Latest / The Kākā by Bernard Hickey
Our nation of inflation displacement
TL;DR: The new coalition Government’s zeal in its first 100 days for freezing and cutting spending and investment at the central Government level is having an unintended and unpromised effect.
It’s pushing more inflation out and up into the wider economy through new fees, user pays charges, rates hikes, higher rents and a slather of hidden taxes from both councils and Government agencies. This week’s transport funding shifts showed how cost cutting centrally is turning into higher fees, fares, rates and charges locally, which is upending the Government’s stated aim of reducing the cost of…
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