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

UK Cabinet Backs Deal: Gordon Campbell On The Latest Roll Of The Brexit Dice

Brexit has left the British public looking like a nation of Wellington bus commuters. In both cases, the unholy mess bears no resemblance to what people were promised or the spin being used to justify it.

In both cases, the only sane response – to go back to the way things were and write the whole thing off as a ghastly mistake – is deemed to be utterly out of the question. More>>

 
 

14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>

ALSO:

Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>

ALSO:

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels