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


National continues to try and con Kiwis on asset sales

Phil Goff
Labour Leader

31 August 2011

National continues to try and con Kiwis on asset sales

National’s announcement on State Asset Sales is a shallow con job that bears little resemblance to what would happen if our assets are sold off, Labour Leader Phil Goff says.

“National doesn’t seem to understand that once shares are sold they are gone forever. There is no way to guarantee that they will remain in Kiwi hands,” Phil Goff said.

“Bill English and Tony Ryall clearly don’t understand what it means to sell something, if they think they will have any control over what happens to shares once they are floated on the market.

“National’s claim that shares will stay in New Zealand because Kiwis are ‘hungry’ to invest and that because of this dividends will remain in this country are simply not credible.

“The cost of living is spiralling out of control, while wages are barely growing. Kiwis are struggling to make ends meet let alone having additional money to spend on the stock market.

“It is once again clear that National is simply hoping that people don’t look too closely at the details of their announcement.

“The recent release of the annual reports reveal that the companies that National wants to sell returned $900 million in dividends to Kiwi taxpayers in the 2011 financial year.

“Under National’s plans much of those dividends will in the future end up overseas.

“National’s policy will see hundreds of millions of dollars in dividends heading off-shore. That is simply economic madness.

“Labour’s economic policy will ensure a strong export lead growth economy and allow us to keep our assets at the same time,” Phil Goff said.


© 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