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


Key should put away the politics

11 November 2005

Key should put away the politics

Finance Minister Michael Cullen today expressed his disappointment that John Key had become just another National Party hack reacting to every event with hysterically silly accusations.

“Unfortunately, after a promising start, Mr Key has taken on National’s usual low standards and become the Tony Ryall of the finance portfolio – no silliness is beneath him, no claims too absurd to make.

“All that I have done is to ask for a report from Treasury and the Reserve Bank on possible instruments the Bank could use to underpin the effectiveness of the interest rate mechanism to slow down or stimulate the economy in order to keep inflation within the target band – no more, no less.

“An intelligent finance spokesperson who was ready for the real job would be interested in such analysis because clearly there are issues of concern about the effectiveness of the interest rate mechanism.

“Instead we are subject to a barrage of adolescent scaremongering posing as fact. Mr Key needs to remind himself that only one current New Zealand politician of note has consistently supported a capital gains tax on housing and consistently argued that New Zealanders are too intent on owning their own home. That man is Don Brash.

“If I were being as silly as Mr Key, I would be suggesting that this was just another attempt to undermine Dr Brash. In fact, of course, Mr Key has no advice from him and has had no conversation with the Reserve Bank around the issues,” Dr Cullen said.

“Labour took a more fiscally responsible policy manifesto into the election than any other party and can be relied upon in government to continue to run a prudent fiscal strategy supported by a lighthanded regulatory regime and policies to encourage growth.

“One of the key elements of Labour’s policy platform was the KiwiSaver scheme designed to help New Zealanders into their own home,” he said


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

HiveMind: Fair Enough? How Should New Zealanders Be Taxed? - Have Your Say

Scoop and PEP invite you to share your issues, ideas and perspectives on the NZ tax system with other New Zealanders using Scoop’s HiveMind tool. This Tax HiveMind is intended to complement and feed into the review being run by the Government-appointed Tax Working Group (TWG), which is looking at the fairness, balance and structure of the tax system with a 10-year time horizon.

We at Scoop and PEP believe that an issue as important as the fairness of the tax regime should be open for discussion, debate and dialogue. Unfortunately, a written submission process just doesn’t encourage the kind of public exchange we think is necessary in a well-functioning democracy. More>>


Gordon Campbell: On The GCSB’s Security Hang-Up With Russia

So our GCSB has chimed in, alongside its British, Australian and US allies, with warnings about a “fresh wave” of Russian cyber attacks, although the warning has been curiously framed. More>>


PM's Europe Trip: CHOGM & Bilateral Meetings

Prime Minister Jacinda Ardern is in urope for the Commonwealth Heads of Government Meeting (CHOGM) in London and meetings with counterparts in Paris and Berlin. More>>


Road Safety Summit: Actions To Improve Identified

The Local Government Road Safety Summit held last week identified actions that will lead to lasting changes to road safety in New Zealand, says Associate Transport Minister Julie Anne Genter. More>>


Hit And Run: AG Gives Approval For Inquiry

Attorney-General David Parker has today announced a Government Inquiry will be held into Operation Burnham and related events. The operation undertaken in Tirgiran Valley, Afghanistan, ... More>>


Addressing Climate Change: No New Offshore Exploration Permits

The Coalition Government is taking an important step to address climate change and create a clean, green and sustainable future for New Zealand, Prime Minister Jacinda Ardern announced today. More>>


Early Childhood Sector: Complaints Data Released

A new report released today by the Ministry of Education provides greater transparency and additional information to parents, says Deputy Secretary Sector Enablement and Support Katrina Casey. More>>





Featured InfoPages