Scoop has an Ethical Paywall
License needed for work use Register

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


National not facing up to export challenge

Grant Robertson

MP for Wellington Central

Finance Spokesperson


September 26 2016

National not facing up to export challenge

“The latest export data from Statistics New Zealand paints a picture of an economy which is not paying its way in the world, says Labour’s Finance spokesperson Grant Robertson.

“Exports fell 9% - led by milk powder exports falling to their lowest level since August 2009. Meat, fruit, wool, and machinery exports all fell – meaning that exports in total were down a massive $323m from last year.

“In total, New Zealand’s trade deficit was $1.3bn, nearly double the figure that respected forecasters such as ANZ Bank had been suggesting.

“Clearly, the high Kiwi Dollar is hurting our exporters - as noted by the Reserve Bank last week. But Graeme Wheeler is seriously constrained in lowering the dollar by the out of control housing market. National’s failure to contain rising house prices is creating the conditions for lower exports and higher imports.

“This data is the latest sign of an economy which largely fuelled by population growth and housing speculation. The latest GDP per capita statistics show that growth is flat lining. Real disposable incomes fell last quarter and many New Zealanders feel they are not simply not getting ahead.

“National has no plan for the economy and no plan for providing the kind of long-term sustainable growth that New Zealand needs. Only a Labour-led government can deliver that change," says Grant Robertson.


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Skewed Media Coverage Of Gaza

Now that he’s back as Foreign Minister, maybe Winston Peters should start reading the MFAT website which is currently celebrating the 25th anniversary of how Kiwis alerted the rest of the world to the genocide in Rwanda. How times have changed ...

In 2023, the government is clutching its pearls because senior Labour MP Damien O’Connor has dared suggest that Gaza’s civilian population - already living under apartheid and subjected to sixteen years of an illegal embargo, and now being herded together and slaughtered indiscriminately amid the destruction of their homes, schools, mosques, and hospitals - are also victims of what amounts to genocide. More

ACT: Call To Abolish Human Rights Commission

“The Human Rights Commission’s appointment of a second Chief Executive is just the latest example of a taxpayer-funded bureaucracy serving itself at the expense of delivery for New Zealanders,” says ACT MP Todd Stephenson. More

Public Housing Futures: Christmas Comes Early For Landlords

New CTU analysis of the National & ACT coalition agreement has shown the cost of returning interest deductibility to landlords is an extra $900M on top of National’s original proposal. This is because it is going to be implemented earlier and faster, including retrospective rebates from April 2023. More




InfoPages News Channels


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.