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Critics defy Labour's bullyboy tactics

John Key MP National Party Finance Spokesman

02 August 2005

Critics defy Labour's bullyboy tactics

National Party Finance spokesman John Key is pleased that independent analysts have ignored Labour attempts to bully them into silence over the deeply flawed loans scheme bribe.

"Labour's bullyboy tactics haven't worked. When a scheme is this poorly designed, independent analysts have a duty to speak up on behalf of the taxpayer who will fund this election-year irresponsibility."

Mr Key is commenting after the National Bank today voiced its support for Westpac's warnings over the potential cost of the scheme.

"Westpac has been singled out for the most extraordinary attacks by both the Prime Minister and Trevor Mallard. Labour is now trying to shut down debate, after denying Treasury the opportunity to carry out a thorough analysis.

"The taxpayer deserves honesty from Labour on this. It's a hugely expensive bribe that sends all the wrong messages about borrowing to our youth," says Mr Key.


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