Govt reveals worst case oil shock economic scenarios for NZ; Labour Party to back India free trade deal; Bishop says Stuart Smith-Luxon saga 'not a tidy situation'.
Government reveals worst case oil shock economic scenarios for New Zealand
The Finance Minister insists the Middle East oil crisis will only "delay, not derail" New Zealand's economic recovery, as officials take the unusual step of reopening Budget forecasts amid wild swings in global energy markets.
Speaking at a media briefing in her Beehive office, Nicola Willis said Treasury had decided to reopen its economic forecasts ahead of next month's Budget, reflecting the volatility of oil prices since the conflict began.
Labour Party to back India free trade deal but still has reservations
The Labour Party says it will support the India free trade agreement but has reservations.
New Zealand First had opposed the agreement and that meant National and ACT required the support of Labour to pass legislation allowing the deal.
'Not a tidy situation': Bishop on Stuart Smith-Luxon saga
National Party Minister Chris Bishop says it would have been "helpful" if chief whip Stuart Smith had said he hadn't sought a meeting with Prime Minister Christopher Luxon over support issues sooner.
He said the saga around Smith and caucus was "not a tidy situation", calling it "pretty frustrating all round".
Watch: Moment Willis confronts Hipkins over 'medical help' comment
The Finance Minister asked the Labour leader to apologise and said, ‘you know what you were meaning’ after his Question Time quip.
ONE WEIGHTED QUESTION
Since Wegovy arrived in New Zealand, around 50,000 people have been prescribed the weight-loss drug.
Many have a genuine medical need, but a Re: News investigation reveals there are loopholes for those who don’t – with people lying about their weight to get it. Zoe Madden-Smith reports.
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