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


Anderton congratulates Nats on Kiwibank U-Turn

Anderton congratulates Nats on their 1st step on Kiwibank

Progressive leader Jim Anderton is welcoming the National Party for its u-turn on Kiwibank today, describing it as a "first, positive step".

"National appears to be on its way to fully acknowledging that Kiwibank is here to stay.

"National ridiculed the very idea of Kiwibank when I campaigned in the 1999 election to establish a New Zealand-owned, nation-wide bank.

"Today, National is showing that it is changing its mind, and there is no shame in that. The Opposition has clearly done its research.

"What it has found is that Kiwibank's existence is delivering lower banking fees across the entire banking system.

"Before Kiwibank came along, the foreign-owned banks were closing down their branches in provincial and suburban New Zealand.

"Now that Kiwibank is here, branches instead of closing are re-opening and that is to be celebrated," the Progressive leader said.

Jim Anderton today called on others that bitterly opposed Kiwibank when it was proposed, like Rod Donald from the Greens and the ACT Party, to also re-examine the evidence and follow National's honourable u-turn.

National finance spokesman John Key told a business breakfast audience at the Ellerslie Rotary Club today that if National leads a government in the future it would keep Jim Anderton's brainchild, Kiwibank in government-ownership at least in its first full term in office.

"Kiwibank is a truly peoples' bank, a New Zealand-owned bank that will have over half a million customers or more within three to four years.

"National is on its way to fully acknowledging that Kiwibank is here to stay because it is now part of the social framework of provincial and suburban New Zealand," Jim Anderton said.

© 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>>


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>>


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>>


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>>


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>>





Featured InfoPages