NZ economy

Treasury's advice to Bill English is nothing if not clear – it's time to cut. So does its briefing to the incoming minister make its case? Or rather miss the point entirely? What do you think...

Reading a Treasury briefing can be a morbid experience; they are the bureaucratic embodiment of cynicism, seeing the price of everything and the value of nothing. The latest offering to the incoming minister makes you wonder whether the word "invest" is simply too long for the Treasury analysts, so they fall back on a nice short one – "cut".