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English struggling to argue monetary policy


Spokesperson for Finance
English struggling to argue monetary policy

Bill English is tying himself in knots but still can’t come up with a reason to attack Labour’s forward-thinking monetary policy and justify the status quo, Labour’s Finance spokesperson David Parker says.

“Bill English has criticised Labour’s objective of bringing the dollar down to a fair level, only to say in the same breath that it is bad the dollar is so high!

“The Finance Minister then complained Labour’s policy offers nothing new, before turning around and claiming it has never been done before!

“A Labour government will deliver lower interest rates, a fair exchange rate and more jobs. We will use KiwiSaver to help dampen inflation instead of only interest rates.

“New Zealanders prefer to save more, rather than pay more interest to the banks.

“National is desperately searching for an excuse to oppose this sophisticated change which will help exporters by taking pressure off our over-valued currency. The truth is the system they’re defending isn’t working for New Zealand.

“Labour’s plans are good for Kiwis and the economy because more money stays in New Zealand, rather than going to overseas lenders.

“National needs to stop floundering and explain why their policy, which hurts families and businesses, is better.

“Bill English is waiting for polling and focus groups to get his lines right. Meanwhile the public is listening to Labour,” David Parker says.

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