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Prices & Spending

Gull to hold price for weekend

Gull to hold price for weekend
Gull General Manager Dave Bodger noted today that the decision to hold off increasing petrol prices this week was the correct one.

No place for Wall St greed in NZ electricity market - Labour

No place for Wall St greed in NZ electricity market - Labour
Labour's Energy spokesperson David Parker says he hopes the Electricity Authority will today reverse the unprecedented overcharging by Genesis Energy for electricity on 26 March this year. "The Authority's due to deliver its judgment today," David Parker said.

Game bird season opens this weekend

With the game bird season opening this weekend, Fish & Game NZ is encouraging experienced hunters to introduce new participants to this Kiwi tradition - young people in particular. The game bird season begins this Saturday, May 7.

Petrol prices unchanged, diesel down

Petrol prices unchanged, diesel down
Despite rising oil prices, the petrol price stayed at $2.19 a litre during April while diesel prices dropped six cents to end the month on $1.64 a litre.

Westpac continues strong momentum in subdued environment

Westpac New Zealand has reported cash earnings (Net Profit After Tax) of $210 million for the half year to March 31 2011, a lift of 68% on the corresponding period last year.

Labour Leader visits Whanganui

Labour Leader Phil Goff will spend the day in Whanganui and the surrounding region tomorrow. He will meet with locals concerned about the rising cost of living, funding cuts to Early Childhood Education and other issues including National's plan to sell off valuable state-owned assets.

Chadwick: Government lacks compassion for seniors

The latest Ministry of Social Development report, The Business of Ageing, firmly illustrates that the National Government is more focused on pressuring seniors to contribute to the economy than their overall health and wellbeing, says Labour's spokesperson for Senior Citizens Steve Chadwick.

Wage growth less than half inflation rate

Wage growth is lagging well behind the rate of inflation as Kiwis struggle increasingly desperately to cope with the cost of living, Labour's Finance spokesperson David Cunliffe said today.

Workers' wages are not keeping up with costs while executive salaries gallop

"Wages fell well behind price increases in the last three months for most people. Meanwhile top executives are getting percentage pay rises in the double digits", says Bill Rosenberg, CTU Economist.

Street: Essential medicines must remain affordable for sick Kiwis

Street: Essential medicines must remain affordable for sick Kiwis
Unwell Kiwis would be the losers if New Zealand were to fall over in the face of the predictable attack from United States pharmaceutical companies gearing up for the next round of negotiations in the Trans-Pacific Partnership, says Labour's Trade Spokesperson, Maryan Street and Labour Associate

$80 doctor's bill for 94-year-old shows Ryall has priorities wrong

$80 doctor's bill for 94-year-old shows Ryall has priorities wrong
Reports that a 94-year-old woman, with a community services card, was charged $80 to attend an after hours clinic on Good Friday are a sign that Tony Ryall and the National-led Government have their priorities in health all wrong, Labour Spokesperson on Health Grant Robertson said today.

Green Party: High global food prices make NZ vulnerable to land grab

Green Party: High global food prices make NZ vulnerable to land grab
With commodity prices at record highs, New Zealand must protect its global advantage by keeping New Zealand land for New Zealand citizens, permanent residents and companies, Green Party Co-leader Dr Russel Norman said today.

NZ First: Election Royal Visit &Quot;Cynical And Inappropriate&Quot;

NZ First: Election Royal Visit &Quot;Cynical And Inappropriate&Quot;
Rt. Hon Winston Peters has described the Prime Minister's idea of inviting the Queen to visit in the lead up to the general election as "highly inappropriate" and a cynical breach of constitutional conventions.

Chadwick: Important link between maternal health and obesity

Chadwick: Important link between maternal health and obesity
The proven link between maternal health and obesity in children will be an important tool in the effort to improve maternal and infant health, says Labour's spokesperson for Maternal Health Steve Chadwick.

Relieve petrol costs with more buses and trains

Relieve petrol costs with more buses and trains
The Government can lessen the impact of the price of oil, even if it can't reduce the price, the Green Party said today. "The Government is washing its hands of the problem, when it could actually be doing something to help," said Green Party Co-leader Metiria Turei.

Phil goff interviewed on TVNZ

Petra Bagust : New Zealand's inflation rate has hit a two and a half year high on the back of rising petrol, food, and alcohol prices. So is there anything the government can do about it?

Cunliffe: Kiwis can't afford to cut back further on basics

Cunliffe: Kiwis can't afford to cut back further on basics
Today's consumers price index (CPI) figures showing a 4.5 percent annual inflation figure reinforce how increasingly tough it's becoming for struggling Kiwi families to afford the basics, says Labour's Finance spokesperson David Cunliffe.

Greens: NZ under threat from massive land grab

Selling the Crafar farms to an overseas consortium cannot possibly be in New Zealand's economic interests, Green Party Co-leader Dr Russel Norman said today.

Prices rise again as families continue to struggle with the cost of living

Prices rise again as families continue to struggle with the cost of living
"Relentless food price increases and a government who celebrates low wages are bad news for Pacific families struggling to make ends meet", Labour's spokesperson for Pacific Island Affairs Su'a William Sio said today.

Export prices deliver benefits to economy

Export prices deliver benefits to economy
New Zealand's agricultural export prices are likely to remain strong for some time, delivering benefits to the New Zealand economy, Reserve Bank Governor Alan Bollard said in a speech.

Goff: No plan to deal with economy in trouble

Goff: No plan to deal with economy in trouble
The New Zealand economy is in trouble with no plan from the Government to address the worsening outlook, says Labour Leader Phil Goff. "With the rising cost of living and more people worried about their job security, middle and low income earners are worse off.

Bus passengers and revenue up

Hawke's Bay Regional Council says a combination of improved bus services and rising petrol prices has resulted in increasing bus passengers on Napier and Hastings goBay routes.

Discretionary Spend Dips for Second Consecutive Month

Discretionary Spend Dips for Second Consecutive Month
Figures released today by Paymark show that while the value of transactions through its network increased 4.2 per cent year-on-year during March, Kiwis' discretionary spending on goods has dropped to below-year-ago levels for the second month running.

National can no longer ignore rising hardship

National can no longer ignore rising hardship
Working families and the elderly are among growing numbers of New Zealanders floating on a rising tide of hardship while the Government sits back apparently helpless, Labour Deputy Leader Annette King says.

Lees-Galloway: Mental health linked to food costs

Lees-Galloway: Mental health linked to food costs
Research from the University of Otago linking psychological distress with the increasing unaffordability of safe, nutritious food must be heeded, says Labour's Associate Health spokesperson Iain Lees-Galloway.

Street: Government must defend New Zealand's interests in TPP talks

Street: Government must defend New Zealand's interests in TPP talks
The leaked text on intellectual property, copyright and parallel importing in the Trans Pacific Partnership negotiations requires an emphatic rejection from the New Zealand government, says Opposition Trade Spokesperson, Maryan Street.

Commerce Commission needs to find answers to milky questions

Commerce Commission needs to find answers to milky questions
The Commerce Commission should consider whether regulatory changes may be needed to make our highly concentrated domestic milk market more competitive, Green Party consumer affairs spokesperson Sue Kedgley said today.

New Community Patrols for Wellington's eastern and southern suburbs

Wellington's eastern and southern suburbs are set to become even safer, with the establishment of two new Community Patrols, which begin operation tomorrow night.

ASB QuickView: February Trade Balance

ASB QuickView: February Trade Balance
Key data Trade balance $194 m (actual) -$189 m (seasonally adjusted) $758 m (12 months to February) Exports -0.4% mom (seasonally adjusted) +16.6% yoy Imports +6.6% mom (seasonally adjusted) +9% yoy

Cunliffe: 'Stuck-in-a-rut' economy going nowhere

Cunliffe: 'Stuck-in-a-rut' economy going nowhere
Near-zero gross domestic product (GDP) figures for the December 2010 quarter prove how badly the New Zealand economy is stuck in a rut, says Labour's Finance spokesperson David Cunliffe.

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