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

 


Government selling us down the Mighty River

David Shearer
Labour Leader

Clayton Cosgrove
SOEs spokesperson

4 March 2013

Government selling us down the Mighty River

The asset sales programme will ultimately see millions of dollars go into the pockets of private and Australian investors while most New Zealanders lose out, say Labour Leader David Shearer and SOEs spokesperson Clayton Cosgrove.

David Shearer says: “Currently our state assets are 100% Kiwi owned. This programme will mean New Zealanders lose their assets. Kiwis are being asked to purchase what they already own. John Key says he’s committing to keeping 85 per cent in New Zealand hands but to do that thousands of Kiwi families will have to spend at least $1,000.

“The assets will be listed on the Australian stock exchange and open to investment from overseas companies. John Key can’t explain how he is going to ensure that at least 70% of the shares go into the hands of New Zealanders, apart from spending $1 million on an advertising campaign. He still refuses to explain how his loyalty programme will work.

“Over 80 per cent of New Zealanders have consistently said they are against asset sales. There are 390,000 Kiwis who have signed the petition calling for a referendum. New Zealanders must have their say. The Government should hold the referendum this year and listen to the will of the people,” says David Shearer.

Clayton Cosgrove says: “Under John Key thousands of New Zealanders have lost their jobs and wages have stagnated. Most Kiwi families simply don’t have a spare $1,000 sitting around to buy assets that they already own.

“John Key’s plan will see the vast majority of New Zealanders lose their assets while wealthy private investors from overseas get to cash in.

“National is plowing ahead despite a great deal of uncertainty around this plan. Iwi may need compensation, there is concern around Tiwai Point hanging over the electricity sector, Solid Energy has collapsed and electricity demand is predicted to remain flat.

“No time is a good time for asset sales. But to sell our assets in a flat electricity market is simply reckless. And who will be the loser in the end? New Zealand families and taxpayers,” says Clayton Cosgrove.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

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

Ridiculous reported comments on RNZ this morning by Trade Minister Tim Groser, as he sought to dampen down concerns about the leaked draft of the IP chapter of ther Trans Pacific Partnership negotiations. According to Groser, ‘extreme’ positions are common at the outset of negotiations, and these get whittled down over the course of negotiations. Fine.

Except that 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.

Still, Groser did promise that the cost of medicines would not rise as a result of the TPP trade deal. Great. But this is not what politicians in other countries are saying. More>>

.

 
 

Parliament Today:

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>>

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:

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Labour: Review Team Named, Leadership Campaign Starts

Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban.

ALSO:

Roy Morgan Poll: National Slips, Labour Hits Lows

The first New Zealand Roy Morgan Poll since the NZ Election shows National 43.5% (down 3.54% since the September 20 Election). This isn’t unusual, National support has dropped after each of John Key’s Election victories... However, support for the main opposition Labour Party has crashed to 22.5% (down 2.63% and the lowest support for Labour since the 1914 NZ Election as United Labour). More>>

ALSO:

In On First Round: New Zealand Wins Security Council Seat

Prime Minister John Key has welcomed New Zealand securing a place on the United Nations Security Council for the 2015-16 term. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news