What is the coalition decision costing New Zealand?

What is the coalition decision costing New Zealand?

What is the coalition decision costing New Zealand?

New Zealand's Prime Minister Bill English talks to hundreds of supporters after election results are announced on September 23, 2017, in Auckland, New Zealand. But the 72 year old politician gave a press briefing on Wednesday in which he pushed back the deadline.

Pressed on whether it would be before or after the weekend, he said: "I can't quite answer those questions as it depends on others as well".

James Shaw says Jacinda "seems to be doing a good job" of negotiations with Winston Peters. "Negotiations will continue for Labour with the parties that we are looking to form a stable, durable, coalition government with".

Peters has held the balance of power now three times and has previously served in both National and Labour governments. The party favours restrictions on foreign ownership and more central bank intervention in the foreign exchange market.

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Asked when an announcement would be made, he told reporters: "Not on Thursday night, no".

Local media reported this week that the future of forestry would be one of his parties' priorities in coalition talks.

Almost three weeks on from the hard fought election, all of the votes have only just been counted, with ballots from Kiwis overseas and those voting by post taking more time to process.

New Zealand First holds the nine seats needed to meet the 61 seat majority in parliament. The Green Party came in a close 4th with 8 seats, leaving 119 seats out of the total 120 in the hands of the four largest parties.

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The New Zealand First party will meet with the ruling National Party, led by Prime Minister Bill English, at midday and then in the afternoon with the Labour Party, led by Jacinda Ardern who nearly single-handedly boosted her party's chances after assuming the party's leadership in August.

Now, one former NZ Prime Minister, Jim Bolger, has speculated that NZ First could be leaning toward a possible confidence and supply deal rather than entering a coalition.

"You could say that the policies are probably more aligned to a Labour-Green-NZ First partnership but a three-way coalition is a lot harder to manage than a two-way coalition".

"ACT MP David Seymour, a long-time critic of Peters, said this week that the New Zealand First leader "(wants) to be immortalised, and that requires being PM".

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The Pound-to-New-Zealand Dollar rate was quoted 0.08% lower at 1.8657 while the NZD/USD rate was down 0.05% at 0.7070.

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