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The Latest Breaking News from Nicola Willis

The Latest: Israel launches strikes on 'heart of Tehran' as Trump delays Strait of Hormuz deadline

Israel’s military says it struck “the heart of Tehran” early Friday while smoke was seen billowing in the Beirut skyline

The Independent UK

Distant conflict, local crisis: is this oil shock the wake-up call NZ needed?

In recent years, there has been no shortage of warnings about the fragility of New Zealand’s largely imported fuel supply.

The Conversation

New Zealand to give cash payments to some families as US-Iran war deepens fuel crisis

Just 47 days of combined petrol, diesel and jet fuel stocks left in New Zealand

The Independent UK

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Soaring fuel costs prompt New Zealand subsidy

About 150,000 New Zealand families will receive a $50 weekly rebate as the government looks to offset the soaring cost of fuel.

AAP

New Zealand to give cash payments to some low income families as global fuel crisis worsens

Policy begins on 1 April and is aimed to ease financial pressure as the price of fuel surges due to conflict in the Middle East

The Guardian - AU

Return to surplus pushed out again in New Zealand

New Zealand's fiscal woes are set to lengthen with the mid-year budget pushing out a return to surplus to 2030.

AAP

Nicola Willis is right: NZ’s economy isn’t as bad as the ‘merchants of misery’ claim

Finance Minister Nicola Willis has called them the “merchants of misery”, but critics of her government’s economic performance doubled down when the June quarter GDP figures showed a contraction in many sectors.

The Conversation

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NZ economy shrinks, fuelling bets of steeper rate cuts

A sharper-than-expected contraction in the New Zealand economy has fuelled expectations of a higher interest rate cut in October.

AAP

Rich Americans flock to apply for New Zealand’s ‘golden visas’ after rules relaxed

Coalition government loosened requirements for its Active Investor Plus visa in bid to boost flagging economy

The Guardian - AU

New Zealand takes scalpel to foreign aid budget

New Zealand foreign aid will fall to 0.24 per cent of gross national income, with particular cuts in climate finance in the government's latest budget.

AAP

NZ Budget 2025 at a glance: follow the money here

Finance Minister Nicola Willis delivered a pragmatic budget today, balancing fiscal discipline and the promise of economic growth.

The Conversation

New Zealand stuck in red as government chases growth

New Zealand is mired in deficits and debt, with Finance Minister Nicola Willis's second budget showing the nation's economic pain.

AAP

New Zealand's 'growth budget' set to cut, cut, cut

New Zealand's finance minister says her budget will be a "no BS budget" which funds the things Kiwis can afford, and no more.

AAP

Women revolt at NZ government's pay equity walk-back

An estimated 150,000 workers in female-dominated industries will miss out on increased pay after the New Zealand government axed their pay equity claims.

AAP

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The Guardian - AU

‘Hollowing out’: New Zealand grapples with an uncertain future as record numbers leave

Surge of departures – mostly fleeing a weak economy – fuels concern over the longer-term impact on the country as some small towns scramble for survival

The Conversation

Willis warns of a ‘tight’ budget to come, but NZ should be going for productivity, not austerity

Finance Minister Nicola Willis has warned her 2025 “Growth Budget” will be “one of the tightest budgets in a decade”, with plans to reduce spending by billions.

AAP

More cuts coming in no-frills New Zealand budget

Finance Minister Nicola Willis has reiterated her goal to get New Zealand's budget back in surplus by 2028 and has cut her own allowance to do so.

AAP

New Zealand inflation ticks up to 2.5 per cent

New Zealand's finance minister has declared the era of high inflation over as the nation's CPI registered at 2.5 per cent in the year to March 2025.

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AAP

Frugal Kiwi government takes axe to central bank budget

The Reserve Bank of New Zealand is "redesigning" its operations after the government announced funding cuts of 25 per cent from July.

The Conversation

Stop waiting for a foreign hero: NZ’s supermarket sector needs competition from within

New Zealand’s concentrated supermarket sector is back in the spotlight after Finance Minister Nicola Willis said she was open to offering “VIP treatment” to a third international player willing to create competition.

AAP

NZ Reserve Bank governor Adrian Orr quits unexpectedly

New Zealand's top central banker, Adrian Orr, has left the post after seven years in the job and inflation back in the target band.

The Conversation

With billions in ‘profit’ exempt from tax, changes to NZ’s charity rules are long overdue

The profit made on every breakfast bowl of weet-bix is tax exempt, giving Sanitarium Health Food Company, owned by the Seventh-day Adventist Church, an advantage over other breakfast food companies. But this could be about to change.

AAP

New Zealand unemployment rate climbs to 5.1 per cent

New Zealand's opposition has blamed Chris Luxon's government for job losses after the country's unemployment rate reached 5.1 per cent.

The Guardian - AU

New Zealand relaxes visa rules to lure digital nomads and influencers

Changes mean visitors and influencers working for foreign employers can stay longer in bid to boost tourism

The Conversation

Luxon goes all out for growth in mining and tourism – we should be careful what he wishes for

Prime Minister Christopher Luxon’s state-of-the-nation address yesterday focused on growth above all else. We shouldn’t rush to judgement, but at least one prominent financial commentator has concluded the maths behind the goals “just doesn’t add up”.

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