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

 


One pot of gold gone, Labour will create a new one

One pot of gold gone, Labour will create a new one

The Financial Service Council’s savings report shows while we have lost one pot of gold, Labour’s savings policy will help create a new one, says Labour’s Finance spokesperson David Parker.

The Infometrics analysis on Labour’s 1974 New Zealand Superannuation Fund shows it would be worth $278 billion had it not been axed by National.

“Higher savings mean better paid jobs. Those missing billions would have meant higher wages for Kiwis and less reliance on foreign debt and foreign ownership as a country.

“It is clear evidence that New Zealand needs KiwiSaver to be made universal, which the next Labour Government will bring in.

“National’s opposition to universal Kiwisaver, and their long-term suspension of contributions to the NZ Super fund, shows they have not learned from their earlier mistakes.

“New Zealand was economically ahead of Australia at the time the Fund was established. Australia set one up ten years later. It is a major reason for the huge wage gap between New Zealand and Australia.

“It’s why the Australians own their banks plus most of ours.

“National’s broken promise, to close the wage gap with Australia – which has grown by $90 a week since 2008 to $210 now – is further proof of the need for a universal scheme.

“It would be refreshing if National admitted its mistakes,” says David Parker.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news