Parliament

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

 

Budget 2011: Zero ideas, zero leadership

David Cunliffe
Finance Spokesperson

19 May 2011
MEDIA STATEMENT

Budget 2011: Zero ideas, zero leadership

Budget 2011 provides zero leadership, and won’t create a stronger, export-led economy, more jobs, higher wages, or more fairness for struggling Kiwi families, says Labour’s Finance spokesperson David Cunliffe.

“Bill English and John Key have failed to take our economy forward.” David Cunliffe said. “They promoted Budget 2011 as a zero budget. In terms of new ideas, zero is the right word.

“There is zero plan to lift growth, credibly close the savings and capital deficit, or deliver much-needed assistance to low- and middle-income New Zealand. In fact, budget documents show debt, the current account and growth rates all deteriorating over the next four years.

“Budgets are always about choices,” David Cunliffe said. “In the last two, National chose to give away $23 billion in tax cuts, much of which went to upper income earners who needed them least.

“Budget 2011 continues the same selfish theme --- a free ride for the wealthy, but higher costs for Kiwi families through changes to KiwiSaver, Working for Families and student loans.

“Unspecified cuts of $1 billion over four years to public services will hit education and health, and there will be no alternative to service cuts or a return to the failed user pays policies of the past,” David Cunliffe said.

“Amazingly, National is spending the proceeds of a fire sale of state assets --- $5-7 billion --- even before they are sold, and in complete contradiction of its promise to seek an electoral mandate first.

“National has failed four basic tests for a responsible budget in tough times:
• There is no credible plan to build a strong export economy, no coherent economic development programme, no monetary reform, no game-changing innovation.
• There is no plan to grow savings and capital sufficiency and improve investment incentives for a modern high-value economy.
• There is no plan to deliver much needed relief to hard working families stressed to the max by runaway living costs.
• And its unconvincing deficit and debt reduction plan is built on a repeat of rose-tinted Treasury forecasts that have proven illusory in each of the last two Budgets.

“Budget 2011 leaves struggling Kiwi families worse off,” David Cunliffe said.

“National has broken nearly all its election promises from 2008. It is barren on ideas and leadership, and has foregone the right to be trusted. Labour will provide leadership in delivering a comprehensive package of costed economic policies before the election.

“This budget hurts many but solves nothing. It steals from the future by booking the proceeds of assets it has no mandate to sell.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include:

- Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords.

- Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement...

- Improve compliance with the law by increasing financial penalties and introducing new tools to take direct action against parties who are not meeting their obligations. More>>

 
 

Gordon Campbell: On The Farming Sector’s Persecution Complex

The narrative that our farmers are ‘doing it tough’ plays into a number of wellworn stereotypes ... More>>

ALSO:

corrections, prisonCorrections: Independent Review Of Prisoner Mail Management

The independent review into the prisoner mail system has today been released, with Corrections accepting all 13 recommendations and making a number of changes to strengthen the management of prisoner mail. More>>

ALSO:

IPCA: Unlawful Detention Of Teenager; Influence Of Investigation

The Independent Police Conduct Authority has found that former Inspector Hurimoana Dennis unlawfully detained an Auckland teenager in 2015, and improperly influenced the outcome of a criminal investigation into his own son in 2014. More>>

ALSO:

SOP For Gun Bill: New Measures For Modified Pistols

The new controls will • Prohibit short-barrelled semi-automatic rifles which currently are defined as pistols because they are shorter than 762 millimetres. • Introduce tighter controls over pistol carbine conversion kits… • Prohibit firearms which contain a part known as a centrefire lower receiver… More>>

'Culturally Arranged Visitors Visa': Fix For Marriage Visa Issue

Earlier this year Immigration New Zealand issued guidance to front line Immigration staff that made it significantly harder for people to get visas to visit their partner. That guidance no longer applies with today’s announcement. More>>

ALSO:

Conflict Of Interest For Key Member: Budget Data Breach Investigation Shut Down

State Services Commissioner Peter Hughes has today terminated the investigation into how Budget-sensitive material was accessed at the Treasury and appointed a new inquirer. More>>

RNZ Report: Mysterious Foundation Loaning NZ First Money

A mysterious foundation that loans money to New Zealand First is under scrutiny, with a university law professor saying although it's lawful, it fails to provide the transparency voters need in a democracy. More>>

Justice: Criminal Cases Review Commission Established

“We’ve seen how our justice system can very occasionally get things spectacularly wrong, even with rights of appeals, and there needs to be a chance for the innocent on the right grounds to seek a final review of their case...” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels