13 Mar 2023

PM Hipkins details project cuts to focus on cost of living

From Checkpoint, 5:07 pm on 13 March 2023

Prime Minister Chris Hipkins has scrapped or tweaked eight policies, to focus funds on cost of living. 

The cash for clunkers scheme is gone. The speed reduction programe will just focus on the most dangerous one percent of highways.

The second leg of alcohol reforms - relating to sponsorship and advertising - has been put on ice.

Mr Hipkins say his policy reprioritisation will have cumulative savings of one billion dollars.

Hipkins also announced main benefits, superannuation and student support rates will this year increase in line with inflation.

The government in 2019 indexed benefits to wage growth.

But Cabinet has this year agreed to increase the payments by the inflation rate - 7.2 percent.