web analytics
The Standard

Strategic blunder

Written By: - Date published: 8:20 am, March 6th, 2013 - 40 comments
Categories: energy, national, Privatisation, sustainability - Tags: , , ,

Amidst the froth of predatory “excitement” about the sale of our power generation assets, it was refreshing to read in The Herald yesterday a single lone voice who was thinking long term. Thank you Wayne Cartwright:

Wayne Cartwright: Asset sale is ‘strategic blunder’

The Government’s plan to sell publicly owned hydro-energy resources is a huge strategic blunder. This is not due to the objections raised so far, such as worries about the public-private ownership model or transgression of Maori water rights. The reason is arguably much more important than both of these concerns.

The Government has grossly underestimated the value of hydro-energy assets to New Zealand citizens. The assets are likely to be worth at least double the amount the Government is prepared to accept. This is because the valuations have apparently ignored the implications of clear signals that global energy costs and prices will increase greatly and permanently within the next 7 to 10 years. …

New Zealand’s distinctive energy endowment provides us with the huge future benefit of already providing the high proportion of moderate-cost and renewable energy sources that most other countries, far more dependent on fossil fuels, will struggle to achieve. This means our capacity for hydro and geothermal electricity generation has remarkably high future value. These endowments are truly sovereign strategic assets. They have a very high holding value arising from future strategic opportunities and applications that will emerge for New Zealand if ownership of them is retained.

It seems this high holding value has not been understood either by the generating companies or by the Government and its advisers. This appears to be because the mainstream traditional commercial valuation techniques consider only current and projected electricity prices. The value of strategic holding opportunities is ignored … and underestimates the value of the asset. …

Government’s hydro asset sales strategy is inept because it is blind to the future global energy situation. The strategy is extraordinarily naive and demonstrates both an alarming absence of strategic common sense and a lack of understanding of future economic realities. It squanders a resource that has huge future value to the nation. Implementation of it should be stopped pending proper development of a strategic holding plan.

Dr Wayne Cartwright is a strategy consultant and retired Professor at the University of Auckland Business School.

Exactly.

I don’t know whether the Nat government doesn’t understand this, or simply doesn’t care. But once again we have a classic case of stupid short-term thinking stuffing our long term prospects. It has happened far too many times in this country.

40 comments on “Strategic blunder”

  1. Cartwright’s analysis is clear and compelling.

    There are two possible reasons for national’s strategic blunder:

    1. They are unable to look further than three years into the future.
    2. They want to set in stone the privilege that their supporters already enjoy.

    Either way the decision sucks.

    And having my tax dollars being spent on high quality propaganda to persuade me what a good decision it is really sucks.

  2. marsman 2

    My guess is that John Key and his bankster mates are fully aware of the future value of these assets and that is why they want to make sure that by then the assets will be in the hands of the banksters so they can reap the huge benefits.

    • Matthew 2.1

      This. He knows exactly how much money there is in clean energy, & he is determined that him & his mates make that money for themselves.
      These sales have the ability to bankrupt New Zealand, & he couldnt give a rats ass.

    • Tom Gould 2.2

      Indeed, and once the world works out ‘plug-in’ cars, these renewable power generators will be hugely valuable. The oil barons will be in like dogs. Yet again, Key is selling us all down the river. This guy described what the Tories are doing as a ‘massive wealth transfer’. Not that you will see that reported. The chooks are too mesmerised by the website crashing, which in their simple minds means the sale is enormously popular, and thus a great thing for ordinary Kiwis and the nation. Idiots.

    • muzza 2.3

      Couple of things

      1: This is not a straegic blunder at all!

      2: Its not about money, its about making sure that NZ, through the privitzation of life supporting systems, is not able to fend for itself.

      Debt has ensured that the towns, cities and country, are now on a one way journey, it can’t be stopped, because people won’t accept what this about. – Its about servitude, its about domination!

      Its nothing to do with money, because the same people who want these assets put up for sale OWN the global monetary supply – They are the same entities QE’ing the shit out worlds reserve currency, among others!

      • mickysavage 2.3.1

        It is a strategic blunder if you want to make sure that the state is able to look after everyone and the rich’s existing privilege is not further enhanced.

        Oh wait …

    • SpaceMonkey 2.4

      My thoughts too… National know exactly what they’re doing and who they’re working for.

  3. Colonial Viper 3

    Why are we continuing the meme that the National Government is being short sighted and stupid in their asset sale programme?

    The Tories, their advisors and their consultants know exactly what they are doing. As MS suggests – they are successfully looking after long term interests: their own.

    Again, all respect to the Tories for having the political guts and skill to push forwards relentlessly with a highly unpopular policy, one which directly benefits their core voters at the net disadvantage of the bottom 80% of society. National don’t take their core supporters for granted.

    • Enough is Enough 3.1

      Exactly CV. The Nats look after their supporters and will give them what they promised them. They have been stratgically brilliant if you assess the outcome by what they intended to do when they were voted in.

      Now it is time for Labour and Shearer to stand up with Winston and promise to their supporters what those supporters are demanding. To Nationalise every single asset that National gives away in the next 18 months. It should be done without compensation (beacuse in reality selling them is treason). But if they have to pay then so be it. The long term economic case stands up to purchasing back those shares sold against the will of the people.

      • SpaceMonkey 3.1.1

        They already are… you don’t think the current Labour leadership are working for the people of NZ either to do? They’re waiting in the wings, not unlike National did during Helen Clarke’s Government, for when the people get sick of the incumbent Government. I’m not expecting too much in the way of policy from Labour either… that’s another marker for stooges masquerading as politicians.

      • Wayne 3.1.2

        But is that what most Labour supporters would want (as oppossed to the fringe). I imagine most Labour supporters want some modicum of respect of property rights and the rule of law. And with compensation would Labour voters see this as the best way to spend $5 billion. Supporting higher taxes to say 40 or 45%, or a stronger social policy is not the same as supporting wholesale nationalisation. As a rule Labour voters are not voting for a revolution – but Mana voters might be

        • Enough is Enough 3.1.2.1

          If Labour supporters dont want that…then why aren’t they voting National

  4. MoiMoi 4

    The Nats need cash for election bribes, it’s as simple as that.

  5. Te Reo Putake 5

    Dr Cartwright was also on checkpoint last night expanding on the stupidity of the sales:

    http://www.radionz.co.nz/national/programmes/checkpoint/audio/2548232/critic-of-asset-sales-says-power-companies-under-valued

  6. Colonial Viper 6

    I’m looking forwards to Shearer coming out with a far stronger line, promising direct action against asset sales this week.

    Well, I live in hope.

    • The Garner interview was a bit of a train wreck.

      Shearer should have come out and said the following:

      1. He does not want the Kiwi Super fund to own the shares because the Government already does and to change ownership has no beneficial effect whatsoever.
      2. All that would happen is NZ would go from having $23 billion of shares to $18 billion of shares.
      3. And to do the transfer we would have to pay lots of money to merchant bankers and PR shysters.
      4. There will be leakage of money overseas as at least some of the shares will be owned by overseas interests. The balance of payments will worsen,
      5. It is inevitable that directors fees will go up and the company will become more focussed on charging more so that its shareholders are paid dividends.

      • Colonial Viper 6.1.1

        You could do this for a job…wonder why the highly paid Wellington spin merchants can’t put something like this together in an hour.

        • felixviper 6.1.1.1

          Because they’re under instructions not to go all “opposey” and frighten a national voting middle-aged small businessman who is against almost everything the labour party is supposed to stand for.

          • prism 6.1.1.1.1

            Yhe sort of bloke with a KKK mentality except instead of racism he hates everything that smacks of the left.

        • mickysavage 6.1.1.2

          The funny thing is that I have been with Cunliffe when he has spoken to business groups like Auckland’s commercial lawyers based down town.

          He gave a strong speech full of Labour values.

          He spoke about regulating financial markets, the Government retaining its assets and getting people back to work.

          He finished with:

          While politicians squabble about balancing the government’s books, our ship is in dangerous waters.

          The Labour Party is not your enemy.

          Your enemy is inefficiency, corruption, and the wastage of both public and private wealth.

          Your enemy is a cosy corruption that helps a few friends of the government get very rich at the expense of the community, including most of the business community.

          The three pillars of our survival are investment, innovation and education.

          An educated population that earns decent wages will work in your factories and offices, will buy your products, and invest in your shares.

          Even as we speak, the global crisis deepens. We cannot solve the crisis of the present by repeating the failures of the past.

          New Zealand rose to the challenge of the Great Depression and emerged as a prosperous and functional democracy that was the envy of the world.

          There are no winning sides on a sinking ship. While we squabble on the deck, our situation grows graver every day.

          Our ship cannot sail itself. We can’t wait for the crisis to overwhelm us before we respond.

          A global economic tsunami could sink us. We have to work as a team; rather, we have to work as a crew, remembering that we’re all in this together. We all prosper together or we all sink together.

          The funny thing is that the speech was challenging and offered an alternative direction to a group of people who were doing very well but it was remarkably well received. Challenging ideas are not dangerous but not offering an alternative view is.

          The speech is at http://cunliffe.co.nz/speech-learning-the-lessons-of-history/

    • SpaceMonkey 6.2

      Hell will freeze over before that happens and with the global tempearatures increasing year on year, we could be waiting an awfully long time.

  7. wyndham 7

    As I’ve remarked previously on this site, the modern economy worldwide, runs on ‘energy’.
    Any nation that deliberately sells down such a vital asset is either controlled by the insane or the corrupt.
    Or perhaps Key and Co. really are but pawns themselves and acting on instructions from the IMF ?

    • Colonial Viper 7.1

      Yep. Modern civilisation runs on energy.

    • Macro 7.2

      During WW2 the allies invested millions of pounds and 10 of thousands of airman’s lives to do just exactly what National are now doing. Destroying the vital Strategic Asset of Hydro Power Stations. The Allies couldn’t buy them – and then shut them down. But we know what happens when Strategic Assets such as Trans Rail are not owned by the state. Private enterprise just run them into the ground.

      • Wayne 7.2.1

        Has that happened with Contact or Trustpower?

        • Colonial Viper 7.2.1.1

          Forget Trustpower, they are not a major generator.

          Contact: a wealth pump sucking the life out of NZ communities.

  8. Mary 8

    What I want to know is how Matthew Hooton would wormtongue his way around this one.

    • One Tāne Huna 8.1

      I’d be more interested in knowing exactly who paid him to say it and whether any public money was involved.

  9. tarkwin 9

    Why not buy shares? Anything that doubles in value in seven years sound like a reasonable bet. One would also assume all Labour and Green M.P’s will be happy to sign a pledge saying they will not be buying any shares? If the government sells forty nine percent the fifty one percent they retain will be worth that much again anyway after seven years. Any new Zealander that buys shares will make one hundred percent profit. All sounds O.K to me. This is assuming we take Mr Cartwrights article at face value as most people commenting here seem to.

  10. DropDead 10

    Typical ill-defined and expounded twaddle of a ‘strategy’ consultant.

    • Draco T Bastard 10.1

      That dull witted and meaningless sentence is proof that you’re the type of person who only listens to people who tell you want you want to hear.

  11. Draco T Bastard 11

    But once again we have a classic case of stupid short-term thinking stuffing our long term prospects.

    I’m not even sure that it’s short term thinking.It seems to be long term thinking just in favour of the rich rather than the country. People who get to charge rent forever from an entire country – yeah, that’s long term thinking.

  12. outofbed 12

    I have no problem with the National party selling shares. that is what thet are there for .
    ough people voted for then to do what the fuck they like. We knew that.
    My problem is the Labour party. The Labour party knew what the dangers were and how important it was not to give the bastards a second term, so what did they do faced with such an important task?
    They make Goff leader. Goff who was pretty much unelectable.
    So then what do they do ? When more of cuts and the sales start happening and it is so so important to stop the bastards.
    They stick Shearer in as leader who lets face it is never going to be PM. But we know what will happpen don’t we? A year out from the election or less they will make the unelectable Grant Robertson leader And the tories will sell the air that we breath

    So I don’t blame National they are just being National doing what they do. Blame Labour our only chance of stopping the fuckers

    We probably need a new party on the left or fire up the alliance

    I can’t see why Shearer does not come out with the simple statement that if the referendum comes out against asset sales then a new labour Govment will buy them back for the price paid less any dividends paid and less any sale and buy back costs incurred
    I won’t hold my breath

  13. Lloyd 13

    Have you seen that TV ad? Makes me want to throw something at the TV every time I see it.
    I own a share in those power companies now because they are government owned.

    The natwits want me to give someone money so that I can own something they are stealing from me!

    Should I be reporting stolen goods being advertised ? Who do I call? The police?

    Are the stock brokers and bankers involved acting as fences?

    Any opposition to these sales must tell potential ‘purchasers’ of these stolen shares that the shares will be treated like any other stolen goods and will be handed directly back to the owners (the government) with NO RECOMPENSE. In other words the shares are worthless.

    If potential purchasers are going to lose all their money on the shares they will probably still be prepared to buy because the sort of people who would buy shares under these circumstances are the same sort of people who buy Lotto tickets – they like paying taxes.

  14. geoff 14

    The whole idea of ‘selling’ hydro dams is demented anyway. It’s not like the owner can upsticks and fuck off with a hydro dam.

  15. Yoza 15

    David Farrar/Whaleoil have the right idea- http://www.kiwiblog.co.nz/2013/03/truth_asks_what_will_labour_do.html#comments – Labour/Greens need to come out and state they will be nationalising the privatised portion of Mighty River Power when they win the next election and they will be paying the absolute minimum in compensation to anyone who has bought shares. It’s not hard.

  16. peterlepaysan 16

    The Nats are ideologists. Do not expect rationality or logic from them.
    Selfish prejudice masquerading as “economics” is their common mantra which I/ we are ok with shafting the rest of you

    Unfortunately to a greater or lesser degree so are the other parties equally guilty

    Any grasp of reality and logic defines the differences between the parties.

    How does one tell the difference between National and Labour?

    The remaining parties are (albeit very useful ) sideshows.

    The NZ Labour Party appears to be on a kamikaze course.

    Welcome to a NZ governed by a parties supported by business interests.

    The rest of us do not matter.

    We are fodder for banks.

    Sigh.

    Hooton and Farrar would be delighted that “business” was completely unfettered..

    So would the Mafia, business round table, chamber of commerce and Somali pirates. They are only protecting their own patch and acting in enlightened self interest for the maximisation of profits to their “stake holders/ share holders.

    What the Nats/ labour people do not realise is that by putting a dollar price ticket on something does not correctly values it.

    There are a lot of voters out there who may/probably would have turned out to vote for Labour.at the last two elections. They did not.

    What is Labour doing to rectify this?

    San fairy ann.

    • Colonial Viper 16.1

      What is Labour doing to rectify this?

      Huh? Was there a problem with how the last election was run for Labour???

Recent Comments

Recent Posts

  • Fonterra payout $13b black hole over 2 years
    Fonterra’s dramatic cut to its forecast farmgate payout over this season and next will lead to a $13 billion black hole over two years, and shows the need for a plan to diversify the economy, says Labour’s Finance spokesperson Grant… ...
    10 mins ago
  • Labour calls for select ctte inquiry into Rural Broadband Initiative
    Labour is calling for an immediate inquiry into the flailing $300 million rural broadband initiative, before companies and consumers are forced to pick up the tab for the new $150 million broadband tax, says Labour’s ICT spokesperson Clare Curran. “Rural… ...
    11 mins ago
  • Public broadcasting takes big hit under National Government
    Public broadcasting funding has been cut by 25 per cent in real terms since the National Government took office in 2009, leading to the erosion of our once world-class news and current affairs culture, says Labour Broadcasting Spokesperson Clare Curran. … ...
    37 mins ago
  • Hospital food plan hits another snag
    The Government has been left with egg on its face with Hawke’s Bay District Health Board today giving a plan to outsource hospital food services the thumbs down, Labour’s Health spokesperson Annette King says. “Doing away with local kitchens by… ...
    15 hours ago
  • Hospital food plan hits another sang
    The Government has been left with egg on its face with Hawke’s Bay District Health Board today giving a plan to outsource hospital food services the thumbs down, Labour’s Health spokesperson Annette King says. “Doing away with local kitchens by… ...
    16 hours ago
  • Wilkinson appointment wrong in principle
    The appointment of former Conservation Minister Hon Kate Wilkinson as an Environment Commissioner is wrong in principle, says Labour’s Shadow Attorney-General David Parker. “The doctrine of separation of powers requires judicial processes to remain separate and independent from the legislature… ...
    17 hours ago
  • McCully doesn’t deny bribe in Saudi sheep scandal
    “In Parliament today I asked Murray McCully directly: Why is he the first Minister in history to back a multi-million dollar facilitation arrangement which in other jurisdictions is called a bribe? says Labour’s Export Growth and Trade spokesperson David Parker.… ...
    17 hours ago
  • National must back our future doctors
    National must support our future doctors and agree to the calls from the Medical Students’ Association and the Young Nats to lift the arbitrary 7 year cap on student loans for medical and dental students, Labour’s Tertiary Education Spokesperson David… ...
    17 hours ago
  • Taxpayer the loser after Government folds
    Steven Joyce today admitted the main exhibition hall at the New Zealand International Convention Centre is 19 per cent smaller than what was described at the time other bidders were edged out of the process, Labour’s Economic Development spokesperson David… ...
    18 hours ago
  • Govt’s lack of ambition for women
    Yesterday, the Government put out a media release entitled “Number of women leaders continues to grow”. It was to inform us that the percentage of women on state-appointed boards has increased to 41.7%, up from 41.1% in 2013. Well, woo-hoo… ...
    GreensBy Jan Logie MP
    20 hours ago
  • Auditor-General exposes Key’s scapegoating of Council
    The National Government's blaming of Auckland Council for the city’s housing crisis has been exposed as scapegoating in the Office of the Auditor-General’s latest report, Labour’s Housing spokesperson Phil Twyford says. “The Auditor-General says Auckland Council’s part in fixing the… ...
    22 hours ago
  • Reform – not money – needed for meat sector
    The National Government continues to throw good money after bad at the meat industry instead of addressing the fundamental problem of its dysfunctional structure, Labour’s Primary Industries spokesperson Damien O’Connor says. “The latest Primary Growth Partnership grant to the venison… ...
    22 hours ago
  • Government cuts corners on school bus funding
    The safety of children – not cost cutting – should be the main objective behind the Government’s funding of school buses, Labour’s Education spokesperson Chris Hipkins says. “Buried in the detail of this year’s Budget are $19 million of funding… ...
    22 hours ago
  • Women the losers under National’s cuts
    National’s poor performance in appointing women to state sector boards is set to get worse with funding cuts to the nomination service provided by the Ministry for Women, Labour’s Woman’s Affairs spokesperson Sue Moroney says. “Minister for Women Louise Upston… ...
    22 hours ago
  • Help sought by agencies now asked to help
    The organisation Social Development Minister Anne Tolley has tasked with setting up an emergency hotline for stranded Relationships Aotearoa clients has just lost a bid for a government contract to launch a new national helpline, Labour’s Acting Social Development spokesperson… ...
    22 hours ago
  • Wellington got loud again on climate
    On Monday night, in Wellington, I attended the last of the Government’s climate target consultation meetings. It was quite well attended with maybe 150 people, not bad for a second meeting with very little notice and, as far as I… ...
    GreensBy Jan Logie MP
    1 day ago
  • Final nail in coffin for Solid Energy workers
    Today’s confirmation of job losses at Solid Energy’s Stockton and Spring Creek mines shows the urgent need for new economic opportunities on the West Coast, Labour’s MP for West Coast-Tasman Damien O’Connor says. “Our economy can no longer rely on… ...
    2 days ago
  • Ramadi proves Iraq deployment high risk, low benefit
    The fall of Ramadi and the collapse of the Iraqi Army proves Labour was right to be concerned about the deployment of our troops to Iraq, Labour’s Defence spokesperson Phil Goff says. “The fall of Ramadi brings IS fighters within… ...
    2 days ago
  • English admits new taxes on the cards
    Eight months after pledging “no new taxes” at the election Bill English today admitted he would bring in more sneaky taxes along the lines of the border tax, says Labour’s Finance spokesperson Grant Robertson. “Not only did National bring in… ...
    2 days ago
  • What the Dickens is going on at SDHB?
    Problems at the financially-strapped Southern District Health Board appear to stretch to its HR department with information obtained by Labour showing it still records staff leave entitlements using manual book-keeping methods. “The Board’s draft 10-year plan document forecasts a cumulative… ...
    2 days ago
  • Teachers turn backs on new professional body
      The fact that just 56 per cent of nominations for the Education Council came from registered teachers shows the profession has turned its back on Hekia Parata’s new professional body, Labour’s Education spokesperson Chris Hipkins says. “Answers to written… ...
    2 days ago
  • No spade work done on big building plan
      Only a quarter of the 500 hectares of Crown land the Government wants to use for new homes is understood to be suitable for building on, Labour’s Housing spokesperson Phil Twyford says. “This was National’s bold new idea to… ...
    2 days ago
  • National: Seven KiwiSaver cuts in seven years
    National’s campaign of KiwiSaver cuts has reached seven in seven years as it dismantles KiwiSaver block by block, Labour Leader Andrew Little says. “KiwiSaver is critical to establishing a savings culture in New Zealand but National has taken a jenga-style… ...
    2 days ago
  • Tolley’s actions contradict reassurances
    Social Development Minister Anne Tolley has serious questions to answer following the forced closure of Relationships Aotearoa just days after her reassurances she was looking at ways to keep the service operating, Labour’s Acting Social Development spokesperson Annette King says.… ...
    2 days ago
  • SkyCity downsize another broken promise
    The downsized SkyCity Convention Centre does not deliver on the promised iconic world-class centre and shows the true extent of Steven Joyce’s incompetence, Labour Leader Andrew Little said today. “New Zealanders were promised an iconic world-class convention centre that would… ...
    2 days ago
  • Te Arawa partnership model a step closer
    Councils around New Zealand have an opportunity to improve their consultation with Iwi Māori by following Rotorua District Council’s Te Arawa Partnership Model, Labour’s Māori Development spokesperson Nanaia Mahuta says. “The Rotorua District Council will today decide whether to adopt… ...
    2 days ago
  • Labour mourns Dame Dorothy Fraser
    Labour Leader Andrew Little said the party is today mourning the loss of the youngest person to join the Labour Party, Dame Dorothy Fraser, who went on to be a stalwart of the Dunedin community and tireless worker for others.… ...
    3 days ago
  • The ultimate scapegoat: PM blames fruit fly for new tax
    The Prime Minister has found the ultimate scapegoat for breaking his promise not to introduce a new tax – the Queensland fruit fly, Labour’s Biosecurity spokesperson Damien O’Connor says. “John Key’s first policy upon taking office and assigning himself the… ...
    3 days ago
  • How many victims missing out on protection?
    Hundreds of domestic abuse victims could be missing out on getting protection orders because they are unable to get legal aid, Labour’s Justice spokesperson Jacinda Ardern says.“In the last two years some 351 people who applied for legal aid for… ...
    5 days ago
  • Government kicks hardworking whanau
    A major incentive to help young Kiwis and people on low incomes to start saving has been kicked out from under them with the National-led Government ramming through short-sighted legislation under Urgency today, Labour’s Maori Development Spokesperson Nanaia Mahuta says.… ...
    5 days ago
  • Speculator tax political stunt gone wrong
    Bill English’s admission he doesn’t know whether National’s new speculator tax will have any effect shows last weekend’s announcement by the Prime Minister was a desperate political stunt, says Labour’s Housing spokesperson Phil Twyford. “This Government is so desperate to… ...
    5 days ago
  • The value of parenting
    This week, as part of the Budget, the government introduced a bill to address child poverty. This bill will require parents receiving income support to look for part-time work once their youngest child is three years of age rather than… ...
    GreensBy Jan Logie MP
    5 days ago
  • Another new tax, another broken promise
    National has unveiled yet another new tax in this budget – a rural broadband levy that will almost certainly result in an immediate price hike for internet and telephone connections across New Zealand, Labour’s ICT spokesperson Clare Curran said “The… ...
    6 days ago
  • Anniversary of Sri Lankan Tamil Massacre
    This is not going to be a happy story but if the Green Party of Aotearoa doesn’t want to know who else will? May 18th marks the anniversary of what is known as the ‘Mullivaikal massacre’ of Tamils in 2009 at… ...
    GreensBy Catherine Delahunty MP
    6 days ago
  • Labour MPs join youth to take part in 40 hour famine
    A team of Labour MPs took part in the 2015 World Vision 40 hour famine and we were told by World Vision and the young people, that it was the first time MPs had joined them and how appreciative they… ...
    6 days ago
  • Rodeo: ‘Family entertainment’ or animal abuse?
    Recently  TVNZ ran a story with confronting footage showing rodeo animals being punched, repeatedly shocked with electronic prods and having their tails violently twisted over their backs. It was clear that significant force was being used behind the scenes to make… ...
    GreensBy Mojo Mathers MP
    6 days ago
  • Budget puts the squeeze on police
    The Government has cut funding to the New Zealand police force in the latest Budget, says Labour’s Police spokesperson Kelvin Davis. “The reduction is a whopping $15.3 million that could put front line officers at risk. ...
    6 days ago
  • Crucial social services take another hit
    The Government looks set to slash half a million dollars of funding for critical social services, including Women’s Refuge and Barnados, says Labour’s Social Development spokesperson Carmel Sepuloni “Taking $500,000 from organisations aimed at improving the lives of vulnerable families… ...
    6 days ago
  • Saying it Loud on Climate in Christchurch
    The Government’s Christchurch consultation meeting on New Zealand’s emission targets was inspiring – not for what was in the Ministry for the Environment’s (MFE’s) defeatist video about the obstacles to changing to a low carbon future, but for what the… ...
    GreensBy Eugenie Sage MP
    6 days ago
  • Budget silent on small business
    The Government has completely ignored one of the most important sectors of the economy – small and medium-sized enterprises – in Budget 2015, Labour’s Small Business spokesperson Jacinda Ardern says. "A stunning 41 per cent of jobs were created by… ...
    6 days ago
  • Thank you John, it’s been bloody marvellous
    The departure of John Campbell is a blow to current affairs investigative journalism, Labour’s Broadcasting Spokesperson Clare Curran says. “Campbell Live stood out in its field. Its axing comes as local broadcasting in New Zealand remains in a state of… ...
    6 days ago
  • KiwiSaver cut shows no long-term plan
    National’s cutting of the KiwiSaver kickstart is incredibly short-term thinking, typical of a Budget that is woefully short on ideas to generate wealth and opportunity, Labour’s Finance spokesperson Grant Robertson says. “New Zealand’s savings rate is far too low. KiwiSaver… ...
    6 days ago
  • National hits the panic button for its 7th Budget
    National has hit the panic button for its 7th Budget in a desperate attempt to look like they’re taking action to reduce our shameful child poverty rates, but they are giving with one hand and taking with the other, Opposition… ...
    7 days ago
  • Panic and back-flips can’t hide twin deficits
    National’s token measures to fight fires they have left burning for seven long years can’t hide a Budget that is long on broken promises, short on vision and fails to reach surplus, says Labour’s Finance spokesperson Grant Robertson. “After being… ...
    7 days ago
  • Auckland land measure seven years too late
    National are so desperate to look like they are doing something about the Auckland housing crisis they have dusted off Labour’s 2008 inventory of government land available for housing and re-announced it, says Labour’s housing spokesperson Phil Twyford. “Despite National… ...
    1 week ago
  • Access to gender reassignment surgery essential
    I was frankly disgusted to hear the Minister for Health say that funding gender reassignment surgeries is a “nutty idea”. A recent study found that in New Zealand 1% of young people identified themselves as transgender, and 3% were unsure… ...
    GreensBy Jan Logie MP
    1 week ago
  • Global milk prices now lowest in 6 years
    The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices… ...
    1 week ago
  • Big risks as CYF checks stopped
    Revelations that Child, Youth and Family is no longer assisting home-based early childhood educators by vetting potential employees should set alarm bells ringing, Labour Children’s spokesperson Jacinda Ardern says. “Doing away with an extra mechanism for checking potential new employees… ...
    1 week ago
  • Housing crisis about real people not numbers
    The Government’s continued failure to tackle the housing crisis is seeing thousands of vulnerable Kiwis being kept off social housing waiting lists, while others, who are on the list, are being forced to live in cars and garages, says Labour’s… ...
    1 week ago
  • Housing crisis about real people not numbers
    The Government’s continued failure to tackle the housing crisis is seeing thousands of vulnerable Kiwis being kept off social housing waiting lists, while others, who are on the list, are being forced to live in cars and garages, says Labour’s… ...
    1 week ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere