Parliament

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

 

Reserve Bank Report Card Shows Why John Key Resigned

Reserve Bank Report Card Shows Why John Key Resigned

NZ First says a Reserve Bank report has blown apart the sham economic credentials of the National-led Government.

“Under National what are down, exports and productivity, ought to be up but what should be down, namely the dollar, imports and immigration, are all way up,” says New Zealand First Leader and Member of Parliament for Northland, Rt Hon Winston Peters.

“It is common sense that you cannot import your way to economic growth but this government has fallen in love with the high dollar and the illusionary wealth it creates.

“National is not right when a high dollar just widens the worst current account deficit since 2008 - the difference between what we sell and what we import. Today, one dollar in every three now hinges on imports and at 34% of the economy this is the highest ever level.

“That high dollar has seen exports crash and they are the goods and services which pay our way in the world. It is further reflected in the worst levels of business investment under this allegedly National Government, than in any of the past three ‘economic expansions.’

“While immigration growth smashes record after record our per-person productivity growth has fallen in almost direct proportion. National may think importing checkout operators from the third-world can grow the New Zealand economy but NZ First has always seen the economic naivety of that approach.

“Now we are beginning to learn why Sir John Key pulled the pin on his parliamentary career,” says Mr Peters.

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog