Labour wants to fix the economy. Do its own rules stand in the way? | In Brief

Labour says New Zealand’s economy is no longer working for ordinary people. But do its new fiscal rules leave it enough room to actually change things? Ollie Neas talks to journalist and commentator Bernard Hickey about Labour’s new fiscal strategy, the legacy of the Public Finance Act, and whether Labour’s lack of ambition is holding the left back. Bernard Hickey is a journalist, commentator, and editor of The Kākā. 00:00 Why does Labour believe in fiscal restraint? 00:36 Introduction 02:19 The problem with Labour’s new fiscal rules 16:30 Where did the 30–30 rule come from? 25:47 Can Labour actually fix the economy? 36:38 Why won’t Labour change course? 45:01 Can Labour be pushed to change? 53:24 Outro