Bernard’s ‘8 Things’ morning briefing
In the political economy this morning, support for National has risen three points to 46 percent and is ahead of Labour on 43 percent (down 3.0 percent) in the latest Colmar Brunton poll. The Green (5.0 percent) and New Zealand First (4.0 percent) parties fell a collective 3.0 percent.
Meanwhile, the Commission for Financial Capability and the Government are grappling with the fallout from Newsroom's investigation into allegations of bullying against Retirement Commissioner Diane Maxwell. Her minister, Kris Faafoi, confirmed on Friday she would leave when her current term expired in June next year.
This morning, Housing Minister Phil Twyford announced Housing NZ would make discretionary payments averaging $7,735 and apologise to 55 people wrongfully evicted from homes that showed traces of methamphetamine.
Elsewhere, US President Donald Trump and Chinese President Xi Jingping agreed a trade war ceasefire during their meeting overnight on the sidelines of the G20 summit in Buenos Aires, Reuters reported. The New Zealand dollar rose to a five month high above 69 USc this morning on the news.
In France, President Emmanuel ordered his Prime Minister to hold talks with demonstrators after riots on Saturday turned central Paris into a virtual warzone in the worst civil unrest in 50 years. The 'yellow vest' activists were protesting against economic reforms and fuel tax hikes. Macron's Government has considered imposing a state of emergency.
Coming up, the Government is preparing for next Thursday's Half Yearly Fiscal and Economic Update (HYEFU) and economy watchers are looking out for September quarter GDP figures the following Thursday.
1. Maxwell to go after five years