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National Radio Midday Bulletin

National Radio Midday Bulletin – First Half Only Today

BNZ: The BNZ increase in the floating mortgage rate by .25% to 6.75% is likely to trigger more increases across the banking board. The rise is due to the falling Kiwi dollar.

ARC: The Auckland Regional Council is reviewing Stagecoach contracts as more strikes cripple the city. It is the fourth strike in a month. The ARC say they are reviewing their contracts with Stagecoach as they are failing to provide reliable public transport.

BOUMAU: Three men have pleaded guilty to manslaughter during a Reparoa home invasion in which Beverly Boumau was killed. One man has already pleaded guilty of murder.

LABOUR: Labour is promising to spend an extra $825 million in health over the next three years if it becomes the government. The money is coming from a tax on top income earners.

DEFENCE: A defence seminar has heard that defence exports have increased by 50% over the last year, making the area a growing export business.

PAKISTAN: A final decision on Pakistan’s standing within the Commonwealth will be made next month. Pakistan has been suspended.

WOOL: The chairman of the Wool Board said it would be irresponsible for growers to vote no confidence in the annual meeting this afternoon.



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