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


Business confidence figures due to atmospherics

Business confidence figures due to atmospherics

“The fall in general business confidence recorded by the latest National Bank Business Outlook is at odds with the upbeat tone of most economic forecasts, including those to be presented later today in the December Economic and Fiscal Update,” Finance Minister Michael Cullen said.

“The continuing uncertainty in the geopolitical environment may be weighing on people’s spirits and exporters may be reacting to the strengthening New Zealand dollar but mostly the drop in the headline rate seems to reflect atmospherics.

“Although down on the previous month, the own activity index is still in positive territory and employment and investment intentions have increased. Profit expectations, while down sharply in the agricultural sector and slightly in the retail sector, have remained reasonably stable across other sectors.

“The bank, in its commentary on the results, suggests that the business community may be using the survey to send a message to the government regarding some pieces of legislation.

“The ACC reforms and the Employment Relations Act provoked a similar reaction in 2000 but have worked effectively in practice and have not justified the scare stories raised about them.

“I am confident the same will occur this time. The government has a responsibility to future generations as well as the current population, to workers as well as to employers and to the environment as well as to the economy and our legislative programme reflects that.

“Not everything we do will appeal to business. But we have done much to promote growth, to assist business and regional development and to encourage innovation and we will continue to put resources behind those policies through subsequent budgets,” Dr Cullen said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news