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27 Jun 2024 6:25
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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
    The three New South Wales players under injury clouds have been cleared to play in Game 2 of the State of Origin series in Melbourne tonight More...


    BUSINESS BUSINESS
    Power has been restored to more than a thousand customers across Wairoa and Tairawhiti -- as flooding subsides around a substation More...



     Today's News

    Entertainment:
    Princess Anne's tour of Canada has been postponed following her hospitalisation 6:00

    Law and Order:
    Belief the death of Sandringham dairy shopkeeper Janak Patel was preventable 4:57

    Environment:
    Transpower has restored full security of electricity supply into Northland 4:37

    Soccer:
    Argentina's become the first side into the Copa America football quarter- finals after a 1-0 Group A victory over Chile - the World Cup holder's second win from as many matches 21:57

    Entertainment:
    Arnold Schwarzenegger has insisted people need to do "whatever it takes" to tackle climate change 21:30

    Entertainment:
    Shania Twain says Glastonbury is a "real wow moment in my career" 21:00

    Entertainment:
    Lily Allen finds the concept of intimacy coordinators "weird" 20:30

    Entertainment:
    Michael Jackson's pet chimpanzee Bubbles is "living the good life" in his later years 20:00

    Entertainment:
    Nicola Peltz-Beckham is "relentlessly investigating" her dog's death 19:30

    Entertainment:
    Kerry Katona is "still struggling" with her recovery after undergoing reconstructive surgery on her nose 19:00


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