The Prime Minister is being praised for a "business friendly" pre-budget speech.

Chris Hipkins says the Government will deliver a no-frills Budget, balancing restraint with funding the basics on May 18.

He's ruled out introducing a capital gains or wealth tax, and bringing in a cyclone levy to fund the recovery.

Auckland Business Chamber chief executive Simon Bridges says it provides certainty.

"If he had sort of left that door around tax open, there's a very real danger he would have killed the mood amongst businesses and amongst households at a time when we've got to try and desperately lift the mood."

LISTEN ABOVE

The Prime Minister is being praised for a "business friendly" pre-budget speech.
Chris Hipkins says the Government will deliver a no-frills Budget, balancing restraint with funding the basics on May 18.
He's ruled out introducing a capital gains or wealth tax, and bringing in a cyclone levy to fund the recovery.
Auckland Business Chamber chief executive Simon Bridges says it provides certainty.
"If he had sort of left that door around tax open, there's a very real danger he would have killed the mood amongst businesses and amongst households at a time when we've got to try and desperately lift the mood."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.