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

 


Save Our Economy by Urgently Updating Reserve Bank Act

Rt Hon Winston Peters
New Zealand First Leader
28 April 2014

Save Our Economy by Urgently Updating Reserve Bank Act

New Zealand First is calling on the Government to urgently support New Zealand First’s changes to the Reserve Bank Act to save manufacturers and exporters from the dire consequences of an overvalued dollar, says New Zealand First Leader Rt Hon Winston Peters.

“There is no time to linger on this, many of our exporters are barely hanging on by the skin of their teeth and Kiwis with mortgages are facing rising interest rates.

“New Zealand First calls on the Government to support an update to the Act which was written for an earlier era.

“Everyone, including the International Monetary Fund, is warning that the chronically overvalued dollar is eroding our economic base.

“Unfortunately, the commodities (logs and milk) boom to one market – China – is disguising the damage that is happening, but the true picture is that New Zealand is becoming more vulnerable as each day passes.

“New Zealand First wants an overhaul of the primary function of the Act which will be a win for all New Zealanders. Our two previous Bills were both defeated by only one vote, in 2012 and 2013, but as the dollar heads to US90 cents the Government must surely come to its senses and support the changes.

“Currently the Act is too focused on inflation, New Zealand First’s Bill advocates giving the Reserve Bank a mandate to pursue a balanced economic agenda to promote growth, employment and exports,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On Winston Peters’ Latest Bout Of Immigrant Bashing

So in the latest 3News-Reid Research poll, New Zealand First and the Conservatives have been the big winners. It is only one poll, but rather than cannibalising each other’s vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist...

Poll fixation though, is a symptom of horse race journalism. To date, the focus has been on the poll numbers for New Zealand First – at 6.3% in this latest poll – and the power that this puts in Peters’ hands. Few are questioning how he’s got to this happy place, and what it says about the mood of the electorate. Yet as sure as night follows day, Winston Peters is once again peddling bile at the immigrants in our midst. More>>

 

Parliament Today:

Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

ALSO:

Labour On Climate Change: Focus On The Now For The Future

A Labour Government will put in place a comprehensive climate change strategy focusing on both mitigation and adaptation, establish an independent Climate Commission and implement carbon budgeting, says Labour Climate Change spokesperson Moana Mackey. More>>

ALSO:

Gordon Campbell: On National’s Housing Assistance Plan

So, as many as 90,000 people could derive some benefit from National’s housing assistance plans for low and middle-income earners... Yet in reality, the benefits seem likely to be insignificant, and they will be skewed towards those at the top end of the income group that’s supposedly the target. More>>

ALSO:

Election Data Consortium: National’s Worst Case Scenario At Stage One?

A month out from the general election and ipredict traders are still forecasting National’s vote to slip below current polling levels and there is potential for it to fall further. More>>

ALSO:

From The Scoop Video Archive: PM Says SIS "Told Me" About OIA Release

In a press conference immediately following an controversial OIA release of notes on an SIS briefing to then Labour leader Phil Goff, Key said "at that point [Tucker] told me he'd release it ...". Since the release of Nicky Hager's 'Dirty Politics' Key has denied being personally informed and said references by officials to 'the PM' being told briefed referred to his office. He now says the same about his own statement. More>>

ALSO:

  • Scoop Video in the news - New questions over Key claims | NZ Herald News - Stuff.co.nz
  • Earlier - Felix Marwick: Laying out facts over SIS documents - Newstalk ZB
  • Labour - Director’s letter contradicts Key’s claims
  • ACT - The Letter - 26 days to go
  • TV3 Video - Housing issue nudges Dirty Politics aside - David Cunliffe: Key's SIS explanation 'defies belief' - SIS leak came from Key's Office - Goff - Key 'categorically denies' Slater OIA discussion - Video: Key faces more Dirty Politics questions

  • TVNZ - Winston Peters: ‘Dirty Politics' is a new low
  • The Nation - Debate Between Grant Robertson And Russel Norman
  • NZ First - “The Words Mean What I Say They Mean”
  • Schools, PPTA Sign Up: Primary Teachers And Principals Vote Down Govt Plan

    Teachers and principals have voted overwhelmingly against the Government’s controversial “Investing in Educational Success” policy, including proposed highly-paid principal and teacher roles. More>>

    ALSO:

    Gordon Campbell: On The Usual Round Of Mud Slinging And Name-Calling

    This week gave an interesting example of how hard it is to untangle the reality from the slanging matches. The issue that emerged early this week could hardly be more important. Does the government intend to cut spending in health, education and on the environment if re-elected, or not? More>>

    Earlier:

    Electionresults.co.nz: National and NZ First Rise in Roy Morgan Poll

    National has bounced back in the latest Roy Morgan Poll but the big winner has been New Zealand First who rise to their highest level of support since September 2013. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news