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Showing posts with label Eric Ness. Show all posts
Showing posts with label Eric Ness. Show all posts

Saturday, October 17, 2026

Eric Ness: Labour, The Greens and Wellington's most popular $10.5 Billion


There is a wonderful new expression floating around election-year economics: headroom. It sounds reassuring. Spacious. Comfortable. The sort of thing a real-estate agent mentions just before you discover the ceiling slopes down to one and a half metres.

Labour says it has almost $10.5 billion of future operating allowances still unallocated. Barbara Edmonds says that gives Labour room to deal with whatever comes next. Labour also says its announced programme fits inside the existing $2.4 billion Budget operating allowance and that the books return to surplus.

Excellent. Except quite a few people already seem interested in the spare room.