NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / New Zealand

Letters: Christopher Luxon not to blame for Crown debt costs; NZ’s Covid response priorities

NZ Herald
8 Dec, 2024 04:00 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

"It's good that Auckland Council has completed a smooth sale of their Auckland International Airport shares."

"It's good that Auckland Council has completed a smooth sale of their Auckland International Airport shares."

Letters to the Editor

Don’t cry for us Mr Hooton

Matthew Hooton’s Argentinian economic reform comparisons with the Christopher Luxon-led New Zealand Government reforms are disingenuous (NZ Herald, December 6).

Argentina, a country of 47 million people, has suffered from decades of gross economic mismanagement. It is a country with a 53% poverty rate, an average monthly salary of US$200 ($343) and inflation rates often around 200% pa.

In addition, it had defaulted multiple times (2001, 2014 and 2020) on its international sovereign debt. Surely not an economy worthy of benchmarking New Zealand with.

Hooton also runs some numbers around New Zealand net core Crown debt and GDP that smack of “cherry-picking” to facilitate a story. A cursory review of New Zealand Government financials show net core debt increased by a massive $116 billion ($59.5b to $175.5b) in the seven-year period from June 2017 to June 2024.

Advertisement
Advertise with NZME.

Whilst acknowledging the economic impact of Covid, it’s worth noting that Luxon was only Prime Minister for seven months in that time.

Also worthy of note is that financing costs of servicing Crown debt has increased to $8.8b – just another major economic headwind faced by Luxon.

Bruce Eliott, St Heliers.

Advertisement
Advertise with NZME.

Covid priorities

As a registered nurse in New Zealand, watching the health facilities overseas battle Covid and coming nearer, I was so relieved when the borders closed.

We did not have the facilities, equipment and personnel needed to care for a deluge of patients. It bought us time while a vaccine was developed but when it arrived, we needed to get it to everyone as quickly as possible.

In hindsight, we should have spent the exorbitant price by drug companies of $48 million and got it earlier. Hindsight is 20/20 vision.

We had spent so much supporting everyone while in other countries they queued up for hours for food parcels. So Labour saved it and we had to wait for another turn to obtain vaccines.

I feel another government would have let Covid in and protected business. However the death toll would have been unimaginable.

Danny Sinton, Swanson.

Airport share sale

Advertisement
Advertise with NZME.

It’s good that Auckland Council has completed a smooth sale of their Auckland International Airport shares.

What is less clear is whether the Auckland Future Fund (AFF) will provide genuine long-term benefits to ratepayers, or will simply be used as a contingency fund to be dipped into as and when required.

Other councils who have gone down this track have found they need extra officials, consultants and advisers to manage these funds, all of whom detract from returns, which are at best uncertain. Nobody beats the market for long, although the projected 3% dividend on the initial $1.3 billion does appear quite modest, suggesting that council may be better to simply repay debt (assuming their borrowing costs are greater than 3%).

Otherwise the AFF, whilst preserving the illusion that the family silver hasn’t been sold, may prove to be either a black hole demanding ever-increasing resources, or a piggy bank operating at the whim of the council.

Duncan Simpson, Hobsonville Point.

Ratbag runaways

It was absolutely amazing to hear the Children’s Minister state that two dangerous 15-year-old boot camp attendees who scarpered when attending a tangi actually did not escape but “absconded”.

So, what’s the difference and why were they allowed to be there, presumably unrestrained, in a group of some 150 people? If that’s the brain power of our ministers, then God help us. Easily out-thought by these two ratbags.

Paul Beck, West Harbour.

Snail mail

A pre-paid business letter from Central Auckland, franked on November 18, was not delivered to my place in Epsom until December 4. That is over two weeks.

When I phoned to complain, I was told that this was a very busy time of the year. Furthermore, some mail was taking a month (the impression gained: I was lucky to get mine so quickly).

As Christmas happens every year at the same time, I suggested extra staff both should and could be employed. I’m not holding my breath though and am cross on missing out on free movie passes.

Is New Zealand a First World country? I wonder.

Bev Langdon, Epsom.

Boxing on

So David Walsh CEO of NZ Post is the third highest-paid public CEO in NZ on almost $1.2 million (Weekend Herald, December 7).

Yet, over six months since he temporarily closed the New Lynn post boxes, he has not yet found another NZ Postshop, forcing all the mailbox holders, including me, for over half a year to drive to Henderson six times a week to get our mail.

David, please earn your high salary and get another New Lynn Postshop before Christmas as all our Christmas presents. We really deserve it.

Murray Hunter, Titirangi.

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from New Zealand

New Zealand

Kea Kids News: It’s a town filled with wild horses!

New Zealand|crime

'I will forever hate you': Victims' torment after 'friend' sexually abused them as boys

15 Jun 08:00 AM
Crime

Coconuts and meth: The story behind NZ's largest pseudoephedrine prosecution

15 Jun 06:00 AM

The woman behind NZ’s first PAK’nSAVE

sponsored
Advertisement
Advertise with NZME.

Latest from New Zealand

Kea Kids News: It’s a town filled with wild horses!

Kea Kids News: It’s a town filled with wild horses!

Reporter Martha and friends are in Minginui introducing us to their favourite four-legged neighbours, wild but friendly horses that have had free reign of the place since 1870.

'I will forever hate you': Victims' torment after 'friend' sexually abused them as boys

'I will forever hate you': Victims' torment after 'friend' sexually abused them as boys

15 Jun 08:00 AM
Coconuts and meth: The story behind NZ's largest pseudoephedrine prosecution

Coconuts and meth: The story behind NZ's largest pseudoephedrine prosecution

15 Jun 06:00 AM
Police seek witnesses to Rotorua hit-and-run

Police seek witnesses to Rotorua hit-and-run

15 Jun 04:24 AM
How one volunteer makes people feel seen
sponsored

How one volunteer makes people feel seen

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP