The Reserve Bank’s rate cut, though belated, is welcomed as a “multi-billion dollar mea culpa” by Act leader David Seymour, addressing past excesses that led to spikes in house prices and inflation. Interest rates rose due to Covid spending and households made sacrifices, prompting a call for continued efforts to reduce waste, cut red tape, and fast-track infrastructure to prevent further decline.
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Rating David Seymour as Acting Prime Minister – Audrey Young
David Seymour has served as Acting Prime Minister this week, leading his first post-Cabinet press conference on Monday and his second Question Time on his birthday. This marks his first time in the House as Acting PM and Deputy PM since his previous stint in November when both Christopher Luxon and Winston Peters were abroad. Need More Context? 🔎
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