Parliament

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

 

Michael Cullen accepts failure NZ deserves better

Michael Cullen accepts failure - NZ deserves better

"Michael Cullen might be prepared to accept his own failures in managing the economy but working New Zealanders shouldn't have to," says National Party Deputy Finance spokesman John Key.

He's referring to Dr Cullen's interpretation of a dramatic fall in business confidence. "The fact that Dr Cullen has been signalling slower growth for 'some while' does not make it any easier to accept," says Mr Key.

"This Labour Government was quick to claim credit when the outlook was brighter, it must now accept some responsibility when the tide begins to turn.

"Dr Cullen has been reduced to a commentator who suggests the slow-down will be 'mitigated by a supportive policy environment'.

"What's supportive about a country where the RMA kills investment, where roading infrastructure is allowed to grind to a halt so coalition arrangements with the Greens can be kept, and where aquaculture is on permanent hold because we can't sort out who owns the foreshore and seabed?

"What's supportive about an environment where New Zealanders are told to expect higher power prices, where labour law changes and changes to the Holidays Act will slow employment growth, and where taxes have gone up over $1 billion a year?

"On the currency, Michael Cullen himself admitted intervention would at best knock a tiny amount off the top and bottom of the New Zealand dollar.

"If this is the best he can offer, it's little wonder confidence has slumped. What's more worrying - is that the worst has yet to come," says Mr Key.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>

 

BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>

ALSO:

Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>

ALSO:

Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>

ALSO:

State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>

ALSO:

Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages