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

 


High dollar, Government neglect sinks Kiwi boat building

David

CUNLIFFE

Labour Leader


26 June 2014 MEDIA STATEMENT
High dollar, Government neglect sinks Kiwi boat building

The New Zealand marine industry is sinking thanks to a falsely high dollar and a Government asleep at the wheel, Labour Leader David Cunliffe said today while visiting Oceania Marine in Whangarei.

“The marine industry is in full scale collapse; hundreds of workers have lost their jobs, a few firms are just hanging on. This is an industry in crisis.

“Industry players say having the dollar at US87 cents makes the industry uncompetitive.

“Labour's monetary policy will keep the dollar at more competitive levels using savings and implementing changes to the Reserve Bank Act to focus on exports. This would mean a lower average dollar and less volatility so that business can be more competitive.

“Labour’s Alternative Budget released yesterday confirms our commitment to a competitive boat building industry.

“A capital gains tax will help direct capital to where it’s most needed and can create the most jobs. KiwiSaver and a boosted New Zealand Super Fund will make domestic capital available to fund business investment.

“Labour's monetary policy will help adjust the dollar down and keep jobs at home. Labour’s economic development policies will create jobs through strategic partnerships between government and businesses. Kiwis suffer when Kiwi jobs go overseas.

“National is adding insult to injury by buying a ferry from Bangladesh while our own boat builders are being thrown out on the street.

“Something’s got to change. Labour has the determination to put Kiwi workers and Kiwi businesses first,” David Cunliffe says.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Water, Pests, Erosion...: Commissioner Releases Mixed Report Card On Environment

The Parliamentary Commissioner for the Environment has released a mixed report card in her assessment of the state of New Zealand’s environment. “We are lucky to live in an exceptionally beautiful country, but we have some big issues to face up to” said Dr Jan Wright. More>>

ALSO:

Education: Private Schools Beneficiaries Of Extra Cash

“Not only did this year’s Budget freeze operational funding for state schools, but 86 per cent of secondary school principals say they don’t get enough funding, and the demand for school donations from parents is rising at 10 times the rate of inflation... Now we’ve got Hekia Parata proposing more cash for private schools." More>>

ALSO:

Shop Hours Bill Second Reading: Government Blocks Easter Trading Petition

The union representing retail workers is warning that the Government is out of touch with working people after passing the second reading of the Shop Trading Hours Amendment Bill, a law handing local authorities the power to permit trading on Easter Sunday. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news