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

 

Q+A: Andrew Little interviewed by Jessica Mutch

Q+A: Andrew Little interviewed by Jessica Mutch

Labour leader Andrew Little told TV One’s Q+A programme that he stands by his threats to ‘stiff-arm’ the banks into passing OCR cuts on to customers.

‘I stand by the stance I took, which is to get very heavy-handed with the banks. Because the truth is when the banks fail to follow the signal that the Reserve Bank is sending, that’s keeping money out of the back pockets of ordinary Kiwis, and I will always fight for their interests and for their rights. If the banks don’t want to play ball when it comes to the way we run our monetary policy, actually, there’s only one outfit that can really take them on, and that’s the government.’

But Mr Little wouldn’t be drawn on whether his position was pre-planned policy.

JESSICA Threatening to legislate, though, is that something that you’d been planning on speaking out for a long time? Is that something that you guys had had discussions on?

ANDREW No, it was about sending a signal--

JESSICA So you hadn’t formulated this policy?

ANDREW It’s about sending a signal that when one of our most important measures we have – one of the very few measures that the government or a government agency has to assist the economy as it’s slowing down, get a bit of impetus going – and the overseas-owned trading banks just cock a snook at it, you actually do have to respond. The government should’ve responded.

JESSICA But my question is – is this a policy you had been looking at for a long time?

ANDREW The approach that I will take and in fact was signalling in that statement is that we’re not going to accept it if the trading banks want to come here, not follow the signals that the Reserve Bank is sending. Because that starts to undo one of the fundamental basis of our economic system. We want to run monetary policy. That’s what we give the Reserve Bank the job to do. If the trading banks don’t want to play ball, then you’ve got to get heavy-handed with them.

JESSICA Not answering the question makes me feel like it isn’t something you’ve been looking at for a long time. Were you caught out on this policy a little bit?

ANDREW I think what some people might be having difficulty coming to grips with is that I believe that a government is there to govern, that when the interests of ordinary New Zealanders are put at risk because, in this case, a bunch of corporates decided they just don’t care about it and they want to maximise their profit, actually, the role of government is to govern and make sure things are happening in the best interest of New Zealanders. And I don’t shrink from that at all, and somebody’s got to be the voice for that, and I’m happy to be it.

Q+A, 9-10am Sundays on TV ONE and one hour later on TV ONE plus 1. Repeated Sunday evening at 11:35pm. Streamed live atwww.tvnz.co.nz

Thanks to the support from NZ On Air.

Q+A is on Facebook, http://www.facebook.com/NZQandA#!/NZQandA and on Twitter, http://twitter.com/#!/NZQandA


ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Campbell on: the local body election result in Wellington

For obvious reasons, politics is more of a big deal in the capital city than anywhere else in the country. Even so, fewer than four in ten eligible voters bothered to vote in Saturday’s local body elections in Wellington (turnout 39.66%).

Even less was felt to be at stake this time around than in 2016, when 45% of the electorate voted Justin Lester into the mayoralty.

To put it mildly, the Lester-led Council failed to live up to expectations. Lester will be remembered mainly for the fact that somehow, he managed to lose this election. . More>>

 
 

Could Do Better: Post-Sroubek Review Of Deportation Info

Ms Tremain acknowledges that the review highlighted some aspects of the process that can be improved and makes five main recommendations to strengthen the existing processes for preparing files for decision-makers. Those recommendations are: More>>

ALSO:

Gordon Campbell: On A New Book On The Leaky Homes Scandal

We all know that journalism is short of cash and under pressure from the speed, brevity and clickbait pressures of the 24/7 news cycle… but hey, given the right subject and a sufficiently stubborn journalist, it can still surpass most of the works of the academic historians... More>>

Regulation: Review Finds NZTA Road Safety Failings

The independent review, carried out by consultant agency MartinJenkins, lists at least 10 reasons for the failures including the agency being focused on customer service at the expense of its policing functions. More>>

ALSO:

Rod Carr: Climate Change Commission Chair-Designate Announced

Climate Change Minister James Shaw has today announced the appointment of Dr Rod Carr as Chair-designate for the Climate Change Commission. More>>

ALSO:

Compliance Complaints: 'Putting Right' Holidays Act Underpayment In Health

The Government is putting right a decade’s worth of underpayment to nurses, doctors and other health workers, says Health Minister Dr David Clark. More>>

ALSO:

IPCA: Disasterous Police Pursuit, Excessive Use Of Dogs

At no stage did Police follow the correct procedure for the commencement of a pursuit... A Police dog handler used his dog to help with the arrest of two of the young people. One suffered injuries resulting in his hospitalisation, and the Authority found that the use of the dog was an excessive use of force. More>>

ALSO:

‘Hard Place To Be Happy’: Report On Youth Residential Care

Children’s Commissioner Andrew Becroft says the report, A Hard Place to be Happy, contains important challenges from children and young people, aged 9 to 17, about their experiences in care and protection residences. “I found this report extremely difficult to read, and I think most New Zealanders would too.” More>>

Africa And Middle East Refugees: 'Family Link' Restriction Removed

The founder of the Double the Quota campaign has applauded the coalition government for Friday’s announcement that a discriminatory policy would be removed. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels