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


Key flags labour market reforms as election issue

Key flags labour market reforms as election issue

Aug 8 (BusinessDesk) – Prime Minister John Key is flagging further labour market reforms are one way New Zealand could bolster itself against the prospect of ongoing volatility in the global economy.

Key told his post-Cabinet press conference today National was likely to carry new labour market policy into the general election on Nov. 26, although no policy development had been finalised at this stage.

“What we see is that productive companies export. If you’re productive and competitive, you export and one of things we know that drives that is flexibility and clarity in the labour market.”

Commenting on another day of turmoil in financial markets, which saw the NZX50 Index of leading stocks by a further 2.8%, Key said New Zealandes “should take confidence from New Zealand’s economy being structurally sounder than the United States or Europe.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>

Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>

Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>

Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>

Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>

Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>