Mike's Minute: Rate caps – not a moment too soon

So the Government has moved on rates.

The cap is 4%, unless there are exceptional circumstances.

Of all the price pressures that are out of control, rates would have to be the worst.

John MacDonald: Rate caps won't make a difference

Hats off to the Christchurch City Council.

Which is telling the Government today that its idea of forcing a cap on council rates increases is “unrealistic and unworkable”.

Which is a polite way of saying “rates caps are a daft idea, so just drop it right now”.