$350 cost of living payments a 'poor mechanism'

Oliver Lewis
Fri, 20 May 2022

$350 cost of living payments a 'poor mechanism'
In the budget, finance minister Grant Robertson unveiled a suite of measures targeting cost of living pressures. (Image: Getty)
Oliver Lewis
Fri, 20 May 2022
Officials are seriously concerned about the government’s headline cost of living response to paying low-to-middle income earners $350.Treasury recommended against a broad-based payment and suggested the government ought to investigate more targeted support for lower-income households, which are the worst affected by inflation and cost of living pressures.Inflation has risen over the past year and is expected to be widespread in the future, officials warned in advice released alongside the bill.“This makes a one-off payment a poor me...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Eroad shares on the road to recovery
Ella Somers | Thu, 07 Jul 2022

Jarden wealth management director Greg Main said Eroad was continuing its “recent recovery” and rising strongly after being heavily sold down.

Global Events
Jacinda Ardern soft-pedals on China’s Pacific ambitions
Pattrick Smellie | Thu, 07 Jul 2022

The prime minister has offered a conciliatory view of China's potential to do good in the Pacific region, as tensions between Beijing and Wellington grow over Chinese strategic ambitions in the region.

Primary Sector
Foot-and-mouth disease risk low from Indonesian PKE says Biosecurity NZ
Rebecca Howard | Thu, 07 Jul 2022

Biosecurity NZ sent a team to Indonesia for an extra level of assurance. 

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges