The government’s extraordinary measures to halt Covid-19 and support the economy have had extraordinary public support. Tony Burton argues that the hard choices about who pays for it will be far less popular. I have lived with a skeleton since the lockdown. It’s white and shiny and takes up half the space in my living … Read more
A range of scenarios has been released by Treasury, modelling the potential impact of Covid-19 on the economy. How bad could the damage be? Here’s a cheat sheet. What is the starting point for these scenarios? Treasury has looked at several different scenarios for how lockdown measures to fight Covid-19 will affect the economy, and … Read more
The government is spending $12.1 billion to counter the Covid-19 crisis. Where is the money being targeted? Here are the essentials. What’s all this then? With recession bearing down on the country, and a large numbers of jobs at risk of being lost, the government has ploughed billions of dollars into the economy. The main … Read more
Good morning and welcome to The Bulletin. In today’s edition: Capacity constraints loom large in spending stimulus, pilot speaks out about slow Whakaari recovery efforts, and carbon monoxide levels are high. The fundamentally conservative approach of finance minister Grant Robertson has continued, even as he has moved to loosen the purse strings. The top lines of … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Why the OCR cut is a big deal, significant non-compliance on Waikato dairy farms revealed, and major changes to Misuse of Drugs Act passed. The Reserve Bank has cut the OCR further than expected, bringing it down to 1.00% rather than the 1.25% that was … Read more