Rising rents, high power bills and more expensive petrol fell most heavily on New Zealand's beneficiaries in the June quarter, with those receiving government support facing the fastest inflation in the period.
Two reports released within 24 hours of each other neatly summarise the state of New Zealand right now. They showed the wealth of the richest sprinting ahead with property values, while the poorest are struggling with stubbornly low wages and fast-rising housing costs. Bernard Hickey reports on a tale of two New Zealands.
In today's email we look at the latest poll results, ask whether the Accommodation Supplement increase will simply be captured by landlords, discover that our intelligence service has concerns about Trump, and dig into the Point England housing debate.
John Key and Paula Bennett said yesterday they were open to most of the recommendations from the Labour, Green and Maori Party's recommendations in their Inquiry into Homelessness, including the big ticket item of potentially increasing the Accommodation Supplement (AS).
It turned out yesterday's weaker-than-expected inflation figures (see a lot more below in the Hive News alert sent yesterday) had only a temporary effect on the currency.
For the convenience of subscribers, here's my weekly column in which I argue the Government is storing up an enormous future social and financial liability by allowing Auckland's housing supply crisis to remain unsolved. He says Bill English should apply the actuaries in his social investment programme to Auckland housing.
Good morning all.
For the convenience of subscribers, here's my weekend column in which I ask why the talkback lines aren't running hot over the NZ$11,700 subsidy paid each year to every one of the Remuera Golf Club's members (including John Key) by Auckland Council ratepayers.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Thursday.