GDP data camouflages economic weakness
Data today released by Statistics New Zealand shows that the economy grew by just 0.2% annually, showing stalled growth and weak demand. There has now… Read More »GDP data camouflages economic weakness
Economy
Unemployment data shows need for the Government to act now
NZCTU Economist Craig Renney said new data released by Statistics New Zealand shows the need for Government to act now, with unemployment rising from 3.4%… Read More »Unemployment data shows need for the Government to act now
Submission on the Budget Policy Statement 2024
This submission to the Finance and Expenditure Committee highlights issues with the 2024 Budget Policy Statement. Under the Public Finance Act 1989, the Budget Policy… Read More »Submission on the Budget Policy Statement 2024
Submission on the General Review of the CPTPP
This submission to the Ministry of Foreign Affairs and Trade identifies aspects of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that need to… Read More »Submission on the General Review of the CPTPP
Inflation data shows need for a plan on climate and population
Data today shows headline CPI inflation at 4%, continuing the fall begun in March 2023. Rises are concentrated in particular sectors – especially services. This… Read More »Inflation data shows need for a plan on climate and population
Unions deliver MPs petition to stop real terms cuts to the minimum wage
Today a delegation from the union movement delivered a petition of nearly 9,000 people calling on the Government to commit to annual minimum wage increases… Read More »Unions deliver MPs petition to stop real terms cuts to the minimum wage
Budget Policy Statement still missing in action
The Government has released its Budget Policy Statement today, showing worsening economic forecasts with inflation falling more quickly than expected, caused by unemployment rising and… Read More »Budget Policy Statement still missing in action
More questions for the Government’s tax changes as costs grow
The Government should reconsider the delivery of their tax plan, as costs continue to escalate, said CTU Economist Craig Renney. “Our analysis, using the latest… Read More »More questions for the Government’s tax changes as costs grow
GDP Numbers make case for change – but not tax cuts
GDP numbers released today show that the economy shrank into a technical recession with the economy declining by -0.1% in the December 2023 quarter, following… Read More »GDP Numbers make case for change – but not tax cuts
Public investment in New Zealand fails to meet growing need
Today the CTU has released its report Investing in a growing population, which shows that up to an additional $19.9bn of public goods and services… Read More »Public investment in New Zealand fails to meet growing need
Inflation data slows – slowing data shows need for continuing support for families
Information released today by Statistics New Zealand showed that the cost of living increased by 4.7% last year, said CTU Economist Craig Renney. “This new… Read More »Inflation data slows – slowing data shows need for continuing support for families
New report: Gentailer dividends a barrier to energy decarbonisation and lower energy prices
FIRST Union, NZCTU, and 350 Aotearoa Private control of the electricity industry will significantly raise the cost of NZ’s recent commitment to triple renewable power… Read More »New report: Gentailer dividends a barrier to energy decarbonisation and lower energy prices