Economic growth is expected to average a historically high annual rate of 2.8 percent over the next five years, although growth will peak in the year to March 2015 at a slightly lower level than was forecast in the budget in May, the government’s half year economic and fiscal update says. Lower than expected inflation means the nominal value of …

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned …

Ewan Wilson, the founder of failed mid-1990s Kiwi Travel International Airlines, is eyeing up investors to take on at least some of the regional air routes being abandoned by Air New Zealand, with the principals of imported used car dealers 2 Cheap Cars the first to put up their hands. A name for the company, Kiwi Regional Airlines, has been accepted by …