Parliament

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

 

Time For U-Turn

This afternoon the New Zealand dollar fell to its lowest level in history of 39.99 US cents, said ACT Leader, Hon Richard Prebble.

“The level of the Kiwi is near crisis level.

“New Zealand is paying a very high price for anti-business laws like the Employment Relations Act. Inflation is about to break 3%, 17,995 New Zealanders have been unemployed for a year or more, record numbers of New Zealanders are leaving for good, Reserve Bank Governor, Dr Don Brash, has warned of stagflation and a further contraction of the economy, and the price of a Big Mac combo has risen.

“Michael Cullen can not continue to blame the flow on effects of a German business confidence survey for our dollars perilous state.

“ACT has been told by the financial market that foreign investors are not investing in New Zealand. This is compounded by the fact that thousands of New Zealanders continue to take their money off shore.

“Statements like ‘we won, you lost, eat it’, from the Finance Minister do enormous damage to the economy. It’s time for the coalition to accept that it’s policies are not working.

“It is time to do a U-turn to get the country back on track,” said Hon Richard Prebble.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Davos World Economic Forum: Ardern Upbeat Despite Absences

The prime minister will soon wrap up her first day at the World Economic Forum in Davos, which is notable for who is there as much as who isn't.

Domestic political crises have kept a number of world leaders at home including US President Donald Trump, British Prime Minister Theresa May and French President Emmanuel Macron. 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