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


OECD Report Criticises Govt's Economic Direction

OECD Report Criticises Govt's Economic Direction

Thursday 11 Dec 2003 Deborah Coddington Press Releases -- Economy

Finance Minister Dr Michael Cullen's airy dismissal of the latest OECD report on the New Zealand economy, as a `difference of opinion', should not go unchallenged, ACT New Zealand Associate Finance Spokesman Deborah Coddington said today.

"The report pulls its punches, but the general thrust is not favourable to this Labour Government," Miss Coddington said.

"The opening words, where the reforms undertaken by Sir Roger Douglas - and continued by Ruth Richardson - are credited with `underpinning this improved [economic] performance', are at odds with Prime Minister Helen Clark's repeated claims that the economy `marked time' in the 1990s due to `the failed policies of the past'.

"The report then makes recommendations - including tax cuts and the removal of tariffs - needed to lift our living standards. Recommendations Labour is likely to ignore.

"Jim Anderton's interventions are criticised. The Government's three-sector focus - biotechnology, ICT and creative industries - are criticised as `controversial'. This is OECD-speak for foolish.

"In the labour market, the OECD states there is `a clear trend towards greater rigidities and higher costs', and criticises latest plans to change the Employment Relations Act - a blunt message that introducing four weeks' leave `is not consistent with the Government's goal of raising per capita incomes.

"Adding to the litany of criticisms is a condemnation for nationalising Kyoto forestry carbon credits, and a ticking off for Labour's handling of welfare: `It has moved against international trends by relaxing requirements on sole parents to look for work'.

"The OECD's message is clear. If New Zealanders want to take home more money at the end of their working week, then the Government needs to admit its own policies are failing," Miss Coddington said.


For more information visit ACT online at or contact the ACT Parliamentary Office at

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election