UPDATE: PM Christopher Luxon criticised US President Donald Trump’s threat earlier today that ‘a whole civilisation will die’ if Iran did not heed his demand about re-opening the Strait of Hormuz.
Fund based on the United Kingdom model.
But weaker growth is forecast in following years.
Low, middle income earners a focus for Government.
But CTU says cash relief better than tax cuts.
The Government response is not due until September.
Forestry advocates and opponents call for tweaks to Emissions Reduction Plan.
Government’s carbon plan criticised for lack of detail.
The National Party and Act both criticise the plan for too much spending on ‘corporate welfare’.
More than 300 initiatives in emissions reduction plan; this week’s budget is committing $2.5b to it.