Earthquake Commission (EQC) chairman Sir Maarten Wevers has resigned, following the decision to appoint an independent adviser to speed up the resolution of thousands of outstanding Canterbury earthquake claims.
Waterfront properties are still marketed as desirable but rising sea-levels may render thousands of them uninsurable, sending their values into freefall and resulting in fiscal risks for banks and the government, writes Lynn Grieveson.
Finance Minister Steven Joyce has announced Budget 2017 on May 25 will include $11 billion worth of new capital infrastructure spending over the next four years, which is an effective $2 billion upgrade in forecast spending since the Government's last forecasts in December.
Bill English used his first trip out of Wellington as Prime Minister to visit affected communities along the Kaikoura Coast yesterday, including at Kekerengu on the coast between Kaikoura and Ward, but his welcome was far from friendly or honeymoon-like.
For the convenience of email subscribers, here's my preview of the Budget and the key areas to focus on.
Finance Minister Bill English set Tuesday December 17 as the date for the Half Year Economic and Fiscal Update (HYEFU) and spelt out in a little more detail the choices facing the government as it heads for surplus in 2014/15.