The machinery of Government is still grinding back to life after the summer break and a succession of provincial and national holidays to set to disrupt the flow in the next week or two.
Good morning all.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Monday.
The Bank of England's warnings over the last month about the affordability of mortgages worth more than four times income has sparked speculation the Reserve Bank of New Zealand could impose some sort of cap on mortgage to income multiples.
Local Government New Zealand (LGNZ) and the council-owned water industry has quietly begun a three year review of the sector's performance and its structure.
The New Zealand Initiative has issued a third report on the hot topic of housing affordability, including a range of measures to encourage councils to expand housing developments and to compete with each other. They include a type of rebate to councils on GST paid on new houses, reforms of water authorities and privately financed infrastructure for new suburbs. It even suggested a type of income tax paid to councils to encourage development.
Finance Minister Bill English gave some examples of a new central government-led localism at the launch this week by Local Government New Zealand (LGNZ) of a paper it commissioned from The NZ Initiative 's Executive Director Oliver Hartwich on localism and government. English cited plans to roll out 'Social Sector Trials' currently being run with troubled youth in six small towns to 10 larger towns and cities.