New Zealand | After Ardern
Written before Hipkins won the leadership.
“My current view is this cements the likelihood of a National-ACT victory on October 14, with no fundamental change in tax, Government spending or social policies, other than the reversal of Labour’s interest deductibility and bright-line measures, along with the truncation of Three Waters, the removal of the clean car rebate scheme and no follow-through on a levy on farm emissions.”
“From a purely political and financial view, it’s more likely to lower interest rates, increase residential land prices, increase net migration, increase nominal GDP, lower the Budget deficit, lower net debt-to-GDP, further restrict productivity growth, slow real wage growth and increase the emigration of young New Zealanders who come from renting families.
Written before Hipkins won the leadership.
“My current view is this cements the likelihood of a National-ACT victory on October 14, with no fundamental change in tax, Government spending or social policies, other than the reversal of Labour’s interest deductibility and bright-line measures, along with the truncation of Three Waters, the removal of the clean car rebate scheme and no follow-through on a levy on farm emissions.”
“From a purely political and financial view, it’s more likely to lower interest rates, increase residential land prices, increase net migration, increase nominal GDP, lower the Budget deficit, lower net debt-to-GDP, further restrict productivity growth, slow real wage growth and increase the emigration of young New Zealanders who come from renting families.”
💬 Bernard Hickey
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