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Asset sales: Key’s scorched earth tactics will backfire

Written By: - Date published: 9:14 am, October 25th, 2013 - 60 comments
Categories: election 2014, privatisation - Tags:

Granny supported little Johnny’s plan to go off to market and sell the family’s cash cow. But even she’s furious that what he’s come back with amounts to nothing more than a hill of beans. If Key and co couldn’t get a good price for Meridian, they shouldn’t have sold the bloody thing.

As Granny Herald notes, that they’re pushing ahead with the remaining sales regardless is all about ideology, and the knowledge that they’re going to lose the next election.

It’s the political equivalent of scorched earth tactics: if National can’t have the government any more, they’ll steal everything they can and leave as little as possible to the victors.

Of course, this is just going to make their slaughter at the next election even worse. The complete failure of their asset sales and their heedless, reckless determination to keep on going in the face of overwhelming public opposition, including the coming referendum, is going to rip a huge hole in their support. I reckon we’ll see a poll with Labour ahead of National within 6 months.

And then, as a strongly mandated Labour-Greens government pushes through NZ Power, the tory elite who are buying these electricity companies will get a shock as they find that cheaper power means their shares aren’t worth half what they think they are.

60 comments on “Asset sales: Key’s scorched earth tactics will backfire”

  1. Ad 1

    From David Cunliffe when asked about whether Labour would buy back shares in sold companies:
    “All options are on the table”
    That’s all he would say – and all that’s appropriate at this point.

    A political question is whether this will turn into general unease as within the “Right Direction/Wrong Direction” polling. If unemployment stays around where it is or gets worse, it will be harder for them to win power back. But at the moment, National remnain perceived as the superior economic managers.

    Very surprised Parker isn’t attacking harder. Cosgrove is solid but not yet making the public feel emotion at a visceral and popular level. There’s still too much nationalist space being left for Winston to fill.

    Can Labour translate asset sale chaos into tilting public mood about economic management competence? It appears their to lose, but it’s been lost before as in 1996.

    • ghostwhowalksnz 1.1

      Since the majority owner of Mighty River Power , has Ok ed the buyback of its shares, we can see that the ‘unthinkable’ option has occured much sooner.

      Look at what else has been ‘bought back’

      Air New Zealand

      Kiwirail

      Chorus ( in a round about way its getting a government mandated subsidy)

      I think the BNZ was a part sale, got into difficulties, required a bailout but was onsold immediately

      • Dumrse 1.1.1

        Who bought back Kiwi Rail? And whilst you’re at it how about expanding your Chorus buy back comment. Tell us about the subsidy?

        • richard 1.1.1.1

          Why don’t you look it up yourself?

          In this 2008 television news footage, Finance Minister Michael Cullen talks about the government’s buying back of the rail network. In 1993 New Zealand’s rail system (including the track network) and inter-island ferries were sold for $328 million. Renamed Tranz Rail, the organisation performed poorly, and in 2003 was bought out by the Melbourne-based Toll Holdings. In 2004 the government repurchased the rail infrastructure, by then very run-down, for $1, vesting it in a new state-owned enterprise, Ontrack. The government also spent $75.8 million buying a stake in the rail operator, and provided it with a $44-million cash injection. On 1 July 2008 the government spent $665 million buying Toll’s rail and ferry operations outright, renaming the company KiwiRail.

          http://www.teara.govt.nz/en/video/32685/buying-back-kiwirail

    • dave 1.2

      we can not announce any buy back or these torys will think they have a bailout point NO far better to bring in power nz force the power companies to average there costs at which point the shares will be worth around a $1.35 mrp .then buy them back. but no bailout for these wankers !

    • poem 1.3

      “National remnain perceived as the superior economic managers”

      What gives you that idea Ad? the reality of national’s unsustainable line of policy shows national up as abject failures and the majority of kiwis now see that.

    • rangelife 1.4

      “National remain perceived as the superior economic managers”

      hmmmmm I’d say there’s an overwhelming recognition that National’s economic management is based on maintaining low-wages for the majority, with the management/asset owning classes profiteering nicely. The crony capitalism charges are beginning to resonate more & more. And the assets sales debacle is an own goal for this government in so many ways …

  2. Lanthanide 2

    You know, there’s no reason the government can’t force the Superannuation Fund to buy the shares back.

    My BF reckons that Cullen should have shifted ownership of these SoEs into the superfund at the time it was started, instead of putting cash in for the first few years.

    • Pete 2.1

      It’s better public policy to allow the fund managers of the Super Fund and ACC to make the most prudent investment decisions they can rather than raid these funds for money under the figleaf of an SOE transfer.

      • Lanthanide 2.1.1

        Yeah, it’s not such a good position now. But at the creation of the fund, it would have been pretty easy to justify moving these strategic, long-term assets with good dividend returns into the fund. Then National wouldn’t have had any chance to sell them, for risk of looking like they were plundering the pension.

        A government could still move the remaining 51% stake in.

        • Matthew Hooton 2.1.1.1

          But the purpose of the Cullen Fund is to one day sell down all its assets to help pay for superannuation, so the shares in the companies would eventually go back on the share market, which I don’t think is what you would support long term.

          • dv 2.1.1.1.1

            But doesnt the Cullen fund get income from its investments?
            If it is big enough then a selldown won’t be needed will it.

          • Tat Loo 2.1.1.1.2

            which I don’t think is what you would support long term.

            A sell down 40-50 years down the track is no problem.

            • Matthew Hooton 2.1.1.1.2.1

              I thought the selldown would be more like around 20 years from now – certainly not 50 years; the baby boomers will all be well dead by then.

              • Tat Loo

                Hey Matthew. Cool icon.

                Why would you sell down high earning assets?

                Anyhows Stephen Joyce said that the retirement age could stay at 65 through to 2060 no problem. And I trust him on that.

          • felix 2.1.1.1.3

            “But the purpose of the Cullen Fund is to one day sell down all its assets”

            Cough (bullshit) cough.

            • greywarbler 2.1.1.1.3.1

              felix
              I thought that it was to particularly provide for a projected demographic bulge
              not far off so that the shock to the economy wouldn’t be great. It was to be a smoothing out of the spike of oldies’ super and ageing costs.

              That’s how I remember it and too, does Hooters.

          • Lanthanide 2.1.1.1.4

            Pretty simple, Hoots.

            When the fund was set up, the power companies should have had nominal ownership transferred to the fund.

            The dividends would be paid to the fund. The NZ Government would then have topped up the fund by $1B – dividends each year, instead of $1B.

            At the time the fund is wound up, nominal ownership is simply transferred back to the government. No need to sells shares anywhere.

            This has two benefits:
            1. National would have looked like they were plundering the pension fund if they sold the assets.
            2. National made the political decision to stop contributing money to the fund, but if it owned the power companies then at least the dividend stream would still be available for re-investment, again unless National wanted to look like they were plundering the pension.

            • Tat Loo 2.1.1.1.4.1

              Bloody impressive, Lanth.

            • RedBaronCV 2.1.1.1.4.2

              And when Labour are back in with a 51% shareholding they can rearrange the actual power producing assets between the companies at the cheapest prices they can manage leaving the partly privatised ones with zip or coal fired plants, and company that is wholly owed with the dams etc.
              Then bring in controls on non renewable energy and drop the bottom out of the partly privatised coys. Go Lanth

          • tricledrown 2.1.1.1.5

            MH logically we could have a no tax economy if we had enough investments but national are purely ideologically driven.
            Tis is all about looking after those who are already well off and keeping those who aren’t well off poor and disenfranchised grovelling to to likes of you and your ilk for the crumbs!
            This is not the kiwi way ,kiwis like sharing and caring.
            Nactional is about making Kiwis selfish snobby and narcissistic like yourself Hooten!

      • Tat Loo 2.1.2

        it’s only an accounting fiction. No actual cash need be transferred out of those funds in order for the SOE assets to go in.

  3. phil 3

    xox
    Why don’t we all change power companies to support the Government owned one? Why don’t we all join Kiwibank? All the profits would stay in NZ and not go to Australia?

  4. Jokerman 4

    raise the jolly roger.

  5. BM 5

    I didn’t have an issue with partial assets sales.

    I think the main reason they haven’t been as successful as hoped is that people just don’t think the share market is particularly sexy.
    Labour and the Greens undermining them didn’t help either.

    You don’t see big gains happen in the share market or hear of people making their fortune compared to property, so people think investing in stocks is a waste of time.

    Lack of leverage and volatility is a big negative against investing in NZ stocks.

    • One Anonymous Knucklehead 5.1

      You don’t have an issue with partial asset sales, and lack of leverage and volatility is a big negative against investing in NZ stocks.

      That seems perfectly clear. No, wait…

      • BM 5.1.1

        No, I don’t have an issue with the idea of selling state “assets”,I don’t think they’re some amazing jewel in New Zealands crown.

        What I was trying to point out was that one of the reason the take up was so poor was because of other factors such as the way stocks are perceived in NZ.

        • One Anonymous Knucklehead 5.1.1.1

          What I was trying to point out was that I doubt very much you would have sold shares in these companies if you owned them yourself, given the historical dividend performance and the local market volatility etc.

          To put it another way, there are inherent contradictions between your ideology and your ethics.

          • BM 5.1.1.1.1

            I would have sold them some where else.

            It’s a bit like selling your wares in Gore, you’re not going to get as good a price as you would if you sold them in Auckland.

            • Rogue Trooper 5.1.1.1.1.1

              likely to experience some dampness in the smalls

            • One Anonymous Knucklehead 5.1.1.1.1.2

              That actually makes a kind of sense: bring capital into the country by floating in one of the offshore exchanges. Assuming the capital raised was worth more than the existing dividend flow (I’m picking there’s some sort of way to calculate that) and assuming you reinvested the capital.

              Kind of a hard sell politically, though. Good luck.

              • McFlock

                if the capital raised exceeded the dividend flow, they wouldn’t buy it anywhere.

                New owners expect to get more money out than they put in.

    • One Anonymous Knucklehead 6.1

      Yes, little Bretty.

      • Brett Dale 6.1.1

        Knucklehead:

        What are the ages of the people who write these pieces?

        • One Anonymous Knucklehead 6.1.1.1

          How old do you have to be to use the diminutive as a gesture of ridicule or contempt?

          Is the analogy of Granny (she’s 150 this year) and little Johnny (100 years her junior) apt?

          Is your affected disapproval of any consequence?

  6. Jokerman 7

    20:21 An inheritance quickly gained at the beginning will not be blessed at the end.
    A prudent man sees danger and takes refuge but the simple keep going and suffer for it. 22:3

  7. Tracey 8

    Yes brett how old they are is more importAnt than what they write. How many shares did you sign up for in meridian?

    • Tracy:

      Does the op think calling Prime Minister, John Key, “little johnny” is funny or clever or making a great satirical point?

      Its almost as cliche as David Cunliffe, saying. Labour cares about the little New Zealander and not the Wall street bankers”

      • Sable 8.1.1

        More to do with the fact Keys is small minded, mean spirited, selfish. He chooses to make himself a “little” man.

    • Tracey:

      I stopped buying shares in NZ companies after the former labour government decided who i could sell my shares too.

  8. Tracey 9

    Jokerman

    to be is to do satre
    to do is to be descartes
    do be do be do sanatra

  9. greywarbler 10

    tracey
    😆

  10. Sable 11

    Even the Tory birdcage liner has turned against the little Emperor. Of course rats always flee from a sinking ship….

    • Naturesong 11.1

      Not completely. After recognising that the sales are driven by ideology the editorial finishes with:

      It also does little to inspire confidence in the part-float of the final power company, Genesis Energy. The Government, however, has no choice but to push ahead. It would make no sense to pause now, leaving Genesis with a different ownership structure.

      The reasoning appears to be “Hey, in the against all economic sense and overwhelming public opposition we’ve sold two public utilities, and fucked up the selling of those utilities therefore we must continue … ” to fuck the rest up?

  11. newsense 12

    http://www.stuff.co.nz/business/9327829/Len-Brown-would-go-if-he-was-CEO-say-lawyers

    can’t wait for these can’ts to do a feature on what would happen to CEO who flogged off the company’s revenue stream for several billion less than what they had budgeted for. Or stopped investement in a fund that returned substantial benefits. Or lost production entirely to an industry through lack of investment.

  12. newsense 13

    And while I’m getting pissy with journalists we had this great headline from the Herald’s Business editor:

    Liam Dann: Cunliffe’s Labour smart to play dumb

    http://www.nzherald.co.nz/liam-dann/news/article.cfm?a_id=106&objectid=11139587

    “A lot of these issues are complex and Labour seems happy to grab headlines with half-baked ideas that don’t bear serious scrutiny”

    Still waiting to see how smart he thinks the Meridian float is…That’s not all a half-baked idea…

    • QoT 13.1

      You have to have a laugh at our media suddenly giving a crap about the complex economic details of policy when it’s Labour announcing them. Not a whisper about John Key’s ever-changing rationale for asset sales – it’s to reduce debt! It’ll pay for schools! It’ll pay for schools and reduce debt!

  13. Lloyd 14

    You don’t sell what you can’t afford to live without. Can New Zealand afford to live without these electricity companies?

  14. tricledrown 15

    Blind monetarist people are not as silly as you make out except those like your self who believe your own shallow propaganda!
    Like Meridian selling power at a $476 million discount to Tiwae point just to help National get the sale through before the next election.
    $30 million bribe to tiwae on top of that plus a $60 million bribe for the new share buyers!
    $30 million to Goldman Sachs (Robber Barron’s) $30 million in advertising.
    $200 to $300 million in lost dividends.
    It doesn’t make economic sense!
    That”s ideology over economic sense and long term planning!

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    No Right TurnBy Idiot/Savant
    2 days ago
  • Metiria Turei: What we need from Budget 2016
    Every family deserves a warm decent home.  Everyone believes that. This housing crisis is just the latest consequence of a Government who puts the interests of the few wealthy people above the needs of NZ families.  Families are doing it… ...
    frogblogBy Metiria Turei
    2 days ago
  • Forcing transparency on Ministerial transport
    One of the perks of being a government Minister is the Ministerial limo - a chauffeur-driven car you can take anywhere. These vehicles are publicly funded and used for public business, so we should be able to see who uses… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Wicklow 2 win unconditional bail
    From éirígí: Great result today as éirígí’s Sean Doyle and Citizens Against Privatisation stalwart Eamonn McGrath were released from Cloverhill prison on unconditional bail. The unexpected outcome came virtue of a “technicality” in committal warrants as papers that were due… ...
    RedlineBy Admin
    2 days ago
  • We shouldn’t just forgive, but pay back odious debt
    Over 9,000 people have signed Action Station's petition calling on the government to forgive odious emergency housing debt. The government's response? Nope:Wiping the debt of people who have been staying in motels for emergency accommodation would not be fair to… ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Opening up NLTF to all modes
    The Green Party released a new freight policy yesterday. They’re looking at ways to invest to increase safety and reduce carbon emissions: The Safer, Cleaner Freight policy sets a target for moving half of freight on rail… ...
    2 days ago
  • The American Black Movement in the Sixties: Victories and Lost Opportunities
    The Black Power slogan of the 1960s was replaced with empowerment for the black American middle class and burgeoning capitalist layers The reign of the first black president in the United States is coming to an end.  Obama, or O’Bomber… ...
    RedlineBy Admin
    2 days ago
  • Hard News: Three Dreams
    I have three dreams. One is characteristic, one is recurring and one is singular.The characteristic one is simple in concept: it's me and my friends going places and doing things. In the last one I can recall, there was a… ...
    2 days ago
  • Did you know this about tigers?
    Next in our series, we turn to the king (and queen) of the jungle - the tiger. Here are 10 incredible tiger facts from forests campaigner Richard George:10. Tigers have better short-term memories than humansTigers’ have one of the best… ...
    2 days ago
  • How well do you know the Polar Bear?
    Since the very beginning of Greenpeace, our movement has been fighting to protect some of the world’s most vulnerable animals. And over the years, we’ve learnt some truly incredible things about the magnificent creatures we share this planet with. So… ...
    2 days ago
  • How well do you know the orangutan?
    Next in the series, forests campaigner Richard George shares his 10 favourite facts about one of of our closest living relatives - the orangutan:10. Orangutans are ticklishThere are two kinds of ticklish. There’s the gentle kind that feels itchy and… ...
    2 days ago
  • Income inequality is one of the defining issues of our time
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    Closing the GapBy Ben Smith
    2 days ago
  • Dying For Latvia?
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    2 days ago
  • How much do you really know about turtles?
    I’m Willie and I’m an oceans campaigner here at Greenpeace.Over the years I’ve had the privilege of watching turtles from the bow of Greenpeace ships, and many of my colleagues have encountered these peaceful ocean wanderers far out at sea… ...
    2 days ago
  • How much do you know about whales?
    I’m Willie and I’m an oceans campaigner here at Greenpeace.Over the years I’ve had the privilege of seeing lots of whales, both from the deck of Greenpeace ships, and also on whale-watching trips. I’ve been lucky enough to see massive… ...
    2 days ago
  • Are noisy oceans to blame for beached whales?
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    2 days ago
  • Sylvia Park growth plans
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    Transport BlogBy John Polkinghorne
    2 days ago
  • PrintNZ Forum Speakers Enlighten Delegates
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    Its our futureBy ScoopBlogPush
    2 days ago
  • Nick Smith: There is NO crisis
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    My ThinksBy boonman
    2 days ago
  • Tracking the 2°C Limit – April 2016
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    2 days ago
  • Fanshawe St Bus Stop improvements
    Occasionally it is small projects that can have a lot of impact on people’s PT experience. With the ever growing number of people working near Victoria Park, an upgrade to the bus stops on Fanshawe St along with improvements to the… ...
    2 days ago
  • Fanshawe St Bus Stop improvements
    Occasionally it is small projects that can have a lot of impact on people’s PT experience. With the ever growing number of people working near Victoria Park, an upgrade to the bus stops on Fanshawe St along with improvements to the… ...
    2 days ago
  • An abuse of the Speaker’s chair
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    No Right TurnBy Idiot/Savant
    3 days ago
  • An abuse of the Speaker’s chair
    Last week NewsHub revealed leaked MPI reports which showed that MPI had been turning a blind eye to widespread criminal behaviour in the fishing industry. Today was the first day of Parliament since those revelations, and given their seriousness, it… ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Punakaiki Fund invests in Populate
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    Lance WiggsBy Lance Wiggs
    3 days ago

  • How the budget fails new New Zealanders
    Greens co-leader James Shaw was absolutely correct to say the 2016 budget is just papering over the cracks. There’s nothing in this budget to increase wages, address inequal pay for carers or deal with the shocking pay rates and employment… ...
    GreensBy Denise Roche
    10 hours ago
  • Parents will pay more as school budgets frozen
    Parents will pay more for their kids’ education as a result of this year’s Budget after the Government froze operational funding for schools, Labour’s Education spokesperson Chris Hipkins says. “This means schools are effectively going backwards. They will need to… ...
    12 hours ago
  • Sticking Plaster Budget fails the test
    Bill English’s penultimate Budget fails to tackle the structural challenges facing the economy – a housing crisis, rising unemployment, underfunded health and creaking infrastructure, says Labour’s Finance spokesperson Grant Robertson. “This Budget applies a sticking plaster to a compound fracture.… ...
    13 hours ago
  • John Key fails middle New Zealand with no fix for housing crisis, more underfunding of health
    Middle New Zealand has again missed out in this year’s Budget with not a single fix for the housing crisis, and health and education woefully underfunded again, Leader of the Opposition Andrew Little says. “This Budget is just a patchwork… ...
    13 hours ago
  • Labour Bill would back Kiwi jobs
    The Government’s $40 billion of buying power would go towards backing Kiwi businesses and jobs under a Labour Member’s Bill which will be debated by Parliament, Leader of the Opposition Andrew Little says. “My Bill – which was pulled from… ...
    15 hours ago
  • Julie Anne Genter: My Budget 2016 wish is fairness
    When my parents first visited me in Auckland ten years ago, they remarked on how there were no homeless people on the streets. Coming from Los Angeles, they were used to seeing the impacts of horrendous inequality and a lack… ...
    GreensBy Julie Anne Genter
    16 hours ago
  • Steffan Browning: Pesticide reduction and Organic Growth Strategy in Budget 2016
    Pesticide reduction The Budget is an opportunity for the Government to launch a pesticide reduction strategy that multiplies the Environmental Protection Authority’s (EPA) and the Ministry for Primary Industries’ capacity to reassess pesticides and other toxins.  The Agricultural Compounds and… ...
    GreensBy Steffan Browning
    17 hours ago
  • Steffan Browning: Pesticide reduction and Organic Growth Strategy in Budget 2016
    Pesticide reduction The Budget is an opportunity for the Government to launch a pesticide reduction strategy that multiplies the Environmental Protection Authority’s (EPA) and the Ministry for Primary Industries’ capacity to reassess pesticides and other toxins.  The Agricultural Compounds and… ...
    GreensBy Steffan Browning
    17 hours ago
  • Minister won’t fess up on wrong figures
    The Minister of Health was caught out telling porkies in Parliament today when he was asked about the number of people getting access to mental health and addiction services, says Labour’s Health spokesperson Annette King. ...
    1 day ago
  • Budget 2016 and our LGBTQI communities
    LGBTI people make up about a tenth of our population, and our communities face a unique set of needs and challenges. These challenges are caused or exacerbated by discrimination, invisibility and barriers to appropriate support. We have a long way… ...
    GreensBy Jan Logie
    2 days ago
  • Budget 2016 and our LGBTQI communities
    LGBTI people make up about a tenth of our population, and our communities face a unique set of needs and challenges. These challenges are caused or exacerbated by discrimination, invisibility and barriers to appropriate support. We have a long way… ...
    GreensBy Jan Logie
    2 days ago
  • Scrambled announcement policy on the hoof
    Paula Bennett’s scrambled desperate announcement that she will pay homeless people to move to the regions is just the latest evidence of the disarray this Government’s housing policy is in, Leader of the Opposition Andrew Little says. “This is policy… ...
    2 days ago
  • Police Minister admits resolution rates fall short of expectation
    Police Minister Judith Collins has admitted in Parliament current burglary resolution rates are not meeting the expectations of our communities, says Labour’s Police spokesman Stuart Nash “Out of 284 police stations in New Zealand in 2015, 24 stations recorded zero… ...
    2 days ago
  • Mojo Mathers: A better deal for animals in Budget 2016
    Currently we are failing animals in NZ. On the face of it farmed and domestic animals in this country have strong legal protection from abuse, cruelty and neglect. In reality it seems that only the very worst, most extreme cases… ...
    GreensBy Mojo Mathers
    2 days ago
  • Metiria Turei: What we need from Budget 2016
    Every family deserves a warm decent home.  Everyone believes that. This housing crisis is just the latest consequence of a Government who puts the interests of the few wealthy people above the needs of NZ families.  Families are doing it… ...
    GreensBy Metiria Turei
    2 days ago
  • Dairy exports fall of 11%: Budget action on diversification needed
    Dairy exports have fallen 11 per cent compared to this time last year, a fall of almost $1.5b, showing the Government must take clear action on diversifying the economy in tomorrow’s Budget, says Labour’s Trade and Export Growth spokesperson David… ...
    2 days ago
  • Investors driving families out of homes in South and West Auckland
    Investors cashing in on skyrocketing Auckland house prices are driving families out of homes in South and West Auckland and causing homeownership rates in some of our poorest suburbs to plummet, Labour’s Housing spokesperson Phil Twyford says. “New analysis shows… ...
    2 days ago
  • Budget must deliver on paid parental leave
    Budget 2016 must deliver 26 weeks paid parental leave by April 2018 – anything less will be short-changing families, says Labour MP Sue Moroney. “My Bill which is before Parliament this afternoon has majority support and does just that. I… ...
    2 days ago
  • Key’s “brain fart” on tax cuts news to English
    John Key didn’t tell his own Finance Minister he was about to go on radio and announce he wanted $3b of tax cuts, just days after Bill English ruled them out, says Labour’s Finance spokesperson Grant Robertson. “In Parliament today… ...
    3 days ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    3 days ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    3 days ago
  • Denise Roche: What I’m looking for in Budget 2016 Pt II
    Aotearoa’s new New Zealanders,  come to our country in vulnerable position: – often away from the culture, communities and families they know, sometimes in neighbourhoods without familiar faces and often encountering barriers to employment. With net migration at 50,000+ a… ...
    GreensBy Denise Roche
    3 days ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    3 days ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    3 days ago
  • A great Budget would
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    GreensBy Catherine Delahunty
    3 days ago
  • Budget building materials policy backfires
    On the eve of this year’s Budget official figures show Nick Smith’s Budget 2014 centrepiece to reduce the cost of building materials has backfired, says Labour’s Housing spokesperson Phil Twyford. “Ministry of Business, Innovation and Employment officials have spent the… ...
    3 days ago
  • Smarter, Better, Cleaner, Stronger
    This Thursday Bill English will deliver his eighth Budget. Will it continue the trend of previous National budgets, making tertiary education less affordable, putting only token funds into innovation, and subsidising polluters? Budgets aren’t what they used to be. Once… ...
    GreensBy Gareth Hughes
    3 days ago
  • Govt must come clean on tax cuts in Budget
    National is making a mockery of the Budget process by dangling the promise of tax cuts but failing to include them in the Budget, says Labour’s Finance spokesperson Grant Robertson. “National’s tax cut promises have turned into a farce. One… ...
    4 days ago
  • Grant Robertson Pre-Budget Speech
    Today I want to talk about success. As we know success can come in many different forms, from the fact you all made it here at such an early hour on a Monday, for which I am very grateful, to… ...
    4 days ago
  • Budget must deliver for middle New Zealand
    The Government must ensure next week’s Budget stops the squeeze on middle New Zealand and delivers shared prosperity for all New Zealanders, Leader of the Opposition Andrew Little says. The call follows new research commissioned by Labour that shows working… ...
    5 days ago
  • Our housing emergency – why we have to act
    Marama and Metiria at Homes Not Cars launch On Thursday, Metiria Turei announced the Green Party’s plan to start addressing the emergency housing crisis facing our country. Too many people are without homes right now – homeless. It is the… ...
    GreensBy Marama Davidson
    6 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    7 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    7 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    7 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    7 days ago
  • Car rego victims must get a refund
    Motorists who have been overcharged for their car registration should get a refund, says Labour’s Transport spokesperson Sue Moroney.  “Minister Nikki Kaye’s ‘faulty risk’ rating scheme has blown up in her face with over 170 different models of car having… ...
    7 days ago
  • Council statement shows they just don’t get it
    The Auckland Council’s statement today shows they don’t understand the problems created by the urban growth boundary, says Labour’s housing spokesperson Phil Twyford.  “I have been the first to defend the Auckland City Council when Bill English has been blaming… ...
    7 days ago
  • Inspecting electronic devices a potential privacy threat
    Labour is expressing concern for New Zealanders’ privacy rights as the Government signals Customs will have the power to inspect electronic devices coming across the border, says Labour’s Customs Spokesperson Rino Tirikatene. “We agree that customs officers should have the… ...
    7 days ago
  • The Price of Water
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    GreensBy Catherine Delahunty
    7 days ago
  • Caption It NZ!
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    GreensBy Mojo Mathers
    1 week ago
  • Older Kiwis to miss out on electives
    The Government is not doing enough elective surgery to keep up with New Zealand’s ageing population, says Labour’s Health spokesperson Annette King.  “It’s damning that the targeted national intervention rate for cataract and knee and hip surgery is the same… ...
    1 week ago
  • Most principals say their college is underfunded
    The Government must substantially increase funding for secondary schools in next week’s Budget after a new survey found 86 per cent of principals consider their college under-resourced, Labour’s Education spokesperson Chris Hipkins says. “Just 14 per cent of secondary principals… ...
    1 week ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    1 week ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    1 week ago
  • Labour calls for independent inquiry into illegal fish dumping
    The Labour Party is reiterating its call for an independent inquiry into New Zealand’s fishing industry after two reports revealed the Ministry for Primary Industries turned a blind eye to widespread fish dumping in New Zealand waters, says Labour’s Fisheries… ...
    1 week ago
  • Mt Karangahake and Newcrest Mining
    On Wednesday and Sunday of last week the local residents of the Karangahake mountain in the Karangahake gorge of Hauraki/Coromandel peacefully protested against a gold mining drill rig on private land adjacent to the DOC land. The drilling rig was… ...
    GreensBy Catherine Delahunty
    1 week ago
  • Robbing Aucklanders to pay Rio Tinto
    New Zealand’s national electricity grid stretches the length of the country and contains some 11,803 kilometres of high-voltage lines and 178 substations. It wouldn’t make sense for competing power companies to duplicate and build their own expensive electricity transmission system… ...
    GreensBy Gareth Hughes
    1 week ago
  • Government should abolish Auckland urban growth boundary
    The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “Over 25 years the urban growth boundary hasn’t… ...
    1 week ago
  • Kiwis don’t want iPads for Land deals
     It is outrageous that schools are relying on money and iPads from foreign land investors to meet the learning needs of their students, says Labour’s Education spokesperson Chris Hipkins.  “Several OIO land applications by offshore investors have claimed that without… ...
    1 week ago
  • Homelessness – National has failed all of us
    A young South Auckland Māori woman recently tried to get hold of me around midnight. I missed her call. The woman wanted me to know the sharp reality facing too many families looking for a stable place to live. Things… ...
    GreensBy Marama Davidson
    1 week ago

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