The Government launched reviews of employment law and climate change law aimed at soothing the nerves of employers and farmers respectively. It appeared to rule out a breakup of the Reserve Bank and started considering introducing a deposit insurance scheme. Better foreign ownership data showed almost 20 percent of property buyers in central Auckland in the last year were not citizens. Documents showed officials advised the Government against its decision to stop issuing new offshore oil and gas drilling licenses, saying it would actually increase emissions because coal would be used instead of gas. The economy may have slowed a bit in the March quarter as construction sector activity and confidence continues to wane. Donald Trump waged trade wars ahead of G7 meetings and his summit with Kim Jong Un.
Political-watchers are either appalled or saluting the government’s pragmatism in appointing Jim Bolger to head their industrial relations law rewrite. But Dr Bryce Edwards of Victoria University says Bolger’s appointment is entirely appropriate, as the former National prime minister is probably to the left of many MPs in the new government.
Before the election, Labour’s proposed Fair Pay Agreements were painted by critics as a return to the days of industrial strife and strikes. With a Jim Bolger-led working group convened to flesh out the details, Shane Cowlishaw explores whether it will really plunge the country into darkness.
In today's email we dig into why all the talk of a potential National-Green deal is a pointless debate.