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IN THIS WEEK'S ISSUE

23 February 2017

  • This Week...The first Colmar Brunton poll of the year underlined what a tight election battle is looming. Labour lifted to 30% with the Greens at 11%, while National’s support slipped 4 points to 46%. NZ First stood at 11%, though its role as the probable “kingmaker” is cast into some doubt because of the deal between the Maori Party and Hone Harawira’s Mana Party.
  • The Govt has made a commitment to tax cuts in this year’s budget, (a commitment reaffirmed by Finance Minister Steven Joyce as recently as last week). Clearly it believes it is time to share in the fruits of the economic progress made since coming to power. Tax revenues are running away ahead of forecast, and for the first time since 2008 the Govt’s books are in surplus halfway through the year.
  • At the ANZAC summit in Queenstown at the weekend Aust PM Malcolm Turnbull insisteds a single economic market between Aust and NZ is “getting closer.” Unlike most Aust leaders, Turnbull holds NZ in high regard, particularly for the economic reforms which are placing it in the forefront of the OECD.
  • And setting out his vision for the future, Finance Minister Steven Joyce contends NZ can place itself at the centre of a strongly growing Asia-Pacific region over the next 20 years, with all the benefits it will bring in terms of prosperity for NZers. Joyce contends NZ is growing “at an unusually strong and sustained pace” compared with the rest of the developed world. Growth at such a pace brings with it some challenges - both the international ones and the challenges of catering for growth.

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