Business of Government: Peter Hughes' legacy, cost recovery headaches, and more...

Business of Government: Peter Hughes' legacy, cost recovery headaches, and more...
Watch out consultants: political parties are looking at you. (Image: Getty)
Jem Traylen
Battle lines being drawn over the size of the public serviceThis week, both major parties are drawing lines in the sand over the size of the public sector. On Monday, we heard from Labour, which laid down the challenge to other parties over what could be afforded from the diminishing tax take without cutting public services and benefits. Later this week, we're assured we will hear how National will pay for their tax cuts – which are estimated to cost $11 billion over four years.Both sides have contractors and consultants firmly i...

More Economy

Finance minister says yes, yes, yes to RBNZ transparency reform
Economy

Finance minister says yes, yes, yes to RBNZ transparency reform

Willis says she doesn't think system is broken, but needs incremental improvements. 

Smaller lenders eye prudential requirements in RBNZ review
Finance

Smaller lenders eye prudential requirements in RBNZ review

NBDTA proposed a total capital ratio of 10.5% of risk-weighted assets.

Andy Macdonald 10 Oct 2025
Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

Andy Macdonald 09 Oct 2025
ANZ first bank to react to OCR cut
Economy

ANZ first bank to react to OCR cut

ANZ is the first bank to react after the Reserve Bank’s 50-basis-point official cash rate cut on Wednesday.“Lower interest rates are helping, and more and more customers are seeing the benefit of rate cuts,” Grant Knuckey, a managing director at ANZ, said.“We’ve ... [seen] people...

Staff reporters 08 Oct 2025