TERRY MCCRANN: SAVE OUR BUSINESSES THE NEW ZEALAND WAY
Terry McCrann: "New Zealand has just shown exactly what Scott Morrison... should have done on Sunday... NZ will now pay all businesses and all employers — no matter how small and no matter how big — a cash subsidy for every single one of their workers they keep on staff if they have been hit by the virus and the policy decisions taken to fight it."
New Zealand has just shown exactly what Scott Morrison and Josh Frydenberg should have done on Sunday and what they must now do today — not next Sunday, not even tomorrow, but today.
NZ will now pay all businesses and all employers — no matter how small and no matter how big — a cash subsidy for every single one of their workers they keep on staff if they have been hit by the virus and the policy decisions taken to fight it, and pay it on an unlimited basis for 12 weeks.
The single metric is if a business can show that in any month through this June half its revenue has fallen by at least 30 per cent compared with the same month of 2019.
Show that and you will get $NZ586 ($563) a week for every full-time employee you keep on staff and $NZ350 ($336) for every part-timer.
That’s with no ifs, no buts, no minimums and certainly no maximum business sizes like the ludicrous $50 million — sorry $49.99 million — turnover cap set in Sunday’s ludicrously inadequate exercise.