Yes, if Bill will let me

Written By: - Date published: 10:50 am, April 7th, 2009 - 6 comments
Categories: bill english, economy, john key - Tags:

A wag emails us:

So Key is keen on offering mortgage holidays like in Aussie. Any bets on how long before English overrules him?

6 comments on “Yes, if Bill will let me”

  1. TightyRighty 1

    one of the wives and girlfriends? because that wasn’t pithy or funny enough to be classed as a true wag comment.

    But, if it’s quicker than cullen took back the chewing-gum tax cuts, then it might really have some humour value.

  2. vto 2

    it annoys me when things are presented by politicians as something they are not. Two examples are referring to mortgage extensions as mortgage holidays, and Cullen’s constant reference to tax cuts as a spend.

    Bloody politicians.

  3. Ari 3

    You’d think that the two (English & Key) would be agreeing on policy before it’s being announced, if National were being sensible.

  4. Pat 4

    Um I think the wag must be a dumb blonde…

    The mortgage holiday proposal in Aussie is not funded by the government. It simply means your loan repayments are suspended for up to 12 months by the Banks. The interest “capitalises” to the loan (a big word for a wag – it basically means “adds on to”) so that after 12 months you will owe a whole lot more than at the start of the year. But on the positive side it buys you some breathing space to find a new job.

    If Key gets the same Banks to adopt the scheme in NZ, then there is nothing for English to worry about, since it doesn’t affect any Govt spending. It simply is a way for the Govt to get more leverage for providing the deposit guarantees.

  5. The Baron 5

    Surely Cullen scotched plenty of ideas from his own caucus too… that’s the finance minister’s job.

    I think our little democracy works better when finance minister’s play scrooge against what could otherwise be vote buying populism (which both sides of the house could equally indulge in!)

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