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


Chamber Election Report Outlines The Issues For Wellington Businesses

The Wellington Chamber of Commerce has released its 2020 Election Report ahead of the upcoming election, outlining the main issues facing the Wellington business community.

The report summarises the key issues under four overarching areas to ‘prepare’ for, namely; Preparing for Recovery, Preparing for Growth, Preparing for the Big One, and Preparing for the Future. The views included in the report were drawn from the results of the Chamber’s August Business Confidence survey.

"Our report looks at four key areas that Wellington’s business community are concerned about," says John Milford, Wellington Chamber Chief Executive.

"The next year will be difficult for businesses, there is no doubt about that. But it is also about getting the recovery settings in our city and region right to enable economic growth - and that largely revolves around new investment in transport, water, and housing infrastructure.

Mr Milford says that Wellington has largely been neglected by a succession of governments, with much of the attention and investment going to Auckland and Christchurch.

"You might say that Wellington is a victim of its own success - we’ve not seen the same level of investment as the other major and minor cities in New Zealand.

"Most recently, the Government’s Covid-response fund and the shovel ready project list, allocated just $185 million of the $3 billion fund to the Wellington and Wairarapa region. This is a minuscule amount for the country’s largest regional economy after Auckland.

"Furthermore, while the rest of the country has benefited from the Provincial Growth Fund, the Wellington region has been excluded. While Auckland and Canterbury have both had significant investment, Wellington’s gone without. And when it comes to the ‘Let’s Get Wellington Moving’ deal, Wellington got the raw end of it - the funding split between Central and Local Government actually shifts more costs unfairly onto Wellington, and onto ratepayers who right now can’t afford any rates increases.

"Looking at the issues we discuss in the report - Wellington continues to have a cloud of uncertainty hanging over the region, with a large seismic event anticipated in the coming decades. Already, commercial and residential property owners are battling to secure affordable insurance. Key emergency transport corridors and buildings are also still at risk in the event of a natural disaster. Solving these problems should be high on the priority list for the next representatives of the city.

"Businesses are also looking for policy solutions beyond the immediate Covid-19 recovery response. Economic issues, such as the lack of skilled workforce and insufficient immigration numbers have been prevalent issues for several years. Businesses are also looking to transition to more sustainable businesses practices and cultures, this needs to continue to be supported by successive governments. Businesses also want to see more emphasis and investment in sustainable research and development.

"The Chamber will be hosting local candidates our Wellington Election 2020 Debate, in partnership with JacksonStone & Partners. With the move down to alert level one, the event will go ahead in person, and Wellingtonians are welcome to join us live or via our live-stream.

"There are plenty of issues, and with renowned moderator and Sunday Star-Times’ editor, Tracy Watkins running the debate, it will make for an interesting event."

© Scoop Media

Business Headlines | Sci-Tech Headlines


NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>


Economy: Double-Dip Recession Next Year, But Housing Rolls On

New Zealand's economy is expected to slip back into recession early next year as delayed job losses, falling consumer spending, and the absence of international tourists bites into growth. More>>


Microsoft New Zealand: Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific

New Zealand, 14 October 2020 – Today Microsoft for Startups launches the Highway to a Hundred Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where 56 startups were ... More>>

Fonterra: Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production

They’re hot off the press and intended to help take the heat out of climate change. Fonterra farmers are already among the world’s most sustainable producers of milk and now have an additional tool in their sustainability toolbox. Over the last few ... More>>


Electricity: New Zealand Remains In Top 10 For Energy Balance

The World Energy Council’s Energy Trilemma Index has become part of the energy dialogue both globally and in New Zealand. The Index illustrates the need for countries to balance energy security, energy equity and environmental sustainability. New Zealand ... More>>


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>

University of Canterbury: Proglacial Lakes Are Accelerating Glacier Ice Loss

Lake Tasman, New Zealand | 2016 | Photo: Dr Jenna Sutherland Meltwater lakes that form at glacier margins cause ice to recede much further and faster compared to glaciers that terminate on land, according to a new study. But the effects of these glacial ... More>>


Dairy: Fonterra Sells China Farms

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1), after successfully developing the farms alongside local partners. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited ... More>>