The future of the Labour Party will hinge on how voters perceive Ardern and her government tackled economic problems. Read more at straitstimes.com.
Over nearly six years in office, Prime Minister Jacinda Ardern of New Zealand skilfully weathered one sudden catastrophe after another and cruised to reelection in 2020. But in the background, New Zealand’s long-standing economic issues – like expensive housing and a high cost of living – continued to simmer.the future of Ms Ardern’s liberal Labour Party will hinge on how voters perceive she and her government tackled those problems.
On Thursday, when Ms Ardern announced her plan to step down, among her detractors was Mr Ben Buist, 49. Speaking in downtown Christchurch, New Zealand, he told of struggling with the country’s cost-of-living crisis and trying to get affordable housing. Inequality remains stubbornly unchanged, with the top 10 per cent of New Zealanders still holding approximately half of the country’s household net worth.
“The average Kiwi doesn’t care if our inflation is lower than what it is in the United States or the United Kingdom; they just care that it’s hitting them,” Mr Olsen said. “A lot of the time, most people don’t actually care what the root cause is; they just want to see it fixed.” Most of the government’s economic policies have come not directly from Ms Ardern but from Mr Grant Robertson, the country’s deputy prime minister and finance minister.
But in the short term, homeowners in New Zealand have more pressing concerns. Home prices in New Zealand fell 12 per cent last year, after surging for years.Previous governments – both Labour and the centre-right National Party – had also failed to rein in the galloping housing prices, a problem that dated back to the early 2000s.
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