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The Latest Breaking News from Nicola Willis

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

‘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 Guardian - AU

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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.

The Conversation

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.

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.

AAP

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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.

The Conversation

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.

AAP

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.

The Conversation

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.

AAP

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 Guardian - AU

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”.

The Conversation

Own goal? Govt sets new $4b goalpost for ferries

Analysis: A new number soared up the political charts yesterday. Four. Billion. Dollars. The likely blow-out cost of the Project iRex mega-ferries and terminals, from which Nicola Willis has saved the taxpayer. That’s how she enunciated it on first reading it off her notes, as it aware of its import.…

Newsroom.co.nz

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The Independent UK

Police car crashes into New Zealand prime minister's limousine, but no one is hurt

Officials say a police car drove into the rear of a limousine transporting New Zealand's Prime Minister Christopher Luxon and Finance Minister Nicola Willis and no one was hurt

The Conversation

The NZ Super Fund has Israeli investments worth $35 million – could it divest?

The decision by Israel’s parliament to designate the United Nations’ Palestinian relief agency UNRWA a “terrorist organisation” has been condemned by many governments, with claims it will create a “catastrophe in what is already an unmitigated disaster”.

The Conversation

Social investment is back – and so are the risks of using data to target disadvantage

With the recent establishment of a new Social Investment Agency – described as a “driving project” for the government by Finance Minister Nicola Willis – it seems New Zealand has come full circle on this approach to social welfare.

The Conversation

Tougher than the GFC: why NZ’s small businesses may be in worse shape than in 2008

With rising costs and drops in consumer spending, small businesses have been struggling lately.

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Al Jazeera

New Zealand’s young leaving in record numbers as cost of living bites

New Zealanders are seeking opportunity overseas at unprecedented rates amid disillusionment over house prices and jobs.

AAP

Sustainable fuel hopes take off with eyes on emissions

Flights could become more environmentally friendly as Australia and New Zealand explore ways to produce sustainable aviation fuel at home.

Al Jazeera

New Zealand exits recession, but economic troubles linger

GDP grows 0.2 percent in first quarter, buoyed by record immigration.

The Conversation

Pay transparency would help close NZ’s gender gap – why is progress so slow?

Announcing her government’s plan to disestablish the Equal Pay Taskforce in May, Minister for the Public Service Nicola Willis argued the “process for settling pay equity claims has now matured” enough that the taskforce was no longer required.

The Conversation

NZ Budget 2024: ‘tax relief’ for the ‘squeezed middle’ – but who’s paying? 7 experts follow the money

Honestly, who would want to be Nicola Willis at this point?

AAP

NZ cancer patients miss out in campaign pledge backdown

Conservation groups will stage a "March for Nature" next week to protest government cuts to climate and environment projects.

AAP

Brighter inflation outlook in NZ, despite fiscal gloom

New Zealand's Treasury believes inflation could be tamed within months in a surprisingly positive outlook published on budget day.

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