Evening Business for 5 May 2011
Audio, Radio New Zealand
The Bank of New Zealand has set aside 60 million dollars for potential credit losses from the earthquakes in Christchurch.
The Bank of New Zealand has set aside 60 million dollars for potential credit losses from the earthquakes in Christchurch.
In quake-ravaged Christchurch businesses are tentatively restarting, and infrastructure is being restored, but there's ongoing uncertainty about job losses and how people will survive financially. Within six days of the February earthquake; the Government had introduced a subsidy scheme for businesses and their employees, as well as people who'd found themselves out of a job. Now there's growing disquiet about what will happen to thousands of Cantabrians when that support scheme finishes at the end of May.