Economy
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Policy
Govt books still in check as growth seen slowing
Slightly slower economic growth and increased capital spending barely shifted the dial in the half-year outlook for the government’s accounts. Treasury officials trimmed their forecast for annual economic growth to 2.2 percent f...
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Policy
Govt loosens purse-strings with $12b new infrastructure spending
The government will loosen the purse strings and fund $12 billion of new spending on roads, rail, schools, hospitals and other public infrastructure over the next five years.Yet the announcements in today’s Budget Policy Statement from Finance Minister Grant Robertson are forecas...
Policy
Door open to pre-election welfare hikes beyond new $12b spend
The government is leaving the door open to election year announcements of increases in benefit levels and tax relief for working families over and above the $12 billion of new infrastructure spending announced today. The $12 billion, five-year package of new capital spending l...
Card spending spurred by Black Friday and Singles Day
Black Friday and Singles Day sales helped boost spending on credit and debit cards in November.Total retail spending jumped a seasonally adjusted 2.6 percent in November after falling 0.5 percent in October. It was the largest increase since January 2017, when spending lifted 3.6...
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Pattrick Smellie
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Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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