Mike's Minute: If it's expensive, does buying local actually work?

If only nostalgia paid the bills.

But when it comes to peaches, it doesn’t.

Wattie's is out. Pams do a good line of imported stuff, and those who buy peaches in tins like it cheap.

A lot of us like cheap.

Chris Lynch: Sharp rise in business closures prompts fresh call to back local

Business closures are becoming a daily occurrence in New Zealand, with new figures showing a 26 percent surge in company liquidations across key industries.

Data from credit bureau Centrix reveals the construction sector remains under the most pressure, recording 765 closures in the past year, up 46 percent. Hospitality has also been badly affected, with 297 businesses shutting down, a 49 percent increase. Hospitality firms are now more than twice as likely to fail as the average New Zealand business.