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.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Relevant Consents Gained: Government Unveils RMA Reform Package

The government has formally hauled down the flag on its attempts to alter the balance of environmental and economic priorities in the Resource Management Act, unveiling a 180-page Resource Legislation Amendment Bill containing reforms that have been largely endorsed by most political parties. More>>


Closing Schools And Such: Interim Redcliffs Decision Announced

“While the school’s board has argued that circumstances that could give rise to potential disruption are extremely unlikely, advice from technical experts has shown these concerns cannot be ruled out." More>>


Jane Kelsey: High Court Can’t Make Groser Provide TPPA Information Faster

‘This week we went back to court to challenge Trade Minister Groser’s stalling tactics over the release of information on the Trans-Pacific Partnership Agreement negotiations, following a High Court order that he reconsider the Official Information Act request I made last January’, said University of Auckland law professor Jane Kelsey, first applicant in the case. More>>

Werewolf 58: No Climate For Change

The last time the global community tried to take collective action on climate change the world’s leaders finally came to agree that every not-too-onerous effort should be made to hold global warming to 2°C above the pre-industrial average. At Paris, all 150 participant countries nations will have put forward their pledges... On the information available, New Zealand's is the second weakest contribution of any nation in the developed world. More>>


Lambton Quay Shutdown: Object Was Made To Look Like Bomb

Police cordoned off part of Lambton Quay Wednesday afternoon, saying that a suspicious package had been found. Buildings were evacuated and buses were detoured. The army’s explosive ordnance disposal unit was brought to the Quay. More>>


Public Sector Still Shrinking: Record Low Number Of 'Backroom Bureaucrats'

Ongoing restraint in the public sector and a focus on better frontline services has seen a further reduction in the number of core Government employees, State Services Minister Paula Bennett says. More>>


Disobeying The Law: Police Censorship Of Crime Research “An Outrage”

The Green Party is calling on Police Minister Michael Woodhouse to ensure Police scrap controversial contracts that place onerous restrictions on academic researchers’ access to Police data, the Green Party says. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news