Some of the initiatives are starting to work, while others are not eventuating. Phil Goff highlights that he banks are not proceeding with their co-funding of credit in partnership with the Government.And the cycleway has been watered down significantly.

However Paula Bennett has announced that two more firms have joined F&P in the nine day fortnight scheme. You can only be in it for six months, so I am surprised even three firms have already gone into it, as I suspect the worst times are still ahead. I would probably want to go in, if needed, around September 09 and out in March 10 when hopefully the recovery is starting.

One of the new firms going is is Summit Wool Spinners, Oamaru’s second largest employer.

Also better news from Phil Heatley who has 935 people working on upgrading state houses.  Housing NZ is building 86 new homes (on top of the 475 scheduled for this year) and is upgrading 18,000 state houses by July 2010.

Comments (13)

Login to comment or vote