It’s not just fuel that's under the pump

It’s not just fuel that's under the pump
The impact of cost of living increases is always worse for low-income families, who often need to drive some distance to get to work. (Image: Getty)
Rosie Collins
When fuel prices spiked above $3 a litre, the government moved incredibly fast to alleviate the pain with a three-month cut to fuel taxes.  It was an immediate solution to an immediate problem, but all it does is buy time to tackle the painful increases in living costs beyond fuel prices. If the government is serious about bringing down living costs, it should give tax relief and increase welfare payments for low-income households in the May 2022 Budget. It should also fast-track affordable housing supply and make tactical invest...

More Economy

Shuffling the deckchairs for science
Economy

Shuffling the deckchairs for science

The Government will move $212m from existing programmes to fund science reforms.

Greg Hurrell 23 May 2025
Budget 2025: 20% depreciation boost
Economy

Budget 2025: 20% depreciation boost

The initiative seeks to make capital investment more attractive.

Pattrick Smellie 22 May 2025
Budget 2025: Bond programme tweaked higher
Economy

Budget 2025: Bond programme tweaked higher

Strong demand for NZ bonds means some of the lift is already in place. 

Rebecca Howard 22 May 2025
Budget 2025: Banking on a boost from investment
Economy

Budget 2025: Banking on a boost from investment

The Treasury picks a wafer-thin surplus in the year to June 2029. 

Rebecca Howard 22 May 2025