Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Government Must Recognise Risks Of Bank

Opposition Leader Jenny Shipley is warning the Prime Minister, the Minister of Finance and the directors of New Zealand Post that they must not risk taxpayers money for the sake of political expediency.

"History is littered with banking ventures which went wrong, and it seems the independent report on the People's Bank by Cameron and Associates raises genuine concerns," Mrs Shipley said.

"The Government is indicating the bank might now be delayed until 2002.

"When National came to power in 1990 one of the first issues we had to confront was the BNZ crisis. At our first Cabinet meeting we discovered the true degree of that problem, which the outgoing Labour Government had known for several weeks but had kept quiet during the election campaign.

"We do not want a repeat of that scenario over the People's Bank for the incoming Government in 2002.

"Dr Cullen needs to carefully weigh the risks associated with the Alliance's proposal. He must not allow political pressure from Labour's junior coalition partner to push the Government into a decision which might prove detrimental to all New Zealanders.

"New Zealand already has a high level of competition in the banking sector, and the Government must only allow the People's Bank proposal to proceed if it is sure it will be an asset, not a liability,' Mrs Shipley said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Elusive Charms Of Christopher Luxon


Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>




 
 

Luxon: A New National For New Zealand
National Party Leader Christopher Luxon has today announced a new National for New Zealand – a fresh, energised alternative government ready to deliver for Kiwis in 2023... More>>


Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>


Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>


CPAG: Child Poverty Monitor 2021 Highlights Persistent Inequities In Rates Of Child Poverty
Child Poverty Action Group (CPAG) welcomes the release of the Child Poverty Monitor today, which shows that prior to the Covid-19 pandemic, poverty reduction targets were largely on track for Pākehā children, however significant inequities remained for tamariki Māori, Pacific and disabled children... More>>


National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels