Key says ‘damn the torpedoes’ on asset sales

Written By: - Date published: 7:30 am, October 30th, 2013 - 44 comments
Categories: privatisation, referendum - Tags:

The asset sales have been an unmitigated failure. They’ve raised less money than expected, they’ve cost more than twice as much as National said they would, no ‘mums and dads’ have shown up to buy the shares, and the public is waiting for its referendum. Now, it turns out that Treasury warned Key not to flood the market but Key plans to keep on flooding it.

It’s pretty much common sense from the Treasury (which is something of a revelation in itself). They told National: ‘look, if you’re going to sell 3 big electricity companies into a sharemarket that is already heavy on electricity companies, for God’s sake don’t do them all at once, the market can only swallow so much at a time; rush it, and you’ll get less Kiwi ownership and less money for the Crown’. Specifically, Treasury said don’t sell more than $1.5 billion every 12 months and spread it over 3 to 5 years.

Well, Key and co went ahead and sold two companies that were meant to be worth nearly $5 billion in just six months. The result: $1.3 billion less than thought and a fraction of the expected ‘mum and dad’ investors.

Of course, Key’s made a Prime Ministership out of ignoring all common sense and repeatedly failing in the pursuit of ideology, so he’s ignoring the lessons of Mighty River and Meridian, and threatening to sell Air NZ and Genesis in the next six months.

As Kiwi citizens, and the owners of these companies, we’ve got to send a strong message to Key and National in the referendum. A strong ‘no’ vote will tell them that, if the asset sales continue, National will get slaughtered in the election. That won’t matter to Key, he knows he’s odds on to lose and he’ll be on the next flight to Hawaii when it happens so he doesn’t care how big he loses, but it could force more level heads in National to rope him in.

44 comments on “Key says ‘damn the torpedoes’ on asset sales”

  1. Old Irascible 1

    Meanwhile, Hungary’s right wing Government says “We’ll take back the state assets for the public good.”
    http://theirasciblecurmudgeon.blogspot.co.nz/2013/10/on-wisdom-of-selling-state-assets-right.html

  2. tricledrown 2

    Key will sell the other half of the power companies.

  3. Tracey 3

    He still has 12 months…

  4. vto 4

    I laughed yesterday when I heard the boss at Meridian state that the company’s governance will improve to best practice because it is now a listed public company….

    …. is it worth pointing out Chase Corp? Dominion Finance? Equiticorp? Feltex? Pike River? Where does this list end?

    …. what is it about these so-called “captains of industry” that they flick their blinkers to shut so often and on matters of such consequence?

    …. wait for Meridian to get into trouble…. and need taxpayer support ….. ffs …. idiots

    • Copperhead 4.1

      You missed the elephant in the room, Enron. Public ownership did that one very well…

      • Tat Loo (CV) 4.1.1

        Its the same old meme that private is somehow better than public. For the privateers and corporate monopolists that is of course the case. Just check out the rape and pillaging caused by the listed UK energy companies.

    • miravox 4.2

      “… the company’s governance will improve to best practice because it is now a listed public company….”

      You heard the one about the train company operating the east coast line in the UK that was privatised and couldn’t provide a profitable service?

      It went bankrupt, was re-nationalised, and with the profit requirement of it’s Bermuda-registered holding company removed, has since then paid more money back into public funds that any of it’s private pseudo-competitors. It has a much improved (and much better) safety record, punctuality and customer satisfaction ratings than all the private operators.

      So good in fact, that the Tories are going to re-privatise it. Two of the top bidders are majority-owned by the French state, and one a wholly owned subsidiary of the German government-owned rail operator, but somehow the British state can’t own it.

      Hilarious.

      Watch out Air NZ.

      • halfcrown 4.2.1

        Thanks for that miravox, as I said not long ago, when Air New Zealand was “privatised” and the major share holding was bought by Briely Investments, we were told that it had to be privatised otherwise in a decade it would be a third rate operator with debts of 500 million. After a decade of privatisation, and bungy jumping by the spivs from the right, in 2001 the then Clark government had to re nationalise Air New Zealand as it was a third rate carrier with debts of 880 million. Now they are out of the shit Key wants to sell it off to his spiv mates AGAIN.

      • Francis 4.2.2

        Yep, there’s two ways that companies go after privatisation:

        1) In the case of some SOEs, the new owners milk them for all they have while failing to fund essential maintenance. After several years, the privately owned company is on the verge of collapse with its asset near ruin (the railways are the best example of this, but I’m sure similar things have happened to other companies). Eventually, the government is forced to buy them back if they stand any chance of surviving.

        2) The companies, which were performing reasonably well under public ownership, then go into the private sector and continue to perform reasonably well. However, instead of the profits going to the public, they go into the hands of a few (usually overseas) owners or companies. These companies are often Monopolies, Duopoly, or Oligopolies, so private ownership also allows the companies to forego their social responsibilities and instead dramatically increase prices (and thus increase profit margins). Examples of this include Telecom and the power companies.

        Either way, the public looses out. Particularly in the long term.

        I also have to ask, what’s the difference (in terms of the way the company is run) between public and private ownership? Was the SOE model not designed to effectively be a publicly owned company run like a private company? If the trouble is supposed to be with the management of the company, what’s to stop the government simply restructuring the management while retaining the entity of the dividends?

        • Tat Loo (CV) 4.2.2.1

          I also have to ask, what’s the difference (in terms of the way the company is run) between public and private ownership? Was the SOE model not designed to effectively be a publicly owned company run like a private company? If the trouble is supposed to be with the management of the company, what’s to stop the government simply restructuring the management while retaining the entity of the dividends?

          Actually, nothing.

          In some cases, when shit in the private company has gone real bad, statutory receivers or similar are called in to get things back on an even keel.

          The “private companies are run better” canard was set up by the neolibs (along with bullshit like “market discipline”) and left wing/progressive elements never pushed back against it adequately.

        • Draco T Bastard 4.2.2.2

          2) The companies, which were performing reasonably well under public ownership, then go into the private sector and continue to perform reasonably well. However, instead of the profits going to the public, they go into the hands of a few (usually overseas) owners or companies.

          Telecom: The $17b of profits went into private pockets and now we get the honor of paying even more taxpayer dollars to put in place the network that the $17b should have paid for. It’s really nothing short of legalised theft.

          I also have to ask, what’s the difference (in terms of the way the company is run) between public and private ownership?

          These days, nothing – even the dead-weight loss of profit is the same.

          Was the SOE model not designed to effectively be a publicly owned company run like a private company?

          Yes it was and, generally, speaking, it’s doing that which is, of course, why we’re all worse off.

          If the trouble is supposed to be with the management of the company, what’s to stop the government simply restructuring the management while retaining the entity of the dividends?

          Nothing but it’s not management that’s the problem that Tories and other capitalists have the problem with. What they’re really concerned about is those profits going to the government rather than them.

          The grip of privatisation on our vital services has to be broken

          Privatisation is a failed and corrosive model. In Britain, it has combined with a determination to put up any asset up for sale to hollow out the country’s industrial base to disastrous effect. If Britain is to have a sustained recovery, it needs a genuinely mixed economy. The political and corporate elite have run out of excuses.

          The same can be said of NZ.

          • TheContrarian 4.2.2.2.1

            “The $17b of profits went into private pockets and now we get the honor of paying even more taxpayer dollars to put in place the network that the $17b should have paid for. It’s really nothing short of legalised theft”

            This assumes that the 17b would have gone in totality to the network. An assumption, nothing more.

            • Draco T Bastard 4.2.2.2.1.1

              A reasonable assumption considering that that was exactly what was happening to Telecom’s surplus before the sale – as I’ve told you before. Sure, governments probably would have fucked with that, especially the 1990s National government, but that still would have shown the dead-weight loss of profit.

          • miravox 4.2.2.2.2

            A great article by Seamus Milne there, Draco

            This bit, too:

            the costs of privatisation have created a powerful counter-momentum in Europe (and even more so in Latin America) to bring services, resources and utilities back into the public sector: water in France, power in Germany, and transport in Britain (Newcastle is currently attempting to take back bus routes). In September, the people of Hamburg voted to bring back the power supply into municipal ownership. Berlin is set to follow suit this coming Sunday.

            Of course, where I am in this far-left (according to some) outpost of Vienna, public utilities still remain in public hands. A referendum this year on the topic overwhelmingly rejected selling them.

            The sale of public utilities and services is flawed ideology, the NZ public knows it, but accepts it anyway. Strange – people must have lots of money to burn.

            • Tat Loo (CV) 4.2.2.2.2.1

              Or too much trust in the Government of the day.

              • miravox

                Yep, and that’s even crazier. Governments need to be challenged not to misuse the power the public has entrusted to them. Not trusted unreservedly.

                • Tat Loo (CV)

                  And that curiously, is supposedly the role of the news media and of journalism: to constantly challenge those in power and those in official positions.

            • Draco T Bastard 4.2.2.2.2.2

              The sale of public utilities and services is flawed ideology, the NZ public knows it, but accepts it anyway. Strange – people must have lots of money to burn.

              I don’t think that they accept it. I think that they feel powerless to change it. Both major parties have been selling off assets and only a minor party or two, which people don’t have full trust in, are saying that they’ll renationalise.

    • Draco T Bastard 4.3

      what is it about these so-called “captains of industry” that they flick their blinkers to shut so often and on matters of such consequence?

      Because they believe themselves to be better than anyone else. The failures that we see in the private sector is proof that they aren’t.

      • hoom 4.3.1

        “Because they believe themselves to be better than anyone else.”
        Don’t forget: Rapacious self serving sociopaths.

  5. ghostwhowalksnz 5

    You gotta think think who is pushing this policy forward and would National benefit financially before the next election from ‘selling the lot’

    • One Anonymous Knucklehead 5.1

      Depends how many of them are capable of taking the long-term view. Key is in it for the short term and can expect huge rewards from his clients for transferring our wealth into private hands. These rewards will be delivered offshore, so he won’t even have to worry about the potential for vilification and contempt every time he shows his face in public.

      Visiting performers are often amazed by our openness, at how ridiculous their bodyguards look on Queen St. Even Muldoon was eminently approachable in public, (anecdotally) even at home. Our Prime Minister feels differently; he travels with security because he’s stealing from us and he knows we know.

      • Quincy 5.1.1

        I recall during the Muldoon era while driving my Morris Minor along the quay in Wellington I passed Muldoon’s limo (no doubt carrying him from the airport to parliament) parked up on the roadside with his driver out helping a woman to change a wheel.

    • Draco T Bastard 5.2

      They probably will but that’s not why they’re selling any assets. They’re selling to increase the profit for the private owners. That extra profit comes from our pockets.

      Then there’s what happens once everything is privately owned as it once was under the aristocracy.

    • SpaceMonkey 5.3

      Possibly some in National will do well but John Key’s bankster mates and hedge fund operators will do much better. That National might contemplate a sell-the-lot firesale is a indication to me that financial collapse might be closer than many think.

  6. fambo 6

    Looking on the bright side, the PM signalling that he plans to sell off the rest of the assets in the hurry must increase the motivation for people to vote in the referendum, and (hopefully) reduce National’s chances of winning the next election.

  7. Sable 7

    There’s an assumption here I find interesting but naive, that is, that Keys is operating in the interests of the New Zealand people when in fact the only people he is interested in is himself and his well heeled mates…

  8. karol 8

    Steve Baron: another referendum, another ignored result, on the sham of NZ democracy.

    It is easy for political pundits and politicians like Whanganui MP Chester Borrows to suggest people are not voting because “we are all a pretty apathetic bunch”, but a rational voter is quite justified in coming to the conclusion that voting is a waste of time. Maybe we expect more from our political system than casting one vote every three years and when we are not given the opportunity to mould our own destiny in specific referendums, we give up in disgust? Democracy is not just about “elect me, I know what’s best for you”, it’s about having a say on the real issues that often affect us directly. The same can be said when it comes to conscience votes in Parliament – who cares what John Key or Chester Borrows thinks? What is important is what the majority of their constituents think.

    The Government is not taking our democracy seriously. So, all you politicians down in Wellington, don’t belittle us by denying us our democratic rights and do not assume we are apathetic and ill-informed. Dwell on the words of President Thomas Jefferson: “I know of no safe depository of the ultimate powers of the society but the people themselves; and if we think them not enlightened enough to exercise their control with wholesome discretion, the remedy is not to take it from them, but to inform their discretion by education.”

  9. Rodel 9

    Be interesting to know which mom and dad politicians bought, at bargain prices, the assets that we used to own. Is there a way to find out? If its a blind trust thing I guess not.

  10. captain hook 10

    I’m getting really pissed off with the noo noo heads who think the share price is the defining issue of the asset sales.
    Its the future income stream that is important and where the payoff for National is.
    wrangling over the share price is just a red herring that lets National completely off the hook and lets them know that the proletariat is still ignorant of how the whole thing works.
    Wake up.

    • tc 10.1

      +1 and the insertion of a minority shareholding that can have a big say in dividend V reinvestment, minority interests being looked after are enshrined in our corporate laws.

      They couldn’t care less if the price was multiples of what is it as these are long term money spinners.

      The low price just makes this an even better deal for the nats backers.

    • Rob 10.2

      But that is exactly how a share is valued Captain , its value is determined by future generated cashflows.

      • framu 10.2.1

        whatever happened to demand and supply?

      • tc 10.2.2

        Value is not the same as price which captain is referring to or ‘Historical Cost’ in accounting terms.

        Supply and demand drive price but that’s no indication of value…..hands up who thinks Zero are worth what that caps out at with it’s actual customer/revenue/cost structure.

        One fund manager I recall called a sharemarket a hysteria index.

  11. Roy 11

    [pedant mode] David Farragut’s famous, foolhardy order to ‘Damn the torpedoes!’ actually led to a successful naval invasion of Mobile Bay, so you might want to reconsider the headline of this article. It isn’t really appropriate since Key’s asset sales program is a disaster [/pedant mode]

  12. Sawitt Cuming 12

    Key is only doing what he is told by his bosses at the Federal Resrve and his mates on Wall Street and in the corporations. Once we elected our own leaders but those days have long gone. Anyone not preoccupied with genuflecting at the Mall or otherwise “having fun” would have joined the dots and come to this conclusion for themselves ages ago.
    Iceland and Hungary are showing the way but Key has to go, the sooner the better and back to Wall Street for preference.

  13. Peter Freedman 13

    The obsession of conservatives in selling off everything that moves would be funny if it wasn’t so serious.

    • Tat Loo (CV) 13.1

      They aren’t conservatives, they are neoliberals. True conservatives conserve stuff. Plenty of National voting Southland conservatives hate the fact that our nation’s assets are being sold off.

  14. Ennui 14

    I have said it so often before so fekkin often: this whole “sale” issue is NOT about funding government. If the Left debates it on that basis they will get screwed because they are using the language and argument set out by their opponents.

    This debate is about one very small class of people who realise that the future is energy poor laying their hands on a strategic asset that produces power. This is about the rich positioning themselves as energy barons renting power to us serfs and peasants. Todays price and return are irrelevant, in fact the extreme Right are probably delighted with the debate to date being about “government funding etc”.

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    There is no question that a resurgent Labour party has closed the National party out of the media limelight. What else could Bill English do but pander to his ageist supporters by proposing boot camps and spot fines for the ...
    3 days ago
  • Civil Disobedience Against Big Irrigation
    Construction has started on huge irrigation schemes in Canterbury. When they start working, it’s going to be disastrous for our rivers - most of which are already struggling. More irrigation means more cows and that means more pollution.A few weeks ...
    3 days ago
  • Climate change: The Cullen fund divests
    Climate change is now undeniable, and if we are to survive it, the fossil fuel industry has to die. And now the Cullen Fund has recognised that fact, and started divesting its risk:The New Zealand Superannuation Fund has sold shares ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Dirty farmers
    Surprise, surprise - Waikato's dairy farmers are failing to comply with their resource consents:The Waikato Regional Council says dairy farm effluent compliance rates are heading in the right direction despite less than one quarter of farms monitored last year deemed ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • National’s policy hardly Christian
    It’s often amazing to see the ill-conceived political arguments that make it to print in New Zealand sometimes. Perhaps one of the least canvassed areas of voting preference is that of religious beliefs, and where those beliefs coincide with a ...
    3 days ago
  • “As soon as reasonably practicable”
    The Official Information Act requires agencies to decide on requests "as soon as reasonably practicable, and in any case not later than 20 working days after the day on which the request is received". But over the decades that the ...
    No Right TurnBy Idiot/Savant
    3 days ago
  • Wijkontsluitingsweg
    This is another post about my recent trip to the Netherlands. The Netherlands has a standard road classification system with ideally three types of roads: flow roads (motorways), distribution roads (arterials), and local roads (residential roads). This system does not ...
    Transport BlogBy Kent Lundberg
    3 days ago
  • Eyewitness report from Charlottesville by Redneck Revolt
    REPORTBACK: CHARLOTTESVILLE: August 13, 2017 by Redneck Revolt members The situation on the ground in Charlottesville, Virginia, is still developing and unstable, but a few of our Redneck Revolt members on the ground took some time to provide the ...
    RedlineBy Admin
    3 days ago
  • Treating young people differently
    The Labour party has hit the ground running with Jacinda Ardern. Not only has she shown immense capability as leader, the Labour party has clearly got its game on and returned to its core values, values that once made New ...
    3 days ago
  • Looking to the past to understand the Politics of Love
    We need to transcend us vs them struggles, writes Philip McKibbin.   Image: The Prophet Te Whiti Addressing a Meeting of Natives from The Graphic (1881) In 1881, the peaceful village of Parihaka was invaded. Fifteen-hundred men, led ...
    3 days ago
  • Power imbalances in local vs central government
    Local government in New Zealand is a creature of statute, so it’s subservient to powers bestowed upon it by central government. From the creation of its mandate and structure, to the reforms imposed through time, local councils are, and will ...
    Briefing PapersBy Christine Rose
    3 days ago
  • The Greens’ Campaign Reset: Normal Ideological Transmission Is Resumed.
    Who Loves Ya Baby? “I didn’t come to Parliament to act like other political parties. But this week that’s where we ended up. We have not been our best selves, and for that I am sorry.” But who are your best ...
    3 days ago
  • Victory on Victoria
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    3 days ago
  • MSM catches up on Unemployment stats rort
    .   . The mainstream media – or at least one clever journalist working for Mediaworks/Newshub – has finally caught up with a story broken by this blogger last year that unemployment data from Statistics NZ was no longer reliable; ...
    Frankly SpeakingBy Frank Macskasy
    4 days ago
  • When is Lying Justified?
    Among the sinners the drunk porter in Macbeth welcomes into hell is the ‘equivocator, that could swear in both the scales against either scale’. Equivocation is a theme of the play; Shakespeare is thought to have been influenced by the ...
    PunditBy Brian Easton
    4 days ago
  • Has National gone Full Metal Jacket?
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    4 days ago
  • Yale Climate Connections: America’s beacon of climate science awareness
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    4 days ago
  • On Mike Hosking – Don’t Say I Never Warned You
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    4 days ago
  • PM lied about Greenpeace spies
    The Todd Barclay affair, where the unelected Prime Minister claimed seven times that he couldn’t recall if Barclay had told him about the secret recording of a National party staffer, proved without a doubt that Bill English is dishonest!But if ...
    4 days ago
  • I watched Miss Universe NZ 2017 so you don’t have to
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    4 days ago
  • NZ Post spied on the public
    Last night we learned that NZ Post had been spying on the public, using microphones on its delivery vehicles to record and listen to conversations between its employees and random members of the public without the consent of either party. ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Aspirational fluff from Ardern 
    by Daphna Whitmore Although women got the vote in the late 19th century, now well in to the 21st century we still do not have pay equity. While overt discrimination against individual female employees is no longer legal or socially ...
    RedlineBy Admin
    4 days ago
  • National party dead in the water
    The last week in New Zealand politics has been extraordinary. But there’s one political party in particular that appears to be missing in action… the National party.The unelected PM Bill English has failed to gain any real traction in the ...
    4 days ago
  • Barnaby Joyce is a New Zealand citizen
    Over the last few weeks the Australian Parliament has been rocked by a succession of resignations and court referrals over various Senators falling foul of s44 of the Australian constitution, which bars dual-citizens from the legislature. Today, that clause appears ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • Dual Modes and Axle Loads
    Last year KiwiRail made the decision to replace the 16 current 30-year-old EF class electric freight trains currently in use on the North Island Main Trunk with the procurement of more DL Class Diesel Trains. These EF Class trains use ...
    Transport BlogBy Harriet Gale
    4 days ago
  • What’s Going On? with Lucy Zee: Beervana
    Eye-popping beer infusions and drinking games with the bros. Lucy Zee heads to New Zealand's biggest beer festival, Beervana.   Produced and presented by Lucy Zee, and filmed and edited by Eddy Fifield. Made with the support of NZ On ...
    4 days ago
  • National resorts to racism on water
    National knows it can't defeat the Labour-Green policy on water charging on fairness grounds, so they're now appealing to racism, with Treaty of Waitangi Negotiations Minister Chris Finlayson scaremongering that making farmers pay their fair share will mean reopening historic ...
    No Right TurnBy Idiot/Savant
    4 days ago
  • A Weak Man Trying to Look Strong
    Donald Trump would not be the first political leader to try to build his popularity, or divert attention from his troubles at home, by seeking a diversion – usually by means of a military adventure of some sort – overseas.  ...
    Bryan GouldBy Bryan Gould
    4 days ago
  • Keeping tiny humans alive
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    4 days ago
  • The left shouldn’t fear Greg O’Connor
    When Greg O’Connor was a young Police officer he did a stint undercover and has lamented having to arrest gang members he viewed at the time as his mates. This is perhaps the main problem for the left, being that ...
    4 days ago

  • Government must apologise over rebuild debacle
    The Prime Minister owes the public of Otago and Southland an apology and then he must come up with an unredacted copy of the business case for the Dunedin hospital rebuild, says Labour’s Health spokesperson David Clark. "For too long the interests of ...
    2 hours ago
  • Government caves to multi-national tax avoiders in the shadows
    News that the Government has secretly caved in to the demands of multi-national tax avoiders come as no surprise, but will disappoint Kiwi taxpayers, says Labour’s spokesman for Revenue Michael Wood.   “It has been revealed that a United States ...
    18 hours ago
  • Cheaper to stay at The Langham than emergency housing motels
    Labour’s comprehensive plan to fix the housing crisis and ensure there’s enough state housing, means we won’t be paying through the nose for emergency accommodation like the current Government has to, says Labour’s Social Development spokesperson Carmel Sepuloni. “National has ...
    19 hours ago
  • Government must come clean on water
      News that the National Government is secretly working behind closed doors on its own water charging schemes shows their utter hypocrisy on this issue, says Labour’s water spokesperson David Parker.  “They have been carping on about Labour’s plan for ...
    23 hours ago
  • Government pays twice the price for emergency housing motels – with two more on the way
    Under Labour’s plan to build at least 1000 state houses each year, New Zealand wouldn’t be paying more than double the valuations for motels to house Kiwis needing emergency housing, says Labour’s Social Development spokesperson Carmel Sepuloni. “Under questioning today, ...
    2 days ago
  • HAM shows country needs Labour on housing
    The latest Housing Affordability Measure report shows affordability dramatically worsening for Auckland first home buyers, says Labour’s Housing spokesperson Phil Twyford. ...
    2 days ago
  • Canterbury kids get more support for mental health
    Children in Canterbury and Kaikoura will get dedicated mental health support to help them overcome the trauma of the earthquakes, says the Leader of the Opposition Jacinda Ardern. “We’ll fund an extra eighty mental health professionals for the next three ...
    2 days ago
  • Statement on Julie Bishop’s comments
    It is highly regrettable that the Australian Foreign Minister Julie Bishop has chosen to make false claims about the New Zealand Labour Party. I have been utterly transparent about this situation. I stand by my statements this morning that I ...
    3 days ago
  • Labour stands with Pike families
    A Labour Government will stand with the families of Pike River and reaffirm its commitment to safe workplaces by ensuring there will be a Minister responsible for Pike River, says Leader of the Opposition Jacinda Ardern. “The Pike River disaster ...
    3 days ago
  • Yes to Sallies – Labour will build more state houses
    The Salvation Army’s latest report ‘Taking Stock’ shows why New Zealand needs a Labour-led Government committed to a massive house building programme, says Labour’s Housing spokesperson Phil Twyford. “When the Sallies say the country needs 2000 extra state houses a ...
    3 days ago
  • New Zealanders deserve better than scaremongering over water
    New Zealanders need to hear from National about how they will fund the clean-up of our rivers and lakes for future generations. Instead, National has broadened its scare-mongering, says Labour’s Water spokesperson David Parker. ...
    4 days ago
  • School Leavers’ Toolkit to equip young people for adult life
    Labour will give school leavers the practical skills and knowledge they need for adult life with a new School Leavers’ Toolkit, says Leader of the Opposition Jacinda Ardern. “Our teachers and schools do a great job of teaching our children ...
    4 days ago
  • Pay equity to be a priority for Labour
      Labour will make sure that the country’s mental health workers are a priority when it comes to pay equity negotiations, says the Leader of the Opposition Jacinda Ardern.  “It is very important for me to right the wrong created ...
    6 days ago
  • Labour’s positive education plan
    Today’s announcement on learning support is more tinkering and proof that only a Labour Government will deliver the resources that schools and parents are crying out for, says Labour’s Education spokesperson Chris Hipkins.  “We have a positive vision for a ...
    7 days ago
  • Pike footage raises questions over government’s actions
    The Government’s seeming determination to turn a blind eye to new questions about what happened at Pike River Mine is troubling, says Labour’s West Coast-Tasman MP Damien O’Connor. ...
    7 days ago
  • Solution to rent rises lies in building houses and stopping speculators
    The spread of rental increases from the big cities to the surrounding regions shows why we need to get on top of the housing shortage build homes our families can afford, and lock out the speculators, says Labour’s Housing spokesperson ...
    1 week ago
  • Clean rivers don’t cost $18 a cabbage
    National is falling into a bad pattern of promising the world and not saying how they will fund it, says Labour’s Water spokesperson David Parker. ...
    1 week ago
  • Time for honest answer on transport funding
    National needs to explain how they will fund the $6 billion funding gap in their 10-year Auckland transport plan, says Labour’s Auckland Issues spokesperson Phil Twyford. ...
    1 week ago
  • Time for true numbers on overseas speculators
    It’s time for the Government to give accurate figures on the number of houses being bought by overseas speculators, says Labour’s Land Information spokesperson Raymond Huo. ...
    1 week ago
  • Fair and sustainable trade: A Green Party vision for New Zealand’s trading relationships
    Trade is a cornerstone of the New Zealand economy. It provides us with the things we want and need, and enables us to pay for those with exports that generate business opportunities and jobs. However, it should be recognised that ...
    GreensBy Barry Coates
    1 week ago
  • Clean rivers for future generations
    Labour will lead a nationwide effort to restore our rivers and lakes to a clean, swimmable state, says Leader of the Opposition Jacinda Ardern. ...
    1 week ago
  • New Zealand really can do better on health
    Labour’s commitment to affordable access to high quality healthcare will provide a better service for New Zealanders than the current Health Minister, who will not apologise for statements that he made that wrongly criticised hard-working staff in the Southern DHB’s ...
    1 week ago
  • Labour’s plan the answer to motorway chaos
    Labour’s plan to build a light rail network and improve heavy rail and bus services across Auckland is the only answer to the kind of motorway congestion Aucklanders endured this morning, says Labour Transport spokesperson Phil Twyford. ...
    2 weeks ago
  • Labour to build rail to Auckland Airport
    A world class city needs a rail connection from the CBD to its international airport – that’s why Labour will build light rail to Auckland Airport as a priority, says Leader of the Opposition Jacinda Ardern.  “Let’s get Auckland moving ...
    2 weeks ago
  • Is pay equity just too hard for this Govt?
    You are hard pressed these days to find someone that openly admits their misogyny, that men should still be paid more than women. Politicians proclaim that they want to see women paid more, but do their actions back it up? ...
    GreensBy Jan Logie
    2 weeks ago
  • Labour’s commitment to our Rainbow nation
    The Labour Party has reaffirmed its commitment to New Zealand’s rainbow community with its 2017 Rainbow policy, featuring the goal to end HIV in New Zealand by 2025. Grant Robertson says Labour continues a long and proud tradition of advocating ...
    2 weeks ago
  • Labour’s vision for Auckland more than reheated roads
    Labour is more ambitious for Auckland than the reheated set of transport projects proposed by National, says Labour’s Auckland Issues spokesperson Phil Twyford. ...
    2 weeks ago
  • Waiting urology patients are the tip of the iceberg
    The 10 patients waiting for urology surgery at Dunedin Hospital are just the tip of the iceberg, says Labour’s Health spokesperson David Clark.  "Hundreds of patients are waiting for follow-up appointments, but they are not deemed serious enough to be ...
    2 weeks ago
  • Maori Landowners Misled by Maori Party
    Māori landowners are being misled by Government hui being held throughout the country promoting the troubled Māori Land Service (MLS), which underpins the Crown’s unpopular Ture Whenua reforms, says Labour’s Ikaroa-Rāwhiti MP Meka Whaitiri. ...
    2 weeks ago
  • Government’s Johnny-come-lately approach to multinational tax won’t wash
    It’s a case of baby steps for a Government that still allows multinational companies to avoid paying their fair share of tax, says Labour’s Revenue spokesperson Michael Wood. “After nine years in government, five years after the issue of multinational ...
    2 weeks ago
  • Auckland congestion up there with the world’s worst
    Traffic congestion is costing Auckland up to $2 billion in lost productivity according to the latest report from the New Zealand Institute of Economic Research, says Labour’s Transport spokesperson Michael Wood.  “This is a disaster and underlines the need for ...
    2 weeks ago
  • Experience in Youth Parliament 2016
    Being a Member of Youth Parliament was an unexpected, but fabulous opportunity for me. It provided me a way to connect with other young people who have some things in common, and to learn what it is like to be ...
    GreensBy NZ Green Party
    2 weeks ago
  • Labour backs renters’ call for warm, healthy homes
    80 per cent of renters wish their home was warmer and drier, and that’s what Labour will deliver, says Labour’s Housing spokesperson Phil Twyford. ...
    2 weeks ago
  • We can – and must – do better for Kiwi jobs
    Labour has the plan to get more young New Zealanders into jobs and tackle concerns raised in the latest statistics which show an extra 3000 young Kiwis are neither earning or learning compared to the same time last year, says ...
    2 weeks ago
  • Statement from Jacinda Ardern, Leader of the New Zealand Labour Party
    I want to start by giving my thanks to Andrew. His announcement today and the situation we have found ourselves in is not what anyone expected or wanted In my time working with Andrew I know one thing to be ...
    2 weeks ago
  • Better homes for Maori under Labour
    Labour’s vision is that Māori enjoy an equal playing field and have the same home ownership opportunities as non-Māori, says Labour’s Māori Development spokesperson Kelvin Davis. “Today Labour is proud to announce a detailed Māori housing policy from South Auckland’s ...
    3 weeks ago

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