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


Confidence hit by Labour's missing growth formula

Don Brash MP National Party Leader

23 November 2005

Confidence hit by Labour's missing growth formula

National Party Leader Don Brash says Labour's starting to feel the public backlash from its total failure to adopt policies which will lift living standards in the long-term.

"The fact that business confidence has slumped to a 17-year low should be ringing alarm bells on the ninth floor. This isn't a blip as Michael Cullen claims. Other polls are reflecting the trend.

"The indicators are beginning to turn on the Labour Party, which has coasted along on the back of a buoyant global economy. Now the roadblocks it has erected to growth are beginning to take their toll," says Dr Brash.

Other indicators, like the slump in immigration over the past year and the rising number of Kiwis moving to Australia, are also very telling, with the potential to have a long-term impact on our skills gap.

"Michael Cullen continues to resist the best advice. Both the Reserve Bank and Treasury have warned Labour about its profligate, unproductive spending, particularly in the state sector, while Treasury has urged a reduction in the tax rates which inhibit growth.

"Yet Labour has ignored the advice, choosing instead to send all the wrong signals to the most productive members of our community.

"Labour's loans scheme encourages students to borrow the maximum and repay the minimum, and its middle income welfare package provides a disincentive for those who try to get ahead through their own efforts.

"The RMA continues to stall important infrastructural projects, and yet again Kiwis are being warned about the possibility of a looming winter energy crisis.

"Given all these factors, Labour can't be surprised about the slump in confidence. Their chickens are coming home to roost," says Dr Brash.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news