National despairs as inflation rate drops

Written By: - Date published: 8:24 am, April 21st, 2023 - 36 comments
Categories: Economy, national, nicola willis - Tags:

Yesterday Statistics New Zealand dealt a rather large blow to National’s election chances when it announced that the latest rate of inflation was 6.7%, a significant drop below the previous rate.

You could hear the fear in Nicola Willis’s voice on Radio New Zealand this morning.  Instead of touring the country pretending to be concerned about poor people they may have to complain about something else.

The result is much lower than the predictions from most economists who were predicting inflation to be stable or increase.  You have to wonder about their predictive skills or the methods that they use.

And food inflation was the biggest contributor to the increase which is not surprising given the storms that battered the country recently.

The next result will be keenly watched by the parties.  If it lowers again it will blow an even bigger hole in National’s election prospects.

36 comments on “National despairs as inflation rate drops ”

  1. Cricklewood 1

    Not sure the headline number matters. When the basics, food, housing and utility costs are what most people really notice the news is far from good.

    Vegetable prices increased 22 percent in the 12 months to March 2023, while ready-to-eat food and milk, cheese and eggs increased 9.7 percent and 15 percent, respectively

    https://stats.govt.nz/news/annual-inflation-6-7-percent/#:~:text=The%20consumers%20price%20index%20increased,12%20months%20to%20December%202022.

    • Belladonna 1.1

      While the headlines and news coverage includes figures like an increase of $150 per week in the weekly household spend by next year – just to keep up with inflation – I don’t think that the ordinary Kiwi is going to be much influenced.

      “Debt servicing, food prices and transport costs are all set to contribute to households’ pain.
      Meanwhile, the recent floods and Cyclone Gabrielle are expected to keep inflation – already at 30-year highs – elevated, the report noted.
      ASB senior economist Mark Smith said household spending is likely to struggle in 2023 as household budgets get clobbered by rising costs.”

      [NZ Herald premium link]

      https://www.nzherald.co.nz/business/cost-of-living-weekly-household-budgets-to-rise-150-over-2023-asb/KGF6AMZZNNBOHD5DPZWFZXK3LY/

      [Archived copy]

      https://archive.ph/iSdAm

      The fact that inflation is not increasing quite as quickly, isn't something that really resonates with most people.

  2. Alan 2

    Micky has his Comical Ali hat on this morning

    • James Simpson 2.1

      Indeed.

      It takes a certain level of something eird, to think inflation at these levels is bad for the opposition.

      Labour strategists will be wanting to talk about anything but inflation and the cost of living in the next 6 months. This is not a good news story for them.

  3. Tony Veitch 3

    When your whole political policy programme is based on supposed failures by the government, and making vague, uncosted promises to do better, which is not backed by history, any improvement in the inflation figures is a looming catastrophe for the Natz and Act.

    Well done, Chippie and Grant.

  4. Ad 4

    It would be so easy to appreciate the National Party MPs if they were at the East Coast with shovels, hammers and nails helping to actually rebuild this country.

    National just don't know the meaning of work.

    • Adam Smith 4.1

      Isn't that when you watch your property portfolio increase in value year after year – and you don't even have to pay tax on the huge returns. Tax is only for the poor!

    • Sanctuary 4.2

      If National were a p[arty serious about governing & looking like a government in waitin, they'd be doing things like offering to make sure this legislation was passed before the house rises in August, whilst vowing to be even ttougher on crime.

    • alwyn 4.3

      Do you mean they should behave like the various Cabinet Ministers who turned up in Wairoa and promised to fix things after the cyclone?

      https://www.rnz.co.nz/news/national/486115/wairoa-residents-take-chance-to-appeal-to-pm-for-urgency-on-cyclone-aid

      Then, when the TV cameras were put away and work was required to install the bridge to re-open the road to Napier they vanished and nothing much seems to have happened. The Bailey bridge, which was supposed to be finished by the end of this month has just been put back till at least the end of next month.

      https://www.nzherald.co.nz/hawkes-bay-today/news/month-long-delay-stalls-bridge-opening-between-napier-and-wairoa/7TPXCMU6J5CQLNAII2Q4AWWVJM/

      Meanwhile Hipkins shoots off to Brisbane for the weekend. I wonder if he used Air Force 1?

      • Ad 4.3.1

        Would you like a list of the stuff that Labour has done as a result of Cyclone Gabrielle?

        The most morally vacuous thing one can do after a disaster is complain that there's more to be done.

        There's only one party doing the work. You know who it is.

        • alwyn 4.3.1.1

          "stuff that Labour has done".

          What do you mean when you say this? Are you counting things that the Labour MPs have done personally or do you mean things that Government employees have done? If it is the latter then I would assume that you would accept the claim that the National Party provided more than $100 billion of health care between 2009 and 2017 and Labour provided nothing. Zero, Zilch, nothing.

          If you mean something they did personally I would love to see the list.

  5. tsmithfield 5

    Bloody hell! I would hope inflation would be dropping after the rapid rises in interest rates lately.

    But, the thing is, most of the drop is due to lower import costs rather than inflation dropping in the internal economy. From the article:

    Food prices gained 11.3 percent in March on an annual basis, up from 11 percent in December. Construction costs also rose 11 percent in the year to March…

    Economic demand was still outpacing supply "and this continues to be reflected in persistently high domestic inflation", the RBNZ said in its April 5 monetary policy statement.

    So then, so far as bread and butter issues are concerned, inflation is still incredibly high.

    • Nic the NZer 5.1

      "I would hope inflation would be dropping after the rapid rises in interest rates lately"

      You should really disabuse yourself of this idea that central banks get to influence what their countries inflation rates are.

      https://billmitchell.org/blog/?p=60739

      "Inflation drops sharply in Australia but it is not the work of the RBA"

      • tsmithfield 5.1.1

        It works at least from a psychological perspective.

        That is, if people believe prices will fall tomorrow (say due to RB intervention) they will likely hold off purchasing today because it might be cheaper tomorrow. Hence, demand drops, and prices in accordance with that.

        The reverse is true in an inflationary environment. If people think it will be more expensive tomorrow, they tend to buy today to get the best price.

        So you could be right about inflation moving independently of RB action. It is more about consumer beliefs, and they may have other reasons, unrelated to RB actions that cause them to hold those expectations.

        • Nic the NZer 5.1.1.1

          What your claiming to happen clearly needs to show up in the data. Should people 'hold off purchasing today' then the consumption (and likely investment) components of GDP will fall. Basically on an empirical level such a simple model just doesn't have a good record of prediction.

          On the other hand, since I know way too much about this stuff, this doesn't work theoretically either. Consider the work of Piero Sraffa who derived a new class of models of the economy based on classes of products. See here under Production of Commodities by means of Commodities.

          https://en.wikipedia.org/wiki/Piero_Sraffa

          One of the main fall outs was that there is no single appropriate interest rate for the central bank to target which could determine the inflation rate. Every interest rate choice represents a trade off favoring some kind of production over another.

          A similar conclusion was drawn by more main stream economists later as well,

          https://en.wikipedia.org/wiki/Sonnenschein%E2%80%93Mantel%E2%80%93Debreu_theorem

          Essentially this says that if you have a bunch of agents who all obey the law of demand (they uniformly prefer to pay less for the same products), then their aggregate demand curve can still however be any shape at all.

          Both these results are true mathematically and just say that certain (widely proffered) economic ideas couldn't possibly be good descriptions of macro economic behavior.

          • tsmithfield 5.1.1.1.1

            I actually don't disagree with you too much.

            Interest rates are a very blunt and imprecise tool for the job, and likely to have as many unintended consequences as any benefits.

            Inflation from overseas tends to be what it is, so not much to do about that. The only benefit of raising interest rates in that respect is the dollar is likely to increase, thus making imports cheaper. Though, it doesn't seem to have happened this time.

            And, there are other non-interest rate factors that could be adjusted. For instance, immigration settings, and their effect on wages.

        • pat 5.1.1.2

          The problem (always) with debate about inflation is first to agree upon the definition.

  6. Lukas 6

    Tell me you didn’t read beyond the headline without telling me you didn’t ready beyond the headline- Mickey you go first.

    As others before me pointed out, the drop is in the imported. Domestic inflation remains and as Treasury pointed out earlier this week- Govt is partially at fault for this.

    • Nic the NZer 6.1

      Can you point me to stats NZ's separate domestic and imported inflation series? Thanks.

        • Nic the NZer 6.1.1.1

          Not quite. Stats NZ are unable to split them for the following reason,

          "Non-tradeable inflation measures final goods and services that do not face foreign competition and is an indicator of domestic demand and supply conditions. However, the inputs of these goods and services can be influenced by foreign competition."

          As you will observe tradeable and non-tradeable measures move in similar ways and that's because they are not actually independent of one another.

          • Phil 6.1.1.1.1

            …observe tradeable and non-tradeable measures move in similar ways and that's because they are not actually independent of one another.

            This is simply untrue.

            There has been a common sharp uptick in both tradeable and non-tradeable inflation rates over the last two years, but the longer term trends in T/NT inflation could not be more starkly different.

            From 1999 to 2020, NT inflation was very stable – the annual rate only once in that whole period moving outside a pretty narrow band between 1.5% and 5% annual inflation. From 2011 to 2020, it never left the 1.5% to 3.5% range.

            On the other hand, T inflation is much more volatile – ranging from +6.3% in 2008 to -2.4 in both 2004 and 2015. Over the same 2011 to 2020 period I mentioned with NT, T inflation fell (almost 7% in total) then flattened out.

            While I recognise (and as SNZ acknowledge), there are inevitably going to be common international economic pressures and drivers in T/NT inflation causes, the relative impact of those commonalities, and the transmission mechanisms that feed into how final consumer prices change, are very very different.

            • Nic the NZer 6.1.1.1.1.1

              "There has been a common sharp uptick in both tradeable and non-tradeable inflation rates over the last two years"

              This is what I described. In statistics, two variables are not independent when they share some common component in common. They are only really independent when they share no common components.

    • mickysavage 6.2

      As Nic said the split between the two is not a clean one.

      Besides as I mentioned food inflation was the biggest contributor to the increase which is not surprising given the storms that battered the country recently.

    • Peter 6.3

      It doesn't matter where it comes from or what it all actually means, the bald information is the latest rate of inflation is 6.7%.

      I assume that's according to the normal way of reporting things. People will make of it what they will.

      I know it's bad news for those who want the country to do poorly. I know it's bad news for those who want it to be said that New Zealand is the worst country in the world and the worst performing country in the world. I knew I'd see people saying "the data is wrong."

      It must be interesting going through life wanting the worst to befall one's own country. I am certain there are many who are still in a post-covid despondency and gloom that there wasn't real carnage so they could say the Government (and Ms Ardern in particular) were wrong and that they knew better. The Hosking "You don't know what you're doing, you've got it all wrong, we know what you should be doing" mob.

    • Incognito 6.4

      Govt is partially at fault for this.

      Yes, you’re partially correct.

      The lower-than-predicted inflationary figure meant Robertson would come under less pressure to slash spending, he [Craig Renney, an economist and director of policy at the Council of Trade Unions and Robertson’s former political adviser] said.

      As much as 25% of non-tradable inflation, which includes goods and services that do not face foreign competition, was caused by the increase in tobacco taxation, he said, not by the Government’s spending too much money.

      https://www.stuff.co.nz/national/politics/131823209/homeowners-with-mortgages-families-on-low-incomes-worst-hit-as-costs-rise

  7. AB 7

    Interesting how the lines on that graph all follow such similar tracks. It seems that the NZ government wastefully spending too much on consultants has had a truly global effect! Thanks for pointing that out Nicola.

  8. Mike the Lefty 8

    Food inflation will continue to be a major problem whilst Labour pussyfoots around the Commerce Commission's recommendations on supermarkets.

    A national chain of government-owned small-medium sized basic foodmarkets (something along the line of the old Write Price model) would be a good start.

    But it ain't gonna happen, I suspect.

    • Christopher Randal 8.1

      Nationwide chains of supermarkets, service stations and Kiwibank with a Government guarantee and regulated prices for telecoms and electricity

  9. Grumpy 9

    Unfortunately the NZ media will not give the true situation. Time, then, to look at reputable overseas reporting…..

    https://www.theguardian.com/world/datablog/ng-interactive/2023/apr/19/food-costs-soar-in-new-zealand-see-how-prices-have-changed-with-this-interactive-chart

  10. Corey 10

    You better tell Adrian Orr this because he's hellbent on engineering a recession and throwing tens of thousands of kiwis on dole.

    Im not sure the people whose fortnightly mortgage payments have gone up and are drowning thanks to Orr are going to take much notice in a quarterly inflation update that has inflation slightly lower than expected.

    I'm not sure kiwis whose cost of living prices for food and housing are crippling them are going to care that inflation went up by slightly less than predicted, unless they can eat the quarterly update.

    And considering only about 90 thousand people watch the news these days, I don't think most kiwis have seen the update unless it was broadcast on married at first sight.

    The people I've seen claiming that this quarterly update matters are the same people who were saying there was no cost of living crisis, so I don't think they are seeing the ground level state of the economy right now.

    New Zealanders are going to vote on how they feel and the mood of the country is pessimism, anger and bleakness. People think the country is falling apart, the healthcare system is third world, education is crumbling, groceries are skyrocketing, rents and mortgages are unbelievable and the vibe is that the govt is up to f all but social engineering and bureaucratic restructuring.

    When the mood of a nation is this bleak in an election year it's always a "throw the bums out" election.

    I hope national doesn't win because Acts economic policies scare me but a Labour/Green/Maori coalition scares me just as much on social policy.

    Whoever wins, kiwis are screwed.

    • pat 10.1

      That is a theme I hear increasingly…and the politicoes appear either blissfully unaware or terrified and silent.

      It does not bode well.

  11. aj 11

    "I don't know what to do about the depression, the inflation, the Russians, and the crime in the street "

  12. SPC 12

    Construction costs will decline with the new gib board factory.

    Petrol costs will go up with the tax back on in June.

    Food costs will not keep increasing as they have. We may have reached peak disparity of domestic price to export price (to reduce local sales so as to develop and sustain foreign markets) and domestic events (weather and eggs industry) were extreme.

    The RBG can use a higher OCR to reduce imported inflation (out compete Oz with a higher OCR) safe in the knowledge that the rising cost of mortgages is not counted in the CPI index.

    Labour shortages resulting in less efficient and more costly distribution will ease at some point.

Recent Comments

Recent Posts

  • Major investment in teacher supply through Budget 24
    Over the next four years, Budget 24 will support the training and recruitment of 1,500 teachers into the workforce, Education Minister Erica Stanford announced today. “To raise achievement and develop a world leading education system we’re investing nearly $53 million over four years to attract, train and retain our valued ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Joint statement on the New Zealand – Cook Islands Joint Ministerial Forum – 2024
    1.  New Zealand Deputy Prime Minister and Minister of Foreign Affairs Rt Hon Winston Peters; Minister of Health and Minister for Pacific Peoples Hon Dr Shane Reti; and Minister for Climate Change Hon Simon Watts hosted Cook Islands Minister of Foreign Affairs and Immigration Hon Tingika Elikana and Minister of Health Hon Vainetutai Rose Toki-Brown on 24 May ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Middle East, Africa deployments extended
    The Government has approved two-year extensions for four New Zealand Defence Force deployments to the Middle East and Africa, Defence Minister Judith Collins and Foreign Minister Winston Peters announced today. “These deployments are long-standing New Zealand commitments, which reflect our ongoing interest in promoting peace and stability, and making active ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Climate Change Commission Chair to retire
    The Climate Change Commission Chair, Dr Rod Carr, has confirmed his plans to retire at the end of his term later this year, Climate Change Minister Simon Watts says. “Prior to the election, Dr Carr advised me he would be retiring when his term concluded. Dr Rod Carr has led ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Inaugural Board of Integrity Sport & Recreation Commission announced
    Nine highly respected experts have been appointed to the inaugural board of the new Integrity Sport and Recreation Commission, Sport & Recreation Minister Chris Bishop says. “The Integrity Sport and Recreation Commission is a new independent Crown entity which was established under the Integrity Sport and Recreation Act last year, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • A balanced Foreign Affairs budget
    Foreign Minister Winston Peters confirmed today that Vote Foreign Affairs in Budget 2024 will balance two crucial priorities of the Coalition Government.    While Budget 2024 reflects the constrained fiscal environment, the Government also recognises the critical role MFAT plays in keeping New Zealanders safe and prosperous.    “Consistent with ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New social housing places to support families into homes
    New social housing funding in Budget 2024 will ensure the Government can continue supporting more families into warm, dry homes from July 2025, Housing Ministers Chris Bishop and Tama Potaka say. “Earlier this week I was proud to announce that Budget 2024 allocates $140 million to fund 1,500 new social ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand’s minerals future
    Introduction Today, we are sharing a red-letter occasion. A Blackball event on hallowed ground. Today  we underscore the importance of our mineral estate. A reminder that our natural resource sector has much to offer.  Such a contribution will not come to pass without investment.  However, more than money is needed. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government sets out vision for minerals future
    Increasing national and regional prosperity, providing the minerals needed for new technology and the clean energy transition, and doubling the value of minerals exports are the bold aims of the Government’s vision for the minerals sector. Resources Minister Shane Jones today launched a draft strategy for the minerals sector in ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government progresses Māori wards legislation
    The coalition Government’s legislation to restore the rights of communities to determine whether to introduce Māori wards has passed its first reading in Parliament, Local Government Minister Simeon Brown says. “Divisive changes introduced by the previous government denied local communities the ability to determine whether to establish Māori wards.” The ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • First RMA amendment Bill introduced to Parliament
    The coalition Government has today introduced legislation to slash the tangle of red and green tape throttling some of New Zealand’s key sectors, including farming, mining and other primary industries. RMA Reform Minister Chris Bishop says the Government is committed to  unlocking development and investment while ensuring the environment is ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government welcomes EPA decision
    The decision by Environmental Protection Authority (EPA) to approve the continued use of hydrogen cyanamide, known as Hi-Cane, has been welcomed by Environment Minister Penny Simmonds and Agriculture Minister Todd McClay.  “The EPA decision introduces appropriate environmental safeguards which will allow kiwifruit and other growers to use Hi-Cane responsibly,” Ms ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to Employers and Manufacturers Association: Relief for today, hope for tomorrow
    Kia ora, Ngā mihi nui ki a koutou kātoa Tāmaki Herenga Waka, Tāmaki Herenga tangata Ngā mihi ki ngā mana whenua o tēnei rohe Ngāti Whātua ō Ōrākei me nga iwi kātoa kua tae mai. Mauriora. Greetings everyone. Thank you to the EMA for hosting this event. Let me acknowledge ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government invests in 1,500 more social homes
    The coalition Government is investing in social housing for New Zealanders who are most in need of a warm dry home, Housing Minister Chris Bishop says. Budget 2024 will allocate $140 million in new funding for 1,500 new social housing places to be provided by Community Housing Providers (CHPs), not ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • $24 million boost for Gumboot Friday
    Thousands more young New Zealanders will have better access to mental health services as the Government delivers on its commitment to fund the Gumboot Friday initiative, says Deputy Prime Minister Winston Peters and Mental Health Minister Matt Doocey.  “Budget 2024 will provide $24 million over four years to contract the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Residential Tenancies Amendment Bill passes first reading
    The Coalition Government’s Residential Tenancies Amendment Bill, which will improve tenancy laws and help increase the supply of rental properties, has passed its first reading in Parliament says Housing Minister Chris Bishop. “The Bill proposes much-needed changes to the Residential Tenancies Act 1986 that will remove barriers to increasing private ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Montecassino Commemorative Address, Cassino War Cemetery
    Standing here in Cassino War Cemetery, among the graves looking up at the beautiful Abbey of Montecassino, it is hard to imagine the utter devastation left behind by the battles which ended here in May 1944. Hundreds of thousands of shells and bombs of every description left nothing but piled ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • First Reading – Repeal of Section 7AA of the Oranga Tamariki Act 1989
    I present a legislative statement on the Oranga Tamariki (Repeal of Section 7AA) Amendment Bill Mr. Speaker, I move that the Oranga Tamariki (Repeal of Section 7AA) Amendment Bill be now read a first time. I nominate the Social Services and Community Committee to consider the Bill. Thank you, Mr. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • First reading of 7AA’s repeal: progress for children
    The Bill to repeal Section 7AA of the Oranga Tamariki Act has had its first reading in Parliament today. The Bill reaffirms the Coalition Government’s commitment to the care and safety of children in care, says Minister for Children Karen Chhour.  “When I became the Minister for Children, I made ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • China Business Summit 2024
    Kia ora koutou, good morning, and zao shang hao. Thank you Fran for the opportunity to speak at the 2024 China Business Summit – it’s great to be here today. I’d also like to acknowledge: Simon Bridges - CEO of the Auckland Chamber of Commerce. His Excellency Ambassador - Wang ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Assisted depatures from New Caledonia
    Foreign Minister Winston Peters has confirmed a New Zealand Government plane will head to New Caledonia in the next hour in the first in a series of proposed flights to begin bringing New Zealanders home.    “New Zealanders in New Caledonia have faced a challenging few days - and bringing ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Assisted departures from New Caledonia
    Foreign Minister Winston Peters has confirmed a New Zealand Government plane will head to New Caledonia in the next hour in the first in a series of proposed flights to begin bringing New Zealanders home.  “New Zealanders in New Caledonia have faced a challenging few days - and bringing them ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government to rollout roadside drug testing
    The Coalition Government will introduce legislation this year that will enable roadside drug testing as part of our commitment to improve road safety and restore law and order, Transport Minister Simeon Brown says.  “Alcohol and drugs are the number one contributing factor in fatal road crashes in New Zealand. In ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Minister responds to review of Kāinga Ora
    The Government has announced a series of immediate actions in response to the independent review of Kāinga Ora – Homes and Communities, Housing Minister Chris Bishop says. “Kāinga Ora is a large and important Crown entity, with assets of $45 billion and over $2.5 billion of expenditure each year. It ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pseudoephedrine back on shelves
    Associate Health Minister David Seymour is pleased that Pseudoephedrine can now be purchased by the general public to protect them from winter illness, after the coalition government worked swiftly to change the law and oversaw a fast approval process by Medsafe. “Pharmacies are now putting the medicines back on their ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Zealand-China Business Summit
    Tēnā koutou katoa. Da jia hao.  Good morning everyone.   Prime Minister Luxon, your excellency, a great friend of New Zealand and my friend Ambassador Wang, Mayor of what he tells me is the best city in New Zealand, Wayne Brown, the highly respected Fran O’Sullivan, Champion of the Auckland business ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New measures to protect powerlines from trees
    Energy Minister Simeon Brown has announced that the Government will make it easier for lines firms to take action to remove vegetation from obstructing local powerlines. The change will ensure greater security of electricity supply in local communities, particularly during severe weather events.  “Trees or parts of trees falling on ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Wairarapa Moana ki Pouakani win top Māori dairy farming award
    Wairarapa Moana ki Pouakani were the top winners at this year’s Ahuwhenua Trophy awards recognising the best in Māori dairy farming. Māori Development Minister Tama Potaka announced the winners and congratulated runners-up, Whakatōhea Māori Trust Board, at an awards celebration also attended by Prime Minister Christopher Luxon and Finance Minister ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • DJ Fred Again – Assurance report received
    "On the 27th of March, I sought assurances from the Chief Executive, Department of Internal Affairs, that the Department’s correct processes and policies had been followed in regards to a passport application which received media attention,” says Minister of Internal Affairs Brooke van Velden.  “I raised my concerns after being ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • District Court Judges appointed
    Attorney-General Judith Collins has announced the appointment of three new District Court Judges, to replace Judges who have recently retired. Peter James Davey of Auckland has been appointed a District Court Judge with a jury jurisdiction to be based at Whangarei. Mr Davey initially started work as a law clerk/solicitor with ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Unions should put learning ahead of ideology
    Associate Education Minister David Seymour is calling on the Post Primary Teachers’ Association (PPTA) to put ideology to the side and focus on students’ learning, in reaction to the union holding paid teacher meetings across New Zealand about charter schools.     “The PPTA is disrupting schools up and down the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Craig Stobo appointed as chair of FMA
    Commerce and Consumer Affairs Minister Andrew Bayly today announced the appointment of Craig Stobo as the new chair of the Financial Markets Authority (FMA). Mr Stobo takes over from Mark Todd, whose term expired at the end of April. Mr Stobo’s appointment is for a five-year term. “The FMA plays ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Budget 2024 invests in lifeguards and coastguard
    Surf Life Saving New Zealand and Coastguard New Zealand will continue to be able to keep people safe in, on, and around the water following a funding boost of $63.644 million over four years, Transport Minister Simeon Brown and Associate Transport Minister Matt Doocey say. “Heading to the beach for ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand and Tuvalu reaffirm close relationship
    New Zealand and Tuvalu have reaffirmed their close relationship, Foreign Affairs Minister Winston Peters says.  “New Zealand is committed to working with Tuvalu on a shared vision of resilience, prosperity and security, in close concert with Australia,” says Mr Peters, who last visited Tuvalu in 2019.  “It is my pleasure ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand calls for calm, constructive dialogue in New Caledonia
    New Zealand is gravely concerned about the situation in New Caledonia, Foreign Minister Winston Peters says.  “The escalating situation and violent protests in Nouméa are of serious concern across the Pacific Islands region,” Mr Peters says.  “The immediate priority must be for all sides to take steps to de-escalate the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand welcomes Samoa Head of State
    Prime Minister Christopher Luxon met today with Samoa’s O le Ao o le Malo, Afioga Tuimalealiifano Vaaletoa Sualauvi II, who is making a State Visit to New Zealand. “His Highness and I reflected on our two countries’ extensive community links, with Samoan–New Zealanders contributing to all areas of our national ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Island Direct eligible for SuperGold Card funding
    Transport Minister Simeon Brown has announced that he has approved Waiheke Island ferry operator Island Direct to be eligible for SuperGold Card funding, paving the way for a commercial agreement to bring the operator into the scheme. “Island Direct started operating in November 2023, offering an additional option for people ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Further sanctions against Russia
    Foreign Minister Winston Peters today announced further sanctions on 28 individuals and 14 entities providing military and strategic support for Russia’s invasion of Ukraine.  “Russia is directly supported by its military-industrial complex in its illegal aggression against Ukraine, attacking its sovereignty and territorial integrity. New Zealand condemns all entities and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • One year on from Loafers Lodge
    A year on from the tragedy at Loafers Lodge, the Government is working hard to improve building fire safety, Building and Construction Minister Chris Penk says. “I want to share my sincere condolences with the families and friends of the victims on the anniversary of the tragic fire at Loafers ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Pre-Budget speech to Auckland Business Chamber
    Ka nui te mihi kia koutou. Kia ora and good afternoon, everyone. Thank you so much for having me here in the lead up to my Government’s first Budget. Before I get started can I acknowledge: Simon Bridges – Auckland Business Chamber CEO. Steve Jurkovich – Kiwibank CEO. Kids born ...
    BeehiveBy beehive.govt.nz
    2 weeks ago

Page generated in The Standard by Wordpress at 2024-05-26T12:02:50+00:00