Prime Minister Christopher Luxon has ruled out signing up to NZ First’s proposal to buy back BNZ.
Winston Peters announced on Sunday that New Zealand would buy BNZ back from its Australian owners if NZ First were voted into government in November’s election.
He said the bank would be merged with Kiwibank to form the “National Bank of New Zealand”.
The plan quickly came up against strong criticism, with Finance Minister Nicola Willis labelling the idea “extremely reckless” and the Taxpayer’s Union chair Ruth Richardson calling it “bankruptcy of thinking”.
Now, Christopher Luxon has ruled out agreeing to the idea – even if Peters brings it to coalition talks as a non-negotiable.
Stuff
Face of the Day
Christopher Luxon has ruled out agreeing to the idea – even if Peters brings it to coalition talks as a non-negotiable.
Latest
The Long and the Hard of ‘SEXINT’
How turning an inadequate dictator into a fake pornstar backfired.
Good Oil General Debate
Please read our rules before you start commenting on The Good Oil to avoid a temporary or permanent ban.
The Good Oil Word of the Day
The word for today is… raffish (adjective) - 1: marked by or suggestive of flashy vulgarity or crudeness 2: marked by a careless unconventionality : rakish Source : Merriam-Webster Etymology : Raffish sounds like it should mean "resembling raff." But what is raff? Originally, "raff" was a word meaning