Parliament

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

 

Drop Super Scheme, Cut Tax to Boost Confidence

Drop Super Scheme, Cut Tax to Boost Confidence

Thursday, October 11 2001 Richard Prebble Press Releases -- Economy


The dramatic fall in business confidence during the September quarter is serious, ACT leader Richard Prebble says.

"The Quarterly Survey of Business Opinion remains one of the most reliable indicators of economic performance," Mr Prebble said.

"It seems the government is out of touch and unrealistic in its repeated claims that New Zealand will ride out the economic shocks of September 11. When the All Blacks publicly state that they are nervous about going on a tour to Britain, it's an indication of how unwilling tourists are to fly world-wide.

"That's serious because tourism is our biggest employer and second-largest overseas exchange earner. There'll be a drop in the number of visitors from our largest tourist market, Australia, made worse by the government's dithering which destroyed Ansett and Air New Zealand.

"It's ironic that the largest drop in business confidence for 17 years has been published on the day after the government passed the Cullen super scheme which commits the coalition to borrowing $4 billion to invest in the world's equity markets ' a risky scheme.

"ACT doesn't know of any business leader who supports borrowing for super.

"A sensible response to the changed economic situation would be to drop the super scheme which will plunge the books into the red.

"While the Reserve Bank's cutting of interest rates was timely, the best way to boost confidence would be to announce a roll-back of the top 39-cents tax rate," Mr Prebble said.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On How National’s ”New” Welfare Plan Resurrects A Past Failure


Sam Uffindell’s defenders keep reminding us that he was only 16 at the time of the King’s College incident, and haven’t we all done things in our teens that, as adults, we look back on with shame and embarrassment? True. Let's be honest. Haven’t we all at one time or another, joined a gang and beaten a smaller, younger kid black and blue with wooden clubs? In that respect, Uffindell’s defenders on the streets of Tauranga risk sounding a bit like the psychiatrist Kargol played by Graham Chapman on Monty Python. Some of the media commentary has also noted how the Uffindell saga has taken the shine off National’s good poll results and distracted us all from the unveiling of an important welfare policy at the recent National Patty conference. OK… So let's put the spotlight back on that welfare policy...
More>>




 
 


Transport & Infrastructure: Have Your Say On The Future Of Inter-regional Passenger Rail In New Zealand

The Transport and Infrastructure Committee has opened an inquiry into the future of inter-regional passenger rail in New Zealand. The aim of the inquiry is to find out what the future could hold for inter-regional passenger rail... More>>


National: Sam Uffindell Stood Down Pending Investigation
Tauranga MP Sam Uffindell has been stood down from the National Party caucus pending an investigation into further allegations about his past behaviour, says National Party Leader Christopher Luxon... More>>


Auditor-General: Submission On The Water Services Entities Bill
We have published our submission to the Finance and Expenditure Committee on the Water Services Entities Bill. Because water services are critical to everyone, our focus is on how the public and Parliament are able to influence the performance... More>>


National: NZ Migrant Arrivals Hit Lowest Mark Since 1990s
Today’s net migration figures show that Labour has failed to deliver the desperately needed skilled migrants they promised, meaning labour shortages will persist into the future, National’s Immigration spokesperson Erica Stanford says... More>>


Green Party: Abuse Revelations Leave No Choice But To Overhaul RSE Scheme
The Green Party is calling on the Government to overhaul the Recognised Seasonal Employers scheme in the wake of revelations of shocking human rights violations... More>>



Government: More Women On Public Boards Than Ever Before

“Women’s representation on public sector boards and committees is now 52.5 percent, the highest ever level... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels