“Grant Robertson will allow new benefits to rise in line with inflation while tax brackets will remain the same pushing middle income New Zealanders into the highest bracket”, says ACT Leader David Seymour. Mr Seymour has introduced an amendment to the Government’s Families Package Bill which would allow the Minister of Finance to index tax brackets to the rate of inflation, but Labour the Greens and New Zealand First voted against it. “We see the
Stats NZ’s report today that consumer price index inflation is at 2.2 per cent should worry first home buyers, says ACT Leader David Seymour.
“News today that inflation has exceeded 2.2 per cent means that interest rates in New Zealand are set to rise, hitting young home buyers,” says Mr Seymour.
“The National Party frequently offers low interest rates as evidence for their claim that housing is still affordable in New Zealand, but today’s inflation figures show that the mirage is disappearing.