Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZCCI Congratulates the New Government


10 November 2008

NZCCI Congratulates the New Government

The New Zealand Chambers of Commerce congratulates the new government on its election victory and looks forward to working with it over the next three years.

“The new government faces some distinct challenges in the face of the global financial crisis and it is important that it works closely with the business sector,” said NZCCI Director Charles Finny.

“Increased economic growth through higher producivity is the key to surviving the crisis.

“NZCCI urges a package of tax cuts supported by reductions in government expenditure. This would help improve liquidity as well as provide a platform for economic growth.

“There is a need to undertake an immediate review of the ETS. Reform of local government is also essential in the medium term.

“NZCCI will be contacting all new MPs in the near future and inviting them to discuss the set of policies which the Chamber produced earlier in the year as part of its Election Manifesto.

Specific policy proposals in the manifesto include:

- a review of all government spending with a view to eliminating waste
- a reduction in the top personal tax rate be a priority as part of the next round of tax cuts and the implementation of a flatter tax structure
- increased infrastructure investment including the use of more private sector
- investment including public private partnerships (PPPs)
- establishment of a Productivity Commission
- remove restrictions on thermal electricity generation
- a review of the Resource Management Act
- leave the existing monetary policy framework alone

“Central government, local government and the business community all have critical roles to play to ensure that the impact of the global financial crisis is minimised. We look forward to working closely with the incoming Government to ensure costs are contained, necessary financial stimulus is well directed and business as a wealth creator is given every chance to succeed,” Mr Finny concluded.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>



All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>


MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>


Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>


DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>



Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>