langi27: yes I guess I would have preferred that they spread out the increases over time.
That would have been the smart approach but some retailers seem scared of raising the price. If you're going to put prices up 10% it's much better to do 2.5% every 3 months.
If you want to make the most of your tax cut, save more, consume less :)
Nice idea, but when I take off my rose tinted glasses all I see are compulsory price rises we can't really avoid. ETS and excise duty on petrol (+ GST of course...a tax on a tax), rates (another tax on a tax) Insurance, power, phone, ACC levies etc etc.
And yes the government IS connected to just about everything. For instance did you know that road user charges (diesel tax) went up last week (+ GST) meaning that everything that goes by truck will now cost more. The price rises start somewhere, and the trickle down effect means the consumer has not choice but to pay.
mortgage payments, rent payments and savings dont attract GST. if people put more money into savings/mortgage payments, and less into buying the latest TV/iPhone/car then there can be a definate up-side to the changes.
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