Policy

12 DAYS OF CHRISTMAS: Saluting those who repaid the wage subsidy

Brent Melville
Tue, 05 Jan 2021

Along with the rest of the globe we were, and we remain, in uncertain times. That only 3.8 percent of a total of more than $14 billion in taxpayer funding paid to businesses to support their employees has found its way back to the government, shouldn’t come as a surprise.In October, BusinessDesk asked the Ministry of Social Development for some insight into which companies had paid back the wage subsidy.It was clearly a big job to work it all out, but MSD managed to send the material by mid-December.That data showed that almost 1,500 busi...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure

New players sought for electricity futures market

Gavin Evans | Wed, 20 Jan 2021

Paying new players to offer market-making services may improve pricing, Electricity Authority believes.

Opinion

BlackRock mansion: where $12T lives

David Chaplin | Wed, 20 Jan 2021

Global funds management is concentrating into fewer and fewer hands.

Primary Sector

The Zespri effect: Has NZ's hops industry found its Sungold?

Brent Melville | Wed, 20 Jan 2021

New Zealand's hop industry has a clear vision for the future, though this includes some fairly hazy IPAs.

12 DAYS OF CHRISTMAS: Saluting those who repaid the wage subsidy

Not convinced yet?

Your company has a subscription

Team