Christopher Luxon: Prime Minister ahead of the Commerce Commission's banking sector report, on his address at the Kingitanga coronation celebrations

Published: Aug. 19, 2024, 8:11 p.m.

Christopher Luxon says the Government will be acting on the Commerce Commission's final report on the banking sector.\xa0

The watchdog's final report is due out about 8.30am.\xa0

In its draft report, published in May, it found the sector was lacking competition, and recommended changes to allow Kiwibank to grow bigger and to allow smaller banks to compete better.\xa0

The Prime Minister told Mike Hosking that Finance Minister Nicola Willis has a plan on how to respond to the final report.\xa0

And education was a focus for Luxon\xa0in yesterday's address at the annual coronation celebrations for the K\u012bngitanga. \xa0

In a heated powhiri at Ngaruawahia's Turangawaewae Marae, kaumatua and party leaders addressed Government policies affecting M\u0101ori,\xa0and in the ACT Party's absence, its Treaty Principles Bill loomed large. \xa0

The Prime Minister wants M\u0101ori to excel economically in New Zealand, which starts with education.\xa0 \xa0

He says this should be a country where M\u0101ori are better educated and can access better paying jobs, and can have faster access to medical help when they need it.\xa0

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