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


Interest Rate Hike Labour's Fault

Interest Rate Hike Labour's Fault

ACT New Zealand Leader Rodney Hide today blamed the Labour Government's refusal to cut taxes and reduce compliance costs as the main reasons for yet another hike in interest rates.

"The Government's failure to address the supply-side of our economy by cutting taxes, slashing red tape and making it easier to hire and fire staff, has made doing business in New Zealand an expensive exercise," Mr Hide said.

"These three factors make it tough to supply labour, resources and capital - all of which make for an upbeat economy. Instead, what we have is a constrained economy - resulting in higher prices.

"To halt the inflationary pressures brought on by Labour's economic mismanagement, the Reserve Bank has been forced to increase interest rates - it won't be the last.

"ACT offers a more positive solution to addressing rising prices: lower taxes, less red tape and more relaxed labour laws.

"That would grow our economy, improve everyone's standard of living, and ensure a freer and more prosperous New Zealand," Mr Hide said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news