28 Jul 2023

Economist warns removing GST not the answer to cost of living

From Checkpoint, 5:14 pm on 28 July 2023

A reprieve from the rising cost of food can't come soon enough, but an economist is warning that removing GST is not the answer.

National claims Labour plans to remove GST from fruit and vegetables if it gets back into government, Labour hasn't denied the claim but is staying tight-lipped on its tax policy.

But numbers crunched for the government back in 2018 show people would be better off, and it would cost less, to dish out a weekly universal payment.

Amy Williams reports.