Solid Energy Monkey Off Taxpayers' Back

31 OCTOBER 2016
FOR IMMEDIATE RELEASE

The Taxpayers’ Union is celebrating the sale of SOE basket case Solid Energy to the private sector - a welcome U-turn on John Key's indications last year of more taxpayer-funded bailouts.

Taxpayers’ Union Executive Director, Jordan Williams, says, "This is the first real privatisation by the current Government, and what a relief it is. The sale protects taxpayers and provides for full payment to employees and trade creditors. It is a monkey off the taxpayers' back."

"The only ones frowning will be the Australian-owned banks. They had previously looked to be in-line for a taxpayer-funded bailout."

"The next SOE which should be sold is Kiwirail. Just like Solid Energy, Kiwirail is a taxpayer black hole with around $7,000 per New Zealand household spent on bailing it out since 2008."

ENDS

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