Migration curbs, tweaked inflation target not warranted, says English

Fri, 01 May 2015

By Pattrick Smellie May 1 (BusinessDesk) - The government is not considering curbing immigration to New Zealand, despite its contribution to rising house prices, especially in Auckland, and the additional pressure it places on government spending in areas such as education, said Finance Minister Bill English. Speaking to media after delivering a pre-budget speech in which he warned that achieving a fiscal surplus next year would be a challenge as low inflation saps the usual natural growth in tax revenues caused by rising wages and prices...

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