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


Consumers also feeling grim about the economy

Paul Goldsmith - Finance

2 August 2019

Today’s ANZ Consumer Confidence survey shows Kiwi consumers are feeling more pessimistic as the economy continues to slow, job creation stalls and the cost of living continues to rise, National’s Finance spokesperson Paul Goldsmith says.

“At a time when New Zealand should be doing well, consumer confidence fell six points in July to a level now below its long term average. Of particular concern is the increase in the number of New Zealanders who think economic conditions will worsen in the next year under the economic management of Grant Robertson and the Labour Government.

“It is no surprise pessimism is rife when the Government has hammered consumers with more costs and higher taxes, including increased petrol excise taxes, a regional fuel tax, cancelled tax relief, an Amazon tax and now the prospect of a car tax.

“Falling consumer confidence follows the sharp fall in business confidence earlier this week to levels not seen since the depths of the Global Financial Crisis. The Government needs to take responsibility as it has continued to add costs to businesses, has created massive uncertainty and has demonstrated incompetence in critical areas, most famously with KiwiBuild.

“All main economic indicators are getting worse under this Government. Economic growth is slowing, per person growth has stalled, job creation is in decline and benefit numbers have risen rapidly.

“A slower economy means fewer opportunities for Kiwis to get ahead, to gain well-paying, satisfying jobs, and less ability for our country to afford quality healthcare and public services.

“This Government needs to stop taking economic growth for granted and dial back its anti-growth agenda, while getting on with delivering the infrastructure this country needs.

“A National Government would restore confidence and revive our economy, so that we can lift our aspirations, both in what we can earn and in what social challenges we can overcome.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

General Election Announced: Set For September 19

The 2020 General Election will be held on Saturday 19 September, Prime Minister Jacinda Ardern announced today. “I will be asking New Zealanders to continue to support my leadership and the current direction of the Government, which is grounded in stability, a strong economy and progress on the long term challenges facing New Zealand,” Jacinda Ardern said. “We are running an established and effective MMP Government, and overseeing a strong economy with low unemployment and growth rates the envy of other countries like Australia and the UK while making critical investments in health, education and reducing child poverty. More>>


Gordon Campbell: On The Coronavirus Outbreak

The coronavirus – its official World Health Organisation designation is 2019-nCoV – is believed to have originated as a seafood-to-human transfer, with ground zero for the transfer believed to have been a fish market in Wuhan, China. More>>


WINZ Quarterly Report: More People Getting Into Work

The December quarter benefit numbers released today show the Government’s plan to get people off the benefit and into work is starting to pay off,” Social Development Minister Carmel Sepuloni said. More>>


Changing lives: Boost In Whānau Ora Funding

Whānau throughout New Zealand are set to benefit from an extra three million dollars that will go directly to Whānau Ora Commissioning Agencies, the Minister for Whānau Ora Peeni Henare announced today. More>>


PGF Kaikōura $10.88M: Boost In Tourism & Business

The Provincial Growth Fund (PGF) is investing $10.88 million to boost business and tourism opportunities in Kaikōura, Parliamentary Undersecretary for Regional Economic Development, Fletcher Tabuteau announced today. More>>


Whitebaiting: Govt Plans To Protect Announced

With several native whitebait species in decline the Minister of Conservation Eugenie Sage has today released proposals to standardise and improve management of whitebait across New Zealand. More>>


Education: Resource For Schools On Climate Change

New resource for schools to increase awareness and understanding of climate change... More>>






InfoPages News Channels