PremiumAnalysisAnalysis byKate MacNamaraBusiness Journalist·NZ Herald·21 Jul, 2026 05:00 PM5 mins to read‌It's taxpayer money. It's not a loan. It's free money. This is the problem with welfare. Once you start handing it out, everyone wants a piece of the pie.The Government is cutting Fletcher Building a $60 million cheque because its wholly owned subsidiary, Golden Bay Cement, can’t compete with imports; there’s no level playing field. Indeed, New Zealand has purposely devised an uneven one, as ever, with good intentions and unsurprising consequences.