web analytics

Key’s power price record

Written By: - Date published: 7:48 am, April 17th, 2013 - 78 comments
Categories: energy, privatisation - Tags:

Spooked by tomorrow’s joint announcement by Labour and the Greens on policy to cut power prices, National is trying to claim they have solved the problem. Get real. In the past year, household electricity prices rose an average of 5%, that’s over six times the rate of general inflation. In fact, power bills have outstripped general inflation every year under National. By my reckoning, the average power bill has risen 16%, or about $300 a year under Key.

This bullshit can’t go on. We can’t keep paying more and more and more for electricity, the bulk of which is produced with nearly no operating cost by hydrodams whose capital cost was recouped years ago.

And, with National halving the amount of revenue the Crown gets from electricity companies via its asset sales, the reasons for not acting are disappearing fast.

(The breakdown of electricity price increases is from Stats Infoshare, CPI)

78 comments on “Key’s power price record”

  1. Colonial Viper 1

    The NZ government has supported a profit making market-led dividend providing model of electricity generation, transmission and profit making private sector electricity retail for quite some time now.

    Why should the private sector change their modus operandi from what successive NZ government financials have structured, supported and benefitted from? Now that private shareholders are picking up the generation assets, they’re simply going to be doing more of exactly the same, and asking for what is due to them.

    • Draco T Bastard 1.1

      Now that private shareholders are picking up the generation assets, they’re simply going to be doing more of exactly the same, and asking for what is due to them.

      And what the rest of the country (and the rest of the world) need to realise is that nothing is due them.

      • Macro_adder 1.1.1

        “And what the rest of the country (and the rest of the world) need to realise is that nothing is due them.”
        QFT

  2. vto 2

    The electricity reforms (based on current policy neoliberal privatisation type thinking) were meant to keep power prices down to a minimum.

    However they haven’t worked.

    The cost of producing electricity has risen diddly squat, while the retail price has gone through the roof.

    Just like deregulation of finance companies, it has failed.

    Just like deregulation of mine safety, it has failed.

    Just like deregulation of house construction, it has failed.

    when will these bozos accept they have failed?

    • Colonial Viper 2.1

      Yes, but both Cullen and English were/are fine with hundreds of millions of tax revenue and dividends from various power companies and power SOEs flowing into Treasury. Getting those sums of money doesn’t really smell like “failure”.

      • vto 2.1.1

        Well that is a prime indicator of where our system fails with a capital “F”.

        What the politicians see as failure or success should match up with the populace. The fact it doesn’t is the monumental failure.

        • Colonial Viper 2.1.1.1

          Correct.

          Virtually all of our politicians act from a world view of market confidence, orthodox economics and financial/capital goals first. Not citizens first.

          • Draco T Bastard 2.1.1.1.1

            +1

            And those orthodox economics inevitably fail as all the wealth ends up in the hands of the few and most people end up in poverty.

  3. Melb 3

    16% over four and a half years, is what, 3.5%/year? And that’s only your reckoning, rather than actual statistics.

    That’s a lot better than the increases of 70% between 1999-2008.

    • Lightly 3.1

      It’s the actual statistics. You can follow the source yourself.

      • Tom Gould 3.1.1

        Indeed, just because Key and his cronies keep saying ‘70%’ and the brain-dead chooks keep printing it, doesn’t make it so.

        Sadly, once Max Bradford and his arch-Tory cronies set up the so-called ‘electricity market’ there was really no going back. I seem to recall that Pete Hodgson tried to fix it up to give consumers a fair go, but failed. And remember that Bradford actually promised ‘lower power prices’ as the generators and wholesalers and retailers all competed against each other? Fat chance. Funny how his website claiming credit for the ‘reforms’ has now disappeared.

        • Melb 3.1.1.1

          Sorry, I was wrong. It’s 63%. As that number comes from Stats NZ I’d so that makes it so.

          View post on imgur.com

          It doesn’t seem as though the Bradford reforms caused high prices until the Labour Govt hit upon the idea of jacking up them up as a profitable stealth tax. Grafic from the Otago Daily Times and Stats NZ.

          • Rob 3.1.1.1.1

            “This bullshit can’t go on.” I totally agree, Labour farmed the population of NZ in energy, slightly more than the current Govt has. People do not forget this.

  4. Alanz 4

    The power price increases actually feel worse this time round with less discretionary income left in the hand and other costs of living going up, eg food and fuel.

    Also, family, friends and neighbours are feeling more financial pressures with fewer working hours, less certainty at work, or no jobs 🙁

    Flying across the ditch is not such a promising option either as news from family and friends there sound less than sparkling.

    • Colonial Viper 4.1

      Stories of destitute and homeless Kiwis in Australia are increasing. It seems we are becoming a neglected underclass over there.

      In NZ…this is what energy poverty feels like, and perhaps half a million NZers experience it to a significant degree every Winter.

      Our country and our politicians seem fine with it though.

    • Plan B 4.2

      Agree that they feel worse. Because the actual numbers are getting bigger. A 16% rise on 100 is twice as big as a 16% rise on 50. So as the cost increases the percentage increase actually nakes it a lot worse. ‘We are the frogs in the pot on the stove’

      • Colonial Viper 4.2.1

        That’s the beauty of annualised exponential growth mate, embrace it.

      • ghostrider888 4.2.2

        good breakdown

        • Alanz 4.2.2.1

          oh how i yearn to earn directors’ fees like joan withers’

          > 50% rise
          $150k nom nom nom

          (and, shhhh, $85,000 pool ”for committee work” tee hee hee, thank you, john key, thank you, ryall)

          • ghostrider888 4.2.2.1.1

            urrggh, google and wiki just about made me sick; freakin’ unattractive and “defendent in law suit by shareholders against directors of failed Feltex. (are you trying to arm an assassin Alanz?)

  5. King Kong 5

    If this increase is finding its way into the Government coffers by way of dividends (so very important according to the “keep our assets” campaign) then it is just another tax. Considering how much you lefties like taxing people I cant see your problem with this.

    Surely more money to the state means there is more money for handouts to the idle and the baby factories that you seem to love so much.

    • Colonial Viper 5.1

      Better than having Australian shareholders suck up power company money for use in their own country.

      • King Kong 5.1.1

        Doesn’t the NZ Government still own 51% not to mention the massive chunk of dosh they get in one hit for selling the 49%?

        • Alanz 5.1.1.1

          handouts to the idle corporate rorters and baby factories of speculators

          ftfy

        • Colonial Viper 5.1.1.2

          Owning 51% of a good thing is somewhat shit compared to controlling 100% of it.

          • King Kong 5.1.1.2.1

            Depends how much you got for selling the 49%.

            • Colonial Viper 5.1.1.2.1.1

              Most NZers – nothing.

              The elite and the wealthy and the international money funds – I agree, its a great deal for them.

              • One Anonymous Knucklehead

                There’s nothing elite about wealth: that’s a false right wing frame.

                • Colonial Viper

                  I wouldn’t quite agree with you: this is a capitalist political economy that we are in. Therefore those who have the capital, control both the politics and the economy side of the equation.

                  But are they better human beings? Not likely.

              • King Kong

                Hang on a tick…I have been accosted every weekend in Cuba Mall by socially awkward Labour and Green supporters telling me that all NZers own these assets. Surely if we are selling “our” assets “we” get the money from the sale.

                • Alanz

                  “we”?

                  if we are talking within Natz circle, we need to take public money to give them to our cronies like Susan Devoy, Jackie Blue, Joan Withers, ….

            • Draco T Bastard 5.1.1.2.1.2

              Depends how much you got for selling the 49%.

              Not enough to offset the loss. There could never be enough or they wouldn’t be worth buying.

              • King Kong

                Maybe you should talk to some Bear Sterns stock holders about the risks of investing.
                What if a clean, unlimited, abundantly available power source is found in two months time. That would make the Nats look pretty shrewd.

                • Draco T Bastard

                  There’s no risk involved in buying the power companies as it’s something that the government cannot let fail – just like the banks.

                  And your “What if…” is a load of bollocks.

          • Rob 5.1.1.2.2

            Not for the power users if they are being farmed like they have been.

        • Plan B 5.1.1.3

          The government is trying to soak up the money it put into the economy but did not take out through taxation.Because it lowered the top tax rate.

        • felix 5.1.1.4

          “not to mention the massive chunk of dosh they get in one hit for selling the 49%”

          Yes monkey boy, and I know you trust the govt to spend that wisely…

          • King Kong 5.1.1.4.1

            You are talking to someone who thinks the Government should only be there to fund police, army, firemen and courts so spending it on anything else is a total waste.

            • ghostrider888 5.1.1.4.1.1

              and how much do they spend on the New Zealand Fire Service, oh wait, levies do.

            • Colonial Viper 5.1.1.4.1.2

              Where will the police, firemen, soldiers and judges learn to read and write?

              • King Kong

                With an education that their parents paid for.

                • One Anonymous Knucklehead

                  King Kong is right! That’s exactly what happens. There’s a pilot program going on right now in Somalia.

                • Colonial Viper

                  If you want police protection, or fire protection, surely then you should pay for that too, out of pocket, using competitive providers?

                  • Alanz

                    Maybe Shearer has good ideas for outsourcing to competitive private providers like Cosa Nostra, Chinese triads et al.

                  • King Kong

                    You are right about fire but Government needs to be in the business of upholding the laws of the land.

                    • geoff

                      Why? Couldn’t private enterprise do a better job than government at that too?

                    • King Kong

                      I think we have all watched enough Sci Fi movies to know that private police forces never work out that well.

                    • Draco T Bastard

                      Amazingly enough, we’ve also had privatisation rammed down our throats to know that that doesn’t work out to well either, i.e, government subsidies to Telecom for UFB.

                • Draco T Bastard

                  Yeah, that would be the education that most people had before government funded compulsory education was brought in because the factory owners needed better educated workers.

            • ghostrider888 5.1.1.4.1.3

              Fire!

            • felix 5.1.1.4.1.4

              “You are talking to someone who thinks the Government should only be there to fund police, army, firemen and courts so spending it on anything else is a total waste.”

              Then I’m talking to a hypocrite.

              Now get the fuck off our telecommunications network, bludger.

              • mac1

                And the roads, King Kong. Don’t walk on the footpaths, either. Keep out of the P/parks and Reserves. Hope you don’t pick up a bug from a sick and unscreened visitor. Hope you can pay for your own sicknesses. Pay (fully) for your own children’s education. Hope you aren’t a farmer at the risk of imported plant disease and pests.

                I hope you can trust your builder. Your butcher. Your restaurant. Your supermarket.

                And finally, that piece of real estate in which we all end up?

                The horror! Mac’s Cemeteries. RIP. Rest In Payment.

                • King Kong

                  I pay for all this stuff now, I just have a bunch of numpties in Government making the spending decisions for me.

                  • mac1

                    But, would you pay for it if you didn’t have to to? Remember, it’s you who wants state involvement restricted to four areas. I questioned, and you have swiftly sidestepped, as to what you would do in such a minimalist state-involved society in terms of all those areas that I itemised..

                    Remember also that you just might have private enterprise numpties, as you call them, in charge of all this stuff- and the record of private enterprise is not necessarily all that good when it comes to safety and all the other reasons as to why we ask the State to step in and act in the common good.

                    I’ve just finished reading a Llargas novel on Sir Roger Casement which covered individual conscience and action with regard to Amazonia and the Congo under unfettered, unsupervised corporate control pre-WW1. Not a pretty sight for private enterprise ‘control’.

              • King Kong

                So to avoid hypocracy yourself I guess you don’t shop at any of the major supermarkets or chain stores due to their participation in the neo liberal capitalist crusade.

                • felix

                  That would be true if I were saying that the state ought to own everything.

                  But I’m not, so it isn’t, and you can try again.

  6. Adrian 6

    I’m under the impression that about 10-15 years ago world accounting practices ( led by the big accounting companies or “crooks”) changed the way things like assets were valued, i.e NZ dams while paid for decades ago at a fraction of current costs, were to be valued at replacement value in the current tax year, and depreciation etc to reflect this. Brilliant tax reduction tactic. Therefore power prices rose to get the books to balance. Am I right or just blinded by a totally rational hatred of accountants and money market manipulators?

    • Draco T Bastard 6.1

      No, I suspect that you’re right. It’s a system designed to benefit the few and so making things look more expensive than they are can increase profits for those few. Those profits, of course, come from everyone else.

    • prism 6.2

      Adrian
      I had thought that was happening in another area that I am concerned about. Rental housing. While commercial shops have their rent regularly updated on the basis of certain criteria like more traffic past, renters are needing a home as a basic requirement. Yet renting is a business and tenants will have their rent put up on the basis of current valuation, often without having any money being expended on maintenance, remedial work, or improvements.

    • DH 6.3

      Yeah, NZ adopted IFRS. (International Financial Reporting Standard) It requires assets to be on the books at “fair value” rather than depreciated or replacement value, which gives the beancounters more leeway on how they set the values.

      Mighty River, Meridian and Genesis between them have revalued their assets upwards a total of 8.25 billion dollars. They need around a 7% return on equity (8% for borrowed money) so that’s an extra $600 million profit they’re making out of us mugs.

      • Ed 6.3.1

        Tehre was comment at the time that the erason for some of the sales between power companies (all govt owned) was purely to ‘set’ a market price which would increase the deemed capital values of the companies assets. Since it was a sale between two companies owned by the govrment, there was no real “market” determination, but it did then ‘justify’ increasing the price of electricity to get a desired ‘return on equity”. Cynical, yes, but that is what we expect from National.

        • Colonial Viper 6.3.1.1

          Justifications for rentier capitalism

          Don’t just blame National, Labour was quite happy with a corporate for-profit SOE structure sucking money out of communities into Treasury.

          Is anyone surprised that after having left the Key in the ignition like that, the Nats came along in the next government and drove off with our assets.

        • DH 6.3.1.2

          “Tehre was comment at the time that the erason for some of the sales between power companies (all govt owned) was purely to ‘set’ a market price”

          That’s possible but they already do set the book values and report it in the balance sheets. It’s probably more likely Bill English was just grabbing some extra tax to make his books look better. Asset revaluations are taxable but the tax is deferred until the asset is sold. Mighty River alone has $900 million in deferred tax. When Genesis bought the dams etc off Meridian I’d think that Meridian would have had to pay the deferred tax on the revaluations of those assets. Doesn’t affect the equity so the Govt gets more tax revenue and there’s no change in the book values.

  7. Plan B 7

    I simply do not know what the fuss is all about. We only use imported electricity in our home anyway. We would not be seen dead using that local stuff. It just isn’t the same is it. Really good quality European electricity is so much better. We enjoy our appliances so much more now we use imported electricity. We often fly to Sydney for the weekend and pick up some Australian Duty Free electricity at the airport before we fly home. Oh and last time we were staying in our timeshare in Hawaii we brought back some US electricity in our hand luggage, straight through customs, no one seemed to care and it was so much cheaper!

  8. infused 8

    So from kiwiblog:

    The history of electricity cost increases in NZ, according to Stats NZ is:

    4th Labour Govt – 98.7% or 16.4% a year
    4th National Govt – 47.5% or 5.3% a year
    5th Labour Govt – 63.7% or 7.1% a year
    5th National Govt – 16.2% or 4.1% a year

    Why was it ok then? Why is it suddenly bad now?

    • Colonial Viper 8.1

      You’re correct, this is just the end stages of a decades long neoliberal market led gang bashing.

    • Mike Smith 8.2

      The commenters on Farrar’s Kiwiblog post put some useful context around these raw numbers – inflation running at 17% in the 1980’s, and privatisation of Contact in the late nineties. I think the same old blame-shift is starting to run out of steam

      • Rob 8.2.1

        The issue that steams people up is that the title of this post is “Key’s power price record”. Everybody (except it seems the author) knows that the current farming of energy users was in place well before this Govt came about, and that people have very litle faith in labours ability and conviction to do anything about if they are to be re- elected.

  9. Draco T Bastard 9

    Green Party Press Release

    The low headline Consumer Price Index change hides significant rises in electricity prices, the Green Party said today.

    Statistics New Zealand Consumer Price Index (CPI) data shows that electricity prices were up 5.2 percent for the March year, meaning prices have risen 18.8 percent since National took office.

    • prism 9.1

      DTB
      Yes that’s a point – I think that the inflation index is averaged out isn’t it? So that can mean that a shortage or glut of cabbages can affect the food part, and obscure the energy part. (Cabbage availability did affect the CPI one year – way back.)

      • DH 9.1.1

        “Yes that’s a point – I think that the inflation index is averaged out isn’t it? ”

        They use a weighted average format. Electricity is part of the Housing and household utilities group and has an individual weighting of 3.5. Translated that roughly means a 10% increase in power prices would add 0.35 to the CPI.

        The CPI is a terrible measure of inflation for households because they spread it across all types of households to get broad inflation rather than targeted. Rent for example has a weighting of 7.85 and no-one spends only 7.85% of their income on rent.

  10. aerobubble 10

    Under Labour electricity price went up 70%+ at a time of interest rates hitting? 10%?
    Under National electricity prices have gone up 20% in a time of deflation….

    Key spin.

  11. Green machine UpandComer 11

    As the Dompost editorial stated, Labour has absolutely no credibility on power prices – they were much much higher under Labour, always.

    Further, the Green’s policies will push power prices through the roof.

    CPI is way down, the economy is doing pretty well.

    I really hope the snivellers keep banging on about what colour the phone was that Key used to maybe call a directory 🙂 keep up with the negative pettiness, that’s always a real vote winner and is about all Labour is good for these days 🙂

    • Colonial Viper 11.1

      CPI is way down, the economy is doing pretty well.

      price increases are down because unemployment is high, few are spending money, and the same high dollar which gives you cheap iPhones is crushing our export jobs sector.

      Your analysis is plain sad, actually.

      Further, the Green’s policies will push power prices through the roof.

      National’s will push them higher, and give the difference to foreign shareholders.

Recent Comments

Recent Posts

  • Prime Minister to visit Fiji and Australia
    Prime Minister Jacinda Ardern will visit two of New Zealand’s most important Pacific partners, Fiji and Australia, next week. The visit to Fiji will be the first by a New Zealand Prime Minister in four years and comes during the 50th anniversary of Fijian independence and diplomatic relations between our ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Next steps in Criminal Cases Review Commission announced
    Justice Minister Andrew Little and New Zealand First MP Darroch Ball, have today announced the appointment of the Chief Commissioner of the Criminal Cases Review Commission (CCRC), the location, and the membership of the Establishment Advisory Group. Colin Carruthers QC has been appointed Chief Commissioner of the CCRC for an ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Horticultural Ahuwhenua Trophy finalists announced
    Māori Development Minister Hon Nanaia Mahuta and Agriculture Minister Hon Damien O’Connor co-announced the first horticultural finalists for the Ahuwhenua Trophy celebrating excellence in the Māori agricultural sector.  The three finalists are Ngai Tukairangi Trust from Mt Maunganui, Otama Marere Trust from Tauranga, and Hineora Orchard Te Kaha 15B Ahuwhenua ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • New support for students with dyslexia
    A new kete of resources to strengthen support for students with dyslexia will provide extra tools for the new Learning Support Coordinators (LSCs) as they start in schools, Associate Education Minister Tracey Martin announced today. The Minister launched the kete in Wellington this morning, at the first of three induction ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Rental reforms progress to select committee stage
    The Government continues to make progress on a fairer and more secure rental market for renters and landlords with the First Reading of the Residential Tenancies Amendment Bill and its referral to the Social Services and Community Select Committee.  “Now is the opportunity for landlords, tenants and others who want ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Papua New Guinea Prime Minister to visit New Zealand
    Papua New Guinea’s Prime Minister Hon James Marape will visit New Zealand from 21-25 February, Prime Minister Jacinda Ardern announced today. “New Zealand and Papua New Guinea have a warm and friendly relationship. I look forward to welcoming Prime Minister Marape here and strengthening the relationship between our two countries,” ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Free school lunches served up to thousands
    Thousands of children have begun receiving a free lunch on every day of the school week, Prime Minister Jacinda Ardern said. The Government’s free and healthy school lunch programme is under way for 7,000 students at 31 schools in Hawke’s Bay / Tairāwhiti and Bay of Plenty / Waiariki, extending ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Social Wellbeing Agency replaces Social Investment Agency with new approach
    The Minister for Social Development Carmel Sepuloni today announced a new approach that continues to broaden the Government’s social sector focus from a narrow, investment approach to one centred on people and wellbeing. Minister Sepuloni said redefining the previous approach to social investment by combining science, data and lived experience ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to strengthen protections for whistleblowers
    The Government is strengthening the Protected Disclosures Act to provide better protection for whistle blowers, Minister of State Services Chris Hipkins said today. “The Protected Disclosures Act is meant to encourage people to speak up about serious wrongdoing in the workplace and protect them from losing their jobs or being ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • PM speech at Parliamentary Chinese New Year celebration 2020
    Nǐn hǎo (Hello in Mandarin). Xīn Nián Kuài Lè (Happy New Year in Mandarin) Néi Hóu (Hello in Cantonese). Sun Nin Fai Lok (Happy New Year in Cantonese) Tēnā koutou, tēnā koutou, tēnā koutou katoa. Thank you for your invitation to attend this celebration today. I would like to acknowledge ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • IPANZ Annual Address
    Kia ora. Ngā mihi nui ki a koutou katoa. Nau mai haere mai ki te Whare Pāremata. E ngā mana whenua ki tēnei rohe Taranaki Whānui, Te Upoko o Te Ika, Ngāti Toa Rangatira, Ngāti Raukawa – kei te mihi, kei te mihi, kei te mihi. E ngā mana, e ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • 2020 IPANZ Annual Address
    Kia ora. Ngā mihi nui ki a koutou katoa. Nau mai haere mai ki te Whare Pāremata. E ngā mana whenua ki tēnei rohe Taranaki Whānui, Te Upoko o Te Ika, Ngāti Toa Rangatira, Ngāti Raukawa – kei te mihi, kei te mihi, kei te mihi. E ngā mana, e ngā ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Tougher penalties for gun crime a step closer
    Tougher penalties for gun crime are a step closer with the passage of firearms reform legislation through another stage in Parliament. The Arms Legislation Bill has tonight passed its Second Reading. “The changes have one objective - to prevent firearms falling into the wrong hands,” said Police Minister Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Arms Legislation Bill: Second Reading
    Introduction Mr Speaker We all know why we are here today. It has been a long journey. The journey did not actually begin on 15 March 2019. It began on 30 June 1997. Almost 23 years ago, Justice Sir Thomas Thorp told us what was wrong with our firearms legislation. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New era for vocational education
    The Government’s work to put trades and vocational education back on the agenda took another major step forward today with the passing of the Education (Vocational Education and Training Reform) Amendment Bill, Education Minister Chris Hipkins said. “This is a watershed day for trades and vocational education. These law changes formalise ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Bill to Amend the Greater Christchurch Regeneration Act
    Speeding up the return of Christchurch regeneration activities to local leadership is behind the Greater Christchurch Regeneration Amendment Bill introduced to Parliament today by Minister Megan Woods. “As we approach nine years since the February 2011 earthquake in Canterbury, and with the transition to local leadership well underway, the time ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Milford Track to partly reopen after storm damage
    Hundreds of New Zealanders and international visitors will be able to get back out into nature with the Milford Track partially reopening next week, after extensive assessments and repairs, the Minister of Conservation Eugenie Sage announced today. The popular Great Walk has been closed since 3 February after an extreme ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government drives low-emissions transport momentum
    Up to 110 new EV chargers nationwide in cities and regions 50 electric vehicles for ride-sharing The Government is helping deliver more infrastructure and options for low emissions transport through new projects, Energy and Resources Minister Dr Megan Woods says. Tauranga, Nelson, Levin, New Plymouth and Oamaru are just some ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Kiwis better off under Coalition Government
    New Zealanders are increasingly better off under this Government as wages rise and families have more disposable income, Finance Minister Grant Robertson says. Stats NZ reported today that average household disposable incomes after housing costs rose 4.9% in 2019. This was the highest rise in four years and came as ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Another step towards restoring rights for screen production workers
    All New Zealanders need to have their voices heard at work to ensure we have an inclusive and productive economy. Today we introduce a Bill to do this for workers in the New Zealand screen industry, Workplace Relations and Safety Minister Iain Lees-Galloway says. “The Screen Industry Workers Bill will ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Enhanced Taskforce Green for Southland and South Otago
    The Government has announced further help for the Southland and Otago regions to speed up recovery efforts from the floods.  “I’ve approved Enhanced Taskforce Green (ETFG), making $500,000 available to help with the clean-up in Fiordland, Southland, and the Clutha district in Otago,” Minister for Social Development Carmel Sepuloni said.  ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Employers and Industry take the lead to connect students to vocational education
    Following the announcement that more than 340 schools will be funded to run events promoting vocational education, the Government has announced it will fund a further 257 events to be run by employers and industry. “These industry-run events will allow more than 30,000 students to connect with more than 2,000 ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Rental reforms a step closer with the introduction of the Residential Tenancies Amendment Bill
    Today the Government is making progress on a fairer and more secure rental market for renters and landlords with the introduction of the Residential Tenancies Amendment Bill in Parliament.  “This Bill includes a series of reforms to improve the wellbeing of the 609,700 households that live in rented homes, and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Biosecurity Minister announces world first eradication of pea weevil
    A Government programme to wipe out pea weevil has achieved a world first, with Biosecurity Minister Damien O’Connor today announcing the successful eradication of the noxious pest from Wairarapa. This means the nearly four-year ban on pea plants and pea straw was lifted today. Commercial and home gardeners can again grow ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Temporary Accommodation Service activated for Southland flooding
    Southland residents hit by flooding caused by heavy rainfall can now access help finding temporary accommodation with the Government activating the Temporary Accommodation Service, Minister of Civil Defence Peeni Henare announced today. “The Temporary Accommodation Service (TAS) has been activated by the Ministry of Business, Innovation and Employment to help ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bridges: Over-hyped and under-delivered
    “Is that it?” That’s Finance Minister Grant Robertson’s response to Simon Bridges’ much-hyped economic speech today. “Simon Bridges just gave the most over-hyped and under-delivered speech that I can remember during my time in politics,” Grant Robertson said. “It’s not surprising. Simon Bridges literally said on the radio this morning ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Police to trial eye in the sky in Christchurch
    A trial deployment of the Police Eagle helicopter in Christchurch will test whether the aircraft would make a significant difference to crime prevention and community safety. “The Bell 429 helicopter will be based in Christchurch for five weeks, from 17 February to 20 March,” said Police Minister Stuart Nash. “The ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Momentum of trade talks continues with visits to promote Pacific and Middle East links
    The Government has kept up the pace of its work to promote New Zealand’s trade interests and diversify our export markets, with visits to Fiji and the United Arab Emirates (UAE) by Trade and Export Growth Minister David Parker. Building momentum to bring the PACER Plus trade and development agreement ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Coalition Govt’s investment in Customs nets record drugs haul: 3 tonnes stopped at borders in 2019
    The Coalition Government’s investment in a strong border and disrupting transnational organised crime produced record results for stopping drugs in 2019, says Minister of Customs Jenny Salesa. The illegal drugs were seized at the New Zealand border by Customs, and overseas by Customs’ international border partners before the drugs could ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Separated scenic cycleway starts
    Transport Minister Phil Twyford today kicked off construction of a separated cycleway alongside Tamaki Drive. A two-way separated cycleway will be built along the northern side of Tamaki Drive, between the Quay Street Cycleway extension and Ngapipi Road. There will be a separate walking path alongside. Phil Twyford said giving ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Earthquake-Prone Building loan scheme: eligibility criteria announced
    Owner-occupiers of unit and apartments living in earthquake-prone buildings will have certainty about the financial support they’ll be eligible for with the release of criteria for an upcoming assistance scheme, Minister for Building and Construction Jenny Salesa says. The Residential Earthquake-Prone Building Financial Assistance Scheme will help unit owners facing ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Travel restrictions to remain in place as coronavirus precaution
    Temporary restrictions on travel from China will remain in place as a precautionary measure to protect against the spread of the COVID-19 coronavirus. The restrictions which prevent foreign nationals travelling from, or transiting through, mainland China from entering New Zealand have been extended for a further 8 days. This position ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Over $1 million to help Tairāwhiti youth into employment
    Employment Minister Willie Jackson announced today that Tairāwhiti rangatahi will benefit from an investment made by the Government’s He Poutama Rangatahi (HPR) scheme. The funding will go to the Tautua Village, Kauneke programme and the Matapuna Supported Employment Programme which will fund 120 rangatahi over two years. “Both programmes work ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • School attendance has to improve
    All parents and caregivers need to ensure that their children go to school unless they are sick, Associate Education Minister Tracey Martin said today. “The school attendance results for 2019 show, across the board, a drop in the number of students going to school regularly,” the Minister says. “Apart from ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Crown and Moriori sign a Deed of Settlement
    A Deed of Settlement agreeing redress for historical Treaty claims has been signed by the Crown and Moriori at Kōpinga Marae on Rēkohu (Chatham Islands) today, Minister for Treaty of Waitangi Negotiations Andrew Little has announced. Moriori have a tradition of peace that extends back over 600 years. This settlement ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Waikato Expressway driving towards completion
    Transport Minister Phil Twyford today with Māori King Tuheitia Pōtatau Te Wherowhero VII officially opened the country’s newest road, the $384 million Huntly section of the Waikato Expressway. The 15km four-lane highway with side and central safety barriers takes State Highway 1 east of Huntly town, across lowlands and streams ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • 3400 New Zealanders treated in first year of new hepatitis C treatment
    The rapid uptake of life-saving new hepatitis C medicine Maviret since it was funded by PHARMAC a year ago means the elimination of the deadly disease from this country is a realistic goal, Health Minister David Clark says. Hepatitis C is a blood-borne virus which attacks the liver, proving fatal ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Kaupapa Māori approach for homelessness
      Kaupapa Māori will underpin the Government’s new plan to deal with homelessness announced by the Prime Minister in Auckland this morning. “Māori are massively overrepresented among people experiencing homelessness, so, to achieve different outcomes for Māori, we have to do things very differently,” says the Minister of Māori Development ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government steps up action to prevent homelessness
    1000 new transitional housing places delivered by end of year to reduce demand for emergency motel accommodation. Introduce 25% of income payment, after 7 days, for those in emergency motel accommodation to bring in line with other forms of accommodation support. Over $70m extra to programmes that prevents those at ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Important step for new financial conduct regime
    Clear requirements for ensuring customers are treated fairly by banks, insurers and other financial service providers are included in new financial conduct legislation that passed its first reading today. “The recent reviews, by the Financial Markets Authority (FMA) and Reserve Bank of New Zealand, into the conduct of banks and ...
    BeehiveBy beehive.govt.nz
    1 week ago