Manufacturing policy welcomed
“Today’s announcement of Labour’s manufacturing policy is very welcome,” says CTU Economist Bill Rosenberg. “Just as many other developed countries are realising, having a strong manufacturing sector pays off in good jobs, retaining skilled workers, increasing productivity, and strengthening exports of both goods and services.” Said the CTUs Economist Bill Rosenberg.
“We particularly welcome moves to boost the use of government procurement to support local firms, broaden the objectives and tools of monetary policy, and a capital gains tax. These can have wider benefits. Specific sector policies are also vital.” Rosenberg said.
“In assisting businesses, it is important that Labour is pledging not to compromise workers’ rights, which is in contrast to the current Government’s approach. Improved employment laws are essential to ensure the benefits of a growing economy improve workers’ wages and conditions.” Rosenberg said.