Latest fromEconomy
![Inside Economics: Capital Gains v Wealth Tax, chocolate and chips drive inflation, UK on the rebound](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Q35TQKPXWJAV7DPCW37JSYCI2I.jpg?auth=33aba2d3b16ffe508aa147134951d19f75b49a22dc384112e18d756c40258818&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Q35TQKPXWJAV7DPCW37JSYCI2I.jpg?auth=33aba2d3b16ffe508aa147134951d19f75b49a22dc384112e18d756c40258818&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Q35TQKPXWJAV7DPCW37JSYCI2I.jpg?auth=33aba2d3b16ffe508aa147134951d19f75b49a22dc384112e18d756c40258818&width=300&height=175&quality=70&smart=true 768w)
Inside Economics: Capital Gains v Wealth Tax, chocolate and chips drive inflation, UK on the rebound
OPINION: CGT v Wealth Tax talk has a political edge; and is NZ tourism behind the 8-ball?
![Watch: Luxon defends tax cuts in pre-Budget speech](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/YHO7GKQQHFDBLEZ52LDXOT3FGY.jpg?auth=664f4e0487b7b2d2dc6b9a34d94850a9711dc76ede2651423cdb87d66f2fff96&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/YHO7GKQQHFDBLEZ52LDXOT3FGY.jpg?auth=664f4e0487b7b2d2dc6b9a34d94850a9711dc76ede2651423cdb87d66f2fff96&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/YHO7GKQQHFDBLEZ52LDXOT3FGY.jpg?auth=664f4e0487b7b2d2dc6b9a34d94850a9711dc76ede2651423cdb87d66f2fff96&width=300&height=175&quality=70&smart=true 768w)
Watch: Luxon defends tax cuts in pre-Budget speech
The PM spoke at the Auckland Business Chamber's pre-Budget lunch.
![What the 'con job' and 'band-aid' Australian Budget means for NZ](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/H5I24SIRCFEAPEMPN7WDKZ4QII.jpg?auth=a95dc2969d07f17bfd78d9edd34a4d5445fe38b132179c23a55880c7c5f67cf0&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/H5I24SIRCFEAPEMPN7WDKZ4QII.jpg?auth=a95dc2969d07f17bfd78d9edd34a4d5445fe38b132179c23a55880c7c5f67cf0&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/H5I24SIRCFEAPEMPN7WDKZ4QII.jpg?auth=a95dc2969d07f17bfd78d9edd34a4d5445fe38b132179c23a55880c7c5f67cf0&width=300&height=175&quality=70&smart=true 768w)
What the 'con job' and 'band-aid' Australian Budget means for NZ
Opponents lash Aussie Budget but Government says country's economy is still strong.
![Richard Prebble: Why social investment bonds could be the coalition’s big idea](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZSVG3KUXSRGT7LBLYU6TT4TDKE.jpg?auth=0aaf96bcead744d6160a5503ab3047d29b880636e5eec6e4d71989682c3dcf15&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZSVG3KUXSRGT7LBLYU6TT4TDKE.jpg?auth=0aaf96bcead744d6160a5503ab3047d29b880636e5eec6e4d71989682c3dcf15&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZSVG3KUXSRGT7LBLYU6TT4TDKE.jpg?auth=0aaf96bcead744d6160a5503ab3047d29b880636e5eec6e4d71989682c3dcf15&width=300&height=175&quality=70&smart=true 768w)
Richard Prebble: Why social investment bonds could be the coalition’s big idea
OPINION: New Zealand politicians regard just spending money as a success.
![Spending data shows consumers are 'hunkering down'](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/VQ4WCHRKOWJM7JCCSVRITQBAVM.jpg?auth=9194b8bf821b7fdd7392881ae1a0d8d3f24e7055cfdb164af76cfafaa1fa9e9c&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/VQ4WCHRKOWJM7JCCSVRITQBAVM.jpg?auth=9194b8bf821b7fdd7392881ae1a0d8d3f24e7055cfdb164af76cfafaa1fa9e9c&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/VQ4WCHRKOWJM7JCCSVRITQBAVM.jpg?auth=9194b8bf821b7fdd7392881ae1a0d8d3f24e7055cfdb164af76cfafaa1fa9e9c&width=300&height=175&quality=70&smart=true 768w)
Spending data shows consumers are 'hunkering down'
High interest rate setting working to crimp consumer spending.
![Can Europe’s economy ever hope to rival the US again?](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZCYVMZZF4BF4LINWN42VLSGINQ.jpg?auth=f6f3d5333a0e3a570b1b168b6d677cc19c9262dc1463c4fa68e73e0244877d37&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZCYVMZZF4BF4LINWN42VLSGINQ.jpg?auth=f6f3d5333a0e3a570b1b168b6d677cc19c9262dc1463c4fa68e73e0244877d37&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZCYVMZZF4BF4LINWN42VLSGINQ.jpg?auth=f6f3d5333a0e3a570b1b168b6d677cc19c9262dc1463c4fa68e73e0244877d37&width=300&height=175&quality=70&smart=true 768w)
Can Europe’s economy ever hope to rival the US again?
Financial Times: Worried EU policymakers are searching for ways to inject some dynamism.
![Treasury's toxic cocktail of tax hikes, spending cuts and asset sales to fix books](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/NHMTOXTZSNCAVP5NSQGGALGESU.jpg?auth=7d30083461105d4304b21779d1eb18f02ee2076f26fa60348ab6695c3639f15f&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/NHMTOXTZSNCAVP5NSQGGALGESU.jpg?auth=7d30083461105d4304b21779d1eb18f02ee2076f26fa60348ab6695c3639f15f&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/NHMTOXTZSNCAVP5NSQGGALGESU.jpg?auth=7d30083461105d4304b21779d1eb18f02ee2076f26fa60348ab6695c3639f15f&width=300&height=175&quality=70&smart=true 768w)
Treasury's toxic cocktail of tax hikes, spending cuts and asset sales to fix books
Treasury has put everything on the table.
![Property Insider: The latest on Kāinga Ora builds, and the house price outlook](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Z2ICRS2RBZB23IZ3KUMKKYRRLY.jpg?auth=aa14b808e38a20d58ec7a6a688f744565a075c7656923c9e8447327ca97d1933&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Z2ICRS2RBZB23IZ3KUMKKYRRLY.jpg?auth=aa14b808e38a20d58ec7a6a688f744565a075c7656923c9e8447327ca97d1933&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Z2ICRS2RBZB23IZ3KUMKKYRRLY.jpg?auth=aa14b808e38a20d58ec7a6a688f744565a075c7656923c9e8447327ca97d1933&width=300&height=175&quality=70&smart=true 768w)
Property Insider: The latest on Kāinga Ora builds, and the house price outlook
The scale of financial trouble the builder contracted by Kāinga Ora is in is revealed.
![Inflation expectations fall as economic growth tipped to stay sluggish](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AR3WI4TEQHJ36MCI5AFKONGDUA.jpg?auth=ea3c42ab32c8f567c8ebd7d68ff057894f5fdee2afce541503d591674802ca92&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AR3WI4TEQHJ36MCI5AFKONGDUA.jpg?auth=ea3c42ab32c8f567c8ebd7d68ff057894f5fdee2afce541503d591674802ca92&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AR3WI4TEQHJ36MCI5AFKONGDUA.jpg?auth=ea3c42ab32c8f567c8ebd7d68ff057894f5fdee2afce541503d591674802ca92&width=300&height=175&quality=70&smart=true 768w)
Inflation expectations fall as economic growth tipped to stay sluggish
RBNZ survey respondents see the economy growing by less than 1 per cent over the year.
![Second half-year tougher than expected: Fletcher downgrades full-year profit](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/O3DWS3EVVNBIXBLKL3KDBMFKRU.jpg?auth=f4e947252082a2f3fa51e90fdb8d2d7c149bed7383bfff249e9db2ceb8889332&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/O3DWS3EVVNBIXBLKL3KDBMFKRU.jpg?auth=f4e947252082a2f3fa51e90fdb8d2d7c149bed7383bfff249e9db2ceb8889332&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/O3DWS3EVVNBIXBLKL3KDBMFKRU.jpg?auth=f4e947252082a2f3fa51e90fdb8d2d7c149bed7383bfff249e9db2ceb8889332&width=300&height=175&quality=70&smart=true 768w)
Second half-year tougher than expected: Fletcher downgrades full-year profit
Falling revenue and margin pressure in some building products businesses cited in update.
![British economy rebounds strongly in first quarter of the year, ending ‘technical recession’](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZYEIRH7HCJA3XIDIRBBMMD4D3E.jpg?auth=198a57076570bc3552b271f5571221bb9e6f83514af7fffb459948b7df4ae0dd&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZYEIRH7HCJA3XIDIRBBMMD4D3E.jpg?auth=198a57076570bc3552b271f5571221bb9e6f83514af7fffb459948b7df4ae0dd&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/ZYEIRH7HCJA3XIDIRBBMMD4D3E.jpg?auth=198a57076570bc3552b271f5571221bb9e6f83514af7fffb459948b7df4ae0dd&width=300&height=175&quality=70&smart=true 768w)
British economy rebounds strongly in first quarter of the year, ending ‘technical recession’
Strongest since late 2021 lockdown rebound.
![Developer’s $1.1b bet on Auckland’s economy](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Y4CJQMNQQVCPDMNI7SNRM32XAA.png?auth=d63dab3e4d91e1f029de7b3cba931fae1601701060b7b3f851555afcf0c09784&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Y4CJQMNQQVCPDMNI7SNRM32XAA.png?auth=d63dab3e4d91e1f029de7b3cba931fae1601701060b7b3f851555afcf0c09784&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/Y4CJQMNQQVCPDMNI7SNRM32XAA.png?auth=d63dab3e4d91e1f029de7b3cba931fae1601701060b7b3f851555afcf0c09784&width=300&height=175&quality=70&smart=true 768w)
Developer’s $1.1b bet on Auckland’s economy
12 years and billions of dollars later, can Precinct pull it off?
![Jenée Tibshraeny: Reserve Bank balance sheet blowout explained](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/BROZD2F5MJAAFE5TII7XV5G6R4.jpg?auth=1200ef3e3a964e72117c23cc4e721b1990fa2d5b8fd510d41704199e6ee64989&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/BROZD2F5MJAAFE5TII7XV5G6R4.jpg?auth=1200ef3e3a964e72117c23cc4e721b1990fa2d5b8fd510d41704199e6ee64989&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/BROZD2F5MJAAFE5TII7XV5G6R4.jpg?auth=1200ef3e3a964e72117c23cc4e721b1990fa2d5b8fd510d41704199e6ee64989&width=300&height=175&quality=70&smart=true 768w)
Jenée Tibshraeny: Reserve Bank balance sheet blowout explained
ANALYSIS: How the RBNZ's balance sheet quadrupled and what it means going forward.
![Liam Dann: The Govt has backed itself into a Budget corner on tax cuts](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/NHMTOXTZSNCAVP5NSQGGALGESU.jpg?auth=7d30083461105d4304b21779d1eb18f02ee2076f26fa60348ab6695c3639f15f&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/NHMTOXTZSNCAVP5NSQGGALGESU.jpg?auth=7d30083461105d4304b21779d1eb18f02ee2076f26fa60348ab6695c3639f15f&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/NHMTOXTZSNCAVP5NSQGGALGESU.jpg?auth=7d30083461105d4304b21779d1eb18f02ee2076f26fa60348ab6695c3639f15f&width=300&height=175&quality=70&smart=true 768w)
Liam Dann: The Govt has backed itself into a Budget corner on tax cuts
Opinion: Tax cut debate aside early signs are that the Budget will be well-balanced
![Surfer-turned-top property boss reveals secret to being wealthy](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AKSFCXNBS5H5ZDWOYGQ2LWQG3M.jpg?auth=7af47376ee3a9700a46da393147e604e96df574d4e94d2b6ac1cbff46f9a3f57&width=300&height=169&quality=70&focal=422%2C272&smart=false 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AKSFCXNBS5H5ZDWOYGQ2LWQG3M.jpg?auth=7af47376ee3a9700a46da393147e604e96df574d4e94d2b6ac1cbff46f9a3f57&width=576&height=324&quality=70&focal=422%2C272&smart=false 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AKSFCXNBS5H5ZDWOYGQ2LWQG3M.jpg?auth=7af47376ee3a9700a46da393147e604e96df574d4e94d2b6ac1cbff46f9a3f57&width=300&height=175&quality=70&focal=422%2C272&smart=false 768w)
Surfer-turned-top property boss reveals secret to being wealthy
Podcast: Ockham's Mark Todd on social inequality, urban design and the beauty of maths
![How Winston would grow our economy: Deputy PM on countries NZ should follow](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/3NYEDCF65RDJ7CEMAYGWGL3W2Y.jpg?auth=c07176b9f587ecb643f2cd59e59ebef177b2d8f755b4279e06eec657633a4ad7&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/3NYEDCF65RDJ7CEMAYGWGL3W2Y.jpg?auth=c07176b9f587ecb643f2cd59e59ebef177b2d8f755b4279e06eec657633a4ad7&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/3NYEDCF65RDJ7CEMAYGWGL3W2Y.jpg?auth=c07176b9f587ecb643f2cd59e59ebef177b2d8f755b4279e06eec657633a4ad7&width=300&height=175&quality=70&smart=true 768w)
How Winston would grow our economy: Deputy PM on countries NZ should follow
The Deputy PM is eyeing tax and investment strategies used by other small nations.
![Keeping cash alive: Meet the man on a mission to keep paper money circulating](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AZJQCD4UK5DOLNZGJ5WSZ7H3MY.jpg?auth=2849b425ff334f6837e02b8871aef62f73f167a33a44ad0ca27edcf71182792f&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AZJQCD4UK5DOLNZGJ5WSZ7H3MY.jpg?auth=2849b425ff334f6837e02b8871aef62f73f167a33a44ad0ca27edcf71182792f&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AZJQCD4UK5DOLNZGJ5WSZ7H3MY.jpg?auth=2849b425ff334f6837e02b8871aef62f73f167a33a44ad0ca27edcf71182792f&width=300&height=175&quality=70&smart=true 768w)
Keeping cash alive: Meet the man on a mission to keep paper money circulating
RBNZ director of cash and money Ian Woolford says Kiwis still want coins and notes.
![Matthew Hooton: Labour needs a bolder leader than Hipkins](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/5PILLUDFENCPFP4GCERECHHSIA.jpg?auth=e1e46350ebeb7646e5c20b9599ca8e69d9d1b35b916c6de4e3acd326742d7fa8&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/5PILLUDFENCPFP4GCERECHHSIA.jpg?auth=e1e46350ebeb7646e5c20b9599ca8e69d9d1b35b916c6de4e3acd326742d7fa8&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/5PILLUDFENCPFP4GCERECHHSIA.jpg?auth=e1e46350ebeb7646e5c20b9599ca8e69d9d1b35b916c6de4e3acd326742d7fa8&width=300&height=175&quality=70&smart=true 768w)
Matthew Hooton: Labour needs a bolder leader than Hipkins
OPINION: As the Luxon Government fails, the Opposition needs someone who will step up.
!['Kick in the guts': Tradies 'poaching' work from locals 'rife' amid slowdown](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/UUDYIN56GRAJLILCPL6C3PSCTM.jpg?auth=27106e0368628b268a1ab411e7c6241a9186c2dfad6f499e1cb36d9795e06748&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/UUDYIN56GRAJLILCPL6C3PSCTM.jpg?auth=27106e0368628b268a1ab411e7c6241a9186c2dfad6f499e1cb36d9795e06748&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/UUDYIN56GRAJLILCPL6C3PSCTM.jpg?auth=27106e0368628b268a1ab411e7c6241a9186c2dfad6f499e1cb36d9795e06748&width=300&height=175&quality=70&smart=true 768w)
'Kick in the guts': Tradies 'poaching' work from locals 'rife' amid slowdown
'A high volume of tradies [are] jumping in the ute and trying to grab some of the work'
![Concrete stats show hard times for construction sector](https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AHLGELHJZRA2RN5H6B2GR67AVU.jpg?auth=7a092cad514976611d93101c78ce69b682e59298ced60cccc7fc44e1e0fbe732&width=300&height=169&quality=70&smart=true 320w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AHLGELHJZRA2RN5H6B2GR67AVU.jpg?auth=7a092cad514976611d93101c78ce69b682e59298ced60cccc7fc44e1e0fbe732&width=576&height=324&quality=70&smart=true 576w, https://web.archive.org/web/20240521060528im_/https://www.nzherald.co.nz/resizer/v2/AHLGELHJZRA2RN5H6B2GR67AVU.jpg?auth=7a092cad514976611d93101c78ce69b682e59298ced60cccc7fc44e1e0fbe732&width=300&height=175&quality=70&smart=true 768w)
Concrete stats show hard times for construction sector
Tight public sector spending cited as new data sheds light on building activity.