To add to his swing right, PM Hipkins caved into industry demands to open the flood-gates on immigration which is likely to depress the wages of local Kiwis, particularly less-skilled ones, since that is where the current boom in immigration amazingly seems based.
When Hipkins became PM & announced a new focus on economics, I wondered whether he'd go right or left of Ardern on this dimension. That question has been answered. He has re-affirmed her opposition to capital taxes, but gone further by dropping unemployment insurance and giving business what they wanted on immigration.
My view is that Hipkins "policy bonfire" was a mistake for Labour as it's looking now like the Party has burnt down its own house by abandoning its principles. Hipkins has deserted the Party's core support base due to his lust for power and shameless attempt to court business, even if it meant selling his grandmother in the process. He has fractured cabinet and is in the process of causing a seismic crack in the party itself.