Dear John, 



Today Treasury's latest forecasts confirmed that six years of Labour's economic mismanagement will continue to take its toll on New Zealanders.



Treasury is forecasting a protracted economic slowdown, combined with high inflation and high interest rates lasting longer than previously expected - fuelled by Labour's reckless spending.



Despite the slowdown, spending is up - driving longer deficits and higher debt. In fact government debt is now expected to soar above $100 billion, up from $5 billion in 2019.



I want you to know that help is on the way to get our economy and our country back on track.



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Treasury stated today "households and businesses are expected to remain under pressure".



Kiwis deserve better. Wages have been growing slower than inflation. Food prices have been rising at rates not seen since the 1980s. And New Zealand is the only country in the Asia-Pacific region in recession.



Labour has no plan to fix the economy other than spending more of taxpayers' hard earned money.  



It is time for a change to a National-led Government that will rebuild the economy to get it working for all New Zealanders. 



National’s plan to rebuild the economy includes:



- Stopping wasteful spending and getting the books back in order,

- Delivering tax relief to encourage hard work and ease the cost of living crisis,

- Cutting red tape to make it easier to invest and grow,

- Building infrastructure like roads, public transport and renewable energy

- Growing skills to expand our workforce,

- Driving technology and innovation, and

- Being open to the world by supporting trade and investment.



A working economy means better jobs, higher incomes, affordable mortgages and a lower cost-of-living. It means we can afford the public services Kiwis deserve and rely on. 



Party Vote National to get our country back on track.



Thank you,

Christopher Luxon







----

NZ National Party - 41 Pipitea St, Wellington 6011, New Zealand

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