Treasury says Brexit might crimp spending on 2017 Lions tour

Mon, 04 Jul 2016

By Paul McBeth July 4 (BusinessDesk) - The Treasury doesn't expect New Zealand's economy will be stressed by the UK public's decision to quit the European Union in the short-term, although visiting Britons during next year's Lions rugby tour may tighten their belts due to the weaker British pound. The government's financial adviser anticipates the impact of last month's Brexit vote "to be limited in the short-term" as continued volatility in financial markets delays investment decisions, and as the slump in the pound makes New Zealand ex...

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