Parliament

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

 

PM Ignores Treasury Advice to Axe Big Film Funding

Rt Hon Winston Peters
New Zealand First Leader
30 January 2013

Prime Minister Ignores Treasury Advice to Axe Big Film Funding

New Zealand First says Prime Minister John Key ignored Treasury advice to cut Government subsidies for big films such as The Hobbit.

Rt Hon Winston Peters says Mr Key was advised just months before the $67 million subsidy for The Hobbit was approved that Treasury wanted to end Government assistance for the film industry.

“The Treasury advised the Government that it should axe the Large Budget Screen Production Grants (LBSPG) because the grants actually lost money for the country.

“Treasury evaluations showed that the economic impact of LBSPG grants for films such as Avatar and King Kong had likely caused a net economic loss of $36 million.

“That is completely at odds with Mr Key’s insistence that The Hobbit created 3000 jobs for New Zealanders”

Mr Peters says Treasury’s advice went further by suggesting the LBSPG would be better used in areas such as tourism and support for private sector research and development.

“The advice was that instead of funding Hollywood bigwigs to make films, the money would be better used in areas where there were clear and significant economic benefits.

“Mr Key will try and spin his way out of this with a load of baloney that The Hobbit will tempt tourists to our shores in the same way as the Lord of the Rings trilogy.

“But all three LOTR’s movies were released during economic boom times while now there is a worldwide economic crisis.

“Couple that with our seriously overvalued dollar which makes New Zealand an expensive place to visit and it means the economic return from The Hobbit tourism is, just like JRR Tolkien’s book itself, a complete work of fantasy,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

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, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

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>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election