[Updated]
22nd Dec 16, 10:48am
GDP grew 1.1% in Sept qtr; Economists had forecast around 0.8%; Annual growth 3.5%; Construction, tourism, transport strong; farming weak
[Updated]
GDP grew 1.1% in Sept qtr; Economists had forecast around 0.8%; Annual growth 3.5%; Construction, tourism, transport strong; farming weak
[Updated]
18th Dec 16, 3:27pm
English names his first Cabinet; Bridges and Adams promoted; No successors yet to McCully and Parata in Foreign Affairs and Education as they will stay until May 1; Goldsmith and Upston promoted to Cabinet
[Updated]
English names his first Cabinet; Bridges and Adams promoted; No successors yet to McCully and Parata in Foreign Affairs and Education as they will stay until May 1; Goldsmith and Upston promoted to Cabinet
18th Dec 16, 5:02am
Here are the big three numbers that dominated the surprises in the political economy of 2016, and the questions they raise for 2017
Here are the big three numbers that dominated the surprises in the political economy of 2016, and the questions they raise for 2017
15th Dec 16, 2:22pm
Simon Bridges announces Government has commited to spend NZ$1.4 billion to NZ$2 billion to fully restore road and rail corridor along coastal route through Kaikoura; may take 12 months to reopen
Simon Bridges announces Government has commited to spend NZ$1.4 billion to NZ$2 billion to fully restore road and rail corridor along coastal route through Kaikoura; may take 12 months to reopen
13th Dec 16, 4:22pm
New PM to name Cabinet on Sunday with swearing in planned for Tuesday; Sam Lotu-liga says will step down at next election; Ministers seen in play include McCully, Parata and Smith; MBIE up for grabs
New PM to name Cabinet on Sunday with swearing in planned for Tuesday; Sam Lotu-liga says will step down at next election; Ministers seen in play include McCully, Parata and Smith; MBIE up for grabs
[Updated]
12th Dec 16, 2:11pm
New PM Bill English talks up infrastructure, housing and ensuring benefits of growth widely shared in first news conference after being elected National leader; sworn in as PM with Paula Bennett deputy
[Updated]
New PM Bill English talks up infrastructure, housing and ensuring benefits of growth widely shared in first news conference after being elected National leader; sworn in as PM with Paula Bennett deputy
11th Dec 16, 5:02am
Bill English should refocus economic policy on increasing GDP per hour worked, rather than just total GDP
Bill English should refocus economic policy on increasing GDP per hour worked, rather than just total GDP
8th Dec 16, 1:42pm
Treasury sees surpluses rising to NZ$8.5 bln by 2021; English increases capital spending allowance by NZ$5.4 bln over 4 years; Borrowing programme increased; Debt repayment and quake rebuild priority over tax cuts
Treasury sees surpluses rising to NZ$8.5 bln by 2021; English increases capital spending allowance by NZ$5.4 bln over 4 years; Borrowing programme increased; Debt repayment and quake rebuild priority over tax cuts
[Updated]
8th Dec 16, 12:10pm
Growing number of National MPs publicly declaring support for Bill English as PM; outcome of Monday vote may be fait accompli later today; Paula Bennett seen most likely choice as deputy; Collins focused on back-benchers
[Updated]
Growing number of National MPs publicly declaring support for Bill English as PM; outcome of Monday vote may be fait accompli later today; Paula Bennett seen most likely choice as deputy; Collins focused on back-benchers
[Updated]
6th Dec 16, 11:29am
English and Coleman to contest bid for National Party leadership in Caucus vote next Monday; English's hopes for quick and cohesive leadership change dashed; Coleman wants 'generational change'; English says NZ Super options open
[Updated]
English and Coleman to contest bid for National Party leadership in Caucus vote next Monday; English's hopes for quick and cohesive leadership change dashed; Coleman wants 'generational change'; English says NZ Super options open
[Updated]
5th Dec 16, 1:59pm
Key says will vote for English as National leader in December 12 caucus vote; says National can win 4th and 5th terms with English as leader; Key says wants quieter life with family; eyes board positions in Australasia or Asia
[Updated]
Key says will vote for English as National leader in December 12 caucus vote; says National can win 4th and 5th terms with English as leader; Key says wants quieter life with family; eyes board positions in Australasia or Asia
4th Dec 16, 5:02am
The PM doesn’t trust the Treasury’s forecasts for the very long term and the very short term, but he thinks we should rely on the medium term one that says we can afford tax cuts, extra social spending, the quake rebuilds and debt repayment
The PM doesn’t trust the Treasury’s forecasts for the very long term and the very short term, but he thinks we should rely on the medium term one that says we can afford tax cuts, extra social spending, the quake rebuilds and debt repayment
30th Nov 16, 4:57pm
RBNZ wary of increasing use by banks of wholesale offshore funding to fill gap left by falling growth of local deposits; says banks raising deposit and mortgage rates to help fill gap; see long term rates having bottomed out
RBNZ wary of increasing use by banks of wholesale offshore funding to fill gap left by falling growth of local deposits; says banks raising deposit and mortgage rates to help fill gap; see long term rates having bottomed out
30th Nov 16, 4:05pm
RBNZ says Kaikoura quakes could cost NZ$3-8 billion, including up to NZ$3 bln of Govt spend and up to NZ$5 bln of insurance; still confident on economy; says insurers can handle claims
RBNZ says Kaikoura quakes could cost NZ$3-8 billion, including up to NZ$3 bln of Govt spend and up to NZ$5 bln of insurance; still confident on economy; says insurers can handle claims
[Updated]
30th Nov 16, 9:18am
RBNZ warns in Financial Stability Report that housing imbalances remain; Wheeler says won't use Debt To Income multiple restriction 'at this time'; RBNZ notes rising use by banks of 'hot' overseas funds
[Updated]
RBNZ warns in Financial Stability Report that housing imbalances remain; Wheeler says won't use Debt To Income multiple restriction 'at this time'; RBNZ notes rising use by banks of 'hot' overseas funds
28th Nov 16, 11:47am
Finance Minister says rise in long term interest rates since Trump's election sign of normalisation of rates and inflation; should signal to home buyers rates have bottomed out; also will help rebalance NZ$ lower
Finance Minister says rise in long term interest rates since Trump's election sign of normalisation of rates and inflation; should signal to home buyers rates have bottomed out; also will help rebalance NZ$ lower
[Updated]
28th Nov 16, 11:31am
PM says Treasury's forecasts of blow-out in debt by 2060 without NZ Superannuation changes "a load of nonsense"; says Treasury couldn't get forecasts right 44 days before Budget 'let alone 44 years out'; also downplays weak productivity
[Updated]
PM says Treasury's forecasts of blow-out in debt by 2060 without NZ Superannuation changes "a load of nonsense"; says Treasury couldn't get forecasts right 44 days before Budget 'let alone 44 years out'; also downplays weak productivity
27th Nov 16, 5:02am
Like any building with concrete cancer, trust in a big society-wide idea can seem very solid right up until the moment of collapse
Like any building with concrete cancer, trust in a big society-wide idea can seem very solid right up until the moment of collapse
[Updated]
24th Nov 16, 10:03am
Bill English and Paula Bennett plan to sell up to 2,500 state houses in Christchurch to community housing provider; includes house John Key grew up in; Housing NZ to retain up to 3,900 homes in Christchurch
[Updated]
Bill English and Paula Bennett plan to sell up to 2,500 state houses in Christchurch to community housing provider; includes house John Key grew up in; Housing NZ to retain up to 3,900 homes in Christchurch
23rd Nov 16, 1:23pm
Ministers announce cap for Recognised Seasonal Employer (RSE) scheme in 2016/17 raised by 1,000 to 10,500; say allows horticulture and wine exporters to keep growing; Winston Peters rails against National's "immigration madness"
Ministers announce cap for Recognised Seasonal Employer (RSE) scheme in 2016/17 raised by 1,000 to 10,500; say allows horticulture and wine exporters to keep growing; Winston Peters rails against National's "immigration madness"
[Updated]
22nd Nov 16, 6:32pm
Treasury publishes Long Term Fiscal Position forecasts; repeats 2013 warning that net debt will blow out to around 200% of GDP by 2060 without changes to NZ Super indexation and age
[Updated]
Treasury publishes Long Term Fiscal Position forecasts; repeats 2013 warning that net debt will blow out to around 200% of GDP by 2060 without changes to NZ Super indexation and age
21st Nov 16, 11:14am
PM meets with Facebook founder Mark Zuckerberg; says told him to fix public perception that Facebook not paying enough tax; Key says feeling that got Trump got elected because voters believe 'world isn't fair'
PM meets with Facebook founder Mark Zuckerberg; says told him to fix public perception that Facebook not paying enough tax; Key says feeling that got Trump got elected because voters believe 'world isn't fair'
[Updated]
21st Nov 16, 11:02am
John Key and Bill English say pre-election tax cut option still open despite Kaikoura rebuild costs; Key sees NZ$8-9 bln surpluses by 2019/20 so Kaikoura rebuild costs of NZ$2 bln 'not material'; HYEFU may be delayed
[Updated]
John Key and Bill English say pre-election tax cut option still open despite Kaikoura rebuild costs; Key sees NZ$8-9 bln surpluses by 2019/20 so Kaikoura rebuild costs of NZ$2 bln 'not material'; HYEFU may be delayed
20th Nov 16, 5:02am
Long term bond yields have risen sharply since Donald Trump's election, which is pushing up mortgage rates and the Government's borrowing costs just as it may have to start borrowing again and just as housing markets are cooling
Long term bond yields have risen sharply since Donald Trump's election, which is pushing up mortgage rates and the Government's borrowing costs just as it may have to start borrowing again and just as housing markets are cooling
17th Nov 16, 6:33pm
Data on non-resident purchases shows 3% of property buyers non-residents for tax purposes, but no way of knowing how many of the other 97% are foreign students or temporary workers; new survey detail due in May
Data on non-resident purchases shows 3% of property buyers non-residents for tax purposes, but no way of knowing how many of the other 97% are foreign students or temporary workers; new survey detail due in May
17th Nov 16, 1:49pm
Steven Joyce and Anne Tolley announce NZ$7.5 mln package of support for Kaikoura businesses with less than 20 workers; NZ$500/week per worker for eight weeks, but may be extended; to cost NZ$7.5 mln
Steven Joyce and Anne Tolley announce NZ$7.5 mln package of support for Kaikoura businesses with less than 20 workers; NZ$500/week per worker for eight weeks, but may be extended; to cost NZ$7.5 mln
[Updated]
17th Nov 16, 10:23am
Insurers put embargo on transferring home insurance from vendors to buyers from Rakaia to Masterton; Wellington deals frozen as mortgages impossible without insurance, say agents; Boom stopped dead in its tracks
[Updated]
Insurers put embargo on transferring home insurance from vendors to buyers from Rakaia to Masterton; Wellington deals frozen as mortgages impossible without insurance, say agents; Boom stopped dead in its tracks
[Updated]
15th Nov 16, 4:05pm
Finance Minister says Government has strong enough balance sheet to borrow billions of dollars needed to rebuild infrastructure around Kaikoura; says "funding is not an issue", although some other projects could be delayed
[Updated]
Finance Minister says Government has strong enough balance sheet to borrow billions of dollars needed to rebuild infrastructure around Kaikoura; says "funding is not an issue", although some other projects could be delayed
[Updated]
15th Nov 16, 1:06pm
Key says main road and rail route from Picton to Christchurch may need realignment or re-routing in long term at huge cost; English highlights damage to main transport links and says Govt finances can handle repair costs
[Updated]
Key says main road and rail route from Picton to Christchurch may need realignment or re-routing in long term at huge cost; English highlights damage to main transport links and says Govt finances can handle repair costs
[Updated]
14th Nov 16, 6:31am
7.5 earthquake near Hanmer at 12.02 am damages Kaikoura; felt strongly in Wellington; reports of damage in Wellington buildings; Tsunami warning downgraded
[Updated]
7.5 earthquake near Hanmer at 12.02 am damages Kaikoura; felt strongly in Wellington; reports of damage in Wellington buildings; Tsunami warning downgraded
