Key isn't ruling out further tax cuts

Prime Minister John Key has indicated in the frenzy over the recent 2010 Budget that he isn't ruling out further tax cuts. Mr Key told reporters this afternoon that he was happy with the new tax structures.

He's not ruling out further tax cuts in the future, however. "I am not going to rule out that there might be other changes in the future. There always can be."

Mr Key also stated that his government hadn't actually changed the level of tax, just the overall mix. "It's about broadening the base", he said.