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Budget 2021: Spend or Save? Finance Minister s dilemma

Budget 2021: Spend or Save? Finance Minister s dilemma 14 May, 2021 05:00 PM 9 minutes to read Grant Robertson s Budget balancing act. Cartoon / Rod Emmerson Our expectations are low. And they ll be met, says Alan McDonald, head of advocacy and strategy at the Employers and Manufacturers Association. Grant [Robertson] seems to be signalling an austerity type Budget and where he is talking about spending money – which is education, health and beneficiaries – that s their core stuff, not ours. It s a blunt but succinct preview of the 2021 Budget from a business leader under no pressure to be politically diplomatic. Robertson, to be fair, completely rejects suggestions that this will be an austerity Budget.

Liam Dann: Jobs data shows we re through the worst of Covid shock

Liam Dann: Jobs data shows we re through the worst of Covid shock 5 May, 2021 05:42 AM 5 minutes to read Unemployment fell to 4.7 per cent in the March quarter, beating the expectations of even the most optimistic economists. Photo / File Unemployment fell to 4.7 per cent in the March quarter, beating the expectations of even the most optimistic economists. Photo / File OPINION: The first three months of 2021 was supposed to be a real test of New Zealand s economic strength as the reality of the pandemic border closures hit home. Today s remarkably strong labour market data shows it was a test that we have passed.

House prices: Experts predict where the market is headed

House prices: Experts predict where the market is headed 9 minutes to read After last month s big policy announcement, what s left for the Government to do on housing affordability? Plenty, say economists who will be looking to this month s Budget for more action on the supply side of the market equation. Essentially, there are two ways to affect prices. You can limit demand by either reducing the number of potential buyers or by making it less attractive to buy more houses. On that front, the Government appears to have gone about as far as it can without introducing a full capital gains tax (which it has ruled out).

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