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

 


Low power bills will kick-start Kiwi business


Associate Finance Spokesperson


Low power bills will kick-start Kiwi business

Labour’s NZ Power plan to cut power bills will provide a real boost to New Zealand businesses and the economy, says Labour Associate Finance spokesperson Shane Jones

“The super profits earned by power companies not only hurt Kiwi families, they are holding back New Zealand business. Independent economists Berl have shown that our policy would provide a $450 million boost to the economy that will create 5,000 jobs.

“That’s just the start. These reforms will cut bills to commercial and industrial users by 5 – 7 per cent. Lower energy costs have the capacity to transform New Zealand businesses. Our economy’s Achilles heel is our inability to turn enough of our resources into high-value goods that sell for a premium overseas.

“We need to improve the returns from those resources by manufacturing them into quality products. The cost of power here is one reason we struggle to compete with other manufacturing countries.

“Berl said the largest impacts of Labour’s electricity cost changes on any sector will be for manufacturing.

“Reducing power bills will give our manufacturers a competitive edge. Combined with our reform of monetary policy to make our currency more competitive they will be in a much stronger position when exporting.

“Investors take energy costs and availability into account when developing investment proposals. By harnessing our low cost energy we can facilitate and enable the growth of further secondary and tertiary processing in New Zealand. That’s great for our economy and for creating jobs.

“It is totally unreasonable that such initiatives should be hobbled by an energy system which gouges the consumer base and a Government that continues to protest that power is not over-priced,” says Shane Jones.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Labour: New Figures Show Speculators Rampant

New figures released by the Reserve Bank show there’s been an explosion in mortgage lending with most of the growth going to property investors, Labour’s Housing spokesperson Phil Twyford says. More>>

ALSO:

False Official Information Response: English's Apology Accepted

Finance Minister Bill English is being thanked for his apology to New Zealand First Leader and Member of Parliament for Northland Rt Hon Winston Peters... Mr English says his staff and the Treasury have searched again, and they found the document that they denied having. More>>

ALSO:

Midwives On Pay Equity: Historic Bill Of Rights Case For High Court

“We have been left with no choice.” That from Karen Guilliland, the Chief Executive of the New Zealand College of Midwives, as the organisation prepares to file a pay parity discrimination case on the basis of gender under the NZ Bill of Rights Act in the High Court. More>>

ALSO:

Gordon Campbell: On The Children’s Commission Report On CYF

Accusing the overworked and underfunded staff at Child, Youth and Family of a “dump and run culture of neglect” is the kind of luxury that a Children’s Commissioner can afford to indulge in from his own comfy perch in the bureaucracy. More>>

ALSO:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news