On Radio Live last night, Duncan Garner was chortling with satisfaction at Bill English’s stewardship. His business guests were even more delighted. Andrew Patterson praised Bill English’s wisdom and prudence that had finally undone all the damage of the Clark Labour Government. In a pretty disgusting metaphor, Garner said Cameron Bagrie, the ANZ chief economist, soiled his trousers in delight when he read Bill’s Budget.
The Budget’s key features include measures to reduce house prices, ACC levy cuts, privatisation of Meridian Energy, support for businesses and for research and development, more money for Christchurch’s reconstruction, and, of course, a surplus – by 2015. [Read more...]