End of wage subsidy will show true impact on Queenstown-Lakes

End of wage subsidy will show true impact on Queenstown-Lakes
Brent Melville
A dusting of snow on the hills in the Queenstown Lakes District serves as a chilling reminder of the impact that government-enforced covid-19 response has had on the tourism-obsessed economy. Ironically, the start of the ski season in late June or early July will coincide with the likely loss of hundreds, if not thousands, of jobs in the community – as the wage subsidy comes to an end.With covid-19 effectively cutting off the tap to a 3.2 million strong tourist supply, the casualties are mounting. Ngai Tahu Tourism, the owner of...

More Economy

Weak NZD ahead as rate cuts loom
Economy

Cameron Bagrie: Weak NZD ahead as rate cuts loom

This week's expected rate cut will further underpin a weaker-for-longer NZ dollar.

Cameron Bagrie 26 Nov 2024
More confidence about housing: ASB
Economy

More confidence about housing: ASB

Sentiment is improving, albeit slowly, the Housing Confidence Survey shows.

Air NZ continuing to be whacked by aircraft availability issues
Economy

Air NZ continuing to be whacked by aircraft availability issues

Air New Zealand expects a half year pre tax earnings result of $120 million to $160m.

Staff reporters 25 Nov 2024
NZ's directors see better days ahead
Economy

NZ's directors see better days ahead

Board directors are looking to Companies Act reform on their legal liabilities.

Greg Hurrell 22 Nov 2024