Govt set to hike insurance costs $400/year

The Kākā by Bernard Hickey · Feb 23, 2025 · 8m

Long stories short, the top six things that stood out to me in our political economy around housing, climate and poverty on Monday, February 24:

* The Government is considering allowing the EQC to increase its levy tacked on to household insurance bills by around $400 per year or as much as 72%;

* Inexorable Government pressure downwards on education spending growth and the exodus of skilled workers overseas has increased this year’s teacher shortages to 1,150;

* Napier plans to close its library for two years to avoid borrowing, even though its debt is less than 40% of revenues and costs…