The Day In Parliament for 12 August 2016

Parliament adjourns for the weekend, with Leader of the House Gerry Brownlee signalling what will be on the Government's agenda for the week ahead; Finance Minister Bill English kicks off the final stage of
the Budget debate - which is set down for 3 hours; The Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill - which, in part, aims to address concerns about tax havens - passes
its first reading by 108 votes to 12, with only New Zealand First opposed; Reserve Bank Governor Graeme Wheeler announces a lowering of the Official Cash Rate to 2.0% - a move which is the subject of questions in the committee rooms and chamber.