Coronavirus

Wage subsidies paid out hits $9.9b – Robertson

Paul McBeth
Fri, 17 Apr 2020

Wage subsidies paid out hits $9.9b – Robertson
Paul McBeth
Fri, 17 Apr 2020
Businesses have been paid $9.9 billion to help cover the cost of 1.6 million workers, which Finance Minister Grant Robertson says has helped limit the increase in new welfare claims.The government rolled out the wage subsidy package on March 17, paying firms a lump sum for 12 weeks, which Robertson said got money into people’s bank accounts faster than similar schemes overseas. That has helped limit the increase in job seeker benefits claims to 23,000, he said. Robertson was standing in for the Prime Minister at the daily press briefing, a...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Technology
Ex-public servant Peter Crabtree to lead board of space tech startup Zenno
Ben Moore | Mon, 08 Aug 2022

The former head of the NZ space agency delved into the private sector after leaving the government last year.

Property
Vital Healthcare pushes NZ portfolio past $1b
Brent Melville | Mon, 08 Aug 2022

The specialist healthcare property trust has been actively adding NZ properties to its asset base, now valued at almost a third of its $3.3 billion portfolio.

Economy
NZ stuck on primary export path, says MBIE research
Jem Traylen | Mon, 08 Aug 2022

MBIE research shows we're world-class farmers so ... we should stay farming,  says MBIE.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).

Sponsored
David Kelly: 'We must learn from past mistakes'

The CEO of the Registered Master Builders Association calls for the government and the building sector to create more resilience.