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Winston Peters wins again – no cuts for MFAT in new Budget

May 20, 2026

Source: Radio New Zealand Nicola Willis revealed in Parliament that Winston Peters’ ministery isn’t required to cut its spending. RNZ / Samuel Rillstone The Ministry of Foreign Affairs has again been exempt from funding cuts in this year’s Budget, with the Finance Minister confirming it wouldn’t be made to find savings until after the election.…

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‘Heartless’: Fears Wellington will be ‘ghost town’ after public service cuts

May 20, 2026

Source: Radio New Zealand Kirsten Saunders, the co-owner of Smith the Grocer, says the announcement of more job cuts is tough for the city’s morale. RNZ / Ellen O’Dwyer An economist says more than 3500 jobs could be cut in Wellington, and the capital is set to “bear the brunt” of a major shake-up to…

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Housing market confidence takes a tumble as interest rates, inflation rise

May 20, 2026

Source: Radio New Zealand RNZ Housing market confidence has taken a tumble as interest rates rise, prices are expected to stay flat, and inflation heads higher. ASB’s latest housing confidence report in the three months ended April showed a net 19 percent of respondents expecting prices to rise over the next 12 months from 30…

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Hellers pork tenders recalled after hard plastic found in packs

May 19, 2026

Source: Radio New Zealand Hellers brand Sweet Chilli Pork Tenders (600g) was recalled after hard plastic was found in the packs. SUPPLIED Food Safety says a brand of pork tenders sold at supermarkets around the country is being recalled because the packs could contain pieces of hard black plastic. It says the 600-gram packs of…

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Public sector job cuts: ‘Nobody is above scrutiny’

May 19, 2026

Source: Radio New Zealand The government’s latest job cuts in the public sector have a “DOGE-type approach” say the Greens, but it is “just what the doctor ordered”, according to ACT. The government announced today that public service jobs are to be slashed by about 14 percent over the next three years in a shake-up…

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Labour holds off on Future Fund details until after election

May 19, 2026

Source: Radio New Zealand Barbara Edmonds says the party hasn’t decided what assets to put in the fund yet. RNZ / Samuel Rillstone Labour will not release key details of its Future Fund policy until after the election, saying some of the advice it needs can only come if the party is in government. If…

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Slashing public sector jobs the right move, New Zealand Initiative says

May 19, 2026

Source: Radio New Zealand The New Zealand Initiative executive director Oliver Hartwich. Supplied The New Zealand Initiative is pleased with the government’s plan to slash nearly 9000 public sector roles over the next three years. The changes will see public service jobs slashed by about 14 percent by 2029, in a shake-up the government says…

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Brokerage and financial services firm Jarden set for significant restructure

May 19, 2026

Source: Radio New Zealand The Jarden building at the bottom of Queen Street, Auckland Google Maps Brokerage and financial services firm Jarden is in for a significant restructuring, with the wealth and asset management operations to be split off and the investment banking business to be retained in an employee-owned structure, sources have told RNZ.…

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Christopher Luxon says public service cuts will be on ‘case-by-case basis’

May 19, 2026

Source: Radio New Zealand The Prime Minister says the public service isn’t a “make-work” scheme as he signals there will be job losses as a result of proposed government changes. Finance Minister Nicola Willis will set out three proposals in her Auckland pre-Budget speech on Tuesday afternoon in an effort to create efficiencies in the…