Point of Order, true, has already dealt with Prime Minister Jacinda Ardern’s bleating about New Zealanders being “fleeced“ by fuel companies. But today we revisit the issue.
Ardern turned on the companies during a post-Cabinet press conference when discussing rapidly rising (and politically awkward) petrol prices.
She aimed to assure us not to worry – her government is on the case and will be stepping up plans to give the Commerce Commission new powers to investigate the villains.
She mentioned New Zealand having one of the lowest pre-tax fuel costs in the OECD in 2008. Ten years on, we have the highest. Continue reading “While Ardern waits for a report on the fleecing of fuel consumers, perhaps these figures will help…”
Economist Donal Curtin deserves our plaudits for an idea he threw out in August, suggesting on his blog that somebody ought to ask New Zealand businesses exactly what’s bugging them when they report low levels of business confidence.
We should thank the New Zealand Institute of Economic Research, too, for acknowledging it was a good idea and doing something about in the latest Quarterly Survey of Business Opinion.
The institute included a question in its survey to find what influences business sentiment.
The survey results are clearly awkward for the government, showing a further deterioration in business confidence. A net 28% of businesses expect economic conditions to worsen – the lowest level since March 2009. Continue reading “Check out what most influences business confidence – its (no surprise) government policy”