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Save, Export And Keep Assets Says Peters

Rt. Hon Winston Peters Leader NZ First

October 2 2011


Rt. Hon Winston Peters says a savings plan, increased exports and keeping state assets and farmland in New Zealand hands are needed for the country’s economic survival for the next three years.

New Zealand First has released an outline of its economic policy, which will be announced at the start of the election campaign later this month.

The savings plan includes savings incentives such as tax breaks and security of investment. Savers will not be taxed heavily twice on approved investments.

Exporters will be given increased assistance for producing value-added goods and currency rates will be kept within a broad band that prevents wild fluctuations.

Sales of state assets will be stopped and special safeguards will be written into legislation protecting rivers, lakes and waterways used for hydro-electric power generation.

Farmland will be kept in New Zealand ownership.

Mr. Peters says both National and Labour have dragged the chain for decades over a comprehensive savings scheme for New Zealanders.

“In fact both parties rubbished the New Zealand First scheme proposed fourteen years ago and there is no doubt now that scheme would have saved us.

“We have to help people save and our policy will take a long hard look at GST and taxation rates so we can beef up a revamped savings scheme and get real investment money in the bank.”

Mr. Peters says the economic plan means exporters will make money from foreign currency – not the speculators who cause wide fluctuations in the value of the dollar.

“We will also own our assets so that the profits will come to New Zealand and benefit local communities – not the communities of Australia, the United States, Britain and China.

“It’s time for some leadership and control. We cannot afford to muddle around while the country sinks into further credit downgrades,” said Mr. Peters.


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