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Prime Minister Chris Hipkins has axed a series of policies in today's Cabinet meeting.
The biofuels mandate and TVNZ-RNZ merger are no more and the proposed income insurance scheme will be placed on hold.
Chris Hipkins said it isn't the right time to put extra financial strain on Kiwis and the policy will be revisited when the economy improves.
NZ Herald Wellington business editor Jenee Tibshraeny says it's unlikely that the scheme will be revisited if Labour wins the next election.
Jenee Tibshraeny says that people of all political leanings disliked this policies, as no-one wants to pay more taxes.
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