GDP Fall Shows Shows Need For Economic Direction
GDP Fall Shows Need For Positive Economic Direction
Friday 24th Sep 1999
Media Release -- Economy
ACT Finance Spokesman Rodney Hide said
today's GDP result showing the
economy contracting in the June quarter strongly reinforced the need for
consistent and positive economic direction from Government.
to remember that if our economy isn't working neither
New Zealanders who need jobs.
"Government must be
pro business and pro jobs. We also need to reign
in wasteful Government expenditure that is proving such a drag.
"What we need is a five year programme to drop the
top rate of tax to 20
"New Zealand businesses
are looking to the positive moves of the
Australian Government this week in cutting the tax rate. That move is about
creating jobs and boosting economic growth. National must stop
dithering and commit to doing the same.
"Labour's plans to 'change direction' and head
back towards the 1970's
just aren't feasible.
says we have to set a positive economic direction that
forward, making it easy to do business and employ people, to grow the
economy and create much needed jobs," said Rodney Hide. ENDS
information visit ACT online at http://www.act.org.nz or
the ACT Parliamentary Office at email@example.com.