One of the nasty little fishhooks in the budget was the cutting of the home insulation scheme (Warm Up New Zealand). The scheme had a benefit-cost ratio of $6 for every $1 invested. Around 1,600 people die in NZ a year of cold-related factors. Hope the tax cuts are worth it eh?
This is a good example of a policy win from opposition. More please!
I/S at No Right Turn on the insanity of scrapping the home insulation programme.
National blew the VIP entertainment budget for the Rugby World Cup by $5 million, despite none of the promised big names actually turning up. They got the extra dosh out of Mfat’s budget. In unrelated news, the government is cutting the Greens’ Warm Up New Zealand programme, which has returned four times its costs in benefits. There’s no money, you see.
