A massive change on immigration policy

A massive change on immigration policy
What's behind Labour's u-turn on immigration? (Image: Getty)
Pattrick Smellie
In the last week of parliament and the last week that most New Zealanders will take any notice of politics, the government has dropped a massive immigration policy bombshell.Having spent huge chunks of political capital resisting calls from the business community to swiftly ease the passage for a very wide range of migrants with skills to alleviate the demonstrable shortages throughout the economy, it has now all but capitulated.True, there had been a lot of ad hoc easing up until now, but Monday’s announcement of a wholesale broadening o...

More Economy

Why this Australian investor likes NZ-listed companies
Economy

Why this Australian investor likes NZ-listed companies

Fund manager believes in NZ's economic recovery, and is putting money behind it.

Manawa deal sparks talk about Infratil's plans
Economy

Manawa deal sparks talk about Infratil's plans

Analysts expect a sale of its WLG Airport stake. Former executives aren't convinced.

Westpac adds another rate cut to its forecasts
Economy

Westpac adds another rate cut to its forecasts

Westpac Bank now expects the official cash rate (OCR) to trough at 3% and has pushed back the timing of its forecast tightening cycle.“Downside risks from global growth suggest the RBNZ [Reserve Bank of New Zealand] may continue easing beyond May,” chief economist Kelly Eckhold s...

Rebecca Howard 09 May 2025
Rams Logistics owed $3.2m to IRD
Economy

Rams Logistics owed $3.2m to IRD

About 50 employees are owed approximately $760,000, the liquidators said.

Gregor Thompson 08 May 2025