Opinion polls in the run up to tomorrow’s general election in New Zealand suggest that the centre-right National party is in pole position to wrest power from the incumbent, centre-left Labour party. In our view, a prospective National government would not make faster progress on budget repair, given its pledge to roll out an array of tax cuts. And although National’s light touch approach to labour market and housing regulation would probably be welcomed by businesses, we doubt it would significantly boost overall growth prospects.
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