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"Today’s Westpac McDermott Miller Consumer Confidence Index shows that New Zealand is heading towards a recession, with consumer confidence at its lowest level since 1988," says ACT Leader David Seymour.
An independent report from KPMG in the United Kingdom has found New Zealand’s illicit loose leaf tobacco market grew to more than 185,800kg in 2021, of which 13,500kg was grown illegally on New Zealand soil. 9.6% of smokers reported purchasing illicit tobacco in the last 12 months.
The road transport industry has challenged the Government to extend the reduction in fuel excise and road user charges (RUC) indefinitely.
The substantial premises containing one of New Zealand’s largest pie manufacturers is the latest real estate asset to be added to a fast-growing property fund specifically set up to purchase low-risk commercial real estate assets.
Midwives are celebrating the $40 a week increase in Paid Parental leave entitlements from 1 July as they see daily, new parents struggling to meet rising costs.
Today’s GDP figures make tax relief even more pressing as the economy shrinks and householders do it tough, says New Zealand’s largest centre-right pressure group, the Taxpayers’ Union.
Union Executive Director, Jordan Williams, said:
Today’s release of GDP data is more bad news for New Zealanders already struggling with the cost of living crisis, National’s Finance spokesperson Nicola Willis says.
"Today’s GDP numbers show that New Zealand is halfway down the road to recession, as we forecast in March," says ACT Leader David Seymour.
Questions are being raised around why Auckland Council has granted Tupuna Maunga Authority a 20% ($2 million) operational budget increase at a time that it is raising rates, selling parks and cutting services in order to stay afloat.
Marlborough District Council confirmed its funding priorities for its Annual Plan 2022-2023 yesterday, after considering 78 submissions from the public.
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