ACT Finance Spokesman Rodney Hide said today the government’s plans for an Export Credit Guarantee Scheme was no substitute for sound policy.

“Here we have this government again risking taxpayers’ dollars without attending to the fundamentals of sound economic policy. Spraying more money around is not the answer for business.

“What we desperately need in New Zealand is lower tax and less red tape. Instead, this government is going in quite the wrong direction – taxes are up, regulatory compliance is up – and all that business gets is a little tax back that it already has had to cough up.

“It’s no wonder our standard of living continues to slide,” said Rodney Hide.

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