Finance Minister Bill English holds a large axe that represents the 'budget' and says 'I wanted to retrieve all my spending tools, but, sadly, with allotted time short, I could only grab this!..' He is standing outside the barrier that surrounds the Christchurch CBD. Context - The Christchurch central business district has been largely out of bounds to anyone but those dealing with the after-effects of the earthquake of February 22 but business owners have been allowed restricted access to retrieve gear and belongings. The 2011 budget looks as though it will be focused on paring everything down because of the sad state of New Zealand's economy at present (made worse by the need to rebuild Christchurch), hence the axe.
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Minister for Social Development Paula Bennett stands on a large carpet that represents the 'dole'; she has swept the detritus of 'job initiatives', 'unemployment' and 'job summit' under the carpet with a broom and says 'The benefit system is there and can sort of get as big as it needs to' Context - the Government has announced its business assistance package to Christchurch is to be watered down and then cease over the next few weeks. John Key and Paula Bennett have said that 'the dole will be there for them'. Clayton Cosgrove Labour's Canterbury Earthquake Recovery spokesperson says Prime Minister John Key and Social Development Minister Paula Bennett are cruelly missing the point in terms of Canterbury people who lose their jobs in the wake of the earthquakes. He says "They want jobs, and they want to know what the Government is going to do about ensuring Christchurch businesses can get up and running again". (Business Scoop 5 April 2011)
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Shows a postman who has just put an 'Earthquake bill' for '$8.5 billion' into the government's letterbox. Context - The New Zealand government will spend about 8.5 billion NZ dollars (6.6 billion U.S. dollars) over the next few years rebuilding Christchurch. New Zealand Finance Minister Bill English said on Tuesday that the Treasury has estimated the direct cost of the two earthquakes is about 5.5 billion NZ dollars), which will be fully provided for in the Budget in May. He said about 3 billion NZ dollars of that relates to thegovernment's share of local government infrastructure, roads, insurance excesses on schools and housing, land remediation from the September quake, demolition, Accidents Compensation Corporation scheme and the business support package. (Xinhuanet 12 April 2011)
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Finance Minister Bill English scratches his head with frustration as he stands up to his chest in earthquake rubble that represents the 'economy'. Allan Bollard the Governor of the Reserve Bank appears in gumboots asking if he can 'help with rebuilding..? by making an 'OCR cut'; he holds a collection box labeled 'OCR cut'. Context - Two earthquakes and hundreds of aftershocks have hit Christchurch, the first on 4 September 2010 and a second more devastating one on 22 February 2011. The Reserve Bank has made a relatively large 50-point cut in its benchmark interest rate, the Official Cash Rate (from 3% to 2.5 per cent). Critics say that inflation is already running unacceptably high and there is a threat of much higher inflation in a year or two when the rebuilding of Christchurch begins to put pressure on limited resources. The Reserve Bank acknowledged these factors, but it has chosen instead to focus on the immediate impact of the earthquake on the economy and particularly on all-important business and consumer sentiment. (Press editorial 12 March 2011)
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