US interest rates rose above New Zealand interest rates for the first time as house prices continued to rise here. Winston Peters led the Government in Parliament and is set to become acting Prime Minister. Labour's political vulnerability over justice and corrections issues was exposed. The Public Service staged a "manny-go-round." Shane Jones triggered a debate about Fonterra's future by attacking its performance and chairman. Trump got played by Kim Jong Un, but it may not matter.
After months of delays, the Government has finally announced its plans around the dilapidated Waikeria Prison. But its goal of reforming the justice system could prove to be its most difficult task.
New Zealand First blocked Andrew Little's proposal to repeal the three strikes law. Winston Peters is pushing ahead with damages claims against MSD, Paula Bennett and Anne Tolley. Manufacturing figures suggested GDP growth slowed a little to 2.7 percent in the March quarter. Kim Jong Un went for a walk around Singapore overnight.
A task force to tackle a payroll problem that has left thousands of workers out of pocket will focus on how to simplify legislation while ensuring workers don’t miss out.
Here are the eight news events that mattered this week in New Zealand's political economy.
Changes to the Holidays Act are being considered by the Government to address large-scale payroll compliance issues.
There will be no mega-prison at Waikeria. So where will all the inmates go? Shane Cowlishaw explores the alternative options, and the potential political fallout of the Government’s decision that include a painful reopening of the debates around bail and sentencing laws.
Corrections is the latest government department to discover it may have underpaid its staff, Shane Cowlishaw reports.
COMMENT: The Government faces a billion dollar conundrum.