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

 

PTA announcement a positive signal - CTU


PTA announcement a positive signal

“The new policy targets agreement is a positive signal of a more growth oriented outlook,” said Council of Trade Unions secretary Paul Goulter today.

“The narrowing of the target band and the indication that inflation must be contained over a medium rather than a short term is good news for workers who have been frustrated by the impact of unnecessarily high interest rates on mortgages,” he said.

“Those unnecessarily high interest rates also hamper investment, which could result in more employment.”

The CTU, in its submissions to the Review of Monetary Policy in 2000/01, argued forcefully for changes in the operation of monetary policy.

“Having argued that the changes announced at the conclusion of the Review did not go far enough, we welcome today’s announcement,” said Paul Goulter.

“Workers don’t benefit from high inflation, and no-one wants to see inflation persistently over 3%, but there is no doubt the inflexible approach of the Reserve Bank has at times been very damaging to the productive base of the economy.”

Paul Goulter said driving inflation down to very low levels had reflected an obsessive rather than a considered and flexible approach.

“We hope that this new PTA will herald a change in approach,” he said.

“We welcome the commitment by Dr. Bollard to consult widely in the private sector and the CTU would expect to be included in such consultation.”

Paul Goulter said the new PTA meant that the focus could now shift to other areas of policy which will contribute to economic growth, including investment in skill, economic infrastructure, fostering innovation, and industry sector strategies.

“The CTU is committed to playing a role in this process as workers must be involved in the development of initiatives on growth and productivity,” he said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Government: Traffic Light Levels Announced


The levels at which different parts of New Zealand will move forward into the COVID-19 Protection Framework this Friday have been announced. Northland, Auckland, Taupō and Rotorua Lakes Districts, Kawerau, Whakatane, Ōpōtiki Districts, Gisborne District, Wairoa District, Rangitikei, Whanganui and Ruapehu Districts will move in at Red... More>>

ALSO:


Gordon Campbell: On Omicron, And The Bridges/Luxon Dilemma


At this early stage, the Omicron variant seems to be more infectious, and more able to bypass the protection offered by vaccines and by the antibodies generated by previous infection. The fact that it is being spread around the globe by travellers who were all presumably fully immunised and had pre-flight negative Covid tests is a bit alarming. Even so, it is still unclear at this point whether Omicron is likely to result in higher rates of hospitalisation and death than the Delta variant. Omicron will make you sick. But how sick..? More>>




 
 


Government: New Law Will Clear The Air For Tamariki In Vehicles
From today, it’s illegal to smoke or vape in most vehicles carrying children aged under 18 years old - whether the vehicle is moving or not. “Second-hand smoke poses an unacceptable risk to our tamariki and rangatahi,” Associate Minister of Health Dr Ayesha Verrall said... More>>



Government: Workplace Vaccination Requirements Extended To Cover Police And NZ Defence Force

Workplace Relations and Safety Minister Michael Wood announced today that workplace vaccination requirements will be extended to include the New Zealand Police and Defence Force in preparation for the transition to the new COVID-19 Protection Framework on 3 December 2021... More>>


RNZ: Judith Collins removed as National Party leader
Dr Shane Reti is interim leader of the National Party after Judith Collins lost a no-confidence vote. Simon Bridges was demoted and stripped of all portfolios over allegations of an inappropriate comment made five years ago at a party function. Judith Collins was voted out as National's leader today after the party was locked in a caucus for more than three hours... More>>



AUT: Aucklanders Are Less Concerned With Covid
In reaction to commentary that Aucklanders are at breaking point after more than 100 days in lockdown and that compliance with the rules is under threat, AUT Emeritus Professor of Sociology Charles Crothers says... More>>

National: Launches First Step To World-class Tech Sector

Leader of the Opposition Judith Collins says technology will create exciting careers and higher paying jobs and has the potential to transform the New Zealand economy... More>>

Council For Civil Liberties: Disgraceful Government Secrecy On Vaccination Certificates As Legislation Rushed Through
On the eve of legislation to enable vaccination passes being rushed through Parliament under urgency, the Minister has said it will not publish the relevant policy papers until ‘late January 2022... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels