Dene Mackenzie

Peters criticises Auckland-centric Budget

Peters criticises Auckland-centric Budget

Budget 2016 would be obsessed with Auckland issues and preoccupied with a vain attempt to solve the problems resulting from record immigration mainly to Auckland, New Zealand First leader Winston Peters said yesterday.

'Rainy day' Budget likely

'Rainy day' Budget likely

Debt repayment is set to be a high priority when Budget 2016 is released on Thursday as the Government tries to build up its "rainy day'' coffers.

Record immigration expected to slow

Net migration is continuing to run at record highs but there are signs the inflow has reached its peak.

Government urged to support the regions

Government urged to support the regions

The Otago Chamber of Commerce is urging the Government to look towards the regions when Budget 2016 is released on Thursday.

Deloitte praises simpler tax law

Deloitte praises simpler tax law

Recent moves to simplify the details in Government legislation had been well-received and businesses were crying out for more, Deloitte Dunedin partner Kyle Cameron said.

Little needs to be vocal on housing

Comment

Labour leader Andrew Little took the easy option in his pre-Budget speech yesterday, highlighting two things Finance Minister Bill English is certain to mention in his speech on Thursday - health and education.

NZ 'on way to major housing crisis'

NZ 'on way to major housing crisis' On a visit to Dunedin yesterday, Labour leader Andrew Little said New Zealand was on its way to a major housing crisis.

Job market strength positive

Job market strength positive

The ANZ Job Ads series is suggesting the New Zealand labour market remains fairly strong and it is a question of when, not if, this flows into an acceleration in wage growth.

Farmgate payout likely to increase

Fonterra is likely to lift its farmgate milk price payout to farmers when it makes its announcement next week but economists are divided about where the payout will settle.

Two-year outlook suggests low inflation could become embedded

The risk of low inflation becoming embedded in New Zealand seems to rise substantially when two-year-ahead expectations are analysed, HSBC chief economist Paul Bloxham says.