TL;DR: Be careful what you wish for. That’s the message from a couple of unlikely critics of a prospective National-ACT Government.
Goldman Sachs has warned National’s tax cuts could be inflationary and force the Reserve Bank to either hike again or keep interest rates high for longer than under the alternative of a third term for Labour. Also, Auckland Council Mayor Wayne Brown has come out swinging against National’s plan to remove the regional fuel tax on Auckland drivers without compensation, saying it would trigger even bigger council rates hikes.
Elsewhere in the news this morning:
Wellington City Council reported the cost to repair Wellington’s quake-prone Town Hall has blown out to as much as $329 million;
Christopher Luxon ruled out a deal to get The Opportunities Party into Parliament Newshub; and,
September was Aotearoa/New Zealand's warmest September on record, coming in at 1.3˚C above average, NIWA reported.
Paying subscribers can see more detail below the paywall fold and more of my analysis in the podcast above.
Top five news items in Aotearoa’s political economy
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