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

 


Democrats Say NZ Economy 'Bollarded' Again


Democrats Say NZ Economy 'Bollarded' Again

The latest interest rate rise has been described as a 'barrier' which is how the dictionary defines a bollard.

The Democrats NZ Secretary, Trevor Crosbie, said in Hamilton today that it seems we are back in the 1990s era of brash action designed to smack over prosperity as soon as it rears its head.

"Increases in the local OCR will trigger increases in debt interest rates, which will flow through to the price NZ consumers pay for goods and services" said Mr. Crosbie "Of course there will be a short-term tendency for demand to be dampened in the economy, as people pay more for their mortgages etc, however, given the recent growing use of credit cards expect that sector to show a substantial increase in turnover (and profitability)"

"Once again the Reserve Bank reveals their focus is on containing any expectation of inflation rather than identifying the real driver behind the process of inflation" continued the Democrats Secretary "That driver (of inflation) and associated high tax levels, is the ongoing growth of compounding debt as the foundation of our economic and social infrastructure"

"The use of a non-inflationary debt free funding stream for establishing and rebuilding our national infrastructure, as proposed by the Democrats, would be a step toward eliminating the driver of inflation and also enable taxation to be substantially reduced" concluded Mr. Crosbie.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news