Parliament

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

 

Government Must Resist Railway Blackmail

The Government must not fall for blackmail or closure threats from railway companies, ACT Transport Spokesman MP Penny Webster said today.

"The Government must resist the hysteria being fed by the Green Party," Penny Webster said.

"Tranzrail is a privately owned company that has been run down over a number of years. The company has paid out unrealistic levels of dividends to shareholders instead of focussing on replacing deteriorating assets. The shareholders bought it – they should fix it.

“As is the case with Air New Zealand, any taxpayers’ money pumped into the business would actually only bail out the shareholders - not the business. It’s wholly inappropriate use of taxpayers’ money to give it to shareholders who have influenced businesses to make poor decisions which have put them in trouble.

“Tranzrail shares are at unrealistically high levels at the moment – probably because people think the shareholders will be bailed out. If the share price is allowed to reflect the true value of the company and its assets then the company will become attractive to investors who want to pump money into Tranzrail, enhance services and increase the value of the business.

"The Government must make a clear, unequivocal statement today that it will resist blackmail and ignore the Greens' dogmatic rhetoric about buying back the railways," Penny Webster said.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>

 

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels