Tag: shift

Covid-19: Finance Minister says businesses to shift to ‘safe’ economic activity under alert level 3

Minister of Finance Grant Robertson says the focus for businesses will move away from “essential” economic activity to what is “safe” under alert level three.

Finance Minister Grant Robertson

Minister of Finance Grant Robertson
Photo: Pool / NZME

Robertson made his comments in a speech to Business New Zealand this afternoon.

It follows an announcement made earlier today that small businesses will get a $3 billion boost through tax breaks to help them ride out the impending economic crisis.

Robertson broke down the response to the Covid-19 crisis in three waves; fight the virus and cushion the blow, kickstart the economy, and reset and rebuild the economy.

The government’s response was not about distinct phases that followed one after the other, he said.

“They are waves that are all under way at once, lapping over and under each other,” he said.

“Much of the work we have done and continue to do on the

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