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

 


Fall in dairy prices reinforces need for Economic Upgrade

Fall in dairy prices reinforces need for Economic Upgrade


The overnight drop in milk prices combined with yesterday’s fall in commodity export prices reinforces the need for Labour’s Economic Upgrade, says Labour’s Finance spokesperson David Parker.

“Even before this latest price drop, when our terms of trade were at a 40-year high, we still didn’t earn enough from our exports to pay for our imports and interest. National’s credibility on exports is in tatters.
“They promised to increase them to 40 per cent of GDP. Instead they’ve dropped since they took office to 29 per cent of GDP and are expected to drop further to 26 per cent.

“This is more proof of the need for Labour’s Economic Upgrade. This includes a capital gains tax, excluding the family home, to encourage investment away from property and into productive exports.

“Labour’s Economic Upgrade will boost investment, innovation and industry to turn New Zealand’s economy from one reliant on raw products to one that is high value, high tech and creates better jobs with higher wages,” says David Parker.


ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Make NZ Make Again: Greens Will Establish A Minister For Manufacturing

The Green Party announced today that it will establish a Minister for Manufacturing in Cabinet, to better represent the interests of manufacturers and ensure they thrive. The Minister will be inside Cabinet and have responsibility for the long-term interests of the manufacturing sector. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news