This blog was dedicated to the monitoring of latest developments in Central, Regional and Local politics from its base in New Zealand's capital city, Wellington. The blog was run by a team with unique insights into latest developments. The Hive was not politically aligned, but did support policy that was best for the growth of business and the economy. Given the obvious interest from our readership The Hive from time to time delved into the politics of other countries or regions.
May 26, 2008
Watkins On Cullen
Tracy Watkins writes an interesting analysis of the politics around the budget on page B5 of the Dominion Post (it is not up on Stuff yet). We tend to agree with pretty much everything she is saying. We agree particularly on the surprise "surprised" reaction from the markets when Cullen delivered a tax cut of exactly the size that the RB had been predicting. Likewise we agree fully that it was Cullen's intention to move the debate back to spending cuts, government debt and asset sales.