Steven Joyce has been forced into a embarrassing back-down on giving a regulatory holiday to companies who won contracts for the Government’s Ultra Fast Broadband plan.
But, you guessed it, Joyce is going to let the Commerce Commission sort things out. The very Commerce Commission that still hasn’t prosecuted one cartel or monopoly abuse case since National came to power.
Like I have said before “So even if Steven Joyce comes out with, ‘we will let the Commerce Commission oversee things’ beware! the game is already rigged.”
Joyce by all accounts will be stepping into Keys shoes win on lose this election and has shown what a pig headed bully he can be already, yes hats off to him for changing his mind, but once in control do you think he will be this easily swayed.
This was a emperor has no clothes issue really, the pressure became to much in the end for Joyce, he should have done his homework, but as we know National don’t like plans, they just make stuff up as they go.
So more corporate welfare coming up from the Government in the future over this issue I suspect.