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


Out Of The Dip But Big Challenges Remain

21 December 2006

Out Of The Dip But Big Challenges Remain

The September quarter GDP figures look back on the recent dip in economic activity when in fact the economy is now picking up, the Council of Trade Unions said today.

Now the key issues we face are less about the economic cycle and more about structural issues such as low savings, high household debt, a high current account deficit, low wages and low productivity.

Peter Conway, CTU economist said today that "these are not issues that monetary policy can address".

“The CTU wants to see the Business Tax Review include an option of a 4% tax cut for business offset against compulsory employer contributions to KiwiSaver rather than a simple cut in company tax.”

“We want to see even more investment in skills, technology and quality infrastructure and we also are seeking a much more positive approach from employers to industry bargaining to lift wages.”

“Unions also want to see economic growth that is not based on increasing hours of work of work for those already stretched too far, but innovative work practices and value added products and services," Peter Conway said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Criminalising Of Rap Music

For black youth in America, there can be only three ways out of the ghetto: athletics, music or drug dealing. And for every individual who succeeds in making it out, dozens more attach themselves to their celebrity crews in order to bask in the reflected glory, and partake of the lifestyle. And what rap musician can afford to turn their back entirely on the ‘hood, when staying street and staying real is what their audience demands of them..?


Government: New Zealand To Stay At Orange For Now
With New Zealand expecting to see Omicron cases rise during the winter, the Orange setting remains appropriate for managing this stage of the outbreak, COVID-19 Response Minister Chris Hipkins said today... More>>

Australian Election: Prime Minister Congratulates Anthony Albanese
Prime Minister Jacinda Ardern has congratulated Anthony Albanese and the Australian Labor Party on winning the Australian Federal election, and has acknowledged outgoing Prime Minister Scott Morrison... More>>

Government: Helps Supermarket Shoppers Get A Fair Deal
Urgent Budget night legislation to stop major supermarkets blocking competitors from accessing land for new stores has been introduced today, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>

Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>

National: Jacqui Dean To Retire From Parliament In 2023

Waitaki MP Jacqui Dean has announced that she will not be seeking re-election at the 2023 election. “I have advised the President and Leader of the National Party that I have decided not to put my name forward... More>>




InfoPages News Channels