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

 


America’s Cup is weather-dependent, our economy can’t be

David PARKER

Spokesperson for Finance

19 September 2013         MEDIA STATEMENT

America’s Cup is weather-dependent, our economy can’t be

It is one thing for the America’s Cup to depend on the weather but statistics out today show our economy relies too much on the elements, says Labour’s Finance spokesperson David Parker.

“The weather had a big impact today. The 12th race of the America’s Cup was abandoned and Statistics New Zealand figures released today showed that GDP growth in the last quarter stagnated because of the drought. Agriculture activity declined by 6.4 per cent.

“It is one thing for the sporting hopes of our nation to rest upon the weather. The wealth of our nation should not.

“New Zealand’s economy is too dependent on the primary sector. When there is bad weather all of us suffer the impacts.

“Bill English came into office promising to rebalance the economy. He has clearly failed. Primary industries will always be important to New Zealand but we must ensure other industries are given the room and settings to flourish.

“Only that way will we be able to get through a drought without seriously hurting the economy.

“GDP growth of 0.2 per cent was held up by the rebuild of Christchurch, with construction activity increasing by 2.3 per cent. Our underlying economic performance is lacklustre.

“Labour will rebalance the economy by increasing our investment pool through universal KiwiSaver and get that investment into high-growth industries through a capital gains tax and research and development tax credits.

“We will also reform the Reserve Bank’s outdated tunnel vision mandate so the Bank can take stronger consideration of jobs and exports, rather than the primacy given to inflation. 

“Bill English has failed to rebalance the economy. He doesn’t have the ideas New Zealanders need. Labour does,” says David Parker.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Legal Fudging Of The GCSB Revelations

As many have noted, the Hager/Snowden revelations of the spying by our security agencies on our Pacific neighbours and allies is a virtual re-run of the pre-election debate.

Unfortunately, it is also a forerunner of the kind of “ debate” we can expect during the upcoming review of the security agency powers, in June. It is a situation where the government (a) stonewalls, (b) baldly asserts that mass surveillance is not occurring despite the Snowden evidence that it is, and (c) claims that the GCSB actions were lawful.

Yet as Greens Co-Leader Russel Norman says, this can be true only if the legislation passed last year by the Key government has made the mass surveillance of New Zealanders – and the related handing over of their private data to the NSA – lawful. More>>

Latest:

 

PARLIAMENT TODAY:

Women's Day, March 8: It’s Time For Men To Step Up For Gender Equality

UN Women is launching the HeForShe campaign in New Zealand at the International Women's Day Parliamentary Breakfast, and is calling on New Zealand men — including politicians and community and sports leaders — to show their commitment to gender equality by signing up to this global campaign. More>>

ALSO:

Teina Pora Wins Appeal: Gordon Campbell On The Privy Council Decision

The quashing of the convictions of Teina Pora for the rape and murder of Susan Burdett in 1992 has shone a spotlight once again on a major gap in the New Zealand justice system... More>>

ALSO:

Urgent Bill Planned: MP Pay Rises To Match Public Service

Prime Minister John Key today announced an overhaul of the Remuneration Authority Act, tying MP salaries to those of the wider public sector, which will be passed under urgency. More>>

ALSO:

PM's Press Conference: MP Pay Rises, Solid Energy, Iraq

Prime Minister John Key answered questions in his Post-Cabinet press conference about the Iraq deployment, Solid Energy and National’s decision to overhaul the Remuneration Authority Act. More>>

ALSO:

Worksafe: MSD Charged Over Work And Income Ashburton Shooting

WorkSafe NZ has laid one charge against the Ministry of Social Development (MSD) in relation to the shooting at the MSD Ashburton office on 1 September 2014 in which two Work and Income staff were killed and another was injured. More>>

ALSO:

Iraq: Ex-Hostage Says Government Not Putting NZers, Iraqis First

Harmeet Singh Sooden is travelling to Iraq in the coming weeks to work with Christian Peacemaker Teams (CPT) on a short-term assignment. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news