web analytics

Poor Poor John

Written By: - Date published: 8:15 pm, April 2nd, 2008 - 43 comments
Categories: assets, john key - Tags: ,

Tracy Watkins tells us in today’s Dom-Post that John Key may have taken a beating in the stock market lately.

He wouldn’t say how much he lost, but did admit, ‘I’m worth less than I was.’

And, I’ll bet some in his Caucus would agree.

Anyway, Tracy tells us that Poor John came to New Zealand with a fortune worth $50 million and now he has lost a bit. He said the amount wasn’t significant. So, what, maybe, he lost maybe a million or two?

I have to say, it brings a tear to my eye thinking of the poor guy sitting in his cabana at his $6.8 million Parnell mansion counting his remaining $48 million.

And, John Key wants us to think he is an average Kiwi Bloke yeah, right!

43 comments on “Poor Poor John”

  1. higherstandard 1

    I can almost understand why this might be news at the Standard but why would the dominion post bother with a nothing story like this ?

  2. Policy Parrot 2

    Certainly it is not just John Key who has taken a beating on the stock market. Many thousands of investors in the Kiwisaver scheme who choose a “growth” fund will have assets worth smaller than the combined contribution from individual and state.

    TBH, Mr. Key’s change in fortune on the private front are really of little issue, compared to his change of fortunes on the public front – except suffice to say that “leaving it to the market doesn’t always seem to be the best solution”.

  3. ghostwhowalks 3

    Down a few mill?
    Dont be silly he probably lost half, since he would have been leveraged to the hilt even if he only had $10 mill of his own in this asset class

  4. randal 4

    looks like the Lynch mob managed to claw back their dough without having to pay for it

  5. illuminatedtiger 5

    Poor little rich prick!

  6. r0b 6

    Another new author at The Standard. G’day Jasper.

  7. Jay 7

    “Dont be silly he probably lost half, since he would have been leveraged to the hilt even if he only had $10 mill of his own in this asset class”

    Key is a BSD. He would have hedged his position. You don’t make 50 large by trading uncovered positions.

  8. Pascal's bookie 8

    “You don’t make 50 large by trading uncovered positions.”

    Oh yeah?


  9. Sceptic 9

    This is gutter stuff even for you guys. John Key was successful at his job – get over it. He’s given up the chance to keep making more money, taken a substantial pay cut and decided that he wants to make a difference in his own way. You’re free to disagree with the way he wants to make a difference but it’s insulting to you and the broader labour movement that you would descend to a post like this.

    Your claim about him not being the average kiwi bloke is obviously true. But take a look at the register of percuniary interests and look at Labour MPs. Many of them have substantial stock portfolios, are beneficiaries to multiple trusts and own 2 or more properties. Hardly average kiwi blokes or blokettes. Where’s the criticism of them for claiming to represent ordinary New Zealanders?

  10. infused 10

    This post stinks of jealousy.

    captcha: the nervous

  11. Monty 11

    Would a better story not be the one about the thousands of NZers who have lost money because of Labour’s interference in particular I am thinking about Aucklnad International Airport.

    This is John Key’s personal matter and of no concern to anyone else.

    But I suppose those with KDS will celebrate a rich prick losing more money in a month than the obsessed authors of this Labour Party blog will ever earn in their lifetime.

  12. Razorlight 12

    Typical labour movement Post. The Politics of envy.

    Whether you support his brand of politics or not, John Key should be a guy we celebrate. Someone who grew up in a single parent family in an extremely modest home bettered his situation and achieved.

    He wasn’t gifted anything. He hasn’t spent his whole adult life feeding from the public teat. He has achieved.

    He has achieved more than most and you hate him for that.

    Anyone with the attitude displayed in this post needs their head read

  13. AncientGeek 13

    The point of the post was pointing out the inherent difference in viewpoint that being able to lose a lot of money makes. This is from a politician that keeps trying to make himself out as being of the people.

    Celebrate that he made a success of himself, fine. But does that make him qualified to judge on the support that allowed him to get into a position where he could. The schools, infrastructure, medical support, etc that a society provides. In my experience most successful people really don’t notice those things or attribute them to their subsequent success. They were used by their parents, and kids don’t really didn’t notice them.

    I sure noticed those supports when my sister was on the DPB after a divorce and raising two small children. I really noticed them when they got cut in the early 90’s.

    What exactly does that have to do with the politics of envy? They are questions of competence.

  14. Ren Stimpy 14

    Bloody rich prick bastard. How dare he become financially successful, he should be shot. We should all be on welfare instead, that would make our country good.

  15. Razorlight 15


    You have raised questions of competence but the story is about him loosing money. That has nothing at all to do with his ability to lead this country.

    So any mention of his personal fortune is obviously politics of envy. What else can it be?

  16. AncientGeek 16

    RL: then why did it end on

    And, John Key wants us to think he is an average Kiwi Bloke yeah, right!

    You did read the whole thing?

  17. Razorlight 17

    John Key hasn’t raised his wealth or his apparent loss at any stage as a reason to elect him. He was asked a direct question and he answered it.

    Watkins making a story out of it has nothing at all to do with his ability to lead.

    Now I may be wrong but I don’t think you will find any direct quotes from John Key describing himself as an average Kiwi Bloke. Please provide me with one if I am in fact wrong. So what is the relevence of this post other than to hold this guy out as a rich prick.

  18. Clint 18

    He is far more convincing as a real Kiwi bloke than Clark pretending she is an every day wife to an every day husband, living a normal married life.

    Fair call.

  19. AncientGeek 19

    RL: If Key raised it – I don’t know. But I’m sure someone will. It has been raised as an issue by his supporters on the blogs numerous times. Effectively (I’m shortening the thesis a bit) they say that his personal success will translate into success for the country. I’m unconvinced of that. They have made it an issue

    I can’t actually recall a businessman becoming an effective politician here or elsewhere when you look back from 20 years. I can however remember a number of them that screwed up pretty badly. Italy at present comes to mind.

    Anyway that wasn’t what you raised a few comments back, and what I responded to. You attributed the Jaspers post to the politics of envy when the post was clearly about his ability to understand the issues of someone with a lot less money. So I can understand you wanting to shift the point rather than deal with it.

  20. AncientGeek 20

    C: I wouldn’t call Helen ordinary under any circumstances. She is the PM after all with major demands on her time. She has always struck me as being quite out of the ordinary and one of the smartest and hardworking people I have ever met. For that matter so is Peter. I’ve known them for a long time.

    I’ve seen Helen talking with the voters in her electorate. She definitely knows all of the issues people run into. She has been doing it for what – close to 30 years. Probably explains the rising majority that she has enjoyed in the electorate.

    I’m obviously biased, but I think that Helen will eventually go down in the history books as one of the best prime ministers we have ever been lucky enough to have. But I don’t think it will be after this election – the Nats look pretty disorganised to win a long campaign, and seem to be getting an increasing credibility gap.

  21. AncientGeek 21

    I do have an issue with this focus on leaders from both the left and right.

    Personality politics is beside the point. Elections aren’t celebrity voting contests, they’re about policy directions and where society is heading. The nature of the lead politicians is part of that, so it becomes important to understand them. But it isn’t the major part – it is just the easy bit.

    I think that the Nats have a major problem with policy at present. It keeps showing up with these ad-hoc headline grabbers that make no sense, and this incredible dearth of actual descriptions of what the Nats would do if they gain power. So far all I’m seeing is the smoke and mirrors and no policy. It seems to have coincided with Key becoming leader of the Nats, becasue it was quite clear where Brash or English stood. I don’t think you can win an election like that.

    An election is mainly about the opportunities where people want their kids and grandkids to have, and how they can provide those opportunities. Most people seem to take their vote very seriously when they get into the polling booth

    captcha: tempers rising

  22. Sceptic says,
    >This is gutter stuff even for you guys. John Key was successful at his job – get over it. He’s given up the chance to keep making more money, taken a substantial pay cut and decided that he wants to make a difference in his own way.

    This is an interesting way of looking at John Key. He sacrificed a well paying career to come home to his little old nothing land to make a difference. He even takes a pay cut to help these little old islands far away from everywhere to make a difference.

    Just imagine the “Smiling Assassin” wants to make a difference.
    The man they send in to deal with the most difficult of clients (read the most distrusting) wants to make a difference for us.
    He will drag us into the real world and make this land “great”.

    A shame really isn’t it, that his ilk (the bankers top to which he belonged and still does, as the meeting he had with his old Merrill Lynch bosses October 2007 shows) have just ruined the western worlds economies by being the most corrupt and greedy bankers thugs this world has ever seen.

    What was that again about John Key sacrificing a pay cut to make a difference, I think his bankers mates send the Smiling Assassin in to convince some very difficult clients, the New Zealand population, to take the deal no matter how rotten. They didn’t buy Don Brash, and that damn Labour woman still holds out on the nuclear issue, and if we had a free trade agreement with National we could finally get our hands on the black sands, the gas, the oil and wasn’t there a considerable amount of gold in the Coromandel?

    John Key sacrificing anything, my a*s.

    Added to that, I suggest that you read the actual Dominion Article,
    If I am correct in assuming that John Key is still very much a member of the top bankers elite than he would have known about the coming crisis. It is after all what unregulated bankers do; create a bubble and deflate it, and create another one, and deflate it, and when it goes wrong let the tax payer clean up the mess. They did it in 1929 and they are doing it now. So coming home, knowing full well that the bubble was going to burst he would have got rid of most of his bad shares, wouldn’t he? And indeed ,John Key has done exactly that, he in fact says so himself in the article:

    >”When I was working at the company a large part of my net worth was [from] Merrill Lynch, but when I came back to New Zealand I took the opportunity to divest.

    And I wouldn’t wonder if the shares he still has are in corporations
    that would love to get their hands on our resources. Rio Tinto, Exxon to name a few. Remember how he said that he sold New Zealand shares to prevent conflict of interest, but that he had kept his international shares?

    Again, John Key coming home to sacrifice anything. my a*s

  23. The politics of envy are alive and well eh lads!

    Just remember, if Key is taking a hit, Cullen’s Super Fund and Kiwisaver, both of which you trumpet regularly, are in far worse trouble.

  24. rjs131 24

    Yes i have no doubt the public will see through the facade, its landslide victory time for Darien Fenton in Helensville

  25. mike 25

    He has lots of money – he must be bad.

  26. Jay 26

    And he earned it himself – double smackdown

  27. Occasional Observer 27

    The only viable solution to the problem of John Key having so much money is for the Government to confiscate it from him. While they’re at it, they should confiscate money from anybody who’s richer than Helen Clark. No, wait, that won’t work, because Helen Clark is worth $5 million plus. They should set the bar much lower than that. Alright, confiscate the assets of anybody who’s got more than $1 million, unless they’re in the Labour Party. Because we all know that magically, the Labour Party is full of common blokes and blokettes, irrespective of their wealth, whereas anybody else is out of touch.

    Yes, that’s a good idea. It worked for Mugabe.

  28. higherstandard 28


    Still peddling your conspiracy theories I see – who will you be voting for in the election – is there anyone who you believe is not part of the conspiracy ?

  29. Get stuffed higherstandard,

    People like you are blind while they have eyes to see.
    I don’t do conspiracy theories,I ask questions when the official story doesn’t gel and calling me that is all guys like you have to keep you from seeing the ugly reality, and I’ll be damned if I waste my time trying to convince guys like you. You stay the simple sheeple you are, and eat some more grass, it’s all you’re going to have if John Key gets elected.

    If NZ votes for John Key and the kiwis are stupid enough to fall for Nationals crap again they deserve everything they are going to get.

  30. Draco TB 30

    I can’t actually recall a businessman becoming an effective politician here or elsewhere when you look back from 20 years. I can however remember a number of them that screwed up pretty badly. Italy at present comes to mind.

    A business person is the last person you want leading a country because all they see are the numbers and they forget that there’s real people there as well.

    Can’t find a detailed biography of JK but this isn’t bad.

    The State House John Key Was Not Born In

    JK may not have said that he’s an ordinary bloke but he has tried very hard to give that impression.

  31. Draco TB 31

    dammit – missed an ending blockquote 🙁

    [lprent: added]

  32. ghostwhowalks 32

    The ‘ordinary bloke’ is just PR spin , why else would we hear about the state house and not the houses in London & new York.
    And as for being a financial whizz, he was just a cog in the Merrill Lynch money machine. The sort of bonuses he made are small change by Wall St standards ( back then).
    AS is seen by his lack of candour in run of the mill interviews or being hand held by Bill English on economic policy interviews( un precedented that a possible PM needs a chaperone during an interview).
    Lets not forget he also couldnt even get it right when signing his enrolment form. The statuary declaration says have you lived at this address for at least a month. Only now does he say that future intent is what counts whic is another lie.
    The nonsense behind his evasion is revealed in that you can live anywhere you like to be an MP ( as he does now in parnell, while being MP for helensville( nice irony in that)

  33. insider 33

    Why do some of you consider being an ordinary bloke and extraordinarily successful to be mutually exclusive?


    He may have “just” been a cog, but it is a competitive world and getting to be that cog, as opposed to a tooth, must take some skill and ability. I doubt you or I could do so well.

  34. Chemist Peter 34

    IrishBill says: Just in case you missed it the first time CP, you were banned until the 7th of April. Please refrain from commenting again until then or I will be forced to increase the length of your ban and lock you out.

  35. Draco TB 35

    Why do some of you consider being an ordinary bloke and extraordinarily successful to be mutually exclusive?

    hmmmm… Good question.

    To be honest I think I have more concern about him implying that he is self-made when he had massive state subsidy. Would he, as leader of the National Party, be willing to reintroduce those subsidies so that others in the same position as he was have the same opportunities? I seriously doubt that he would and I have an even greater doubt that the National Party would even if he tried.

  36. Chemist Peter 36

    IB – for what was I bannde for, free speech… Ban me for as long as you like your mob here are just a complete bunch of fuckwits who love closet homosexual leader Helen. Complete wankers and twats…
    Fuckwits, fuckwits.
    [You’ve just shown why you were banned. Make it another week, no more comments till the April 14. SP]

  37. higherstandard 37

    Draco TB

    ‘I can’t actually recall a businessman becoming an effective politician here or elsewhere when you look back from 20 years. I can however remember a number of them that screwed up pretty badly. Italy at present comes to mind.’

    I think you’d have to say as an exmaple that Jim Anderton is an effective politician due to the of legislation he’s got through and his time in parliament and he does have a business background. I’m sure there are a number of other examples in NZ and outside of business people contributing in politics at the highest level.

    The alternative is a never ending parade of academics, lawyers and career politicians surely the larger the array of backgrounds and skills in parliament the better ?

    The continuing demonisation of business people on the Standard buy some posters shows a tendency such as that of Travellereve who sees anyone in (or previously in) business as somehow unclean and only motivated by greed.

  38. Lampie 38

    Depends on what you define as an average Kiwi Bloke. John Key’s perception and mine would be completely different. AG and I would get the jest of it. You Nappy supporters are barking up the wrong tree.

  39. Jay 39

    “If NZ votes for John Key and the kiwis are stupid enough to fall for Nationals crap again they deserve everything they are going to get.”

    Given nationals poll numbers it appears that you hold a significant number of NZer’s in contempt.

  40. yep, and I hope that most of them come around before the election. By the way our lovely landlady blessed with ample money supplies witch I don’t begrudge her at all, thinks the same way. Why, because she uses her (business) brain and her excellent memory, and something most of you seem to lack, her knowledge of how bad it can get in other places in the world were guys like Key get elected. Just imagine a moneyed landlady and her penniless but very happy tenants actually agreeing.

  41. AncientGeek 41

    Poll figures are pretty volatile at present (and quite inaccurate as well). That has been discussed here a number of times, especially the inherent inaccuracies of phone polling in this age.

    Poll trends are more interesting. What was the last one? Movement away from the right and towards the left. I’d expect to see a lot more of that

  42. Razorlight 42


    Blame the method of polling rather than address why people have turned off Labour and lookng for an alternative government. That is kind of like bury ones head in the sand.

  43. AncientGeek 43

    I do blame the method of polling. It inherently distorts the results and the methodology absolutely sucks.

    Look at the first part of my name. I’ve been aware of polls and elections for more than a few decades. I came to the conclusion long ago that there was only one valid poll – the one where the whole voting population goes into the polling booth.

    At this point in the electoral cycles it is fun to blame the g’vmnt for everything. The real poll makes the ability of the replacement government much more of an issue. So far the Nat’s would be hard put to impress anyone with their abilities or policy coherence.

    But please be my guest (jest). Believe that the polls reflect electoral outcomes as much as you like. If it keeps the Nat’s thinking they’ll cruise to victory without putting in the hard yards (like they thought in 2005), I’m all for it.

Recent Comments

Recent Posts

  • Jenny Marcroft MP to represent New Zealand First in Auckland Central
    New Zealand First is pleased to announce Jenny Marcroft as the party’s election 2020 candidate for the Auckland Central electorate. Jenny spent years working in Auckland Central, having spent a vast proportion of her broadcasting career there. She says she, "knows the place and knows the people." Ms Marcroft says ...
    10 hours ago
  • Creating jobs and cleaning up our rivers
    New Zealanders deserve healthy rivers and lakes that are safe to swim in - but they have been getting worse for decades. That's why, with our latest announcement, we're investing in projects that will help clean up our rivers and lakes and restore them to health, within a generation. ...
    1 day ago
  • Jacinda Ardern: 2020 Labour Congress Speech
    Jacinda Ardern's speech to the 2020 Labour Party Congress. ...
    1 day ago
  • Kelvin Davis: 2020 Labour Congress Speech
    Kelvin Davis' speech to the 2020 Labour Party Congress. ...
    1 day ago
  • Week That Was: Another week of major progress
    This week we moved into the second half of 2020 - and our Government delivered another week of big changes and major progress for New Zealanders. Read below for a wrap of the key things moments from the week - from extending paid parental leave, to making major investments in ...
    3 days ago
  • Green Party opposes RMA fast-track bill that cut corners on environmental safeguards and public cons...
    The Green Party has opposed the COVID-19 Recovery Fast-track Consenting Bill which shortcuts normal consenting processes under the Resource Management Act (RMA), reduces public participation and narrows environmental considerations. ...
    4 days ago
  • Site of new freight hub revealed
    Hon Shane Jones, Minister of Regional Economic Development A regional freight hub for the lower North Island will be built just northeast of Palmerston North, Regional Development Minister Shane Jones has announced. The Government is investing $40 million through the Provincial Growth Fund to designate and buy land and design ...
    4 days ago
  • Greens call for Guaranteed Minimum Income to alleviate skyrocketing debt with MSD
    Green Party Co-leader Marama Davidson is calling for the introduction of a Guaranteed Minimum Income to lift hundreds of thousands of people out of poverty and prevent more families entering into further debt with the Ministry of Social Development.  ...
    5 days ago
  • Winston Peters: Facts matter when taxpayer money is on the line
    There has been renewed focus on New Zealand First acting as a handbrake on the Government after our decision to not support Auckland light rail. We are a handbrake for bad ideas, that is true, but our track record since 2017 has seen New Zealand First constructively also serve as an ...
    5 days ago
  • Bill raising minimum residency requirement for NZ Super passes first reading
    Mark Patterson MP, New Zealand First List MP New Zealand First’s Fair Residency for Superannuation Bill passed its First Reading in Parliament today. The Bill makes a significant change to NZ Super by raising the minimum residency requirement from 10 to 20 years, after age 20. “Currently, a migrant of ...
    5 days ago
  • Harsher penalties for assaults on first responders one step closer
    Darroch Ball MP, Spokesperson for Law and Order A New Zealand First member’s bill in the name of Darroch Ball introducing a six-month minimum prison sentence for assaults on first responders has passed its second reading in Parliament. The new offence of "injuring a first responder or corrections officer with ...
    5 days ago
  • Criminal Cases Review Commission delivers Coalition promise
    Fletcher Tabuteau MP, Deputy Leader of New Zealand First New Zealand First welcomes the launch of the new Criminal Cases Review Commission, gifted with the name from Waikato-Tainui - Te Kāhui Tātari Ture, announced in Hamilton today by Justice Minister Andrew Little. “New Zealand First has long believed in and ...
    5 days ago
  • Greens welcome huge new investment in sustainable projects
    The Green Party is celebrating over $800m in new funding for green projects, which will get people into jobs while solving New Zealand’s long-term challenges. ...
    6 days ago
  • New Zealand First demands answers from Meridian Energy
    Mark Patterson MP, Spokesperson for Primary Industries New Zealand First is appalled that Meridian seems to have been unnecessarily spilling water from its dams to drive up its profits."While New Zealanders have been coming together in some of our darkest hours, we don’t expect power gentailers to waste water and ...
    6 days ago
  • Getting New Zealand moving again: June 2020
    We wrapped up the first half of 2020 with a busy month, taking additional steps to support New Zealanders as we continue with our economic recovery. We rolled out targeted packages to support key industries like tourism and construction, helped create jobs in the environmental and agriculture sectors, and set ...
    6 days ago
  • Māori union leader appointed to Infrastructure Commission board
    Hon Shane Jones, Minister for Infrastructure Infrastructure Minister Shane Jones has welcomed the appointment of Maurice Davis and his deep infrastructure and construction experience to the board of the Infrastructure Commission. Mr Davis (Ngāti Maniapoto), is the seventh and final appointment to the board led by former Reserve Bank Governor ...
    7 days ago
  • Click-bait journalism at its worst
    Rt Hon Winston Peters, Leader of New Zealand First New Zealand’s click bait journalism is taking a turn for the worse, with yet another example of sensationalist, wilful-misrepresentation of the facts. “New Zealand First has worked constructively with its Coalition partner on hundreds of pieces of legislation and policy, and ...
    7 days ago
  • Green Party proposes transformational Poverty Action Plan
    The Green Party is today unveiling its Poverty Action Plan, which includes a Guaranteed Minimum Income to ensure people have enough to live with dignity.     ...
    1 week ago
  • PGF accelerates Rotorua projects
    Rt Hon Winston Peters, Deputy Prime Minister Fletcher Tabuteau MP, Under-Secretary for Regional Economic Development The Rotorua Museum redevelopment and Whakarewarewa and Tokorangi Forest projects will be accelerated thanks to a $2.09 million Provincial Growth Fund (PGF) boost, Deputy Prime Minister Winston Peters and Under-Secretary for Regional Economic Development Fletcher ...
    1 week ago
  • Week That Was: Getting people into jobs
    This week, we rolled out the next steps of our recovery plan, with new infrastructure investment, extra support for tourism operators, and a new programme to get Kiwis into agriculture careers. The global economic consequences of COVID-19 will continue to be a challenge, but we have a detailed plan to ...
    1 week ago
  • Coalition commitment establishing Mental Health Commission delivered
    Jenny Marcroft MP, Spokesperson for Health New Zealand First welcomes the passage of the Mental Health and Wellbeing Commission Bill through its final reading in Parliament today fulfilling a coalition agreement commitment. “This is an important step in saving the lives of New Zealanders and delivers a key coalition commitment ...
    1 week ago
  • Whakatāne gets a $2.5m ‘turbo boost’
    Whakatāne has been given a $2.5 million boost to speed up previously funded projects and create more than 450 jobs in the next decade. Of those, the equivalent of 160 full-time jobs could be delivered in the next six weeks. Deputy Prime Minister Winston Peters is in town to make ...
    1 week ago
  • $2.5m PGF funding to speed up economic recovery in Whakatāne
    Rt Hon Winston Peters, Deputy Prime Minister Fletcher Tabuteau MP, Under-Secretary for Regional Economic Development The Provincial Growth Fund (PGF) is investing $2.5 million to accelerate three infrastructure projects in Whakatāne, Deputy Prime Minister Winston Peters and Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today. “This package is about ...
    2 weeks ago
  • Shane Jones calls out those holding drought-stricken Auckland ‘to ransom’ over water
    Infrastructure Minister Shane Jones is throwing his weight behind a bid by the Auckland Council to fast-track the more than doubling of the city's water allowance from the Waikato River. And he's coming out strongly against anyone who plans on getting in the way of this campaign. "It is my ...
    2 weeks ago
  • Another Green win as climate change considerations inserted into the RMA
    The Green Party is thrilled to see changes to the Resource Management Act (RMA) that mean consents for large projects can be declined if they will have significant climate change implications that are inconsistent with the Zero Carbon Act and Aotearoa New Zealand’s Paris Agreement obligations.  ...
    2 weeks ago
  • New Navy vessel Aotearoa to arrive in New Zealand
    Hon Ron Mark, Minister of Defence The Royal New Zealand Navy’s new ship, Aotearoa, set sail for New Zealand on 10 June from the Republic of Korea, and is due to arrive in Auckland tomorrow, announced Minister of Defence Ron Mark. “Aotearoa is the Royal New Zealand Navy’s new fleet ...
    2 weeks ago
  • Racing Industry Bill passes third reading
    Rt Hon Winston Peters, Deputy Prime Minister, Minister for Racing Racing Minister Winston Peters has today welcomed the Racing Industry Bill passing its third reading, creating the legislative framework for revitalising the racing industry while limiting the need for future government intervention. “For too long our domestic racing industry has ...
    2 weeks ago
  • Green Party seek amendment to ensure all prisoners can vote
    The Green Party has today put forward an amendment to the Electoral (Registration of Sentenced Prisoners) Amendment Bill to ensure all people in prisons can vote in general elections. ...
    2 weeks ago
  • Green Party welcomes new approach to delivering light rail
    The Green Party welcomes the decision to not proceed with Public Public Investment (PPI) delivery of Auckland’s light rail project and to instead run the process through the public service. ...
    2 weeks ago
  • New Zealand First welcomes PGF investment in Wairarapa Water
    Hon Ron Mark, New Zealand First List MP based in the Wairarapa New Zealand First List MP Hon Ron Mark welcomes the announcement of Provincial Growth Funding investment of $1.4 million to help secure the Wairarapa’s water supply. The funding boost will allow the Greater Wellington Regional Council (GWRC), and ...
    2 weeks ago
  • New Zealand First MP Mark Patterson selected as candidate for Taieri
    New Zealand First list MP Mark Patterson has been selected to represent the party in the newly formed Taieri electorate at the upcoming election. Mr Patterson, his wife Jude and two daughters farm sheep and beef at Lawrence and Waitahuna. He previously stood in the Clutha-Southland electorate however boundary changes ...
    2 weeks ago
  • Ground-breaking on NZ Post depot
    Hon Shane Jones, Associate Minister for State Owned Enterprises A new ‘super depot’ to be built for NZ Post in Wellington will create around 350 jobs during construction, Associate Minister for State Owned Enterprises Shane Jones says. Shane Jones today attended a ground-breaking and blessing ceremony for the parcel-processing depot ...
    2 weeks ago
  • Week That Was: Putting our economic plan into action
    Our strong economic management prior to COVID-19 - with surpluses, low debt and near-record-low unemployment - put us in a good position to weather the impact of the virus and start to rebuild our economy much earlier than many other countries. Now we're putting our plan to recover and rebuild ...
    2 weeks ago
  • Fleeing drivers hit new record-high yet again
    Darroch Ball MP, New Zealand First Spokesperson for Law and Order Recently released Police fleeing driver statistics have shown yet another increase in incidents with another record-high in the latest quarter. “This new quarterly record-high is the latest in a string of record-high numbers since 2014.  The data shows incidents ...
    2 weeks ago
  • Fletcher Tabuteau selected as candidate for Rotorua
    New Zealand First MP Fletcher Tabuteau is pleased to be confirmed today as the party’s candidate for the Rotorua electorate. Speaking at the Rotorua AGM for New Zealand First, Mr Tabuteau said this is an election that is incredibly important for the people of Rotorua. “The founding principles of New ...
    2 weeks ago
  • Greens call for Government office to address Rainbow issues following Human Rights Commission report
    The Human Rights Commission’s PRISM report on the issues impacting people based on their sexual orientation, gender identity and expression, and sex characteristics (SOGIESC) provides an excellent programme of work for future governments to follow, say the Greens. ...
    2 weeks ago
  • Winston Peters continues push for trans-Tasman travel as military take control of operations
    Foreign Affairs Minister Winston Peters said the trans-Tasman bubble had not been jeopardised after a border botch-up resulted in New Zealand having two active cases of COVID-19. On Friday, Mr Peters told RNZ's Morning Report he had heard from Australian Prime Minister Scott Morrison that borders for trans-Tasman travel would open by ...
    2 weeks ago
  • Winston Peters on the Government’s Covid-19 border blunder
    Deputy Prime Minister Winston Peters said today he was pleased the army was now running the quarantine and isolation process - up until now it has been the Ministry of Health. Peters told Newstalk ZB's Mike Hosking that the army knew how to introduce and follow protocols and instil discipline. ...
    3 weeks ago
  • New Zealand First’s Ron Mark confirms bid for the Wairarapa seat
    Hon Ron Mark, New Zealand First List MP based in the Wairarapa New Zealand First MP and Minister for Defence and Veteran’s Affairs Ron Mark has confirmed his bid for the Wairarapa seat.“The Coalition Government has done a lot of good work throughout the Wairarapa, but many constituents have told ...
    3 weeks ago
  • New Zealand First welcomes second tranche of candidates
    New Zealand First is pleased to release the names of its next tranche of candidates for the 2020 election. We’re proud to announce these hardworking New Zealanders that have put their hand up to fight for a commonsense and resilient future.Jamie Arbuckle – Kaikoura Mark Arneil – Christchurch Central Jackie ...
    3 weeks ago

  • Keeping ACC levies steady until 2022
    The Government is maintaining current levy rates for the next 2 years, as part of a set of changes to help ease the financial pressures of COVID-19 providing certainty for businesses and New Zealanders, ACC Minister Iain Lees-Galloway says. “New Zealanders and businesses are facing unprecedented financial pressures as a ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Extended loan scheme keeps business afloat
    Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small Business Minister Stuart Nash says it will be ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New investment creates over 2000 jobs to clean up waterways
    A package of 23 projects across the country will clean up waterways and deliver over 2000 jobs Prime Minister Jacinda Ardern and Environment Minister David Parker announced today. The $162 million dollar package will see 22 water clean-up projects put forward by local councils receiving $62 million and the Kaipara ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Speech to Labour Party Congress 2020
    Tena koutou katoa  Nga tangata whenua o tenei rohe o Pōneke, tena koutou Nau mai, haere mai ki te hui a tau mo te roopu reipa Ko tatou!  Ko to tatou mana!  Ko to tatou kaupapa kei te kokiri whakamua  Tena koutou, tena koutou, tena tatou katoa   Welcome. I ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • PGF top-up for QE Health in Rotorua
    The Provincial Growth Fund (PGF) is investing $1.5 million to ensure QE Health in Rotorua can proceed with its world class health service and save 75 existing jobs, Under Secretary for Regional Economic Development, Fletcher Tabuteau announced today. The PGF funding announced today is in addition to the $8 million ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Building a more sustainable construction sector
    A new programme, which sets a firm course for the Building and Construction sector to help reduce greenhouse gas emissions, has been announced by the Minister for Building and Construction Jenny Salesa. “A significant amount of New Zealand’s carbon emissions come from the building and construction sector.  If we’re serious ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • PGF funds tourism boost in Northland
    The Provincial Growth Fund is investing more than $7.5 million in Northland ventures to combat the economic impact of the COVID-19 virus, Deputy Prime Minister Winston Peters and Regional Economic Development Minister Shane Jones have announced. The Provincial Growth Fund (PGF) investment is going to the Northern Adventure Experience and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Four new projects announced as part of the biggest ever national school rebuild programme
    Prime Minister Jacinda Ardern and Education Minister Chris Hipkins today announced significant funding for Auckland’s Northcote College as part of the first wave of a new nationwide school redevelopment programme to upgrade schools over the next 10 years. The $48.5 million project brings the total investment in Northcote College to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • COVID-19: Support to improve student attendance and wellbeing
    The Government has opened an urgent response fund to support schools and early learning services to get children and young people back on track after the Covid-19 lockdown. “While we are seeing improvements in attendance under Alert Level 1 Ministry of Education data shows that attendance rates in our schools ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Fast-track consenting law boosts jobs and economic recovery
    The law to boost the economic recovery from the impact of COVID-19 by speeding up resource consenting on selected projects has passed its second and third readings in the House today. “Accelerating nationwide projects and activities by government, iwi and the private sector will help deliver faster economic recovery and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Whanganui Port gets PGF boost
    Five port-related projects in Whanganui will receive a $26.75 million Provincial Growth Fund investment to support local economic recovery and create new opportunities for growth, Regional Economic Development Minister Shane Jones announced today. “This is a significant investment that will support the redevelopment of the Whanganui Port, a project governed ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • More support for Sarjeant Gallery
    Whanganui’s Sarjeant Gallery will receive an investment of up to $12 million administered by the Provincial Growth Fund to support its redevelopment, Regional Economic Development Minister Shane Jones announced today. The project is included in a $3 billion infrastructure pipeline announced by Finance Minister Grant Robertson and Shane Jones yesterday. ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Funding for training and upskilling
    The Provincial Growth Fund is investing nearly $2.5 million into three Te Ara Mahi programmes to support Manawatū-Whanganui jobseekers and employees to quickly train and upskill, Regional Economic Development Minister Shane Jones announced today. “Up to 154 local people will be supported into employment within the first year by these ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Statement from the Minister of Health Dr David Clark
      This morning I have formally tendered my resignation as Minister of Health, which was accepted by the Prime Minister. Serving as Minister of Health has been an absolute privilege – particularly through these extraordinary last few months. It’s no secret that Health is a challenging portfolio. I have given ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Scholarship placements for agricultural emissions scientists doubles
    Scholarships for 57 early-career agricultural emissions scientists from 20 developing countries is another example of New Zealand’s international leadership in primary sector sustainability, says Agriculture Minister Damien O’Connor. Mr O’Connor, announcing the scholarships today, says hundreds of applications were received for this fourth round of the CLIFF-GRADS programme (Climate, Food ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Funding for Foxton regeneration
    A project to help rejuvenate the Horowhenua town of Foxton will receive a Provincial Growth Fund investment of $3.86 million, Regional Economic Development Minister Shane Jones announced today. “This funding for the Foxton Regeneration project will be used to make the well-known holiday town even more attractive for visitors and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Plan to improve protection of moa bones
    Moa bones and other sub-fossil remains of extinct species are set to have improved protection with proposals to prevent the trade in extinct species announced the Minister of Conservation Eugenie Sage today. “We have lost too many of our native species, but these lost species, such as moa, remain an ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Free lunches served up to thousands of school children in the South Island
    The Government’s free and healthy school lunches programme moves south for the first time creating jobs for around 30 people in Otago and Southland. “Eighteen schools with 3000 students are joining the programme – 11 have already begun serving lunches, and seven are preparing to start during Term 3. This is ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Screen Sector recovery package protects jobs, boosts investment
    Thousands of Kiwi jobs and investment in New Zealand productions will be protected through a screen sector support package announced today by Associate Minister for Arts Culture and Heritage Carmel Sepuloni, Minister for Economic Development Phil Twyford and Minister for Broadcasting Kris Faafoi. The package also includes investment in broadcasting ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New fund to help save local events and jobs
    The Government has established a new $10 million fund for the domestic events sector to help save jobs and protect incomes as it recovers from the impacts of COVID-19, Minister of Economic Development Phil Twyford announced today. This funding from Budget 2020 follows talks with the event sector designed to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bill to improve fuel market competition
    The Government has taken another step in its commitment to making sure New Zealanders get a fairer deal at the petrol pump with the introduction of legislation to improve competition in the retail fuel market, says Energy and Resources Minister Megan Woods. “The fuel market study that this Government ordered ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand joins global facility for pre-purchase of COVID-19 Vaccine
    New Zealand has joined a global initiative that aims to enable all countries to access a safe and effective Covid-19 vaccine, Foreign Affairs Minister Winston Peters announced today. The COVAX Facility was recently launched by Gavi, the Vaccine Alliance. The Alliance includes the World Health Organization, UNICEF, the World Bank ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Right to legal representation in Family Court restored today
    From today new legislation takes effect to both restore the right to legal representation at the start of a Care of Children (CoCA) dispute in the Family Court, and allow parties to those proceedings to access legal aid where eligible. During a visit to the Family Court in Auckland today, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Transitioning to a fully-qualified home-based ECE workforce
    Home-based early childhood education (ECE) subsidised by the government will transition to a fully qualified workforce by 2025 to ensure better and more consistent quality, Education Minister Chris Hipkins announced today. “Quality early learning helps provide children with a strong foundation for their future,” Chris Hipkins said. From 1 January ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Criminal Cases Review Commission gets to work
    The new Criminal Cases Review Commission | Te Kāhui Tātari Ture (CCRC) has started work and can now independently investigate claimed miscarriages of justice. “Even though we have appeal rights and safeguards against unsafe convictions, from time to time our justice system does get things wrong. The design of the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech by the Minister of Defence to the New Zealand Institute of International Affairs
    E ngā mana, e ngā reo, e ngā karangatanga maha, tēnā koutou Ki a koutou Te Āti Awa, Taranaki Whānui, Ngāti Toa Rangatira, ngā mana whenua o te rohe nei, tēnā koutou Ko Te Whare Wānanga o Aotearoa ki ngā take o te Ao (NZIIA), Ko te Rōpū Tohu Tono ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Six months with baby and $20 more a week for new parents
    The Government’s increase to paid parental leave kicks in today with another 4 weeks taking New Zealand up to a full 6 months (26 weeks, up from 22 weeks) leave for new parents, and the maximum weekly payment will increase by $20pw, Workplace Relations and Safety Minister Iain Lees-Galloway says. ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Infrastructure investment to create jobs, kick-start COVID rebuild
    A new package of infrastructure investments will help kick-start the post-COVID rebuild by creating more than 20,000 jobs and unlocking more than $5 billion of projects up and down New Zealand. Finance Minister Grant Robertson and Infrastructure Minister Shane Jones today outlined how the $3 billion infrastructure fund in the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Statement on passage of national security law for Hong Kong
    Foreign Affairs Minister Winston Peters today expressed the New Zealand Government’s deep disappointment at the passage by China’s National People’s Congress Standing Committee of a national security law for Hong Kong. “New Zealand has consistently emphasised its serious concern about the imposition of this legislation on Hong Kong without inclusive ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • July 1 marks progress for workers, families
    More jobs and more family time with newborns are the centrepiece of a suite of Government initiatives coming into effect today. July 1 is a milestone day for the Government as a host of key policies take effect, demonstrating the critical areas where progress has been made. “The Coalition Government ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Auckland water consent referred to Board of Inquiry
    Environment Minister David Parker has today “called in” Auckland’s application to the Waikato Regional Council to take an extra 200 million litres of water a day from the lower reaches of the Waikato River for Auckland drinking water and other municipal uses.  The call-in means the application has been referred ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Zealand to host virtual APEC in 2021
    Foreign Affairs Minister Winston Peters and Trade and Export Growth Minister David Parker announced today that New Zealand’s hosting of APEC in 2021 will go ahead using virtual digital platforms. Mr Peters said the global disruption caused by COVID-19, including resultant border restrictions, had been the major factor in the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Matakana Link Road construction kicks off and drives jobs
    The start of construction on a new link road between Matakana Road and State Highway 1 will create jobs and support the significant population growth expected in the Warkworth area, Transport Minister Phil Twyford and Mayor Phil Goff announced today. Transport Minister Phil Twyford said construction of the Matakana Link ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • PPE supplies secured as COVID-19 response focuses on border
    The Government is prioritising its latest investment in PPE for frontline health workers, including staff at managed isolation and quarantine facilities, Health Minister David Clark says. “With no community transmission of COVID-19 our response now has a firm focus on keeping our border safe and secure. “We must ensure that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • PGF funding for Parihaka settlement
    The Parihaka Papakāinga Trust in Taranaki will receive up to $14 million for a new visitor centre and other improvements at the historic settlement that will boost the local economy and provide much-needed jobs, Regional Economic Development Minister Shane Jones and Minister for Treaty of Waitangi Negotiations Andrew Little have ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Protections for workers in triangular employment
    Protections for workers who are employees of one employer but working under the direction of another business or organisation have come into force, closing a gap in legislation that  made the personal grievance process inaccessible for some workers, says Workplace Relations Minister Iain Lees-Galloway. “This Government is working hard to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government strengthens managed isolation system
    A range of improvements are already underway to address issues identified in the rapid review of the Managed Isolation and Quarantine system released today, Housing Minister Megan Woods said. The review was commissioned just over a week ago to identify and understand current and emerging risks to ensure the end-to-end ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Whakatāne to go predator free with Government backing Ngāti Awa led efforts
    The important brown kiwi habitat around Whakatāne will receive added protection through an Iwi-led predator free project announced by Minister of Conservation Eugenie Sage and Under Secretary for Regional Economic Development Fletcher Tabuteau. “The Government is investing nearly $5 million into Te Rūnanga o Ngāti Awa’s environmental projects with $2.5 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Growing Goodwood: Expanding wood waste recycling plant in Bay of Plenty, Waikato
    An extra 4,000 tonnes of offcuts and scraps of untreated wood per year will soon be able to be recycled into useful products such as horticultural and garden mulch, playground safety surfacing and animal bedding as a result of a $660,000 investment from the Waste Minimisation Fund, Associate Environment Minister ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Scott Watson’s convictions to be referred to Court of Appeal
    The Governor-General has referred Scott Watson’s convictions for murder back to the Court of Appeal, Justice Minister Andrew Little announced today. Mr Watson was convicted in 1999 of the murders of Ben Smart and Olivia Hope. His appeal to the Court of Appeal in 2000 was unsuccessful, as was his ...
    BeehiveBy beehive.govt.nz
    1 week ago