Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Importers Call For Cullen's Head

Mediacom-Release-Importers-Institute

"For the good of New Zealand, the Minister of Finance must go," Importers Institute Secretary Daniel Silva said today, as the New Zealand dollar continued collapsed below 42 US cents, its lowest-ever value.

"Importers are concerned that this is not just a fall against a strong US dollar. Our currency is also sinking against the Australian and Japanese currencies - and just about every other currency you care to name.

"The collapse of the dollar shows that investors, both here and overseas, are responding to the economic policies of this government by sending their money elsewhere. It is a clear vote of no confidence in the economic policies of the Labour/Alliance coalition.

"It also means New Zealand is on the way to becoming a source of cheap labour for Asia," said Silva.

"New Zealand's GDP per capita is now about half Singapore's and 60% of Hong Kong's. In the month of August alone, the dollar dropped 8% against the Japanese yen.

"A competent government faced with these facts would at least consider the possibility that it, rather than every other government in the developed word, is heading in the wrong direction. But not this government.

"Mr Cullen has no solutions and appears to be in denial," Silva said. "When confronted with a collapse in business confidence, he promised that the government would listen to business."

"We now know that this was an empty promise. It will not work a second time - that is why he must go."

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On Canada’s Election, And The AUKUS Defence Pact


Yesterday, Canada held an election in which everyone lost, including the voters. After holding its most expensive ( $C600 million) election campaign ever, the result was Groundhog Day, with the five main parties getting almost exactly the same number of seats as they did last time around, in 2019. Same overall result too: Liberals leader and PM Justin Trudeau will once again be leading a minority government... More>>

Covid-19, 24/9: 1,131 Overall Cases, 4,900,000+ Vaccine Doses


9 new cases have been discovered in Auckland, currently at Level 3. 886 of the Auckland cases have recovered alongside all of the Wellington cases... More>>

ALSO:




 
 

Government: Next Steps To Improve Safety In Wake Of Whakaari White Island Tragedy
The Government is moving to improve safety in light of the Whakaari White Island tragedy and has released proposals to reinforce safety standards in registered adventure activities... More>>

Government: Expert Group Appointed To Lead New Zealand’s Future Health System
An outstanding group of people with extensive and wide-ranging governance and health experience have been appointed to lead the Māori Health Authority and Health New Zealand, Health Minister Andrew Little says... More>>

ALSO:

Green Party: Kiwis Overseas Must Be Allowed To Vote Next Year
New Zealanders stranded overseas should be allowed to vote in next year’s local government elections and the 2023 general election, the Green Party said today. “The reality of this pandemic is lots of people cannot renew their voting rights when they are home as they normally would... More>>


Power: Bill Changes Bring Fairness To Charges

A key recommendation of an independent panel to make electricity charges fairer across all households will be put in place, the Energy and Resources Minister Megan Woods has announced... More>>



Government: Parks expiry of licenses, WoFs and regos
As a result of the Delta outbreak, driver licences, Warrants of Fitness (WoFs), Certificates of Fitness (CoFs), vehicle licences (‘regos’) and licence endorsements that expired on or after 21 July 2021 will be valid until 30 November 2021, Transport Minister Michael Wood has announced today... More>>



Child Poverty Action Group: Highest jump in weekly benefit numbers since first lockdown

The current lockdown has triggered the largest weekly increase in benefit recipient numbers since the first lockdown last year, and Child Poverty Action Group is concerned the Government isn't doing enough to assist affected families... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels