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Congratulations to the new coalition Government, which was sworn in today by Governor General Dame Cindy Kiro.

And as our new Prime Minister says- they're ready to get stuck in.

But things are already getting better. Some say it's just because of the vibe. But don't discount plain good luck and timing.

The so-called hermit kingdom is over. As we heard a week ago, nearly a quarter of a million people chose to emigrate to New Zealand in the past year.

Today we learn tourism is up- and spending in the year to September hit $30 billion dollars.

That's up $6.6 billion on the previous year - and pretty much back to pre-Covid levels.

This while the international spend is still recovering.

As Nicola Willis finally gets her warrant to fool with the economy, the economy appears to be turning a corner.

In today's paper is a report that economists believe the Reserve Bank will not be raising interest rates anytime soon. It also reports that markets are predicting a rate cut as early as May and as many as 3 cuts through 2024. Which is great news for first-home buyers.

With all this good news, there's still one thing that bugs me about this Government and that's the disconnect that you feel when a tax cut has to be funded by a tax rise.

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You'll remember that was the problem I had during the election where the tax cut for the squeezed middle was funded by a wealth tax on rich foreigners buying houses. For a Government averse to taxes, it seemed off brand.

The new version came up after the Government's surprise axing of the smokefree programme, and I say surprise because no one can find mention of it in any pre-election manifesto but axed it has been on New Zealand First and ACT's insistence.

Yesterday on ¾ÅÒ»ÐÇ¿ÕÎÞÏÞhub Nation, Nicola Willis said extra revenue from more widespread cigarette sales would help fund tax cuts in lieu of the now-scrapped foreign buyers tax.

This was a loose thing to say prompting accusations that long-term public health had been sacrificed for a short-term cash-grab.

Which is a bad way to start a term.

It's not rocket science. If you cut a tax you cut expenditure. You don't tax a fall guy to make it work. That's inequitable.

Jack Tame asked Nicola Willis if she accepted more people would die because of cancelling the #Smokefree policy.

Willis says- "I have not seen advice or analysis of that so I am not prepared to answer that question".

FFS, this is what we can expect in the next three years.

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