Heatley loses Housing
Tuesday 22 January 2013
Housing Minister Phil Heatley was told only this morning that he will be replaced.
Nick Smith is being welcomed back into the fold to take over the housing portfolio from the Whangarei MP.
Smith resigned in the aftermath of the ACC furore.
Heatley said he was disappointed with Prime Minister John Key’s move but accepted it.
He planned to focus on his electorate.
Commentators said he had failed to shine in the portfolio.
Comments from our readers
No comments yet
Sign In / Register to add your comment
Residential development in Auckland is likely to suffer now that only part of the city’s Unitary Plan will become operative for the foreseeable future.
Restrictions and pressure on residential property investors keeps growing and many investors are looking for possible solutions: commercial property is one such option.
Keeping the OCR on hold was the move expected of the Reserve Bank today, but economists say it means there will be another cut in November.