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


David Shearer resignsb as Labour leader, leaving vacuum

David Shearer resigns, leaving vacuum at top of NZ’s Labour Party

Aug. 22 (BusinessDesk) – David Shearer has resigned as leader of the New Zealand’s opposition Labour Party, having failed to make a dent in the popularity of the ruling National Party and Prime Minister John Key.

“There needs to be a Labour-led government and the ambitions of one person should never be larger than that purpose,” Shearer told reporters at a media conference in Wellington. He refused to take questions.

“There was no letter, there was no ultimatum, there was no vote,” he said. “But from the soundings I have taken from colleagues I realise I no longer enjoy the confidence of a number of my caucus colleagues.”

Shearer has struggled to erode Key’s popularity since Labour voted him in as leader in December 2011, replacing Phil Goff. He won former PM Helen Clark’s old seat of Mt Albert in 2009.

He will remain as an MP and stay on as leader until a replacement is found, he said today.

A One News-Colmar Brunton poll this month had Shearer up one point to 13 as preferred prime minister while Key slipped one point to 41.

A Fairfax Media-Ipsos political poll released this week showed Labour on 31.6 percent to National’s 48.3 percent. The Greens were on 12.3 percent and NZ First on 2.8 percent.

Under Labour's rules, there will be a run-off for the leadership. The party can cast 40 percent of the votes, the same level as the caucus, and the affiliates such as unions have 20 percent of the voting power.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Auckland Airport: North American Touch Downs Make AA Most Connected In Australasia
The return of American Airlines, the world’s largest airline, announced today has cemented Auckland Airport’s title as the Australasian airport with the most non-stop connections to the United States and Canada... More>>

Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>

The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>

Kiwibank: Savers To Benefit From Higher Returns Following OCR Rise

Following market movements Kiwibank is pleased to increase the interest rate and rates of return on its savings accounts... More>>

Fonterra: Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance... More>>

Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>