Luxon defends scrip subsidy repeal

Luxon defends scrip subsidy repeal
Christopher Luxon and Nicola Willis defended National's stance on prescription subsidies. (Image: Dileepa Fonseka/BusinessDesk)
Dileepa Fonseka
At a post-budget speech, Christopher Luxon has defended a plan to reimpose $5 prescription co-payment fees, while promising homeowners his party's fiscal plans would bring lower interest rates.Luxon said he wanted to be “really clear” about what his criticisms of the co-payment were centred on, clarifying he believed people with supergold or community services cards should not have to pay a $5 prescription fee.“I don’t think it makes a lot of sense that someone like me gets the benefit of free prescriptions, I think...

More Economy

S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025
Auckland's multibillion-dollar midtown moment
Economy

Auckland's multibillion-dollar midtown moment

Auckland's midtown area is the target of several multibillion-dollar investments.

Storms clouds are gathering for the economy
Economy

Storms clouds are gathering for the economy

March-quarter GDP lifted 0.8% on quarter.

Rebecca Howard 19 Jun 2025