Conflicting statements from Helen Clark and Michael Cullen show how confused Labour’s economic policy is, Bob Simcock Hamilton West MP said today.

“Yesterday Helen Clark said Labour will require the Reserve Bank to manage the value of the New Zealand dollar. The response of Labour’s Finance Minister, Michael Cullen, today shows that he knows this is a very bad idea”, Mr Simcock said.

“On Morning Report today Cullen mumbled, stumbled and simply confused the situation. Cullen must have been advised that setting two conflicting goals for the Reserve Bank is very poor policy. He just wasn’t willing to say that his leader doesn’t know what she’s talking about. He should have”, said Mr Simcock.

“Clark’s gaff and Cullen’s fudging don’t bode well for sound economic policy if Labour held the treasury benches. Their ‘dips and dives’ only confuse people and markets do not like confusion. This is a good warning of how confused economic policy would look under a Labour Government”, Mr Simcock concluded.

ENDS.

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