Parliament

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

 

Kiwis Paying for Government’s Housing Mess

Kiwis Paying for Government’s Housing Mess

Kiwi home loan borrowers and exporters are being sacrificed as the Reserve Bank desperately tries to deflate the country’s housing bubble, especially in Auckland, says New Zealand First.

“The complete failure of the National Government over almost six years has resulted in yet another interest rate hike as the Reserve Bank frantically tries to deal with the housing crisis that is of the government’s making,” says New Zealand First Leader Rt Hon Winston Peters.

“The economy is being damaged as a whole as the bank uses a blunderbuss approach that is a dinosaur and no longer fit for the purpose.

“National has been encouraging a massive influx of migrants and foreign property speculators. The predictable outcome was going to be a housing bubble and now they do not have the appropriate means to deal with it.

“Had the government listened to New Zealand First and supported our bills to overhaul the Reserve Bank Act, Kiwi borrowers, manufacturers and exporters would not now be hurting under ever higher interest rates and an export ruinous high dollar.

“We would give 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 The Bojo Visit

British Foreign Minister Boris Johnson is in town today, just over a year since his political career peaked… and then wobbled off into a grey zone of indecision...

Currently, Johnson is touring the former colonies, talking up the historical ties. More>>

 

PM's Press Conference: Boris, Infrastructure, Immigration, Drugs

Prime Minister Bill English opened this week's post-cabinet press conference by revisiting that day's announcement of 'Crown Infrastructure Partners'... More>>

Employers Pleased: Reports Of Govt Backdown On Low-Wage Immigration

MEA: We are pleased to hear that the Government is planning to review incoming immigration changes with a specific focus on how they will affect the regions. Effectively addressing skills shortages in manufacturing and other sectors needs to remain a core part of our immigration system ... More>>

ALSO:

Gordon Campbell: On The Ch-Ch-Changes At IRD

Job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation... More>>

ALSO:

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election