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


Do Nothing, Go Nowhere Budget

Do Nothing, Go Nowhere Budget

ACT Finance Spokesman Rodney Hide said today that Michael Cullen's Budget failed by the Government's own goals.

"Prime Minister Helen Clark set the goal to put New Zealand into the top half of the OECD within ten years. Michael Cullen set the goal of achieving four percent growth by 2006.

"The Budget's outlook for growth over the next ten years is a pitiful 2.5 percent.

"That compares to an average annual growth rate of 3.6 percent over the past ten years. A period during which Prime Minister Helen Clark declared that the economy simply "marked time".

"We achieved a growth-rate over the past ten years nearly half as much again as what Treasury thinks this Government can achieve over the next ten years. So much for the "Knowledge Wave", the "Jobs Machine" and "Smart Growth".

"The Cullen Budget does nothing for working New Zealanders. Cullen's Budget means they have to work harder and harder for less and less.

"The Budget does nothing for business. The Clark Government has hammered business with compliance costs.

"Dr Cullen should have dropped the company and top-rate of tax to 25 cents.

"He should have blasted the red-tape that is destroying business in New Zealand.

"Dr Cullen has delivered a do-nothing, go-nowhere Budget," Mr Hide said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news