National's finance spokesperson Paul Goldsmith told Morning Report that it wasn't true there would be $80b in cuts. 2020 US election: Who are the Proud Boys, the group Donald Trump told to 'stand by'? Jacinda Ardern is questioning National's credibility in balancing a budget. The commercial, released on Friday afternoon, features Labour leader Jacinda Ardern sitting at a desk in a bright red blazer staring down the camera. The inside story of how New Zealand beat coronavirus: The... Farm Heroes Saga, the #4 Game on iTunes. New Zealand Prime Minister Jacinda Ardern denies her response to the coronavirus pandemic has wreaked havoc on her nation’s economy. So why is this school so safe? Pictured is a restaurant in Wellington in June. The nation, led by Prime Minister Jacinda Ardern, saw its economy shrink by a record 12.2 per cent in the second quarter, The popular 'Eat Street' in Rotorua, New Zealand is seen empty during the COVID-19 lockdown. The economy was once over lightly, touching on debt and letting Collins away with saying there was only "one" mistake in the party's economic plan. Connect with friends faster than ever with the new Facebook app. Prince Philip 'very, very disappointed' in Meghan's failure to support the royal family - reports, Quiz: Afternoon trivia challenge: October 1, 2020, Wireless Ford, 30, gets life for 'particularly brutal murder' of father-in-law, Comancheros: Charges against media personality dismissed, accountant fined on drugs charges, Quiz: Morning trivia challenge: October 1, 2020. The comments below have not been moderated. "Ultimately, what needs to be done, we are already rolling out.". They are yet to tell us how they will achieve their 30 percent target which could mean up to $80 billion worth of cuts. Picture: Kai Schwoerer/Getty Images Source:Getty Images "By maintaining solid economic growth, by investing in training, investing in education, investing in job creation, targeting high-skilled, high wage jobs - that's how we grow our taxpayer base and that is how we grow our way out.". New Zealand has recorded 25 coronavirus deaths in a population of five million and cases have been largely contained since late May, aside from a flare-up in Auckland last month. Ardern said the government plans to stay the course if re-elected and people shouldn't expect any surprises with economic policy. Finance Minister Grant Robertson said the lockdown was necessary to save thousands of lives and get on top of the virus so the economy could bounce back faster. By Kelsey Wilkie and Stephen Johnson For Daily Mail Australia and Australian Associated Press, Published: 22:52 EDT, 16 September 2020 | Updated: 03:02 EDT, 17 September 2020. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, 'Will always love you': Chrissy Teigen reveals she has lost her baby as she posts photo of her cradling the little boy called 'Jack' in hospital with husband John Legend after having 'bags and bags of blood transfusions', Donald Trump's microphone could be turned off in the next debate if he keeps interrupting or he might get a time penalty under Debate Commission plans after 'dumpster fire' clash, Brad Parscale resigns from the Trump re-election campaign to 'focus on family' after he was detained by cops as his wife now says he has never physically abused her - despite telling officers he had, American and United Airlines tell 32,000 employees they will start furloughing them today as stimulus money runs out amid Congressional stalemate over second relief package, Navy SEALs go gender neutral: References to 'brotherhood' and 'man' are removed from its official ethos to include more gender neutral terms such as 'warrior' and 'citizen', California could become the first state to pay reparations after adopting a During the June quarter, the UK's economy contracted by 20.4 per cent as French GDP shrunk by 13.8 per cent while Canada's economy plunged by 11.5 per cent. Colleges are exploding with COVID. "Together, we went hard and early to fight COVID. On the campaign trail: Judith Collins attacks on the economy, Jacinda Ardern charms the crowds ... inflation and a growing economy. Play it now. During New Zealand's last recession, Labour's last prime minister Helen Clark lost the November 2008 election - but she had already been in power for nine years.

National leader Judith Collins talks about what New Zealand falling into recession means. Jacinda Ardern's Labour Party is the favourite to be re-elected on October 17 despite the recession. Prime Minister Jacinda Ardern says taxing New Zealand’s top earners is a way to keep growing debt under control. A relatively deserted Parnell Rise as Aucklanders return to level three lockdown on August 13, 2020, The Westpac bank is expecting Thursday's official figures to show an 11.5 per cent contraction for the June quarter - a level significantly more severe than Australia's record seven per cent plummet during the same period.

"I fundamentally disagree with the approach put out by the opposition. But the opposition National Party said Ardern's centre-left government had failed New Zealanders by failing to keep the economy moving. Read more: The Facebook prime minister: how Jacinda Ardern became New Zealand's most successful political influencer New Zealand responded well in … ", "They're continuing to add costs to businesses" - Paul Goldsmith (7 min 16 sec), "What we're talking about is very long term projections and how we steer a path back to lower levels of debt.". Prime Minister Jacinda Ardern said Labour's economic plan is to focus on Covid recovery with investment in training and jobs, and that National's plan to reduce debt would mean $80 billion in cuts. Opposition leader Judith Collins (pictured)slammed the Government's handling of the pandemic, saying National would 'not let COVID-19 into New Zealand', A shopper makes his way into a store offering a closing down sale in Auckland, New Zealand. "What we'll be doing over this election period is, yes, adding some additional aspects, but I would flag to voters not to expect large scale manifestos that are a significant departure from what we're doing. "It's important the government enables that entrepreneurial activity to happen rather than replacing it.". Word Wipe: Challenge your vocabulary with this word-making game, "I do not want the next generation hit with the burden that we've seen in past downturns" - Jacinda Ardern, "They're continuing to add costs to businesses" - Paul Goldsmith. We are no longer accepting comments on this article. 'Industries like retail, accommodation and restaurants, and transport saw significant declines in production because they were most directly affected by the international travel ban and strict nationwide lockdown,' he said. "What we've said is that putting ourselves in the position we did going in, where we had debt down to about 20 percent, means that we are well placed to pay down that debt over a longer period of time. 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Stats NZ spokesman Paul Pascoe said the closure of New Zealand's borders since March 19 had also had a huge effect of some sectors of the economy. 'You lock up the economy, activity falls,' he said. The second quarter reporting period, from April to June, happened in the middle of the country's first lockdown when thousands of businesses were forced to close. Goldsmith said the only reason the government was in a good position going into the Covid-19 crisis was because the previous National government was "careful". New Zealand Prime Minister Jacinda Ardern said a four-day workweek could help revive the country’s wilting economy from the coronavirus downturn. It' the path we take over the next three years that needs attention.'. Figures showed construction activity was down 26 per cent, manufacturing fell by 13 per cent, and household spending was down by 12 per cent when compared with the previous quarter. "We want to have an employment-friendly environment where people feel confident to take a chance, hire a person, and expand their business and we want to make it easier for that to happen. The eye-watering figures, released on Thursday by Statistics New Zealand, are significantly more severe than Australia's record seven per cent plummet during the same period. 'Other industries, like food and beverage manufacturing, were essential services and fell much less.'. Election 2020: Labour releases economic plan, with a $140b typo, Live: Judith Collins clobbers Advance NZ, Labour takes on supermarkets, Covid-19: 12 new cases, 10 from the same flight, but none from community transmission. ... Jacinda Ardern and Judith Collins are teeing off in the Newshub leaders debate this evening, two days after a poll put Labour on 47 percent support and National on 33 percent. Cybercrime has evolved. "I do not want the next generation hit with the burden that we've seen in past downturns" - Jacinda Ardern (10 min 56 sec). "We are in a much better position than most [other countries] which is why I will not have the next generation pay, through austerity measures, that means we're unwilling to support them into jobs and making sure they have income support - which seems to be what the opposition is suggesting.". New Zealand most recent recession was in 2008-09 and until the first three months of this year it had recorded non-stop quarterly growth since 2010. Prime Minister Jacinda Ardern visits Massey in Palmerston North. Prime Minister Jacinda Ardern said Labour's economic plan is to focus on Covid recovery with investment in training and jobs, and that National's plan to reduce debt would mean $80 billion in cuts. New Zealand went into a strict lockdown on March 25 and emerged from them on June 8 as part of an elimination strategy.

During the first half of 2020, Australia's states and territories implemented more moderate Stage Three restrictions, which closed non-essential businesses like cinemas, nightclubs, gyms and restaurants. Unlike New Zealand, Australia allowed restaurants to offer takeaway meals as customers were banned from dining in from the end of March. Residents were ordered to stay home to prevent the deadly virus from spreading.