The latest Newsroom story [subscription only] about the Government’s move to protect Auckland International Airport from sale to the Canadian Pension Fund reports Labour is taking National to task on the issue of their support.
Prime Minister Helen Clark is challenging National to state its position on strategic assets sales after the Government stepped in to effectively place Auckland International Airport beyond the reach of foreign control.
Interestingly John Key’s first response is to speak out on behalf of his former master – the market.
The Government should have made its intentions clear much sooner and the move did not inspire much confidence in the capital markets
A little bird told me that in a recent meeting with business leaders National’s deputy leader Bill English was challenged on what made National different to Labour. His answer was simple:
Industrial relations and privatisation.
I’d say Labour has just made it a little harder for them to move on the second part of that agenda. Poor old capital markets.
Update: National has responded by calling the decision “political opportunism” and then trying really hard to sit on the fence. It seems John Key is willing to tell us whatever we want to hear. Well, most of the time. Just don’t ask him to speak against the market.