24 Nov 2022

Council of Trade Unions economist on OCR rise

From Morning Report, 6:44 am on 24 November 2022

The Council of Trade Unions says it's time for New Zealand's corporate tax rate to come under the blowtorch in the wake of the record Official Cash Rate rise.

CTU chief economist Craig Renney says the rise to 4.25 per cent means young mortgage holders continue to bear the cost of what he terms an "economic crisis".

He says banks and other large companies that have performed well during the pandemic will continue to thrive.

Renney spoke to Corin Dann.