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

 


Xmas Grinch petrol price hike oils the wheels to surplus

David
Shearer
Labour Leader

18 December 2012 MEDIA STATEMENT

Xmas Grinch petrol price hike oils the wheels to surplus

The only way that National can reach surplus in 2014-15 is to hammer Kiwi motorists by jacking up petrol prices, says Labour Leader David Shearer.

“This isn’t the Christmas present that Kiwis expected. They’re finding it hard enough to pay the bills now, let alone having to pay more for petrol to paper over the cracks in National’s books.

“National’s promise on the surplus is too big to break. It has to get there. But it’s forecast to get there with a razor-thin margin of just $66 million by cutting jobs, selling assets and raising prices at the petrol pumps.

“New Zealanders deserve better than a Government that is out of ideas and is just managing our decline.

“Our economy is stagnating with growth predictions downgraded to stay below 3% over the next few years. There are 175,000 people looking for a job. And almost the same number have left for Australia.

“In the next three years, unemployment will continue to remain high. National’s growth will not be high enough to create the jobs needed. And even those who have a job won’t be able to get ahead with wage growth expected to be lower for the next five years than it was this year.

“The disappointing outlook sums up National’s unofficial policy: managing our decline. It blames the global financial crisis for our economic woes. But the truth is we are doing worse than many countries in the developed world.

“In September 2008, our unemployment rate was the eighth best in the OECD. It has now dropped to 15th.

“National is out of ideas and has let New Zealanders down. Instead of getting stuck in, they’re standing on the side-lines.

“We are losing jobs because our exporters are struggling and as a country we’re spending much more than we’re earning. Our current account deficit is the worst in the developed world, bar Greece.

“National is refusing to change outdated economic settings like monetary policy, which currently gives primacy to inflation targets ahead of jobs and the exchange rate.

“National’s only ideas are to cut jobs and services and to sell our assets. It is putting all its hopes on the Canterbury rebuild to create growth.

“Labour will be hands-on with the focus on creating jobs and supporting businesses to get us back in the black.

“We’ve had four years of disappointment and broken promises under John Key along with rosy forecasts followed by depressing downgrades. As these forecasts show, we can’t afford four more,” said David Shearer.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Patience: Drive Safe

Be patient before passing is the AA's message for drivers this Labour weekend.

"People taking crazy risks to get past other vehicles is one of the most dangerous things on the road,” says AA spokesperson Dylan Thomsen.

“The weather is looking good for the long weekend so the roads will be busy. Unfortunately, that also increases the chances of people getting frustrated and trying a risky passing manoeuvre. When they get past, there will probably be more traffic up ahead anyway so it won’t get people there faster.” More>>

 
 

Parliament Today:

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn. More>>

ALSO:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news