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


Peters’ big mouth is harming Kiwi businesses

Paul Goldsmith - Economic and Regional Development

14 May 2019

The spectacle of the Acting Prime Minister Winston Peters trash-talking one of New Zealand’s leading businesses, Fonterra, explains why business confidence continues to plumb new depths under this government, National’s Economic Development spokesperson Paul Goldsmith says.

Mr Peters has been taking pot shots at Fonterra since yesterday, after the news it was selling Tip Top to UK-based Froneri for $380 million.

“If a Kiwi business wants to sell one of its assets in order to put the money into other parts of its business, or to pay back debt, that’s its choice,” Mr Goldsmith says.

“No Kiwi business should have to put up with wild, grandstanding attacks from the Acting Prime Minister, criticising their judgment and implying, impotently, that the deal shouldn’t be allowed to happen.

“Just what is Mr Peters saying? Is he proposing that all foreign investment should be banned? Is he saying that once a Kiwi business owns something it should only ever be able to sell it to locals?

“The reality is, he is doing nothing except having a spray at the expense of what he thinks is a soft target. Just like his colleague Shane Jones does, on a regular basis.

“And is there any wonder that business confidence is so low? Mr Peters co-leads a government that has presided over a dramatic fall in economic growth during the past 18 months, from nearly four per cent down to nearly two per cent.

“The Government likes to blame international events, but as the Reserve Bank Governor said last week, international growth is around average levels and domestic factors are equally important.

“Falling business confidence flows through to less investment. With less investment we get less new job growth. Job growth has fallen off a cliff these past 18 months.

“If Mr Peters wants to ban foreign investment in New Zealand business he has the power to do it. If not, he should give the business leaders of this country the dignity of his silence.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Reforming Parliament’s Toxic Culture

It would be nice to think Parliament was a forum where rationality ruled – and where policies are raised and evaluated in terms of their contribution to the greater good. Obviously, it isn’t like that... More>>

Historic Assualt Allegation: Parliamentary Service Staff Member Stood Down
Rt Hon Trevor Mallard said today: “I do not want to cut across any employment or possible police investigations, but I am satisfied that the Parliamentary Service has removed a threat to the safety of women working in the Parliamentary complex." More>>


Study: Guidelines Needed To Avoid Risks In Government AI

New Zealand is a world leader in government algorithm use – but measures are needed to guard against their dangers. This is the conclusion of a New Zealand Law Foundation-funded report from the University of Otago’s Artificial Intelligence and Law in New Zealand Project. More>>


Pike River: Families Welcome Opening Of Drift

The group representing 29 of the Pike River Families - the Pike River Family Reference Group - has welcomed the unsealing of the mine at a private family event this morning... More>>


Auckland Harbour Bridge: New Design For Walking And Cycling Crossing

The NZ Transport Agency has released plans for its preferred option for a shared path over the Auckland Harbour Bridge which will transform walking and cycling not only across the harbour, but throughout the city. The Transport Agency says its preferred ... More>>


Shaw First Reading Speech: Climate Change Response Bill

Madam Speaker, today we begin the task of amending the Climate Change Response Act [2002], to fulfil the commitment that we have made, as a country, to limit global warming to no more than 1.5 degrees Celsius above pre-industrial levels. More>>


Housing: More Unsold Kiwibuild Houses Bought By Govt

The Crown underwrite for unsold Kiwibuild homes has been triggered for a second time. Now lack of sales in Mike Greer's development in Canterbury and Auckland means the government has had to buy back seven more homes. More>>


camouflageGordon Campbell: Why We Shouldn’t Genuflect To Security

Reportedly most (and possibly all) of the Royal Commission investigation into the Christchurch mosque shootings will be closed to the general public and to the media… More>>




InfoPages News Channels