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Shadow Treasurer

Government fake it till they make it up

November 24, 2021 Share

Andrew Bayly

In eight days, the Government intends to move the Country into the traffic light system, but Grant Robertson is still refusing to reveal the details on how Business Financial Support will work, says National’s Shadow Treasurer Andrew Bayly.

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Reserve Bank in a pickle and not helped by a spendthrift Finance Minister

November 24, 2021 Share

Andrew Bayly

Today’s move by the Reserve Bank to raise the Official Cash Rate by 25 basis points to 0.75% is what most commentators were picking given the worrying direction that the cost of living has taken, says National Shadow Treasurer Andrew Bayly.

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Minister of Finance out-of-touch with business

November 23, 2021 Share

Andrew Bayly

The Minister of Finance has provided no details on how the transition to the Traffic Light System will affect businesses, says National’s Shadow Treasurer Andrew Bayly.

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Kiwis getting poorer by the day under Labour

November 16, 2021 Share

Andrew Bayly

The Minister of Finance has done nothing to stymie the rapidly rising cost of living in New Zealand and Kiwis are poorer for it, says National’s Shadow Treasurer Andrew Bayly.

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Robertson a repeat offender in hiding spending from Kiwis

November 11, 2021 Share

Andrew Bayly

The Minister of Finance has once again shown he is not willing to be transparent about how he spends taxpayers’ money, says National’s Shadow Treasurer Andrew Bayly.

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Bill passes to make Superannuation fairer

November 10, 2021 Share

Andrew Bayly

The passing of the third reading of a bill to increase the residency requirement for Superannuation from 10 years to 20 years will make the system fairer, says National’s Shadow Treasurer Andrew Bayly.

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Labour must rule out debt-to-income limits

November 03, 2021 Share

Andrew Bayly

Despite the Government finally accepting National’s argument that the way to solve the housing crisis is to allow more houses to be built, it doesn’t appear the Finance Minister has got the memo, says National’s Shadow treasurer Andrew Bayly.

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Auditor-General’s further damning assessment of the Government’s financial transparency

November 02, 2021 Share

Andrew Bayly

The Auditor-General has today agreed with National that this Labour Government’s Budget documentation falls well short of basic requirements for public transparency around the use of taxpayers’ money.

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Robertson’s head-in-the-sand approach to struggling businesses a disgrace

October 28, 2021 Share

Andrew Bayly

The Minister of Finance and his Government remain clueless about the plight of businesses in Auckland grappling with the ever-lengthening lockdown, says National’s Shadow Treasurer Andrew Bayly.

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Increase to Resurgence Support Payment welcome, but why the delay?

October 22, 2021 Share

Andrew Bayly

The business support package announced today by the Minister of Finance comes too late for many businesses, says National’s Shadow Treasurer Andrew Bayly.

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National’s plan will lift the burden on business

October 20, 2021 Share

Andrew Bayly

National’s ‘Back in Business’ plan will lift the burden on businesses who are struggling through this extended lockdown, says Shadow Treasurer Andrew Bayly.

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Government failures make interest rate pain worse

October 06, 2021 Share

Andrew Bayly

Today’s move by the RBNZ to raise the Official Cash Rate by 0.25 per cent to 0.5 per cent shows the bank has been forced to make the risky move despite two major New Zealand cities still being locked down, says National’s Shadow Treasurer Andrew Bayly.

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New Zealand needs a clear economic roadmap

October 05, 2021 Share

Andrew Bayly

The Government’s Auckland roadmap lacks the clear signposting needed to bolster New Zealand’s economy, says National’s Shadow Treasurer Andrew Bayly.

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Government fiddles with tenancy measures while small businesses burn

September 28, 2021 Share

Andrew Bayly

Today’s announcement by the Minister of Justice shows the Government is going the wrong way entirely when assisting businesses hurt by the recent Covid lockdown, says National’s Shadow Treasurer Andrew Bayly.

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Government’s own tax experts hate Government’s tax policy

September 28, 2021 Share

Andrew Bayly

The Government’s own tax experts say the Government’s tax deductibility policy will do little to stop exploding house prices and will drive rents up, says National’s Shadow Treasurer Andrew Bayly.

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Tightened LVRs another blow for first-home buyers

September 23, 2021 Share

Andrew Bayly

The Reserve Bank’s revised loan-to-value restrictions have made it even harder for first-home buyers to get on the property ladder, says National’s Shadow Treasurer Andrew Bayly.

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Govt must extend loss carry-back scheme to save businesses

September 17, 2021 Share

Andrew Bayly

National is calling on the Government to extend the Covid-19 temporary loss carry-back scheme to support businesses who are continuing to struggle under lockdown, National’s Shadow Treasurer Andrew Bayly and Associate Revenue spokesperson Simon Watts say.

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Government’s Covid spend-up comes at a price

September 16, 2021 Share

Andrew Bayly

Today’s GDP figures to June do not factor in the impact of the current Covid lockdown, National Shadow Treasurer Andrew Bayly says.

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Urgent need for Government to confirm plan to support Auckland businesses

September 14, 2021 Share

Andrew Bayly

As Auckland enters its fifth week under Level 4 lockdown, the Government must present its plan to assist businesses to get through the stringent restrictions, says National’s Shadow Treasurer Andrew Bayly.

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Kiwis left in the dark over interest deductibility rules

September 08, 2021 Share

Andrew Bayly

The new rules relating to mortgage interest deductibility, cunningly renamed the Interest Limitation Rules, are due to come into force on 1 October without a proper explanation of how they will even work in practice, National’s Shadow Treasurer Andrew Bayly says.

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Bayly urges Govt to adopt Rental Support Package

September 01, 2021 Share

Andrew Bayly

Small business owners need help urgently so that they can survive this Covid-19 lockdown and any future lockdowns so that they can continue to play a significant role in New Zealand’s economy as well as providing employment all over the country, National’s Shadow Treasurer Andrew Bayly says.

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RBNZ hold on rate rise the right move

August 18, 2021 Share

Andrew Bayly

The Reserve Bank’s decision to hold the Official Cash Rate at 0.25 per cent is the right one given the economic uncertainty New Zealand now faces as a result of the new Covid-19 lockdown, says National’s Shadow Treasurer Andrew Bayly.

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Labour pouring fuel on an overheating economy

August 12, 2021 Share

Andrew Bayly

StatsNZ’s latest rental and food price index data is further proof of New Zealand’s rapidly overheating economy and the skyrocketing cost of living, National Shadow Treasurer Andrew Bayly says.

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Another broken Government promise on tax

August 05, 2021 Share

Andrew Bayly

The Labour Government’s interest deductibility change is another broken tax promise that will cost mum and dad property investors $800 million, says National’s Shadow Treasurer Andrew Bayly.

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Kiwis are now getting poorer with each pay packet

August 04, 2021 Share

Andrew Bayly

With the latest labour market statistics confirming wages have only increased 2.1 per cent compared to 3.3 per cent annual inflation, New Zealanders’ pay packets are being eaten up by the rising cost of living, says National’s Shadow Treasurer Andrew Bayly.

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Government tinkering won’t solve housing crisis

August 03, 2021 Share

Andrew Bayly

The Government’s tinkering with monetary and financial stability policy is doing nothing to address rampant house price inflation, says National’s Shadow Treasurer Andrew Bayly.

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Kiwi wallets are being squeezed as cost of living rises

July 29, 2021 Share

Andrew Bayly

The latest household living costs reveal Labours ill-thought through policies are hitting New Zealand’s most vulnerable the most, who are seeing more and more of their pay packets eaten up by basic day to day living costs, National’s Shadow Treasurer Andrew Bayly says.

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Govt plants union official on Air NZ board

July 20, 2021 Share

Andrew Bayly

The appointment by Grant Robertson of a long-standing union official to the board of Air New Zealand is another example of poor judgement by the Minister, National’s Shadow Treasurer Andrew Bayly says.

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Average Kiwi family $9000 a year worse off under Labour

July 16, 2021 Share

Andrew Bayly

Since coming to power, the Labour Government has managed to make the average Kiwi family about $9000 worse off, or more than $170 a week, National’s Shadow Treasurer Andrew Bayly says.

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Halt to monetary stimulus welcomed

July 14, 2021 Share

Andrew Bayly

National welcomes the Reserve Bank’s announcement that it will reduce the level of monetary stimulus, and it comes none too soon, National’s Shadow Treasurer Andrew Bayly says.

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Labour does not understand tax fundamentals

July 07, 2021 Share

Andrew Bayly

Today we accepted a petition from Lindsay Calvi-Freeman signed by nearly 15,000 people. The petition calls for the Government to reverse their decision to remove tax deductibility of interest for landlords, National’s Shadow Treasurer Andrew Bayly and Housing spokesperson Nicola Willis say.

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Labour has no plan to fix labour shortage

July 06, 2021 Share

Andrew Bayly

Finance Minister Grant Robertson has no plan to fix the severe labour shortage that is crippling New Zealand businesses and will see many more close their doors for good, National’s Shadow Treasurer Andrew Bayly says.

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If it looks like a tax and walks like a tax…

July 01, 2021 Share

Andrew Bayly

This Government is proposing a significant tax on Mum and Dad landlords despite promising prior to the election that they would impose no new taxes, National’s Shadow Treasurer Andrew Bayly says.

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Labour raiding rainy day Covid Fund

June 25, 2021 Share

Andrew Bayly

Half of the $10 billion Finance Minister Grant Robertson set aside in the case of a further COVID-19 resurgence has been spent funding Labour’s non-Covid-related ideas, National’s Shadow Treasurer Andrew Bayly says.

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Debt-to-income limits won’t build one new house

June 16, 2021 Share

Andrew Bayly

Introducing debt-to-income limits won’t do anything to address the supply problem that is fuelling the country’s housing shortage, National’s Shadow Treasurer Andrew Bayly says.

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National will reverse interest deductibility changes

June 10, 2021 Share

Andrew Bayly

The arrival of the belated interest deductibility and Brightline rules discussion document brings with it confirmation of what an unprincipled mess the proposed legislation is, National’s Shadow Treasurer Andrew Bayly and Housing spokesperson Nicola Willis say.

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Labour’s Budget lacks ambition for New Zealand

May 20, 2021 Share

Andrew Bayly

Today’s Budget is an indictment on the Labour Government’s ability to deliver for New Zealanders, National’s Shadow Treasurer Andrew Bayly says.

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Kiwis need an alternative to online banking

May 14, 2021 Share

Andrew Bayly

Labour has voted against an inquiry that would look into how banks and government agencies are making sure vulnerable people are still able to manage their financial affairs independently, despite moves to stop accepting cheques, National’s Treasurer Andrew Bayly says.

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Implementation unit has a lot of clean-up work to do

May 05, 2021 Share

Andrew Bayly

The Deputy Prime Minister appears to be pushing ahead with an implementation unit without any idea of what that unit will actually deliver, Shadow Treasurer Andrew Bayly says.

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Is the Finance Minister inspired by Muldoon?

April 27, 2021 Share

Andrew Bayly

National holds grave concerns about the Minister of Finance’s announcement that he is to give himself greater powers to intervene in operations at the Reserve Bank, National’s Shadow Treasurer Andrew Bayly says.

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How much power is Robertson trying to grab now?

April 22, 2021 Share

Andrew Bayly

The Finance Minister needs to give New Zealanders peace of mind that the new powers he’s proposing to give himself over bank lending won’t over-reach into retail banking, National’s Finance spokesperson Andrew Bayly says.

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Government’s housing tax policy a lose/lose

April 08, 2021 Share

Andrew Bayly

The consequences of the interest deductibility tax announced as part of the Government’s housing policies are already being felt by landlords and renters alike, National’s Shadow Treasurer Andrew Bayly says.

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Vulnerable people disadvantaged in managing personal finances

April 07, 2021 Share

Andrew Bayly

Today Shadow Treasurer Andrew Bayly has recommended to the Finance and Expenditure Committee that an inquiry take place to assess whether Government agencies and banks are sufficiently providing services which allow for vulnerable people to continue to manage their financial affairs independently.

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Parker’s interest deductibility policy a shambles

April 06, 2021 Share

Andrew Bayly

After questioning in Parliament today it’s clear Revenue Minister David Parker has no idea how his interest deductibility policy will work, National’s Shadow Treasurer Andrew Bayly says.

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GDP decline a wakeup call for Government

March 18, 2021 Share

Andrew Bayly

Today’s GDP result is particularly disappointing because it appears the biggest contributor is the decline in the infrastructure sector, National’s Shadow Treasurer Andrew Bayly says.

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We need more innovative solutions for infrastructure

March 06, 2021 Share

Andrew Bayly

New Zealand needs to become far more innovative in the way we deliver infrastructure if we want to address problems like housing affordability, our persistent lack of productivity growth and our recovery from Covid-19, National’s Shadow Treasurer Andrew Bayly says.

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IRD must reopen over weekend

February 28, 2021 Share

Andrew Bayly

The IRD must reopen over this weekend to help those business owners affected by the latest Auckland lockdown, National’s Shadow Treasurer Andrew Bayly says.

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Reserve Bank housing direction too slow in coming

February 25, 2021 Share

Andrew Bayly

National is welcoming the Finance Minister’s realisation that he needs to take action to address the housing shortage, but is worried about how long it took him to have this revelation, National’s Shadow Treasurer Andrew Bayly says.

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Finance Minister fiddles while housing market burns

January 22, 2021 Share

Andrew Bayly

The Minister of Finance is taking far too long to put a lid on rising house prices, National’s Shadow Treasurer Andrew Bayly says.

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RBNZ confirms Govt isn’t doing enough on housing

December 11, 2020 Share

Andrew Bayly

The Reserve Bank has confirmed in writing what National has been saying for some time, that the Government lacks a clear direction when it comes to our housing emergency, National’s Shadow Treasurer Andrew Bayly says.

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Tax hike will create more problems than it solves

December 03, 2020 Share

Andrew Bayly

Labour’s tax increase is nothing more than a symbolic move to tax hardworking New Zealanders that will do little except erode the integrity of our tax system, National’s Shadow Treasurer Andrew Bayly says.

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Grant Robertson flip-flopping on tax

December 01, 2020 Share

Andrew Bayly

The Finance Minister’s flirtation with extending the bright-line test suggests Labour’s pre-election commitments on tax were just empty promises, National’s Shadow Treasurer Andrew Bayly says.

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Labour already breaking its election promise on tax

November 27, 2020 Share

Andrew Bayly

Revenue Minister David Parker has confirmed Labour is already wobbling on its election promise not to alter income taxes this term, National’s Shadow Treasurer Andrew Bayly says.

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Government must rein in the Reserve Bank now

November 17, 2020 Share

Andrew Bayly

National is calling on the Government to temper the Reserve Bank’s latest inflammation of the property market by sending a letter of expectation to Adrian Orr immediately.

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Govt must ask Reserve Bank hard questions on housing

November 11, 2020 Share

Andrew Bayly

Today’s announcement of a Funding for Lending scheme without any requirement for the new lending to be targeted at productive investment will add even more pressure to an already stretched housing market, National Party Shadow Treasurer Andrew Bayly says.

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