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

 


Government's asset sales retreat is pure politics

Government's asset sales retreat is pure politics

Press Release: ACT New Zealand
25 March 2014, 11:10pm

“The National Government’s decision to end the privatization of government trading enterprises is pure politics and makes no economic sense,” said ACT leader Jamie Whyte.

“The reason to sell government assets is simply that government is not good at business. Owning businesses is risky, as the collapse of Solid Energy shows. Such risks should be taken by voluntary investors, not by politicians using the money of taxpayers with no choice in the matter.

“If Labour had sold Solid Energy the taxpayer would have been a billion dollars better off today. 

“National is now saying that the taxpayer has to keep Solid Energy and its other loser businesses. Yet it is irrelevant that some of these businesses are making no money - private companies often sell their loss making divisions. Let someone who can do a better job of running it have it.

“Of course, the government has other assets, such the remaining half of the energy companies.  Is National really saying that there is no better use for $4 billion of taxpayers’ money than owning half of some energy generators?  The only reason not to sell is the political promise not to sell.  Ownership by the taxpayer makes no economic sense.

“New Zealand Post has made no money from Kiwi Bank.  The bank is draining resources from the postal business.  The rise of internet business delivery has seen a recovery of postal businesses around the world but New Zealand Post has put all its investment into a bank that is yet to pay a dividend and the postal service is getting worse.

“A logical move would be to let the public invest in Kiwi Bank.

“The PM’s refusal to sell more state-owned businesses is pure politics.  It is another reason why politicians should keep out of business and concentrate on what the government should be doing, such as improving our education, health and welfare systems.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Make NZ Make Again: Greens Will Establish A Minister For Manufacturing

The Green Party announced today that it will establish a Minister for Manufacturing in Cabinet, to better represent the interests of manufacturers and ensure they thrive. The Minister will be inside Cabinet and have responsibility for the long-term interests of the manufacturing sector. More>>

ALSO:

Cannabis Party: Treasury Figures On Cost Of Criminalisation

Figures released by Treasury prove the economic viability of The Cannabis Party's policy, while destroying the credibility of police claims about cannabis harms. More>>

ALSO:

Green Party: Investigation Into Mental Health Facilities Shows Disarray

The Health Minister must urgently launch an inquiry into mental health services, after serious issues with the standard of care at mental health and disability facilities around the country were revealed today, the Green Party said. More>>

ALSO:

Apparently He Means 'Years 0-8': Seymour Announces 4th Partnership Schools Application Round

“The continuing growth of this policy reflects the achievement of the eight existing Partnership Schools, and the strong levels of interest educators and community leaders are showing in the Partnership Schools model and what it offers students and their families,” Mr Seymour says. More>>

ALSO:

Trust Directors: Urban Māori Win Case Against Te Ohu Kai Moana

The National Urban Māori Authority (NUMA) and Te Waipareira Trust have succeeded in their claim over a $20 million trust set up for the benefit of urban Māori, meaning all directors of the trust must represent Māori who are not affiliated with an iwi. More>>

New Model: Carbon Tax Could Lower Emissions And Boost Economy

A carbon tax targeting emissions-intensive industries, along with a revamped Emissions Trading Scheme (ETS), could boost economic growth, with the extra tax generated used to cut GST from 15 percent to 12.5 percent. More>>

ALSO:

Budget Docs Release: ACC Sought $158mn In Budget 2016, Got $26.4mn

The Accident Compensation Commission requested an extra $158 million in funding for 2016/17 from the government ahead of Budget 2016, but Treasury instead recommended an interim payment of just $26.4 million be funded to tackle demographic changes, papers published by the government show. More>>

ALSO:

Submissions Sought: Māori Party Joins Opposition Housing Inquiry

People who are homeless, those who were once homeless, those working with the homeless and concerned New Zealanders are being asked to share their experiences and solutions to this growing issue with the Cross-Party Homelessness Inquiry. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news