Parliament

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

 

Cunliffe Should Go After Telecom Gaffe

John Key Finance Spokesperson

Tuesday, 16 May 2006

Cunliffe Should Go After Telecom Gaffe

Communications Minister David Cunliffe's comments that Telecom may have to cut its dividend to fund more capital investment are totally inappropriate and his head should roll, says National Finance spokesman John Key.

Mr Cunliffe was reported by Bloomberg today as saying that Telecom may have to cut its dividend to fund increased investment. This follows the Government's decision to unbundle the local loop.

"This is a company that, because of the Government's unbundling announcement, has seen its market value fall by more than 2 billion to 8.6 billion.

"This is not a step over the line by the Minister, it's a giant leap over the line.

"It is totally inappropriate for Mr Cunliffe to be making comments about a private sector company's dividend policy. That's not his job.

"This is the slippery slope that we feared - by having such sloppy execution by the Government over unbundling and possible separation of the company it is making Telecom's job more difficult.

"This is not in the best interests of the company - or New Zealand.

"You might have thought the Labour Government had learnt after Helen Clark's comments before it bought into Air New Zealand.

"Mr Cunliffe should resign, or Helen Clark should sack him."

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Principals' Federation:
End Of National Standards

Today the Minister of Education announced that the Government has stopped the controversial National Standards system of assessment and declared them an arbitrary measure which did not raise children's achievement as the previous Government intended.

"This is such a win for all the principals who never believed in national standards and who, for the past decade, have argued for what is morally right for our nation's young people and their learning," said Cormick. More>>

 

Public Good: People’s Report On Public Broadcasting And Media Presented

The People’s Commission on Public Broadcasting and Media, was crowdfunded and was informed by an extensive consultation, seeking the views of both those working in Media as well as gathering input both online and in person from ordinary Citizens. More>>

ALSO:

RBNZ To RNZB: PM's Press Conference

Prime Minister Jacinda Adern was joined by Minister of Finance Grant Robertson and Minister for Children Tracey Martin to announce the appointment of Adrian Orr as the new Governor of the Reserve Bank and the name change of the Ministry for Vulnerable Children to ‘Oranga Tamariki - Ministry for Children’. More>>

ALSO:

'Taming Globalised Capital': Why Is Labour Supporting Investment Rules In WTO?

‘Today, we learned the new government has added New Zealand’s name to a proposal designed to lead to foreign investment rules in the WTO at this week’s ministerial meeting in Argentina,’ said Auckland University Professor Jane Kelsey. More>>

ALSO:

Gordon Campbell: On The Politics Of Scaring Voters Back Into Line

Fear has always been a useful mobilising tool in politics… yet in 2017, bogeymen of all shapes and sizes seem to have fallen on hard times. For years, the National party had painted itself as being the only reliable defensive bastion against the terrifying prospect of a centre-left government… More>>

ALSO:

Gordon Campbell: On Drinking Water As A Failure Of Political Leadership

It is almost possible to feel sorry for the Health Ministry in their terrible, no good, very bad week... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages