Parliament

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

 

Tough Decisions Needed to Get the Economy Growing


Tough decisions needed to get the economy growing

Labour will focus on growth in its response to the budget, Labour’s Finance spokesperson David Parker told an Auckland business audience this morning.

He says National is not delivering on its own promises of growth because it won’t make tough decisions about four issues: Poor growth; an export sector that earns too little because it’s too narrowly based; not enough savings; and tax incentives that go to the wrong sectors.

“Even if the National Government limps back to surplus by 2014/15 that won’t cure our fundamental problems," David Parker says.

“We also need growth in jobs, growth in the breadth of exports, growth in total exports, growth in GNP per capita. On these measures National has failed."

He says National makes promises on these measures every year but always fails to meet them:

2009: “This Budget will start making the long-term changes that National promised to make and that are needed to lift New Zealand's long-term economic performance"

2010: “In the end, this was a Budget about growth, a Budget about jobs, a Budget about the future of New Zealand."

2011: “The Budget is likely to see very strong growth in real wages for New Zealanders ... very strong job growth; and a much stronger economic outlook for New Zealand:

2012: "The budget this year, “will show we are likely to experience reasonably robust levels of growth in 2013- 14."

David Parker says it’s not Greece’s fault that the economy is growing debt instead of jobs, wages or profitable businesses.

“A large part of the reason we are in our current situation is because of the entrenched orthodoxies we cling on to in tax, savings and monetary policy.

“None of what I’m talking about is about ‘tax and spend’, or ‘cutting the pie differently’, or any of the tired and out of date clichés that are hurled at Labour whenever we talk about change. Labour is committed to a thrifty fiscal track that gets back to surplus in the same year.

“Labour would only pay for any new spending or tax cuts out of existing budget provisions, new revenue, or by re- prioritising.

“But return to surplus on its own is not enough. We simply have to change We can’t keep putting off tough decisions. National is sticking with orthodoxies past their use-by date, while New Zealanders wanting better jobs and higher incomes vote with their feet," David Parker said.

Please find the full speech attached Labour_Pre Budget_Speech.pdf

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care.

Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More

 

Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>

ALSO:


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List.

“Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said.

“As an Aunty, I love reading books to my nieces, so it’s lovely to congratulate Joy Cowley, who is made a member of the Order of New Zealand today....More
Full list


Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>

ALSO:


Medical Cannabis: Bill Introduced to “ease suffering”

Health Minister Dr David Clark says making medicinal cannabis more readily available will help relieve the suffering of people who are dying in pain More>>

ALSO:

Campbell: On The Quest For Zero Net Carbon Emissions
Some would querulously ask, zero net carbon emissions by 2050 – while others would say, why not?
More>>

ALSO:

CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages