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.
Topics - Insurance premiums are expected to rise across the board, as insurance companies look to recoup some of the massive losses from the Canterbury earthquake. and what lasting effects might children suffer from the earthquake?
Hide backs Garrett despite passport fraud, Christchurch firms hopeful RBNZ will keep rates on hold, Radio New Zealand's political editor discusses Act turmoil, Earthquake muddies picture on future OCR rises, State of emergency expected to be lifted in Canterbury, Kaikoura slip due to be cleared today and Statue of Battle of Britain hero Sir Keith Park unveiled in London.
A graph shows an earthquake registering 7.1 on the Richter scale and $2 billion on the 'Wreckter' scale. An arrow shoots upwards from the $2 billion anticipating that the cost will rise higher. Text above reads 'SIZE-mic does matter'. Refers to the Christchurch earthquake of Saturday 4th September 2010 and the cost of the damage. No-one was killed. Quantity: 1 digital cartoon(s).
Two people stare at a demolition scene. The man thinks there must have been an earthquake but the woman advises him that it was the city council. Refers to plans to demolish three buildings in Wellington's Willis Street without public consultation. The buildings due for demolition are owned by Singaporean Grand Complex Properties, which plans eventually to build a multimillion-dollar high-rise on the site, reports stuff.co.nz. The Canterbury earthquake happened 4th September and as a result there has been a lot of discussion about the need to preserve historic buildings if at all possible. Quantity: 1 digital cartoon(s).