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29 Jun 2024 16:19
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  •   Home > News > Business

    Labour's leader continues to call the Government tax cuts poorly timed

    Labour's leader continues to call the Government tax cuts poorly timed


    The Government's pouring 14.7 billion dollars into it - and giving landlords a three-billion dollar boost.

    The tax changes kick in late July - against officials advising waiting until October.

    Chris Hipkins says 12 billion dollars has been borrowed to fund the cuts.

    He says he agrees tax brackets need adjusting - you have to carefully choose when it's done.

    Hipkins says this is the worst time to do it - with inflation high and Government revenue declining because of the economic downturn.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    Referees Ben O'Keeffe and Paul Williams have been into All Blacks camp in Wellington as preparations ramp up for the first test next Saturday in Dunedin against England More...


    BUSINESS BUSINESS
    Increased freighting costs may see consumers paying higher prices at the checkout More...



     Today's News

    Rugby:
    Referees Ben O'Keeffe and Paul Williams have been into All Blacks camp in Wellington as preparations ramp up for the first test next Saturday in Dunedin against England 16:17

    International:
    Tories 'highly alarmed' by network of pro-Russian Facebook pages interfering in UK election 16:07

    Netball:
    Magic captain Ameliaranne Ekenasio believes her team's defensive unit deserve bouquets in netball's ANZ Premiership, ahead of this afternoon's clash against the Stars in Tauranga 15:47

    Rugby League:
    Magic captain Ameliaranne Ekenasio has commended her side's resolve after losing midcourter Ali Wilshier to a season-ending knee injury in the ANZ Premiership 15:27

    Rugby:
    All Blacks coach Scott Robertson's focus is on the here and now rather than a long-term plan towards 2027 for the time being 14:57

    International:
    Search for missing British teenager Jay Slater stretches into second week in Tenerife as family faces global online attention 14:17

    International:
    Rifleman, NZ's smallest bird may be 'missing link' in birdsong evolution: study 14:17

    Rugby:
    All Blacks coach Scott Robertson sought the counsel of Wayne Smith before making his first selections official 13:47

    Law and Order:
    Nelson's former mayor has been left badly shaken by a frightening incident in her home 13:27

    Politics:
    Reform UK's Nigel Farage wants to shake up the UK election — it's looking like he'll win the seat of Clacton to do it 13:07


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