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

 


Another Kiwi business sold offshore

Another Kiwi business sold offshore

The sale of Kiwi business Pacific Steel to an Australian company is concerning to all New Zealanders who want to see locally-owned industries thriving, Labour Leader David Cunliffe says.

“Pacific Steel is an excellent New Zealand business. Its sale to Australian buyers is a worrying development, yet National simply shrugs its shoulders and lets it go.

“When Fisher and Paykel was sold overseas barely a murmur came from John Key and Steven Joyce. They don’t seem to care.

“Foreign investment is not a bad thing but in New Zealand it is going too far. Too many of our local companies have been snapped up by overseas buyers and the profits are flowing into the hands of overseas investors, rather than staying in New Zealand and keeping Kiwis in jobs.

“The problem is there isn’t enough money in New Zealand to invest in keeping Kiwi companies here. Our dismal savings rate means we don’t have the investment pool here to put money into New Zealand companies. Meanwhile most investment in New Zealand goes into housing speculation, not the industries that need it most.

“That’s why our manufacturing sector is only being propped up by primary industries and the Canterbury rebuild.

“Our policy of making KiwiSaver universal will boost our investment pool and our capital gains tax and research and development tax credits will get that investment into companies that need it most.

“That’s how Labour will help keep Kiwi companies Kiwi. National will continue to stand by and do nothing.

“BlueScope Steel and Fletchers have pledged to keep workers employed until after the Otahuhu mill is decommissioned at the end of 2015. Labour will make sure they keep that pledge,” David Cunliffe says.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

To date, the Opposition has continued to occupy itself with the marginalia of the issue. E.g. whether Key did or didn’t know whether Barack Obama would be present at the US briefing last week on IS, or whether New Zealand’s military involvement is or isn’t already a fait accompli.

It might be better to tackle the issue, head on. Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn.
More>>

 

Parliament Today:

Labour: Tea Breaks 'Gone By Lunch Time'

“How cynical that on the eve of Labour weekend, the National government is pushing through legislation that takes away the statutory right to tea and meal breaks along with collective bargaining protections, and makes vulnerable workers jobs even less secure." More>>

ALSO:

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

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… More>>

ALSO:

PM Of Many Hats: October 22 — Parliament Today

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

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>>

ALSO:

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news