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

 


Rattled rock-star economy turns sour

Rattled rock-star economy turns sour

National’s “rock-star’’ economy is rapidly turning sour as milk prices take another dive, says Labour Leader David Cunliffe.

“We sympathise with the farmers who will struggle to stay afloat with the announcement of a drop in the price of milk solids from $7 to $6 for the 2014-15 season.

“Dairy is a critical part of our economy but the average price for whole milk powder has now fallen 38 per cent since February, wiping billions off the books.

“Today’s announcement will take a further billion dollars out of the economy. The reverberations will be felt throughout the country.

“Labour has been saying for months that National’s so-called rock-star economy has been built on vulnerable commodity prices and Canterbury insurance cheques.

“National is banking on milk and disaster.

“Labour has a complete package of costed policies that will support and enhance traditional industries while diversifying the economy.

“Our monetary policy will help keep interest rates and the dollar down – assisting farmers and other exporters.

“Our economic upgrade, based on investment, innovation and industry will encourage a journey from volume to value – in forestry, manufacturing and other productive sectors across our cities and regions.

“Our Capital Gains Tax and R&D tax credits will help to move the economy from speculation to innovation.

“Labour has a far-sighted vision for a fairer, more prosperous and sustainable society. Our policies will deliver better jobs and higher wages, affordable homes and opportunities for all New Zealand families,’’ said David Cunliffe.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Post Cab Presser: Inquiries And Consciences

    This afternoon the Prime Minister John Key announced that his cabinet had drafted terms of reference for the Havelock North water contamination inquiry... In response to questions on the Shop Trading Hours Amendment Bill, the Prime Minister said he didn't think allowing National MPs a conscience vote was warranted. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news