The rich get richer and the poor get the picture

Rents shoot up 7% as landlords feel the pinch – 26 Mar 2008 – NZ Herald: New Zealand National news

That is exactly what happens when times get tough. It has little or no effect on the wealthy meanwhile the poor, the ones that Labour most ike to help are getting slammed. With interest rates now the highest in the OECD and likely to go higher, with a Finance Minister who doesn’t know his arse from his elbow the poor are likely to get the picture a hell of a lot more.

Of course with interest rates rising the bills need to get paid and so it is the tenants that pay through increased rents leaving less and less in their pockets.