Parliament

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

 

Government in denial on the economic slowdown

The Government has its head in the sand on the economy and the effect its policies are having on business confidence, National’s Finance Spokesperson Amy Adams says.

“The Government’s anti-growth policies are starting to do real harm to real New Zealand families. It’s time they acknowledge they are doing harm and listen to the concerns of New Zealand businesses.

“Since the Government has taken office GDP per capita has slowed down considerably, growth forecasts have been downgraded by all the major banks and economic agencies, job growth has fallen by 60 per cent, and in the last three months unemployment increased by 4000 people.

“These figures represent an extremely worrying trend, driven by anti-growth policies such as union-friendly industrial relations reforms, higher taxes, shutting down the oil and gas industry and banning foreign investment.

“And yet the Prime Minister refuses to acknowledge the Government’s role, instead dismissing business confidence as just ‘perception’. It just shows how disconnected this Government is from the realities facing hard-working Kiwis.

“On the back of plummeting business confidence the Treasury has taken the unusual step of talking down GDP growth.

“With real economic indicators now showing the economy is beginning to stall and opportunities for New Zealanders beginning to dry up, the Government needs to accept responsibility for the slowdown and drop its anti-growth policies that are damaging the New Zealand economy.

“When businesses are uncertain and not willing to invest or hire new workers, then GDP growth slows down. And when GDP growth slows down, Kiwis miss out on higher wages and better living standards.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>

ALSO:

Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>

ALSO:

Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>

ALSO:

Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>

ALSO:

Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels