Parliament

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

 

National shares Greens' concerns over super fund


Bill English National Finance Spokesman

3 June 2001

National shares Greens' concerns over super fund

National's Finance spokesman Bill English says he admires the Green Party's courage in resisting the temptation to give in to political expediency over the Government's proposed super fund.

"The Greens are to be admired for not allowing themselves to be pushed into agreeing to the fund just because Labour think it's good politics for the next election. That stands in sharp contrast to the Alliance, which agreed to support Dr Cullen's proposal in a trade-off to get funding for their so-called People's Bank," Bill English said today.

"The Greens haven't been expedient. Instead they appear to have been working hard to understand the issues involved with the huge fiscal commitment the super fund would involve. Labour's plan runs for 100 years and it's the biggest single commitment of taxpayers' money any political party will make in the next few decades.

"The Greens have obviously found the weight of evidence to be against the fund and their decision will be a wake-up call to churches, unions and community groups who have so far had nothing to say about the fund.

"National shares a lot of the concerns the Greens have expressed about the fund. This is especially true for Green co-leader Rod Donald's comment that 'the requirement to pre-fund super would be a straight-jacket on all future Government spending decisions (which) would suck dry future budgets (and) could leave other portfolios like health and education even worse off'.

"There has been no public debate over whether this fund, or a faster growing economy is the better guarantee of the security of future pensions.

"National also shares the Greens' concerns that the Government now plans to borrow in order to pay for the fund.

"The Greens have also correctly identified concerns over the process by which the Government has devised and advanced Dr Cullen's proposal. National went into consideration of this proposal open to being persuaded of its merits. However the Government hasn't made any effort to persuade its own supporters, let alone other parties. That is not the way to broker enduring cross-party support for a proposal which can only succeed if it has strong political and public support.

"Our Caucus is yet to make a final decision on Dr Cullen's proposed fund. However the inability of the Government to get its own house in order over this proposal heightens our fears that such a fund might prove impossible to protect against political tinkering over a number of decades," Mr English said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Scoop 3.0: How You Can Help Scoop’s Evolution

Entering into its third decade of operation, the Scoop news ecosystem is set to undergo another phase of transformation and evolution.

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

 
 

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>

ALSO:

Train Free Thursday: Workers Strike To Defend Terms Of Employment

"They signed up to these conditions a year ago when they got the contract for Wellington's rail services. Now they're trying to increase profits by squeezing frontline workers." More>>

ALSO:

Seclusion: Ombudsman Emphasises Importance Of Monitoring

Disability Rights Commissioner Paula Tesoriero says that while there have been changes to the Education (Update) Amendment Act 2017 to prohibit the use of seclusion, the report is an important reminder of the importance of regular monitoring of schools. More>>

ALSO:

United Future History: "All Good Things Must End"

'We’re extremely proud of what we’ve achieved over the past 15 years, working alongside the government of the day, both National and Labour.' Mr Light told members on Monday. More>>

Gordon Campbell: On The TPP Outcome, And The Hobbit Law

Somehow the Trans Pacific Partnership trade deal has come lurching back from the dead – and as predicted in this column last week, the member countries gathered in Vietnam have announced a deal in broad principle, shunted aside until a later date the stuff on which they don’t agree, and declared victory. More>>

Agreeing To Differ: Greens Maintain Opposition To TPPA
“The Green Party has long opposed the TPPA. The new proposed deal, which came out of the weekend’s talks, still contains key ISDS concessions to corporations that put our democracy at risk, so our position remains the same,” said Green Party trade spokesperson Golriz Ghahraman. More>>

ALSO:

Monitoring Report: A New Chapter For Children’s Rights In New Zealand?

The Children’s Commissioner is calling on the country to embrace children’s rights to ensure their overall well-being. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election