The Economy
Sir,—As a man who has been to most of the Englishspeaking countries over the
last 10 years (three of which I have spent in New Zealand) I consider I am in a more favourable position than most to judge the present economic situation. First of all, notwithstanding the latest credit squeeze, with possibly another to follow, the cost of living in this country—barring luxury goods—is still the cheapest in the world and, next to the United States and probably Australia, wages are at a comparatively high level. The present troubles appear to derive from the simple fact that New Zealand has had it “too good for too long” and the cure may only come about by more straight talk from the likes of Mr Scott and less of the hero-worship for Mr Skinner.—Yours, etc., X.U.K. March 14, 1967.
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Bibliographic details
Press, Volume CVI, Issue 31319, 15 March 1967, Page 12
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140The Economy Press, Volume CVI, Issue 31319, 15 March 1967, Page 12
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