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

Max Rashbrooke: On How To Make Government
More Open

It’s true that New Zealand scores well on many international rankings of openness... Those findings are all important, and welcome. But we cannot ignore the fact that there are still serious problems.

For a start, those international surveys, while often complimentary, have also pinpointed major weaknesses: political donations are badly regulated, for instance, and appointments to government boards frequently go to those with strong political connections. More>>

 
 

In Court: Hamilton Student's Lawsuit Over Climate Change Policy

A law student from Hamilton is preparing to challenge the Government in the High Court on Monday over what she says is a “failure” to properly address climate change. More>>

ALSO:

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement. As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

ALSO:

Visions: National Party Conference

National Party leader Bill English today outlined his vision to take New Zealand into the 2020s and his key priorities for the next Parliamentary term – including further raising incomes and reducing taxes. More>>

ALSO:

Ombudsman: Canterbury Schools Reorganisation Mishandled

An investigation into the Canterbury schools reorganisation after the February 2011 earthquakes has found significant gaps and flaws in the Ministry’s engagement and communications with schools and communities. More>>

ALSO:

Law Commission: Contempt Report "Protects Right To Fair Trial"

The proposed Act limits what news media representatives and bloggers can report on court proceedings, but it also makes clearer than the current law where the line is between contempt and freedom of expression. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog