Voting with their feet

The contrast between the Australian Budget delivered by Treasurer Joe Hockey earlier in the week and New Zealand’s Budget delivered by Finance Minister Bill English yesterday was stark.

Trans-Tasman migration is a reliable indicator of the state of the two countries’ economies and even before the Budgets were delivered, the tide had turned in New Zealand’s favour.

. . . A net immigration inflow of some 38,100 this year is very high by historic standards, mainly reflecting more New Zealanders deciding to stay here instead heading to Australia or further afield in search of greener pastures.

It’s hard to argue with the way that people vote with their feet. Pattrick Smellie

The message from both Budgets is likely to reinforce this trend.

 

One Response to Voting with their feet

  1. Quintin Hogg says:

    The PM mentioned that last months outflow to Australia was about 300 people, as opposed to 3000+ per month.
    People are seeing that the grass is perhaps greener in NZ and are staying.
    It also means the arrival of people like Mr Norman who would like to tellus what to do but I suppose you have to take the good with the bad.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: