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.”