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


"... To Build Our Way Out of Pessimism"

31 October 2000

Media Release

"... To Build Our Way Out of Pessimism"

Unless and until there are some significant policy changes designed to act on the ideas tabled at last week's Government-Business Forum, the dismal economic outlook revealed in the National Bank's October survey of business opinion will not get better - it could get worse!

Whether the issue is R&D, compliance costs, education and training, investment and all the other constructive "circuit breaker" ideas raised by business leaders in workshops and discussion groups with Cabinet Ministers and Senior Officials at the Forum, Government have a simple choice.....

 On R&D: "They can listen to business people who said that the long-term gains from making R&D tax deductible at rates competitive with other countries will be significant, or they can listen to Officials who say there will be a loss of tax revenue in the short-term."

Michael Barnett, Auckland Chamber of Commerce Chief Executive, said if the "way forward" is to take the short-term options, then no one should be surprised if there is no improvement in business confidence.

 Similarly with compliance costs. "Over successive governments, business has been calling for a campaign to reduce compliance costs..... without a circuit breaker, there is no reason for business opinion to improve....

 Education and training. Government must find the circuit breaker to take better control of the type of graduate coming out of universities, if we are to forge a growing knowledge-based economy.

"We need circuit breakers on immigration, investment, and building up the number of export-focused businesses...."

It is plain common sense, said Mr Barnett. "If Government can get itself motivated and organised to respond to the business call for circuit breakers in the areas needed to build a better performing economy, then of course business opinion will respond. But if there are no circuit breakers - then business opinion won't change either. Why should it?"

For more information contact: Michael Barnett, Ph: 021 631 150

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Sir Michael Cullen’s Tax Reform

To ordinary wage and salary earners who (a) watch a slice of their gross income being taxed every week via PAYE and who also (b) pay GST on every single thing they buy, there has been something quite surreal about the centre-right’s angry and anguished reactions to the Tax Working Group’s final report... More>>


89 Cents An Hour: Govt Plans Fix For Minimum Wage For People With Disabilities

IHC is delighted that the Government is looking into replacing the Minimum Wage Exemption (MWE) with a wage supplement to ensure people with disabilities are paid at least the minimum wage. More>>


Te Waihanga: New Independent Commission To Tackle Infrastructure Issues

The New Zealand Infrastructure Commission – Te Waihanga – will be established as an Autonomous Crown Entity to carry out two broad functions – strategy and planning and procurement and delivery support. More>>


Auckland Action Against Poverty: Motels Profit From Housing Crisis

A single motel which charges up to $1,500 per week per room has received over $3 million worth of Government funds to provide emergency assistance, despite never having a Code Compliance Certificate – an offence under the Building Act – and receiving a series of longstanding complaints from occupants... More>>


Gordon Campbell: On The Alleged China Relations Crisis

If New Zealand’s relations with China are ‘deteriorating’ then you still need a microscope to detect the signs... More>>


Environment: Government To End Tenure Review

“Tenure review has resulted in parcels of land being added to the conservation estate, but it has also resulted in more intensive farming and subdivision on the 353,000 ha of land which has been freeholded. This contributed to major landscape change and loss of habitat for native plants and animals,” said Eugenie Sage. More>>


Bell Tolls: Big Changes, Grand Mergers Planned For Vocational Training

“At a time when we’re facing critical skill shortages, too many of our polytechnics and institutes of technology are going broke... More>>


Sallies' State Of The Nation: Progress Stalled In Reducing Inequality

The report shows a lack of tangible progress in key areas including record levels of household debt and a growing gap in educational achievement between poorer and more well off communities. More>>





InfoPages News Channels