Parliament

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

 

Foreign buyers already dictating terms of SOE sales

David Shearer
Labour Leader

1 February 2012

Foreign buyers already dictating terms of SOE sales

National is already caving into the interests of potential foreign buyers of our power companies by removing Treaty of Waitangi and social responsibility clauses from legislation designed to protect Kiwis’ interests, says Labour Leader David Shearer.

“John Key is clearly worried that these clauses will put foreign buyers off so he’s ditching them to ensure the assets are more attractive and earn a higher price when they go on the block. If he really believed that Mum and Dad investors were going to snap up all the shares, he wouldn’t be taking steps to remove these clauses because Kiwis are familiar with the Treaty being recognised in legislation. National clearly knows its real market is offshore buyers.

“It will be a real concern to Kiwi consumers if National removes the social responsibility clause which ensures SOEs have to take into account community interests,” David Shearer said. “That is likely to see power prices hiked even further at a time when New Zealanders simply cannot afford to pay more. It will see profit put before people.

“The Government’s discussion paper on the sell-off of state assets shows that the so-called consultation with Kiwis is a sham.

“It is crystal clear that John Key doesn’t care that most New Zealanders are opposed to asset sales,” David Shearer said. “He is prepared to do whatever it takes to flog off assets built up and paid for by Kiwis over generations, including turning his back on his political allies, the Maori Party.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Whether This Election Is Already A Foregone Conclusion

Currently, this election looks like being a no contest. The weekend’s Newshub poll has the centre left enjoying a roughly 57-36% lead over the centre right. Labour is on 50.1% and the Greens 6.5%, while National remains in the dreaded 20s at 29.6% and the Act Party is on 6.3%. Conditions continue to look terminal for New Zealand First. Despite being a stubborn brake on government tax policy and winning a few policy gains of its own, NZF is registering only a 1.9% level of support... More>>

 

Economy: Business Leaders’ Confidence Tanks As Top Kiwi CEOs Vent Their Frustrations

The New Zealand Herald’s Mood of the Boardroom 2020 Election Survey has been released with top business leaders saying New Zealand’s Covid-19 recovery is in peril – and they want a decisive role with Government in the country’s future. The annual ... More>>

ALSO:


Poll: Newshub-Reid Research Poll Shows National Rising But Labour Still Governing Alone

With less than three weeks to go, Labour remains in a position where it could govern alone in the latest Newshub-Reid Research poll* on 50.1% - down 10.8 percentage points. National has risen slightly to 29.6% (up 4.5 percentage points), but even with the ... More>>

ALSO:

Winston Peters Speech: The Gathering Storm Clouds: Ihumatao

Frequently around New Zealand you hear people say that politicians are all the same. It’s a convenient way to dismiss any careful investigation of the truth of that statement. New Zealand First since its inception has been committed to ‘one law ... More>>

ALSO:

National Agriculture Policy: Will Restore Farmer Confidence And Pride

A National Government will reduce regulatory burden and give farmers confidence for the future. Leader of the National Party Judith Collins and Agriculture spokesperson David Bennett announced National’s Agriculture policy in Gisborne today. “Agriculture ... More>>

ALSO:

Government: Taking Action To Reduce Waste And Plastics

Phase out single use and hard to recycle plastics by 2025 Create a $50m Plastics Innovation Fund to develop alternatives Standardise kerbside recycling The Labour Party is taking the next step in removing plastic rubbish from our oceans and environment ... More>>

Gordon Campbell: On Last Night’s Leaders Debate

Do political debates change voter intentions, and cause voters to switch sides? According to a 2019 Harvard Business School study conducted across 61 elections in nine countries involving 172,000 respondents, the answer would seem to be a resounding ... More>>

ALSO:

Dunne Speaks: The Election Campaign Just Grinds Slowly On And On

With just over three weeks until the General Election, the release of the first major pre-election opinion poll this week confirmed what was already being reported about this year’s campaign. Although the gap between Labour and National has narrowed ... More>>

Electoral Commission: Candidate And Party Lists Released

17 registered political parties and 677 candidates will be contesting the 2020 General Election Nominations have now closed and the Electoral Commission has released the electorate and party list candidates for 2020 online at vote.nz . Advance voting ... More>>

National: Plan To Restore NZ’s Prosperity

National’s Economic and Fiscal Plan carefully balances the need to invest in infrastructure and core public services while also reducing tax pressure on Kiwi families and businesses. National Leader Judith Collins and Finance spokesperson Paul Goldsmith unveiled National’s ... More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels