New data shows National’s two-track economy

The real cost of living has grown more for people on low incomes, beneficiaries, and superannuitants than it has for people on moderate and high incomes under National, the Green Party said today.

New data from Statistics NZ’s Household Living-costs Price Indexes shows the effect of rent and power bills rising faster than the general rate of inflation. Low-expenditure households have seen their living costs rise twice as much as high-expenditure households since 2008.

“National has built an economy where some people are getting hit much harder than others by rising living costs,” Green Party Co-leader James Shaw said.

“The economy’s not working unless it’s working for everyone, and under National it’s clearly not.

“Rising rents and power bills have disproportionately affected people on lower and fixed incomes.

“Home ownership is at its lowest level in 50 years and those same people who have been locked out of the housing market are having to deal with their living costs rising faster than everyone else.

“Interest rates have lowered costs for home-owners, while the housing crisis has seen rents shoot up for people who don’t own the house they live in.

“The effect of National’s 2010 GST rise is clear – it’s hit low income people harder because they spend comparatively more of their incomes on basics like power and food.

“National is fond of talking about overall economic growth but below the headlines we can see that wealth, income, and living costs aren’t being shared fairly.

“Fixing the housing crisis is the key to bringing living costs under control.

“The Government needs to build thousands more affordable houses, sell them only to New Zealand citizens and residents, and level the playing field with a capital gains tax (excluding the family home),” said Mr Shaw.

Latest Finance Announcements

Story

Green Party supports Budget 2021 which will help those in poverty

The Green Party supports the 2021 Budget which increases income support for New Zealanders living in poverty, and we’ll continue to push for a long...
Read More

Story

Green Party welcomes KiwiSaver fossil fuel and illegal weapons exclusion

The Green Party is welcoming the changes to KiwiSaver implemented today by the Government that require default providers to exclude investments in ...
Read More

Story

Greens welcome protections for Kiwis’ savings

The Green Party is welcoming the Government’s announcement that bank deposits up to $100,000 will be protected under new rules.
Read More

Story

Housing plan a start, but much more needed to meet the scale of the crisis

The Government’s housing announcement is a very small start but it doesn’t go far enough to genuinely meet the scale of the crisis.
Read More

Story

Greens announce 4 point plan to stop runaway housing crisis

The Green Party is calling for bold, transformational measures to stop the accelerating housing crisis that is locking New Zealanders out of a stab...
Read More

Story

Tax data exposes gross inequity between the wealthiest and poorest New Zealanders

Government data today shows that the wealthiest New Zealanders aren’t paying their fair share of tax, whilst everyone else chips in, Green Party sp...
Read More

Latest Economic Development Announcements

Story

PREFU shows efforts to keep us all healthy, now we need to revenue raise

PREFU has given a good insight into what was required to ensure New Zealanders were largely supported to continue work and remain healthy during CO...
Read More

Progressive Tax Reform

In Aotearoa, there is enough to go around. But the tax system has allowed wealth to accumulate with a small number of us, while most of us have on...
Read More

Sustainable business

In the wake of COVID-19, we must empower small businesses in Aotearoa to flourish, create new jobs, and support their local communities. The Green ...
Read More

Sustainable jobs

A sustainable economy means good working conditions and fair distribution of the benefits of our natural resources. As we respond to the disruption...
Read More

High tech economy

A strong manufacturing and technology sector will create jobs in low-emissions industries and ensure we can sell Aotearoa’s skills to the world. Th...
Read More

Story

Green Party welcomes first Wellbeing Budget

“The Green Party is proud to welcome New Zealand’s first Wellbeing Budget to deliver change for New Zealanders,” Green Party Co-leader James Shaw s...
Read More

Latest Social Development Announcements

Story

Greens urge more support for vulnerable families in lockdown

The Green Party calls on the Government to urgently provide relief for people and families doing it tough, as a new report from the Salvation Army ...
Read More

Story

Greens call for dehumanising sanctions to be removed, GMI to be implemented

The Green Party is renewing its calls for benefit sanctions to be removed after new research found some people do not understand why they were sanc...
Read More

Story

Today’s benefit increase a start, but Government must do more for people in poverty

The Green Party welcomes the 1 July changes to support families and children, but says the main benefit increase must go further to help pull New Z...
Read More

Story

Green Party supports Budget 2021 which will help those in poverty

The Green Party supports the 2021 Budget which increases income support for New Zealanders living in poverty, and we’ll continue to push for a long...
Read More

Story

Tinkering around the edges won’t cut it for families struggling to survive

Research released today reinforces the need for significant changes to our social safety net, the Green Party says.
Read More

Story

Greens will embed tikanga Māori into rewrite of social security legislation

The Green Party is putting a Member’s Bill into the ballot today which will be a significant step towards overhauling the Social Security Act by em...
Read More