web analytics

The main risk to New Zealand according to John Key

Written By: - Date published: 9:15 am, October 6th, 2016 - 59 comments
Categories: Economy, housing, john key, national, the praiseworthy and the pitiful - Tags:

Over the weekend, some good friends of mine had their house go to auction, and it went for well over $2 million. Foreign Chinese buyer, and welcome to the neighbourhood. This in a suburb where that price hadn’t happened before.

A day earlier, the Chinese currency had been deemed to be a global reserve currency. This means analysts will be able to advise money traders the world over about how different economies should be valued.

The two points converge on the brittleness of New Zealand’s economy. And our Prime Minister gets that. Since he’s come back from New York, he’s got a sharper sense of how major external threats can throw our economy totally off track. Even with growth and activity as it is.

Quoted by Fran O’Sullivan in the NZHerald, he says:

Almost every recession we’ve had is driven by real interest rates going up. This is the big risk.”

You just heard our PM offer the word “recession” unbidden, in the middle of high growth. Risk: interest rates.

He clarified that was very unlikely at the moment.

We really are bucking the international trend. We are still at two per cent base rates. Inflation is running incredibly low. There is fundamentally no pressure on the Reserve Bank to raise rates.”

All good apparently. Then there’s the risk of something big internationally.

The risk is a really unforeseen increase in inflation because in all the discussions I’ve had it is not at all clear these central banks have an idea of how they will get on top of this carry trade. Because all of a sudden money will be pouring the other way in really quite a significant way.”

He’s talking Japan’s central bank.

And the reason we should listen there, is because he’s extremely experienced in this area.

Apparently he said, to a Westpac audience:

We are just in so much better shape. We can spend money if we want to. We are back in surplus we can cut interest rates if the Reserve Bank wanted to. And we are not printing money and we have no intentions of doing that.”

While he also said a bunch of stuff about the U.S. elections, let’s pass on that for a moment. He’s flagging a massive risk. China and Japan hold up the world’s economy, and Japan’s bank has run out of options, and no one knows the truth about China.

Times like this, looking out over the risk-bomb called Auckland from my house, make me think about the letters the IMF and Muldoon exchanged in the late 1970s. Or the housing markets and sharemarkets 1988. If by some miracle our housing market cools steadily, we will have avoided real social chaos.

If only we had a Prime Minister who could do more than point out the risks.

59 comments on “The main risk to New Zealand according to John Key ”

  1. Richard Rawshark 1

    nice post advantage, he did more than point out the risks though it says he said we were in a good position if shit hit the fan so to speak.

    He’d better be right,

    I cannot see many new home owners who just scraped a mortgage for their first home surviving much of a interest rates hike.

    again it will be those who suffer, not me, i’m old enough to have quite a low mortgage to pay.

    It’s a cycle I am perplexed by, in a rapidly rising housing market people panic they will never get into the market, but on analysis of any depth, the market rises due to available money, low interest etc, well these things change and markets do and can crash. You need to move, no ones buying, interest rates are to high, what happens you end up losing thousands.

    Buy low, sell high, why oh why are they all buying up over priced homes believing the rising market to be infallible?

    • Leftie 1.1

      “he said we were in a good position if shit hit the fan so to speak.”

      John key is a liar.

      • Michelle 1.1.1

        he has said a lot o f things many are not true we cant trust this man he is all about the 1%

        • Leftie

          Exactly, Michelle.

        • Naki man

          “he has said a lot o f things many are not true we cant trust this man he is all about the 1%”

          Can you not see how stupid that comment is??
          Someone who is all about the 1% and yet nearly half the voters vote for his party.
          Quite clearly rational thinking and logic are not your strong point.

          • UncookedSelachimorpha

            Doesn’t seem stupid to me. A reasonable explanation for your observation is that the 1% are successfully manipulating public opinion and the electoral process.

            Have you noticed who owns much of the media (rich people) and who makes the largest donations to political parties (rich people)?

      • Richard Rawshark 1.1.2

        He has to say it, to show concern or even alarm in the slightest can send currencies and markets into spins, these guys are super careful what they say around money…, kids in poverty easier to count rats, or similar he recently wisecracked, he would never off the cuff remark like that over currency.

      • Rae 1.1.3

        That is the royal “we” and the position he is in if the shit hits the fan is behind it.

  2. AmaKiwi 2

    @ Richard Rawshark

    “why are they all buying up over priced homes”

    They are laundering dirty money. Here’s why:

    A new international exchange of banking information law is going into effect very soon. It will enable tax authorities in one country, for example China, to ask all the NZ banks if Chinese Citizen named XYZ has an account here. If the answer is “yes, XYZ has $100 million in NZ bank ABC”, Chinese citizen XYZ is going to have to show how they got that money and why they haven’t declared it on their Chinese income returns.

    How can Chinese or Russian or Indonesian citizen XYZ avoid going to jail for tax evasion? They must get rid of all their cash immediately, before the exchange of tax information law goes into effect. That can only be done by converting their $100 million into something not covered by the new law such as real estate.

    Foreign buyers don’t care what the house price is. It’s better for them to lose some money buying overpriced real estate than to go to jail and lose everything.

    • RedLogix 2.1

      Foreign buyers don’t care what the house price is Precisely.

      Nice post Ad. Doesn’t underestimate John Key.

    • Ad 2.2

      It may well be we are a tax efficient haven. That sits uneasy.

      But on the other hand there are very few multi-millionaires anywhere who are pure as the driven snow.

      I like the idea of requiring foreigners to buy new builds only. I worry that banning all foreign property ownership will decrease scarce local capital and require even heavier reliance on banks for our capital.

      There’s a whole Vancouver parallel story to be told, I’m sure.

      • AmaKiwi 2.2.1

        @ Ad

        I’m not sure what you mean by “a tax efficient haven.”

        What I do know is that the undeclared money is racing against a fast approaching deadline. Once these tax evading multi- millionaires have emptied their bank accounts, the party is over for anyone trying to sell real estate.

        Translation: Very soon there will be a global real estate crash.

      • dukeofurl 2.2.2

        It used to make me curious why the gift tax was removed completely a little wahile back.
        Now its clear, the foreign trusts have to have a means of moving money from a so called independent entity to the person who really controls each trust.
        Gifts are they way its done, and they can claim that ‘all taxes are paid’ in the place the trusts are set up (zero)- which is why they had to remove our tax on gifts.
        It helps locals too who gift money from family trusts as well. Win Win all round

        • AmaKiwi


          Absolutely correct.

          It was one of the first things Key did when he came to power. I’ll bet NZ rich listers sent hundreds of millions into overseas family trusts.

          • reason

            100+ Amakiwi & dukeofurl

            When you look at Keys actions through the Lens of knowledge brought into partial focus for the mainstream by the Panama papers…..then the systematic tax haven building and facilitation activities of John Key stands out like dogs balls ………….

            ” John Key gets a gleam in his eye when he starts talking about New Zealand becoming the “Jersey of the South Pacific”.

            The endless paper trail ( or internet trail ) showing step by step our path into being part of a international financial criminal ring is there to see ….. but until the Pananma papers had either been misreported, ignored or under-reported by our media….. leading people to be very misinformed and confused as to why tax haven building John was singled out for special mention by the mossack whistle blower who leaked their finacial crimes …

            Past examples of non or controlled reporting would be John Keys personal bail out ….. and how many millions in charity he received when the american pension funds and taxpayers saved Merrill lynch and keys investment from going bankrupt …. The story behind his bank of america shares and the GFC was never reported …

            Another past example is John Shewan and the aussie banks $2.2 billion tax vehicle getaway crash was never reported as front page or leading news …. most new zealanders are unaware it even happened …. $2.2 Billion non-event

            Recent reporting of mossack fonseca seems to be designed to non-inform with basic information like who are the three biggest firms ahead of mossack in the tax haven business not presented ………….

            Statements are made such as ‘no smoking gun’ ….. while all around Keys lawyer mate and other things are burning like aussie bush fires


            ” a contentious exemption of professional services firms – mostly lawyers, accountants and real estate agents – from being covered by anti-money laundering laws passed in 2009.”


            The biggest threat to Key is honest reporting and the truth becoming common knowledge ……

            The biggest threat to New Zealand is more of Key ….. not to mention the poor and children in other countries he is helping to hurt

            The mans more dangerous than a hawkes bay river ………… and twice as dirty 😉

          • UncookedSelachimorpha

            This change got almost no analysis or coverage. Also helpful for rich people transferring money within NZ – e.g. John Key giving Max his first few million etc.

      • Draco T Bastard 2.2.3

        I worry that banning all foreign property ownership will decrease scarce local capital and require even heavier reliance on banks for our capital.

        The solution to that isn’t foreign fiat money but to take the creation of money out of the hands of the banks and put it squarely into the hands of the government with the rule that only money spent into the economy (UBI, government services, infrastructure) can be created and must be offset by an appropriate level of taxes.

        So, yes, we can ban all offshore ownership and not have a problem with capital. In fact, we actually have a problem with capital now in that there’s too much entering the economy most notably from those foreign sources.

        • ropata

          We need to follow Iceland’s example. It can be done

          The aristocrats don’t like the serfs getting too unruly and will do anything to keep their privilege. Only when their personal safety is at stake will they listen to any democratic demands.

    • Anno1701 2.3

      “They are laundering dirty money”

      dont forget the rampant mortgage frauds based on fabricated “overseas” earnings in China …

  3. Draco T Bastard 3

    A day earlier, the Chinese currency had been deemed to be a global reserve currency.

    In a financial system with free-floating fiat currencies you can’t have a reserve currency. The fact that these morons think that you can shows that they’re still thinking in 19th century terms when the reserve was gold and other precious metals.

    The exchange rate between those free-floating currencies needs to be set via trade between them. Considering that our imports from China exceed our exports to them then our currency should be valued at less than the Yuan. That, of course, only applies to the Yuan. Other countries exchange rates would differ in relation to our trade with them.

    This would apply to all currencies.

    And we are not printing money and we have no intentions of doing that.

    Which, of course, is a lie. We print money through the private banks instead of the government but the money is printed.

    As you say, he’s highly experienced in this area – he knows how the money system actually works.

    If only we had a Prime Minister who could do more than point out the risks.

    He is doing more than point out the risks – it’s just a question of who he’s doing it for because it certainly isn’t for the best interests of NZ.

  4. mosa 4

    I want a Prime Minister that I can believe and trust.

    • Cinny 4.1

      YES PLEASE and someone we can be proud of.

      • One Two 4.1.1

        Be proud of yourself and in yourself (without delusion)

        No need to put that stake onto a 3rd party entity which is long past its use by date

        • Cinny

          Indeed, but it would be rather wonderful to have a sense of pride towards the leader of our country.

          Strongly agree with you that the out going entity is well expired

          Feeling rather proud of Marama today

    • AmaKiwi 4.2

      @ mosa

      Regrettably I don’t think popularity contest elections ever produce politicians you can trust. No NZ PM will seriously resolve our housing crisis. There are too many vested interests controlling the puppet MPs.

      I think there are many POLICIES the vast majority of American and NZ voters can agree on. (Stop foreign wars, fairer taxes, clean environment, free education, better hospitals, etc.) Instead we and the Americans choose between two personalities, both beholding to the special interest groups that put them in power. I favor binding referendums because referendums decide policies, NOT which puppet is marginally less repugnant than the other.

      • Draco T Bastard 4.2.1


      • b waghorn 4.2.2

        ”I favor binding referendums because referendums decide policies, ”

        That could only work if people actually took the time to understand all the issues around what ever they were voting about, and that an honest campaign was run for and against that issue, both of which are unlikely

        • AmaKiwi

          @ b wagon

          I asked the young first-time voter why was voting for Legalize Cannabis Party because, he said, “It is the only party which can make a difference to my life.” Regrettably, I had to agree with him.

          There is NOTHING the Auckland Council can do that will have a significant impact on my life. Nothing!

          Those of us who vote are the fools. The non-voters are smart enough to not waste their time on something that doesn’t matter.

          People take binding referendums seriously, very seriously.

    • mosa 4.3

      Cause I don’t trust Mr Key and I have stopped listening.

    • Richard Rawshark 4.4

      Ok mosa in the history of PM’s planetary and any time, who would you have?

      I’m trying hard to think of one exceptional PM I would have liked to have lived under..thinking…

      hmmmmm back…back…

      Ok Kennedy, just because it was a time when we almost had hope, and things would change, yeah I would have like to have seen those days for real. Plus he actually rallied a planet in pursuit of something special, landing a man on the moon. Visionary stuff.

      but trust and believe…good luck on that.

  5. Infused 5

    The Risk is Syria, the US and Russia actually. China and Japan, NKorea and SKorea.

    This is what’s going to tip things. Not this bullshit around the edges. There’s a reason why oil has been forcefully held so low. There are proxy wars going on everywhere in the world right now.

    • AmaKiwi 5.1

      @ Infused

      In my opinion these proxy wars are in reality the beginning of World War Three.

  6. Wayne Mapp 6


    In fact there are hardly any proxy wars going on. At most Syria. The rest of the world is mostly at peace. That is why 2016 has one of the lowest ever death rates from war.

    • Anno1701 6.1

      cough cough *bullshit


      look like about half the map to me roughly ?

    • Paul 6.2

      Heard of Ukraine?

    • One Two 6.3

      Nobody appreciates a bullshitter, Wayne

      Every living being and this planet is having war waged on top of it, either by munitions, heavy industry or the financial industry..

      They’re all intertwined, but you know this


    • Richard Rawshark 6.4

      What Wayne?, apart from the comments of shock at what you wrote re: no wars except Syria 2016..

      It’s a bit off, like couple miles, what made you believe that?

    • Morrissey 6.5

      “The rest of the world is mostly at peace.”


      How complacent and deluded and plain ignorant must someone be in order to write such a blitheringly stupid statement? Oh, I see it’s a former National Party cabinet member; that explains it.

    • gnomic 6.6

      Wayne old boy, you need to retire as a pundit. Even the National Party regarded you as a joke. A failed comedian. Perhaps start your own blog and see how that goes …. Or perhaps try volunteering in an op shop, or maybe at a hospice?

      Can the pompous crap.

  7. Takere 7

    Another list;

    Rigged Money Markets – Carry Trades
    Off the Books Debt
    Corrupted (Flawed) Data Collect Methodology(s)
    Blinglish Accounting Software
    Four Foreign Banks Rule the Economy
    Governments Lie

    Did any of these things make his list of main risks? Nah … Oh well, dumpty doo …. I suppose he’ll just take that job at the BoA when the shit hits the fan?

  8. Stuart Munro 8

    According to Montesquieu, a despot rules through fear.

    Having done nothing constructive for three terms, Key needs to create fear to have any chance of being re-elected.

    World interest rates are low because neo-liberalism has proliferated to the point of failure. If there is a recovery, NZ interest rates will rise.

    Just as he has tried to harvest the credit for low interest rates, Key will try to associate the blame of rising interest rates on the opposition.

    A desperate stratagem from the worst PM in NZ history.

    • Paul 8.1

      I think you’re a bit harsh on Key.
      Massey was the worst.

      William Massey, Prime Minister from 1912 to 1925.
      He used special constables (“Massey’s Cossacks”) to break the 1913 waterfront strike, had practically the entire leadership of the Labour Party jailed for sedition during World War One (and then delayed the elections anyway, just in case he didn’t win), ensured the passage of the War Regulations Continuance Act 1920 which allowed him to continue wartime censorship and the persecution of communists (plus the odd Catholic Bishop), and (last but not least) gave us the flu because he was too important to wait in quarantine. Over 8000 people died as a result, leading to him being memorialised in a children’s song: “Big Bill Massey brought the ‘flu, parlez vous…”.


      • Richard Rawshark 8.1.1

        I wonder if his election slogan was ” A brighter Future” by any chance.

        the elite, pfft. seriously if they carry on like that, no wonder the French chopped all there heads off.

      • Richard Rawshark 8.1.2

        My take is on Key, he has the benefit of recorded history, Massey came from that time.

        Although morally abhorrent now, I doubt it was then. Re Massey, well as much then.

        Now Keynocio has the benefit of hindsight, he damn well knows where inflated housing markets and lots of low interest lending gets you, but he did it anyways to stamp his lifetime achievement list and bugger the consequences.

        I dare say massey was just a stuck up Tory thinking he was better than everyone else but he believed it. Key knows it’s fake, seriously I don’t think either Key or Bennet believe any of their parties crap, they were just the easiest lot to fool with bullshit to gain power.

      • Stuart Munro 8.1.3

        NZ’s burgeoning suicide statistics – somewhat hidden as coroners are reluctant to make the criminal finding without conclusive proof – will have the Key death toll close to Massey’s – and the work permit fiasco will have put more kiwis out of work than the waterfront strike. But inaction on housing will be Key’s legacy, and as it matures it wouldn’t surprise me if things got very ugly indeed.

        On one thing though you are right – Key is essentially a 19th century politician – lazy, backward-looking and entitled. A thorough forensic audit of his financial dealings in power, and those of Joyce and of the Lord of the Pies are long overdue.

  9. Neil 9

    Double trouble: Is Deutsche Bank the next Lehman Brothers?


  10. Doogs 10

    The main risk to New Zealand IS John Key!

  11. gnomic 11

    Yet again I have to explain that in my opinion the present regime leader is a smirking weasel who may well have sold his soul (if he ever had one) to the devil. This person may well have no concern for the people of Aotearoa, and besides is bereft of any knowledge or concern about the issues which affect the people and the land. As a fully vested rich prick why would he care?

  12. Takere 12

    The main risk to New Zealand according to John Key is …. I’m a fuckwit and I don’t give a fuck!

Recent Comments

Recent Posts

  • Government guarantees free vaccines for every New Zealander
    The Government has invested $1.4 billion in New Zealand’s COVID-19 vaccination programme to ensure every New Zealander can receive a free vaccination, COVID-19 Response Minister Chris Hipkins says. The Government has today confirmed for the first time the amount of money it has allocated over two years for vaccines and ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Top Scholars from 2020 recognised at Parliament
    New Zealand’s highest scoring students have been recognised and presented with awards of excellence by the Prime Minister and Minister of Education today at Parliament.  Rohan Kumar from Hutt International Boys' School, and Yi Fan (George) Yang from Westlake Boys’ High School were today presented with the Prime Minister’s Award ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Speech to Contact Energy event at Parliament
    It’s great to be here to celebrate Contact Energy’s new 580 million dollar geothermal power station to be built on the Tauhara field near Taupō. I would like to congratulate Contact on this project, which will see a 152 megawatt power station operating 24 hours a day, 7 days a ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Technical amendment to Medicines Act
    The Government is aware of a High Court decision today about processes to grant provisional consent to some approved medicines, and is making a technical amendment to modernise the law. The Court has said that while the Minister of Health can, under Section 23 of the Medicines Act, grant approval ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • COVID-19 fund benefits hundreds of thousands of learners
    More than 2,000 schools, kura and early learning services me ngā kōhanga reo have been funded to help more than 300,000 New Zealand children and young people affected by the COVID-19 lockdowns, Education Minister Chris Hipkins said. More than $30 million from the Urgent Response Fund has been allocated between ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Speech to the AI Summit
    Check against delivery. E ngā mana, e ngā reo, e ngā karanga maha o te wā, tēnā koutou, tēna koutou, tēna tātou katoa. Ki ngā mana whenua o Tāmaki Makaurau, Tāmaki herenga waka, nei rā aku mihi ki a koutou. Nōku te hōnore kia haere mai ki te whakanuia tēnei ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • COVID-19 milestone: 5000th vaccinator completes specialised training
    A significant COVID-19 workforce milestone has been reached, with the 5000th vaccinator completing specialised training to administer the Pfizer/BioNtech vaccine, COVID-19 Response Minister Chris Hipkins says. “A huge amount of work has been going on behind the scenes to boost numbers of trained vaccinators and this is a milestone worth celebrating,” ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Immigration Reset: Setting the scene
    TIHEI MAURI ORA Tuia te whakapono Tuia te tumanako Tuia te aroha Tuia te hunga ora Ki te hunga ora Tihei Mauri ora Ka nui te mihi ki a koutou Tena koutou, tena koutou, tena koutou katoa. Thank you for being here tonight as I outline the government’s planning to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Australia New Zealand Leaders’ Meeting 2021
    Prime Minister Jacinda Ardern has announced that Australian Prime Minister Scott Morrison will visit New Zealand for the annual Australia-New Zealand Leaders’ Meeting on 30 and 31 May. Prime Minister Morrison, accompanied by Mrs Morrison, will arrive in Queenstown on Sunday 30 May and talks will take place on the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • International collaboration delivers new tools to help tackle agricultural emissions
    The Global Research on Agricultural Greenhouse Gases (GRA), an alliance backed by New Zealand is delivering promising new technologies such as cow vaccines and probiotics to tackle agricultural emissions, Minister of Agriculture Damien O’Connor said. Eleven research projects, funded and delivered under the alliance of 64 countries, have been recently ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Take your time and get home safe this Road Safety Week
    The Government is urging Kiwis to drive carefully and check their speed, Transport Minister Michael Wood said at the start of Road Safety Week.                 Michael Wood said despite the Government investing in safer roads, drivers still need to take care.     ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Budget boosts Carbon Neutral Government commitment
    Budget 2021 delivers $67.4 million to support the transition to a carbon neutral public sector by 2025 State Sector Decarbonisation Fund receives significant boost to support more schools, hospitals and other government organisations to replace coal boilers with clean alternatives Funding boost will also accelerate the Government’s ‘electric vehicles first’ ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Report shows progress on Homelessness Action Plan
    The Government has welcomed the release of the second progress report on the Homelessness Action Plan, showing that good progress is being made on every one of the immediate actions in the Plan. “Homelessness will not be solved overnight, but I am pleased to see that this plan is continuing ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Arts and cultural festivals get funding boost
    One of New Zealand’s oldest cultural festivals and a brand new youth festival are amongst four events to win grants to help them grow, attract new audiences, and boost local economies.  Economic and Regional Development Minister Stuart Nash has announced new support from an incubator fund launched last year to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Govt to rev up reductions in transport emissions
    The Government is calling for feedback on a range of potential policies to eliminate emissions in the transport sector. Transport Minister Michael Wood today released Hīkina te Kohupara – Kia mauri ora ai te iwi - Transport Emissions: Pathways to Net Zero by 2050, a Ministry of Transport report outlining ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government recognises David McPhail’s contribution to New Zealand comedy and television
    Minister for Arts, Culture and Heritage Carmel Sepuloni today pays tribute to David Alexander McPhail (11 April 1945 – 14 May 2021) – New Zealand comedian, actor, producer and writer. David McPhail ONZM QSM had a comedy career that spanned four decades, across both television and theatre.  “David’s contribution to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Support for drought-stressed regions fills a need
    An innovative iwi-led plan to help maintain water supply to a far North community battered by drought is set to get underway with support from the Government, Acting Minister for Emergency Management Kris Faafoi says.  “The impacts of climate change are not something that just our grandchildren will have to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • KiwiSaver default provider scheme improvements slash fees, boosts savings
    Hundreds of thousands of New Zealanders will be significantly better off in retirement following changes to the default KiwiSaver scheme, Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark said today. The new default provider arrangements, which will take effect once the terms of the current providers ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Industry leadership for our training system becomes reality
    Six new Workforce Development Councils formally established today will ensure people graduate with the right skills at the right time to address skill shortages, Education Minister Chris Hipkins said. Every industry in New Zealand will be covered by one of the following Workforce Development Councils: •           Hanga-Aro-Rau – Manufacturing, Engineering ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Rotorua Emergency Housing update
    The Government has announced a suite of changes to emergency housing provision in Rotorua:  Government to directly contract motels for emergency accommodation Wrap around social support services for those in emergency accommodation to be provided Grouping of cohorts like families and tamariki in particular motels separate from other groups One-stop ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Further COVID-19 vaccine and economic support for the Pacific
    New Zealand will be providing protection against COVID-19 to at least 1.2 million people in the Pacific over the coming year $120 million in Official Development Assistance has been reprioritised to support Pacific economies in 2021 Foreign Affairs Minister Hon Nanaia Mahuta and Associate Health and Foreign Affairs Minister Aupito William ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Statement on the escalation of violence in Israel, the Occupied Palestinian Territories and Gaza
    Foreign Affairs Minister Nanaia Mahuta today expressed Aotearoa New Zealand’s grave concern at the escalation of violence in Israel, the Occupied Palestinian Territories, and Gaza. “The growing death toll and the large numbers of casualties, including children, from Israeli airstrikes and Gazan rockets is unacceptable,” Nanaia Mahuta said “Senior officials met ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Trade Minister to travel to UK and EU to progress free trade agreements
    Trade and Export Growth Minister Damien O’Connor announced today he will travel to the United Kingdom and European Union next month to progress New Zealand’s respective free trade agreement negotiations. The decision to travel to Europe follows the agreement reached last week between Minister O’Connor and UK Secretary of State for ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Pre-Budget speech to Business New Zealand
    Kia ora koutou katoa It’s great to be here today, at our now-regular event in anything-but-regular times. I last spoke to some of you in mid-March. That was an opportunity to reflect on an extraordinary 12 months, but also to reflect on how the future was shaping up. In what ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Te Hurihanganui growing with Nelson community celebration
    Nelson is the latest community to join the Te Hurihanganui kaupapa to drive change and address racism and bias in education, Associate Education Minister Kelvin Davis announced today. Speaking at today’s community celebration, Kelvin Davis acknowledged the eight iwi in Te Tau Ihu for supporting and leading Te Hurihanganui in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Te Hurihanganui Nelson Community Celebration 
    Te Hurihanganui Nelson Community Celebration  Victory Community Centre, Nelson   “Racism exists – we feel little and bad”. Those were the unprompted words of one student during an interview for a report produced by the Children’s Commissioner in 2018. They were also the words I used when I announced the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Child wellbeing reports highlight need for ongoing action
    The Government has released the first Annual Report for the Child and Youth Wellbeing Strategy and the second Child Poverty Related Indicators (CPRI) Report, both of which highlight improvements in the lives of children as a result of actions of the Government, while setting out the need for ongoing action.  ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Formal consultation starts on proposals for Hawera schools
    Education Minister Chris Hipkins today announced a formal consultation for the future of schooling in Hawera. "Recent engagement shows there is a lot of support for change. The preferred options are for primary schools to be extended to year 7 and 8, or for a year 7-13 high school to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • He Whenua Taurikura: New Zealand’s Hui on Countering Terrorism and Violent Extremism
    The Government is progressing another recommendation of the Royal Commission of Inquiry report into the terrorist attack on Christchurch masjidain by convening New Zealand’s first national hui on countering terrorism and violent extremism. He Whenua Taurikura, meaning ‘a land or country at peace’, will meet in Christchurch on 15 and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Hundreds of new electric cars for state sector
    Total of 422 new electric vehicles and charging infrastructure across the state sector $5.1 million for the Department of Conservation to buy 148 electric vehicles and install charging infrastructure $1.1 million to help Kāinga Ora buy 40 electric vehicles and install charging infrastructure 11,600 tonnes of carbon emissions saved over ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Apartments give new life to former Trade Training hostel
    A building that once shaped the Māori trade training industry will now revitalise the local community of Ōtautahi and provide much needed housing for whānau Minister for Māori Development Willie Jackson announced today. The old Māori Trade Training hostel, Te Koti Te Rato, at Rehua Marae in Christchurch has been ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Opening of Te Kōti o Te Rato at Rehua Marae, Ōtautahi
    *Check with delivery* It is a great pleasure to be here with you all today. I acknowledge Ngāi Tūāhuriri and the trustees of Te Whatu Manawa Māoritanga o Rehua Trust Board. The opening of six new apartments on these grounds signifies more than an increase in much-needed housing for Ōtautahi. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Major step to pay parity for early learning teachers
    Certificated teachers on the lowest pay in early education and care services will take another leap towards pay parity with their equivalents in kindergartens, Education Minister Chris Hipkins said in a pre-Budget announcement today. “Pay parity for education and care teachers is a manifesto commitment for Labour and is reflected ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand Wind Energy Conference
    Tēnā koutou katoa Tēnā koutou i runga i te kaupapa o te Rā No reira, tēnā koutou, tēnā koutou, tēnā tatou katoa  Thank you Grenville for the introduction and thanks to the organisers, the New Zealand Wind Energy Association, for inviting me to speak this morning. I’m delighted that you ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to New Zealand Drug Foundation 2021 Parliamentary Drug Policy Symposium
    Speech to Through the Maze: On the road to health New Zealand Drug Foundation 2021 Parliamentary Drug Policy Symposium Mōrena koutou katoa, Tēnei te mihi ki a koutou, Kua tae mai nei me ngā kete matauranga hauora, E whai hononga ai tatau katoa, Ka nui te mihi! Thank you for the opportunity ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt to deliver lower card fees to business
    Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses approximately $74 million each year. “Pre COVID, EFTPOS has ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government support boosts Arts and Culture sector
    Government support for the cultural sector to help it recover from the impact of COVID-19 has resulted in more cultural sector jobs predicted through to 2026, and the sector performing better than forecast. The latest forecast by economic consultancy ‘Infometrics’ reflects the impact of Government investment in keeping people in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt takes further action against gang crime
    The Government will make it illegal for high risk people to own firearms by introducing Firearms Prohibition Orders (FPOs) that will strengthen action already taken to combat the influence of gangs and organised crime to help keep New Zealanders and their families safe, Police Minister Poto Williams and Justice Minister ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Thousands of MIQ spaces allocated to secure economic recovery
    Five hundred spaces per fortnight will be allocated in managed isolation facilities over the next 10 months, many for skilled and critical workers to support our economic recovery, COVID-19 Response Minister Chris Hipkins and Agriculture Minister Damien O’Connor say. “The Trans-Tasman bubble has freed up more rooms, allowing us to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand Sign Language Week a chance to recognise national taonga
    This week (10 – 16 May 2021) is New Zealand Sign Language Week (NZSL), a nationwide celebration of NZSL as an official language of New Zealand. “We’re recognised as a world leader for our commitment to maintaining and furthering the use of our sign language,” says Minister for Disability Issues ...
    BeehiveBy beehive.govt.nz
    1 week ago