web analytics
The Standard

The cost of asset sales

Written By: - Date published: 5:29 pm, July 24th, 2012 - 25 comments
Categories: bill english, john key, Privatisation - Tags:

So far…

Looter’s Bonus Loyalty Scheme

$250,000,000-$500,000,000: Treasury
Best guess: $360,000,000: Finance and Expenditure Select Committee
Could be: up to $1,000,000,000
No idea: John Key

Brokerage fees

$90,000,000: $7 million this year, $66 million next, $17 million in 2014
$1,100,000: spent so far
Won’t say: Bill English

Iwi settlements over water rights

(not ownership, because no-one owns water. As ImperatorFish says: “It would be like claiming ownership of a cloud or the air we breathe, or the soil beneath our feet. Who ever heard of such a thing?”)
No idea: any of us, least of all John Key

Advertising / PR

$30,000,000 ($120 million direct costs, minus brokerage fees)
Won’t say: John Key or Bill English

Total: $370,000,000 – $?,???,???,??? – a fair chunk of the $6 billion the government hopes for, even before you add on:

Lost Revenue

$100,000,000 per year: government books worse off according to Treasury

25 comments on “The cost of asset sales”

  1. Ad 1

    Cost to taxpayer of consultancy fees prior to IPO $

    Cost to each citizen of losing 49% of the Mighty River Asset $

    Cost to each citizen of subsidizing all of the costs of the sale $

    Cumulative cost to customers and to New Zealand of probable power increases $

    Opportunity cost to citizens of purchase price (since they already own it) $

  2. tc 2

    Key and cohorts haven’t disappointed me with the ever changing rubbery figures and outright lies but the media need to have a good hard look at themselves as the only ones in a position to show this sham for what it is……rewarding your backers with juicy gold plated investments that belong to every kiwi while playing the value down so your rich mates can pay even less and getting the taxpayer to pick up all the costs.

  3. Carol 3

    And Key had the gall to snearingly criticise Labour and the Greens for pulling numbers out of their a*se with respect to the asset shares bonus scheme:

    http://www.parliament.nz/en-NZ/PB/Business/QOA/8/7/3/50HansQ_20120724_00000002-2-State-owned-Assets-Sales-Loyalty-Bonus.htm

    Rt Hon JOHN KEY: —possible, depending on how it was calculated and by whom. Frankly, what we are seeing in this debate is that Labour and the Greens just make up all sorts of numbers.

    It’s time more Kiwis (including tame journos) woke up to what a cynically nasty piece of work our PM is.

  4. SukieDamson 4

    … the normal economics of maximising economic value is replaced by the topsy-turvy economics of maximising current extractable value which tends to drive the firms economic net worth deeply negative…

    The moral hazard of looting

  5. maffoo 5

    cost of the asset sales

    20000 more kids with cold-related respitory diseases
    20000 more elderly people ending up in hospital because they cant afford to heat & eat on the same day

    the human cost is the real cost…. the poor, sick, & old will die in some caes
    & think, if power costs more, imagine how much more it will costs to run hospitals, schools, police stations, central & local govt buildings, street lighting, traffic signals, security lighting on boatramps, wharfs, and parks…..

  6. Tom Gould 6

    According to Tory lapdog John Hartevelt “Labour’s assault misfired at its first shot, touting a ludicrously inflated and totally unrealistic cost.” Pity the gallery lacks a single brain cell these days, having fallen for the old Key trick of ‘no numbers’ then slamming any other number, even from Treasury, as wrong. And lazy, indolent chooks like Hartevelt fall for it every time.

  7. Tracey 7

    for $350m over the next 3 years we could increase paid parental leave and give more kids a greater start in life, but it’s better that money goes to brokers…

    I have a 70 year old retiree living with me at the moent. He’s in Auckland for ten days doing some work, because his pension isn’t enough. He has bad hips and has had since I have known him (back in 2001 we met). They have got steadily worse. Yesterday he forgot to take his pain medication (that’s right, he can’t get on the waiting list until the pain medication no longer works – that from his specialist and GP). So he walked to the bus stop then did a day’s work, and walked home from the busstop. He could barely walk last night. Getting up out of a seat was extremely painful. So he remembered to take his medication today/ last night, and limped out the door this morning, not in much pain but clearly suffering. He has a beautiful rose garden which he can no longer tend and is largely cooped up inside because getting in and out of his car is painful. He has paid, and still pays tax for over 50 years (starting working in taxed jobs at 15). He’s done his share and can’t afford to buy the shares either.

    But I think a loyalty bonus, PR and brokerage fees is better spent than on more hip replacements or other operations.

  8. Tracey 8

    90m in brokerage fees =

    60,000 laptops in schools @ $1500 ea
    2250 hip replacements @ $40,000 ea
    8 years of paid parental leave
    238 years of self defence for high school girls (“The Girls’ Self Defence Project, which has been running in schools across New Zealand for 15 years, has had a positive impact on the lives of more than 77,000 Kiwi girls,” Jacinda Ardern said.

    “The project has consistently delivered positive results, with over 90% of girls participating saying that they felt stronger, more confident, and more educated in techniques to deal with unsafe situations.)

    and so on…

  9. prism 9

    We’ve talked about price rises for electricity as a result of private enterprise and the expected and demanded profit for supplying this vital necessity. Competition between companies too will have tremendous costs while they compete for brand name recognition and customer numbers.

    On Trademe there is an example of the sort of outrageous advertising to sell us what we are already aware that we need and already buying, from Powerco I think. A reclining devil or vampire has a tube feeding blood into his arm – his fingers flex each time there is a transfusion. This advertising, its design and the cost of placement, is just another of the expenses and flim flam we will get from competing power companies which we will pay for.

    As well there will be big fat payouts to the top people for just continuing supply of what we would have bought anyway. When their daughters marry there will be a big fat wedding paid for out of our pockets, and big fat holidays, and big fat desks and fine furnishings, or austere to show how serious they are, but with furnishings imported from Italy etc. (Italian office furniture was imported by some of the chosen after we restructured government, so that’s not just something from my fertile mind.)

    It’s interesting how mothers and fathers who provide the children that we need to maintain ourselves in all ways, get so little monetary or other recognition and expenses, yet electricity company managers will be gold-plated, when it’s a technical job in the main which should be done by someone with that expertise plus an accountant and small office staff.

  10. Jackal 10

    National devalueing our assets

    John Key is showing his financial illiteracy again, being that a bonus shares scheme would cost between $250 to $500 million according to Treasury, and perhaps even exceed $1 billion. What information Key is basing his assertion on that free shares could be an economic gain for the government has not been made public, probably because it doesn’t exist.

  11. Observer AKL 11

    New Zealanders own these assets. They are about to be taken off the common man and put into the ownership of relatively few wealthy people here and in foreign countries.

    The assets provide power which is a vital basic necessity to every New Zealander. To keep control over costs, and to avoid paying unneeded private shareholders, the common man must retain these vital assets or get them back from the rich.

    It is for this reason the political parties declaring an interest in the common man, must vow to retain the Assets or get them back from the wealthy.

    The day Labour and the Greens make that vow is the day New Zealanders will know that common sense has returned to our Parliament. At the moment, Labour and Greens appear harmless and convictionless. Shams really. They are firmly in the camp of the few wealthy.

    The smaller parties – New Zealand First and Mana – are the only ones taking the vast majority of Kiwis seriously.

    • jack 11.1

      And Winston will do it. That’s why I voted for him in 2011 and why I will vote for him in 2014. I read an article about Key in the Listener… pure puffery.. sounded like a fairy tail compared to what Key is really doing. Shame, the public believe this bullshit.

      • xtasy 11.1.1

        Problem is: Winston is not Owen Glen, who he fell out with, and he certainly has not got that guy’s money, or other money, which would be needed for buying back the assets.

        Labour is totally dodgy on this one too, but at least saying they will not commit to buying shares back, as it may be impossible (due to budgetary restraints).

        The main problem is: English has already SPENT the money that is yet to be earned from the asset sales, so he and Key and the gang already put NZ further into debt, and at the same time want to sell something that is not even “cleared” yet due to legal challenges, due to market risks about the returns to be expected, and due to the costs of seeing all this through now, which vary between a few million and mega millions.

        Has there ever been a more irresponsible, inexpert, dumb and incompetent government in NZ over the last two decades, who announces big plans and sales, but who has not even analysed, planned and accounted for what the process will involve and cost. Is this not idiocy pure? But too many Kiwis sit and watch dumb commercialised TV, surf on the web and “chat” on Facebook, Twit Turf and whatever, rather than THINK and ACT.

        Has all tha education been for nothing, or has education dropped so far, that it has lost all meaning?

        Well, if the ones that should stand up are “overwhelmed”, it seems, they rather pack their bags and move to Aus, same as some young neighbours of mine are doing right now.

    • OneTrack 11.2

      But neither Labour or the Greens are making that commitment. Maybe they have decided that they want the existing capital assets transformed into cash in the hand assets, that they can spend on what they want.

  12. xtasy 12

    John Key and his ministers more or less go by this line:

    Well, this may be somewhere in the range of bla, bla, bla, well that is not sure, but it maybe less, or more, or it may be totally off that figure, I presume, given the opposition always give us wrong figures, while we are trying to work out the real figures, which could be somewhere there, here or anywhere, really, who knows, we will find out in the end some time sooner or later?!

    Any other questions?

    If that does not work:

    Well that is purely an “OPERATIONAL matter”, which is not within my direct ministerial responsibility.

    Remember:

    In NAZI Germany, all were just doing and fulfilling “their duties”, they were not responsible, knew nothing much of anything, and they were all innocent after all. It may have also fallen into the category of “operational matters”, I presume.

    Accountability of a Key led government, sort of, I presume. But who is now really “responsible” and in charge, and above all “accountable” and “knows” what will happen in detail?

  13. Observer AKL 13

    Hi Xstasy

    I take your points …. and the already SPENT … money

    But if Labour and Greens were to take a principled vow to return the shares to the New Zealand public, would it be a turning point in NZ politics?

    The 70% of kiwis who do not want the assets to slip into the clutching hands of the wealthy and overseas owners – would be heartened. I think.

    Additionally, the purchasers of Key’s shares, would be advised that the they will not get back the cost of their purchase – in view of the huge expense of mounting the float – and in view of the anxiety they caused powerless people.

    They would get back only what the nation could reasonably afford. Then only, over a period of time so as not to stress the economy.

    • xtasy 13.1

      Thanks, I get your point and guarded agreement.

      The problem for NZ and NZers is: Previous governments have signed up for abiding by WTO and other agreements, whether these are FTAs or whatever, so entering into commercial agreements or contracts, which naturally the planned sale of up to 49 per cent of shares in the formerly state owned assets will also mean, that will “bind” NZ and NZers legally.

      It should never go ahead, it must be stopped right from the outset, and since the law on mixed ownership has sadly passed, all that can and must be done now is, to on one hand go ahead with the petition for a referendum, but also to take all kinds of actions to make it impossible for the deals to go ahead.

      It is simply economic nonsense, as even leading economists will vow (Gareth Morgan was cautiously critical, the guy from Berle or so was also, same as others), to sell strategic assets in this way.

      Even where asset sales of this type happened, Norway has kept about two thirds of Statoil (the state dominated and owned energy company there), same as Tamasek from Singapore has much more than 51 per cent shareholding in the strategic assets held with energy generation and trade.

      51 per cent is a silly “majority” and will expose the government to undue pressures from private shareholders, to simply get the maximum returns in dividends, rather than invest in the assets and new assets to expand business. Look at the bus companies and even water companies in NZ that have been privatised, there has been little investment in infrastructure and improvements, rather a “milking” of the revenues!

      So maybe do all to sabotage this idiot plan!?

  14. Observer AKL 14

    Thanks Xtasy

    Overseas investors may well look for ways of sheltering under their sovereign Trade Agreements. We would expect America to be aggressive in pursuit of their “rights” to screw the less well off. Their FTAs are designed very carefully to fatten the US of A.

    The local “Mummy and Daddy investors” may find that Parliament really has the ultimate power to give and the power to take away. Ask Mr. key.

    You are right though, every effort should be made to stop the stupidity before it gets any further.

    I have a hunch that many nations would be pleased to see little New Zealand do the right thing by its common man. There is a hellish huge stench hovering over money (and the people who have excess of it) around the world. A sick in the guts feeling.

    Business, as distinct from the trading investment racket, knows that the bulk of a nation needs spending power if it is to thrive. The success of Business is absolutely tied to the wallets of the ordinary people. No wonder serious Economists do not support imposition of higher costs on the basic necessities of life.

    Around the world, it is time to shift a little of the vast wealth of those who have into the hands of the common man.

    Our current Parliament had the opportunity to do that. But the aristocratic Maori Members in league with John Key have done the exact opposite. Proving themselves to be the true enemies of Business and the market place; and of the Common Man.

  15. If asset sales are such a good idea, why doesn’t John Key sell 49% of his house to me and I’ll rent that 49% back to him at whatever I decide is a reasonable rate of return. Plus, if I still own 49% of his house in a few years time, he can pay me a further bonus for holding on to it for him. We don’t need to worry about exact dollar figures now, John. You can trust me to charge “market rates” and not abuse my monopoly position, but of course I won’t sign anything that would bind me to that promise. Oh yeah, and don’t expect me to invest in maintainence. I’ll just wait until the house is on the verge of collapse and then come back to you cap in hand, stating that the house is too big to be allowed to fail, and that you need to pay for the repairs I avoided.

    What’s that John? It’s a stupid idea?

    Why, yes it is John. Yes it is.

Recent Comments

Recent Posts

  • Government fees will hit charities hard
    National’s decision to ignore the concerns of charities will see the voluntary sector face hundreds of thousands of dollars in new costs if the Policing (Cost Recovery) Amendment Bill passes, says Labour's Community and Voluntary Sector spokesperson Poto Williams. “National’s… ...
    4 hours ago
  • Four out of ten for Simon’s Bridges
    The Transport Authority’s decision to fund only four of the 10 bridges promised in National’s shameless Northland by-election bribe is a huge embarrassment for Transport Minister Simon Bridges, Labour’s Transport spokesperson Phil Twyford says. “After one by-election poll showed they… ...
    5 hours ago
  • Falling consents adding to Auckland housing woes
    Falling numbers of building consents being issued in Auckland will add to the city’s housing shortfall and fuel skyrocketing house prices, Labour’s Housing spokesperson Phil Twyford “The Productivity Commission found there was a shortfall of around 32,000 houses by the… ...
    7 hours ago
  • So Mr English, do you have a plan?
    DIpping confidence about jobs, wages and shrinking exports are highlighting the lack of a plan from the government to diversify the economy and build sustainable growth, Grant Robertson  Labour’s Finance Spokesperson said. " Data released over the last week… ...
    9 hours ago
  • Serious risks to tenants and assets in sell-off
    Overseas evidence shows there are serious risks around the Government's plan to sell off state houses to social housing providers, Opposition Leader Andrew Little says. “In the Netherlands – where community housing providers supply the majority of social housing –… ...
    13 hours ago
  • Land of milk and money
    Kiwi families are paying over the top prices for their milk and someone is creaming off big profits, says Labour’s Consumer Affairs spokesperson David Shearer. “In 2011 the Government told us high New Zealand milk prices were a natural result… ...
    2 days ago
  • MoBIE largesse doesn’t stop with TVs and hair-straighteners
    The number of MoBIE staff earning more than $150,000 has risen 23 per cent in just a year, Labour’s Economic Development Spokesperson David Clark says. Documents obtained from the Ministry of Business, Innovation and Employment show there are now nearly… ...
    2 days ago
  • English wants to flog state houses to Aussies
    Bill English’s admission that he would sell hundreds of New Zealand’s state houses to the Australians is the latest lurch in the Government’s stumbling, half-baked housing policy, Labour’s housing spokesperson Phil Twyford says. “Bill English should face reality and admit his… ...
    3 days ago
  • Exports continue to fall as Government fails to diversify
    The Government quickly needs a plan to diversify our economy after new figures show that exports are continuing to fall due to the collapse in dairy exports, Labour's Finance Spokesperson Grant Robertson says. “Dairy exports fell 28 per cent compared… ...
    4 days ago
  • Government inaction leads to blurring of roles
    The Treasury wouldn’t have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labour’s Finance spokesperson Grant Robertson says. “The problems… ...
    4 days ago
  • Courthouse closures hitting regions
    The Government’s decision to shut down up to eight regional courthouses, some supposedly only temporarily for seismic reasons, looks unlikely to be reversed, Labour’s Justice spokesperson Jacinda Ardern says.“The move has hit these regions hard, but appears to be a… ...
    4 days ago
  • A Victory for Te Tiriti o Waitangi
    This week my partner, who has a number of professions, was doing an archaeological assessment for a District Council. He showed me the new rules around archaeologists which require them to demonstrate “sufficient skill and competency in relation to Māori… ...
    GreensBy Catherine Delahunty MP
    4 days ago
  • Tough bar set for Ruataniwha dam
     Today’s final decision by the Tukituki Catchment Board of Inquiry is good news for the river and the environment, says Labour’s Water spokesperson Meka Whaitiri. “Setting a strict level of dissolved nitrogen in the catchment’s waters will ensure that the… ...
    5 days ago
  • Minister for Women and National missing the mark – part two
    The Minister for Women was in front of the select committee yesterday answering questions about her plans for women. Some useful context is that we used to have a Pay and Employment Equity Unit within the then Department of Labour… ...
    GreensBy Jan Logie MP
    5 days ago
  • Lavish penthouse spend confirms culture of extravagance
    At the same time thousands of New Zealanders are being locked out of the property market, the Government is spending up on a lavish New York penthouse for its diplomats, Labour’s Foreign Affairs spokesperson David Shearer says. News that taxpayers… ...
    5 days ago
  • Māori Television exodus cause for concern
    The shock departure of yet another leading journalist from the Native Affairs team raises further concern the Board and Chief Executive are dissatisfied with the team’s editorial content, says Labour’s Māori Development spokesperson Nanaia Mahuta. “Annabelle Lee is an experienced… ...
    5 days ago
  • Million-plus car owners to pay too much ACC
    More than a million car owners will pay higher ACC motor vehicle registration than necessary from July, Labour’s ACC spokesperson Sue Moroney says. “During a select committee hearing this morning it was revealed that car owners would have been charged… ...
    5 days ago
  • Bill will restore democracy to local councils
    A new Labour Member’s Bill will restore democracy to local authorities and stop amalgamations being forced on councils. Napier MP Stuart Nash’s Local Government Act 2002 (Greater Local Democracy) Bill will be debated by Parliament after being pulled from the… ...
    5 days ago
  • Minister for Women again misses the mark – part one
    Yesterday I asked the Minister for Women about the government’s poor performance on it’s own target of appointing women to 45% of state board positions. I challenged why she’d put out a media release celebrating progress this year when the… ...
    GreensBy Jan Logie MP
    5 days ago
  • Banks enter Dragon’s Den in pitch for Government’s mental health experi...
    Overseas banks and their preferred providers were asked to pitch their ideas for bankrolling the Government’s social bonds scheme to a Dragon’s Den-style panel, Labour’s Health spokesperson Annette King says. Dragon’s Den was a reality television series where prospective ‘entrepreneurs’… ...
    6 days ago
  • Global Mode bullying won’t stop people accessing content
    It’s disappointing that strong-arm tactics from powerful media companies have meant Global Mode will not get its day in court. Today a settlement was reached terminating the Global Mode service, developed in New Zealand by ByPass Network Services and used… ...
    GreensBy Gareth Hughes MP
    6 days ago
  • More questions – why was the Former National Party President involved wit...
    Today in Parliament Murray  McCully said the reason Michelle Boag was involved in 2011 in the Saudi farm scandal was in her capacity as a member of the New Zealand Middle East Business Council. The problem with that answer is… ...
    6 days ago
  • Minister must explain Maori TV interference
    Te Ururoa Flavell must explain why he told Maori TV staff all complaints about the CEO must come to him – months before he became the Minister responsible for the broadcaster, Labour’s Broadcasting Spokesperson Clare Curran says. “Sources have told… ...
    6 days ago
  • KiwiSaver takes a hammering after the end of kick-start
    National seems hell bent on destroying New Zealand’s saving culture given today’s news that there has been a drop in new enrolments for KiwiSaver, says Labour’s Finance spokesperson Grant Robertson.  “New enrolments for the ANZ Investments KiwiSaver scheme have plunged… ...
    6 days ago
  • Straight answers needed on CYF role
    The Government needs to explain the role that Child, Youth and Family plays in cases where there is evidence that family violence was flagged as a concern, Labour’s Children’s spokesperson Jacinda Arden says. “The fact that CYF is refusing to… ...
    6 days ago
  • Prime Minister confuses his political interests with NZ’s interest
    The Prime Minister’s statement in Parliament yesterday that a Minister who paid a facilitation payment to unlock a free trade agreement would retain his confidence is an abhorrent development in the Saudi sheep scandal, Opposition leader Andrew Little says.  ...
    6 days ago
  • #raisethequota
    Last Saturday was World Refugee Day. I was privileged to spend most of my day with the amazing refugee communities in Auckland. Their stories have been inspiring and reflect the ‘can-do’ Kiwi spirit, even though they come from all different… ...
    GreensBy Denise Roche MP
    1 week ago
  • Dairy conversions causing more pollution than ever, report shows
    The Parliamentary Commissioner for the Environment (PCE) released two reports on freshwater quality and management last Friday. The water quality report shows that dairy conversions are hurting water quality and says that despite great efforts with fencing and planting, large… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • Employers want urgent action on health and safety
    Moves by National to water down health and safety reforms have been slammed by employers – the very group the Government claims is pushing for change, says Labour’s spokesperson for Labour Relations Iain Lees-Galloway. “The Employers and Manufacturers’ Association has… ...
    1 week ago
  • Labour calls on all parties to end coat-tailing
    Labour MP Iain Lees-Galloway is encouraging all parties to support his Bill to end the coat-tailing provision when it is debated in Parliament this week.  “New Zealanders have sent MPs a clear message. An opinion poll found more than 70… ...
    1 week ago
  • Government social sector reforms
    I’ve written previously about the major shake-up that is happening in the provision of government and community services. Yesterday, the Minister of Social Development spoke publically about what these reforms are likely to look like within MSD. There are major… ...
    GreensBy Jan Logie MP
    1 week ago
  • PM must explain Saudi sheep scandal backflips
    John Key’s explanations of the Saudi sheep scandal continue to be riddled with inconsistencies and irreconcilable backflips, Labour’s Trade Spokesperson David Parker says. “Either he has been misled by his Minister Murray McCully or the Prime Minister is deliberately obfuscating… ...
    1 week ago
  • Independent investigation needed into claims scientists gagged
    Steven Joyce must launch an independent investigation into claims that scientists are being gagged, says Labour’s Science and Innovation spokesperson David Cunliffe. “When 40 percent of scientists say they are being gagged and can’t speak out on issues of public… ...
    1 week ago
  • Swamp kauri mining and exports should stop
    Seeing swamp kauri mining for the first time this week was a shock. Dark peaty soil had been stripped of its plant cover and giant excavators were digging into wet, swampy soil to unearth logs that had been buried for… ...
    GreensBy Eugenie Sage MP
    1 week ago
  • MSD going down wasteful spending track
    The Ministry of Social Development is paying big salaries and forking out hundreds of thousands of dollars on management courses while at the same time looking to hand some services over to a multinational outsourcing company with an appalling track… ...
    1 week ago
  • South Auckland housing meeting highlights stark realities
    The stark realities of life for South Aucklanders in substandard Housing New Zealand and private rental homes were fully exposed at a South Auckland housing meeting today, Labour’s MP for Manukau East Jenny Salesa says. “Local people generously shared their… ...
    1 week ago
  • The Pope, the scientists, and the diplomats: getting there on the climate ...
    The Pope’s Encyclical on the climate: ‘On Care for Our Common Home’, has finally been released. Evoking St Francis before him, the Pope reminds us that “our common home is like a sister with whom we share our life, and… ...
    GreensBy Kennedy Graham MP
    2 weeks ago
  • Green Party supports Gifted Kids Awareness Week 2015
    Providing high quality teaching that caters to the specific needs of every child is an enormous challenge, but there is no investment more rewarding for society. Gifted Awareness Week gives us a chance to think about how diverse the needs… ...
    GreensBy Catherine Delahunty MP
    2 weeks ago
  • Truck sellers still getting away with rip-offs
    The Government has admitted its brand new lending rules are already inadequate, says Labour’s Consumer Affairs Spokesman David Shearer. “Gaping holes in the Responsible Lending Code – which came into effect this month -- mean the vulnerable will not be… ...
    2 weeks ago
  • Government Screws the Lid Down On Raw Milk Access
    The Government’s raw milk policy announced yesterday will make it more difficult for many consumers to access the quality product of their choice, and may even be setting up the raw milk sector to fail. The Government, in its paranoia… ...
    GreensBy Steffan Browning MP
    2 weeks ago
  • Operation Desert Storm
    Blaming Saudi sand storms for the deaths of 70 per cent of Kiwi lambs born on a model farm meant to showcase New Zealand agricultural expertise is another part of the ludicrous attempt to disguise buying the cooperation of a… ...
    2 weeks ago
  • Minister, your expensive slip is showing
    A Minister's comments at a press conference in Dunedin today show just how easily costs can blow out at the Southern DHB, Labour's Acting Health spokesman David Clark says. "Fresh from criticising everyone from members of the Board that his… ...
    2 weeks ago
  • Bridges of Northland on backburner
    Transport Minister Simon Bridges today admitted no progress has been made towards his Northland by-election bribe of 10 new bridges and could only say they would be funded sometime in the next six years, Labour's transport spokesperson Phil Twyford says.… ...
    2 weeks ago
  • MP lets down Cook Island community
    The Cook Island community has been let down by National List MP Alfred Ngaro’s decision not to support a proposal that would have removed a restrictive residency requirement, Labour says. An amendment to the Social Assistance (Portability to Cook Islands,… ...
    2 weeks ago
  • Time for a moratorium on all live sheep exports
    The events of the last two weeks have highlighted how weak our regulations around live exports are, particularly in relation to live sheep exports. We urgently need a moratorium on live sheep exports until they’ve been significantly strengthened. We have… ...
    GreensBy Mojo Mathers MP
    2 weeks ago
  • Weak growth highlights lack of economic plan
    Today’s weak growth figures are less than half of what was forecast in last month’s Budget and signal rough weather ahead, Labour’s Finance spokesman Grant Robertson says. “GDP figures showing the economy grew just 0.2% in the first three months… ...
    2 weeks ago
  • Māori TV editorial interference scandal deepens
    The Maori Development Minister has misled a select committee and appears to have broken the law through editorial interference in Māori Television, Labour’s Broadcasting spokesperson Clare Curran said today. Labour has released emails between Te Ururoa Flavell’s press secretary and… ...
    2 weeks ago
  • Minister must act on energy CEOs salaries
    Energy Minister Simon Bridges must send a message to the Boards of the nation’s power companies that astronomical CEO salaries are not appropriate, Labour’s Energy spokesperson Stuart Nash says.  “The CEOs are earning from $ 2.1 million to $1.3 million… ...
    2 weeks ago
  • Black Caps backs South Dunedin flood recovery
     People dealing with the aftermath of the Dunedin floods will be supported by the boost from Black Caps skipper Brendon McCullum and coach Mike Hesson who have put their weight behind the Dunedin Flood Appeal in a  video released this… ...
    2 weeks ago
  • Continued pressure at heart of sacking
    News that the Government has appointed a Commissioner to replace the Southern District Health Board is hardly a surprise given the mounting pressure it has been under to do more with a lot less, says Labour’s Acting Health spokesperson David… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere