ACT Finance spokesman Rodney Hide said today that the collapse in Business Confidence reported by the National Bank should serve as a wake-up call for the Government.

“The good news is that the drop in confidence is Government inspired. That means that Government, with leadership, can turn it around.

“The Government must first muzzle Jim Anderton. His mad meanderings on economic and monetary policy are costing New Zealanders their jobs.

“Second: The Government must listen to business and make the massive changes needed to the Employment Relations Bill to make it half-workable.

“Third: The Government must produce a market-friendly Budget that sets a clear policy path for the next three years.

“The collapse in business confidence was predictable with the anti-business agenda of the Government. The task now is for the Government to recognise the mistakes and to learn from them,” concluded Rodney Hide

ENDS

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