Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Importers Call for Cullen's Head


Press Release from The Importers Institute

For immediate release

Importers Call for Cullen's Head

"For the good of New Zealand, the Minister of Finance must go," Importers Institute Secretary Daniel Silva said today, as the New Zealand dollar continued collapsed below 42 US cents, its lowest-ever value.

"Importers are concerned that this is not just a fall against a strong US dollar. Our currency is also sinking against the Australian and Japanese currencies - and just about every other currency you care to name.

"The collapse of the dollar shows that investors, both here and overseas, are responding to the economic policies of this government by sending their money elsewhere. It is a clear vote of no confidence in the economic policies of the Labour/Alliance coalition.

"It also means New Zealand is on the way to becoming a source of cheap labour for Asia," said Silva.

"New Zealand's GDP per capita is now about half Singapore's and 60% of Hong Kong's. In the month of August alone, the dollar dropped 8% against the Japanese yen.

"A competent government faced with these facts would at least consider the possibility that it, rather than every other government in the developed word, is heading in the wrong direction. But not this government.

"Mr Cullen has no solutions and appears to be in denial," Silva said. "When confronted with a collapse in business confidence, he promised that the government would listen to business."

"We now know that this was an empty promise. It will not work a second time - that is why he must go."

Ends

For further comment, call Daniel Silva, Tel 09 302 9569, 021 877 015


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>

 

Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>

ALSO:

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels