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

 

PARLIAMENT TODAY:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Foreign Affairs: NZ Begins Presidency Of UN Security Council

Prime Minister John Key has welcomed the start of New Zealand’s month-long Presidency of the United Nations Security Council in New York. More>>

ALSO:

Labour: Cash For Charter Schools, Mould For State Schools

“Recently released financial statements show the Whangarei charter school He Puna Marama received $3.9 million in government funding to the end of last year. Yet their audited accounts show they only spent $1.4 million on education, leaving almost $2.5 million over two years unaccounted for." More>>

ALSO:

Kiwirail Plans Shift From Electric: National Urged Not To Take Backwards Step

The National Government shouldn’t drag New Zealand backwards by replacing its climate friendly electric trains with carbon-polluting diesel trains, the Green Party said today. More>>

ALSO:

Capital Connection:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news