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.

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

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.

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.

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.

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.

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.

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.

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.