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

 


Same old same old economic policy from Labour

Same old same old economic policy from Labour


Labour’s so called ‘Manufacturing Policy’ once again reheats the same old tired economic policies that would take New Zealand back to the dark days of high inflation, sluggish growth and low-job prospects, Economic Development Minister Steven Joyce says.

“Labour is stubbornly determined to continue to manufacture a crisis in manufacturing when one simply doesn’t exist,” Mr Joyce says.

“As the latest BNZ-Business New Zealand Performance on Manufacturing Index shows, manufacturing has been expanding for the last 19 consecutive months and 14,300 more jobs were added in the last year. Manufacturing activity is at the highest level since 2006.

“The only manufacturing the Labour Party is doing is trying to sell its re-tread policies as being something new. Their policies would hurt manufacturers and the New Zealand economy.

“R&D tax credits were first announced by Labour in 2007 and they have now re-announced it for the umpteenth time. Suggesting an R&D tax credit for businesses of 12.5 per cent somehow forgets the co-funding the Government has put in place of 20 per cent for high-growth firms.

“The two Davids – Cunliffe and Parker – are determined to remain ignorant of the Government’s considerable investment in business R&D as well as the establishment of Callaghan Innovation. Business R&D rose by 23 per cent between 2010 and 2012 and is now at record levels.

“Their procurement policy is classic Cunliffe double speak – promising both a “level playing field” but also a “Buy Kiwi made” policy.

“Weirdly Labour want to complicate the tax system by taxing firms more and less at the same time. A capital gains tax would hit all productive businesses. And they haven’t even mentioned the impact of their more costly Emissions Trading Scheme on Kiwi households and businesses.


“After such a sad song and dance about manufacturing being in crisis, it’s clear Labour is now embarrassed by this embarrassment of a policy –and have dropped it out on the eve of the Easter long weekend.

“New Zealand’s manufacturing sector is expanding at one of the highest rates in the world which is great news for Kiwis and their families. Labour wants to put that all at risk.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

International Rankings: Student Results 'Show More Resourcing Needed'

NZEI: "For the second time in a week, international assessments show we have a problem... We need to put more resources into schools in high poverty communities to ensure all kids get the support they need."

New Zealand had only held relatively steady in international rankings in some areas because the average achievement for several other OECD countries had lowered the OECD average -- not because our student achievement has improved. More>>

 

Salvation Army Report: Beyond The Prison Gate Report

A new Salvation Army report says changes must be made to how prisoners re-enter society for New Zealanders to feel safe and secure in their homes and communities. More>>

ALSO:

Surprise Exit: Gordon Campbell On The Key Resignation

The resignation of John Key is one thing. The way that Key and his deputy Bill English have screwed the scrum on the leadership succession vote (due on December 12) is something else again. It remains to be seen whether the party caucus – ie, the ambitious likes of Steven Joyce, Judith Collins, Paula Bennett, and Amy Adams – will simply roll over... More>>

ALSO:

Q+A: Labour's Michael Wood Wins Mt Roskill

Labour’s Michael Wood, who last night won a 6,000 vote majority in the Mt Roskill by-election, says the reason for the win was simple, clear messaging... More>>

ALSO:

Gordon Campbell: On Anne Tolley’s Callous Folly

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

ALSO:

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news