Parliament

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

 

Report makes grim reading for Labour


Report makes grim reading for Labour

"Another report out tonight poses further questions about Labour's stewardship of the economy," according to National Party Deputy Finance spokesman John Key.

The just-released IMD World Competitiveness Yearbook shows New Zealand slipping two places from 16th to 18th, while the gap with Australia has widened, with our nearest neighbour climbing from 7th to 4th.

"This is a long way from a ringing endorsement for Michael Cullen's economic management skills.

"We rank dead last at 60th for environmental laws and compliance which hinder the competitiveness of business."

The report notes that 'in some areas we are again legislating against efficiency'.

The survey now ranks New Zealand at 55th place for introducing new legislation which restricts the competitiveness of enterprise. It also suggests that our investment incentives are not attractive to foreign investors (53) and that our real corporate taxes discourage entrepreneurial activity (45).

"There are some positive aspects of the scoreboard, but it calls on New Zealand to encourage foreign investment by reducing corporate tax rates, which is in line with National Party policy," Mr Key says.

New Zealand has slipped behind Taiwan and Malaysia in both the Asia-Pacific region and the worldwide ranking. New Zealand was 4th on the Asia-Pacific scoreboard last year. We now rank 6th out of the 15 regions listed.

The report also backs access to foreign markets through free trade agreements (China, US); highlights the need for more of a commitment to education strategies and retaining skilled workers; and suggests improving business growth prospects by reducing legislative impediments and compliance costs.

"Michael Cullen can not continue to turn a blind eye to these important indicators. His casual dismissal of business as 'pessimists' hides the real truth about our economic performance," says Mr Key.

© 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


Reaction

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>>

ALSO:


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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election