2 Jun 2020

Move to Level 1 'needed now'

From Nine To Noon, 9:08 am on 2 June 2020
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A business restructuring and insolvency specialist is joining calls for the country to be moved to alert level 1 immediately to avoid further business failures and job losses.

The Prime Minister Jacinda Ardern says Cabinet's discussion of moving levels will be brought forward to next Monday and if the decision is made Level 1 could come into force on June 10th.

Grant Graham is a partner with advisory and investment firm KordaMentha and specialist in restructuring.

He says businesses are under immense pressure, and with only one active case in the whole country, the cost of staying in Level 2, even for another ten days, is extreme and unjustifiable.