Tuesday, 4 December 2018, 10:42 am Press Release: ACT New Zealand
Winston Peters’ comments that the menswear industry
is ‘fleecing’ customers shows how out of touch he really
is, says ACT Leader David Seymour.
"Mr Peters is
well-known for enjoying the finer things in life and this
undoubtedly extends to his sartorial taste.
"But if he
were in touch with the common bloke, he would know that
successful Kiwi company Hallensteins offers men’s suits
for $200, proving there is plenty of competition in the
menswear industry.
"He really should ditch his personal
tailor.
"Peters also suggests the banking industry lacks
competition. Kiwibank - set up by the Clark Government - was
supposed to fix this.
"What will the Commerce Commission
achieve that an additional government-owned competitor
hasn’t been able to?
"Peters’ comments show how the
Commerce Commission’s new powers will be misused for
political purposes.
"Politicians and bureaucrats will turn
on industries they don’t favour, tying them up for months
or even years in paperwork, without delivering better
outcomes for
consumers."
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