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The Latest Breaking News from Grant Robertson

This is the biggest house sale loss – but worse is to come as interest rates rise

Today's Reserve Bank rates decision is heralded by economists as its most important since Covid. An anticipated OCR hike will put new pressure on mortgaged homeowners in election year. Jonathan Milne reports.

Newsroom.co.nz

What the hell's going on with migrant workers?

Migration numbers have risen rapidly after the borders opened, but the Treasury forecasts they will fall just as fast. That's good news for workers' wages, but bad news for employers, reports Jonathan Milne.

Newsroom.co.nz

Robertson pleased with New Zealand Budget response

New Zealand's media has reviewed Labour's election year budget well but the true test will be in GDP figures and the Reserve Bank review in coming weeks.

AAP

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Budget 2023: Hipkins' pragmatic push puts National in tight spot

Chris Hipkins' first Budget as Prime Minister was deliberately unambitious compared to those under Jacinda Ardern - but a shared appreciation for universalism has put National in an awkward spot.

Newsroom.co.nz

Robertson becomes ever less the visionary leader

In the Budget James Shaw was the only minister to link how a sustainable, climate-compatible economy generates wealth in all its forms. Every minister should have made variations on that theme

Newsroom.co.nz

Budget 2023: Jibes and jabs from the Opposition

From the “no frills” Budget to the “blowout” Budget, the speeches in the House on Thursday had plenty of one-liners and no shortage of over-used catchphrases. Political editor Jo Moir was there to watch it all.

Newsroom.co.nz

For a no-frills New Zealand budget it was ‘surprisingly frilly’: 5 experts on Labour’s big pre-election calls

Grant Robertson’s sixth budget was an exercise in threading various needles. Much of its substance had already been foreshadowed, and to begin with the mood music was suitably sober.

The Conversation

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New Zealand boosts budget funding for climate resilience in wake of Cyclone Gabrielle

Finance minister Grant Robertson says initial phase will fund cyclone recovery before improving infrastructure to withstand climate extremes

The Guardian - AU

New Zealand budget plan offers modest financial relief ahead of election

Months before an election, New Zealand’s government is offering some modest financial relief to many people by making most prescription medicines free and increasing subsidies for childcare and public transportation

The Independent UK

New Zealand budget 2023: Chris Hipkins focuses on young families suffering in cost of living crisis

Prime minister offers measures to ease cost of raising children as part of promise to focus on ‘bread-and-butter issues’ ahead of election

The Guardian - AU

Budget 2023: No ‘major’ new taxes but $80b more tax revenue

High-earning New Zealanders moved nearly $6 billion income a year into trusts after the Government introduced a new 39c personal tax rate – but now Inland Revenue will chase it down.

Newsroom.co.nz

Budget 2023: ECE expansion, prescription changes in 'pragmatic' plan

The Finance Minister has unveiled a measured Budget as New Zealand is forecast to avoid recession - but low growth and peak unemployment expected to hang around.

Newsroom.co.nz

Budget's main relief slow to land for parents

The cornerstone of the Government’s cost-of-living package won’t kick in for almost a year. It isn’t the big ideas Budget Grant Robertson would have liked to deliver and leaves it exposed to attacks from the Opposition in election year, writes political editor Jo Moir.

Newsroom.co.nz

New Zealand set to deliver no frills budget as election looms

New Zealand is set to deliver what it calls a "no frills" budget on Thursday as falling tax revenues squeeze coffers and inflation risks cap cyclone reconstruction efforts, constraining stimulus as the Labour government faces an election this year.

Reuters

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ABC News

Loafers Lodge hostel fire was raging, with no sprinklers to stop it, by the time help arrived

Emergency services teams begin work to assess the fatal fire at Loafers Lodge, determined to understand how the tragedy occurred.

The Conversation

Wellbeing is so last year – Labour's 'no frills' budget points to an uninspiring NZ election

If the recent flood of sleep-inducing pre-budget speeches and commentary is any indication, New Zealand voters can expect largely unimaginative leadership that fails to prepare the country for an uncertain future, regardless of who wins October’s election.

Newsroom.co.nz

What's got Grant Robertson so bogged down?

Between Covid-19, natural disasters, and record inflation, it would be understandable if the Finance Minister was running out of steam, writes political editor Jo Moir.

Newsroom.co.nz

Raw Politics: A Budget of bits, a coalition of chaos

This week on the Raw Politics podcast: Grant Robertson's eye-of-a-needle Budget's narrow political options, plus ACT's disciplined caucus amid chaos

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Newsroom.co.nz

Budget plea to Grant Robertson to return NZ economy's focus to wellbeing

Wellbeing Economy Alliance co-founder Katherine Trebeck is to meet with finance minister before the Budget – and says her message won't be diplomatic. Jonathan Milne reports.

Newsroom.co.nz

Govt to pick up some flood retreat costs insurance firms can't cover

Facing resistance to moving people off disaster-prone family land, Finance Minister Grant Robertson must use this month's Budget to meet some of the anticipated $8 billion shortfall in rebuild costs, writes Jonathan Milne.

Newsroom.co.nz

Ministers consider whether community services card 'fit for purpose'

Carmel Sepuloni and Grant Robertson are both open to changing the thresholds for community service cardholders, which currently penalise people trying to save for their retirement.

Newsroom.co.nz

Jacinda Ardern hugs her way out of Parliament

A self-described “hugger and crier”, Jacinda Ardern said she once went to see Trevor Mallard to get advice on how to “harden up”. The former Prime Minister has left Parliament for the final time reminding everyone that you don’t have to change who you are to be a politician.

AAP

New Zealand GDP down 0.6 per cent in Q4 2022

New Zealand has had a 0.6 per cent contraction in GDP in the December 2022 quarter, beginning a predicted 2023 dip a quarter earlier than expected.

The New Daily

New Zealanders all traced after Cyclone Gabrielle

All New Zealanders have been accounted for after Cyclone Gabrielle and the costs of the disaster are tracking lower than first thought.

Newsroom.co.nz

Govt to announce forestry slash investigation this week

The Government will this week announce next steps in dealing with forestry slash after it contributed so extensively to the damage on the East Coast during Cyclone Gabrielle

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