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Todd Talks |
New Zealanders' pay packets are being eaten away more and more each year under this Government.
Inflation is nearly six per cent. Petrol is up to $3 per litre in the Bay of Plenty.
Fruit and vegetables increased by 9.9 per cent in January 2022 compared to last year, and food prices overall increased by 5.9 per cent.
On top of the supply chain and staffing issues faced by retailers, shoplifting is growing. Since 2017 there has been a 32 per cent increase in theft from dairies, supermarkets and liquor stores while police have made 62 per cent fewer arrests.
The party who promised to sort housing has pretty much done the opposite, and increasing interest rates are going to keep hurting every tenant and mortgage-holder.
Median rents in the Western Bay of Plenty have increased from $350 to $520 since Labour took office. New Zealand's median increase for January year-on-year was $50, and $140 more than when Labour took office.
This April we will see New Zealand's minimum wage increase to $21.20. This will barely make a dent in most household budgets but it's going to put increased pressure on businesses who are already struggling due to border closures, theft, workforce vacancies and Covid isolation rules.
We are in a cost of living crisis. Government needs to rein in spending and focus on growth and productivity.
