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


Workers keep paying for Labour’s mismanagement

11 March 2005

John Key MP - National Party Finance Spokesman

Workers keep paying for Labour’s mismanagement

National Party Finance spokesman John Key says workers and homeowners can blame Michael Cullen and the ‘tax and spend’ Labour Government for the rising costs of borrowing and the stagnation of Kiwi incomes.

“The numbers out today show the Labour Government has had an 8.5% pay rise this year, yet it steadfastly refuses to budge on any suggestion of tax relief for the rest of us.”

Mr Key is commenting on Treasury figures showing the tax take in the seven months to January 31st was $2.1 billion higher than the same period last year.

“Instead of providing tax incentives, instead of stimulating growth and productivity, instead of improving the capacity of the economy and helping to boost take home pay packets, Dr Cullen continues to employ Labour’s model of ‘redistribution’ at the expense of those who work.

“I agree with union members who have suggested that yesterday’s interest rate announcement will have neutralised any wage gains for many working homeowners paying off a mortgage.

“Even if they were successful in winning pay rises, a good number of those union members will be left out of pocket after paying higher mortgage costs and after Labour has extracted its pound of flesh in taxes and levies. “Little wonder there is again a rising tide of Kiwis heading to Australia for good, putting more pressure on employers hunting for skilled staff.

“With predictions of a ‘hard landing’ next year, Dr Cullen and Labour can no longer afford to coast on the coat tails of a buoyant economy,” says Mr Key.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>


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>>


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>>


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>>


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>>


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>>


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>>




Featured InfoPages

Opening the Election