Labour's fiscal plan sparks fight over $8.5b pay equity hole
Labour released its full fiscal plan thirty-three days out from the election, promising a four-dollar-an-hour pay rise for sixty-five thousand care and support workers while costing only one pay equity claim. National has labelled the plan a 'fraud' with an eight-point-five billion dollar hole. This episode breaks down what Labour's numbers actually commit to and whether the unfunded pay equity pledge is a genuine gap or a negotiating reality.
Listen in the Fylom app.
Labour pledges a four-dollar hourly raise for sixty-five thousand care workers starting January twenty twenty-seven.
Full-time care workers would earn an extra eight thousand three hundred twenty dollars annually before tax.
Labour plans to restore previous pay equity laws within one hundred days of taking office.
National alleges an eighteen billion dollar fiscal hole exists in Labour's current budget projections.
Treasury estimates that settling all thirty-two active pay equity claims could cost eleven billion dollars.
Labour intends to fund future settlements using a ten point five billion dollar operating allowance pool.
- 01Intro1 min
- 02The Four-Dollar Promise3 min
- 03The Fiscal Framework3 min
- 04The Eight-Point-Five Billion Dollar Dispute2 min
- 05The Reality Check2 min
- 06Outro1 min
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