Reserve bank cuts and new school developments w/ the National Party’s Tom Rutherford: 22nd April, 2025

Last week finance minister Nicola Willis announced a budget cut of 25% to the reserve bank. The cut follows criticisms of the reserve bank staffing numbers, which have risen significantly since 2018. 

Also last week education minister Erica Stanford announced $100 million of new classroom developments across the country, with one large development in Massey. The move has been well received, though some have pointed out the continued impacts of overcrowding in the school system, particularly due to housing intensification in parts of the country. 

In our weekly catchup with National’s Tom Rutherford, Wire host Castor asked about each of these issues, starting with reserve bank budget cuts.