COMMENT:

While National languishes, Jacinda Ardern's Government is now cemented as the seventh term of the Clark-Key regime.

Grumbles are growing on the extreme left, but if there is nothing to excite the left, that means there's even less to agitate the right. Half-way through their first term, there is much less about Ardern, Winston Peters, Grant Robertson and even the Greens to concern business than feared.

Robertson's conservative Budget Responsibility Rules are the anchor maintaining policy stability, but are not alone. With Labour's election promise not to change current personal income or corporate tax rates and Ardern ruling out

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