web analytics
The Standard

Dairy drops further

Written By: - Date published: 8:42 am, July 30th, 2014 - 34 comments
Categories: Economy, Environment, farming, national, same old national - Tags:

As expected, Fonterra has dropped the milk solid payout from $7 per kilogram to $6.

The dairy giant announced farm-gate prices sliding to $6 per kilogram of milk solids for the 2014-15 season, after an initial $7 prediction in May.

South Canterbury Federated Farmers dairy chairman Ryan O’Sullivan said the latest announcement was just another illustration of the dairy industry’s volatility.

“The final payout isn’t till this time next year. Twelve months in dairy is a long time,” he said.

O’Sullivan said dairy farming was like any business and there were no guarantees but there was still a fundamental demand for dairy throughout the world.

Hardly unexpected bearing in mind the increased production worldwide and in NZ and the stockpiling that is evident both here and overseas. The NZ Herald has its usual strange headline “Milk cut hits rural folk”. This diminished payout will impact the NZ  economy far wider than just the rural sector, feeding out into the provincial economies and into the cities.

dairy price index

From my view of the market, it is likely that the oversupply in the world traded dairy market will continue to cause the Fonterra payout price to continue to drop over the next years. Certainly the fall shows no signs of diminishing in recent auctions.

As it is, the expected drop in the NZ income will keep reverberating through National’s “rock-star” economy.

The forecast price reduction represents a total drop in payments to farmers of nearly $1.6 billion from Fonterra’s earlier forecast or a cut in farmers’ collective income by roughly $4.3 billion compared with last season’s record pay-out, according to Westpac.

NZ Herald cartoon: Rock star economy – Monday Feb 03, 2014

As the cartoon points out, there is a pile of debt both in the rural sector and throughout the rest of the economy based on the high prices from the the sale of whole milk powder based on sales into China.

NZ Whole milk powder production

As I said earlier in the month.

Despite the blithe words of National and some rather silly bank economists. I’d say that the dairy boom is slowing and possibly over.  Expect steadily falling export prices for a number of years.

In the meantime, under National in its usual short term boom mode, much of the rest of our export tech and manufacturing economy has been stagnating. Once you strip the processing of dairy from our manufacturing sector, what you see is the continued decline of capacity. This feeds into the capacity of other areas like IT exports, which in NZ are often exporting hardware with software.

New Zealand needs a different economic approach for a long term sustainable future that doesn’t rely on strip mining soil and water or other resources.

National is clearly incompetent at heading us towards such an alternate economic future. They have been consistently mismanaging the NZ economy in putting far too much emphasis on resource extraction and the systematic degradation of our ability to earn our own way in the world.

Time to get rid of National’s lack of imagination and long-term planning from the direction of our economy.

34 comments on “Dairy drops further”

  1. Tiger Mountain 1

    The “milk rush” is ending–time!–last orders!

    The small innovative dairy companies will likely keep on trucking though but as the cartoon indeed illustrates thumping great mortgages and loans will still be there to default on or service as the payout declines.

    All those degraded waterways and running down of timber and sheep, was it worth it?

  2. vto 2

    so we get both toxic rivers and no money?

    so we don’t get either laptops and iphones or rivers to fish and swim in?

    talk about a lose-lose …

    who dreamed this shit up?

  3. minarch 3

    how long do you reckon before the govt decide they need to subsidise those “poor” farmers ?

  4. ianmac 4

    Will this impact on the Government’s claim for balancing the books, or will they leave that for the Labour lead Government later this year?

    • Draco T Bastard 4.1

      I suspect that the incoming government will have a nasty surprise in the PREFU. If it’s a National led government they’ll try to hide the figures as they’ve been doing for the last 6 years and when the figures do come to light they’ll blame Labour. If it’s a Labour led government then their plans will go out the window unless they raise taxes further which will then have National attacking them with the MSM conveniently forgetting that it was National that led us into the crapper.

  5. Tracey 5

    Isn’t the smoke and mirrors with the surplus a part of this argument too? Particularly the unmasking of the rockstar economy as an elvis impersonator?

    Not illegal but bloody misleading

    http://www.stuff.co.nz/national/politics/10311390/Accountant-claims-surplus-result-of-clever-accounting

    • minarch 5.1

      shady accounting is pretty standard for these people and their tax-dodging supporters isnt it ?

      • Tracey 5.1.1

        Yes it is. And the funny thing is that although many people who use shoddy accounting for their own purposes are ok with it, they can feel differently if a Govt is using it to claim something not genuine. I think (maybe it is just hope) that a few fence sitting undecideds would look at black and white stuff like this and say to themselves “lying about a surplus?|We are not doing as well as they say? But i was going to vote for them cos they are doing well with the economy.”

        It’s aline I would like to see in debates, in MSM repeated oft by opposition parties. “the government is using shady accouonting to make it seem like the economy is doing well. There is NO suprplus. We are very much in debt .

  6. infused 6

    So it’s dropping back to normal levels now and you are complaining? Typical.

    It was pointed out 3yrs ago this was coming. If farmers took on more debt, then that’s their problem.

    Just like all other markets, this one was in need of a correction.

    • Ennui 6.1

      Cant complain that you are incorrect, it has been as they say a “boom”. I would go further and agree with you that it was also a predictable “bubble” from an investment viewpoint. Those in early enough to reap the rewards of high prices and to repay debt will be reasonably happy, the later money was always going to be marginal and highly risky.

      It will be interesting to watch the farms for sale notices and the company bankruptcies over the next year, I suspect a lot of them will correlate closely with conversions of land that is marginal for dairy.

    • Tracey 6.2

      unfortunately it is the biggest contributor to the imaginary rockstar economy. It’s all this govt has, apart from the results of an earthquake down south

    • disturbed 6.3

      Infused

      Where’s the new rock star economy then?
      three years ago they weren’t saying we have a rock star economy remember?

      They were warning us all to expect cuts to everything from home insulation to roading projects and rail closures to name a few!!

      So can you assure us that due to your predicted “correction” are your National mates going to honestly warn us tight times are coming again, and cuts in road projects like holiday highways and other services will be cut to citizens before the election?

      • infused 6.3.1

        Google is there. Use it.

      • dave 6.3.2

        a lot of us on here for some time have been saying 1984 all over again .
        except in 1984 we had assets and it was government debt that was the problem this time its the whole society

  7. Bob 7

    LPrent, the dairy price is still close to historical highs (as shown by your own graph) and still above the average price for the past 5 years!
    Also “Fonterra’s milk collection across New Zealand last season reached 1584 million kg MS, an 8.3 per cent lift on the previous season” Fonterra’s chairman John Wilson said http://www.stuff.co.nz/business/farming/dairy/10325510/Farm-income-drop-will-also-hit-community that means instead of earning the forecast $10.24Bn based on last years milk production, they will instead turn over $9.50Bn during a year where there has been a huge increase in supply globally http://www.nbr.co.nz/article/fonterra-slashes-2015-milk-payout-forecast-6kgms-kiwi-dollar-falls-bd-159971.
    What are the laws around supply and demand again?

    • Bob 7.1

      Here is a 10 year graph of global dairy prices for those wanting to look at a more acurate picture than the 11 month graph provided http://www.globaldairytrade.info/en/product-results/

      • Tiger Mountain 7.1.1

        drumroll…
        some of us say dairying now at around 7 million cows passed sustainable levels way back whatever global markets might be up to

        • Draco T Bastard 7.1.1.1

          +1

          Our economy needs to be sustainable for it to be economic and it isn’t – especially the dairy herd.

    • Draco T Bastard 7.2

      What are the laws around supply and demand again?

      There aren’t any.

      • Bob 7.2.1

        Great link, thanks Draco.
        The point remains, even if the laws are broken the link between supply and demand remains (just not at a linear correlation as the law states). Supply is up globally at the moment so the price has fallen, not the end of the world (or the dairy industry), just a temporary blip which has been happening every 3 years or so for the past decade.

  8. rich the other 8

    This was always going to happen , the Chinese seem to be applying the same tactics to dairying as they have to mining , build up dependency and the pull the rug out .

    In Ausse it’s coal and iron ore , internationally coal consumption is going through the roof because of the price .

    Debt levels may be high in farming but one dairy farm on average is worth about 10 houses in Auckland , who’s got the biggest problem ??
    At least farming is here to stay , once IT is developed (with the help of the NZ tax payer ) and proves it’s worth it moves off shore , Lanzatec being the latest example .

    Don’t be misled , $6 is still very good money for many , that’s some where around $2200 from each cow .

    • Richard@Down South 8.1

      Actually I’d say they were just acting as a customer… buying what they need for however long they need to, until they can do it themselves…

  9. Ennui 9

    New Zealand needs a different economic approach for a long term sustainable future that doesn’t rely on strip mining soil and water or other resources. National…. putting far too much emphasis on resource extraction and the systematic degradation of our ability to earn our own way in the world. Time to get rid of National’s lack of imagination and long-term planning from the direction of our economy.

    Well said, I have long been of the opinion that these islands soils if managed properly would provide us the basis of a wealthy primary economy. For example we could easily be growing and cropping high value native timber on land we have given over to cows and radiata. The problem was that we have no commitment past tomorrow, we want the fast return.

    The second part of the economic issue we have with resource extraction is that we have never concentrated upon adding value to the extracted substances…just look at the logs going offshore. And that issue compounds because there are so few support industries to leverage the value added industries. Without the support industries we are highly unlikely to be able to develop export industries that are “independent” of our primary industries, no man (or industry) is an island.

    • Draco T Bastard 9.1

      The problem was that we have no commitment past tomorrow, we want the fast return.

      It’s the fast return that’s the problem. 20 years or less for Radiata Pine, 400+ for natives. The former is unsustainable while the latter is.

      And that issue compounds because there are so few support industries to leverage the value added industries.

      And building up those support industries is why we had protections in place.

      • disturbed 9.1.1

        Boom & bust economy we have and will continue to have.

        Not a promised National party “sustained economy”.

        It was all bull—– Time to walk the plank National.

  10. Ad 10

    +1000 Lyn well said, especially that last paragraph.

    • Saarbo 10.1

      +1

      Meanwhile the bank economists carry on about the growing demand for protein in Asia. What happened to it?

      • disturbed 10.1.1

        Saabo,

        You are a bright individual asking all the right questions.

        What happened to the boom?

        “growing demand for protein in Asia. What happened to it?
        Answer,

        They bought up big time as they began building up their own dairy industry as well, as other continents are also doing…..

        EU & Americas particularly as I have a son in Germany and many farms are springing up there too.
        Our golden dairy age is over like the kiwifruit industry so as soon as we have some world leadership the rest catch on and follow and this drowns the world in cheap dairy and other stuff we used to have the edge on ——

        National– Where again is the rock star economy?

        Will you warn us before the election that its all over now so we can vote accordingly?

        Why are you John Key living in Hawaii so much lately? this may be the sign the dam is about to break.

  11. bad12 11

    Yep, at $6 a kilo for milk solids 20% of the dairy farms,(those with large debt loadings), will according to the Farmers Fed will declare a loss for the financial year,

    The ramifications for the industry if this becomes the norm, i would have picked 5 years out from now for this to be occurring, are dire as Boom for many will simply turn to Bust,

    Should a multi-year payout to the dairy farmers occur at minus $6 then the obvious is that 20% will become effectively insolvent, the receivers will have a field day,

    Its easy to see why two of the major Chinese bankers have recently moved to set up here in New Zealand, after all it is their monies which are at risk here and i am sure that they will personally want to manage the risk as the less than viable units in this new reality are ‘rationalized’,(into what is where the question is begged),

    For the Governments books the persistent RED ink dribbling from beneath the door of Finance Minister English’s office will turn into a flood, the previously announced ‘surplus’, a sleight of hand best described as a ruse dreamed up by a card trickster, take a bow Slippery the Prime Minister, where a surplus is declared alongside the whispered declaration that Government borrowing will ‘peak’ in years following this supposed surplus, will now only be possible if gained via the use of monies sneakily transferred from the sale of the States Assets to the Governments operating accounts,

    You could say that the ‘rockstar economy’ is now about to go through a period of addiction treatment as the supply of its favorite drug is curtailed, if the price of dairy continues to fall, this is going to get very painful with a capital P…

    • Richard@Down South 11.1

      If you have a few 100 million spare, buying farms from farmers who are trying to reduce debt would be a good investment, so perhaps they are just waiting for a bargain

  12. aerobubble 12

    Farm debt will become a growing problem as returns from dairy fall. Couple this with the obvious problem that ChCh rebuild was partly funded by the EQC which now is wipe out. We saved for an Earthquake and it happened, we now need to start saving again!!! Not a pretty picture. Milk going the way of coal.

Links to post

Recent Comments

Recent Posts

  • $4 million was to advance trade not settle legal claim
    It is now even more apparent that the $4 million payment to the Al Khalaf group was to advance trade with Saudi Arabia, not to settle a legal claim, says Export Growth and Trade spokesperson David Parker. “Documents released today… ...
    4 hours ago
  • Predictable result of unfair law changes
    National’s destructive labour laws have forced 1000 workers at Talley's-owned freezing works AFFCO into taking strike action just to keep their employer at the bargaining table, Labour’s spokesperson on Labour Issues Iain Lees-Galloway says. “The Government only has itself to… ...
    6 hours ago
  • Changes dilute Coroners’ role
    A planned change to the Coroners Act which means an inquest won’t be required when a death occurs in official care or custody is a backward step and weakens the important role coroners play, Labour’s Justice spokesperson Jacinda Ardern says.… ...
    10 hours ago
  • Obama acts – Key sits on his hands
    President Obama’s plan to tackle climate change proves that leading nations are mustering the courage to do what is necessary, says Labour’s Climate Change spokesperson Megan Woods.  “His plan to cut emissions from United States power stations by a third… ...
    10 hours ago
  • Forestry death guilty plea proves case for reform
    A logging company’s guilty plea over the death of one of their workers proves the need to strengthen health and safety laws, Labour’s spokesperson for Labour Issues Iain Lees-Galloway says. Charles Finlay was killed in July 2013 when he was… ...
    1 day ago
  • Daughter for the Return Home
    Christchurch East MP Poto Williams who hails from the Cook Islands, will be returning this week as part of the Cook’s celebrations on becoming self-governing 50 years ago.  Her family background is connected to the northern Cooks, the islands of… ...
    1 day ago
  • Tiwai Point welcomed but strategy needed
    The  news that Tiwai Point Aluminium smelter will remain open is good news for the 800 workers at the plant and the people of Southland, but points to a need for a comprehensive regional development strategy, Opposition leader Andrew Little… ...
    1 day ago
  • Stalled TPP chance for wider discussion
    Failure to get the TPP agreement across the line gives New Zealanders an opportunity to put more pressure on the Government not to sign away our sovereignty, Opposition leader Andrew Little says.“New Zealand land, dairy and medicines are up for… ...
    3 days ago
  • Will poor TPP dairy outcome stop National selling out our homes?
    After failing to protect the right to stop foreign speculators buying our houses it’s clear the Government is not going to get wins on dairy in their TPP negotiations either, Labour’s Trade and Export spokesperson David Parker says. “Labour has… ...
    4 days ago
  • Feeling aspirational
    Yesterday the Rich List showed the number of people who have over 50 million of wealth had increased by another 15 people since last year. Collectively this group are now worth 55 billion, an increase of over 7% since last… ...
    GreensBy Jan Logie MP
    4 days ago
  • Feeling aspirational
    Yesterday the Rich List showed the number of people who have over 50 million of wealth had increased by another 15 people since last year. Collectively this group are now worth 55 billion, an increase of over 7% since last… ...
    GreensBy Jan Logie MP
    4 days ago
  • Feeling aspirational
    Yesterday the Rich List showed the number of people who have over 50 million of wealth had increased by another 15 people since last year. Collectively this group are now worth 55 billion, an increase of over 7% since last… ...
    GreensBy Jan Logie MP
    4 days ago
  • Bennett’s legacy a test for Tolley
    Former Social Development Minister Paula Bennett has been thrown under the bus by her successor after its been suggested that Ms Bennett gave the green light to an ‘unethical’ observational study of high-risk children, Labour Children’s spokesperson Jacinda Ardern says.… ...
    4 days ago
  • Submission to Greater Christchurch Earthquake Recovery: Transition to Rege...
    Thank you for the opportunity to contribute to the Draft Transition Recovery Plan on behalf of the New Zealand Labour Party.  It is important that the citizens of Canterbury have a voice in the governance of the next step of… ...
    5 days ago
  • Troubled school wanted $25,000 dollars to fence farm
    The troubled Whangaruru charter school asked Hekia Parata for $25,000 to fence the school farm at the expense of spending on teaching, Labour’s Education spokesperson Chris Hipkins says. “This unbelievable revelation comes hard on the heels of Hekia Parata’s decision to… ...
    5 days ago
  • Troubled school wanted $25,000 dollars to fence farm
    The troubled Whangaruru charter school asked Hekia Parata for $25,000 to fence the school farm at the expense of spending on teaching, Labour’s Education spokesperson Chris Hipkins says. “This unbelievable revelation comes hard on the heels of Hekia Parata’s decision to… ...
    5 days ago
  • Government report on sexual & family violence a good first step
    Yesterday the Government released the cabinet paper on progress on the work programme of the Ministerial Group on Family Violence and Sexual Violence. Along with the Human Rights Commissioner and Women’s Refuge, I really welcome the report. I’m relieved that… ...
    GreensBy Jan Logie MP
    5 days ago
  • Government report on sexual & family violence a good first step
    Yesterday the Government released the cabinet paper on progress on the work programme of the Ministerial Group on Family Violence and Sexual Violence. Along with the Human Rights Commissioner and Women’s Refuge, I really welcome the report. I’m relieved that… ...
    GreensBy Jan Logie MP
    5 days ago
  • Prisoner voting disqualification and the Bill of Rights Act
    In 2010, National rammed the Electoral (Disqualification of Sentenced Prisoners) Amendment Bill through Parliament. Paul Quinn’s Member’s Bill existed because Paul Quinn thought anyone who’d been imprisoned was a serious offender, and serious offenders had ‘forfeited’ their right to vote.… ...
    GreensBy David Clendon MP
    5 days ago
  • Mainfreight ‘appalled’ by Government’s rail madness
    The Government has been given a serve by New Zealand-based international trucking and logistics firm Mainfreight which says it lacks a national transport strategy, and has treated rail badly, Labour's Transport spokesperson Phil Twyford says. The company has told shareholders it… ...
    6 days ago
  • National’s Health and Safety Reform Bill: less safety and fewer rights at...
    The New Zealand Council of Trade Unions is embarking on a campaign to fight the changes that weaken the Health and Safety Reform bill. As part of the campaign the CTU has organised vigils with the display of 291 crosses… ...
    GreensBy Denise Roche MP
    6 days ago
  • All options need to be put on meat sector table
    Farmers must be given every assurance that all potential risks have been considered before Silver Fern Farms opens its door to foreign equity, Labour’s Primary Industries spokesperson Damien O’Connor says. “The ongoing saga involving the meat sector and amalgamation has… ...
    6 days ago
  • Flag the referendum if 50% or more don’t vote
    Labour has moved to have the second flag referendum canned if the first attracts fewer than half the eligible number of voters, Opposition Leader Andrew Little says. “John Key has already wasted more than $8 million on his vanity project… ...
    6 days ago
  • 90,000 cars reclassified in botched ACC ratings
    New figures obtained by Labour show the ACC Minister’s botched motor vehicle levy system has resulted in 90,000 vehicles having to be reclassified so far – at a cost of $6 million, Labour’s ACC spokesperson Sue Moroney says. “Nikki Kaye’s… ...
    6 days ago
  • Brutal health cuts confirmed, crucial services suffer
    Chronic under-funding by National has seen the health budget slashed by $1.7 billion in just five years, Labour’s Health spokesperson Annette King says. A report by Infometrics, commissioned by Labour, shows health funding has been cut in four of the… ...
    1 week ago
  • Meth ring under Serco’s nose
    The news that two Serco inmates have been arrested for helping to run a methamphetamine ring from prison should be the final straw and see their contract cancelled, says Labour’s Corrections Spokesperson Kelvin Davis. “National has stood by Serco despite… ...
    1 week ago
  • Ministers failing women and their own targets
    New figures showing just five Ministers have met the Government’s own reduced targets for appointing women to state sector boards is evidence National is failing Kiwi women, Labour’s Women’s Affairs spokesperson Sue Moroney says. “The Ministry for Women’s 2015 Gender… ...
    1 week ago
  • Charges up for some as funding up for grabs
    A proposal being considered by the Government would see some people having to pay more for health care and district health boards forced to fight amongst themselves to fund regional health services, Labour’s Health spokesperson Annette King says “Information leaked… ...
    1 week ago
  • Stop experimenting on kids
    The trouble with the Charter school model is that it is a publicly funded experiment on children. The National Government has consistently put its desire to open charter schools ahead of the safety of the children in them, ignoring repeated… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • Bank puts the squeeze on mid Canterbury farmers
    News that an unnamed bank in Ashburton has put a receiver on notice over financially vulnerable farmers will send a chill through rural New Zealand, says Labour’s Finance Spokesperson Grant Robertson. “The Government needs to work with  New Zealand’s banks… ...
    1 week ago
  • Key is trading away New Zealand land and homes
    John Key yesterday admitted what National dishonestly refused to confirm in Parliament last week – he is trading away New Zealand’s right to control who buys our homes and land, says Opposition leader Andrew Little. “The Prime Minister must now… ...
    1 week ago
  • Razor gang takes scalpel to health
    Plans by the Government to take a scalpel to democratically elected health boards are deceitful and underhand, coming just months after an election during which they were never signalled, Labour’s Health spokesperson Annette King says “Leaked documents reveals a radical… ...
    1 week ago
  • Spin lines show a department in chaos
    Corrections Spin Doctors sending their place holder lines to journalists instead of responding to serious allegations shows the scale of chaos at the department over the Serco scandal, says Labour’s Corrections Spokesperson Kelvin Davis. “As more and more serious allegations… ...
    1 week ago
  • Court ruling shows law should never have been passed
    A High Court ruling that a law banning prisoners from voting is inconsistent with a properly functioning democracy should be a wake-up call for the Government, Labour’s Justice spokesperson Jacinda Ardern says. In an unprecedented ruling Justice Paul Heath has… ...
    2 weeks ago
  • Judicial Review Gamble Pays Off for Problem Gambling Foundation
    Congratulations are due to the Problem Gambling Foundation (PGFNZ) who have won their legal case around how the Ministry of Health decided to award their contracts for problem gambling services to another service provider. Congratulations are due not just for… ...
    GreensBy Denise Roche MP
    2 weeks ago
  • Environmental Protection Agency appoints GE advocate as new CEO
    This week, the Environmental Protection Authority Amendment Bill passed its first reading in Parliament. The Bill puts protection of the environment into the core purpose of the Environmental Protection Authority. This month, Dr Allan Freeth, the former Chief Executive of… ...
    GreensBy Steffan Browning MP
    2 weeks ago
  • Charanpreet Dhaliwal death demands genuine health and safety reform
    The killing of a security guard on his first night on the job is exactly the kind of incident that National’s watered-down health and safety bill won’t prevent, says Te Atatu MP Phil Twyford. The coronial inquest into 22-year-old Charanpreet… ...
    2 weeks ago
  • Arbitrary sanctions hit children hardest
    Increasing numbers of single parents are being penalised under a regime that is overly focussed on sanctions rather than getting more people into work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Figures, obtained through Parliamentary questions show 3000 more sanctions,… ...
    2 weeks ago
  • Hekia just won’t face the facts
    Hekia Parata’s decision to keep troubled Whangaruru Charter school open despite being presented with a catalogue of failure defies belief, goes against official advice and breaks a Government promise to close these schools if they were failing, says Labour’s Education… ...
    2 weeks ago
  • No more silent witnesses
    Yesterday I attended the launch of a new initiative developed by and for Asian, Middle eastern and African youth to support young people to name and get support if there is domestic violence at home. The impact on children of… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    2 weeks ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    2 weeks ago
  • Minister must take responsibility for problem gambling debacle
    The Government’s handling of the Problem Gambling Foundation’s axing in a cost-cutting exercise has been ham-fisted and harmful to some of the most vulnerable people in society, Associate Health Labour spokesperson David Clark says.“Today’s court ruling overturning the axing of… ...
    2 weeks ago
  • Labour will not support TPP if it undermines NZ sovereignty
    The Labour Party will not support the Trans Pacific Partnership Agreement unless key protections for New Zealanders are met, Opposition leader Andrew Little says.“Labour supports free trade. However, we will not support a TPP agreement that undermines New Zealand’s sovereignty. ...
    2 weeks ago
  • Coleman can’t ignore latest warnings
    Resident doctors have advised that a severe staffing shortage at North Shore Hospital is putting patients’ lives at risk, Labour’s Health spokesperson Annette King says. “They say a mismatch between staffing levels and patient workloads at North Shore has… ...
    2 weeks ago
  • ACC must remove barriers to appeals
    The Government must prioritise removing barriers to justice for ACC claimants following a damning report by Acclaim Otago, Labour’s ACC spokesperson Sue Moroney says. “ACC Minister Nikki Kaye must urgently scrap her flawed plan to remove claimant’s right to redress… ...
    2 weeks ago
  • Six months’ paid parental leave back on the agenda
    Six months’ paid parental leave is back on the agenda and a step closer to reality for Kiwi parents after Labour’s new Member’s Bill was pulled from today’s ballot, the Bill’s sponsor and Labour MP Sue Moroney says. “My Bill… ...
    2 weeks ago
  • Sole parents at risk of having no income
    New requirements for sole parents to undertake a reapplication process after a year is likely to mean a large number will face benefit cancellations, but not because they have obtained work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Increasing numbers… ...
    2 weeks ago
  • Juking the Welfare Stats Again
    Last week the government’s major initiative to combat child poverty (a paltry $25 increase) was exposed for what it is, a lie. The Government, through the Budget this year, claims to be engaging in the child poverty debate, but instead,… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • OCR rate cut a result of flagging economy
    The Reserve Bank's decision to cut the Official Cash Rate to 3 per cent shows there is no encore for the so-called 'rock star' economy, says Labour's Finance Spokesperson Grant Robertson.   "Today's interest rate cut comes off the back… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere