Parliament

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

 

Members Bill Would Provide Fonterra with Economic Cream

Rt Hon Winston Peters
New Zealand First Leader

28 August 2012

Members Bill Would Provide Fonterra with Economic Cream

New Zealand First says its Private Members Bill to change Reserve Bank rules would provide big benefits to exporters like Fonterra who today announced a $500 million cut to its payout for this dairy season.

Rt Hon Winston Peters says Fonterra blamed the continuing strength of the Kiwi dollar for the cut.

“That comes as no surprise as many economic experts agree that the New Zealand dollar is overvalued by at least 20 per cent.

“Our Reserve Bank of New Zealand (Amending Primary Function of Bank) Amendment Bill would expand the Bank’s focus from keeping the annual rate of inflation between one and three per cent.

“It would provide the Reserve Bank with the flexibility it needs to promote not just our struggling exporters, but also economic growth and employment.

“The time to address the fundamentals our export dependent economy relies on is well overdue. Our Bill would do just that,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Criminalising Of Rap Music


For black youth in America, there can be only three ways out of the ghetto: athletics, music or drug dealing. And for every individual who succeeds in making it out, dozens more attach themselves to their celebrity crews in order to bask in the reflected glory, and partake of the lifestyle. And what rap musician can afford to turn their back entirely on the ‘hood, when staying street and staying real is what their audience demands of them..?
More>>



 
 



Crime: Govt Helps Protect Shops From Ram Raids

The Government is providing further support to help Police protect small businesses affected by a spike in ram raids, Minister of Police Poto Williams says... More>>


Government: Investment Boosts Coastal Shipping In Aotearoa
New Zealand is a step closer to a more resilient, competitive, and sustainable coastal shipping sector following the selection of preferred suppliers for new and enhanced coastal shipping services, Transport Minister Michael Wood has announced today... More>>


Government: New Zealand To Stay At Orange For Now
With New Zealand expecting to see Omicron cases rise during the winter, the Orange setting remains appropriate for managing this stage of the outbreak, COVID-19 Response Minister Chris Hipkins said today... More>>


Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>


Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>


National: Jacqui Dean To Retire From Parliament In 2023

Waitaki MP Jacqui Dean has announced that she will not be seeking re-election at the 2023 election. “I have advised the President and Leader of the National Party that I have decided not to put my name forward... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels