Labour's alternative budget

Labour party leader David Cunliffe and finance spokesman David Parker have revealed their alternative budget. Labour has made what it says are "minor" changes to its fiscal plan in response to the softer economic outlook and lower Crown revenue forecasts outlined in last week's Pre-election Economic and Fiscal Update (Prefu). However that amounts to cuts in spending of $300 million a year from what Labour proposed in its original plan and has seen a handful of yet to be announced policies axed.