Parliament

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

 

National fiddles while the country burns

David CUNLIFFE
Finance Spokesperson
11 May 2011

National fiddles while the country burns

Few prime ministerial economic speeches could be as less inspiring or more misleading than John Key’s today, says Labour’s Finance spokesperson David Cunliffe.

“It was uninspiring because it provided no new answers to the very deep economic problems that have dragged our economy down,” David Cunliffe said.

“It merely repeated the existing tired laundry list of gimmicks, borrowing and deregulation that will convince nobody that National has a coherent economic plan.

“And it was misleading because he indulged himself in inaccurate blame shifting on to the weather, the earthquakes, the GFC and the previous Government.”

David Cunliffe said Labour agrees that New Zealand’s debt levels and record fiscal deficit have reached serious levels and that substantial and structural reform is required to turn our economy around.

“But there was no indication from the Prime Minister of any such plan in today’s speech.

“To the contrary, the much-heralded KiwiSaver reforms amounted to only a vague warning that National would reduce the member tax credit, and reverse its own earlier move to reduce the default contribution rate,” David Cunliffe said.

“That is hardly the stuff of headlines and in no way will it be sufficient to address New Zealand’s yawning savings gap.”

David Cunliffe said Labour will carefully consider the revised Budget baselines and any new proposals from the Government before releasing its own economic policy packages.

“Labour’s plan will responsibly manage down net debt across the business cycle; will build a strong export economy with more good jobs; will help Kiwis to own their own future by building savings and protecting assets; and will provide immediate relief to mounting pressures on the cost of living.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Compensating Afghan Civilian Casualties

Reportedly, there have been nine incidents resulting in 17 civilian deaths and injuries (seven of the dead were children) caused by ordnance left behind on what used to be the firing range of our Provincial Reconstruction Team (PRT) in Bamiyan province.

Given that the NZ Defence Force has needed to be hauled kicking and screaming into belatedly arranging an adequate clean-up of its old firing range… what would it take before New Zealand offers to pay compensation to the families of those who suffered death and injury from what was left behind on our watch? More>>

 

Fossil Fuel Investment: ACC Must Lead On Climate Change

As the largest publicly owned investor in New Zealand, the ACC board should divest from fossil fuels, demonstrating our leadership role on climate change, Green Party MP Chlöe Swarbrick said today. More>>

ALSO:

Total Officers, Up Less: Coalition's 1800 New Police Officers

The Coalition commitment to add 1800 new Police officers to frontline policing has been achieved with the graduation of 59 constables from the Royal New Zealand Police College today. More>>

ALSO:

Predator Free: $3.5m For New Pest Controls

New Zealand First is proud to announce the Provincial Growth Fund (PGF) has allocated $3.5 million to develop innovative predator control approaches which will reduce the need for repeated 1080 use. More>>

ALSO:

Children's Day: Commissioner Calls For Govt Commitment

“Three decades on, we are able to celebrate some significant changes for children like the recent launch of a Child and Youth Wellbeing Strategy. But we still have a long way to go to prioritise children’s rights.” More>>

ALSO:

Elections: Proposed Electorate Boundaries Released

The Representation Commission is proposing changes to half of New Zealand’s electorates and establishing a new electorate in south Auckland… More>>

ALSO:

"Effectively A Permanent Amnesty": Final Month For Gun Ban Compensation

The firearms buy-back comes to an end a month from today, but the police say the amnesty for returning banned guns will continue into next year and beyond. More>>

ALSO:


SPECIAL GUNS FOR FOREIGN SECURITY:


MORE ARMED POLICE:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels