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.