Source: New Zealand Labour Party
Despite all the promises, Kiwis are still going backwards in Budget 2025.
“Kiwis do not feel like they’re getting a fair deal under National,” Labour finance and economy spokesperson Barbara Edmonds said.
“They have cut $11 billion from women’s pay and cut KiwiSaver contributions.
“As a result of Nicola Willis’ cuts to Kiwisaver, an 18-year-old today will have $66,000 less at retirement age than they would have if the Finance Minister had any foresight.
“Some families will no longer get BestStart, which helps families buy a can of formula and a box of nappies each week. On top of that, 61,000 families will now be worse by an average of $43 per fortnight.
“It’s not just tough for families with newborns. Food prices are still climbing, including staples like milk, butter and meat.
“Rates and insurance have gone up. Energy prices are high. People aren’t getting the support they were promised with childcare.
“Unemployment is scheduled to rise. Thousands of people have lost their jobs under National and are choosing to head overseas.
“The cost of living remains as high as ever. Nobody can find a family that got the $250 they promised in the last Budget, not even the finance minister.
“No matter the spin, help is not on the way for families. In fact, at first glance the only increase some families are getting is $7 a week.
“Nicola Willis’ flagship cost of living policy is a disgrace. There are tens of thousands of people she said would get support with childcare, but aren’t; and a quarter of the money she’s spent on it has gone to administration, not childcare.
“Instead of investing in good jobs so people can work and support their families, reliable healthcare and warm, dry homes, this Government has chosen tax cuts for landlords, multinationals, and tobacco companies. Today, overseas oil and gas giants have been promised $200 million too.
“Nicola Willis is taking money from low paid women and families, to make all of her failures add up,” Barbara Edmonds said.
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