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Rod Oram on the Brash report

Written By: - Date published: 9:00 am, December 7th, 2009 - 20 comments
Categories: articles, monetary policy - Tags:

All the arguments in one handy location – thank you Rod Oram, who in his SSTimes column says:

…All it [the report] can say is: we’re not sure what the problems are or what we can do about them. But much lower taxes, government spending and regulation will do the trick. It offers no evidence or modelling for its lazy conclusion. Instead it devotes, for example, more than 30 pages to regulation, 100 times the space it devotes to human capital and skills.

The taskforce is devoid of new insight or useful new recommendations because its chairman’s skills are so limited. Brash is a very macro economist and, worse, one who is often highly theoretical.

Nonetheless, he and his political colleagues have done us a great service. They have shown they have nothing useful to say to people trying to progress New Zealand. Instead, they have locked themselves in the Isolation Booth and thrown away the key.

I just wish that their arguments were stuck in that isolation booth, never to see the light of day again!

20 comments on “Rod Oram on the Brash report”

  1. Draco T Bastard 1

    Likewise, it makes no attempt to analyse the strategies of Australia’s businesses and government. Yet, we need to know what we’re chasing. Australia plans to be in the top five of the OECD by 2025.

    As a result, the report’s quality of analysis is appallingly low.

    It could be a clever undergraduate’s review of 1980s and 1990s economic literature. But it would get only a D because it is shallow and historic, rather than deep and current. This is particularly evident in the report’s attempt to explain why we are so far behind Australia in GDP per capita terms. It considers 15 factors, ranging from isolation from markets and commodity exports, to regulation and cost of capital. On 14 it decides that the differences between the two countries are immaterial.

    It does acknowledge a big gap on one investment and physical capital stock. It points out that our investment per worker in plant, equipment and technology is way behind. For every $100 invested per worker on average across OECD countries over the past 15 years, Australia spent $120 and we spent $70.

    This is no new insight.

    The IMF told us so seven years ago, this under investment explained almost all the per capita income gap and 75% of the labour productivity gap.

    The reason why were so far behind is because we took the race to the bottom that is the effect of the “free-market” reforms of the 1980s and 90s seriously.

    • Daveski 1.1

      That’s lazy analysis DTB

      The critical issues include:
      1. Britain joining the EEC in the early 1970’s and NZ not being prepared for this especially given our almost total reliance on this market
      2. The oil shocks in the mid 1970s
      3. Muldoon’s failed efforts

      To then blame NZ’s economic performance on what happened in the 1980’s and 90’s is a case of blaming the medicine not the underlying problems.

      However, a couple of areas where we have undoubtedly failed is the area of R&D and education – we don’t encourage our albeit largely small firms to invest in R&D nor do we ensure that the right skills are coming out of our handful of universities.

      • Bored 1.1.1

        You might want to consider that the medicine of the eighties did not cure the affliction, it actually got worse. Which in medical terms might indicate that the either the prescription was wrong, or the patient’s condition so moribund as to make treatment impossible.

        I can state that the Keynesian economics that underpinned the social consensus of the post war years was definitely broken by the end of Muldoon’s time, I remember it well, stagflation, export market problems, rising unemployment etc. Enter Roger and total deregulation, end result no improvement except for those closely associated to the finance sector, and a state sector fire sale that to this day exports resultant capital profits from monopolies, impoverishing us further. Classic failure, from both the Keynesians and the Chicago school.

        To argue for one school of failure versus the other school of failure strikes me as lazy analysis at best, blind faith and ignorance at worst.

        • Daveski 1.1.1.1

          Quite different things bored.

          To blame policies from the 1980s and 1990s to explain why we are so behind Oz ignores the economic and political realities of the 1970’s. We put our eggs (and dairy and wool) in the one basket and paid for it. Muldoon made things worse.

          But you can’t blame the policies of the 1980s and 1990s for what happened in the 1970s.

          • Bored 1.1.1.1.1

            You miss the point, the policies of the 80s and 90s did not improve on matters, they were as dismal a failure as the prior policies, except perhaps in the way they made the rich richer. To me the widening of the income gap between the haves and have nots was the defining characteristic of Chicago school policies, classic drip up economics.

      • Draco T Bastard 1.1.2

        You forgot to mention that the post war boom was collapsing and started to in the 1960s. The problem we had was that we went with policy from the 4th Labour government on that rewarded people for cutting spending. That is an inevitable effect of free-market policies as profit will be cut under competition. To boost falling profit wages, capital investment and R&D were cut forcing us to depend upon out of date technologies and agriculture to try and maintain our living standards. As these couldn’t cope with the demands made of them we borrowed instead.

        To bootstrap ourselves back up we need to stop borrowing and stop selling off our successful businesses and our resources to foreign ownership and start investing in ourselves.

        • Daveski 1.1.2.1

          Actually, the issue of a post war boom ending is a valid point altho with due respect supports my point that the major long term issue has our long standing focus on primary production.

          Brash himself made some valid comments that our size, level of resources etc aren’t an issue.

          • Draco T Bastard 1.1.2.1.1

            The problem I find with the ending of the post war boom is that it seems that no one got around to figuring out why it ended and, IMO, it’s fairly obvious why – it ran out of market. Huge productivity increases, rising wages and everybody got what they wanted. Unfortunately, especially for a market economy, once everyone has what they want they don’t need, or want, to continue shopping and there was no point in exporting because all the markets that were available couldn’t afford to pay. At that point, profit declined, loans couldn’t be repaid and the Keynesian aspect of debt fuelled economic policy couldn’t keep the economy going (stagflation).

            The market should have been allowed to slow down, working weeks dropping in hours so that repair and replacement could continue but that couldn’t be allowed to happen because most people live at subsistence level and on time wages so their very livelihoods would have been endangered. There would have been a revolution fairly quickly. On top of that, the wealthy would have lost a lot of money as loans were defaulted upon and, as it’s the wealthy that rule, that couldn’t be allowed to happen.

            We went through a decade of bad economic policy in the 1970s trying to shore up decreasing markets. Then we went into disastrous economic policy by trying to increase the size of the market by the free-market reforms 1980s by competing with countries that were poorer than us.

            Brash himself made some valid comments that our size, level of resources etc aren’t an issue.

            They are and aren’t. We have the resources needed to support ourselves but we’re to far away to compete effectively in the markets that we want to export to. On top of that, we’re sending a lot of the profits from the resources that we do use to foreign capital because we sold all the good stuff.

            • Zaphod Beeblebrox 1.1.2.1.1.1

              Why did the post-war boom end?

              How about lower govt spending in the US , UK and elsewhere, lower govt investment and increasing income disparities that began in the 1980s.

              The middle classes invest in consumer goods, services and manufactured products whereas the upper classes use the benefits of lower taxes to speculate on the share market, property and holidays which does little to encourage employment and so reduces the wages of the working and middle classes further.

              In the US especially decreasing levels of education (and increasing ghettoisation of the inner cities) contributed to rsising crime as well as lower national productivity.

              • Draco T Bastard

                No amount of government spending can maintain a market that is already saturated.

              • Quoth the Raven

                Zaphod – The post war boom ended in the early 1970s not the eighties. US government spending kept on increasing post war until the 90s not the eighties. Government spending actually rose under Reagan. Here’s a graph.

              • Bored

                Theres also a few extraneous issues that played to exascerbate the end of the post war boom. One primary factor was the cost of the Vietnam war and the resultant move by Nixon to break the international currency arrangements with a floating exchange rate. The merits can be argued but for small countries this has usually meant that their currencies become very vulnerable to speculation and exploitation.

              • Zaphod Beeblebrox

                True Quoth Reagan did not cut GDP spending like he said he would (he did cut taxes which had devastating effects on the current account), But what did he spend the money on- creating a new arms race.
                Government spending only helps the economy if it helps reduce social problems (like crime), helps educational outcomes (and worker productivity) and gives the middle class security to invest in educating their children and starting new businesses.
                Investing in the military and arms technology only really helps arms dealers and these living in the vicinity of military bases and arms factories- it does not have any long term benefits for the productive capacity of your economy.
                I see the beginning of the long decline coinciding with the decline of the the welfare state and the state as provider of infrastructure, education and health services This process did begin in the late 1960s when governments in the West started to invest in military technology which as the Cold War reached its peak.
                Meanwhile Japan and Germany did the opposite and started investing in education and technology, which coincided with the rise of their economies. Later the Scandinavian countries followed their lead.

        • prism 1.1.2.2

          DTB – Investing in ourselves. I thought that government was positive to an idea that I think Jim Anderton had about having venture capital funds to buy NZ businesses and keep them locally owned and here. That’s very roundabout but I haven’t heard much about it in recent times. I think one fund was to be called the Greenstone fund. Does anyone know what happened to this idea?

          Seems a good one. We could perhaps buy government bonds from central government suitable for ordinary citizens, or have local authority bonds that could help with infrastructure. I still like the idea of channelling some gst to the area where it was paid for this purpose.

  2. I disagree that such views should be “stuck in an isolation booth, never to see the light of day again”.

    While I totally disagree with the taskforce report, I think it is better for such views to be out in public so that they can be debated and discredited. I also think it is useful for the public to see what the agenda of the right is in this country and why it is so wrong on so many levels.

    I would like to see some compentators attack the whole concept of “closing the gap with Australia” though. Why has that become the measure against which we judge our success or failure?

    • r0b 2.1

      I would like to see some compentators attack the whole concept of “closing the gap with Australia’ though.

      Yes but not yet! National lived by that particular sword. Let them die by it. Then we can put it away.

    • Nick 2.2

      Because countries compete for people. It’s that simple. If all our people go to Australia we have no tax revenue; and therefore no public health, no public education and no nothing.

      Of course we can encourage immigration to stop the loss – you know Somali refugees and Iraqi taxi drivers.

      • felix 2.2.1

        Can you please go back to the other thread and reply to my question before you get banned for where you’ll inevitably take this one?

      • snoozer 2.2.2

        That Aussie report last week showed that it’s people from low skill jobs that go to aussie. If we want to keep them, we need to increase wages at the bottom end, not cut taxes at the top.

      • prism 2.2.3

        Somali and Iraqi would probably work just as hard as NZs, harder even. Not all Somalis will go over the top and attack someone. The woman who did that well you don’t know if she saw her parents murdered at age 5 and was raped at age 8 etc. I was just reading about Russians who managed to escape the great death and men became chauffeurs though they were better trained, linguists etc.

        NZs have been going over to Oz for ages and nothing will stop them except closed borders. The opportunities will always seem better over there because they have a bigger population. They would have the same opportunities per 1000 people as we do but there are just more people. Also our highly trained people can’t always get jobs to use their expertise, or companies are not willing to offer decent pay or permanent tenure.

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    No Right TurnBy Idiot/Savant
    1 week ago
  • Living within our means.
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  • Transparency and the pandemic
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    No Right TurnBy Idiot/Savant
    1 week ago
  • ‘Overjoyed’: a leading health expert on New Zealand’s coronavirus shutdown, and the challengin...
    Michael Baker, University of Otago Overjoyed. That’s not a word epidemiologists normally use, but that’s how I felt after hearing Prime Minister Jacinda Ardern’s announcement about New Zealand’s COVID-19 shutdown of everything except essential services for at least four weeks from midnight on Wednesday. More than anything, I just ...
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    1 week ago
  • One way to solve the housing crisis
    How much homelessness is caused by house hoarding? We're about to find out. The pandemic has destroyed tourism, which means that house hoarders who put their hoarded properties up as short-term tourist rentals are now offering them on the ordinary rental market:Property investors are pulling properties from Airbnb to offer ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The pros and cons of planting trees to address global warming
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  • Not a grand coalition, but a government of national salvation
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    1 week ago
  • Raise the Bar: hospitality workers & wage subsidy entitlements
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  • Lifting our game against COVID-19
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    1 week ago
  • The maths and ethics of minimising COVID-19 deaths in NZ
    Prof Tony Blakely, Prof Michael Baker, and Prof Nick Wilson The NZ Government must do more to clearly articulate its COVID-19 strategy: eradication or ‘flattening the curve’ mitigation. But to do so means understanding the maths and ethics of both these strategies. In this blog, we adapt our work for ...
    SciBlogsBy Public Health Expert
    1 week ago
  • All aboard the Covid Train
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    1 week ago
  • 2020 SkS Weekly Climate Change & Global Warming Digest #12
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  • We are all socialists now
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    No Right TurnBy Idiot/Savant
    1 week ago
  • A plea to experts: safeguard your role in public life
    I am a pundit, somebody who opines and comments on the news. There are no real qualifications to punditry though having a rudimentary way with words and good general knowledge helps. That is one reason there is a constant oversupply of would-be pundits and why it is quite hard to ...
    PunditBy Liam Hehir
    1 week ago
  • Enlightenment when?
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  • What the Crisis Can teach Us
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    2 weeks ago
  • Hammering home measures to stop COVID-19
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    PunditBy Andrew Geddis
    2 weeks ago
  • What does ‘level two’ mean – and why does it matter?
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    SciBlogsBy Siouxsie Wiles
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  • Is the Guardian becoming  a real newspaper again?
    by Jan Rivers The article has been corrected to show that it was Ewen MacAskill, former Guardian journalist and not Luke Harding who travelled to meet Edward Snowden with journalist Glenn Greenwald and filmmaker Laura Poitras.  Some of the Guardian’s well-known journalists who did not sign the protest letter are ...
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  • Politics, the possible, and the pandemic
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    No Right TurnBy Idiot/Savant
    2 weeks ago

  • Business Finance Guarantee – applications open
    Businesses can start applying to their banks for loans under the Business Finance Guarantee Scheme set up to support the New Zealand economy during the COVID-19 pandemic. “We’re moving quickly to protect New Zealand businesses, jobs and the economy during this unprecedented global economic shock,” Finance Minister Grant Robertson said. ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Work starts on ways to fast-track consents to boost recovery from Covid-19 downturn
    Work is underway looking at measures to speed up consents for development and infrastructure projects during the recovery from COVID 19, to provide jobs and stimulate our economy.  Environment Minister David Parker said the COVID-19 pandemic is a serious global crisis that will have a wide ranging and lasting impact ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Advance payments to support contractors
    Advance payments will be made to transport construction industry contractors to retain the workforce and ensure it is ready to quickly gear up to build projects which will be vital to New Zealand’s COVID-19 economic recovery, Transport Minister Phil Twyford announced today. He said keeping the workforce required to build ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Government seeks infrastructure projects
    The Government has tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to reduce the economic impact of the COVID-19 pandemic, Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones say. The Infrastructure ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Health system scaled up to prepare for COVID-19
    Work to scale up the health system in preparation for COVID-19 was today outlined by Health Minister David Clark, as he reported back to the new Epidemic Response Committee. “We are well placed to contain the spread of COVID-19. We have taken early and decisive action at our borders, and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Essential media COVID-19 guidelines refined
    The Government is refining its COVID-19 essential business guidance to include the distribution of news publications for communities which are hard to reach. The Minister of Broadcasting, Communications and Digital Media, Kris Faafoi, said the move was in recognition of the importance for New Zealanders who might be harder to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New Zealand defence personnel conclude mission at Taji
    Following the successful conclusion of the Building Partner Capacity (BPC) mission at Taji, New Zealand defence personnel are returning to New Zealand from Iraq, in accordance with the Cabinet decision made in June 2019, Foreign Affairs Minister Winston Peters and Defence Minister Ron Mark announced today. “New Zealand is very ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • State of National Emergency extended
    The State of National Emergency to help stop the spread of COVID-19 has been extended for a further seven days, Minister of Civil Defence Peeni Henare said. The initial declaration on March 25 lasted seven days and can be extended as many times as necessary. “Since we went into isolation ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Strong Govt books support ‘go hard, go early’ response
    New Zealand’s ability to go hard and go early in the fight against COVID-19 has been underpinned by strong Government finances and the growing economy heading into this global pandemic, Finance Minister Grant Robertson says. The Treasury today released the Crown financial statements for the eight months to the end ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Christchurch Hospital Hagley ICU to open to support COVID-19 response
    Health Minister Dr David Clark says 36 new intensive care beds at Christchurch Hospital’s new Hagley building are being fast tracked so they are available for treatment of COVID-19 patients.   The Ministry of Health is working with contractor CPB and Canterbury DHB to enable access to the hospital’s ICU, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government supports Air NZ freight flights
    The Government has fast-tracked up to $1 million to help Air New Zealand move urgent freight to and from New Zealand, with the first flight to Shanghai leaving tonight, Transport Minister Phil Twyford announced today. Phil Twyford says it’s crucial that trade in vital goods such as medical supplies and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Tariff concessions on COVID-19 related products
    New Zealand will temporarily remove tariffs on all medical and hygiene imports needed for the COVID-19 response. Trade and Export Growth Minister David Parker and Commerce and Consumer Affairs Minister Kris Faafoi said today that the New Zealand Customs Service will apply tariff concessions to all diagnostic reagents and testing ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Clarification of modification to wage subsidy scheme
    Minister of Finance Grant Robertson has clarified that the changes to the wage subsidy scheme announced yesterday mean that employers should be passing on the full subsidy to workers, except in the case where the person’s normal income is less than the level of the subsidy. “We still want employers ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Face masks flowing to DHBs
    Medical face masks from the national reserve supply are now being distributed to District Health Boards, while at the same time local production is being ramped up. Yesterday more than 640,000 masks were sent to DHBS – that is an immediate two week supply, with more to follow in coming ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • COVID-19: Further steps to protect New Zealanders’ jobs
    The Government has made modifications to the wage subsidy scheme to ensure people don’t lose their jobs during the national lockdown. These changes will soften the impact of COVID-19 on workers, families and businesses, and position them to exit the lockdown and look to recovery, Finance Minister Grant Robertson says. ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Tax relief for Mycoplasma Bovis farmers
    Farmers whose herds were culled in response to the outbreak of Mycoplasma bovis will be able to minimise the tax treatment of their income in some circumstances. Revenue Minister Stuart Nash says Cabinet has agreed to change the law. It means farmers may be eligible to spread their income over ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • $27 million for NGOs and community groups to continue providing essential services
    A $27 million dollar package, effective immediately, is being provided to social sector services and community groups to ensure they can continue to provide essential support to communities as we stay at home as a nation to stop the spread of COVID-19, Minister for Social Development Carmel Sepuloni announced. “At ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Statement on guilty plea of March 15 terrorist
    “The guilty plea today will provide some relief to the many people whose lives were shattered by what happened on March 15,” Prime Minister Jacinda Ardern said. “These guilty pleas and conviction bring accountability for what happened and also save the families who lost loved ones, those who were injured, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • COVID-19 updates
    The Prime Minister is holding daily press conferences to update New Zealanders on the Government's response to COVID-19. Links to videos and transcripts of these updates below. These transcripts also include All of Government press conferences led by Director Ministry of Health's Director-General of Health Dr Ashley Bloomfield. 25 March: Live update from the Prime ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Police numbers break through 10,000 mark
    Frontline Police numbers have broken through the 10,000 mark for the first time in history as officers step forward to keep the community safe during the COVID19 lockdown. “Two Police graduations in Auckland and Wellington in the past week have been conducted in unprecedented circumstances,” Police Minister Stuart Nash said. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Urgent tax measures for economic recovery
    Urgent legislation has been passed to support the package of economic and social measures needed to recover from the impact of the coronavirus outbreak. “The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill will cushion New Zealanders from the worst economic impacts of the COVID-19 outbreak,” said Revenue Minister ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Further support for farmers and growers as drought persists
    From tomorrow, Government support for farmers and growers affected by drought will be expanded and extended across the country, with access to Rural Assistance Payments (RAPS) available throughout the North Island, parts of the South Island and the Chatham Islands, Social Development Minister Carmel Sepuloni announced. “These challenging conditions have ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Temporary changes to Education Act
    Parliament has passed amendments to legislation that give the Secretary of Education stronger powers to act in the fight to limit the spread of COVID-19, Education Minister Chris Hipkins said today. “They are part of a suite of changes passed under the COVID-19 Response (Urgent Management Measures) Legislation Bill,” Chris ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Canada, Australia, Chile, Brunei and Myanmar join NZ and Singapore in committing to keeping supply a...
    Canada, Australia, Chile, Brunei and Myanmar have joined forces with New Zealand and Singapore by committing to keep supply chains open and remove any existing trade restrictive measures on essential goods, especially medical supplies, in the face of the Covid-19 crisis.  Trade and Export Growth Minister David Parker today welcomed ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Rent increase freeze and more protection for tenants
    Immediate freeze on rent increases Tenancies will not be terminated during the lock-down period, unless the parties agree, or in limited circumstances Tenants who had previously given notice can stay in their if they need to stay in the tenancy during the lock-down period Tenants will still be able to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Working together to protect businesses and workers
    As New Zealand unites to lock-down in the fight against COVID-19, the Finance Minister is urging all businesses and workers to stay connected over the next four weeks. “We understand the extreme pressure many businesses are under right now. I know most business owners think of their workers as family ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • State of National Emergency declared to fight COVID-19
    A State of National Emergency has been declared across the country as the Government pulls out all the stops to curtail the spread of COVID-19. “Today we put in place our country’s second ever State of National Emergency as we fight a global pandemic, save New Zealanders’ lives and prevent ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister’s statement on State of National Emergency and Epidemic Notice
    Mr Speaker I wish to make a Ministerial Statement under Standing Order 347 in relation to the recent declaration of a State of National Emergency. Having considered the advice of the Director Civil Defence Emergency Management, the Minister of Civil Defence declared a State of National Emergency for the whole of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Deadline for domestic travel extended
    People needing to travel on domestic flights, trains and Cook Strait ferries to get home before the country moves into level 4 lock-down tomorrow night will be able to continue using the passenger services until midnight on Friday, Transport Minister Phil Twyford said today. Domestic passenger services, particularly ferries, have ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Mortgage holiday and business finance support schemes to cushion COVID impacts
    The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19. The package will include a six month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government working to keep air freight moving
    Minister of Transport Phil Twyford has today announced details of the Government’s support package to keep key air freight moving and ensure New Zealanders retain access to essential goods during the four-week level 4 lockdown. “The Government is working with airlines and air freight operators to ensure New Zealand’s key ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand moves to COVID-19 Alert Level 3, then Level 4 in 48 hours
    New Zealand moved up to COVID-19 Alert Level 3 – Restrict New Zealand to move up to COVID-19 Alert Level 4 – Eliminate, in 48 hours Two-staged approach to give people and businesses time to prepare  Level 3, from tomorrow Non-essential businesses must close All events and gatherings must be ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister: COVID-19 Alert Level increased
    Good afternoon  The Cabinet met this morning to discuss our next actions in the fight against COVID-19.  Like the rest of the world, we are facing the potential for devastating impacts from this virus. But, through decisive action, and through working together, do we have a small window to get ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt takes significant economic decisions as NZ readies for Alert Level 4 in COVID-19 fight
    The Government is announcing significant further support for the economy, workers and businesses as the country unites to prepare for Alert Level 4 in the fight against COVID-19. Cabinet today agreed to remove the cap on the Government’s wage subsidy scheme, which will inject a further $4 billion into the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt backs RBNZ move to support economy with lower interest rates
    The Government is backing the Reserve Bank’s latest action to support the economy by reducing longer-term interest rates, meaning lower costs for businesses and mortgage holders, and a lower currency to help our exporters. The Minister of Finance has signed a memorandum of understanding and a letter of indemnity with ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government statement on commercial cooperation during COVID-19
    The Government has asked the Commerce Commission to take account of the exceptional circumstances created by COVID-19 when monitoring business behaviour in coming weeks.   “The purpose of my request to the Commerce Commission is to make sure businesses can work together in ways that will allow them to provide ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand temporarily closes diplomatic posts in Barbados and Myanmar due to COVID-19
    The New Zealand Government has temporarily closed its High Commission in Bridgetown, Barbados and its Embassy in Yangon, Myanmar due to the COVID-19 pandemic, Foreign Minister Winston Peters says.   “Due to the increasing scarcity of air links in and out of Bridgetown and Yangon, and the pressure COVID-19 is placing ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Supporting Māori communities and businesses through
    Associate Health and Whānau Ora Minister Peeni Henare has today announced the Government’s plan to support Māori communities and businesses in the face of COVID-19. “Our Government’s $12.1 billion economic package will help many Māori whānau, workers and businesses, whether it’s through wage subsidies, income support and worker redeployment, or ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Guidelines for hospitality establishments released
    The Government and the hospitality industry have worked together to produce guidelines to assist with managing and reducing transmission of COVID-19, Health Minister David Clark announced today.  The guidelines developed between the Government, Hospitality New Zealand and SkyCity Entertainment Group, set out how the new restrictions on physical distancing and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Nation steps up to COVID-19 Alert Level 2
    Four stage Alert System for COVID-19 announced New Zealand moved up to COVID-19 Alert Level 2 – Reduce Contact New Zealanders over 70 and those with certain medical conditions told to stay at home as much as they can to reduce risk of contact with the virus Workplaces to implement ...
    BeehiveBy beehive.govt.nz
    2 weeks ago