Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Spectrum Auction Failure A Financial Disaster

The 2GHz radio spectrum auction attracting bids of just $34 million is a major economic set back for New Zealand, said ACT Leader Hon Richard Prebble.

The auction was conservatively estimated to be worth $650m to New Zealand. Britain raised $NZ72.3b in a similar auction in May, while Australia expects to gain $NZ3.3b.

“The failure of major telecommunications companies to bid indicates a strong reluctance to invest in New Zealand.

“Raising $650 million is becoming an economic fantasy. Unfortunately this is just the tip of the iceberg of the real economic loss to the country.

“The new spectrum is needed for the next level of telecommunications – such as wireless internet connection. If the telecommunications do not make the multi-million dollar investments needed to move to the next level of telecommunications, the gap between New Zealand and Australia will grow.

“What we are seeing is the cost of the regulatory uncertainty created by the Labour/Alliance Government’s policies.

“In telecommunications, the Government has moved New Zealand from having an investment encouraging environment, to one of total uncertainty.

“The recommendations of the Fletcher telecommunications review that promotes Government control has made investing in New Zealand a risky business decision. The Government’s uncertainty in handling Maori spectrum claims has just fuelled this risk.

“New Zealand is now being viewed by the world as another Fiji.

“The Government needs to publicly reject the Fletcher inquiry report, and say it will, if necessary, legislate to reject Waitangi claims to the spectrum.

“This auction is positive proof of the costs to the nation of Labour/Alliance loopy left wing policies,” said Hon Richard Prebble.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

a well

Wellness: Gordon Campbell On Ardern, Davos, And Wellbeing

The word “well-being” has a nice warm ring to it. So much so that the ‘wellbeing budget’ being touted by PM Jacinda Ardern at the rich folks’ club in Davos, Switzerland sounds more like a marketing slogan than an actual policy initiative.

Still, it is just as easy to forget that GDP – the common measure of how well an economy is performing – is also a marketing device. More>>

 

Gordon Campbell: On Why Shipping Is NZ’s New Trade Problem

So Jacinda Ardern and Theresa May have signed a piece of paper promising peace in our time when it comes to our trade with Britain... Brexit is not the only concern. More>>

ALSO:

Reshuffle: National Announces Spokesperson For Drug Reform

National Leader Simon Bridges has appointed Paula Bennett to the new position of Spokesperson for Drug Reform as the Government pushes ahead with its agenda of drug decriminalisation, to signal National’s commitment to holding them to account. More>>

ALSO:

KiwiBailed: KiwiBuild Head Officially Resigns

The head of Kiwibuild, Stephen Barclay has officially resigned from the role. In a statement issued on his behalf, it was announced that he would step down from today [Friday]. More>>

ALSO:

Welfare Stats: Rise In Hardship Numbers Shows Income Inadequacy

The latest Ministry of Social Development quarterly report show that a record number of people have received hardship assistance from work and income, with an additional 40,000 hardship payments made between September and December 2018, compared to the previous quarter of the same year... More>>

ALSO:

Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>

ALSO:

JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>

Earlier:

Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels