Parliament

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

 

Economic Management Must Improve Dramatically

Weak economic growth and projected deficits show the New Zealand economy is poorly prepared for the economic shock of Coronavirus, National’s Finance Spokesperson Paul Goldsmith says.

“The Minister of Finance needs to recognise the pre-existing weaknesses in the New Zealand economy. We should be doing better than we are.

“What’s needed now is strong economic management, a clear focus on growth and improved productivity.

“Growth of 1.6 per cent in 2019 - as estimated by the Reserve Bank - and projected Budget deficits are not signs of an economy well prepared for a shock.

“The slowdown in 2019 is a direct result of the Government introducing more tax, excessive regulations and gutting New Zealand’s infrastructure pipeline. Under National’s responsible economic management, New Zealand was much more resilient to these type of economic shocks.

“Rather than recognise weaknesses in the economy and signal a readiness to change settings to support growth, the Minister of Finance this morning did the opposite by suggesting the economy had ‘good momentum’ in the first half of the financial year.

“This sort of complacency is concerning and suggests the Minister of Finance is not prepared to make the necessary changes to support the economy.

“The Government should be focused on policies that deliver growth and increased productivity. That would involve reducing costs and regulations for businesses, stimulating demand with tax relief for middle income earners, increasing labour market flexibility and encouraging the flow of investment.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Wage Cuts, And The Listener’s Demise

Various levels of across the board wage cuts – 10%? 15% ?- are being mooted for workers in some of our larger firms, in order to help the likes of Fletchers, Mediaworks etc survive the Covid-19 crisis. It is extraordinary that unions should be having to explain to employers (and to the public) just how unfairly the burden of such a response would fall. Basically, if you’re on a salary in six figures, a 10-15% haircut can still be worn fairly lightly. If you’re employed at or below the median wage, losing 10% of your income can be a hammer blow... More>>

 
 

Government: Seeking Infrastructure Projects


The Government has tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to reduce the economic impact of the COVID-19 pandemic, Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones say...More>>

ALSO:


Police Commissioner: Christchurch Terrorist Pleads Guilty

Police acknowledge the guilty pleas in the Christchurch Mosque attacks prosecution that were entered in the Christchurch High Court today. The guilty pleas to 51 charges of murder, 40 charges of attempted murder and one charge of engaging in a terrorist ... More>>

ALSO:

Transport: $54 billion Investment In Draft GPS 2021

The Draft Government Policy Statement (GPS) 2021 on land transport confirms that the Government will invest a record $54 billion in its balanced transport policy over the next decade. More>>

ALSO:

Gordon Campbell: On The Loss Of Abortion Safe Zones

No doubt, last night’s defeat of abortion law reform provisions that would have created safe zones around abortion clinics will be portrayed, by some, as a victory for free speech. It isn’t. It was a victory for bigotry and intimidation directed ... More>>

ALSO:

Gordon Campbell: On National's Regulation Crusade

Lets step back in time now, to simpler days and to simple-minded solutions. So…. if National gets elected, landlords will once again be able to evict tenants at will, raise rents anytime they like, and ignore the need to install a healthy standard of heating in the homes they put out to rent. This promised ‘bonfire of regulations’ is being done in the name of cutting red tape... More>>

ALSO:

SMC - Expert Reaction: PF2050 Strategy

DOC has released a strategy to reach Predator Free 2050, along with an action plan through to 2025. The predator-free goal focuses on three groups of mammals: possums, three species of rats, plus stoats, ferrets and weasels... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels