Briefly in the news from Aotearoa’s political economy around housing, poverty and climate on Tuesday, July 8:
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On the eve of an expected pause in rate cuts, the Reserve Bank’s new ‘NowCast’ real-time measure of economic activity shows GDP has fallen back into recessionary territory in the last three months. See more in The Lead and Chart of the Day below the paywall fold, and hear more in the podcast above.
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PM Christopher Luxon and Finance Minister Nicola Willis said through the first six months of the year their Government and Budget 2025 was focused on ‘growth, growth, growth’, but the Crown Accounts for the 11 months to the end of May actually show the Government invested $6.4 billion less than last year and $3.6 billion less than forecast. See more in The Sidebar.
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A South Island school’s survey students finds 78% didn’t want the new school lunch programme. See Number of the Day below.
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Ministry officials tried desperately at the last minute to stop David Seymour’s lunch programme from going ahead because of Libelle/Compass’ poor record with past contracts. See more in my Picks & Mixes and Quote of the Day.
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Today’s Must-Read is from Auckland Uni’s Tim Welch: NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning? See more in my Picks ‘n’ Mixes below.
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Today’s Good News story is news from Auckland Council, which has decided to turn a golf course into a wetland. Stuff, RNZ See more in my Picks & Mixes below.
There’s more detail and analysis for paying subscribers below the fold and in the podcast above. If we get over 100 likes I will open it up in full for public reading, listening and sharing.