Rt Hon Winston Peters
New Zealand First Leader

26 February 2014

Whoops, They’ve Done It Again

The Government’s last-minute tweaking of Genesis sale terms hammers home what a complete flop the asset sales programme is, says New Zealand First leader Rt Hon Winston Peters.

“The National Government is scrambling now to get some sort of benefit from the sale and to save face.

“Not only did they go ahead with asset sales against the wishes of Kiwis, with only a one-vote majority, they couldn’t even get the process right and are still trying to fix it on their fourth try.

“These changes are an indication that the asset sales were a complete muck up by the government, reflecting their mismanagement of the economy as a whole.

“Future governments will be seriously limited because Mr Key and Mr English persisted with their old-fashioned idea that assets had to go. It didn’t work in the past, it hasn’t worked now.

“The whole thing has been an exercise in futility, a continuation of decades of asset sales that have drained this country’s books and emptied the cupboard for future generations.

“Mr English will be echoing a ghost of National’s past when in response to future policies he will truthfully reply, “well how will they finance it, I have spent it all’,” says Mr Peters.

ENDS

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