When the country’s newspapers devote their cover pages to advertisements captioned “The cost living crisis”, it’s not something that makes palatable reading for government ministers.
When the advertisements come from an organisation like Kidscan, appealing for donations “to make sure children in poverty get the food they urgently need this winter”, those ministers may well choke on their morning lattes.
Prime Minister Jacinda Ardern has other weighty issues on her mind – at least for now – as she prepares to fly off to Europe to talk trade in Brussels with the EU and security in Madrid with NATO.
But for deputy Prime Minister Grant Robertson, left to mind the shop while she is away, the media’s highlighting of a cost-of-living crisis and the persistent challenge of child poverty could dampen his normally cheery optimism on the state of the economy.
Yet another dampener would be the latest Westpac McDermott Miller Consumer Confidence Survey, which has recorded the lowest reading on NZ consumer confidence since the survey began in 1988. Continue reading “Poverty and pessimism – slump in consumer confidence brings more unpalatable news to Robertson and the Govt”