Parliament

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

 

Taranaki in recession due to Govt inaction

Andrew Little

Opposition Leader

8 September 2015

Taranaki in recession due to Govt inaction

Taranaki has become the first New Zealand region in the current downturn to enter recession and the blame must be laid squarely at the Government’s feet, Opposition Leader Andrew Little says.

“Taranaki’s economy has contracted for two successive quarters, shrinking by 3% this year. Unemployment is up 44% in the past 12 months and 700 jobs have been lost in that time. That’s a very real human cost after years of the Government failing to invest in the region when milk and oil prices were high.

“Instead of preparing for the inevitable downturn that would come, the Government simply slashed spending in the area, including a $22 million cut to transport funding.

“Taranaki, however, is simply the canary in the coal mine for regional neglect in New Zealand. According to ANZ’s Regional Trends survey, the economies of seven other regions in New Zealand also contracted in the last quarter, including all of the South Island. Our heartland towns are suffering, yet the Government has no plan of action to help.

“For months now we have listened to John Key and Bill English downplay what is really going on in New Zealand. Jobs are falling, unemployment is rising and we have weak growth with record debt. It’s our small towns that feel those effects first and where real efforts must now be directed.

“Taranaki is my home-town, a region with great natural resources and resourceful people. What it needs is real investment by central Government and a commitment to partner in projects where jobs can be created and new industries can blossom.

“When the town was booming, there were Ministers here every couple of weeks. Now you can’t see them for dust. It is not enough to stand on the side-lines cheering during the good times then turn your back when times are tough. Taranaki, and the rest of New Zealand, deserves more than that,” Andrew Little says.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Dubious Wisdom Of Raising Interest Rates


During the last half of the 1990s, the first flickering signs of economic growth would cause then-Reserve Bank governor Don Brash to hike up interest rates and stamp them out. The fear back then was that if left unchecked, the embers of economic activity might cause the same inflationary fires to come roaring back to life that the West had experienced in the late 1970s. At the time, Brash would justify raising interest rates on the grounds that as RB governor, he always needed to be looking 18 months ahead, and judging where things might go by then, if he didn’t act now... More>>




 
 



Government: Historic Step Towards Smokefree Future

Bold new measures will be implemented, including banning the sale of cigarettes to future generations, as part of the Government’s plan to make New Zealand smokefree. Associate Minister of Health Dr Ayesha Verrall launched Auahi Kore Aotearoa Mahere Rautaki 2025, the Smokefree 2025 Action Plan at an event in Parliament this morning... More>>

ALSO:


Public Service Association: Data Shows Worrying Disparities
Eighty four percent of public servants are strongly motivated to stay working in the Public Service because their work contributes positively to society - and yet only 69 percent are satisfied with their job... More>>


Luxon: A New National For New Zealand
National Party Leader Christopher Luxon has today announced a new National for New Zealand – a fresh, energised alternative government ready to deliver for Kiwis in 2023... More>>


BusinessNZ: Refuses To Be Part Of Government’s FPA Scheme
BusinessNZ has confirmed it is refusing to be the Government’s nominated partner in implementing unlawful compulsory national pay agreements known as Fair Pay Agreements (FPAs)... More>>

ALSO:


CPAG: Govt Yet To Fully Implement A Single Key WEAG Recommendation Three Years On
None of the 42 key recommendations of the Welfare Expert Advisory Group (WEAG) have been fully implemented almost three years after the report release, with 22 minimally or partially implemented, new research by the Child Poverty Action Group (CPAG) has found... More>>

CPAG: Child Poverty Monitor 2021 Highlights Persistent Inequities In Rates Of Child Poverty
Child Poverty Action Group (CPAG) welcomes the release of the Child Poverty Monitor today, which shows that prior to the Covid-19 pandemic, poverty reduction targets were largely on track for Pākehā children, however significant inequities remained for tamariki Māori, Pacific and disabled children... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels