Budget 2023 – Households

Most Budget 2023 changes affecting household budgets centre on younger families. The 20-hours free early childhood education (ECE) currently available to 3-5-year-olds is extended to include 2-year-olds, with more money for teachers and childcare centres as well. This may free up some parents for greater workforce participation and ease household budgets. But as interest rates […]

Budget 2023 – Business Outlook

Business owners may continue to feel glum about their risk to reward ratio following Budget 2023. If cost of living pressures on households ease, increased consumer spending power will be welcome to retailers. Infrastructure repair and development, increases in public housing and private construction may stimulate demand in the construction sector and downstream industries. Recovery […]

Accelerate Budget Special Alert 2023

‘Support for today building for tomorrow’ Like the rest of the world, New Zealand has reeled from the aftermath of Covid, rising inflation and interest rates, and the cost-of-living crisis. This year we also have a massive storm damage repair bill. The 2023 Wellbeing Budget was distinctly lacking in lolly scramble. Treasury believes we have […]