First home buyers grant and budget announcements w/ The National Party’s Tom Rutherford: 4th June, 2024.

Last week the government released its budget, announcing cuts and new funding across sectors. Particularly notable were the tax cuts, promised during the campaign last year to support lower and middle-income families. The government’s calculator indicates that many will not receive a significant amount of money from these cuts, with those on high incomes benefiting the most. 

The budget also contained changes to fees free in universities, moving the free year from students’ first year to their last. 

Additionally, before the budget announcements, the government also scrapped the first home buyers grant, a policy introduced to support New Zealanders into their first homes. 

In our weekly catchup with the National Party, Wire Host Castor spoke to MP Tom Rutherford about the first home buyers bonus, public reception of the tax cuts, and the changes to fees free in universities.