Latest / The Kākā by Bernard Hickey
ACT’s extreme policies & budget fallacy endanger National’s re-election
Briefly in Aotearoa’s political economy in the week to Sunday, May 11:
* PM Christopher Luxon this week allowed ACT’s policies on pay equity and the Treaty of Waitangi to make National less electable in 2026.
* He also doubled down on a budget-tightening strategy built on the false premise that the Government faced spiralling interest costs.
* An overseas slowdown and that unnecessary tightening has stalled the housing market again and is driving real spending and investment towards another winter recession.
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