Parliament

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

 

Kiwibank move into business banking welcomed

2 September 2004

Hon Jim Anderton MP, Progressive Leader

Progressive leader welcomes Kiwibank move into
business banking - where are the critics now?


Progressive leader Jim Anderton is welcoming Kiwibank's decision to launch a business banking pilot scheme to add to its competitive nationwide retail banking network and asks where are the critics now?

"Kiwibank's services are much more popular than anticipated and have proven their value to all New Zealanders. I am sure that their next move to provide services for small business will also be a success and I welcome it.

"All banks have had to respond with better and cheaper retail services since Kiwibank entered the market. This benefits Kiwis no matter which retail bank they use. They all now have to compete for new as well as existing customers.

"Kiwibank critic Rodney Hide, who said in 2002 'The promised banking service that $80 million of taxpayers' money was to buy just isn't materialising', has suddenly gone quiet. Where are the critics now? They should be eating their words in the face of Kiwibank's undeniable success.

"Don Brash, another critic, needs to explain clearly to all New Zealanders why he would sell our only New Zealand-owned, nationwide bank to a big foreign-owned bank if there is ever a National-led government.

"The Opposition leader has to explain why he would throw away another piece of New Zealand sovereignty before lunchtime and leave the banking system in New Zealand almost completely out of New Zealand hands.

"Don Brash needs to get up to speed with the concerns of ordinary New Zealanders. The strength of New Zealand's banking system bolsters our whole financial system. This is why Kiwibank's success is something to celebrate not something to sell off," Jim Anderton said.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election