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

Werewolf: John Pilger, And Making War On China

In July, the New Zealand Defence Force is scheduled to join the latest round of Talisman Sabre, a huge training exercise that Australia carries out biennially in conjunction with all four arms of the US military.

Last time around in 2015, New Zealand contributed 650 personnel, 45 vehicles and two of our $NZ771 million dollar fleet of NH90 helicopters to this regional war game.

What’s weird is that Talisman Sabre is actually a rehearsal for an assault on China and its ability to defend itself. More>>

ALSO:

 
 

Urban Planning Report: Momentum Grows To Replace The RMA

A major new report from the Productivity Commission lays the foundation for action on the growing political consensus that the Resource Management Act and associated laws are failing both cities and the natural environment and need a complete rewrite. More>>

ALSO:

Vaping: Quitline Supports Decision To Legalise Nicotine E-Cigarettes

Today Associate Minister of Health, Hon Nicky Wagner has announced that Government are taking the proactive step of legalising nicotine e-cigarettes, a move which Quitline is pleased to hear and support wholeheartedly. More>>

ALSO:

Gordon Campbell: On The Labour/Greens Deal (And The NZDF)

If Labour and the Greens were hoping their Budget Responsibility Rules (BRR) agreement would foster an unlikely alliance then hey… mission accomplished! Because it isn’t every day that Sue Bradford, the CTU and Matthew Hooton speak with one voice, as happened yesterday. More>>

ALSO:

Until After The Election: Extension Of Report-Back Date For Havelock North Inquiry

Attorney-General Christopher Finlayson announced today that the report-back date for the independent Inquiry into Havelock North Drinking-Water has been extended at the request of the Inquiry’s Panel. More>>

ALSO:

Little Heading For Court: Apology Over Donation/Hotel Contract Claims Not Accepted

Today I want to publicly apologise unreservedly to Mr Hagaman for any hurt, embarrassment or adverse reflection on his reputation which may have resulted from my various media statements. I have offered that apology to the Hagamans. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news