Parliament

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

 

Labour tries to curry favour with export guarantee

Labour's promise of export guarantees and export credit financing schemes was a last-ditch effort to curry favour with business, Treasurer Bill English said today.

"Having dumped on employers with its insistence on reversing the ACC changes and repealing the Employment Contracts Act, Labour is now trying to buy back a bit of support with promises of export credit guarantees.

"Businesses have given a resounding thumbs down to Labour's plans. Helen Clark and Michael Cullen are being told in no uncertain terms that businesses do not want to see the ACC changes reversed, nor do they want to see the ECA repealed.

"So what does Helen Clark do? In the best tradition of left-wing ideologues, she announces another government scheme.

"Ms Clark gives the misleading impression that export credit guarantees will assist all small and medium business. But they aren't available to every business. Only selected businesses who are exporting to countries where there is a high risk they won't be paid qualify for the guarantees.

"These schemes are in place in a number of countries, and have been tried in New Zealand, but the experience is that they generally loose oodles of money - for instance $30 billion over OECD countries between 1985 and 1989.

"National believes it is better to leave more money in the hands of each business in the first place. That's why we have changed ACC and left $200 million a year with business and why we are going to bring the company tax rate down in the next three years, which will put another $360 million back into businesses.

"This adds up to more than half a billion dollars and it will go a lot further than the $100 million that Labour has promised for businesses," said Mr English.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election