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


Govt's credibility gap on the economy

Even as both the global economy and New Zealand’s economy slow, the Prime Minister continues to push terrible economic policies, says ACT Leader David Seymour.

“Jacinda Ardern giving a speech about the economy is like Donald Trump talking about feminism. The Government has a massive credibility gap on economic policy.

“While the PM acknowledged the world economy was slowing and that this would have an impact on New Zealand, she continued to press the case for a ‘fairer’ tax system, a heavy-handed Zero Carbon Act, and poor-quality spending.

“The IMF and the OECD tell us the world economy is slowing. There was no growth in New Zealand’s GDP per capita in the September 2018 quarter and unemployment has ticked up to 4.3 per cent. New Zealand’s biggest bank – ANZ – has said ‘the economy is clearly coming off the boil’.

“Yet Labour wants to hit successful New Zealanders with a capital gains tax. This will reduce saving and investment in productive assets like shares and small businesses and will hurt the economy and workers.

“The PM also spoke about the Zero Carbon Act which every party – including National – is likely to agree to. NZIER suggests GDP growth will be in the range of 10 per cent to 22 per cent less in 2050 as a result of the Zero Carbon Act. Only ACT opposes this legislation.

“New costs and more red tape are on the way with a minimum wage that will rise to $20 by 2021 and new industry-wide collective bargaining that will make firms less competitive.

“The Government has also banned oil and gas exploration and turned foreign investors away. Foreign investors are looking on aghast.

“The PM also told the business audience she wants more kids in trades. Fees Free undermines this goal. When university and trades training cost the same, students are more likely to choose university.

“Then we have Shane Jones’ $3 billion slush fund. New Zealanders are paying higher taxes so NZ First can dispense patronage to buy political support.

“The business audience would have scratched their heads at the PM’s five Wellbeing Budget priorities – they have little to do with a thriving economy. Ardern and Robertson should be tackling the basics rather than babbling about kindness and wellbeing.

“ACT has a sharply different view of the world. We stand for opportunity through freedom. Low and flat taxes, less red tape, an education system in which there is competition and choice, and allowing the private sector to build more homes.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Joseph Cederwall: The End Of ‘Objectivity’ In Journalism

... and the dawn of something much better?
2019 looks like it might well be another really bad, terrible, not so good year for the traditional journalism model globally. Already in January three leading US digital outlets—BuzzFeed, the Huffington Post, and Vice announced layoffs that have left many accomplished journalists unemployed. Consolidation of journalism looks set to continue unabated as larger (sharky) media conglomerates swallow up smaller players globally. We also appear to be witnessing the death throes of the concept of ‘objective’ truth in journalism. However, perhaps that is not at all as bad as it sounds, and we are just finally waking up to the reality that it never really existed in the first place... More>>


Environment: Government To End Tenure Review

“Tenure review has resulted in parcels of land being added to the conservation estate, but it has also resulted in more intensive farming and subdivision on the 353,000 ha of land which has been freeholded. This contributed to major landscape change and loss of habitat for native plants and animals,” said Eugenie Sage. More>>


Bell Tolls: Big Changes, Grand Mergers Planned For Vocational Training

“At a time when we’re facing critical skill shortages, too many of our polytechnics and institutes of technology are going broke... More>>


Sallies' State Of The Nation: Progress Stalled In Reducing Inequality

The report shows a lack of tangible progress in key areas including record levels of household debt and a growing gap in educational achievement between poorer and more well off communities. More>>


Party Politics In Tax Morale Survey: SSC To Seek Answers From IRD

Minister of State Services Chris Hipkins has today asked the State Services Commissioner Peter Hughes to examine IRD’s reported inappropriate use of a public survey. More>>


Health: Prohibiting Smoking In Vehicles Carrying Children

Under the change, Police will be able to require people to stop smoking in their cars if children (under 18) are present. Police will also be able to use their discretion to give warnings, refer people to stop-smoking support services, or issue an infringement fee of $50... It is expected that this amendment will become law by the end of 2019. More>>


Waitangi Day: Nationwide Events Commemorate Treaty Signing

“From large-scale events attracting tens of thousands of people such as those at Hoani Waititi Marae in Auckland and the Porirua Waterfront, to smaller gatherings in areas as far flung as the Chatham Islands and to the significant commemorations at Waitangi, these events are an opportunity for us to reflect on the signing of the Treaty of Waitangi.” More>>





InfoPages News Channels