NZ First, BNZ, and the power of minor parties

This week has seen discussions on New Zealand Firsts announcement that if they win the election they plan to buy BNZ and nationalise it into kiwibank, a plan some estimate to cost $30,000,000,000 and has been completely ruled out by their coalition partner in the National Party. Despite this, it’s sparked conversations around how we should be engaging with our banking sector, the vast majority of it dominated by Australian owned banks.

And critics fear that National party changes to the accommodation supplement is going to hit poor working families at a time they’re already doing it rough, nullifying other support that they are offering the rest of the country more broadly, repeating a pattern of policies that hurt poorer communities worse than the rich.

So for our weekly catchup w/ the Green Party, Host Manny spoke with MP Ricardo Menéndez March on what impact he thinks will come from restrictions to the accommodation supplement, particularly for the poor, they then discussed New Zealand Firsts policy to buy BNZ bank, and whether minor parties tend to over promise if they are constrained by the major parties who they will inevitably have to work with if they make into parliament.