Tag: Economic policy
2025 Budget: Coalition Recovers Savings from Pay Equity and KiwiSaver
Alrighty, folks, let's dive into the latest Budget news that's been making waves. So, the coalition government decided to tighten its belt and cut back on spending by a cool $5.3 billion each year...
RBA Interest Rate Cut: Impact on Mortgage Holders
Mortgage holders across Australia are on the edge of their seats as they await the Reserve Bank of Australia's highly anticipated decision on interest rates. With the possibility of a rate cut looming on...
Signs of Interest Rate Relief: Surprise Wages Reveal
The Reserve Bank of Australia (RBA) has been keeping a tight grip on interest rates, but recent developments suggest there may be some relief on the horizon. In a surprising twist, it seems that...
Minimum Wage Increase Falls Short of MBIE Recommendation
The Ministry of Business, Innovation and Employment (MBIE) advised a 2 percent increase in the minimum wage to $23.60 an hour, but the government approved a 1.5 percent raise to $23.50 an hour, falling...