Employer Bulletin | 22 July 2024
- Jul 22, 2024
- 2 min read
Wednesday’s Consumer Price Index data which has inflation at 3.3 percent for the year to July 2024, shows we are turning our economy around and winning the fight against rampant inflation, Finance Minister Nicola Willis says.
“While today’s data will be welcome news for Kiwis, I know many New Zealanders are still struggling with the ongoing cost of living crisis. Our work is not done and the Government are committed to rebuilding our economy so that workers, businesses and families can get ahead.
“Treasury’s Budget forecasts show an improving outlook for the latter part of this year, with inflation pulling back, interest rates dropping and growth recovering.
“Our focus remains on reducing inflation to the Reserve Bank’s target range of 1 to 3 percent, and when interest rates also begin to fall, it will give New Zealanders real cost-of-living relief and allow our economy to kick back into gear.
“The Budget we delivered in May was a careful combination of investment in frontline services whilst also continuing to do our bit to keep inflation down. Today’s data confirms that our approach in Budget 24 was the right one – prudent government spending, lower taxes for hard-working New Zealanders and laying the foundations for New Zealand’s economic recovery.”
In today’s Bulletin
Authority decides employer followed fair disciplinary process
Employee dismissed without being invited to a disciplinary meeting
Employee instantly dismissed by text for taking sudden leave
The Authority refers to the backstory of a clause to define its meaning
Decision to terminate was found to be justified but the decision to suspend was not
Seven news updates of interest for employers including: Inflation data shows progress in economic recovery; Regional Development Minister to host summits; Government confirms next steps for tourism data initiatives; ACC grant helping to build safety culture; Annual inflation at 3.3 percent; $22.7m of West Coast resilience projects underway; and Electronic card transactions: June 2024.
Six Bills open for submission
If you have any questions, about this case or other employment relation matters, call the Advice Line team on 0800 800 362.
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