PATTRICK SMELLIE: Hooray for level 1. Now what?

PATTRICK SMELLIE: Hooray for level 1. Now what?
Pattrick Smellie
Faced with catastrophic risk, humans react with two visceral emotions: dread and outrage. For the past three months in New Zealand, covid-19 has produced both in ample measure, and on two fronts that have often been seen as diametrically opposed. There has been dread about the health impact of the virus and outrage, particularly in the earlier phases of the lockdown, at any perceived breaching of the rules of physical isolation and travel restrictions. Adults over 50, accustomed to bending the rules to suit themselves, found to their s...

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NZIER's Shadow Board predicts RBNZ will hold, with one exception
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NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

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Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024