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The Latest Breaking News from Nicola Willis

No surplus in sight as New Zealand outlook worsens

New Zealand Finance Minister Nicola Willis has pledged to deliver income tax cuts in the May 30 budget even as the government books worsen.

AAP

New Zealand slips into second recession in 18 months

Political parties trade blame for economic slump that follows aggressive interest rate hikes to tame inflation.

Al Jazeera

Australia, NZ hold trans-Tasman treasurer talks

Australian Treasurer Jim Chalmers has met with his New Zealand counterpart, Finance Minister Nicola Willis, in Sydney.

AAP

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NZ PM Luxon rules out Treaty of Waitangi referendum

New Zealand Prime Minister Chris Luxon insists discussions among Maoridom are positive despite concerns regarding his government's agenda.

AAP

NZ government axes $7b in projects as forecasts worsen

New Zealand Finance Minister Nicola Willis says the previous government were "economic and fiscal vandals", revealing a worsening set of economic forecasts.

AAP

Further MPs admit taking Maori classes on public purse

New Zealand's government is being accused of hypocrisy on taxpayer-funded classes after revelations parliament paid for the PM to learn Maori language te reo.

AAP

NZ government cans new Cook Strait ferries

KiwiRail will need a new plan to replace their aging Cook Strait ferries after the New Zealand government shelved their replacements due to cost blowouts.

AAP

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NZ government's first law to reform Reserve Bank

The Reserve Bank has been ordered to focus on fighting inflation - and not maximising employment - by the New Zealand coalition government.

AAP

The government hopes private investors will fund social services – the evidence isn't so optimistic

It was scarcely mentioned during the election campaign, but we will undoubtedly be hearing more about “social investment”.

The Conversation

New Zealand mini-budget to address 'fiscal cliff' risks

New Zealand faces a multi-billion dollar blowout, Finance Minister Nicola Willis says, as she pours over the government's books ahead of a mini-budget.

AAP

Nicola Willis warns of fiscal ‘snakes and snails’ – her first mini-budget will be a test of NZ’s no-surprises finance rules

New finance minister Nicola Willis has claimed she was blindsided by the state of the government’s books. Days after stepping into the role, she said:

The Conversation

Irish Prison for Edgelords and Hotheads?

Plus: Repealing tobacco bans, UN pointlessness, Substack's "Nazi problem," and more…

Reason

New Zealand's new government plans to roll back cigarette ban as it funds tax cuts

Prime Minister Chris Luxon was sworn in on Monday — and strict anti-smoking laws are set to become a casualty of the compromises needed to form a governing coalition.

WEKU

New Zealand scraps world-first smoking ‘generation ban’ to fund tax cuts

Health experts say axing plan to block sales of tobacco products to next generation will cost thousands of lives

The Guardian - AU

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AAP

New Zealand deputy PM down to Seymour or Peters

ACT leader David Seymour or NZ First's Winston Peters will become New Zealand's deputy prime minister after National deputy Nicola Willis ruled herself out.

The Conversation

Winston Peters back in the driver's seat for coalition negotiations

Here go again. The final results of this year’s election have delivered two more seats to te Pati Māori, thereby increasing the size of New Zealand’s 54th Parliament to 123 seats (once the Port Waikato by-election has taken place).

Newsroom.co.nz

Back-channels shift sands on which National’s property and tax package is built

The luxury housing market is gearing up for National to lift the foreign buyer ban for properties over $2 million, but Christopher Luxon faces staunch opposition from NZ First. Jonathan Milne reports.

Newsroom.co.nz

Winston's move next as Luxon and Seymour hold fire

Analysis: Christopher Luxon and David Seymour are in regular contact as they try to get traction on a new government, but with New Zealand First still in the frame there’s little appetite to start formal talks.

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Newsroom.co.nz

Campaign contest turns to who is the most negative

The two Chrises from the Hutt are in a war of words over which party's campaign is the most negative and misleading, reports Emma Hatton

Newsroom.co.nz

Finance debate: Robertson finds 'new hole' in National's foreign buyers tax

The final finance debate of the election campaign was another fiery clash between Grant Robertson and Nicola Willis over government spending and National's tax plan.

Newsroom.co.nz

Campaign chairs get claws out over debate

Labour says the opposition is chickening out but National says it's ridiculous to be accused of pulling out of a debate the Labour leader can't make

Newsroom.co.nz

An Ode for .. the Kingmaker

Bard Billot on Lord Winston, The Duke of Hazard

Newsroom.co.nz

National's fiscal plan doesn't answer tax cut questions

National may have hoped its detailed fiscal plan would put to bed the lingering questions about how it will pay for its tax cuts, but there are no satisfactory answers in sight.

AAP

NZ Labour likens Luxon to Eddie Jones in fiscal fight

New Zealand's Opposition National party has released its alternative budget, promising more disciplined spending to pay for income tax cuts.

Newsroom.co.nz

Fiscal plans fly as overseas voting opens

The Labour Party has released its fiscal plan showing how its election promises and the ongoing cost pressures in the public sector would fit within Budget allowances.

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