Celebrating 25 Years of Scoop
Homeowners have Clark to thank for high interest
Homeowners have Clark Government to thank for high interest rates
Rodney Hide
Thursday, 27 October 2005
Press
Releases - Economy
ACT leader Rodney Hide said Kiwi
homeowners are having to pay through the nose for the
Clark-led government.
"They're over-taxed, and are paying crippling interests rates. The interest rate hike today is the eighth since the beginning of last year. The Reserve Bank has hiked the Official Cash Rate from 5% in January 2004 to 7% now. That's a 40% increase.
"The reason for the hikes is simple enough - excessive government spending.
"Clark needs to get spending under control, interest rates down and real tax relief for hard working New Zealand" Mr Hide said.
ENDS
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