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

 


Former Reserve Bank Governor Sees Merit in Labour’s Policy

Former Reserve Bank Governor Sees Merit in Labour’s Monetary Policy

Former Reserve Bank Governor Dr Don Brash told TVNZ’s Q+A programme that he sees some merit in Labour’s monetary policy.

“I do see some merit in the scheme. Labour has recognised that there's a need for another instrument to get some pressure off the exchange rate and i think it's a sensible thing to do. Will it work, I'm not sure?”

But Dr Brash isn’t keen on Labour’s proposal to make KiwiSaver compulsory.

Earlier, Labour Leader David Cunliffe told Q+A the move to a compulsory savings rate of 9 percent would be slow and gradual.

“The movement into compulsory KiwiSaver and the gradual increase in the contribution rate will be very gradual, very slow, half a percent to one percent a year. We do not want to see people's real incomes going backwards.”

He says KiwiSaver would not be guaranteed by the Government:

“But people will have the choice to put them in very low or very moderate risk investments, and because this is broad based across the economy and there will be a large number of institutions involved, we think that risk will be extremely low.”

He promised the new monetary tool would benefit all New Zealanders:

“Lower income New Zealanders will benefit from having lower rents. Those who have their own homes will have lower mortgages, they’ll also have higher wages starting with an immediate increase in the minimum wage to $15 and then a second increase during our first year in government. Many will find themselves at least on the living wage across the state sector.”

You can view the full interview here.

http://tvnz.co.nz/q-and-a-news/ta-tvnz-index-group-2556429

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Cunliffe’s Last Stand

Right now, embattled Labour leader David Cunliffe has three options. None of them are particularly attractive for him personally, or for the Labour Party.

In scenario one, Cunliffe could resign immediately and trigger a leadership vote among the caucus, the party membership and unions affiliates. This would be a high risk gambit in that it would pre-empt any review of the Labour election campaign and would be likely to open up new divisions.

While one can safely predict the caucus would vote against Cunliffe, the wider party and union response would be unpredictable, given that Cunliffe (ineptly) ran a centrist neo-Goff/Shearer campaign this year and not the left wing campaign that those who voted him into the leadership were expecting him to pursue. More>>

 

Gordon Campbell: On Labour’s Very Bad Year

While Labour leader David Cunliffe still appears to be in denial about the extent of Saturday night’s debacle, there was hardly a single redeeming feature about the election results for the centre-left... More>>

ALSO:

General Election NZ: National Win

Election Night: With almost all votes counted National and John Key have won a third term and are close to being able to govern alone if they so choose. Key has indicated he will still reach out to form a Government with ACT, United Future and Maori Party. More>>

ALSO:

Perfectly-Timed Anniversaries: Suffrage Day Is Last Chance To Enrol

“The last chance to enrol is Friday 19 September. You can’t enrol on election day.” More>>

ALSO:

Gordon Campbell: On First Time Voting (Greens)

For the last two days, I’ve turned my column over to a couple of guest columnists who are first time voters… Today’s guest columnist is Ana Avia-O’Connor, who will be casting her first time vote on Saturday for the Greens. More>>

ALSO:

Meddling: Aussie Liberals Embroiled In Key Campaign

John Key needs to explain why Australia’s Liberal Party is interfering in New Zealand domestic politics and is encouraging Kiwi voters across the ditch to vote for National just days out from the election, Labour’s campaign spokesperson Annette King says. More>>

ALSO:

SURVEILLANCE:

Election Ad Soundtrack: Rapper Eminem Sues National Party Over Copyright Breach

US rapper Eminem is suing the New Zealand National Party for alleged copyright infringement over unauthorised use of the rapper’s ‘Lose Yourself’ song in an election campaign advertisement. More>>

ALSO:

Big March: Call For An End To Domestic Violence

Hundreds of protesters marched down Lambton Quay to Parliament Monday calling for an end to domestic violence. Wearing white facemasks, waving banners and calling for “safety” for the women and children of New Zealand.. More>>

ALSO:

Pre-Election Chartering: Four New Partnership Schools To Open

Education Minister Hekia Parata today announced the Government has signed contracts to open four new Partnership Schools in 2015. More>>

ALSO:

Werewolf 50 Out Now - The Election Issue: Loss Leaders

Gordon Campbell: A third term requires a mature decision, with eyes wide open. It calls for a conscious vote of confidence… Without trying hard here are about 19 reasons, in no particular order, for not ticking ‘party vote’ National. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news