web analytics

English: poll downgrade coming

Written By: - Date published: 11:13 am, October 4th, 2011 - 12 comments
Categories: bill english, Economy, election 2011, polls - Tags:

Bill English didn’t foresee the first downgrade of the country’s credit rating since the last time he was a minister but he can see some things coming. Here’s an interesting admission from Double Dipton (or should that be Double Downgrade?):

“That gap is almost certainly going to close. People haven’t been focused on politics recently. In the last month before the election there’s going to be an intense campaign, and when New Zealanders focus on it they always pull a government back a bit. The issues are pretty clear – a more competitive economy and getting back into surplus”

So, English is saying: people aren’t focused on politics, which is why the Nats are so high in the polls. When they focus on the main election issue of economic management, the gap will close. Not exactly a strong defence of his and Key’s performance as economic leaders.

Guess when your economic record is 47,000 fewer jobs, 56,000 more unemployed, $37 more debt, no growth, and a double downgrade, that’s just being realistic. Makes a refreshing change from this government, I suppose.

12 comments on “English: poll downgrade coming”

  1. queenstfarmer 1

    National has been publicly saying for months that the polls will narrow. I’m surprised you’ve only just noticed.

    • The Voice of Reason 1.1

      The quote comes from a story on 3News, Queenie. Apparently, the coming drop in the polls was a surprise to them, too, and they’re only a professional media organisation dedicated to bringing us news, opinion and National governments.

      ps, Zet, I think you’ve underestimated our debt by a factor of several million. If I was English, I ‘d be chuffed with a debt of only $37. Still wouldn’t be acceptable to Michael Cullen though, the last Finance Minister who actually knew how to run an economy and balance a budget.

      • Lanthanide 1.1.1

        Several billion.

        • Draco T Bastard 1.1.1.1

          Well, no, it was only a factor of 1 billion.

          • anne 1.1.1.1.1

            Disasters aside,its the handling of the economy that should be the focus of this national
            govt by voters,but people see a smiley,wavey key and they feel all gooey,he must be chuffed
            and he knows he can get away with anything.
            There is one big revelation that if national win they are going to issue $35 billion dollars
            of govt bonds,costing the nz tax payer $100-$150 million a year,also not widely known
            is that the govt promised IMF $1.3 billion back in april,these are critical policies that
            will destroy our economy as we know it,they are serious and nz has no chance of ever
            repaying that sort of borrowed money,when english and key state they are still on target
            to pay down debt,this is how they are going to do it,the media should reporting on this
            or at least get key and english to face up to their secret plans.
            Selling assets for $6 billion profit,will only pay debt for 6 months,personally i am very worried
            as a citizen of nz should the nats get into power again.Also $1.5 billion govt bonds have already
            been issued through the national bank and westpac and were downgraded by fitch recently,this is not a good sign for nz’s financial stability for the future.

  2. Draco T Bastard 2

    a more competitive economy and getting back into surplus

    So, Blinglish thinks having the economy costing more than it needs to and raping the environment is the way to go…

    Yeah, completely out of touch with reality.

  3. ghostwhowalksnz 3

    Would love to see the look on English’s face, 3 days before the election and the polls say National 45%.
    There would be sheer panic

  4. By the way, this little piece of Treasury* information might be of interest to folks…

    http://www.nzdmo.govt.nz/sovereigncreditratings

    Notice how NZ has been downgraded during Rogernomics? Downgraded when National was in office. And upgraded when Labour was guvmint.

    Well, well, well… can this be impartial evidence that LABOUR makes for a better fiscal manager than the Tories?

    * Treasury – the best friend the Left could have. Their data is like a stake through the heart of the Right. It shows that Emporer Key has no clothes…

  5. Red Rosa 5

    Botched. English complacent, when this open-ended scheme needed close monitoring.

    http://www.interest.co.nz/news/55946/auditor-general-says-treasury-lacked-financial-prudence-administering-crown-retail-deposi

    Even with Hubbard now out of the picture, the SCF saga has a long way to go.

    • Ed 5.1

      SCF has been discussed a number of times, but one Labour candidate appears to have looked behind the spin:

      Key SCF excuses fall flat


      At the time English decided to renew the scheme Treasury had been telling him that they were not complying with scheme requirements. He had the choice of not renewing, renewing only for current deposits, or giving hem an incentive to let those in the know get guaranteed very high interest rates. We may never know who ‘invested’ in SCF in those last “high return’ days . . .
       
       

      • anne 5.1.1

        Also yesterday english and key quickley took over 6 companies of SCF and are putting them under government control as a business until they can sell them,i think they took them from’
        the recievers before they could look into them and get them ready for sale,it was in the paper,you gotta smell a rat here,they are hiding something.

Recent Comments

Recent Posts

  • Tabuteau to advance New Zealand’s trade and political interests with European partners
    Parliamentary Under-Secretary for Foreign Affairs, Fletcher Tabuteau, is travelling to Germany, Poland, Austria, and Spain next week to bolster New Zealand’s political and trade relationships in Europe. While in Spain, Mr Tabuteau will represent New Zealand at the 14th Asia-Europe (ASEM) Foreign Ministers’ Meeting in Madrid. “New Zealand strongly supports ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Statement from the Prime Minister on Kris Faafoi
    “I’ve spoken to Minister Faafoi, who has apologised for his poor handling of this issue,” Jacinda Ardern said. “I have confidence in Kris as a hardworking and effective Minister, but this should have been dealt with in a much clearer manner, and I’ve made my views on that very clear ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Tonga-New Zealand Joint Ministerial Forum
    Deputy Prime Minister Winston Peters met with Tongan Prime Minister and Foreign Minister Pohiva Tu'i'onetoa in Wellington today. The pair signed a Statement of Partnership setting out joint priorities for cooperation out to 2023.  “We welcomed Prime Minister Tu'i'onetoa on his first visit to New Zealand as Prime Minister. Tonga ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Shooting in Kurow
    The Minister of Police Stuart Nash says his sympathies are with the family of a man who died after being shot by Police in Kurow. “Initial reports are that Police were called by a family member to help the man who was threatening to harm himself,” Mr Nash says. “However ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Govt supports Southland farmers in sustainability
    Healthier waterways, better productivity and farmer wellbeing are front and centre in a new project involving more than 1000 Southland farmers and growers. Minister of Agriculture Damien O’Connor today announced that the Thriving Southland Change and Innovation Project is the first region-wide extension programme supported by the $229 million Sustainable ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Flood of support for Top of the South catchment
    Work to look after nature and restore freshwater quality in Te Hoiere/Pelorus River catchment is getting a significant boost, thanks to new Government funding support Minister for Conservation Eugenie Sage announced in Canvastown today. “Every New Zealander should be able to swim in their local river without getting sick, and ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Eight Queen’s Counsel appointed under new criterion
    Eight Queen’s Counsel have been appointed under a process that includes the new criterion of a commitment to improving access to justice, Attorney-General David Parker announced today. “The new criterion was included this year. It emphasises that excellence and leadership in the profession can be seen through a wider, community ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major expansion for Wellington’s Onslow College
    Onslow College in Wellington will get 20 new classrooms for more than 400 students, Education Minister Chris Hipkins announced today. The much-needed investment will relieve growth pressure the school has been experiencing for some time. Seven existing classrooms which have deteriorated over time will also be replaced, bringing the total ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Talented young Kiwis awarded PM’s Scholarships to Asia and Latin America
    More than 250 young New Zealanders will add international experience to their education, thanks to the latest Prime Minister’s Scholarships for Asia (PMSA) and Latin America (PMSLA), Education Minister Chris Hipkins announced today. This round of scholarships supports 252 recent graduates or current students to undertake study, research or internships ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to improve competitiveness and transparency in the retail fuel market
    Consumers will benefit from a more competitive, transparent retail fuel market as a result of changes the Government will be making in response to the findings of the Commerce Commission’s study of the fuel sector. “We accept the Commission’s findings and, as the Prime Minister has said, we’re ready to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • More cancer medicines for more people
    Five new cancer medicines have now been funded this year, meaning thousands of people have more treatment options PHARMAC has today announced that it has approved two new medicines for funding – fulvestrant for breast cancer and olaparib for ovarian cancer. This follows earlier decisions on advanced lung cancer treatment alectinib, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government acts to sort out electoral ‘coin toss’ problem
    The Minister of Local Government, Hon Nanaia Mahuta says the Government will consider making changes to local electoral legislation before the 2022 elections to fix the problems that have arisen where elections are settled by a coin toss.  The Minister says the recount process in the Murupara- Galatea ward at ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ to Join IMO Convention to Reduce Ship Emissions
    New Zealand will sign up to new international maritime regulations to reduce ship emissions and lift air quality around ports and harbours, Associate Transport Minister Julie Anne Genter announced today. Subject to completion of the Parliamentary treaty examination process, New Zealand will sign up to Annex VI of MARPOL, an ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Bill to empower urban development projects
    New legislation to transform our urban areas and create sustainable, inclusive and thriving communities will tomorrow be introduced to Parliament, Urban Development Minister Phil Twyford said. “The Urban Development Bill gives Kāinga Ora-Homes and Communities the tools it needs to partner with councils, communities, mana whenua and private developers to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Early Learning Action Plan to kickstart long term change
    Today’s launch of He taonga te Tamaiti: Every child a taonga: The Early Learning Action Plan 2019-2029 provides the foundation for long-lasting changes to early learning, Education Minister Chris Hipkins says.   “Early learning will be one of the Government’s top education priorities going into 2020,” Chris Hipkins said.   ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Climate change lens on major Government decisions
    Major decisions made by the Government will now be considered under a climate change lens, Minister for Climate Change James Shaw announced today. “Cabinet routinely considers the effects of its decisions on human rights, the Treaty of Waitangi, rural communities, the disability community, and gender – now climate change will ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Tertiary Education Commission Board announced
    Education Minister Chris Hipkins today announced the appointment of Māori education specialist Dr Wayne Ngata and Business NZ head Kirk Hope to the Board of the Tertiary Education Commission (TEC). Dr Alastair MacCormick has been reappointed for another term. “Wayne Ngata, Kirk Hope and Alastair MacCormick bring a great deal ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Next phase of Pike River recovery underway in time for Christmas
    The next phase of the Pike River Re-entry project is underway, Minister Responsible for Pike River Re-entry Andrew Little says. “Fresh air will be pumped into the Pike River Mine drift this week, following acceptance of the plan for re-entry beyond the 170m barrier by New Zealand’s independent health and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Insurance contracts to become easier to understand and fairer for consumers
    New Zealand consumers will have greater certainty about their insurance cover when they need to make claims as a result of proposed government changes. “Insurance is vitally important in supporting consumers and businesses to be financially resilient when unexpected events happen,” Minister of Commerce and Consumer Affairs Kris Faafoi said. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • A new opportunity for Ngāpuhi collective and regional negotiations
    The Crown is providing an opportunity for the hapu of Ngāpuhi to rebuild its framework from the ground up for collective negotiations to deal with its historical Treaty claims, Minister for Treaty of Waitangi Negotiations Andrew Little and Minister for Māori Development Nanaia Mahuta announced today. The Crown is also ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Referendums Framework Bill passes third reading
    A Bill enabling referendums to be held with the 2020 General Election has passed its third reading. Justice Minister Andrew Little says the Act is important for upholding the integrity of New Zealand’s electoral process. “The Government has committed to holding a referendum on legalising recreational cannabis at the next ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Referendums website and initial cannabis Bill launched
    The first release of public information on the two referendums to be held at next year’s General Election was made today with an informative new Government website going live. Additionally, the draft Cannabis Legalisation and Control Bill has been released, showing the strict controls on cannabis that will apply if ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government to ban foreign donations
    The Government is taking action to protect New Zealand from foreign interference in our elections by banning foreign donations to political parties and candidates, Justice Minister Andrew Little announced today. Legislation will be introduced to Parliament this afternoon and passed under urgency. “There’s no need for anyone other than New ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Governments and tech converge to strengthen joint response to online terror events
    Governments and tech companies are holding a two-day workshop, hosted by YouTube/Google in Wellington, to test the Christchurch Call Shared Crisis Response Protocol. The workshop aims to refine and strengthen the response in the event of a terrorist attack with online implications. Companies, governments, civil society experts and NGOs will ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Cancer Control Agency to drive improved care
    The new independent Cancer Control Agency has formally opened today, delivering on the Government’s plan to improve cancer care in New Zealand.         Prime Minister Jacinda Ardern and Minister of Health David Clark marked the occasion by announcing the membership of the Advisory Council that will be supporting ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Supporting small business to prosper
    Small businesses who deal with government departments are set to be paid faster and have improved cash flow as a result, under a new strategy released today. The Government is backing recommendations from the Small Business Council (SBC) and has agreed to implement three initiatives immediately to support business and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Bill has biggest education changes in decades
    The Education and Training Bill 2019, introduced in Parliament today, proposes the biggest education changes in decades and is an important step towards improving success for all our learners, Education Minister Chris Hipkins said. “The Bill’s rewrite of education legislation is long overdue. Indeed one Education Act, parts of which ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bali Democracy Forum to focus on democracy and inclusivity
    Minister for Pacific Peoples Aupito William Sio will travel to Bali to represent New Zealand at the 12th Bali Democracy Forum that will be held on the 5-6 December. “The Forum is a valuable opportunity for Asia-Pacific countries to share experiences and best practice in building home-grown democracy and fostering ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Innovative technology and tools to better manage freedom camping
    A package of new and expanded technology and other tools will encourage responsible camping and help communities and local councils better manage freedom camping this summer, Tourism Minister Kelvin Davis announced today. “Our Government has been investing to improve the freedom camping experience for everyone because we want to support ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Improving wellbeing by understanding our genes
    The government is laying the groundwork to understanding our genes – work that can help us tackle some of our biggest health challenges, like heart disease and diabetes, says Research, Science and Innovation Minister Megan Woods. $4.7 million has been invested in the Genomics Aotearoa Rakeiora programme. The programme will ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government investing to future proof school property
    Nearly every state schools will receive a capital injection next year valued at $693 per student to bring forward urgent school property improvements, Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced today.  The one-off cash injection is the first project to be announced from the Government’s infrastructure package ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Infrastructure investments to be brought forward
    The Government has decided to bring forward major investments in New Zealand’s infrastructure to future proof the economy. “Cabinet has agreed to a significant boost to infrastructure investment. I have directed the Treasury to help bring together a package of projects that can be brought into the Government’s short and ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Future-proofing New Zealand
    It is a great pleasure to be with you today in Whanganui. Like the Prime Minister I grew up with the TV clip of Selwyn Toogood booming “What do you say Whanganui, the money or the bag?” to an unsuspecting ‘It’s in the Bag’ audience. For those under the age ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Zealand’s newest Great Walk, the Paparoa track opened – an asset for the West Coast
    New Zealand’s newest Great Walk, the Paparoa Track, was officially opened in Blackball today by the Minister of Conservation Eugenie Sage alongside the family members of the Pike 29 and Ngāti Waewae.  Local mayors and MP for the West Coast Hon Damien O’Connor were also in attendance. “Paparoa National Park ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • P-8A Poseidon base works commence
    Minister of Defence Ron Mark turned the first sod of earth on the infrastructure works for the new P-8A Poseidon fleet at RNZAF Base Ohakea today. “The Coalition Government’s investment in Ohakea will ensure the Royal New Zealand Air Force can manage, maintain and task the new fleet efficiently ahead ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Launch of the National Emergency Management Agency
    Civil Defence Minister Hon Peeni Henare today announced the establishment of the new National Emergency Management Agency from 1 December 2019.  The National Emergency Management Agency will replace the Ministry of Civil Defence & Emergency Management. It will be an autonomous departmental agency, hosted by the Department of the Prime ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NASA 2020 Internship applications open
    New Zealand tertiary students with top grades and a passion for space will once again be offered the opportunity to work with the world’s best and brightest at NASA, Economic Development Minister Phil Twyford announced today. Recipients of the New Zealand Space Scholarship are nominated by the Ministry of Business, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand to send more medical staff and essential supplies to Samoa
    Foreign Minister Winston Peters has announced further support to Samoa in the wake of an ongoing measles outbreak in the country. Additional medical supplies and personnel, including a third rotation of New Zealand’s emergency medical assistance team (NZMAT), further nurse vaccinators, intensive care (ICU) specialists and Samoan-speaking medical professionals, will ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cost less of a factor for Kiwis seeking GP care
    Health Minister Dr David Clark says new data showing a sharp drop in the number of people who can’t afford to visit their GP is a sign of real progress. One year after the Government made it cheaper for about 600,000 Kiwis to visit their doctor, results of the New ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Trade for All Board releases recommendations
    The Trade for All Advisory Board has released its recommendations for making New Zealand’s trade policy deliver for all New Zealanders.  The report was today welcomed by Trade and Export Growth Minister David Parker.  “Trade is crucial to this country’s economy and well-being, and the benefits need to flow to all ...
    BeehiveBy beehive.govt.nz
    1 week ago