Parliament

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

 

John Key All Over The Show On Asset Sales

David
Shearer
Labour Leader
24 July 2012 Media Statement

John Key All Over The Show On Asset Sales

Just two months out from the sale of Mighty River Power, John Key is still unable to explain to New Zealanders how much it will cost for his so-called loyalty scheme, potential settlements with iwi, public relations, advertising and brokerage fees, says Labour Leader David Shearer.

“It is incredible that John Key could front up to his National Party conference at the weekend and announce a loyalty scheme without knowing the cost. It is simply irresponsible.

“This asset sales process will see New Zealanders who can afford to buy shares benefiting from a loyalty scheme that is subsidised by every other Kiwi. That’s not fair.

“John Key is all over the show on this issue. Firstly he said the loyalty scheme could cost less than half of the $1.3 billion contained in Treasury papers, then he agreed $360 million was a ‘possible number’, this morning he claimed it could be between $60-80 million and this afternoon in Parliament he said that it might come at ‘no cost’.

“What is the actual figure? And why won’t the Prime Minister just be honest with Kiwis.

“New Zealanders don’t want their power companies and national airline to be sold off. But at the very least, they deserve to know how much this process is going to cost them.

“John Key should just give us a figure and stick to it,” said David Shearer.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Who Decides On The Priority List For Vaccines

During the past week, the nation has gone through a range of mixed feelings about south Auckland. Understandably, there’s been a hankering in some quarters to punish a few of the rule breakers who plunged all of Auckland back into lockdown…Yet alongside that impulse there also been compassion for the way that poverty and overcrowding make south Aucklanders extremely vulnerable to the spread of the virus... More>>


 




Government: PHARMAC Review Announced

The Government is following through on an election promise to conduct an independent review into PHARMAC, Prime Minister Jacinda Ardern and Health Minister Andrew Little announced today... More>>

ALSO:


Government: Main Benefits To Increase In Line With Wages

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>

Government: Reserve Bank To Take Account Of Housing In Decision Making

The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into ... More>>

ALSO:


Covid-19: Auckland Back To Alert Level Three After One New Community Case Revealed

Auckland will move to alert level three for a week at 6am tomorrow morning after two new Covid-19 community cases announced this evening could not be directly linked to earlier cases, the Prime Minister has confirmed.
The rest of the country will move to level two.... More>>

NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels