Ruth Margaret Richardson (born 13 December 1950) is a retired New Zealand politician of the National Party who served as Minister of Finance from 1990 to 1993. Her 1991 budget, which she dubbed the "Mother of all Budgets", formed the catalyst for her party's economic reforms known in the media as "Ruthanasia". Richardson was a lawyer by profession. She was elected as the Member of Parliament (MP) for Selwyn in 1981. Following the National Party victory in the 1990 election, Richardson was appointed as Finance Minister in the fourth National Government. She supported and carried on the free-market reforms initiated by the preceding Labour Government, and extended them in a significant way with the Fiscal Responsibility Act 1994. Richardon's economic restructuring, including privatisation of state assets and cuts to social welfare, contributed to New Zealand emerging from its fiscal problems. However, critics have noted the wide-ranging effects on New Zealand's social fabric including child poverty along with wealth inequality, which were both severely exacerbated. Richardson was dismissed as Finance Minister following the 1993 election; she resigned from Parliament in 1994. She later joined ACT New Zealand.
Early life Richardson was born in southern Taranaki on 13 December 1950. Her family had a long history in the area, and her great-grandfather George Pearce had served as MP for Patea from 1908 to 1919. Her father was active in the National Party's Patea branch. Richardson was brought up as a Roman Catholic, and after finishing primary school, was sent to Sacred Heart College, a Catholic girls' high school in Wanganui. Richardson decided on a career in Parliament at an early age, before she even left high school. Sir Roy Jack, a National Party MP and a friend of her family, advised her to study law, which she did. Richardson gained a law degree from the University of Canterbury. After graduating, she worked for the Department of Justice. In 1975, Richardson married Andrew Wright, a colleague from the Department. Richardson's first attempt to break into politics came when she unsuccessfully challenged Sir Roy Jack for the National Party nomination in the 1975 election. His Waimarino electorate was merged into Rangitikei because of post-census boundary changes. Besides alienating her from her old mentor, she also created considerable irritation in the higher ranks of the party. National had long frowned on challenges to sitting MPs who sought renomination, and was especially hostile when the challenge was made against long-serving MPs such as Jack. George Chapman, who chaired the selection, said, "The tensions were tremendous, but Roy was finally confirmed as the candidate." She was a member of the non-partisan political lobby organisation the Women's Electoral Lobby. In 1978, Richardson contested the National Party's nomination for the Tasman seat. She won the nomination, but in the 1978 election itself, she failed to defeat incumbent Labour MP Bill Rowling (who was leader of his party at the time). In 1980, she was invited to contest the nomination for Selwyn, a National safe seat just outside Christchurch which was held by retiring MP Colin McLachlan. She won the nomination, and in the 1981 election, was elected to Parliament.
Early parliamentary career
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