David Farrar: Labour’s legacy

The Herald reports:

An economist from New Zealand’s largest bank said the Labour Government went on a “debt-funded spending spree”, leaving a fiscal mess for the current Government to clean up.

ANZ economist Miles Workman, in a research note previewing next week’s Government Budget, said the large growth in spending that occurred in Labour’s second term was an “inflation-fuelling fiscal expansion” that was yet to be fully unwound by the coalition. …