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


Labour inflation claim doesn’t stack up

John Key MP
National Party Finance Spokesman

15 September 2005

Labour inflation claim doesn’t stack up

National Party Finance spokesman John Key says Labour’s desperate last stand on interest rates does not stack up.

“Just a day after being forced to release Treasury costings showing how deceptive Labour has been on its student loans bribe, Michael Cullen is again trying to mislead New Zealanders on the effects of National’s fair tax plan.”

Mr Key is commenting on the Reserve Bank Governor’s decision today to leave the official cash rate unchanged.

“National has a balanced fiscal strategy which has been released and cleared by independent experts.

“Tax cuts reduce costs in the economy and improve work incentives, thereby reducing capacity constraints and reducing inflation pressures.

“Under Labour there will be more public spending, less incentive to work, greater incentive to rely on other taxpayers for your income, and thus greater inflation pressure and more upward pressure on interest rates.

“We are seeing that already under Labour. Labour's policies are a recipe for higher interest rates.

“Only National has a fair tax plan that will give the right incentives for working Kiwis,” says Mr Key.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Demise Of The Tokyo Olympics

As the Covid vaccines roll out around the world, the Tokyo Olympics are looming as a major test of when (and whether) something akin to global normality can return – to international travel, to global tourism, to professional sport and to mass gatherings of human beings. Currently though, it looks like a forlorn hope that Japan will be able to host the Olympics in late July. Herd immunity on any significant scale seems possible only by December 2021, at the earliest... More>>


New Zealand Government: Cook Islanders To Resume Travel To New Zealand

The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Mark Brown have announced passengers from the Cook Islands can resume quarantine-free travel into New Zealand from 21 January, enabling access to essential services such ... More>>


A New Year: No politicians at Rātana in 2021

Annual celebrations at Rātana pā will be different this year, amid a decision to hold an internal hui for church adherents only… More>>


Government: Pre-Departure Testing Extended To All Passengers To New Zealand

To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. More>>


Covid: Border Exception for 1000 International Students

The Government has approved an exception class for 1000 international tertiary students, degree level and above, who began their study in New Zealand but were caught offshore when border restrictions began....More>>





InfoPages News Channels