In today’s budget New Zealand’s National Party Government announced it intends to scrap tax cuts promised at the last election and will suspend $2 billion in annual contributions to the NZ Superannuation Fund for the next 10 years. The promises were made despite National knowing back in Feb 2008 that the operating balance was shrinking…

In today’s budget New Zealand’s National Party Government announced it intends to scrap tax cuts promised at the last election and will suspend $2 billion in annual contributions to the NZ Superannuation Fund for the next 10 years. The promises were made despite National knowing back in Feb 2008 that the operating balance was shrinking…