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We should thank Ruth Richardson for requiring Treasury to publish pre-election economic and fiscal forecasts. Compliments also to Treasury for maintaining their quality over nearly three decades. Read more
Treasury’s pre-election fiscal update makes for grim reading. Bryce Wilkinson tallies the numbers, showing the forecasts are based on heroic projections about growth in labour productivity and on greater fiscal discipline than has been the norm. Read more
On the first day of election bribes, Jacinda gave to me: a holiday on Matariki. On the second day of election bribes, Judith gave to me: two four-lane highways and a holiday on Matariki. Read more
Labour finally announced some election policies this week: a new public holiday, a cap on bank fees and a new top rate of income tax. It is easy to point out what all these measures have in common. Read more
Wellington, 9 September 2020 – If Labour’s goal is to get debt back under control then it would make more sense to prune back spending, such as on superannuation, says David Law, senior research fellow at The New Zealand Initiative. Today, Labour finance minister Grant Robertson announced a lift in the top tax percentage from 33% to 39% for anyone earning over $180,000. Read more
When you think of Sweden, does Abba come to mind? What about meatballs or furniture stores? Read more
It wasn’t that long after the Christchurch earthquakes that the calls for rent control came. The earthquakes had destroyed thousands and thousands of homes. Read more
In this week’s New Zealand Initiative podcast, the world’s media is closely watching how Sweden’s tackling of the Covid-19 virus plays out. It appears the Nordic country has opted for a herd immunity strategy, as opposed to elimination or containment. Read more
Politicians like shovelling out money for shovel-ready projects. But let’s call a spade a spade: When push comes to shovel, it does not matter if projects are ready. Read more
Some countries have clear advantages during a pandemic. For instance, New Zealand is surrounded by a thousand-kilometre moat. Read more