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Here in NZ the govt hasn't sent people $1200, nor have they given large amounts of money to businesses to stay alive while we're all locked up. What they have
by Taniwha 7y ago
Here in NZ the govt hasn't sent people $1200, nor have they given large amounts of money to businesses to stay alive while we're all locked up.
What they have done is:
- allowed companies who's income has dropped by 30% to claim $600/employee/week of salary support
- negotiated with all the banks to allow mortgage holidays
Think of it as trickle up stimulus and trickle down rent subsidies to keep people connected to companies and as many companies as possible still viable
We're getting close to having Covid beat(only 5 new cases today, all from known sources), next week we slowly start dropping out of lockdown