Dear John 

Budget Blowout

Despite warnings from the Reserve Bank that a multi-billion dollar spend will fuel inflation, Grant Robertson has included it in Labour's so-called Bread-and-Butter Budget anyway. While things like free prescriptions and bus rides might appear to soften the blow of the cost-of-living crisis, higher interest rates over a longer period, and continued inflation, will counter any gains made.

New Zealand's budget is no different to your own household budget. Labour's recipe for spending, then borrowing more to spend more, and asking New Zealanders to pay for that long into the future through tax, is a recipe for disaster.

What New Zealand needs is a plan to fix the economy and to address the underlying drivers of inflation.

New Zealanders deserve tax relief. They should be able to decide how to spend the money they have earned, not have it wasted on government schemes which fail to deliver.

Come and join me for coffee, a muffin, and a chat about yesterday's Budget announcement at a Post-Budget Business Breakfast next week.

I'll give an economic update and I'm interested to hear your thoughts on the budget. The dates, times and venues of the breakfasts are listed below. 

Taupō

Taupō Post-Budget Business Breakfast, co-hosted by Amplify

Thursday 25 May from 7:30am-9am

Taupo Cosmopolitan Club, 5 Taniwha Street, Taupō

Please RSVP to:

[email protected] 

(07) 376 5563

South Waikato

South Waikato Post-Budget Business Breakfast

Friday 26 May from 7:30am-9am

South Waikato Sports and Events Centre, 25 Mossop Road, Tokoroa

Please RSVP to:

[email protected] 

(07) 886 5554

I look forward to seeing you there. 

Kind regards

Hon Louise Upston
http://louiseupston.national.org.nz/