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

 


National fiddles while mortgages rise

David
CUNLIFFE

Labour Leader


2 April 2014 MEDIA STATEMENT
National fiddles while mortgages rise

National’s failure to address the underlying issues of the New Zealand economy means New Zealanders will be paying more for their mortgages, says Labour Leader David Cunliffe.

“They are fiddling while interest rates, rents and mortgages rise.

“The Government has ignored the major issues for the economy: a distorted tax system, a pitiful savings record, funding superannuation and outdated monetary settings.

“That requires a competitive exchange rate policy, strong industry development, investment and innovation – all part of Labour’s Economic Upgrade – not just sending a few more bureaucrats to China and South America.

“John Key has today made it clear he doesn’t have a plan to add value to the New Zealand economy.

“We need to diversify our exports from raw materials to higher value products.

“Sending just seven more trade officials to ‘greater China’ is clearly a drop in the bucket.

“This does not even restore the Government’s own cuts. Since 2009 it cut NZTE’s annual spending by $51 million. Today’s moves are adding only $17 million a year, leaving the organisation $34 million worse off under National.

“Labour’s Economic Upgrade will focus on the three I’s – Investment, Innovation, and Industry development – to change our focus from exporting raw products overseas to producing high-quality, high-value products in New Zealand to sell to wealthy markets.

“That is how Labour will create better jobs and higher incomes for New Zealanders,” David Cunliffe says.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Foreign Affairs: NZ Begins Presidency Of UN Security Council

Prime Minister John Key has welcomed the start of New Zealand’s month-long Presidency of the United Nations Security Council in New York. More>>

ALSO:

Labour: Cash For Charter Schools, Mould For State Schools

“Recently released financial statements show the Whangarei charter school He Puna Marama received $3.9 million in government funding to the end of last year. Yet their audited accounts show they only spent $1.4 million on education, leaving almost $2.5 million over two years unaccounted for." More>>

ALSO:

Kiwirail Plans Shift From Electric: National Urged Not To Take Backwards Step

The National Government shouldn’t drag New Zealand backwards by replacing its climate friendly electric trains with carbon-polluting diesel trains, the Green Party said today. More>>

ALSO:

Capital Connection:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news