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

 


Labour heads down wrong track for future

John Key MP
National Party Leader

5 May 2008

Labour heads down wrong track for future

National Party Leader John Key says at a time when householders are struggling to pay the weekly bills, Helen Clark’s decision to spend the thick end of a billion dollars to buy back the rail rolling stock does not make any sense.

“Labour is providing a profitable Australian corporate with a big dividend from growth that struggling families and households were due years ago. The light at the end of the tax cut tunnel now looks a lot like it’s a train.

“At a time when skilled Kiwis are leaving in droves, when interest rates, groceries and fuel costs are forcing families further into debt, simply buying back a rail company won’t fix any of that.

“The Labour Government has its priorities wrong. This is the time to be easing the burden on households, not buying the trains off an efficient operator, when there were other ways to maintain services.”

When Toll bought the rolling stock five years ago, its original bid valued Tranzrail at $231 million. Labour is now paying $665 million, and will have to spend hundreds of millions more on rolling stock upgrades which have been planned but delayed due to track access wrangling.

“Labour has paid way over the odds in what is a backward looking investment that will do nothing to improve New Zealand’s productivity.”

Mr Key says National will be stuck with the railways because nobody else will be willing to stump up with the sort of money Labour has just paid.

“Our view would have to be that we would be making the best of a bad situation. The rolling stock would remain state-owned for at least the first term of a National-led Government which is consistent with our SOE policy.

“The reality anyway is that given the very high price, no one would be foolish enough to pay what the taxpayer is about to sink into rail.

“What we really have here is a desperate Labour Government throwing huge amounts of taxpayers’ money around in a desperate attempt to get any sort of bounce in the polls.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Two Dead, One Injured: Suspect Charged After Ashburton Shooting

Russell John Tully has appeared in Christchurch District Court. Tully has been remanded in custody on charges of murder of Peg Noble and Leigh Cleveland and attempted murder of Lindy Curtis.

The victim’s families and the victim have requested that their privacy be respected and will not be making a statement at this time.

Police have formed a picture of what has occurred yesterday and are appealing for further information and sightings .... More

 

Parliament Today:

John Key Press Conference: Ashburton Shootings, Judith Collins Inquiry

Prime Minister John Key has delayed the release of Nationals’ fiscal policy in light of this morning’s shooting at a Work and Income office in Ashburton... Key also answered questions about Judith Collins, and confirmed that independent inquiry will be held with regard to allegations made against Collins. More>>

ALSO:

Internet MANA: Georgina Beyer Rocks The Waka

“There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority of MANA members and supporters around the country” states MANA Candidate for Waiariki, Annette Sykes. More>>

ALSO:

IGIS Update: Inquiry Into Release Of NZSIS Information

The Inquiry would be conducted in private and individuals would appear before her separately over a period of more than a week. She does not intend to name those summoned to give evidence until her report is published. “I can confirm that all persons summoned will be required to appear under oath...” More>>

ALSO:

Gordon Campbell:
On John Key’s ‘Blame It On Judith’ Strategy

Right now, Prime Minister John Key seems intent on limiting the scope of any inquiry into his government’s dealings with Cameron Slater. The declared aim is to make that inquiry solely about Judith Collins’ behavior with respect to the Serious Fraud Office. More>>

ALSO:

Maori Council Lawyers' Statement: Supreme Court Decision On Maori Water Rights

“…the Supreme Court refused to give Pouakani people what they asked for, but may have given them something much, much better instead… the Supreme Court has questioned whether the Crown owns the River at all.” More>>

ALSO:

Gordon Campbell: On The Debate, And The Collins Accusation

Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ. More>>

ALSO:

Gordon Campbell: On Winston Peters' Latest Bout Of Immigrant Bashing

It is only one poll, but rather than cannibalising each other's vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist... Few are questioning how Peters got to this happy place, and what it says about the mood of the electorate. More>>

ALSO:

More Immigration News: First People Trafficking Charges

The first people trafficking charges in New Zealand have been brought by Immigration New Zealand (INZ)... The defendants have been charged under the Crimes Act 1961 for arranging by deception the entry of 18 Indian nationals into New Zealand. More>>

Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news