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“We will also reform the Reserve Bank’s outdated tunnel vision mandate so the Bank can take stronger consideration of jobs and exports, rather than the primacy given to inflation.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

Gaza.Scoop: UNRWA School, Ambulances Attacked - Gaza MOH

The Ministry of Health Gaza expresses its horror and outrage at the latest Israeli massacre moments ago at an UNRWA school sheltering displaced persons in Beit Hanoun. Ten people have been killed and there is a large number of wounded. More>>

ALSO:

Gordon Campbell:
On Gaza And Burning The Israeli Flag

One of the selling points in New Zealand’s campaign for a temporary seat on the Security Council is that we have a pluckily independent voice to offer on international conflicts.

This image is not entirely self-delusional. When we did occupy a temporary UN Security Council seat in the 1990s, New Zealand was forthright about the need for the international community to actively respond to the Rwanda genocide. On April 14, 1994, New Zealand, Nigeria and the Czech Republic were the only nations to call for a forceful UN intervention to halt the killings. It was a proud moment in the diplomatic record of the Bolger government.

What then, is the current National government doing with respect to the slaughter in Gaza? More>>

 

Parliament Today:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

EPA: Board Of Inquiry Rejects Basin Flyover By Majority Of 3 To 1

The independent Board of Inquiry delegated to decide on the Basin Bridge Proposal has, by a majority decision (3 to 1), cancelled the Transport Agency’s Notice of Requirement and declined its resource consent applications for the construction, operation and maintenance of a flyover on State Highway 1 in Wellington City... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news