The Prime Minister took aim at huge profits banks have been making during the cost of living crisis – saying it was wrong as many New Zealanders face financial strain."Self-reflection". Apparently, we're not even getting a market study from the Commerce Commission to determine whether it is reasonable for an industry to make 50% of its revenue in profit, year after year, at a cost to the rest of us of billions of dollars. That might be too much like action. As for a windfall or excessive profits tax, of course not.She said questions needed to be asked whether those making huge profits were serving New Zealanders well, however, the condemnation did not extend to implementing any changes from the Government beyond suggesting self-reflection from the banks.
And this is why Labour deserves to end up in opposition after the next election: they're all noise and no policy. They're offering us literally nothing, just the same tired, unjust status quo. So why should anyone who wants change vote for them?