The NZ Council of Trade Unions says the root cause of our inflation and cost of living challenge is the lack of a long-term economic plan. The issues New Zealand is facing could be addressed with an Inflation and Incomes Act. Inflation is viewed as a short-term crisis, when in reality, it's a long-term problem associated with New Zealand's present economic model. Economist Craig Renney (in person for this return visit) and policy analyst Diana Russell speak to their proposal on Tuesday 7 March – at 5.30pm at 2/57 Willis Street. Right now the main tool for controlling inflation is increasing the interest rate - that takes money out of working people's pockets disproportionately and increases unemployment - mostly for low income Kiwis. That makes New Zealand's already dire wealth gap worse, and hobbles our long-term economic growth. Every New Zealander is grappling with inflation and the cost of living. We need to be having a new conversation about how we address these issues not just now, but in the long run. We need a new approach that builds greater resilience to inflation and develops a more equitable economy in the process. An Inflation and Incomes Act would create a framework for how New Zealand manages its transition to a longer-term low-inflation environment. It would better marshal our economic development, infrastructure, and public service needs so that we can respond to inevitable economic change. The Act would pave the way for the kinds of investments that we need to tackle inflation in the long-run. Investments in home insulation, electrifying the vehicle fleet, and building the homes we need. Making sure that supply-chains are resilient, and that there is genuine competition in markets. And doing so in a way that manages the cost so that it is simply borne equitably by New Zealanders. Inflation is not a new problem for the poorest in New Zealand. It will continue to be an issue for all Kiwis unless we change how we approach it. We need to look towards alternative measures of curbing inflation that doesn't just call for higher unemployment. Craig Renney - NZCTU economist Diana Russell - NZCTU policy analyst
Thank you for the opportunity to discuss the Pae Ora health reforms with you.
Since I was sacked by the Health Minister I have taken time to reflect on the experience and to make a considered assessment of what I learned in the process. My intention tonight is to share that with you, making the assumption that we share common ground in wanting to have an effective, efficient, excellent and equitable public health service.
If anyone does not want that, I don’t really have anything useful to share with you.