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.

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.

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.

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.

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.

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.

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.

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

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.