skinny.

Latest / The SME Stream

Christopher Luxon: Prime Minister talks unemployment, Cook Islands, Road User Charges

The Prime Minister's blaming New Zealand's rising unemployment on the last Government's economic management.

The rate's hit a five-year high of 5.2%, just shy of Treasury’s predicted 5.4%.

Christopher Luxon told Kerre Woodham when inflation rises, interest rates go up, the economy shrinks, and people lose their jobs.

He says Labour had a lovely big spend-up party, but it's left a significant hangover.

Luxon says we have to work our way through the economic cycle, which is what we’re doing now.

China's doubling down on its deal with the Cook Islands.

Ambassador to New Zealand, Wang…

The skinny

The skinny isn't ready yet — notes appear once the transcript is processed.