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

 

PARLIAMENT TODAY:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Labour: New Figures Show Speculators Rampant

New figures released by the Reserve Bank show there’s been an explosion in mortgage lending with most of the growth going to property investors, Labour’s Housing spokesperson Phil Twyford says. More>>

ALSO:

False Official Information Response: English's Apology Accepted

Finance Minister Bill English is being thanked for his apology to New Zealand First Leader and Member of Parliament for Northland Rt Hon Winston Peters... Mr English says his staff and the Treasury have searched again, and they found the document that they denied having. More>>

ALSO:

Midwives On Pay Equity: Historic Bill Of Rights Case For High Court

“We have been left with no choice.” That from Karen Guilliland, the Chief Executive of the New Zealand College of Midwives, as the organisation prepares to file a pay parity discrimination case on the basis of gender under the NZ Bill of Rights Act in the High Court. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news