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

 


National’s Monetary Policy Inflicting Unnecessary Hardship

Rt Hon Winston Peters
New Zealand First Leader
31 January 2013

National’s Monetary Policy Is Inflicting Unnecessary Hardship

New Zealand First knows it. Manufacturers and exporters know it. And today the Reserve Bank confirmed it – our seriously overvalued dollar is damaging the economy.

The Reserve Bank said the New Zealand dollar was “over-valued” and was undermining the export sector on which our economy is dependent.

Rt Hon Winston Peters says it is time the Government took action and gave the Reserve Bank the tools to tackle the over-valued dollar.

“National has made an art form of sitting by and doing nothing about our seriously over-valued dollar.

“Prime Minister John Key and Finance Minister Bill English have their heads in the sand if they believe the Reserve Bank should focus its monetary policy solely on inflation.

“Inflation isn’t a problem in New Zealand and hasn’t been for years, unlike our over-valued dollar which is seriously hurting manufacturers, exporters, and regional economies.

“The over-valued dollar is also contributing to unemployment as manufacturing businesses become uneconomic and shut down, or relocate overseas.

“Just how much hardship must be inflicted upon ordinary New Zealanders before this pathetic Government takes action?” says Mr Peters.

--

nzfirst.org.nz | twitter.com/winstonpeters | facebook.com/winstonpeters

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bill English, Abroad

Looks like you need to get the blurb yourself. Probably best to do that irrespective, actually.If David Cameron was the closest thing John Key had to a political mentor, their successors also share a whole lot in common.

Theresa May and Bill English were both propelled into the top jobs as the result of unexpected resignations, and without much in the way of credible competition from their colleagues. Neither have yet been given a mandate to govern by the electorate although – in both countries – the Labour opposition is in less than robust shape. More>>

 

Pike River: Labour Bill To Override Safety Act For Mine Entry

“Bill English has been hiding behind the legal excuse that any attempt to re-enter the mine to recover the bodies might place the mine’s owner, Solid Energy Limited, and its directors in breach of the Health and Safety at Work Act 2015." More>>

ALSO:

Gordon Campbell: On Populism And Labour 2017

For many people on the centre-left, populism is a dirty word, and a shorthand for the politics of bigotry. In this country, it has tended to be equated with the angry legions of New Zealand First. Who knew they were not just a reactionary spasm, but the wave of the future? More>>

Oxfam: 30% Of NZ Owns Less Wealth Than Our Two Richest Men

The research also reveals that the richest one per cent have 20 per cent of the wealth in New Zealand, while 90 per cent of the population owns less than half of the nation’s wealth. The research forms part of a global report released to coincide with this week’s annual meeting of political and business leaders at the World Economic Forum in Davos, Switzerland. More>>

ALSO:

Hospitals: Resident Doctors Set To Strike Again

Despite discussions between the DHBs and NZRDA over safer hours for resident doctors progressing during the last week, the strike planned for next week appears set to proceed. More>>

ALSO:

Not So Super Fund: More Burning Ethical Questions For Steven Joyce

Greens: Radio New Zealand reported this morning that the New Zealand Superfund has $77 million invested in 47 coal companies that the Norwegian Government’s Pension Fund – the largest sovereign fund in the world – has blacklisted. More>>

Activism: Greenpeace Intercepts World’s Biggest Seismic Oil Ship

Greenpeace crew have made contact with the world’s biggest seismic oil ship after travelling 50 nautical miles on two rigid-hulled inflatables off the coast of Wairarapa... Greenpeace radioed the master of the Amazon Warrior to deliver an open letter of protest signed by over 60,000 New Zealanders. More>>

ALSO:

Gordon Campbell: Why Tax Cuts In 2017 Would Be A (Proven) Bad Idea

Ever since the world fell prey to the mullahs of the free market in the 1980s, no amount of real world evidence has managed dispel one key tenet of their economic faith. Namely, the idea that if you cut income taxes and taxes on small business, a wave of individual enterprise and entrepreneurial energy will thus be unleashed, profits will rise and – hey bingo! – the tax cuts will soon be paying for themselves ... More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
More RSS  RSS
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news