Below are some of our articles on the Key-English government. While English has a somewhat different ‘style’ from Key – he’s rather more dour – his and Key’s economic views were very much on the same page: a middle-of-the-road, easy-as-she-goes approach. Borrow and spend, slightly reduce income tax and slightly raise indirect tax (GST), slightly increase welfare benefits and keep the retirement age at 65. Sell some shares in the state’s own capitalist enterprises but keep a majority shareholding in these businesses in the hands of the state. In other words, on economic policy overall, they were probably a little to the left of Helen Clark.
One difference between the Key period and this year is that English now has a considerable budget surplus to play around – and, of course, 2017 is election year.
The analyses on Redline of the Key-English regime have held up particularly well – especially compared to the near-hysterical attempts of so many on the left to paint Key as some ardent neo-liberal who would take up where Roger Douglas and Ruth Richardson left off!!!