Parliament

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

Budget '17: Budget Spends Down Future Surpluses

Tax cuts for every working New Zealander, targeted to low and middle income earners, more generous assistance for families and renters, and a massive spend-up on public services infrastructure mark Finance Minister Steven Joyce’s election year Budget.

The package of changes to income tax thresholds, the Working for Families programme, and the Accommodation Supplement is the Budget’s political centrepiece and will cost $2 billion a year. More>>

Scoop Full Coverage: of Budget Announcements & Reaction
Latest: Scoop Search

ALSO:

 
 

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

Gordon Campbell: On The Navy’s Dealings With Fat Leonard, And Twin Peaks

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes may be less than satisfactory… The Navy has now gone one step beyond. It won’t even ask itself whether it did a good job. More>>

ALSO:

NZDF: Fifth Rotation Of Troops Heads To Iraq

The fifth rotation of New Zealand Defence Force troops left today for a six-month mission training Iraqi soldiers. More>>

ALSO:

Gordon Campbell: On The Demonising Of Iran

Will New Zealand still be willing to pursue its recent trade overtures to Iran, now that US President Donald Trump has used his speech in Riyadh to single out Iran as the main source of terrorism and instability in the Middle East? More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election