TLDR: The Government has rebuffed fresh calls for a windfall profits tax on electricity generators, saying prices hadn’t risen that much and it already had a lot on its plate.
Elsewhere in the news here and overseas overnight and this morning:
Presidents Xi and Biden met to exchange warnings, but are at least speaking;
Anthony Albanese will meet Xi today in major warming of relations between Australia and China; and,
NZ emergency departments are in crisis with hundreds waiting over 24 hours.
Watch out later today for fresh details on the Government’s RMA reform legislation. I’ll be in a lockup in Parliament until early afternoon with the details and will report for subscribers this afternoon. Paying subscribers can see more below the paywall fold and in the podcast above.
In Aotearoa’s political economy
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