Waimakariri residents face major rates rises
Audio, Radio New Zealand
The earthquake in Canterbury is likely to result in rate rises.
The earthquake in Canterbury is likely to result in rate rises.
Shell shocked residents still picking up the pieces in one of the worst earthquake affected parts of Canterbury, say a looming rates rise to pay for repairs will cripple them.
The Canterbury earthquake is tipped to increase insurance premiums across the country.
The Canterbury earthquake and a stuttering national economy mean the Reserve Bank is likely to leave the Official Cash Rate unchanged this morning.
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