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

 


Forcing SOE sales through sells Kiwis short

David
Shearer
Labour Leader

15 October 2012 MEDIA STATEMENT
Forcing SOE sales through sells Kiwis short

The Government’s decision to blindly plough on with the sale of Mighty River Power despite threats of legal action will cost Kiwis millions of dollars, says Labour Leader David Shearer.

“Despite overwhelming opposition and repeated stuff-ups the Government is blundering onwards with its asset sales programme.

“Everyone in New Zealand knows there’s a strong likelihood of legal action, even John Key expects it.

“The risk of legal action will seriously lower the value of Mighty River Power in the eyes of investors. Forcing through the sale with the threat of legal action will ensure Mighty River Power is sold for a lot less than its true worth.

“Investors will demand a lower price for our assets. The decision to sell Mighty River Power is selling New Zealanders down the river.

“Selling state assets at any time is a bad idea and the overwhelming majority of Kiwis agree with me. The Government is forcing the Mighty River sale through just so John Key can save face. John Key’s dignity is going to cost New Zealand millions of dollars in lost revenue and lost capital.

“The Government undertook a sham consultation with Māori solely to shore up their legal position. That’s not good enough.

“John Key must stop this programme now.”


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Water, Pests, Erosion...: Commissioner Releases Mixed Report Card On Environment

The Parliamentary Commissioner for the Environment has released a mixed report card in her assessment of the state of New Zealand’s environment. “We are lucky to live in an exceptionally beautiful country, but we have some big issues to face up to” said Dr Jan Wright. More>>

ALSO:

Education: Private Schools Beneficiaries Of Extra Cash

“Not only did this year’s Budget freeze operational funding for state schools, but 86 per cent of secondary school principals say they don’t get enough funding, and the demand for school donations from parents is rising at 10 times the rate of inflation... Now we’ve got Hekia Parata proposing more cash for private schools." More>>

ALSO:

Shop Hours Bill Second Reading: Government Blocks Easter Trading Petition

The union representing retail workers is warning that the Government is out of touch with working people after passing the second reading of the Shop Trading Hours Amendment Bill, a law handing local authorities the power to permit trading on Easter Sunday. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news