Andrew Dickens Afternoons

The corner has been turned. The 5-year pandemic pandemonium has been tamed. Inflation is down and we've had the first interest rate cut since the Reserve Bank realised they’d overstimulated everything 5 years ago. Proof that tax cuts were not inflationary, says the Finance Minister. And that is the case, but it’s not a sign that the cost of living crisis is over. Inflation and cost of living increases are two heads of the same monster. Tax cuts are not being sucked up by discretionary spending. But they are by increases in charges brought about by a cut in Government spending, a continued housing shortage and its costs, and local Government trying to bridge the infrastructure deficit that’s been growing for decades. For example, my family's tax cuts are going straight onto increased rates and increased public transport costs now that the subsidies have ended. But put on your dancing shoes - said Thomas Couglan at the Herald in the weekend. The rock star economy is back. And we can thank Luxon and Willis. This