Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


PM Press Conference – Royal Visit, Economy, Housing Prices

PM Press Conference – Royal Visit, Economy, Housing Prices - 14 April 2014

Scoop Audio+Video+Photos

By Jamie Neikrie

This week at his weekly press conference in Wellington, Prime Minister John Key discussed the visit of the British Royal family, the state of the economy, and how to deal with rising housing prices.

*******


Video incomplete; please refer to audio below.

At his weekly press conference in Wellington, Prime Minister John Key discussed the visit of the British Royalty and the state of the economy.

On the visit of Prince William, Duchess Kate Middleton, and baby George, Mr Key called it, “the chance of a lifetime to catch a glimpse of the royal couple.”

Mr Key also emphasized the economic benefit of the Royals’ visit, which the Prime Minister said has brought over 120 international reporters to the country.

Tourism New Zealand put together an itinerary for reporters to showcase aspects of New Zealand not evinced in Will and Kate’s tour.

In discussing the economy, Mr Key said that the government is on track to record a “slim surplus for 2014,” with chance to cut into the national debt in the coming years.

Given this economic forecast, the Prime Minister emphasized the need to “remain disciplined” in spending for future budgets, and continue to adhere to the $1 billion new spending allowance set for by the government.

Mr Key faced numerous questions on housing prices in New Zealand after it was suggested that the government should attempt to lower housing prices in Auckland to four times the median income level, down from the current level of seven times.

When asked whether the government would consider stricter regulation on housing purchases by foreigners and non-residents, Mr Key said, “I think we all accept that there’s not great data there,” going on to say that such regulations would have a negligible affect on housing regulations.

Mr Key later acknowledged that acquiring better statistics on the subject would be a valuable exercise.

Other topics of discussion included the Capital Gains Tax, the Inland Revenue Department, and the menu for Mr Key’s dinner with the Royals tonight.

*******

Click a link to play audio (or right-click to download) in either
MP3 format or in OGG format.

*******

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Gordon Campbell: On The Bernie Sanders Aftermath

Even as Bernie Sanders was celebrating his win yesterday in New Hampshire, the road ahead for the Sanderistas seemed as dark as ever. The notion that the Sanders victory has shaken the Democratic Party to its core and is causing furrowed, worried brows etc among the party mandarins is complete nonsense. More>>

ALSO:

Franklin Lamb From The Middle East: Social Control Is Emerging As ISIS (Da’ish) Motive

It is widely recognized that the damage done to our cultural heritage in Syria and to the heritage of those who will follow us, cannot be calculated... Heretofore, three varying but cogent explanations for ISIS’ rabid destruction of our shared cultural heritage have been commonplace. More>>

ALSO:

Gordon Campbell: On The Myopia Of The Business News

Listening to the business news is a bit like eavesdropping on the radio transmissions from space aliens. There is no discernible connection between the concerns of the captains of these space ships – the bank economists and the finance house spokesmen – and the concerns of ordinary listeners back on Planet Earth. More>>

ALSO:

Gordon Campbell: On Clinton, Sanders, Trump And Cruz

Come November, the world will have a new US president-elect and the least unlikely winner still looks to be Hillary Clinton. Right now though, the polls are showing a rocky stretch ahead for her in the immediate future. More>>

ALSO:

Binoy Kampmark: Sean Penn And El Chapo - Vanity, Hollywood And Reportage

Leaving aside Sean Penn’s personal history with drug use, let alone alleged efforts to get a slice of celebrity in portraying a drug lord, the furore surrounding his interview with El Chapo is instructive in a few respects. One is worth noting: the blind rage it has provoked with some US political figures and advocates who show how utterly lacking in understanding they are of their own liberal market system... More>>

ALSO:

Gordon Campbell: On Podemos, And Spain’s Election Stalemate

By hard grassroots effort, it convincingly rejected the fragmented, individualising forces that had shaped political life for the past few decades – instead, it organized its supporters on the basis of their common, communal experience via collective decision-making aimed at rolling back (a) the austerity-driven cutbacks in public services and (b) the home evictions of those unable to meet their mortgage payments. More>>

Binoy Kampmark: Merkel, Refugees And The Cologne Attacks

Huge pressure was already on Angela Merkel’s shoulders prior to the New Year celebrations. When it came in its waves of chaos on the eve, the security services in Cologne were found wanting. The police document from Cologne, leaked to Der Spiegel, speaks of chaos and lack of control. More>>

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news