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Dear John,
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Good news! We are changing the law to introduce an =E2=80=98express lane=E2=
=80=99 for new supermarkets =E2=80=93 increasing competition to put downwar=
ds pressure on grocery prices. =C2=A0
=C2=A0=C2=A0
International brand Costco have confirmed that our approach will assist wit=
h their expansion plans, and they can see opportunities for new stores to b=
e built in New Zealand in the next few years =E2=80=93 which I know will be=
welcomed by many New Zealanders.=C2=A0
=C2=A0
Ensuring we have the right competitive business settings in place to keep c=
osts down is essential to growing the economy so people can get ahead.=C2=
=A0
=C2=A0
Today=E2=80=99s changes follow the Reserve Bank=E2=80=99s announcement on M=
onday that it is consulting on changes to bank capital regulations, which w=
ill help to bring interest rates down further and support more businesses t=
o access the lending they need to hire staff and grow. It also comes on the=
back of the Electricity Authority=E2=80=99s decision last week to make lar=
ge power companies offer their generation at the same rate to everyone whic=
h will level the playing field for smaller power companies, boost retail co=
mpetition and put downward pressure on power prices.
=C2=A0
We know things are still tough for a lot of families, which is why we are d=
oing all we can to make sure there is more competition in the market and gi=
ve you more choice and a fairer deal.=C2=A0
=C2=A0
The Government is doing the right things and I=E2=80=99m confident the coun=
try will see the results =E2=80=93 more jobs, rising wages and a higher sta=
ndard of living for New Zealanders.=C2=A0
=C2=A0
Nicola Willis
Spokesperson for Finance

=E2=80=8A

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=C2=A0
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Authorised by J de Joux, 41 Pipitea St, Wellington.

=C2=A9 2025 | All rights reserved.

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