[View in browser]([link removed])
Dear Friend,
=================================================
It’s Not Nicola Willis here. I’m emailing to tell you about a brand new start-up confectionery company I’ve just launched!
Today I – along with my very good friends at the Taxpayers’ Union – are delighted to announce Nicola’s Fudge™.
While Labour’s Jacinda Ardern, Chris Hipkins, and Grant Robertson blew the books, I was elected on a platform to tackle their ‘addiction to spending’, trim the bloated bureaucracy, stop the borrowing, and get back to growth.
And, as the polls are showing, I fudged it!
-
Instead of cutting Government spending, I’ve grown it!
-
I’ve tackled Labour’s 33% increase in bureaucrats by cutting it by less than 1%!
-
I’m borrowing more per day now than Grant Robertson was before I took over!
-
My ‘path to surplus’ depends on my new – totally original recipe – “OBEGALx” measure. Under the traditional measure, Treasury forecast that I’ll never get back into surplus.
-
And as for economic growth – I’ve delivered GDP per capita that is lower now than when the last lot were in charge.
So today, I’m making it official.
###🎉 Introducing Nicola’s Fudge
###
Last month, Christopher Luxon attacked Labour’s “sugar-rush economics”. But I’ve been reaching for the very same lolly jar — upping spending, blowing out borrowing, and glazing over the inconvenient truths.
###THE FLAVOURS OF FISCAL REALITY
Bigger than Grant
-----------------
Claims of spending “cuts” are exaggerated. Spending has grown, not shrunk, since
Grant Robertson.
Bureaucrat Brittle
-------------------
**Promise:** Cut back-office staff
**Reality:** Still 33% more bureaucrats than when Labour first took office.
OBEGALx Original
-----------------
**Heroic assumptions, hidden liabilities:** Nicola's surplus by 2029 is a fiction based on an invented measure that excludes ACC liabilities.
Debt Delight
--------------
Despite Nicola’s promises, borrowing is still near Grant Robertson-era levels.
Bond Market Bonanza
---------------------
Nicola is borrowing so much, bond markets rank our risk just behind the UK, a major warning sign.
Crumble
-------
Back on track? Per capita GDP is down $3,110 since 2023.
###A Sweet Christmas Gift - With a Serious Message
###
Nicola’s Fudge is a bit of fun – but the issue isn’t. New Zealand cannot afford the “sugar-rush economics” of more spending, more debt, and more bureaucrats.
Yet that’s exactly what we’ve been served
Sometimes the best way to tell the truth is to **stop letting politicians sweeten it.**
** **
That’s what this fudge is for.
Find out more and make your order now @ [www.NicolasFudge.nz]([link removed])
Sweet (but fiscally responsible) regards,
(on behalf of the Taxpayers’ Union).
*PS. You can read more about Nicola’s Fudge in **[this media release]([link removed])** by the Taxpayers’ Union. **You can also send a message to the real Nicola Willis at **[www.NicolasFudge.nz]([link removed])** *
Authorised by the New Zealand Taxpayers' Union, Level 4, 117 Lambton Quay, Wellington 6011.
u[nsubscribe]([link removed])
