Parliament

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

 

GDP figures indictment of government

Labour
2000 web site

"The latest growth figures are much worse than any commentators were expecting and are an indictment of National's economic performance," Labour finance spokesperson Michael Cullen said today.

Dr Cullen was commenting on the GDP result for June showing the economy contracted by -0.3 percent over the quarter.

"The results have to be treated with some caution given that they relate to only one quarter and may be subject to later revision. But they do nothing to support National's claims that the economic recovery is strong.

"Taken together with yesterday's balance of payments result, showing a massive deterioration in the current account deficit between March and June, and the August merchandise trade data released today showing imports still galloping ahead of exports, the picture which emerges is poor indeed.

"It shows National's hands-off management and privatisation, cost-cutting agenda has reached the end of its useful life and has conspicuously failed to produce the sustainable growth New Zealand needs.

"It also makes nonsense of Bill English's claims that the economy can sustain - or would benefit from - another two rounds of tax cuts. The evidence of the last two years is that tax cuts give only a temporary stimulus while putting more pressure on New Zealand's already fragile external accounts," Dr Cullen said.

"It is unfortunate for National, but appropriate, that these figures should come out within days of the Prime Minister announcing the election date. They should become the epitaph of this sorry government.

"Any plans National had to campaign on its economic record are now ridiculous. Its bankruptcy of ideas stands cruelly exposed.

"The country desperately needs the change of economic direction and economic leadership Labour would provide," Dr Cullen said.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Principals' Federation:
End Of National Standards

Today the Minister of Education announced that the Government has stopped the controversial National Standards system of assessment and declared them an arbitrary measure which did not raise children's achievement as the previous Government intended.

"This is such a win for all the principals who never believed in national standards and who, for the past decade, have argued for what is morally right for our nation's young people and their learning," said Cormick. More>>

 

Public Good: People’s Report On Public Broadcasting And Media Presented

The People’s Commission on Public Broadcasting and Media, was crowdfunded and was informed by an extensive consultation, seeking the views of both those working in Media as well as gathering input both online and in person from ordinary Citizens. More>>

ALSO:

RBNZ To RNZB: PM's Press Conference

Prime Minister Jacinda Adern was joined by Minister of Finance Grant Robertson and Minister for Children Tracey Martin to announce the appointment of Adrian Orr as the new Governor of the Reserve Bank and the name change of the Ministry for Vulnerable Children to ‘Oranga Tamariki - Ministry for Children’. More>>

ALSO:

'Taming Globalised Capital': Why Is Labour Supporting Investment Rules In WTO?

‘Today, we learned the new government has added New Zealand’s name to a proposal designed to lead to foreign investment rules in the WTO at this week’s ministerial meeting in Argentina,’ said Auckland University Professor Jane Kelsey. More>>

ALSO:

Gordon Campbell: On The Politics Of Scaring Voters Back Into Line

Fear has always been a useful mobilising tool in politics… yet in 2017, bogeymen of all shapes and sizes seem to have fallen on hard times. For years, the National party had painted itself as being the only reliable defensive bastion against the terrifying prospect of a centre-left government… More>>

ALSO:

Gordon Campbell: On Drinking Water As A Failure Of Political Leadership

It is almost possible to feel sorry for the Health Ministry in their terrible, no good, very bad week... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages