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

 


Labour fact check: Key’s twists and turns in speech

David
PARKER

Spokesperson for Finance

2 April 2014 MEDIA STATEMENT
Labour fact check: Key’s twists and turns in speech

John Key has yet again twisted the figures and selectively chosen his statistics, a fact check by Labour shows, says Labour’s Finance spokesperson David Parker.

“John Key has a long history of getting away with misstatements that range from an honest mistake to worse. Today Labour is calling him out with a list of the misrepresentations in his speech.

“Labour is determined to hold John Key and his spin doctors to account ahead of election year,” says David Parker.

Key: Over the past year, for example, 66,000 more people have got a job.

Over the past two years, unemployment has fallen by only 4000 (from 151 thousand to 147 thousand)

Key: Average weekly wages have gone up 2.8 per cent, compared to inflation of only 1.6 per cent.

Under the Labour Cost Index – the measure of wage rates, Salary and ordinary time wage rates increased by 1.6% - an zero increase in real terms.

Key: And the economy as a whole has grown 3.1 per cent – one of the faster growth rates in the developed world.

The annual growth rate is 2.7 per cent - Key is misleading the public by using the quarter-on-quarter annual growth rate. Annual year-on-year growth is a much more robust measure of growth as it covers a broader time period (a year, rather than three months). This is the measure that Treasury uses in its forecasts.

Key: We have had an on-going commitment to discipline around government spending and that will continue this year, next year and for as long as we lead the Government.

National has increased debt by $60 billion in office, the worst of any in government (in nominal terms) and the worst since Muldoon as a percentage of GDP.

Key: One way to illustrate our approach is this – in the last five years of the previous Labour government, new operating spending each budget averaged $2.7 billion a year.

Every year Labour posted large surpluses and paid down debt. National has yet to do this once, after more than five years in office.

Key: In the last five years of Labour, government spending in total went up 50 per cent.

In the last five years of Labour we introduced Working for Families, interest free Student loans and Kiwi Saver – all paid for out of growth. None of which National has repealed .

Total Government expenses

Labour:

$55.2b to $75.8b from Budget 2003 to Budget 2008: Increase of $20.6b (37 per cent)

National:

$75.8b to $91.0b from Budget 2008 to Budget 2013: Increase of $15.2b (20 per cent)

Total Government Revenue

Labour:

$57.0b to $81.5b from Budget 2003 to Budget 2008: Increase of $24.5b (43 per cent)

National:

$81.5b to $86.7b from Budget 2008 to Budget 2013: Increase of $5.2b (6 per cent)

Net government debt (excluding Super Fund):

Labour:

$17.6b to $10.3b from Budget 2003 to Budget 2008 (-43 per cent)

National:

$10.3b to $55.8b from Budget 2008 to Budget 2013 (+442 per cent)

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news