The National Party has confirmed it's not going to introduce any new taxes if elected for a second term.

Earlier this month, it indicated  it was looking at new bank tax settings and progressing a bed tax, but they've ruled those out.

Finance Minister Nicola Willis says the party was very clear two weeks ago - and they've clarified these new taxes have been ruled out.

"The three parties of the coalition - National, New Zealand Fist and ACT - agreed to explore it, only explore it...and we've come to our campaign position, which is that we will not do it." 

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