COMMENT: Very interesting political developments to report: If you have missed it, we have a new Finance Minister. Sir Michael Cullen returns to the role he had under the Clark government, given the current minister, Grant Robertson, has decided to contract it out.
It is widely accepted by political watchers Labour was not prepared for government based on the fact they weren't expecting to actually win. Thus we got the 100+ working groups on everything from tax, to mental health, to what sort of sandwiches we should eat.
The tax group was specifically set up to find a saleable form of a capital gains tax, they couldn't do it. When they told labour they couldn't do it, they were told to go work harder. They get there in the end, presented the report, and that was supposed to be that.
Except it wasn't given Labour, who not only didn't have a proper tax policy, also had trouble with New Zealand First over getting it across the line.
So they played for time, pretended they hadn't made up their mind, which they had, because Ardern actively campaigned on a CGT being in place by now, but got convinced of the political madness of that by more sensible operators, so shoved it off to Cullen and his working group.