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

Open Source // Open Society - Full Coverage

GCSB's China Shopping: Key Damages China Relationship

Evidence that the Key Government recklessly approved a GCSB spying operation to intercept Chinese diplomatic communications between offices in Auckland will pointlessly damage our relationship with China, the Green Party said today.

The latest Snowden documents detail plans by the New Zealand spy agency, the Government Communications Security Bureau (GCSB), to tap Chinese diplomatic communications between their two consular offices in Auckland. The papers don’t reveal if the operation, a joint project with the US National Security Agency (NSA), went ahead but we have no reason to think it did not. More>>

 
 

PARLIAMENT TODAY:

Press Conference: ANZAC PMs Concerned About ISIL Bringing The War Home

Prime Minister Key and Prime Minister Abbott spoke of the bond formed between Australia and New Zealand in the “baptism of fire” of Gallipoli. Abbott stated that New Zealand and Australia’s values and interests are linked, and this is reflected in the joint operation in Iraq which will begin shortly. More>>

Gordon Campbell: On The Reserve Bank And Auckland Housing>

The ‘crisis – what crisis?’ response by the government to the Auckland housing price bubble is no longer acceptable. So says Reserve Bank governor Grant Spencer... More>>

ALSO:

Bangladesh: GCSB Dragging NZ Into Human Rights Abuses

The New Zealand government should stop providing intelligence assistance to Bangladeshi security agencies that are known to systematically engage in human rights abuses, said the Green Party today. More>>

ALSO:

Troops Heading To Iraq: Government Must Come Clean On Deployment

New Zealanders deserve more than to hear about their troops’ deployment overseas from Australian media, Opposition Leader Andrew Little says. “News from Australia that Kiwi troops are on their way to Iraq this week is another example of the culture of secrecy and unknown protections around the deployment.” More>>

ALSO:

Image: Strikers And Protestors Join Outside McDonald's

A group of protestors took to McDonald’s Manners St today as a part of the international fast food workers day of action to end zero hour contracts. More>>

ALSO:

Greens: Special Education Funds Not Spent

More than $32 million of funding for children with special needs has not been spent by the Government, despite families of children with special needs complaining for years that they’ve been denied the support they deserve. More>>

ALSO:

John Key: Pre-Budget Speech To Business NZ

So this Government will remain relentlessly focused on improving the competitiveness of our economy... We will continue to give businesses a platform to invest, grow and create jobs in the knowledge they will be backed by a clear and consistent government policy programme. More>>

ALSO:

Multimedia: Andrew Little’s Response To John Key’s Pre-Budget Address

Labour Party leader Andrew Little spoke today on John Key’s pre-budget address this afternoon in Wellington. Little said National has had seven years to achieve a surplus and Kiwis have “fufilled their end of the bargain.” More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news