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The fiscal hole

Written By: - Date published: 9:02 am, January 31st, 2013 - 47 comments
Categories: david parker, economy, national, tax - Tags: ,

Quietly in the background, David Parker is doing good work. In August last year he produced “National’s Economic Road Test”, an accessible 30 page summary of the mess that the Nats are making of the economy. He’s now released an updated version which can be found here.

One of the topics in the updated document is National’s “fiscal hole” – also the subject of a press release yesterday:

Revenue Projections Drop By Almost $1b A Month

The Government’s tax forecasts for 2012 – 2016 have dropped by almost $1 billion a month since the election, highlighting its failure to boost growth and create jobs, says Labour’s Finance spokesperson David Parker.

“Since the election the Government’s tax forecasts have dropped by $1 billion a month. That’s no surprise when you’ve got 7.3 per cent unemployment. There are 175,000 people who can’t pay taxes because they’re looking for jobs, in addition to the 180,000 who have left for Australia under National’s watch.

“The worst growth rate for any Government in 50 years means businesses aren’t making enough profits to pay much tax. …

“With 175,000 people looking for work and no extra jobs created last year it has clearly failed in its promise to created 170,000 new jobs. The 180,000 Kiwis who have left for Australia in the last four years are a mockery of John Key’s promise that we wouldn’t have to wave goodbye to our young ones.

“National’s economy faces serious problems. Unemployment is at 13-year highs, growth is stagnating and we have a $10 billion external deficit, which is worse than every developed country bar Greece.

“Kiwis want real and innovative solutions to the serious problems facing this country. It’s time for a hands-on government, one that is committed to jobs and growth,” says David Parker.

A $1 Billion hole in projected tax income, and the stalled economy which underlies the problem, are not going to be fixed by John Key acting like an angry chimp in parliament, flinging insults out of his cage. We need a credible, sustainable, equitable and achievable plan for the economy. It should now be apparent to everyone and anyone that we’re not going to get it from National.

national's-fiscal-hole

47 comments on “The fiscal hole”

  1. David H 1

    You know what would be best for NZ would be to have Parker and Cunliffe working together. But that’ll never happen.

    The ABC faction are determined that Cunliffe is bad for Labour (Them) so he is to be ostracised and sent to the back of the class by the angry teacher. Shearer NEEDS to put Cunliffe in as Deputy Leader and kick the ABC crowd to the kerb. Let them stew on the back benches.

    • Anne 1.1

      You know what would be best for NZ would be to have Parker and Cunliffe working together.

      They did work together once then we lost the election and personal ambitions got in the way. That’s history now, so there’s no reason why they couldn’t work together as a team again.

    • mike 1.2

      Oh for christ’s sake David H get off your bloody hobby horse – it’s predictable, boring and adds precisely nothing to the discussion. Negativity like yours is the ultimate turn off.

      • David H 1.2.1

        Really me negative??? have you seen the polls today ??? They are negative enough. So get it right, and DON’T blame me for Labours obvious failings.

  2. Andre 2

    Greens released this today. http://t.co/QEFq0Ggt Previously unseen Reserve bank internal paper from May 2012: loan to valuation ratios limit house inflation

    • CV - Real Labour 2.1

      Steve Keen has been pushing for rental income to loan ratio limits as the way to cap mortgage growth driven house price bubbles.

      Let’s say a house is expected to fetch $20,000 pa if it was rented out. A rental income to loan ratio limit of 20 would limit the maximum value of any mortgage on that house to $400,000.

      A person’s income becomes irrelevant in determining the maximum value of the mortgage, unless it is too low to service the maximum sum listed above.

      • Lanthanide 2.1.1

        The rental cap is an interesting idea, but hard to administer (who says this house is worth $21k PA or $23k PA?). Simply requiring a 20% deposit is much easier to manage, although it doesn’t cap house prices directly it still prevents people from up-bidding and getting themselves trapped into a mortgage they can’t really afford (or go tits up when the shit hits the fan).

        • CV - Real Labour 2.1.1.1

          The rental cap is an interesting idea, but hard to administer (who says this house is worth $21k PA or $23k PA?)

          I wonder if you could extend or enhance the current ratings valuation system to cover it.

          • Poission 2.1.1.1.1

            Ring fence the investment properties,once the interest bearing security (mortgage has been realized) you cannot offset for further purchases.

        • Draco T Bastard 2.1.1.2

          (who says this house is worth $21k PA or $23k PA?)

          That would be the market.

          • Lanthanide 2.1.1.2.1

            Yes, but we’re talking about applying for a mortgage on a house you want to buy here. If the house is currently owner-occupied, there is no “true” market estimate of what it is worth as a rental.

            Furthermore, if the property is currently tenanted, that’s also not an indication that you couldn’t find someone who was willing to pay more for it than the current tenants were.

            The other aspect is that some houses would simply not be attractive as a rental for whatever reason, but perfectly acceptable for an owner-occupied house. People wishing to buy such a house would be penalized by an arbitrary price.

            • Draco T Bastard 2.1.1.2.1.1

              Yes, but we’re talking about applying for a mortgage on a house you want to buy here. If the house is currently owner-occupied, there is no “true” market estimate of what it is worth as a rental.

              There would be rental properties around the area that the rental would be based upon. That’s what the market price is – the average of all the prices.

              Furthermore, if the property is currently tenanted, that’s also not an indication that you couldn’t find someone who was willing to pay more for it than the current tenants were.

              And thus the market price would go up.

              The other aspect is that some houses would simply not be attractive as a rental for whatever reason, but perfectly acceptable for an owner-occupied house. People wishing to buy such a house would be penalized by an arbitrary price.

              Thus the market price to buy the house would be low.

              Really, all you’ve done is come up with reasons as to why the market doesn’t work – and failed to realise it.

              • Lanthanide

                “There would be rental properties around the area that the rental would be based upon. That’s what the market price is – the average of all the prices.”

                “And thus the market price would go up.”

                You’re not making sense here. First you’re saying you base your price on nearby houses, but then if I find a specific individual who is willing to pay more than the market price, the market price has gone up? Where does this process end? How do we find a genuine price someone is willing to pay to rent house X to as to apply this funding ratio?

                “Thus the market price to buy the house would be low.

                Really, all you’ve done is come up with reasons as to why the market doesn’t work – and failed to realise it.”

                No, I’ve come up with reasons why using the rental market price to assess the price of an owner-occupied house doesn’t work. It’s a fundamentally different market and prices aren’t completely transferable.

                • Andre

                  UAE has put a 50% deposit cap on housing and did it without notice..NZ as said 20% seems good

                • Draco T Bastard

                  The market price is the collective price not the individual price.

                  • Lanthanide

                    So now we have to decide if the house in question is at the median, or whether it’s in the 1st or 4th quartile, or the 90th percentile, just so we can work out how much you’re “allowed” to pay for it.

                    For people with sufficient deposit on hand to be able to reduce their deposit and increase the proportion borrowed, they could always ‘gift’ or otherwise transfer their hard cash to the vendor outside of the sales process and thereby avoid the whole limitation in the first place.

                    Seems mightily unworkable, compared to a simple LVR ratio.

  3. muzza 3

    Is this the same David Parker removed from his post ,for filing false tax returns…

    Fantastic!

    [lprent: No. He stood down (was not removed) when questions were raised about the some tax returns by the opposition at the time and was subsequently cleared of any wrong-doing.

    I suggest that you at least look at what the actual information before commenting with a complete pile of bollocks. In fact, take a two weeks off to give you time to do so. I'm uninterested in this site getting sued for defamation because you are too lazy to look up wikipedia. ]

    • r0b 3.1

      No, it is the same David Parker who stood himself down when questions were raised, and was shown to be completely in the clear. There were no false tax returns.

      • muzza 3.1.1

        Then why did he *stand down* R0b?

        • r0b 3.1.1.1

          The usual reason that ethical people stand down while allegations are being investigated I guess – to protect those that they work with. “Ethical” – link here if you need to look it up.

        • Lanthanide 3.1.1.2

          It’s a good tactic if you think about it, muzza.

          Someone accuses you of doing something you absolutely know you did not commit and there is no evidence that you did. Stand down, because you know it’ll all be cleared up soon anyway. It’s a win-win, because you end up looking principled and also have the proof you did nothing wrong.

          Only idiots like yourself would read something bad into it.

        • Te Reo Putake 3.1.1.3

          Because he has ethics. Look the word up, muz, but, caution, you might find the concept challenging.

          • McFlock 3.1.1.3.1

            I dunno.
            Farbeit for me to defend the vacuously gullible, but the way this government is going, how many people are used to politicians who have the integrity to avoid even the appearance of corruption?

            Fuck, 29 people die and the minister resigns a single portfolio (doesn’t even take a pay cut), and appears genuinely perplexed as to why journalists are asking if she should resign for realsies. Is it any wonder our local tinfoil hat crowd would assume serious criminal wrongdoing if a politicians voluntarily stands down?

            • One Tāne Huna 3.1.1.3.1.1

              Project Onan may not survive this: the team leader’s credibility is now seriously in question.

    • tc 3.2

      compare his behaviour to Blinglish, Banks etc when their integrity/ethics are called into question over serious breaches of rules.

    • muzza 3.3

      LP, you have to be joking don’t you!

      I read the wiki write up, which is about a weak as you seeing it to be credible (wiki)

      My questions were reasonable, there was contention around Parkers standing down, to which Parker never sued anyone, nor received an apology, or retraction, so your concern of defamation, is egotistical nonsense!

      Perhaps you can critique Ian Wisharts reporting around this matter!

    • infused 3.4

      How can the site be sued for defamation when it’s hosted overseas and the site is not a single entity as you love to keep telling us?

  4. tc 4

    This hole was there in Blinglish’s pre election budget and followed up with negligent and wreckless comments like ‘best guess’ on asset sales etc.

    ‘Quietly in the background’ is nice and helps somewhat but it doesn’t win votes……I’d like an opposing party that gets in the govts face over their campaigned lies and wilful mismanagement.

    This should’ve been sloganised pre the 2011 election and carried forward, they don’t like it being taken to them.

  5. bad12 5

    Ah yes, the Fiscal Hole, started by Bill the Minister of Finance thinking that He could cut taxes for the top tiers of income while giving nothing to the lowest except what He seen as ‘compensation for the raise in the rate of GST at the same time,

    In effect the raise in GST became for those on the lower incomes and the economy an ongoing act of regressive economics, as prices went up those on lower incomes having to spend more on less while being taxed more through the raise in GST simply bought less and thus the economy spiralled downward,

    More unemployment occurred in the economy as those with the least bought less as the rise in the price of anything also took from them more taxation via GST, the National Government then exacerbated the problem via stealth taxation such as the ongoing raising of taxation on tobacco products, this simply lead to even less economic activity in the local economy and so downward the spiral went,

    i have this picture of the beast that is capitalism eating itself starting at a point of the anus, having gained a taste of shit and liking it this beast of capitalism has engaged in a frenzied orgy of eating the host and now cannot stop until it has in fact consumed the unsavory brains of the beast itself,

    Turning the triangle that is taxation up the right way would instantly fix this situation where the triangle of gain should sit among the lowest paid income group as opposed to where it now sits among those with the largest incomes…

  6. bad12 6

    National tho have a plan, yes a plan, to address this fiscal hole, you wont find this plan on National dot com or anywhere else but a plan the National government do have,

    It’s called moving 40,000 people off welfare is this grand plan of the FAILURE of a National Government,

    More thought went into the selling of this National Government plan to the ‘electorate’ than was actually used to (a), realize that the Billion Dollar baby they bred themselves, the fiscal hole, was not as if by magic going to be closed by the spending of those who had been further enriched by the tax ‘switch’ in the higher echelons of earnings, and (b),more thought went into this ‘plan’ by the National Government than went into Ruth Richardson and Jenni Shitly’s 1991 benefit cuts although the intent of both the benefit cuts of 1991 and the new National government ‘plan’ have exactly the same intent,

    The sum total of the National government plan is to shove 40,000 individuals off of the benefit system and while as a selling point some thought has been given to such things as the provision of ‘more’ money for training as such niceness is from a basis where such funding for training was previously slashed the nett effect of such monies even if private business take up the offer is too little too late, mere selling points to keep the middle class un-worried aside, the plan is for the 40,000 individuals to no longer receive income from the state and what becomes of those individuals is of little or no concern to the National Government,

    Both the 1991 benefit cuts and the current National Government plan to remove 40,000 individuals from the benefit system actually look good on a piece of paper when placed alongside that of the fiscal hole,

    BUT,

    Removing 40,000 benefit payments equating to the spending of a billion dollars a year into the economy by those 40,000 beneficiaries is simply the beast of capitalism having gained an insatiable appetite to eat it’s own shit devouring it’self in an effort to find more of the same to consume, and will simply lead to the fiscal hole theoretically being closed by the kicking from the role of 40,000 beneficiaries remaining the same as the local economy contracts further…

  7. tracey 7

    And the borrowing, oh the borrowing

  8. AmaKiwi 8

    Has someone done the numbers on the effect of removing the housing allowance for low income families?

    In my opinion, the housing allowance is National’s “landlord benefit program.” It allows landlords to charge higher rents because WINZ gives money to beneficiaries to pass on to their landlords. If it was eliminated, rental prices would drop.

    In my opinion, the housing allowance is one more National Party tax transfer to the middle income and wealthy real estate speculators, cleverly disguised as supposedly advantageous to the poor.

    Questions:

    1. How much is the annual cost of this program to the taxpayers?
    2. (more difficult to answer) How much would rental prices drop if it were terminated?
    3. How much would housing prices drop if it were eliminated?

    • bad12 8.1

      Without having the number of new HousingNZ tenancies to put those who could no longer pay the ‘market rents’ into canning the Accommodation Supplement would seriously hurt a hell of a lot of people,

      I have no objection to any Government simply setting maximum levels of rent in the private sector based upon the tenants income but we have to remember that Governments have to be re-elected,

      We need at least 100,000 State rentals befor the issue of the 1.2 billion dollars in Accommodation Supplement can even begin to be addressed and i would suggest that the number of State houses i quote would have to grow far above 100,000 befor the Accommodation Supplement which is really a direct subsidy to the banking industry who’s mortgages it is helping pay for could be canned…

      • AmaKiwi 8.1.1

        The Accommodation Supplement feeds a lot of pigs at the trough.

        Landlords get higher rental income.
        As property values go up, banks make more on larger mortgage loans, councils get more in rates on inflated property values, realtors churn more properties. The government gets more GST.

        The biggest losers are the low income people who do not qualify for the supplement but have to pay higher rents because of it. They and the taxpayers are really getting screwed.

        With so many snouts in the trough, this is a program that will be very hard to kill. But looking at who profits and who pays, it should be killed.

        • bad12 8.1.1.1

          I don’t disagree with you but as i explained above there would need to be the serious provision of one hell of a lot of HousingNZ rental properties befor that could happen unless you like the thought of a whole lot of people,kids included, living under bits of plastic in a drainage pipe or under a motorway bridge…

  9. Saarbo 9

    The tanking of the economy by National was absolutely predictable as soon as National announced that they were increasing GST by 2.5% in Oct 2010 and decreasing the top tax rate. Combine that with their obsession with reducing the size of the Public Sector, why they would think that would be a good idea while we are dealing with the biggest economic decline since the Depression I will never work out.

    I wonder if it has something to do with the fact that Bill English is from a Farming family. When farmers hit hard times they just tighten up. They dont think about the revenue side of their business because that is beyond their control, that is sorted by an export body, they are dealing with commodities, the revenue value per unit of their product is determined externally. Generally if a farmer can produce the maximum quantity of their product for as little as possible they will succeed. This is the mentality of Bill English. Just button down and all will be fine. But the problem is that National are tanking the economy, he has oversimplified things and unfortunately our economy is the victim. I have mentioned a number of times the fact that Labour has an average GDP annual growth nearly a full 1% above Nationals. The reason for this obvious, Labour run more balanced policies…now they just need to sort out their internal personnel issues (Leadership!!!) and their atrocious advice they seem to be receiving, and their terrible social media strategy and they might start getting somewhere.

    • Zaphod Beeblebrox 9.1

      Not sure that having a few less public servants makes that much difference to the GDP, though the cuts probably don’t contribute much to public service effectiveness and policy development.

      The bigger concern are the cuts to welfare payments. NZ welfare is strongly means tested for a reason. Wages are so low that a hi percentage of the population require govt top ups in order to maintain their health, the education of heir children, to be able get about to access government services and for employment. Take those payments away and a lot of those people become huge burdens to he health, the justice, the education and the social welfare systems. It costs hundred of thousands of dollars to keep hospitalising homeless people when they get sick and how much does it cost the prison and justice systems when somebody turns to drugs out of desperation?

      Cutting welfare ultimately costs the taxpayer millions. Definitely the wrong way to go from an economic viewpoint

      • bad12 9.1.1

        Ever heard of the multiplier effect, its a common enough equation and economics 101 for anyone that’s studied such a dark art,

        The multiplier effect says i should take issue with you over there being no sad loss over the National Government canning the jobs of a few civil servants,

        A few civil servants??? do you actually know how many civil servants this present bunch of Slipppery lead little Shysters have sacked, do you actually care???,

        It aint a few, its a few 1000′s, given that the multiplier effect shows that in an economy when you remove an employment position then in the wider economy you have really removed the equivalent of another employment position,(not necessarily by one person but by hours worked),

        This multiplier effect when you remove as this Government has blocks of employment positions by the 1000′s effectively ratchets up to somewhere in the realms of 1 1/2 to 2 employment positions in the wider community that become unsustainable because of the loss of income being spent into that economy,

        To simplify this for you, sack 10 workers from a government office block and the nearest food shop cuts the hours of the part-timer, do that by the 1000 and the part-timer goes down the road along with one of the full time staff,

        As that occurs the ripple effect out into the wider economy continues, the lawn-mowing contractor loses a bit of biz so sacks the part-timer He had on the payroll,

        In effect, the beast of capitalism having had a taste of its own excrement carries on eating into the body of the host…

        • Zaphod Beeblebrox 9.1.1.1

          As you can tell, I’m no economist but surely any money saved in one area of spending gets spent somewhere else. My beef is when money is cut in from are that are of great benefit to the public ie keeping thousands of families healthy dry and safe and splurged on stuff hat has no benefit ie roads of no significance.

          • bad12 9.1.1.1.1

            Not a bad conjecture from someone claiming no knowledge of economics, the best that can be said of the money saved being re-distributed elsewhere in the economy is yes as far as the civil service cuts go it appears that the spending on ‘consultants’ went up quite dramatically as the civil service was cut by those many 1000′s,

            This tho simply serves to alter the flow of monies spent into the economy, by paying the equivalent to a consultant of 3,4 or 5 civil servants salaries to 1 consultant we can safely assume that the consultant isn’t going to visit the food shop nearest to the consultancy 3,4,or 5 times more often than the combined number of civil servants would have and it would be ridiculous for me or anyone else to suggest that the consultant will have the lawn mowing contractor round mowing the lawns 3,4, or 5 times more often than the 3,4 or 5 civil servants would have been had they kept their employment,

            There are variables within this whole economic equation such as the civil servant being reasonably skilled getting a job elsewhere but as there are only X amount of jobs in an economy this would simply limit a school leaver or a jobless person from gaining that employment,nonetheless the basic equation remains the same,

            Cutting benefits or tossing people off of benefits without them taking up employment as the current figures seems to indicate is occurring does exactly the same thing, looked at from a purely economic perspective removing such amounts of money from a local economy simply leads to more of the same–unemployment and a further shrinkage of the economy,

            The beast of capitalism as espoused by the present National Government it would seem has an insatiable appetite to eat it’s own flesh…

          • Draco T Bastard 9.1.1.1.2

            As you can tell, I’m no economist but surely any money saved in one area of spending gets spent somewhere else.

            Not when it’s government spending being cut and the private profits are still going up. Under those conditions, which National has brought about with it’s policies of reducing wages while cutting taxes for the rich, then what we will and do see is massive increases to the top incomes and decreases everywhere else.

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    As I may have noted once or twice, Janine and the Mixtape's Dark Mind EP is one of last year's overlooked local gems. Or perhaps not-so-overlooked now, given that her new video for 'Hold Me' was premiered this week on...
    Public Address | 23-04
  • Focus on housing costs, raise wages not interest rates
    "The increase in the Reserve Bank's interest rate, while expected, shows little imagination and will raise mortgage costs for home owners," says CTU economist Bill Rosenberg. “The focus should be on getting housing costs down, and raising wages to make...
    CTU | 23-04
  • One year on: progress made to prevent another Rana Plaza tragedy
    Date of Release: Thursday, April 24, 2014Body:  An official from one of the two global union bodies that negotiated the Bangladesh Accord on Fire and Building Safety, currently visiting New Zealand, says that the Accord continues to make big steps forward to ensure...
    First Union Media | 23-04
  • Update from Dr.Gevil
    We wanted to share with you a little fun....
    Gareth’s World | 23-04
  • Matauri Bay: There are certain stories that get under your skin
    There are certain stories that get under your skin, stories that no matter how many times you hear them somehow strike you in a way that you never forget, stories that become a very part of you. The story of...
    Greenpeace NZ blog | 23-04
  • Anit-fluoridation advertising deceptive
     Looks like the scientific fight-back against the misinformation coming from anti-fluoridation groups is having some success. This press release from the on-line Making Sense of Fluoride group. Anti Fluoridation Advertisements Rejected by The Advertising Complaints Authority Over the past week,...
    Open Parachute | 23-04
  • The Art of Letting Go
    via Porcupine Farm   While the big news with regard to the rebuild has been the scaling back of the Arts Precinct, this is just one part of a wider narrative that sees the grand plan unravelling. Since I wrote...
    Rebuilding Christchurch | 23-04
  • Joyce tells Otago to ship in more students
    Tertiary Update Vol 17 No 11 Tertiary education minister Steven Joyce is using threatened changes to university councils to bully the University of Otago to take more international students, says TEU national secretary Sharn...
    TEU | 23-04
  • New money for Māori innovation won’t cover cuts to Māori research
    Ngā Pae o te Māramatanga, New Zealand’s Māori centre of research excellence is welcoming the  government’s decision to invest up to $2.5 million a year over the next two years in Māori-led science and...
    TEU | 23-04
  • UCOL staff given holiday but not pay rise
    UCOL staff got two extra days’ holiday they did not bargain for this week between Easter and Anzac Day, but what they really want is a pay rise. The polytechnic’s chief executive Paul McIlroy said...
    TEU | 23-04
  • Workers Memorial Day 2014
    Please be advised that there are three events planned to commemorate Workers Memorial Day (28 April) in Wellington. The media are invited to attend all three events.What When Photo:  ...
    CTU | 23-04
  • Shane Jones speaks out
    On 3news last night, Shane Jones gave a staged interview where he got some things off his chest. Not exactly a graceful exit, but there you go. Two of the things he said were especially interesting to me. Shane said:...
    Polity | 23-04
  • No Economic Rationale for $760m Warkworth Toll Road
    This is the fifth in a series of posts based on the Campaign for Better Transport’s submission to the Puhoi to Warkworth Board of Inquiry. The full presentation is over at bettertransport.org.nz In this post we look at the economic...
    Transport Blog | 23-04
  • iPredict Ltd 2014 Election Update #15
    Column – iPredict iPredicts 7000 registered traders continue to believe Winston Peters NZ First party will hold the balance of power after the election and allow National to govern. There has been a small gain to Act and the Conservatives...
    Its our future | 23-04
  • Photo of the day – Vulcan Lane
    Vulcan Lane alive with people Photo is credited to oh.yes.melbourne...
    Transport Blog | 23-04
  • Have your say on what Internet rights should look like
    Today I launched my Internet Rights and Freedoms Bill – NZ’s first ever bill crowdsourced by a political party. The launch happened live on Reddit, and I was joined in my office Joy Liddicoat (former Human Rights Commissioner and present...
    frogblog | 23-04
  • Michael Porter on Social Progress
    via CNN, Fareed Zakaria has a fascinating interview with Harvard's Michael Porter, architect of the Social Progress Index that was launched to great fanfare a little while back. New Zealand won the top rank in that index, and Porter's main...
    Polity | 23-04
  • Time running out to save uni councils
    There’s only a week left to have your say on the Government’s changes to university and wānanga councils. Tertiary Education Minister Steven Joyce has put forward dramatic changes to the way uni and wānanga councils are made up – removing...
    frogblog | 23-04
  • Another reason why we need an enforceable BORA
    Back in 2003, the then-Labour government, faced with the "threat" of an unpopular child-sex offender being released from prison at the end of their sentance, enacted the Parole (Extended Supervision) and Sentencing Amendment Act, allowing them to be detained for...
    No Right Turn | 23-04
  • Govt response to alcohol report simplistic
    The Government's response to a Ministry of Justice report on minimum alcohol pricing is simplistic and turns its back on those who are most susceptible to alcohol marketing promoting greater consumption, Labour's Justice spokesperson Andrew Little says. "The Ministry's report...
    Labour | 25-04
  • Govt fails Southern Cross Forest workers
    The Government's failure to deal with problems in the wood processing industry has resulted in more needless job losses, Green Party forestry spokesperson Steffan Browning said today.Southern Cross Forest Products announcement of another sawmill closure brings the tally of closures...
    Greens | 24-04
  • Humiliation for Government in Chinese dictat
    New Zealand’s food safety systems should be respected by our trading partners, but instead the Government has been humiliated with the Chinese dictating the terms of our infant formula production, Labour’s Primary Industries spokesperson Damien O’Connor says.   “The Government...
    Labour | 24-04
  • Honouring our Pacific soldiers
    Labour’s Pacific Affairs spokesperson and MP for Mangere, Su’a William Sio, will pay a special tribute to the many Pacific Islanders who fought in the New Zealand Armed Forces during the First World War in a speech he is giving...
    Labour | 24-04
  • Government inaction on power and housing to blame for latest rate rise
    Green Party Co-leader Metiria Turei says today's interest rate rise, that will hit home owners and businesses, is a consequence of the government's failure to get a grip on electricity prices and the property market, particularly in Auckland."The Green Party...
    Greens | 23-04
  • Rate rise not needed if Government was doing its job
    Today’s interest rate rise wouldn’t have been necessary if the Government had been doing its job properly and targeting the sources of inflation, Labour says. “New Zealand interest rates are among the highest in the world, putting more and more...
    Labour | 23-04
  • Real independence needed in food safety
    The Green Party are calling for a truly independent body to regulate our food safety.Food safety Minister Nikki Kaye has announced the establishment of a Food Safety and Assurance Advisory Council as part of the Government's response to last year's...
    Greens | 23-04
  • Another report won’t help the East Coast
    The Government has a critical role to play in regional development on the East Coast says Gisborne-based Labour MP Moana Mackey “The release of the East Coast Regional Economic Potential Study highlights a number of areas of strength and weakness...
    Labour | 23-04
  • Another interest rate hike will punish mortgage holders
    Green Party Co-leader Metiria Turei says another interest rate hike on Thursday will cost home owners an extra $25 a month on a $250,000 mortgage, on top of the $25 dollars a month from the previous rates rise, and she...
    Greens | 23-04
  • Green Party launches Internet Rights and Freedoms Bill
    The Green Party has today launched the Internet Rights and Freedoms Bill, New Zealand's first ever Bill crowdsourced by a political party.Members of the public will be invited to shape the proposed law, which will protect ten basic rights and...
    Greens | 23-04
  • Sanil Kumar has to leave New Zealand tomorrow
    The Associate Minister of Immigration Nikki Kaye’s decision not to intervene means kidney transplant patient Sanil Kumar must leave New Zealand by tomorrow, says Labour’s Immigration spokesperson Rajen Prasad. “Kumar, a plumber and sheet metal worker, was on a work visa...
    Labour | 22-04
  • Time to do the right thing for our veterans
    A Labour government will adopt the Law Commission’s recommendation to ensure all war veterans are eligible for a Veteran’s Pension, Labour Leader David Cunliffe says. “Veterans are only eligible for the pension if they are considered ‘significantly’ disabled, or more...
    Labour | 22-04
  • Public servant is owed an apology
    Nigel Fyfe is owed an apology from the State Services Commissioner Iain Rennie and Foreign Affairs Minister Murray McCully, says Labour's State Services spokesperson, Maryan Street. “The former MFAT official has now been restored to a position in the Ministry...
    Labour | 22-04
  • Laws for enforcing not trading off
    The idea that a Government department can give