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

 


National’s credibility continues to decline

National’s credibility continues to decline

Under National the economy is continuing to stagnate, with the Government’s deficit (obegal) $169 million higher than forecast, says Labour’s Finance spokesperson David Parker.

“National is seriously mismanaging the economy. Their Government’s deficit is over 6% higher than forecast, undermining their credibility as managers of the economy.

“National is breaking promise after promise. Their promise of 170,000 new jobs is way off target and their promise to reduce the numbers of Kiwis leaving for Australia has long been broken.

“Now John Key is backtracking on his promise to return the Government books to surplus by 2014/15. He says the Government only needs to ‘get within cooee’ of surplus, despite making getting the books back into the black a centrepiece of the election campaign.

“He’s backtracking because the economy is performing so poorly - unemployment is over 7%, manufacturing outside the primary sector is in trouble and New Zealand exports are down. Our external deficit is getting worse as exports drop – an 11 per cent drop in value over the last year.

“The economy’s troubles mean the Government collected $292 million less tax than expected - a sure sign that businesses aren’t growing and working Kiwis aren’t earning. That’s why the country is in deficit and it’s not just the Government deficit. New Zealand’s external deficit this year is the second worst in the developed world, after Greece, and next year is projected to be the worst.

“National has no adequate plan to grow the economy. Its central economic hope – to sell our state assets – was never going to grow jobs or exports. And even that ploy is deep trouble.

“National’s economy is stagnating. We see the evidence every day. Unemployment is at a 13-year high. Businesses are being sold overseas or shut down, jobs are being outsourced or cut, and a thousand Kiwis are leaving for Australia every week.

“Just about the only thing that’s growing in this country is the Christchurch rebuild, on the back of tragedy and insurance inflows that even this Government can’t claim credit for,” says David Parker.
ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PM's Press Conference: Crime And Diplomacy

The Prime Minister's press conference today was dominated by foreign affairs and an open letter from the PM to the Chinese community on crime. More>>

ACC: Govt Caught In Unethical Cluster Bomb Investments

The ACC Fund admitted that it had $1.4 million invested in cluster munitions and nuclear weapons manufacturer Lockheed Martin. Before responding to the Green Party’s request for information,however, ACC sold its Lockheed investment and updated its ethical investment policy. More>>

ALSO:

Local Governments To Decide: Easter Trading Bill Passes

The union representing working people in the retail industry is condemning the Government for whipping its MPs to pass the controversial Shop Trading Hours Amendment Bill. More>>c

ALSO:

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news