The last week has seen the Labour-led Government confirm it is not going to deviate far from National’s fiscal policies, and will continue to fund public services at similar levels. How do we explain this insistence on fiscal conservatism in the face of clear and urgent need, and growing calls for change? Victoria University’s Dr Bryce Edwards argues that the Finance Minister and his colleagues have become so immersed in pragmatic electoral calculations they’ve lost touch with the shift away from orthodox economics.
Bernard Hickey argues Labour should respond to Auckland's man-made infrastructure disaster the same way National responded to Christchurch's natural disaster: by using its strong balance sheet to borrow and build.
Prime Minister Jacinda Ardern has issued a stark warning ahead of the May 17 Budget, saying the Government had discovered the budget situations in Health and Education were much worse than she expected when in Opposition.
New Zealanders are increasingly aware of the huge social, economic and environmental problems facing this country, yet the new Labour-led government seems unwilling to respond with the type of big, bold actions required. Victoria University political scientist Bryce Edwards says Labour has welded itself to a policy of fiscal conservatism, preventing it from making the necessary investments.
One of the Government's first moves to help poverty-stricken families by paying them to heat their homes this winter won't actually help children in poor working families. Shane Cowlishaw reports.
In this morning's email we looked at how, and why, Labour is keen not to scare the business horses.
After almost 30 years the Reserve Bank of New Zealand has abandoned its pioneering approach of focusing solely on inflation. It will now aim to both keep inflation low and maximise employment, although it's not clear yet whether it's more than just window-dressing. Thomas Coughlan reports.
Reserve Bank Governor-designate Adrian Orr and Finance Minister Grant Robertson said there would be no change to the Bank’s two percent mid-point target for inflation when they signed the Reserve Bank’s new Policy Targets Agreement at the Beehive on Monday, but they did include a new aim of supporting maximum levels of sustainable employment.
In today's email we note the release of the first report from the Tax Working Group, and covered the latest news in the political economy.
The Government hopes value capture will help it to fund its ambitious infrastructure programme, but will it be enough? Thomas Coughlan reports.