web analytics
The Standard

NRT: Privatization is theft

Written By: - Date published: 6:56 am, April 3rd, 2014 - 33 comments
Categories: assets, national, Privatisation, uk politics - Tags:

no-right-turn-256A government is carrying out a crash-program of privatization without a mandate. It is desperate to sell, so it sets the price of the shares artificially low, and loses $1.5 billion in a single day.

No, this isn’t New Zealand (yet) – its the UK:

The government’s desperation to sell Royal Mail cost taxpayers £750m in a single day, the National Audit Office has said in a scathing report into the privatisation of the 500-year-old national institution.

The public spending watchdog says the business secretary Vince Cable ploughed ahead with plans to float Royal Mail at a maximum price of 330p-a-share despite repeated warnings from City experts that the government had vastly undervalued the company.

[…]

Royal Mail’s shares spiked 38% on their debut on the stock market on 11 October – the biggest one-day rise in a privatisation since British Airways in 1987 – as investors tried to buy up more than 23 times the number of shares available.

The audit office said the government could have made an additional £750m for taxpayers if it had priced the sale at the first day closing price of 455p rather than the maximum 330p starting price. Achieving an additional £750m from the sale could have covered the annual salaries of an additional 34,000 NHS nurses.

Cut to New Zealand: the National Party is carrying out a crash-program of privatization without a mandate. It is desperate to sell Genesis Energy before the election, so it has set the price of shares artificially low. Its pretty obvious what will happen next – but I’m sure their donors and cronies will be happy with the free gift of public wealth.

When governments in the developing world sell public assets to cronies at bargain-basement prices, we call it what it is: corruption and theft. The National Party (and the UK Conservative party) are no different. And its time we held them criminally responsible for their theft of public wealth.

33 comments on “NRT: Privatization is theft”

  1. Jrobin 1

    Didn’t you read John Armstrong Lprent? Apparently no one cares about this now. I suppose this strategy has worked so far. Keep repeating lies in MSM and the sheep follow obediently.

  2. Draco T Bastard 2

    The audit office said the government could have made an additional £750m for taxpayers…

    No they couldn’t have. The asset was worth more than it was selling for else it wouldn’t have been selling at all. A sale is always a loss.

    When governments in the developing world sell public assets to cronies at bargain-basement prices, we call it what it is: corruption and theft. The National Party (and the UK Conservative party) are no different. And its time we held them criminally responsible for their theft of public wealth.

    QFT

  3. Wayne 3

    Picking up on the last sentence, it could be suggested to David Cunliffe that a “key” Labour campaign promise would be a retrospective change to the criminal law, to enable the prosecution of John Key et al (perhaps including me since I was part of the Cabinet that said we should make privatization part of the 2011 Manifesto, and I did say the sales would have to be appealing to investors).

    If nothing else, it would excite a lot of interest(!) by the commentariat.

    Would it be the killler app that would bring out the 800,000?

    And even if DC thinks this is a tad too far, Hone and Kim Dotcom might be enthusiastic.

    • Tracey 3.1

      Funny Wayne. Glad to see we all keep our sense of humour in tact.

      What did you make of the 4 reports last week that said at 1.63 the genesis offering is very undervalued, with their estimates ranging to 1.60 to 1.97?

      What interest me is that if you buy now, and then vote for national craigs suggests the value could reach 1.95…

      ” Genesis Energy shares have been valued at $1.63 per share, near the top of the price range of $1.35 to $1.65, according to a report by Craigs Investment Partners.

      The shares could also be worth 10 cents per share more because of the potential for windfall gains in dry years, the report says.”

      and then

      “Research company Edison says Genesis has a fair value range of $1.79 and $1.97. The upper limit is 27 percent more than the price the Government is asking. Edison’s mid-point valuation is $1.88, a 21.3 percent premium to the offer price.

      “We think it’s the most attractive of the offerings so far by the Government. The main draw to that is the yield that’s being offered, which we see as the strongest,” says analyst Tim Heeley.

      On current polling, Mr Heeley says the risk of the shares losing their value if Labour and the Greens form a government later this year is “minor”.

      Read more: http://www.3news.co.nz/Genesis-shares-underpriced-say-researchers/tabid/421/articleID/338101/Default.aspx#ixzz2xlMZlfwu

      “Woodward Partners’s John Kidd says the offer is “very attractive”, and priced about 15 percent too low – before you take into account the bonus shares.

      “The bonus share component… is very attractive, and goes some way towards mitigating some of the downside risks that could come,” he says.

      Read more: http://www.3news.co.nz/Genesis-shares-underpriced-say-researchers/tabid/421/articleID/338101/Default.aspx#ixzz2xlMnSLAc

      Of course Mr English has now, it appears, learned not to trust “forecasts…

      Asked whether the price was set too low, Finance Minister Bill English says they’re just forecasts.

      “As we know from the previous floats, sometimes they turn out to be right, sometimes they turn out to be wrong.

    • Blue 3.2

      The asset sales program undertaken by this Government has been widely acknowledged as a failure.

      Do you feel any sense of responsibility, Wayne?

      • Tracey 3.2.1

        let me answer that for you Blue.

        They would have been a success if Labour and the greens had not announced a desire to alter the electricity sector if elected. Although national could have chosen to NOT sell on that basis, it instead chose to sell for less. of course the 5 reports which state that Genesis sale price is undervalued has only Craig Investments directly stating that this political policy has impacted price… One even describes the impact as “minor.”

        Selling 3-4 companies in the same sector doing the same business is a master stroke and there are probably dozens of examples in the world where this has happened and they have all failed to do as well as some forecast…. oh wait…no, no one else has ever done this before… oh wait

    • thatguynz 3.3

      You may choose to make light of it Wayne but simply put you and your cronies are traitors and should be treated accordingly. You are blindly following a failed ideology that ultimately does not benefit the vast majority of New Zealanders yet you still have a forlorn belief that you are on the right path and that eventually trickle-down economics will work.

      Wake up and smell the insanity.

      • Draco T Bastard 3.3.1

        +1

      • Wayne 3.3.2

        Well, I guess the voters get to make that judgement in less than 6 months. And they will know the choice before them.

        Either a market based approach favored by the Nats (although a pretty moderate version thereof). Or a much more interventionist approach favored by the Left. Though I have my doubts that David Cunliffe has really turned his back on the last thirty years. He does not sound like he will end the “neoliberal experiment” and take New Zealand down a South Pacific Chavaista revolution!

        • Tracey 3.3.2.1

          I don’t believe Cunliffe has either Wayne. Just as I believe the Nats distort and manipulate the information to make a genuine choice quite difficult.

          But it also appears it is no longer National versus Labour. It is National versus Labour and the Greens.

          is it interventionist to hold onto assets owned by the people?

          What did you make of the 4 reports last week that said at 1.63 the genesis offering is very undervalued, with their estimates ranging to 1.60 to 1.97?

          What interest me is that if you buy now, and then vote for national craigs suggests the value could reach 1.95…

          ” Genesis Energy shares have been valued at $1.63 per share, near the top of the price range of $1.35 to $1.65, according to a report by Craigs Investment Partners.

          The shares could also be worth 10 cents per share more because of the potential for windfall gains in dry years, the report says.”

          and then

          “Research company Edison says Genesis has a fair value range of $1.79 and $1.97. The upper limit is 27 percent more than the price the Government is asking. Edison’s mid-point valuation is $1.88, a 21.3 percent premium to the offer price.

          “We think it’s the most attractive of the offerings so far by the Government. The main draw to that is the yield that’s being offered, which we see as the strongest,” says analyst Tim Heeley.

          On current polling, Mr Heeley says the risk of the shares losing their value if Labour and the Greens form a government later this year is “minor”.

          Read more: http://www.3news.co.nz/Genesis-shares-underpriced-say-researchers/tabid/421/articleID/338101/Default.aspx#ixzz2xlMZlfwu

          “Woodward Partners’s John Kidd says the offer is “very attractive”, and priced about 15 percent too low – before you take into account the bonus shares.

          “The bonus share component… is very attractive, and goes some way towards mitigating some of the downside risks that could come,” he says.

          Read more: http://www.3news.co.nz/Genesis-shares-underpriced-say-researchers/tabid/421/articleID/338101/Default.aspx#ixzz2xlMnSLAc

          Of course Mr English has now, it appears, learned not to trust “forecasts…

          Asked whether the price was set too low, Finance Minister Bill English says they’re just forecasts.

          “As we know from the previous floats, sometimes they turn out to be right, sometimes they turn out to be wrong.

        • thatguynz 3.3.2.2

          Clayton’s choice really. While I may prefer those parties that loosely identify themselves as “being on the left” to Key/Whyte/Dunne/Flavell I have seen nothing to suggest that the current Labour offering is anything other than National-lite which is regrettable. Your summation of “market based” vs. “interventionist” is both simplistic and factually incomplete.

          Until such time as a party/coalition stands up and promotes the realisation that economically “there are real alternatives”, we will continue to dance on the head of a pin and make cosmetic changes at best that will do little to improve the common lot. Meanwhile the global financial ponzi scheme marches on unopposed.

        • Ennui 3.3.2.3

          Wayne, take New Zealand down a South Pacific Chavaista revolution! That’s dreadfully Manichean imagery is it not? Does this betray a mindset that only sees binary good and bad, black and white? Was your Cabinet so bereft of ideas and alternate concepts?

          I have been saying all along that the whole idea of asset sales was never to make money from them, that actually it would suit the purchasers (who no doubt would be core National party funders and voters) to buy at a low price. How do you say to that?

    • Draco T Bastard 3.4

      Well Wayne, consider what happened last time we tried feudalism.

      • Tracey 3.4.1

        I’m not sure how comfortable I am with a Law Commissioner who can’t answer questions put to him, or deliberately avoids questions which are hard or unpalatable or betray something else?

        • Wayne 3.4.1.1

          Tracey,

          As you might expect, given my role, I try to address issues at a general level. People know I am an ex National Cabinet Minister, and therefore know my general political perspective. And that is where I like to keep it.

          That means I do not answer specific questions such as you have posed, which you will note that I have avoided whenever you pose them.

          However, I am quite prepared to discuss specific issues on something like TPP, which in any event I don’t see as a strictly party political issue. And it is a specific interest I have.

          As you know, I have done some writing for CSIS, a research organization in Washington DC, and for the Rajaratnam school of International Studies in Singapore. In both cases the general tenor of my work has been the change in the balance of power in the Asia Pacific, specifically as it affects New Zealand. And of course TPP is part of that, although my specific interest is the military balance in the region.

          The CSIS item should come out soon(ish), since they are doing page proofs.

  4. Clemgeopin 4

    “but I’m sure their donors and cronies will be happy with the free gift of public wealth”

    “When governments in the developing world sell public assets to cronies at bargain-basement prices, we call it what it is: corruption and theft”

    Well said.

  5. Tracey 5

    no mention of “mums and dads” anymore when this sale is spoken of by Key and English… That lie has died, along with “brighter future”

    • Weepu's beard 5.1

      It will be an interesting exercise finding out what proportion of future dividends from these three companies will be paid offshore.

  6. Populuxe1 6

    So does putting certain resources into the private ownership of iwi count as theft?

    • Tracey 6.1

      No, because the resources that were stolen from them are no longer available for return.

      • Richard McGrath 6.1.1

        But does that justify the “theft” of resources from others in order to compensate iwi?

        • McFlock 6.1.1.1

          You can’t on-sell stolen property and expect the new “ownership” to be valid.

  7. Penny Bright 7

    And so is privatisation via Public Private Partnerships (PPPs) – which pro-corporate Auckland Mayor Len Brown supports.

    When are Labour going to state their policy OPPOSING privatisation via Public Private Partnerships (PPPs)?

    When are Labour going to cut whatever ties they have to pro-corporate Auckland Mayor Len Brown?

    Anyone else asking these HARD questions?

    If not – why not?

    Auckland is where NZ general elections tend to be won or lost, and in my considered opinion, there will be a significant number of the voting public interested in Labour’s replies to these questions.

    Penny Bright

    ‘Anti-corruption / anti-privatisation Public Watchdog’

  8. Richard McGrath 8

    I wonder whether NRT, or anyone here, thinks private property per se is “theft”.

    • McFlock 8.1

      I’m sure someone might, but it’s somewhat irrelevant to the topic. It’s a broad group here, we even have a few randian super heroes and other wing-nuts. Why not a maoist or two?

      • Richard McGrath 8.1.1

        It’s not completely irrelevant. I’m trying to ascertain if anyone believes as Proudhon claimed that “(all) property is theft” as the rationale for claiming that privatisation of state assets is theft.

    • Draco T Bastard 8.2

      Depends upon the “private property”. Your car, your jewelry – that’s yours.

      Land cannot be removed from the commons though as the pollution of our waterways proves. This indicates that it cannot be “private property”. Land ownership needs to be shifted to a lease system because of this.

      Your car is driven within public space and affects others and so you can’t do whatever you like with it even though it is yours.

      Basically, private property ends as soon as actions upon it or through it affect anyone else.

      But the real question is: How did the “private property” get into private hands? National’s selling of our state assets against our wishes was, as a matter of fact, theft (really, try selling your neighbours car without his permission and see who’s side the law takes). The only thing that’s stopping us putting the entire National, Act and UF parties in jail is the fact that, ATM, they get to write the laws.

      • Richard McGrath 8.2.1

        There are common law solutions to waterways pollution, and technology will assist in making guilty parties accountable for harm done to others. This can occur via mediation or through the law courts.

        I agree with you that the owners of roads enter into a contract with those who use it. I don’t however believe the government has to own all the roads. There are plenty of private roads where the owners contribute to upkeep and decide on the level of use. Perhaps a compromise would be where the state could own arterial routes and smaller roads could be privately owned and tolled or otherwise funded accordingly.

        Land “ownership” is really indefinite utilisation of the land surface for building, etc. But it is transferable to the next “owner”.

        Not sure what you mean by “private property ends” – do you mean the legitimate use of private property ends (when others are adversely affected)?

        As far as your assertion that privatisation of assets is wrong, what then constitutes a non-privatisable state asset? If there is state housing, should all housing be nationalised? If the state own motor vehicles, should all motor vehicles be nationalised?

        “How did private property get into private hands?” Some would say that a person using their labour to cultivate, graze, build on or otherwise transform a discrete parcel of previously unowned land makes that land theirs.

        • Draco T Bastard 8.2.1.1

          There are common law solutions to waterways pollution, and technology will assist in making guilty parties accountable for harm done to others.

          Which aren’t being applied thus making them useless and not actually there in reality.

          I agree with you that the owners of roads enter into a contract with those who use it.

          It’s not a contract but a physical reality with moral obligations.

          Perhaps a compromise would be where the state could own arterial routes and smaller roads could be privately owned and tolled or otherwise funded accordingly.

          Well, I suppose that’d be one way to cut back on roading. Throughout recorded history the private sector have been real bad at providing what the community needs and that’s still true today.

          Not sure what you mean by “private property ends” – do you mean the legitimate use of private property ends (when others are adversely affected)?

          I didn’t say anything about adversely affected. And, no, I don’t mean that. I mean that property where the public have a say in its use inherently belongs to the public and not to an individual.

          “How did private property get into private hands?” Some would say that a person using their labour to cultivate, graze, build on or otherwise transform a discrete parcel of previously unowned land makes that land theirs.

          Which is a load of bollocks. It was always taken through force of arms.

Recent Comments

Recent Posts

  • Ministry must protect organic food industry
    The Ministry for Primary Industries must take urgent action to protect New Zealand’s $150 million organic food and beverage industry by establishing a certification regime, Labour’s Primary Industries spokesperson Damien O’Connor says. “Despite working with Organics Aotearoa on the issue… ...
    2 hours ago
  • Tony Abbott, indigenous rights, and refugees
    This week, Tony Abbott has visited Aotearoa New Zealand, bringing with him his racist policies against indigenous Australians and his appalling record on refugee detention camps. Abbott has launched a policy “to close” remote aboriginal communities, which is about as… ...
    GreensBy Catherine Delahunty MP
    6 hours ago
  • PM’s housing outburst bizarre
    Labour’s Housing spokesperson Phil Twyford has described the Prime Minister’s latest comments on the Auckland housing crisis as bizarre. “John Key is deep in denial. He must be one of the only people left who are not concerned about the risk… ...
    1 day ago
  • Deflation: Another economic headache linked to housing crisis
    National’s housing crisis is causing even further damage with the second consecutive quarter of deflation a genuine concern the Reserve Bank can do little about, as it focusses on Auckland house prices, says Labour’s Finance spokesperson Grant Robertson. “This is… ...
    1 day ago
  • Pot calling the kettle black over fossil fuel subsidies.
    Over the weekend alongside nine other countries the New Zealand Government has endorsed a statement that supports eliminating inefficient subsidies on fossil fuels. Fossil fuel subsidies are a big driver of increasing emissions. Good on the Government for working internationally… ...
    GreensBy Gareth Hughes MP
    1 day ago
  • At last – a common sense plan for Christchurch
    The Common Sense Plan for Christchurch released by The People’s Choice today is a welcome relief from the shallow debate about rates rises versus asset sales, Labour’s Christchurch MPs say. "Local residents – who have spent weeks trawling through the… ...
    2 days ago
  • National must lead by example on climate change
    The National Government must meet its own climate change obligations before it preaches to the rest of the world, Labour's Climate Change spokesperson Megan Woods says. "Calls today by Climate Change Minister Tim Groser for an end to fossil fuel… ...
    3 days ago
  • Biosecurity rethink a long time
    The Government has opened New Zealand’s borders to biosecurity risks and its rethinking of bag screening at airports is an admission of failure, Labour’s Primary Industries spokesperson Damien O’Connor says. Nathan Guy today announced a review of biosecurity systems in… ...
    4 days ago
  • Chinese rail workers must be paid minimum wage
    KiwiRail must immediately stop further Chinese engineers from working here until they can guarantee they are being paid the New Zealand minimum wage, Labour’s MP for Hutt South Trevor Mallard says. The Ministry of Business, Innovation and Employment today released… ...
    4 days ago
  • Better consultation needed on Christchurch asset sales
    The Christchurch City Council (CCC) should be promoting wide and genuine public consultation on its draft ten year budget and plan given the serious implications for the city’s future of its proposed asset sales, outlined in the plan. Instead, it… ...
    GreensBy Eugenie Sage MP
    4 days ago
  • ‘Healthy Families’ a good start but not enough to tackle obesity relate...
    Today the Government is making a the meal out of the launch of its ‘Healthy Families’ package to promote ‘healthier decisions’ and ‘changing mindsets’ over nutrition, physical activity and obesity. Great! The programme is based on a successful model from… ...
    GreensBy Kevin Hague MP
    4 days ago
  • ‘Healthy Families’ a good start but not enough to tackle obesity relate...
    Today the Government is making a the meal out of the launch of its ‘Healthy Families’ package to promote ‘healthier decisions’ and ‘changing mindsets’ over nutrition, physical activity and obesity. Great! The programme is based on a successful model from… ...
    GreensBy Kevin Hague MP
    4 days ago
  • No more sweet talk on obesity
    The Government should be looking at broader measures to combat obesity rather than re-hashing pre-announced initiatives, Labour’s Health spokesperson Annette King says.  “While it is encouraging to see the Government finally waking from its slumber and restoring a focus on… ...
    4 days ago
  • Government two-faced on zero-hour contracts
    The Government should look to ban zero-hour contracts in its own back yard before getting too high and mighty about other employers using them, Labour’s Health spokesperson Annette King says. “Information collated by Labour shows at least three district health… ...
    4 days ago
  • Scrutiny of battlefield deaths should continue
    As New Zealand troops head to Iraq under a shroud of secrecy, the Government is pushing ahead with legislation to remove independent scrutiny of incidents where Kiwi soldiers are killed in hostile action overseas, Labour’s Defence spokesperson Phil Goff says.… ...
    4 days ago
  • Damp-free homes a right for tenants
    Labour is urging tenants to use a little known rule which gives them the right to live in damp-free rental homes. Otago University researchers have today highlighted the Housing Improvement Regulations 1947 as a way tenants can force landlords to… ...
    5 days ago
  • National must take action on speculators
    The Government must take action on property speculators who are damaging the housing market and shutting families and young people out of the home ownership dream, Labour Leader Andrew Little says.  “There are a number of options the Government could… ...
    5 days ago
  • Milk price halves: A $7b economic black hole
    Global milk prices have halved since the peak last year, creating an economic black hole of almost $7 billion that will suck in regions reliant on dairy, crucial industries and the Government’s books, says Labour’s Finance Spokesperson Grant Robertson. “The… ...
    5 days ago
  • Kitchen plan set to swallow up health boards’ funds
    The financial impacts of implementing a proposal to outsource hospital food, forced on them by a crown-owned company which is now facing an auditor-general’s inquiry, are being felt by district health boards across the country, Labour’s Health spokesperson Annette King… ...
    6 days ago
  • Reserve Bank scathing of Government
    The Reserve Bank’s most scathing critique to date of National’s inability to handle the housing crisis shows the Bank is sick of having to pick up the pieces, Labour Leader Andrew Little says.  “John Key continues to deny there is… ...
    6 days ago
  • Time for McDonald’s to upsize work hours
    Labour is calling on McDonald’s to have more respect for their workers and offer them more guaranteed work hours. McDonald’s is proposing to guarantee its workers 80 per cent of their rostered hours, Labour’s spokesperson for Labour Issues Iain Lees-Galloway… ...
    6 days ago
  • Brownlee misses the boat on asbestos
    Gerry Brownlee has once again missed an opportunity to improve the lives of Cantabrians post-earthquakes, Labour’s Canterbury Earthquake Recovery spokesperson Ruth Dyson says. A new report from the Royal Society of New Zealand and the Prime Minister’s Chief Science Adviser,… ...
    6 days ago
  • Government must come clean on troop deployment and protections
    New Zealanders deserve more than to hear about their troops’ deployment overseas from Australian media, Opposition Leader Andrew Little says. “News from Australia that Kiwi troops are on their way to Iraq this week is another example of the culture… ...
    6 days ago
  • Cancer prevention calls gain momentum
    Research showing bowel cancer treatment sucks up more public health dollars than other cancers once again highlights the need for a national screening programme, Labour’s Health spokesperson Annette King says. A study by Otago University, which found colon cancer is… ...
    6 days ago
  • Burger King shows zero-hour contracts not needed
    The abandonment of zero-hour contracts by Burger King is further evidence good employers do not need to use them, Labour’s spokesperson on Labour Issues Iain Lees-Galloway says. "Congratulations to the Unite Union and Burger King for settling an employment agreement… ...
    7 days ago
  • Kiwis deserve more than reheats
    The Government looks set to rely on regurgitated announcements for this year’s Budget if today’s speech is anything to go by, Labour Leader Andrew Little says. “National has been building up to this Budget for seven long years, promising a… ...
    1 week ago
  • Landlords not cashing in on insulation schemes
    The fact so few landlords have taken up the generous taxpayer subsidy for retrofitting shows it is time to legislate minimum standards, says Labour’s Associate Housing spokesperson Poto Williams. “Many landlords aren’t using Government insulation schemes because they don’t want… ...
    1 week ago
  • Zero excuses, end zero hour contracts now
    It’s time Workplace Relations Minister Michael Woodhouse cut the weasel words and banned zero hour contracts, Labour Leader Andrew Little says. “Michael Woodhouse today acknowledged zero hour contracts are unfair. ...
    1 week ago
  • We’ve reached Peak Key with ‘artificial target’
    John Key’s attempt to redefine his cornerstone promise of two election campaigns as an artificial target suggests his other promises are works of fiction, says Labour’s Finance spokesperson Grant Robertson. “For seven years and two election campaigns, John Key has… ...
    1 week ago
  • Top 10 need to know facts on climate change
    All the numbers and stats around climate change can be confusing, so we’ve put together a handy list of the top 10 numbers about climate change that we should all know- and then do something about. You can sign up here to… ...
    GreensBy Frog
    2 weeks ago
  • Campbell Live a bastion of investigative journalism
    The announcement that current affairs programme Campbell Live is under review and may be axed has sparked outrage from the New Zealand public, for good reason, says Labour’s Broadcasting Spokesperson Clare Curran. “Investigative journalism is a precious resource in today’s… ...
    2 weeks ago
  • Ground Zero for ‘disastrous’ contracts
    Yesterday the Green Party called on the Government to follow the leadership of Restaurant Brands and ditch zero-hour contracts. Currently it looks like the Government is a large part of the zero-hours problem. It allows these types of “non-jobs” to… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • Trust in National will disappear with deficit
    Bill English is set to break his promise to get the books back in the black this year and lose the trust of Kiwis who have had to do it too hard for too long, says Labour’s Finance spokesperson Grant… ...
    2 weeks ago
  • Dorothy Jelicich passes away
    It is with sincere sadness that the Labour Party conveys its sympathies and condolences to the bereaved family of Dorothy Jelicich who passed away last night at the age of 87 years, says the MP for Mangere, Su’a William Sio.… ...
    2 weeks ago
  • Government leaves aquaculture industry at sea
    If the Government had acted in its first term, the Sanford mussel processing plant would not have to close, says Labour’s Fisheries spokesperson Rino Tirikatene. “Sanford is considering closure after a decline in the natural supply of spat. This is… ...
    2 weeks ago
  • Maggie –it’s time to roll your sleeves up
      It’s time for the Minister of Conservation Maggie Barry to listen to the Parliamentary Commissioner for the Environment  and start untangling the mess around  New Zealand’s stewardship land, says Labour’s Conservation spokesperson Ruth Dyson.  “The Commissioner has called for… ...
    2 weeks ago
  • Gutting of prison jobs a gift to private prison provider
    Today’s announcement that sections of three prisons are to be closed is the thin end of the wedge for the privatisation of the country’s prison service, says Labour’s  Corrections spokesperson Kelvin Davis.  It's estimated that 260 prison officers will lose… ...
    2 weeks ago
  • Joyce must rule out revising export target
    Steven Joyce must rule out a second revision of the Government’s export target in six months and stop trying to massage statistics when he fails to meet his goals, says Labour’s Economic Development spokesperson David Clark. “National set a target… ...
    2 weeks ago
  • Caregiver law passed in haste now a fail
    The Government’s response to supporting family caregivers is mean spirited and designed to fail, says Labour’s Disability Issues Spokesperson Ruth Dyson.  “Figures released by the Ministry of Health show that only a tiny percentage of the eligible families have applied… ...
    2 weeks ago
  • Clear message handed to nuclear states
    MPs Phil Goff, Shane Reti and Marama Fox are due to meet with diplomats from the United Kingdom, Russia, the United States, China and France tomorrow to hand deliver a letter calling for their countries to disarm their nuclear weapons.… ...
    2 weeks ago
  • Parity is no party for export businesses
    The extent of the damage done by the high dollar to New Zealand businesses is larger than many think as shown by a dramatic decrease in exports to Australia as our dollar rises, Labour Leader Andrew Little says. “When the… ...
    2 weeks ago
  • Nats’ limited thinking stifling innovation
    Businesses trying to innovate and create better products are being let down by this Government with an industry expert saying Steven Joyce’s mini-tax credits will have almost no impact, says Labour’s Finance spokesperson Grant Robertson. “Andrew Dickeson, director of taxation… ...
    2 weeks ago
  • Vanishing Nature: A must-read for all New Zealanders
    The Environmental Defence Society’s new book Vanishing Nature – facing New Zealand’s biodiversity crisis, should be read by every New Zealander concerned about our native plants and wildlife and striking natural landscapes; and particularly by Government Ministers before Budget Day… ...
    GreensBy Eugenie Sage MP
    2 weeks ago
  • The CYF review – an exercise in predetermination?
    Child Youth and Family (CYF) has a troublesome history of underperformance and botched care and protection cases, the most recent being its abject failure, along with the Police, to address the Roastbusters sexual abuse allegations with any semblance of professionalism.… ...
    GreensBy Metiria Turei MP
    2 weeks ago
  • Time to act to protect Hector’s Dolphins
    The death of a Hector’s Dolphin in a set net must lead to action from the Minister of Conservation, Ruth Dyson, Labour’s Conservation Spokesperson said today. “Despite the fact that the Akaroa Harbour has been a Marine Mammal Sanctuary since… ...
    2 weeks ago
  • Double-laning Darby and Joan disputed
    The Prime Minister’s by-election promise to double lane the road between Northland’s iconic Darby and Joan kauri trees has been contradicted by officials, Labour’s spokesperson Phil Twyford says. The NZ Transport Agency has told a media outlet that not all… ...
    2 weeks ago
  • Parity: Cheaper trips but lower incomes
    The Kiwi dollar’s near-parity with the Australian means some tourists will have cheaper Gold Coast holidays but New Zealand incomes will stay lower for longer, making it harder for many to afford the trip, says Labour’s Finance spokesperson Grant Robertson.… ...
    2 weeks ago
  • English’s state house flog off plans exposed
    Labour is calling on Bill English to confirm or deny a claim the Government is exploring a mass sell-off of state housing to tenants. Property magnate Bob Jones writes in a newspaper column published today that the Minister responsible for… ...
    2 weeks ago
  • Extension of work scheme urged for disaster relief
    The Government is being urged to extend the Regional Seasonal Employment (RSE) scheme to help families in the most severely-damaged islands of Vanuatu, following Cyclone Pam. “Allowing a further 300 people to take up seasonal employment in New Zealand under… ...
    2 weeks ago
  • Nuclear deal with Iran should be just the start
    A deal struck by Iran and major powers to ensure the Iranian facilities producing nuclear material are not used for the purpose of constructing nuclear weapons has been a long time coming, Labour’s Disarmament spokesperson Phil Goff says. “Undoubtedly Iran’s… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere