Simon Bridges: Auckland Chamber of Commerce CEO blames IRD methods for uptick in business closures

Inland Revenue is being asked not to seesaw on its stance, with rising liquidations across the country. Centrix's July figures reveal business liquidations are up 19 percent overall year-on-year. They sparked spiked sharply in Auckland in the second quarter, up 33 percent annually. Auckland Chamber of Commerce CEO Simon Bridges says he thinks IR's hard-line approach is behind a majority of closures. "I think it's probably a movement from Covid settings, where, like the RBNZ, they realised they overdid it one way and they came back in hard on the other way." LISTEN ABOVESee omnystudio.com/listener for privacy information.