Wasn't this the rainy day we saved for?

The Kākā by Bernard Hickey · Mar 13, 2023 · 20m

TLDR: PM Chris Hipkins announced a further $1 billion of spending cuts on emissions reduction last night, arguing the Government needed to ‘cut its cloth to fit’ to show households it understood their pain about higher living costs.

But in choosing to spend less on efforts to address climate change in the midst of an actual climate emergency event, Labour has fallen into the classic mistake of seeing a Government’s finances as just like a household’s, as well as overturning two decades of arguments used to justify tight budgets and low public debt.

Both Labour and National have argued since…