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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.
Click here to watch my
video message.
WATCH VIDEO
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
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