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

 


Economists’ warnings show need for Economic Upgrade

Economists’ warnings show need for Economic Upgrade

Warnings from senior economists back up Labour’s concerns our economy is too reliant on the Canterbury rebuild and Auckland’s housing market, which is a combination that could see the economy end up ‘on the rocks’, Labour Leader David Cunliffe says.

“Labour has been clear with New Zealanders that National’s overreliance on dairy and disaster is not a real recovery and is in fact hurting other sectors and limiting export growth.

“New Zealand needs a diverse and vibrant economy, not one that relies on rebuilding Christchurch, the price of milk in China and puts money in the hands of Auckland property speculators.

“The recent dramatic falls in dairy and wood prices shows the failings of National’s policy and the resulting halving in growth. New Zealanders are missing out on the recovery with less than half getting a pay rise last year.

“Export figures out today showed a monthly drop of 7.5 per cent, led by the fall in dairy and raw log exports.

“This is why New Zealand needs Labour’s Economic Upgrade that focusses on investment, innovation and industry to diversify our economy, boost exports and create better jobs with higher wages.

“We will increase investment through universal KiwiSaver and use a capital gains tax – excluding the family home – to direct it to productive businesses and jobs.

“We will boost innovation through research and development tax credits and tax incentives to encourage investment in new technology.

“We will support crucial industries through upgrade plans for sectors such as forestry, manufacturing and ICT.

“That’s the only way we can ensure long-term growth and a better economy for all New Zealand.

“It’s not just Labour and senior economists who are concerned about our economy’s future. New Zealanders are increasingly worried that this is as good as it gets,” David Cunliffe said.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On Anne Tolley’s
Callous Folly

Years ago, I remember someone in the Heath Ministry telling me off the record that regulatory oversight in this country largely consisted in ‘waiting for something to turn green or fall off somebody’ before the authorities would swing into action...

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

 

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Housing MPs: New Building(s) For Parliament

A new building will be erected on Parliament grounds to house Members of Parliament and their staff who currently work in leased accommodation in Bowen House. The plan has cross-Party support, apart from NZ First, said Parliament’s Speaker, Rt Hon David Carter. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news