READ MORE: Business confidence drops, with fewer expecting to hire or investSo it is especially curious that, according to the quarterly survey of business opinion (QSBO), now that Labour is back, confidence among Wellington businesses has tanked. To a large extent it seems that business, which doesn't much like change of any type, really doesn't like change to Labour. "Previous QSBO surveys have shown business confidence tends to fall after Labour takes office, in contrast to a lift in confidence when National takes office, but the effect on actual activity has been muted." RNZ On the streets of central Auckland, there was a mix of optimism and caution regarding business confidence. Longer term, if Labour takes on more debt, ultimately, everyone's interest rates could end up being higher.

Source: Stuff January 16, 2018 03:33 UTC