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It’s Got To Be The Longest Hangover Ever!

It’s Got To Be The Longest Hangover Ever!

The falling New Zealand dollar is yet another sign of the collapse in investor confidence in New Zealand, said ACT Leader Hon Richard Prebble.

The New Zealand dollar has dropped by US 2.2c in the last month. It is now dangerously close to its lowest ever mark of US43.50 cents, reached in March 1985.

“The ACT party urges the coalition to rethink its policies like tax, ACC and the Employment Relations Bill, which, without doubt, are having noticeable adverse effects.

“It is absurd to suggest that the New Zealand economy is in the doldrums because of some sort of millennium hangover as suggested by Finance Minister, Michael Cullen.

“Every country in the world had millennium celebrations, yet in the latest international survey of 22 OECD countries, every country questioned, with the exception of New Zealand and Italy, was experiencing positive business confidence.

“Any fault finding with the New Zealand economy must start with the direction taken by the coalition Government’s policies,” said Hon Richard Prebble.

ENDS

© Scoop Media

 
 
 
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