The SME Stream

The Labour leader's promising other parties' tax proposals are off the table under his watch – even if the Greens get a good chunk of the seats in Parliament.
The Green Party's campaigning on new taxes and increases to the corporate tax rate, as well as taxes on earnings above $160,000.
Labour's pledging what it calls a simple, targeted capital gains tax.
Leader Chris Hipkins told Kerre Woodham the Greens will not force him to do things he's promised are not happening.
He says they can continue to make their case, but says Labour will not betray its voters.
Hipkins is expecting a high turnout this election if the early voting momentum's maintained.
But the Labour leader says it's unfortunate 260 thousand people aren't on the roll to vote.
He says many of these people are young and may have only started tuning into the election in the past week, but now it's too late.
Hipkins told Woodham we need a robust electoral process, but the main issue we encounter is people voting more than once, quite often older people who might not realise.
He says there's a human element – it's not an intention to defraud the voting system, it's just what happens.
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The Government has been banking on an economic recovery — but has it arrived too late to help at the ballot box?
This week on The Economy of Everything, Liam Dann and Tamsyn Parker discuss why signs of improvement still aren’t translating into stronger wages or confidence, and why the coalition keeps having to promise things will get better next year.
Plus, could a close election leave businesses waiting until Christmas for certainty? And what happens if a global economic shock hits while parties are negotiating?
The Economy of Everything is brought to you by CMC Markets.
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Revolut has become New Zealand's 27th bank, after the Reserve Bank granted the London-based platform a banking licence.
This will enable Revolut to hold deposits and participate in the Reserve Bank’s Depositor Compensation Scheme.
Revolut CEO Ryan Brosnahan says this is an 'exciting' opportunity.
"We find that customers actually want to interact with their phones, rather than walking into a branch - and so we've built the entire business around that."
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Retailers are feeling more optimistic about the year ahead, with confidence reaching a two-year high.
Retail NZ's latest Retail Radar report finds 73% are confident their business will survive the next 12 months.
A similar number expect to meet or exceed their sale targets in the final three months of the year.
Chief executive Carolyn Young told Mike Hosking the year has been a bit up and down, largely impacted by the pesky fuel prices.
She says if we could get those under control, there's the sense the economy might move in the right direction for both consumers and businesses.
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Our dairy industry is continuing to reach new heights.
Prices have risen another 3% at this morning's Global Dairy Trade auction, with whole milk powder up 5.9% and skim milk powder up 3.1%.
The sector's also produced more than two billion kilograms of milksolids during a single season for the first time.
Dairy NZ Chief Executive Campbell Parker told Mike Hosking it's despite farmers costs still rising.
He says farmers are doing more with less and drive good productivity through good decision making.
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