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

 


4% Growth Should Not Be Trifled With - Employers

4% Growth With Existing Policies Should Not Be Trifled With Or Jobs Will Be Lost

“4% economic growth predicted by the Reserve Bank is good news for jobs,” New Zealand Employers’ Federation Senior Policy Analyst, John Pask said today. “ However New Zealand needs to be careful not to change the successful policies that have helped bring about this growth.”

Mr Pask was commenting on the release of the Reserve Bank's November 1999 Monetary Policy Statement.

“This growth rate shows that New Zealand has bounced back from the drought and the Asian crisis

“While the rise in the Official Cash Rate from 4.5 percent to 5.0 percent was largely anticipated by financial markets, it is important to reflect on the fact that continued improvements in economic and employment growth into the next millennium are dependent on both Government retaining the essential policy planks of a successful economy and that businesses – the wealth creators – have the confidence to invest and employ.

“Moves back to a fortress economy, raising tax rates, rolling back the Employment Contracts Act (ECA) and renationalising ACC, as advocated by some opposition parties, would not facilitate further growth. Instead it would stop it in its tracks.

“And if the Alliance get their $6 billion spending and massive increases in taxes, we will see a budget blowout and even more job losses.

“Unemployment has recently fallen to 6.8% and is forecast to go lower. New Zealanders should not take the gains of the last 3 years for granted. Changing policies could change prospects pretty quickly,” Mr. Pask concluded.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news