Richard Digard

The real significance of S&P Global’s latest report has nothing, despite Policy & Resources’ best endeavours, to do with GST. Instead, it’s a stark reminder of long-term government economic mismanagement and future declining real incomes for islanders.

Shock that household incomes have fallen in real terms by 12% over the last five years is only half the story. Look back over the last decade and declining living standards are now structural – and it’s islanders who are paying the price.