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

 


Costs start to bite as economy under pressure


Costs start to bite as economy under pressure

National's Finance spokesman, Don Brash, is predicting a tougher time ahead for the country's economy as the tide starts to turn in the rural sector.

"Sector leaders are predicting a sharp downturn in the rural economy as dairy farmers reel from Fonterra's payout news which will see incomes cut this year by an average $127,000, and the drought begins to bite.

"The whole business sector has been willing to accept the increased costs this Government has lumbered on them in recent years because times have been good. New Zealand has enjoyed the benefits of high commodity prices, low interest rates and, until recently, a weak exchange rate.

"But this is fast changing and farmers are the first to see through the Government's rhetoric. They know Labour will do nothing to help the rural sector as lower commodity prices and the exchange rate put farmers under pressure.

"There will be tough times ahead because a depressed agriculture sector will severely dampen the New Zealand economy, starting with the provincial centres.

"The Government is about to face its first major economic test and I have no doubt it will fail," says Dr Brash.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news