New Zealand's politicians and voters will all be focused on Labour's expected win in the Mt Roskill by-election on the weekend, but overseas the attention is on Italy's referendum this weekend and new signs China is struggling to cope with a capital exodus as US interest rates and the US dollar rise sharply.
The Government lobbed its NZ$1 billion Housing Infrastructure Fund into the debate over Auckland housing supply yesterday, raising a range of questions about its effectiveness and how it might be applied. (See more detail on the announcement in the Hive News Alert below)
The Government has announced the creation of a fund that many were hoping for in the May Budget and was seen as the 'missing link' in last month's National Policy Statement on Urban Growth.
John Key expanded further yesterday on his weekend comments about Chinese-led bids to build horizontal infrastructure in Auckland in tandem with some sort of Wellington-driven Urban Development Authority (UDA).
Whispers about the potential creation of an Urban Development Authority in Auckland have been circulating in Wellington for a few weeks, but John Key lifted them out into the open over the weekend.