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The Kākā
Willis says Govt won't help households absorb fuel shock unless it's 'targeted, timely & temporary' & won't hurt the budget; So households, which are much more indebted than Govt, face the hit alone
The distributional logic here is stark: household debt in New Zealand is roughly three times government debt, yet the policy response to the fuel shock is to let households absorb it rather than use the government's balance sheet as a buffer. That's a choice, and it will show up in every cost-of-living poll between now and November.