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


Serious value in Taskforce report

Media release
30 November 2009

Serious value in Taskforce report

The first report of the 2025 Taskforce displays a comprehensive grasp of the factors that could propel New Zealand’s economy into higher growth.

Business NZ Chief Executive Phil O’Reilly says while the report covers the broad range of actions required for prosperity, its strength is the focus on government spending.

“All sectors of New Zealand do have a part to play in improving New Zealand’s economic prospects, but there is an overwhelming need for the government to improve the quality of its spending,” Mr O’Reilly said

“Not just by encouraging restraint by government agencies, but by transforming its approach to regulation, tax and government services.

“Business NZ endorses the Taskforce’s call for a cap on government spending, moves towards an overall top tax rate of 20 percent, and the establishment of a Regulatory Responsibility Act.

“These three moves alone would turbo charge the economy.”

Mr O’Reilly said the overall range of recommendations in the report are mainstream economics and are consistent with what the business community advocates.

“The establishment of a Productivity Commission, better protection of property rights and better quality decisions around education and other services would have a significant impact.

“These kinds of policies if executed properly could enhance the capacity to work and the rewards from work for all New Zealanders.

“Business will be hoping that the report’s recommendations will be widely discussed by all parties in good faith and without ideological preconceptions.

“The recommendations represent a serious attempt to focus on and achieve action on an overriding issue for New Zealanders – whether we will be poor or prosperous in 2025.”

Business NZ’s recommendations for enhanced productivity (Setting New Zealand Apart) are broadly in line with the recommendations of the 2025 Taskforce report and are contained here on


© Scoop Media

Business Headlines | Sci-Tech Headlines


Frog Recruitment: Kiwi Workers Reluctant To Make Business Trips Across The Ditch Despite Trans-Tasman Bubble Opening

When the trans-Tasman travel bubble opens today, many Kiwi companies won't be rushing to buy an air ticket, reluctant to cross the ditch to do business. The latest survey conducted by leading recruitment agency, Frog Recruitment of nearly 1,000 New Zealand ... More>>

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>


Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>