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Unsurprising Reaction to GlobalCo Precedent

Unsurprising Reaction to GlobalCo Precedent

Monday 30th Apr 2001 Penny Webster Media Release -- Economy

ACT MP and dairy farmer Penny Webster said today she was not surprised that businesses were upset by the Government’s unwise decision regarding GlobalCo.

“The Government sent out a very dangerous message to the business community when they allowed GlobalCo to bypass Commerce Commission scrutiny,” Penny Webster said.

“The fact that businesses are appalled by the move should come as no surprise to them.

“April’s Evening Post/BRC survey shows that three-quarters of Greater Wellington firms questioned believe the proposal should have been placed before the Commission.

“The Government has sent a clear message to businesses: 'do as I say, not as I do'.

“Today’s survey results show up as a blatant lie the Government claim that letting GlobalCo bypass the watchdog would be ‘in the public interest’.

“This merger concerns more than just dairy farmers. It impacts on businesses and the economy,” Penny Webster said.

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

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