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


Labour leaves positive legacy

4 December 2008 Media Statement

Labour leaves positive legacy – now where’s Nationals plan?

National must make clear its economic strategy having rejected treasury’s advice, Labour finance spokesperson David Cunliffe said today.

Treasury’s briefing for the incoming Finance Minister clearly shows that the Labour Government left New Zealand in good shape to deal with the current economic downturn.

“Treasury’s advice shows the Labour Government cut gross government debt levels nearly in half from 35 percent to 17 percent,” Mr Cunliffe said.

In recent years, New Zealand performed better than most other OECD countries in terms of economic growth while we also had one of the lowest unemployment rates in the developed world. There is also praise for the Emissions Trading Scheme, Kiwisaver, and the Super Fund.

“It is up to the National Government to ensure that this healthy legacy is not squandered.”

“Labour is willing to work constructively with the National government to build on the economic gains of the last nine years in the interest of all New Zealanders.”

“However the early signs are not positive;
- cuts to Kiwisaver will only worsen the private savings held by New Zealanders
- Cutting R and D tax credits and Fast-forward and broadband delays undermines the drive for innovation.
- Nationals planned tax cuts will worsen the debt outlook.

“National have been saying for a year what they won’t do– now we need to see the plan for what they will do.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Uncanny Valley Of Tokyo 2020

For all involved, this year’s Olympic Games have called for a willing suspension of anxiety. For now at least, the displays of skill and agility have been compelling enough to muffle some of the previous misgivings about the wisdom of asking athletes from all corners of the world to converge in one place in the middle of a pandemic, and at the height of a Tokyo summer... More>>



Child Poverty Action Group: Poverty Burden For Children Increased Due To Government Neglect - New Report

Poverty, inequity, homelessness and food insecurity are among the burdens which increased for tamariki Māori and other children in the first year of Covid-19 - partially due to Government neglect... More>>

Government: Cabinet Accepts Turkish Authorities’ Request For The Managed Return Of Three NZ Citizens

Cabinet has agreed to the managed return of a New Zealand citizen and her two young children from Turkey, Prime Minister Jacinda Ardern announced today. The three have been in immigration detention in Turkey since crossing the border from Syria earlier this year... More>>


Government: Quarantine Free Travel With Australia Suspended

Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today... More>>


NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>

Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>




InfoPages News Channels