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


National’s Unaffordable Promises Piling Up

National’s campaign is stumbling along as a set of unfunded, ad-hoc announcements which will mean higher debt or more cuts to services like health and education, Labour Finance Spokesperson Grant Robertson says.

“The more National keeps announcing policies that they haven’t got the money for, the more they’ll need to cut essential services like health and education to make their numbers work.

“Their irresponsible approach also puts the recovery at risk. The COVID 19 pandemic is not over, but National has already spent most of the $12 billion Labour has put aside to manage any further outbreaks and support critical responses such as vaccines.

“National’s plan simply does not add up. Paul Goldsmith set aside only $200 million for unannounced policies in his alternative budget. Since then National has announced;

- $225 million for skills

- $116 million for mental health (excluding a previously announced meth plan)

- $50 million for the SFO

- promised to save “every Tourism job”

“They are making it up as they go along. This is a result of National’s internal chaos, with three different leaders in four months, and the absence of any MPs experienced in putting a Budget together.

“They have overspent the kitty, and are now scrambling to find enough shade to cover where the money is coming from for ideas made up on the fly on the campaign trail.

“Their latest excuse is to say policies will be funded by their new ‘infrastructure bank’. National made at least three policy announcements this week – $600 million for water storage, a promise for a dry dock and tourism infrastructure – where they said funding would come from their new bank.

“Problem is, National’s fiscal plan says nothing about how much it will borrow to set up the bank and provide it with its initial capital. It’s a bank with no money in it.

“When they announced it, National said the bank’s equity capital will be provided by the Government, topped up by a raid on Green Investment Finance Ltd, as well as additional borrowing by the bank. None of this is in their fiscal plan. Paul Goldsmith needs to say how much he will put aside for his shiny new bank.

“Labour has always said that National’s fiscal Bermuda Triangle of less revenue, more spending and drastically lower debt can’t work. Paul Goldsmith has put together a plan that is both irresponsible and unaffordable and it gets more so every day.”

“Labour’s top priority is keeping New Zealanders safe. This is a tricky virus that can’t just be ordered to go away. That’s why we’ve kept aside $12 billion in the COVID Fund to deal with the impact if there were to be another outbreak – so that we could support the health response, give businesses certainty, and cushion the blow for households.”

“Equally, a global pandemic is not the time to be putting basic health services at risk. An economic recovery is not the time to put education services at risk. It is not the right time to be running down the COVID Fund for tax cuts, when the rest of the world is experiencing alarming second waves of infection.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ability to pick winners. Others would have looked at the dying remnants of the old Act Party and written it off. Yet National needed an MMP partner and it saw the potential where no-one else did. And so it re-grew the Act Party in a petri dish in Epsom, and carefully nurtured it back to life... More>>


Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

PSA: Labour-Led Government Has Mandate For Transformation, Equality And Transparency

The Public Service Association welcomes the progressive electoral landslide New Zealand voters delivered on Saturday, and the union says its members look forward to implementing policies that reduce poverty and inequality, support affordable housing ... More>>


Poll: Labour On 46%, National 31%, While Greens And ACT Both On 8%

Tonight's political poll puts Labour on 46 percent and National on 31 percent with just one day remaining until election day. More>>


Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... More>>


Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>

Gordon Campbell: On Four-Year Terms Of Parliament, And On How The US Courts Are Dismantling Democracy

Last week, the issue of four-year parliamentary terms surfaced again. Infuriatingly, it is being discussed purely in terms of its convenience for political parties. They’d get so much more time to enact their policies, free of scrutiny or sanction by voters ... More>>





InfoPages News Channels