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


News Worthy: Draw near with faith

News Worthy
9 May 2008 - No. 247

Draw near with faith

So go the words of the Communion.

All is in order for substantial tax cuts in the next budget. It represents a major test for the Government.

The Crown Financial Statements for the nine months to the end of March show the Government continues to run a healthy cash surplus, despite incurring more than $3 billion in paper losses on sharemarket investments of crown institutions such as the New Zealand Superannuation Fund and ACC.

The operating balance was $1.1 billion in surplus, $4 billion below forecast. But when stripped of unrealised gains and losses, this surplus grew to $4.6 billion, $171 million below forecast.

The residual cash once advances were made for funding student loans, DHBs, and the NZ Super Fund was just over $2 billion, $419 million or 25 percent ahead of forecast.

The Treasury says core tax revenue and receipts were largely on track in the year to March.

Labour heads down wrong track for future At a time when householders are struggling to pay the weekly bills, the decision of the Labour-led Government to spend the thick end of a billion dollars to buy back the rail rolling stock does not make any sense.

The Government 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.

The 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 Holdings Ltd bought the rolling stock five years ago, its original bid valued Tranzrail at $231 million. The New Zealand Government 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.

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

Mothers' Day The value of mothers can never be under-estimated. On Sunday I hope we, as a nation, make every effort to celebrate their worth.

Below is a small selection of facts that Statistics New Zealand released on Wednesday in recognition of Mothers' Day:

* In 2007 there were 64,040 live births. The highest number of births ever recorded in New Zealand was 65,390 in 1961.

* The median age of all women giving birth in 2007 was 30 years, compared with 25 years in 1977.

* On Mother's Day in 2007, 144 babies were born to 142 mothers. * There were 32,790 first-time mothers in 2007, representing 52 percent of all live births.

* A total of 1,950 children were multiple births in 2007, compared with 1,051 in 1977. Twins were born to 525 first-time mothers, and another five new mothers had triplets.

Political Quote of the Week

"We must use time wisely and forever realize that the time is always ripe to do right." Nelson Mandela

Dr Richard Worth National Party MP


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Another Leader Exiting: Statement From Peter Dunne

I have concluded, based on recent polling, and other soundings I have been taking over the last few weeks, that, the volatility and uncertainty notwithstanding, there is now a mood amongst Ōhāriu voters for a change of MP, which is unlikely to alter...

“I have therefore decided that it is time for me to stand aside, so the people of Ōhāriu can elect a new electorate MP. More>>


Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>


Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>


Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>


Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>


Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>


Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>


Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>





Featured InfoPages

Opening the Election