Parliament

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

 

Average Standard Of Living 4% Lower Since Election

It is New Zealanders living in reality who will bear the brunt of the continuing economic downturn, said ACT Leader, Hon Richard Prebble.

The Kiwi dollar has fallen 11.7 per cent since the election of the coalition Government, when combined with the fact that imports contribute 38% of GDP, provides a conservative indication that the average household is at least 4 per cent poorer.

“Only somebody living in a rent free state house, who does not have to pay for petrol like deputy Prime Minister, Jim Anderton, could welcome these developments.

New Zealanders will be worse off as the petrol price increases are felt almost instantly through the economy. As transport costs contribute to over 12 per cent of all purchases nobody will be excluded. As wages and salaries are not adjusted for price changes – those on super or wages will be hardest hit.

“The coalition’s decision to switch the calculation of superannuation from the Consumers Price Index to 67 per cent of the average wage means superannuatints will feel the full force of the lower dollar.

“House mortgages have increased fifty per cent since the election. In real terms the average household is now $100 worse off under the Labour Alliance coalition.

“The noticeable drop in purchasing power will place severe pressure on household budgets.

“The fall in the dollar continues the coalition Governments assault on middle income New Zealand. These are the people whose businesses are hammered by ACC nationalisation, the Employment Relations Act and increased income tax,” said Hon Richard Prebble.


ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Decision Day: Peters Chooses Labour

Winston Peters says he will form a Government in coalition with Labour and the Greens giving confidence and supply.

Peters said he had been offered the position of Deputy Prime Minister and a number of other ministerial posts would go to his colleagues

He said economic and monetary policy changes were needed to face a coming economic downturn.>>>More

Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election