Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Desire For Economic Transformation Welcome

Desire For Economic Transformation Welcome

The Prime Minister's scene setting speech today is very welcome for the emphasis placed at long last on working to achieve economic transformation and growth, the Employers & Manufacturers Association (Northern) says.

"At last Government is getting its priorities in the right order," said Alasdair Thompson, EMA's chief executive.

"Business welcomes the Prime Minister's desire for economic growth and innovation to achieve greater added value through which to deliver increased investment in social equity.

"The PM's speech though short on specifics and long on buzz phrases nevertheless addressed seven of our 20 key growth issues, including:

* Increased investment in roads and other transport,

* Increased investment in information and communications technology

* Boosting investment in trade and exports

* Improving the links between research and commercialization of ideas

* Developing an innovation friendly regulatory environment for innovation

* Education and skills development, at all levels

* Target migrants with the skills New Zealand needs

* Developing business best practice demonstration projects.

"Missing from the list and fundamentally important for growth were such factors as:

* lowering company taxes

* reducing Government spending as a percentage of GDP

* cutting business compliance costs

* improving the efficiency and effectiveness of local government

* the need to maintain the flexibility of individual enterprises

"Elsewhere, Government's willingness to add to business costs through such as the Health and Safety Amendment Bill, HSNO, higher taxes and additional holidays pay is counterproductive to its newly discovered enthusiasm and focus on innovation and growth.

"We also want to match the small print on the PM's reassuring words on ratifying the Kyoto Protocol with Government actions later this year - the business uncertainty Government created over Kyoto is also decidedly counterproductive."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>