$100 m to aid credit crunch jobless

The Herald speculates that John Key will use some of the $100 million in fees from the bank deposit guarantee scheme as an assistance package to those who lose their jobs during the recession:

Leader John Key hinted at the weekend he would this week unveil a scheme offering support payments and loans to people who lose their jobs during the turmoil.

The payments would be part of a wider move by National to help people get back into the workforce.

Any payment or support would be targeted and carry a time limit.

It would also probably be aimed at middle-income earners who have commitments such as mortgages but no savings to carry them through a period without work.

Smart thinking, if correct.