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


Helen Clark's SOE Mystery Solved

Helen Clark is obviously embarrassed that we've outed her plan to rustle up cash to pay for Labour's promises, National MP Murray McCully said today.

"This morning she told Paul Holmes on Newstalk ZB that the plan to take money out of SOEs to pay for the Government's other plans was a 'mystery' to her that had 'come out of thin air.'

"She said she had had Treasury officials working all weekend to track it down.

"Well, we can solve the mystery for you, Helen. It's all there in black and white in papers prepared by Treasury for the Minister of Finance and the Minister of SOEs in the run-up to this year's Budget," Mr McCully said.

National obtained the papers under the Official Information Act.

"In a paper dated 23 February officials suggest a 'demanding dividend policy' which could 'release capital for other priority investments to achieve the Government's wider policy objectives.'

"And a paper on 5 April says 'Ministers have decided that withdrawals of capital from SOEs can be used to meet fiscal or social capital investment priorities.'

"Helen Clark says she sat on a number of Budget committees so it's inconceivable that she would have been out of the loop on this one.

"I'm happy to give her my papers, but I've written to her encouraging her to seek a full set without all the deletions.

"She'll see the only mystery is Helen Clark's gall in thinking she could get away with such a swiftie," Mr McCully said.


Attached: Treasury papers Newstalk ZB transcript McCully letter to Prime Minister

Inquiries: Murray McCully 021 465 085

John Goulter 04 4719 719 025 232 4303

----------------------------------------------------------- A printable formatted copy of this press release will be available on along with an archive of previous releases.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Joseph Cederwall: Building a Community Newsroom

The “Scoop 3.0” Transition Plan
There is good reason to believe that a new path and a better future is possible for Scoop in 2019 as a pioneering independent Media company. A combination of new technology, ideas, institutions and business models and a renewed energy and commitment by the Scoop team, means Scoop aims to be at the forefront of the development of this renaissance that we term ‘News 3.0’.

By opening up Scoop’s structure to community ownership and exploring decentralised technology through the blockchain we can ensure the public has a stake in this enterprise and a say in its development. More>>


Gordon Campbell: On Jami-Lee Ross (And The New Hobbit Law)

Clearly, Jami-Lee Ross is not waging a normal form of political warfare, with agreed rules of combat and rational cost/benefit calculations.

This is politics-as-terrorism where everything is being sacrificed by the man in the bomb vest in order to remove Simon Bridges as the leader of the National Party. More>>

Text Messages Released: National On $100,000 Donation(s)
The Botany Electorate of the National Party received 8 donations, and Mr Ross declared 8 donations to us. More>>


Film Industry Working Group:

Three Killed: DOC Supporting Family, Colleagues After Helicopter Crash

The Department of Conservation (DOC) is rallying around family and colleagues of the staff who died in a helicopter crash this morning in Wanaka... The helicopter, with two DOC staff on board, was on its way to undertake tahr control in the Haast area when it crashed. More>>


Political Donations: Greens Call For Tighter Anonymity Rules And Public Funding

“It is clear that those vested interests have a tangible influence on the decision making of political parties. This is a threat to democracy and should change.” More>>


Education Amendment Bill Passes: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>


Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>


Cull: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>


Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>


Animal Welfare Advisory Committee: Report On Rodeo Practices Released

The independent committee that advises the Minister responsible for Animal Welfare, has today released a report on animal welfare in rodeos, together with advice to the Minister making recommendations to improve the welfare of the animals in rodeos. More>>





InfoPages News Channels