Parliament

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

 

Economic Woes Caused By Our Complacent Government

Rt Hon Winston Peters
New Zealand First Leader
20 December 2012

Economic Woes Caused By Our Complacent Government

New Zealand First says there are little grounds for pre-Christmas cheer in the latest growth figures which shows the New Zealand economy has well and truly run out of steam.

Data released today by Statistics New Zealand shows the economy grew by an anaemic 0.2 per cent for the September quarter. That’s 0.5 per cent for the half year, or annualised, an economic disaster.

Rt Hon Winston Peters says the abysmal growth figure was matched by other bleak economic indicators.

“Unemployment is already at 7.3 per cent and is forecast to remain high, the current account deficit has blown out, and the Government’s much-touted budget surplus by 2014/15 is wafer thin.

“Given this picture of on-going economic weakness, the Government’s complacency is inexcusable.”

Mr Peters says action must be taken now to remedy the ailing economy which is becoming over-reliant on the Christchurch rebuild.

“The Reserve Bank Act must be amended to address the grossly overvalued exchange rate to help our exporters and generate jobs.
“There must be additional support given to the manufacturing and service sectors, including giving New Zealand firms given preference for government contracts.

“We are also calling for a proactive approach to employment, including tighter immigration controls, to ensure New Zealand jobs go to the New Zealand workforce,” says Mr Peters.
ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Bojo Visit

British Foreign Minister Boris Johnson is in town today, just over a year since his political career peaked… and then wobbled off into a grey zone of indecision...

Currently, Johnson is touring the former colonies, talking up the historical ties. More>>

 

PM's Press Conference: Boris, Infrastructure, Immigration, Drugs

Prime Minister Bill English opened this week's post-cabinet press conference by revisiting that day's announcement of 'Crown Infrastructure Partners'... More>>

Employers Pleased: Reports Of Govt Backdown On Low-Wage Immigration

MEA: We are pleased to hear that the Government is planning to review incoming immigration changes with a specific focus on how they will affect the regions. Effectively addressing skills shortages in manufacturing and other sectors needs to remain a core part of our immigration system ... More>>

ALSO:

Gordon Campbell: On The Ch-Ch-Changes At IRD

Job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation... More>>

ALSO:

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election