Parliament

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

 

Clarity Needed On Wage Subsidy Scheme

As National supports the urgent wage subsidy to businesses affected by COVID-19, we request the Minister of Finance to clarify the assumptions underlying the policy, National’s Finance Spokesperson Paul Goldsmith says.

“Grant Robertson today was very vague about the assumptions underlying this $5 billion policy.


“Wage subsidies for struggling businesses are urgently needed and National welcomes the policy.

“Our primary concern with the Government’s scheme is that businesses can only claim subsidies for the first 21 employees.


“Basic questions need to be answered, such as how many workers are expected to be covered.


“Based on data from MBIE, there are 600,000 workers in New Zealand who work for a business with fewer than 20 employees. For the 15,000 businesses with more than 20 employees, there are only around 300,000 workers who will be eligible to be covered.


“That means there are approximately 900,000 workers eligible for the wage subsidy scheme. Yet based off the $5.1 billion policy, the Government is assuming over 700,000 workers will need to be subsidised.


“It seems unrealistic to think that over 80 per cent of eligible workers will be subsidised over the next 12 weeks.


“The Government needs to release the data and assumptions underlying the policy. The Minister of Finance’s refusal to immediately release the Cabinet Paper underpinning the policy is appalling.

“Major spending decisions, no matter how urgent, deserve basic scrutiny.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On What Leadership (And The Lack Of It) Looks Like

Leadership is an intangible quality, but most New Zealanders will be thanking their lucky stars for what’s being provided by PM Jacinda Ardern and Ministry of Health Director-General Ashley Bloomfield. On a daily basis, both have been clear and decisive about the rationale for the policies they’re pursuing and - by and large - they’re managing to re-assure the public, and yet prepare them gradually for the bad times and challenges to come...More>>

 


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:

Government: Nation Steps Up To COVID-19 Alert Level 2

New Zealand has been moved up to COVID-19 Alert Level 2, Reduce Contact, in an escalation of efforts to reduce the spread of the virus in New Zealand, Prime Minister Jacinda Ardern announced today... More>>

ALSO:

COVID-19: Business Response Package

Cabinet today approved the development of a Business Continuity Package to help support the economy through the disruption caused by COVID-19. “New Zealand is well-placed to respond to COVID-19. 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:


Land, Air And Sea: Regions To Benefit From NZ Upgrade

Regional New Zealand will be a hive of activity in the coming months as the New Zealand Upgrade Programme delivers on its promise to modernise our infrastructure, prepare for climate change and help grow our economy. As part of the $12 billion ... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels