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Economy

Halt to Monetary Stimulus Welcomed

Halt to Monetary Stimulus Welcomed

National welcomes the Reserve Bank’s announcement that it will reduce the level of monetary stimulus, and it comes none too soon, National’s Shadow Treasurer Andrew Bayly says. “This doesn’t come as a surprise given the overwhelming evidence that the economy is heating up too much too quickly.

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Rising Costs Slam Middle New Zealand

Rising Costs Slam Middle New Zealand

Damien Smith ACT Associate Finance spokesperson Middle New Zealand is being hit in the pocket because of the Government’s poor policy-making decisions. The Government is continuing to pour fuel onto the fire by increasing costs to businesses at every turn and imposing a fortress New Zealand mentality not seen

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By the Numbers

By the Numbers

Grant Robertson Deputy Prime Minister Labour Party As the second half of the year gets underway, I wanted to send a quick update on our COVID recovery and in particular, how our economic response is tracking. The recent outbreaks in Australia and Fiji have highlighted that the global pandemic is

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Anti-democratic, Anti-freedom FPAs Must Be Scrapped

Anti-democratic, Anti-freedom FPAs Must Be Scrapped

David Seymour ACT Leader Labour’s plan for compulsory unionism is anti-democratic and anti-freedom and it must be scrapped. Labour has been told by its officials that so-called ‘Fair Pay’ Agreements would wreck the economy and undermine freedom of association. Michael Wood will no doubt ignore this advice and push

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Ok Boomer, Pay Up

Ok Boomer, Pay Up

As we’ve recently learned, for all their skiting at today’s youngsters, it’s the Boomers who are the most narcissistic generation of snowflakes. Are they also the greediest? Comedian George Carlin (born before the Boomers) certainly thought so: whiny, narcissistic, self-indulgent people with a simple philosophy: “GIMME IT,

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Turning the Worms

Turning the Worms

Things have changed a lot in the workplace in the last 30 years, and much of it has been good. Women having babies in the 1980s had no paid parental leave, and may have been allowed to take a few months unpaid leave (if they were lucky), but fathers basically

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Make No Mistake

Make No Mistake

Now for a boring little piece on tax… but bear with me. It will reveal the pettiness of this government, and how they really, really do despise farmers, tradies and almost anyone who actually works for a living. The Fringe Benefit Tax (FBT) rules have 2 types of private vehicles:

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The Debt Trap Looming over New Zealand

The Debt Trap Looming over New Zealand

Prime Minister Jacinda Ardern is clearly itching to sign New Zealand up to China’s “Belt and Road Initiative”. Ardern witters that the notorious scheme “has really evolved”, while Trade Minister David Parker urges New Zealand to “get on board”. All those billions of glittering yuan from Beijing are apparently

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Climate Travesty

Climate Travesty

I have taken to reading The Spectator Australia and The Telegraph in the UK recently, as they produce decent journalism that is well researched, well written and thought-provoking without being inherently biased. The Telegraph attacks members on both sides of the political divide roughly equally, while The Spectator attacks wokeism,

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blue and red cargo ship on sea during daytime

Ships Are Turning Away from NZ Ports Loaded with Cargo

Eliora New Zealand is a small country in the South Pacific with its inhabitants described as “The Passionless People”. Gordon McLauchlan, the author of this popular book in 1976, recognised fourth-generation kiwis as easy going, down to earth and enjoying the status quo. Kiwis around the world are known as

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100% Renewable Energy by 2035?

100% Renewable Energy by 2035?

Whether or not you believe human intervention is responsible for increased CO2 emissions and that those emissions are a matter of planetary life and death, Ardern’s goal of 100% renewable energy by 2035 is quite simply unrealistic. I hope the popular ute turns out to be Ardern’s shower

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Labour Raiding Rainy Day COVID Fund

Labour Raiding Rainy Day COVID Fund

Half of the $10 billion Finance Minister Grant Robertson set aside in the case of a further Covid-19 resurgence has been spent funding Labour’s non-Covid-related ideas, National’s Shadow Treasurer Andrew Bayly says. The Government allocated a total of $62 billion to support the Covid ‘response and recovery’. But

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Statistics Minister Mocks Kiwis, Should Be on His Bike

Statistics Minister Mocks Kiwis, Should Be on His Bike

Damien Smith ACT Associate Finance spokesperson The Statistics Minister has shown how out of touch the Government is with middle New Zealand by making a mockery of serious questions in Parliament. Hardworking Kiwis know that prices keep rising, but according to Statistics New Zealand, inflation is at just 1.5

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Tim Van De Molen – Kiwis Finally ‘Sea Change’ from Labour

Tim Van De Molen – Kiwis Finally ‘Sea Change’ from Labour

While it is encouraging to see that Labour have finally responded to the 2017 Sea Change report, the Government’s announcement bears the hallmarks of another shallow policy announcement, National’s Oceans and Fisheries spokesperson Tim van de Molen says. “New Zealand’s nearly four years under this Government is

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red and yellow light on dark room

No, We’re Not Running Out of Germanium

In his excellent Basic Economics, Thomas Sowell argues that the fundamental principle of economics is scarcity. “Economics is the study of the use of scarce resources which have alternative uses.” As Sowell says, that “may seem like a simple thing, but its implications are often grossly misunderstood, even by highly

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