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


Chilling effects on business piling up

Chilling effects on business piling up

The Government’s naïve and muddled decision-making is hurting business and investment confidence across the economy, Leader of the Opposition Simon Bridges says.

“Officials’ advice revealed today that banning offshore oil and gas exploration would have a ‘chilling effect’ on investment in that sector was just the tip of the iceberg when it comes to bad decision-making.

“While the Finance Minister trumpets economic conditions gifted to him by a competent and careful Government, New Zealand’s changed country risk profile just eight months into this Government means investment in productive sectors is essentially on negative watch.

“This Government’s reckless pursuit of ideology over common sense, such as today’s announcement of an intention to bring in so-called Fair Pay Agreements – which really signals a return to National Awards – is having a marked effect on business confidence.

“Week after week Grant Robertson cherry-picks the narrow elements of each business confidence survey he thinks he can positively spin, despite the headline feedback being clearly negative and New Zealand’s reputation as a good place to do business suffering.

“It’s not only issues like the short-sighted nature of the Government’s decision on offshore exploration, but also the callous lack of regard for due process in making it.

“In that case we’ve seen ideology and cheap headlines trump common sense in a move that won’t lessen global emissions – ironically it will probably make them worse – while a similar lack of thought on restricting residential land to foreign investors, regardless of the value their wider investments would have brought to New Zealand, is also hurting our economy.

“Property developers with links offshore can’t fund new subdivisions and apartments lest they get caught by the impending Overseas Investment Amendment Bill, meaning first-home buyers are getting stiffed by a Government that promised them salvation.

“Meanwhile only risk-takers with very deep pockets will be investing in primary industries with a myriad uncertainty over water taxes, stock numbers and a Government that doesn’t support large scale water storage.

“And all the while the trades unions rub their hands with anticipation at the prospect of cross-sector collective bargaining, which if implemented will entrench workplace disruption and rob our exporters of their competitive edge.

“Returning to 1970s-style union-dominated collective bargaining will hurt the 82 per cent of workers who aren’t union members by reducing their employment flexibility and will add unnecessary costs to their employers.

“Only a National-led Government which understands the importance of stability, a productive economy and enhancing rather than harming our international relationships can put New Zealand back on the right track.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

World Refugee Day: What 7 Former Refugee Kids Love About New Zealand

New Zealand resettles 1,000 refugees each year (a number set to increase to 1,500 by 2020). More than half of these people are children under 18.

RASNZ, a specialist mental health and wellbeing service provider for people from refugee backgrounds, wanted to know what some of these young people thought of their new lives as kiwis.

They asked 7 members of their specialist youth service (along with two staff members who work with refugee background youth) how they felt about New Zealand – and filmed the responses. More>>


Gordon Campbell: On A New Obstacle To The 'Hit & Run' Inquiry

With a minimum of publicity, a High Court ruling hit the tarmac last week concerning the use of security information that – if left unchallenged – could well cripple the recently announced government investigation into the Hit & Run allegations. More>>

DHB Offer Rejected: NZNO Seeking Urgent Mediation

The latest revised DHB MECA offer has been strongly rejected by NZNO members. However, Industrial Services Manager Cee Payne says that as nursing and midwifery is an essential service, mediation or facilitation will begin with urgency. More>>


Give Nothing To Bob Jones: Fundraiser For Filmmakers’ Defence Fund

Community campaigning organisation ActionStation have launched a Givealittle fundraising campaign in support of filmmaker and mum Renae Maihi. More>>


Building Bridges: National's Climate Commission Support Welcomed

Generation Zero welcomes the recent announcement by Opposition Leader Simon Bridges that he wants to take the politics out of climate change and work with other Parties to create an Independent Climate Change Commission. More>>


PSA Win: Living Wage For Core Public Service Employees

PSA members in the public service have secured a big victory - with all employees winning the right to be paid at least a Living Wage. State Services Minister Chris Hipkins says there will be a one-off adjustment in pay from 1 September, with all employees receiving an hourly rate of $20.55 ($42,744 per annum). More>>





Featured InfoPages