Brad Olsen: Economist on how life will change following fuel price rise and end of half-price public transport for most
A raft of cost-of-living subsidies and temporary tax cuts are set to end tomorrow, with economists and budgeting services warning it will hurt those already struggling financially.
Other changes made by the Government will begin tomorrow, including a total ban on plastic straws, parental leave payment increases and new rules on child support benefits.
The biggest hit to New Zealanders’ back pockets is the end of the fuel tax discount, adding 25c a litre and almost 4c extra GST. The subsidy for road user charges for diesel vehicles will also end.
Half-price public transport fares will stop for…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.