Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Pending election adds to retailers' worries

Press release

Newmarket Business Association

13 June 2008

Pending election adds to retailers' worries

The head of Auckland's leading shopping district says while the latest retail figures for the month of April released by Statistics New Zealand today weren't as alarming as the figures for the March quarter, it nonetheless will be a very tough winter with the pending general election adding to retailers woes.

"The remainder of 2008 is going to be very interesting, particularly with a change of government feeling increasingly imminent," says Cameron Brewer, general manager of the Newmarket Business Association.

"Pending watershed elections do strange things to consumer behaviour. Fundamentally, government department activity slows right down, businesses defer their decision making, and consumers keep their hands in their pockets.

"John Key's talking about an 18 October election but in reality it could be any time. That kind of uncertainty doesn't help at a time when economic growth is halving to around 1.5%. The sooner we can get the election behind us, the better," said Cameron Brewer.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>


Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>