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The Latest Breaking News from Budget

Budget 2023: No ‘major’ new taxes but $80b more tax revenue

High-earning New Zealanders moved nearly $6 billion income a year into trusts after the Government introduced a new 39c personal tax rate – but now Inland Revenue will chase it down.

Newsroom.co.nz

Budget 2023: Climate fund slashed by $800m

While nearly $2 billion of new climate-related spending was announced in Budget 2023, funding for future policies was cut by $800 million.

Newsroom.co.nz

Budget 2023: ECE expansion, prescription changes in 'pragmatic' plan

The Finance Minister has unveiled a measured Budget as New Zealand is forecast to avoid recession - but low growth and peak unemployment expected to hang around.

Newsroom.co.nz

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Budget's main relief slow to land for parents

The cornerstone of the Government’s cost-of-living package won’t kick in for almost a year. It isn’t the big ideas Budget Grant Robertson would have liked to deliver and leaves it exposed to attacks from the Opposition in election year, writes political editor Jo Moir.

Newsroom.co.nz

Budget: Time to pay the piper for Three Waters IT system

The Government goes into this week's Budget with a list of $16 billion in quantifiable contingent liabilities; some costs may never transpire but some will now come due

Newsroom.co.nz

Welfare spending has been getting a regular pruning

Central allocations for various welfare schemes and sectors in India that ensure basic rights have declined as a proportion of GDP

The Hindu

PM dodges questions over elderly living in poverty

Though no political leader will commit to means-testing superannuation as it would amount to political-suicide, there’s an argument to be made for doing so for the winter energy payment

Newsroom.co.nz

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Rishi Sunak has questions to answer over grant to firm wife has stake in, says Keir Starmer

The Labour leader said there seemed to be an ’emerging pattern of behaviour’ when it came to Rishi Sunak’s family’s financial interests

The Independent UK

Starmer: PM has questions to answer over UK grant to firm wife has stake in

The Labour leader said there seemed to be an ’emerging pattern of behaviour’ when it came to Rishi Sunak’s family’s financial interests.

The Independent UK

Ombudsman makes late Budget bid following cyclone devastation

As communities recover from severe weather events, a key watchdog says he needs more staff to handle a likely spike in complaints about government agencies.

Newsroom.co.nz

Poll promises may require major rejig of budgetary allocation

Karnataka’s budgetary allocation may have to undergo a major rejig to implement the poll promises made by the Congress and the Janata Dal (Secular), if either of them come to power after the May 10 Assembly elections.

The Hindu

Taoiseach rules out price controls on groceries amid 'rationing' concerns

The Labour Party's finance spokesperson Ged Nash told Taoiseach Leo Varadkar that families are facing rising grocery prices as he called for price controls

Irish Mirror

Sharp Budget cut in MGNREGS outlay will kill the scheme: Udit Raj

The sharp Budget cut for the MGNREGS has left the State governments paralysed, senior Congress leader and chairman of the party’s “unorganised workers and employee” wing Udit Raj said.

The Hindu

Rishi Sunak's 14 worst gaffes and scandals from his first six months in No10

It's been six months since Rishi Sunak stood on the steps of Downing Street pledging a Government with 'integrity, professionalism and accountability'. Since then three cabinet members have left under a cloud and he's being investigated by Parliament's standards watchdog

Daily Mirror

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Looking beyond Aussie and China for trade wins

The citizenship announcement in the late hours of Friday night left some New Zealand officials with the impression the Australian government was trying to quietly bury it. Now that it has finally been put to rest it means New Zealand can focus its diplomatic energy elsewhere.

Newsroom.co.nz

Read my lips: No new major taxes, Govt must live within its means

PM Chris Hipkins' economic focus will not be on extracting more tax from wealthy ageing moguls, but increasing productivity from young workers

The Guardian - AU

Barry Humphries’ family discussing state funeral; young carers to get study funding boost – as it happened

This blog is now closed

Irish Mirror

Cost of living: Taoiseach says energy credit decision will be 'revisited' closer to Budget

The Government ruled out the introduction of more energy credits in February, but Taoiseach Leo Varadkar has now said that the situation will be revisited closer to Budget time

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Daily Mirror

Schoolgirl asks Rishi Sunak how he can solve cost of living crisis as he's so rich

The under-fire Prime Minister was grilled about his wealth in a special programme to be screened on the Sky Kids channel on Friday

Irish Mirror

Michael McGrath appears to tamper Budget expectations following last year's massive giveaway

The Stability Programme Update (SPU) published on Tuesday afternoon predicted a €10bn Budget surplus for 2023. Next year's surplus is calculated at €16bn.

Evening Standard

‘Nothing sinister’ in how Rishi Sunak declared his wife’s shares in childcare agency, says minister

Policing minister Chris Philp said the PM had followed the correct procedure for highlighting ministerial interests

The Independent UK

Rishi Sunak faces probe by ethics watchdog over Budget ‘benefit’ to wife’s shares in childcare agency

PM accused of ducking ‘proper scrutiny’ as he faces probe relating to wife’s shares in firm boosted by Budget

Daily Mirror

'Rishi Sunak's enormous wealth is a chasm between him and the rest of us'

The Commons inquiry into whether the Tory leader should have flagged his wife’s stake in a childcare business before the Budget once again illustrates this point

Evening Standard

OPINION - Rishi Sunak under investigation over possible failure to declare interest

Well, that’s one way to displace our front page story on the crisis of patients waiting more than 12 hours in A&E. It was revealed this afternoon that the prime minister is being investigated by Parliament’s standards watchdog over allegations of a possible failure to declare the shares his wife,…

The Independent UK

Why is Rishi Sunak being investigated by standards watchdog?

PM is being probed over possible failure to declare shares his wife holds in childcare agency boosted by Budget

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