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


Shipley Tries Commercial Sabotage

Deputy Prime Minister Jim Anderton is accusing National leader Jenny Shipley of trying to commercially sabotage the taxpayer's investment in the kiwi bank.

"Mrs Shipley has obtained the business case for the bank. The only way it could have been obtained by her is that someone has unlawfully passed it on in breach of an obligation of commercial confidence.

"Her comment that she would advise savers not to put their money into a bank that has no government guarantee is outrageous for a senior politician. No bank in New Zealand has a government guarantee. She is effectively telling all New Zealanders not to put their money in banks, particularly in their own. A politician who advises New Zealanders not to put money in banks can't have any credibility."

Jim Anderton says the business case for the proposed kiwi bank shows it will offer fees far below the current market levels.

"Mrs Shipley should be asked, 'does the business case propose an overall fee strategy considerably under the prices charged by its competitors?'

"She is being highly selective in releasing parts of it.

"Today she has leaked a small part of the bank's discussion of its pricing strategy. She has not released the pages showing that the overall fees for using the bank will be far, far lower than fees for existing banks. Mrs Shipley knows that the full picture cannot be released by the Government because it would disclose the bank's full pricing strategy to its competitors months before it was operational.

"Her actions are thoroughly irresponsible," Jim Anderton said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


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 | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


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>>


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>>


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>>


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>>


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>>


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>>


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>>




Featured InfoPages

Opening the Election