or not they are residential in NZ.
    All political parties subsequently endorsed this agreement.
    I contend that until this agreement is modified, then the NZ housing situation will never be solved to the average Kiwi’s and their children’s needs.
    The Labour party is languishing in the polls despite all the noise they are making, the reason is that is all they are doing, “making noise”.

    They need to “take the bull by the horns” face the facts of the 2008 FTA and stop “making noise”.

    • Draco T Bastard 4.1

      +1

    • RedLogix 4.2

      Absolutely correct bill. And sadly the one thing the Clark govt did that I opposed all along.

      • Colonial Viper 4.2.1

        Our dairy farmers have loved the Chinese market too.

        We send them good milk powder while in return we accept increasing amounts of cowshit, phosphate and nitrogen in our waterways, with Aussie banks skimming off the financial cream for themselves while we provide below minimum wage employment to Filipino imports.

        Win win for NZ.

  5. Draco T Bastard 5

    This would be National not taking responsibility for their actions nor are they taking seriously the responsibility that comes with the job of being government. Typical of RWNJs really as they always deny that it’s their fault when it is.

  6. save nz 6

    Personally would not believe a word Key says, and I dear say most voters will think the same. In fact I don’t think Key’s approach is working anymore. The country is in trouble when Natz voters are being poisoned by their water supply. Yep, funny that, pollution does not have political boundaries! Faking stats is not cutting it, when you are at risk of being poisoned.

    As for housing crisis. I have said this many times before Labour are on 25% because there are no political winners from this. Housing has been allowed to become a clusterfuck of epic proportions and there is not easy solution apart from an absolute change of direction from global neoliberalism. Labour know it too, but still clings onto globalism as a solution. But voters have had enough world wide and saying TPPA No Way, Fuck immigration – we like diversity but not when people are becoming 2nd class citizens in their own country and their assets are being sucked out by the .1% and corrupt tax haven loving Kleptocrats and Plutocrats.

    Until Labour really embrace that rather than a luke warm type communication that can easily be manipulated by the spin doctors they are marooned on 25%.

    • save nz 6.1

      But I also think Labour have turned a corner under Little. He is a giver not a taker and pushing through important alliances with other members of the opposition (NZ First, Northland, Greens alliance). Minding each other’s back will be key in the election.

      • Garibaldi 6.1.1

        “Minding each other’s back will be key in the election”. Yes, but can Labour be trusted to do it? With so many trough feeding neolibs in their ranks they are still not showing any real signs of being trustworthy for the Left. With the likes of Nash, Shearer ,Hipkins etc one can only envisage National’s ad about rowing the boat. Also @ 25% it is obviously not cutting the mustard yet with the people. The way they treated the Mana party last election and the way they cut Cunnliffe down still pisses me off.

        • save nz 6.1.1.1

          I think in reality people have to either accept National for a 4th term or work with Labour and their limitations. Yep, Labour have done some bad things, but now they have turned a corner and historically the have done some amazing things. Voters don’t have much choice if they want to get the Natz out. So I think the left need to try to support Labour’s good moves and try and shift Labour’s bad decisions. We all have to move on from the past elections and try to bring about good changes and policy and strategy in the present.

          • dave 6.1.1.1.1

            its mmp labor has some good policy ,as does the greens and NZ first mmp allows hopefully a new government can cherry pick of best of it .
            with one big risk how badly has key and gang stuffed the finances
            ?????

  7. Lanthanide 7

    The easy answer to Key’s question, how come it’s a crisis now when it wasn’t a crisis then, is that under Helen clark, the average wage increased significantly (perhaps not as much as house price growth), whereas under Key the average was has not increased significantly.

    • indiana 7.1

      …its a crisis of perception for those that are looking to buy a house – current home owners don’t consider there is a crisis. Its not a crisis that requires a declaration of a state of emergency

      • McFlock 7.1.1

        apart from that it flows on to renters as well, and mortgage rates.

        So it effects everyone.

        • TheExtremist 7.1.1.1

          As a renter I’m fucked. I can’t afford Auckland rentals anymore and my lease is up in 4 weeks. Landlords gave notice yesterday from their batch in Waiheke that they want to sell (obviously to cash in on these stupid house prices) My options are:

          A) Move waaaaaaay down south so as to endure a 2 hour commute to get to work
          B) Quit my job and move to a region.

          I need to decide in the next few days what to do. Fucks sake.

          • Garibaldi 7.1.1.1.1

            Extremist. You will probably have to go further south than the Bombays. Jaffas have had a huge affect on prices through the Waikato/BOP . Good luck and act quickly….

          • Observer Tokoroa 7.1.1.1.2

            .
            . Hi Extremist.

            . It’s not funny Mate. Landlords don’t value Tenants. Greed is the game they play.

            The whole country is affected by Foreign and Absentee landlords.

            The Maori Party; The United Future; The Act party; have done this too you. Go and see them and ask what you can do.

            Keep up your courage Extremist. Lead others to your cause.

            People such as you are the salt of the NZ earth. You suffer for your belief in this stupid evil unfair aggressive hateful dumb Aoteoroa.

            .

          • save nz 7.1.1.1.3

            Try Rodney district in Auckland, the rentals are cheaper because you have to put up with being in John Key’s electorate. Also there is no public transport (being John Key’s electorate to keep the poor out) so it lowers rents. But of course depends where you work.

  8. Observer Tokoroa 8

    .
    PS – Extremist.

    John Key , Billy English and Bronagh will be celebrating their success in destroying you tonight.

    The Asians will be sending John Key and Billy cheques and valuables. So will the English immigrants with their flash Pound Note worth twice our measly $Dollar.

    The Students will be writing home to their far away countries telling Momma and Poppa how easy it is to kick people outta their homes in New Zealand.

    Add in the Americans who dump on us here. And The Canadians and the Muslims. And the Australian Banks. Is anyone meaner than an Australian?

    All the above people have declared war against The People of New Zealand.

    Make the wealthy politicians ashamed. Humiliate them. They are but dogs. They have lifted their leg on the people of New Zealand.
    .

    • Garibaldi 8.1

      OT .You have left out the Sth Africans. They will be piqued about that!

      • Observer Tokoroa 8.1.1

        .
        Hi Garibaldi

        You are right.! I forgot the South Africans. I think we need a few bullies don’t we.
        So I will include the South Africans next time.

        . I left the Srilankans and the Filipino out too. They do a lot of the nursing roles.

        . Having a chuckle is one thing, but good people being kicked out of their homes either through ruinous mortgages or high rents is not good. It is wicked. I am sure that immigrants understand that. Even if the real estate mongrels and the Politicians don’t.
        .
        .

        • TheExtremist 8.1.1.1

          Hey, I married a Saffa – I love em!

          Anyway, thanks for the support guys. I’m feeling confused about what to do. Will keep you posted as to how I find my new reality in this brighter future.

          • RedLogix 8.1.1.1.1

            Get out of Auckland. Anywhere.

            I’ve just spent a couple of days at a family wedding on the Gold Coast and while we all still love the city we grew up in, we all agree its gone and not ever coming back.

            Within a year or three of 14 people who were all born in the city, none will remain.

            Sorry but that’s how it is now.

  9. In Vino 9

    Umm… Am I the only one who wonders about the use of percentage figures? Is Key a crafty liar?
    Prices were low (relatively) at the start of Clark’s time as PM. But now the prices are huge.
    So Key’s quote of bigger percentage increase is deceptive. 40% of modern prices is a far, far greater amount than 102% of a much lower price when Clarks Govt. started.

    Look at the flat $ amount by which house prices are increasing, and it is clearly the current Govt that is guilty of bigger increases.
    I haven’t done the maths, but I suspect that this holds true.
    Worth a try, just to annoy some trolls.

    • Andre 9.1

      If you want absolute numbers, in January 2000 I bought my house in Titirangi for $415k, at that time my salary was around $60k (multiple around 7)

      At the peak of the market in 2007 or 2008, it would have had a market value around $850k, at a time when my salary was $85k, so a multiple around 10. By the time of the 2008 rating valuation, the valuation had dropped back to $755k (before Key taking power).

      Now, homes.co.nz reckons about $1,200k, and a salary around $100k, so a multiple around 12.

      Over that same time, the house I sold in Mt Albert in 1999 for $270k has increased to around $1,400k. (Damn, should have kept it as a rental). Neither house has had substantial work done to it over that time.

  10. In Vino 10

    To explain – it is my suspicion that even using inflation-adjusted dollars, house prices are now rising by more dollars per month than ever before. Key’s use of percentages is a deceit.

    • Blackcap 10.1

      That sort of goes without saying. If something doubles every 1o years for example:

      1900 $100
      1910 $200
      1920 $400
      1930 $800
      1940 $1,600

      Then you will see that the absolute figures get bigger every time (ie rise of 100 from 1900 to 1910, rise of 200 from 1910 to 1920, rise of 400 from 1920 to 1930 etc) but the percentages stay the same. So in a “rising” market your statement will generally hold but does not mean it is bad. It is better to work with percentages as that gives a better picture of what is actually occuring.

      • In Vino 10.1.1

        Wrong. For first-home buyers, the situation is now impossible because of the high $ required. That is what has actually happened.

        Only by using meretricious % figures can Key make it look like first-home buyers were worse off during Helen Clark’s time. The $ required were not so high then, even if the % rate was 102. First-home buyers could still buy.

        The percentage system has also widened the gap between rich and poor, because of the way compound interest works on wages/salaries. The rich get richer.

  11. Michelle 11

    If the gnats are so good how come I see beggars I haven’t seen before and how come I see homelessness I haven’t seen before. Where have you been living? sounds like a dream world the one with the brighter future we were all promised you really are a dreamer if you believe all that spin

  12. Nick Goodall 12

    Hi MICKYSAVAGE

    Your interpretation of the QV House Price is incorrect. The Reserve Bank have a good explanation of it here http://www.rbnz.govt.nz/statistics/key-graphs/qv-quarterly-house-price-index, however feel free to directly get in touch if you’d like to understand it properly.

    Cheers

    Nick

Recent Comments

Recent Posts

  • Startup Advisors Council appointed
    The Government has appointed a Startup Advisors’ Council to help identify and address the opportunities and challenges facing high growth start-up businesses, Research, Science, and Innovation Minister Megan Woods, and Economic and Regional Development Minister Stuart Nash have announced. “Startups are major contributors to the knowledge and innovation that we ...
    BeehiveBy beehive.govt.nz
    13 mins ago
  • Government targets innovation-led growth to turbo-charge business potential
    Hundreds of New Zealand companies are set to benefit from the launch of two new grants aimed at fuelling firms that want to innovate, Research, Science and Innovation Minister Megan Woods says. “This $250 million investment over the next four years is a sign of my commitment to some of ...
    BeehiveBy beehive.govt.nz
    16 mins ago
  • Budget 2022 bolsters legal aid, ensures continued access to justice
    New Zealand’s legal aid scheme will be significantly strengthened with further investment from Budget 2022, Minister of Justice Kris Faafoi announced today. “Budget 2022 will help around 93,000 more people be eligible for legal aid from January 2023, fulfilling our election promise to make improvements to our court system so ...
    BeehiveBy beehive.govt.nz
    1 hour ago
  • Rollout of cameras on fishing vessels to begin
    The Government has today confirmed key details of the nationwide rollout of cameras on commercial fishing vessels. Up to 300 inshore fishing vessels will be fitted with the technology by the end of 2024, providing independent, accurate information about fishing activity and better evidence for decision-making,” Oceans and Fisheries Minister ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Speech for TRENZ Hui 2022: “Ready to Welcome”
    It is my pleasure to be here at TRENZ 2022. This is an event that continues to facilitate connection, collaboration and engagement between our businesses and key overseas markets. The conversations that happen here will play a crucial role in shaping New Zealand’s tourism recovery. That’s why TRENZ remains such ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Boosting the Māori economy through Progressive Procurement
    Māori businesses will play a vital role to help lift whānau Māori aspirations and dreams for a better life, while reinforcing New Zealand’s economic security. A successful Progressive Procurement initiative to diversify government spend on goods and services and increase Māori business engagement with government procurement is getting a further ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Continuing to improve Māori employment outcomes through Cadetships
    The continued Budget 22 investment into the Cadetship programmes will ensure Māori thrive in the labour market, Minister for Māori Development Willie Jackson announced today. The Government will invest $25 million into the Cadetships programme, delivered by Te Puni Kōkiri. As the whole world struggles with rising inflation, the Government’s ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • NZ commits to enduring partnership with Solomon Islands
    Foreign Minister Nanaia Mahuta and Minister of Defence Peeni Henare today announced the extension of the New Zealand Defence Force (NZDF) deployment to Solomon Islands, as part of the Pacific-led Solomon Islands International Assistance Force (SIAF). “Aotearoa New Zealand and Solomon Islands have an enduring and long-standing partnership,” Nanaia Mahuta said. ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • NZ committed to enduring partnership with Solomon Islands
    Foreign Minister Nanaia Mahuta and Minister of Defence Peeni Henare today announced the extension of the New Zealand Defence Force (NZDF) deployment to Solomon Islands, as part of the Pacific-led Solomon Islands International Assistance Force (SIAF). “Aotearoa New Zealand and Solomon Islands have an enduring and long-standing partnership,” Nanaia Mahuta said. ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • New Zealand Country Statement to the Seventy-fifth World Health Assembly, Geneva
    Director-General, esteemed fellow Ministers, and colleagues, tēnā koutou katoa. Greetings to all. Aotearoa New Zealand is alarmed at the catastrophic and complex health crisis evolving in Ukraine. We reiterate our call for an immediate end to Russian hostilities against Ukraine. Chair, this 75th Session of the World Health Assembly comes at ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Passport fees to increase from 25 May
    As part of a regular review by the Department of Internal Affairs, the fees for New Zealand passports will increase slightly due to the decrease in demand caused by COVID-19. Internal Affairs Minister Jan Tinetti says that the Government has made every effort to keep the increase to a minimum ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Additional government support for Buller District flood recovery
    The Government is providing additional support to the Buller District Council to assist the recovery from the February 2022 floods, Minister for Emergency Management Kiri Allan announced today. “The Buller District has experienced two significant floods in short succession, resulting in significant impacts for the community and for Council to ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Government investment boosts coastal shipping in Aotearoa
    New Zealand is a step closer to a more resilient, competitive, and sustainable coastal shipping sector following the selection of preferred suppliers for new and enhanced coastal shipping services, Transport Minister Michael Wood has announced today.  “Coastal shipping is a small but important part of the New Zealand freight system, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech on RM Reform to the Thomson Reuters Environmental Law and Policy Conference: 24 May 2022
    Tēnā koutou katoa It’s a pleasure to speak to you today on how we are tracking with the resource management reforms. It is timely, given that in last week’s Budget the Government announced significant funding to ensure an efficient transition to the future resource management system. There is broad consensus ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Vision for Māori success in tertiary education takes another step
    Education Minister Chris Hipkins and Associate Education Minister Kelvin Davis have welcomed the release of a paper from independent advisory group, Taumata Aronui, outlining the group’s vision for Māori success in the tertiary education system. “Manu Kōkiri – Māori Success and Tertiary Education: Towards a Comprehensive Vision – is the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Whānau Resilience focuses on wāhine and rangatahi
    The best way to have economic security in New Zealand is by investing in wāhine and our rangatahi says Minister for Māori Development. Budget 2022, is allocating $28.5 million over the next two years to strengthen whānau resilience through developing leadership within key cohorts of whānau leaders, wāhine and rangatahi ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Increase in funding secures future for Whānau Ora
    Whānau Ora Commissioning Agencies will receive $166.5 million over four years to help whānau maintain and build their resilience as Aotearoa moves forward from COVID-19, Minister for Whānau Ora Peeni Henare announced today. “Whānau Ora Commissioning Agencies and partners will remain a key feature of the Government’s support for whānau ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt invests in sustainable food producer
    The development of sustainable, plant-based foods and meat alternatives is getting new government backing, with investment from a dedicated regional economic development fund. “The investment in Sustainable Foods Ltd  is part of a wider government strategy to develop a low-emissions, highly-skilled economy that responds to global demands,” said Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Zealand to stay at Orange for now
    With New Zealand expecting to see Omicron cases rise during the winter, the Orange setting remains appropriate for managing this stage of the outbreak, COVID-19 Response Minister Chris Hipkins said today. “While daily cases numbers have flattened nationally, they are again beginning to increase in the Northern region and hospitalisation ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Independent panel appointed to review electoral law
    Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts, aim to make election rules clearer and fairer, to build more trust in the system and better support people to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Board appointed for Auckland’s most transformational project
    Honourable Dame Fran Wilde will lead the board overseeing the design and construction of Auckland’s largest, most transformational project of a generation – Auckland Light Rail, which will connect hundreds of thousands of people across the city, Minister of Transport Michael Wood announced today. “Auckland Light Rail is New Zealand’s ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government continues record Māori Education investment
    Boost to Māori Medium property that will improve and redevelop kura, purchase land and build new facilities Scholarships and mentoring to grow and expand the Māori teaching workforce Funding to continue to grow the Māori language The Government’s commitment to the growth and development of te reo Māori has ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • PM attends Indo-Pacific Economic Framework talks ahead of US travel
    On the eve of Prime Minister Jacinda Ardern’s trade mission to the United States, New Zealand has joined with partner governments from across the Indo-Pacific region to begin the next phase of discussions towards an Indo-Pacific Economic Framework for Prosperity (IPEF). The Framework, initially proposed by US President Biden in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ to provide additional deployment to support Ukraine
    As part of New Zealand’s ongoing response to the war in Ukraine, New Zealand is providing further support and personnel to assist Ukraine to defend itself against Russia’s unprovoked and illegal invasion, Prime Minister Jacinda Ardern announced today. “We have been clear throughout Russia’s assault on Ukraine, that such a ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Stubbing out tobacco smuggling
    Budget 2022 is providing investment to crackdown on tobacco smuggling into New Zealand. “Customs has seen a significant increase in the smuggling of tobacco products into New Zealand over recent years,” Minister of Customs Meka Whaitiri says. This trend is also showing that tobacco smuggling operations are now often very ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Prime Minister to visit United States
    Prime Minister to lead trade mission to the United States this week to support export growth and the return of tourists post COVID-19. Business delegation to promote trade and tourism opportunities in New Zealand’s third largest export and visitor market Deliver Harvard University commencement address  Prime Minister Jacinda Ardern ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Prime Minister congratulates Anthony Albanese
    Prime Minister Jacinda Ardern has congratulated Anthony Albanese and the Australian Labor Party on winning the Australian Federal election, and has acknowledged outgoing Prime Minister Scott Morrison. "I spoke to Anthony Albanese early this morning as he was preparing to address his supporters. It was a warm conversation and I’m ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Poroporoaki: Dame Aroha Reriti-Crofts DNZM CBE JP
    Tiwhatiwha te pō, tiwhatiwha te ao. Tiwhatiwha te pō, tiwhatiwha te ao. Matariki Tapuapua, He roimata ua, he roimata tangata. He roimata e wairurutu nei, e wairurutu nei. Te Māreikura mārohirohi o Ihoa o ngā Mano, takoto Te ringa mākohakoha o Rongo, takoto. Te mātauranga o Tūāhuriri o Ngai Tahu ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Boost for tourism networks as borders open
    Three core networks within the tourism sector are receiving new investment to gear up for the return of international tourists and business travellers, as the country fully reconnects to the world. “Our wider tourism sector is on the way to recovery. As visitor numbers scale up, our established tourism networks ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Law changes passed stopping tax evasion on water-pipe tobacco
    The Minister of Customs has welcomed legislation being passed which will prevent millions of dollars in potential tax evasion on water-pipe tobacco products. The Customs and Excise (Tobacco Products) Amendment Act 2022 changes the way excise and excise-equivalent duty is calculated on these tobacco products. Water-pipe tobacco is also known ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government support for Levin community hit by tornado
    The Government is contributing $100,000 to a Mayoral Relief Fund to help the Levin community following this morning’s tornado, Minister for Emergency Management Kiri Allan says. “My thoughts are with everyone who has been impacted by severe weather events in Levin and across the country. “I know the tornado has ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Statement from the Quintet of Attorneys General in support of Prosecutor General Iryna Venediktova a...
    The Quintet of Attorneys General have issued the following statement of support for the Prosecutor General of Ukraine and investigations and prosecutions for crimes committed during the Russian invasion of Ukraine: “The Attorneys General of the United Kingdom, the United States of America, Australia, Canada, and New Zealand join in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Andrew Little Budget 2022 post-Budget health speech, Auckland, 20 May 2022
    Morena tatou katoa. Kua tae mai i runga i te kaupapa o te rā. Thank you all for being here today. Yesterday my colleague, the Minister of Finance Grant Robertson, delivered the Wellbeing Budget 2022 – for a secure future for New Zealand. I’m the Minister of Health, and this was ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt helps supermarket shoppers get a fair deal
    Urgent Budget night legislation to stop major supermarkets blocking competitors from accessing land for new stores has been introduced today, Minister of Commerce and Consumer Affairs Dr David Clark said. The Commerce (Grocery Sector Covenants) Amendment Bill amends the Commerce Act 1986, banning restrictive covenants on land, and exclusive covenants ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Prime Minister: Wellbeing Budget 2022 speech
    It is a pleasure to speak to this Budget. The 5th we have had the privilege of delivering, and in no less extraordinary circumstances.  Mr Speaker, the business and cycle of Government is, in some ways, no different to life itself. Navigating difficult times, while also making necessary progress. Dealing ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Future resource management system implementation funding
    Budget 2022 provides funding to implement the new resource management system, building on progress made since the reform was announced just over a year ago. The inadequate funding for the implementation of the Resource Management Act in 1992 almost guaranteed its failure. There was a lack of national direction about ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Funding certainty for quality public media
    The Government is substantially increasing the amount of funding for public media to ensure New Zealanders can continue to access quality local content and trusted news. “Our decision to create a new independent and future-focused public media entity is about achieving this objective, and we will support it with a ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Funding boost secures Defence capabilities
    $662.5 million to maintain existing defence capabilities NZDF lower-paid staff will receive a salary increase to help meet cost-of living pressures. Budget 2022 sees significant resources made available for the Defence Force to maintain existing defence capabilities as it looks to the future delivery of these new investments. “Since ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Budget 2022 supports resilient and sustainable cultural sector
    More than $185 million to help build a resilient cultural sector as it continues to adapt to the challenges coming out of COVID-19. Support cultural sector agencies to continue to offer their important services to New Zealanders. Strengthen support for Māori arts, culture and heritage. The Government is investing in a ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Minister of Finance: Wellbeing Budget 2022 Speech
    It is my great pleasure to present New Zealand’s fourth Wellbeing Budget. In each of this Government’s three previous Wellbeing Budgets we have not only considered the performance of our economy and finances, but also the wellbeing of our people, the health of our environment and the strength of our communities. In Budget ...
    BeehiveBy beehive.govt.nz
    7 days ago