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

 


Tax and spend Nats push up interest rates

Tax and spend Nats push up interest rates


National has changed its colours and become the real tax and spend party but is trying to hide the truth through suspect accounting, says Labour’s Finance spokesperson David Parker.

“John Key clearly enjoys testing the New Zealand public’s gullibility. Yesterday he claimed that new spending under National has risen by only $250 million each year under his Government.

“How does that explain the extra $3 billion he is spending a year on superannuation compared with five years ago as just one example?

“National is now spending 20 per cent more than the last Labour Government. Yet John Key has the gall to claim that a new Labour Government would lead to rising interest rates. The truth is Labour will run fiscal surpluses that will not put pressure on interest rates.

“Yesterday John Key said: ‘If a political party tells you they are going to spend a lot of money, ask them how much it is going to cost your mortgage’.

“Kiwis should ask John Key that very question. Interest rates are rising already and National can’t hide from that. John Key falsely claimed the credit for low interest rates during a global recession. He now has to take responsibility for rising rates.

“Higher interest rates are going to make it even harder for Kiwis to buy homes and push rents higher than they are. National knows this is an election issue and it is on the wrong side of it. That’s why the spin machine is going into overdrive.

“It’s time to National to be up front with Kiwis on their spending and answer John Key’s question – how much will it cost your mortgage?” says David Parker.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Bullish On China Shopping: Trade Minister On Premier's Visit

Q+A: Trade Minister Todd McClay – not ruling out a conversation around Chinese workers coming to New Zealand to work on infrastructure projects as part of trade talks:

‘Yeah, well, that’s not something that’s on the table at the moment, but, look, what we’ve agreed as part of the, you know, when we start the upgrade negotiation, both sides can raise issues that are of importance to them. We’ve got a list of things we want to talk about. China may well have.’ More>>

 

Little Heading For Court: Apology Over Donation/Hotel Contract Claims Not Accepted

Today I want to publicly apologise unreservedly to Mr Hagaman for any hurt, embarrassment or adverse reflection on his reputation which may have resulted from my various media statements. I have offered that apology to the Hagamans. More>>

ALSO:

Biscuit Tin Of Democracy: World Heritage Site Protection, Ombudsman and Equal Pay Bills Drawn

On Thursday, 23 March 2017 three places are available on the Order Paper for the first reading of a Member’s bill. The ballot was held, and resulted in the following bills being drawn... More>>

ALSO:

Emissions Plan: NZ Needs More Science, More Trees, Fewer Beasts

A combination of technology breakthroughs, much more plantation forestry, and a big switch away from pastoral, particularly dairy farming, are identified as the key elements of any approach New Zealand takes to reducing its carbon emissions to a net zero level, according to a new report sponsored by the New Zealand chapter of GLOBE, a multi-party, global parliamentary grouping. More>>

ALSO:

"Backed To Win Seats": Labour Māori Seat MPs Won't Stand On List

The Labour Party is backing a request from its Māori seat MPs to stand as electorate MPs only, says Labour Leader Andrew Little. More>>

OutsKey: John Key's Valedictory Speech

I rise to address this House for the very last time. It has been a huge privilege to have served the people of Helensville as their member of Parliament, and, of course, the people of New Zealand as their Prime Minister. More>>

ALSO:

Productivity Commission: New Models Of Tertiary Education Are Coming

The report is a broad-ranging inquiry into how well New Zealand’s tertiary education system is set up to respond to emerging trends in technology and the internationalisation of education, and changes in the structure of the population, and the skills needed in the economy and society... More>>

ALSO:

PM's Press Conference: Water Everywhere

Monday's Post-Cabinet press conference focused on water, with the Prime Minister fielding questions about the possibility pricing water taken for export. Mr English said the government was directing their water allocation technical advisory group to include export water in considerations. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news