Public want banks pulled into line

Written By: - Date published: 1:00 pm, May 5th, 2009 - 29 comments
Categories: workers' rights - Tags:

banks220Last week I posted on Finsec’s petition to make job protection a condition of the Government’s bank guarantees. Today Finsec are delivering that petition to Parliament, along with more than 10,000 signatures in support. Great stuff to all of you who signed the sheet and sent it in.

The union’s position is pretty simple. At a time when banks are making combined profits in excess of $2.5 billion and CEOs recieve salary packages of more than $2 million each, there’s no excuse for banks to continue to cut jobs and offshore work while receiving taxpayer assistance.

And New Zealanders agree. A UMR poll released today shows 79% of Kiwis want job protection to become a condition of bank guarantees. No surprise really when you consider that already this year close to 1000 jobs have been offshored.

So now the ball’s in the Government’s court. Will they step in and Kiwi protect jobs, or will they keep propping up foreign banks while allowing them to outsource our jobs to low wage countries?

29 comments on “Public want banks pulled into line ”

  1. Pat 1

    The bank guarantees were set up in necessary haste by Cullen. They guarantee depositors for 2 years, and it saved the collective arses of every finance institution in the country. In all the contingent liability is enough to sink NZ to the bottom of the ocean.

    Unfortunately because of the haste and lack of bi-partisan approach in the middle of an election campaign, there were no riders attached. I’m not sure what can be done to add extra conditions to the guarantees retrospectively, but I am all for calls for English to bring some pressure to bear on the Banks to play their vital part in the recession. So far the Banks sole focus is on preserving their credit ratings, nothing else.

    Finsec focus is soley on jobs, and fair enough. But what about all the other things the Banks should be doing right now:

    1. Interest rates. OCR dropped 0.50% last week, but not a single Bank has dropped their floating rates. This is profiteering at its worst. It’s been happening since the first OCR drop last year. http://www.oregon.co.nz/ocr-cut-to-250/

    2. Flow of credit. Despite their faux protests to the contrary, the Banks have basically shut up shop. Businesses and farmers are feeling it the worst. We can’t get out of a recession when the Banks risk appetite is so negative. Without a flow of credit, eventually all that happens is that the Banks worst predictions for the economy become a self-fulfilling prophecy

    3. Break fees. So much variance between the Banks, and the formulas are so complex it reeks of a Baffle-Them-With-Bullshit policy. This needs a simple and transparent system adopted industry wide.

    So by all means, let’s have a go at the Banks and demand more for saving their butts. Jobs is just one part of it, IMO.

    • Kevin Welsh 1.1

      New Zealanders are being gouged big time by the banks at the moment. For example, in Australia, their OCR if .5% higher than New Zealand but their floating mortgage rates are .5% to .75% cheaper than New Zealand.

      In Alan Bollards statement last Thursday the exasperation was pretty hard to miss. I do not know what he can do to force the banks hands, and I doubt very much whether NACT would do anything about it, even if they have the means at their disposal.

      I guess the Kiwi Experiment continues…

  2. had enough 2

    Why do you think overseas companies should not be able to out-source jobs seeing they come from overseas anyway?

    • Tane 2.1

      The fact they’re operating in our country and being propped up by our taxpayer guarantees might have something to do with it.

    • Eddie 2.2

      They’re Australian-owned but they’re not overseas companies like, say, Microsoft is. They have been in this country for a very long time and used to be domestically-owned.

  3. Con 3

    Ironic that in Australia, the ANZ is planning to outsource jobs to a low-wage country: New Zealand.

    http://www.abc.net.au/news/stories/2009/03/24/2524936.htm

  4. Trevor Mallard 4

    They are only profitable because of the guarantees – which will have to be renewed next year. a signal now of a policy change would be helpful.

    • lukas 4.1

      shouldn’t you be paying more attention to question time? How many withdraws did you have to make today?

  5. Yeswecan 5

    The public do not give a toss about Finsec jobs, the public want the banks to lower credit card rates, lower mortgage rates and lower bank charges.

    If some staff have to lose their jobs then tough luck, nobody cares about union hacks or the moaning of Finsec.

    • Tane 5.1

      What is it that you fail to understand about the sentence “A UMR poll released today shows 79% of Kiwis want job protection to become a condition of bank guarantees”?

      Sounds like you’re the one who’s out of touch with public opinion.

      • Yeswecan 5.1.1

        And I should trust a poll commissioned by Finsec should I?

        People lose jobs in a recession, hell we should be used to it by now, after all it was that fiscal fool Cullen who led us into recession before any other nation in the world.

        A fair poll would show that people want lower mortgage rates and lower credit card rates, most would not give a second thought to job security for Finsec members, I could not care how many lost their jobs just as long as I save money.

        • Tane 5.1.1.1

          The poll is commissioned by Finsec but run by UMR, a professional and reputable polling company with a long list of commercial clients.

          You might not care how many people have lost their jobs, but clearly the public do. And that’s what this post was about. Anything else?

          • Yeswecan 5.1.1.1.1

            “with a long list of commercial clients.”

            Appointed by the last Labour government.

            UMR are hardly fair and balanced, like every polling company they will ask the questions that elicit the answers those paying for the poll want.

            Did they ask “would you rather jobs were saved of lower mortgage rates”?, somehow I doubt it.

            Lets face it Tane, unions and the union movement are powerless to stop any of this, one would hope that the fools who pay their own hard earned money to union thugs will now see that they get nothing in return for that money and that they would be far better to negotiate on their own behalf instead of paying some union parasite to do it for them.

          • Tane 5.1.1.1.2

            It’s well known that Labour’s a client. There are plenty more.
            http://www.umr.co.nz/Clients_NZ.php

            In the economic structure we have you’re right that Finsec can’t stop these job cuts industrially. But they can do so politically, and they have the public’s support. So what’s your problem?

  6. Yeswecan 6

    My problem Tane is that as per usual the unions have not told the truth, I can organise and pay for a poll tomorrow that will give you the complete opposite of the results you claim prove that the public care about bank workers.

    The public care about paying the mortgage, they care about feeding their kids, they care about being over taxed (thanks to Cullen and Clarke) and they care about keeping their own jobs.

    Fincec organised this poll to bolster their own flagging fortunes, they organised it to try and scare more mugs into paying union dues.

    • Tane 6.1

      So your argument boils down to “I don’t like unions, the public don’t care, aren’t UMR a pack of dicks”?

      • Yeswecan 6.1.1

        Stumped for a decent reply are you Tane?

        My argument “boils” down to the lies Unions continue to tell and the sheer dishonestly of this poll.

        The left have to take the blame for the hardening attitude of so many “middle” Kiwi’s, when you have been financially raped by Labour for the last nine years they start to think about number one rather than their neighbours.

        • Tane 6.1.1.1

          Um, your argument boils down to an ad hominem attack that says UMR is dishonest. I don’t buy that. The question was clear, UMR’s methodology is sound. The rest is just that giant chip on your shoulder.

          • Yeswecan 6.1.1.1.1

            More lies Tane, I did not say that UMR are dishonest, I said that they were more than likely to tailor their questions to elicit the response those commissioning the poll wanted.

            Perhaps you see the weakness in your argument, if it came down to a choice between keeping jobs or lower mortgage rates I think the lower mortgage rates would win hands down.

            [lprent: Bad idea to abuse moderators on their own site. You of all people should know that (unless you wish to invoke the self-martyrdom clause of the policy). Skip the first 3 words next time.]

          • Tane 6.1.1.1.2

            Semantics. You’re calling UMR dishonest.

            As for your other argument, you haven’t demonstrated that this is the choice at stake.

            The banks are making healthy profits at our expense. What makes you think sending jobs overseas will lead to lower mortgage rates? It hasn’t so far.

    • jerry 6.2

      Actually the most recent poll I’ve seen says the majority of the public are not that fussed about tax cuts if it means they come at the cost of current public services.

      I also don’t see why you find it strange that the public would want a bit of quid pro quo on the back of the government providing them with some security.

  7. Yeswecan 7

    And these finsec workers (or ex finsec workers) can get a job here

    http://www.radionz.co.nz/news/stories/2009/05/05/1245af6bb6df

  8. Yeswecan 8

    Duh…Banks are supposed to make a profit Tane, it’s how they manage to pay their employees.

    Keeping jobs in NZ is not going to get bring rates down either, send 99% of them off shore if it brings the rates down.

    • jerry 8.1

      Using that logic we should be able to get better rates from those banks that have a minimal presence in the local market eg HSBC, Bank Direct etc etc ….. do you know if this is the case ?

  9. Anthony Karinski 9

    Nationalise the banks. The government is more than capable of running them. In fact from the general public’s perspective they would probably be better at it than the private banks.

    Instead of having a debt fueled economy where financial entities generate credit out of nothing (propped up by the government through the central bank anyways) and use it to skim money off the real economy, we would be better off with the government taking on that responsibility. At least they could put the money back where it belongs. We would then stop some of the upwards transfer of wealth and assets from the working to those generating credit – who in many ways are nothing more than parasites sucking the real economy dry.

    So asset prices would probably drop as credit is reigned in compared to the folly of the schemes developed by bankers around the world in the last decade. But at least most people would own their own homes.

    • jerry 9.1

      Where’s the money going to come from to Nationalise the banks …. or are you suggesting we just tell the Australian owners that they belong to us and to fuck off ?

  10. SBlount 10

    Karinski,

    It is bank credit that makes it possible to lift ourselves out of the circumstances we are born to. It is a common adage in business that if you need capital to start or grow a business, bank money is the best money. If you go for private capital it is usually at the expense of shares and control, bank money comes at the cost of interest but you keep all the shares and control. How does the average working family build/buy a house without credit? How do you open a shop without credit?

    There are some bad precedents for government owned banks, wherein credit is extended to inappropriate people for political purposes.

  11. Anthony Karinski 11

    I’m not suggesting we don’t need banks. We do. Neither that government run banks will be perfect. But they’re likely to work better for the majority of people i.e those working for a living instead of those deriving their income from assets or capital (which is often accumulated by stripping those working of their real assets after the burst of a debt bubble). The latter are in effect making their living by accruing a percentage of the earnings from those working and producing real wealth. Not only are they feeding off the real economy, they’re also creating the credit they extend and make their living out of from pretty much nothing. Free money.

    Government could go about this by setting up their own parallel banking system and pulling the guarantees they now provide for privately owned banks. I think I know where most people and businesses would take their custom.

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    More Than A FeildingBy David Slack
    1 week ago
  • Hipkins is still useless
    The big problem with the last Labour government was that they were chickenshits who did nothing with the absolute majority we had given them. They governed as if they were scared of their own shadows, afraid of making decisions lest it upset someone - usually someone who would never have ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Exercising with the IDF.
    This morning I did something I seldom do, I looked at the Twitter newsfeed. Normally I take the approach of something that I’m not sure is an American urban legend, or genuinely something kids do over there. The infamous bag of dog poo on the front porch, set it on ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Helm Hammerhand Anime: First Pictures and an Old English ‘Hera’
    We have some news on the upcoming War of the Rohirrim anime. It will apparently be two and a half hours in length, with Peter Jackson as Executive Producer, and Helm’s daughter Hera will be the main character. Also, pictures: The bloke in the middle picture is Freca’s ...
    1 week ago
  • Farmers get free pass on climate AND get subsidies
    The cows will keep burping and farting and climate change will keep accelerating - but farmers can stop worrying about being included in the ETS. Photo: Lynn Grieveson / The KākāTL;DR: My six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty on Wednesday, June 12 were:The ...
    The KakaBy Bernard Hickey
    1 week ago
  • Six ideas to secure Te Huia’s Future
    This is a guest post by our friend Darren Davis. It originally appeared on his excellent blog, Adventures in Transitland, which features “musings about public transport and other cool stuff in Aotearoa/ New Zealand and around the globe.” With Te Huia now having funding secure through to 2026, now is ...
    Greater AucklandBy Darren Davis
    1 week ago
  • The methane waka sinks
    In some ways, there may be less than meets the eye to the Government announcement yesterday that the He Waka Eke Noa proposal for farmers to pay for greenhouse gas emissions has been scrapped. The spectre of farmers still having to pay at some point in the future remains. That, ...
    PolitikBy Richard Harman
    1 week ago
  • At a glance – Does positive feedback necessarily mean runaway warming?
    On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
    1 week ago
  • Climate Change: Farmers get what they wanted – for now
    Since entering office, National has unravelled practically every climate policy, leaving us with no effective way of reducing emissions or meeting our emissions budgets beyond magical thinking around the ETS. And today they've announced another step: removing agriculture entirely. At present, following the complete failure of he waka eka noa, ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Presumed Innocent?
    The blue billionaireDistraction no interactionOr movement outside these glazed over eyesThe new great divideFew fight the tide to be glorifiedBut will he be satisfied?Can we accept this without zoom?The elephant in the roomNot much happens in politics on a Monday. Bugger all in fact. Although yesterday Christopher Luxon found he ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Gordon Campbell on our doomed love affair with oil and gas
    What if New Zealand threw a fossil fuel party, and nobody came? On the weekend, Resources Minister Shane Jones sent out the invitations and strung up the balloons, but will anyone really want to invest big time in resuming oil and gas exploration in our corner of the planet? Yes, ...
    WerewolfBy lyndon
    1 week ago
  • Building better housing insights
    This is a guest post by Meredith Dale, senior urban designer and strategist at The Urban Advisory. There’s a saying that goes something like: ‘what you measure is what you value’. An RNZ article last week claimed that Auckland was ‘hurting’ because of a more affordable supply of homes, particularly townhouses ...
    Greater AucklandBy Guest Post
    1 week ago
  • Putin would be proud of them
    A Prime Minister directs his public service to inquire into the actions of the opposition political party which is his harshest critic. Something from Orban's Hungary, or Putin's Russia? No, its happening right here in Aotearoa: Prime Minister Christopher Luxon has announced the Public Service Commission will launch an ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Resources for debunking common solar and wind myths
    This is a repost from a Yale Climate Connections article by SueEllen Campbell published on June 3, 2024. The articles listed can help you tell fact from fiction when it comes to solar and wind energy. Some statements you hear about solar and wind energy are just plain false. ...
    1 week ago
  • Juggernaut
    Politics were going on all around us yesterday, and we barely noticed, rolling along canal paths, eating baguettes. It wasn’t until my mate got to the headlines last night that we learned there had been a dismayingly strong far right result in the EU elections and Macron had called a ...
    More Than A FeildingBy David Slack
    1 week ago
  • Numbers Game.
    Respect Existence, Or Expect Resistance? There may well have been 50,000 pairs of feet “Marching For Nature” down Auckland’s Queen Street on Saturday afternoon, but the figure that impresses the Coalition Government is the 1,450,000 pairs of Auckland feet that were somewhere else.IN THE ERA OF DRONES and Artificial Intelligence, ...
    1 week ago
  • Media Link: AVFA on post-colonial blowback.
    Selwyn Manning and I discuss varieties of post colonial blowback and the implications its has for the rise of the Global South. Counties discussed include Palestine/Israel, France/New Caledonia, England/India, apartheid/post-apartheid South Africa and post-colonial New Zealand. It is a bit … Continue reading ...
    KiwipoliticoBy Pablo
    1 week ago
  • Policy by panic
    Back in March, Ombudsman Peter Boshier resigned when he hit the statutory retirement age of 72, leaving the country in the awkward (and legally questionable) position of having him continue as a temporay appointee. It apparently took the entire political system by surprise - as evinced by Labour's dick move ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • PSA: NZ's Richest Company, Zuru, Sucks
    Hi,Today the New Zealand press is breathlessly reporting that the owners of toy company Zuru are officially New Zealand’s wealthiest people: Mat and Nick Mowbray worth an estimated $20 billion between them.While the New Zealand press loses its shit celebrating this Kiwi success story, this is a Webworm reminder that ...
    David FarrierBy David Farrier
    1 week ago
  • Bernard's Dawn Chorus and pick 'n' mix for Monday, June 10
    TL;DR: The six things to note in Aotearoa-NZ’s political economy around housing, climate and poverty in the past day to 8:36 pm on Monday, June 10 were:20,000 protested against the Fast-track approval bill on Saturday in Auckland, but PM Christopher Luxon says ‘sorry, but not sorry’ about the need for ...
    The KakaBy Bernard Hickey
    1 week ago
  • In Defence of Kāinga Ora
    Given the headlines around the recent findings of the ‘independent’ review of Kāinga Ora by Bill English, you might assume this post will be about social housing, Kāinga Ora’s most prominent role. While that is indeed something that requires defending, I want to talk about the other core purpose of ...
    Greater AucklandBy Connor Sharp
    1 week ago
  • Baby You're A Rich Man
    “How does it feel to beOne of the beautiful peopleNow that you know who you areWhat do you want to beAnd have you traveled very far?Far as the eye can see”Yesterday the ACT party faithful were regaled with craven boasts, sneers, and demands for even more at their annual rally.That ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • Stopping a future Labour government from shutting down gas exploration
    A defiant Resources Minister Shane Jones has responded to Saturday’s environmental protests by ending Labour’s offshore oil exploration ban and calling for long-term contracts with any successful explorers. The purpose would be to prevent a future Labour Government from reversing any licence the explorers might hold. Jones sees a precedent ...
    PolitikBy Richard Harman
    1 week ago
  • 2024 SkS Weekly Climate Change & Global Warming News Roundup #23
    A listing of 32 news and opinion articles we found interesting and shared on social media during the past week: Sun, June 2, 2024 thru Sat, June 8, 2024. Story of the week Our Story of the Week is Yale Climate Connection's Resources for debunking common solar and wind myths, by ...
    1 week ago
  • Fission by the river
    This is where we ate our lunch last Wednesday. Never mind your châteaux and castles and whatnot, we like to enjoy a baguette in the shadow of a nuclear power plant; a station that puts out more than twice as much as Manapouri using nothing more than tiny atoms to bring ...
    More Than A FeildingBy David Slack
    2 weeks ago

  • Prime Minister wraps up visit to Japan
    Prime Minister Christopher Luxon has just finished a successful three-day visit to Japan, where he strengthened political relationships and boosted business links. Mr Luxon’s visit culminated in a bilateral meeting with Japanese Prime Minister Kishida Fumio followed by a state dinner. “It was important for me to meet Prime Minister Kishida in person ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Major business deals signed on PM’s Japan trip
    Significant business deals have been closed during the visit of Prime Minister Christopher Luxon to Japan this week, including in the areas of space, renewable energy and investment.  “Commercial deals like this demonstrate that we don’t just export high-quality agricultural products to Japan, but also our world-class technology, expertise, and ...
    BeehiveBy beehive.govt.nz
    11 hours ago
  • Strategic Security speech, Tokyo
    Minasan, konnichiwa, kia ora and good afternoon everyone. Thank you for the invitation to speak to you today and thank you to our friends at the Institute for International Socio-Economic Studies and NEC for making this event possible today.  It gives me great pleasure to be here today, speaking with ...
    BeehiveBy beehive.govt.nz
    11 hours ago
  • National Infrastructure Pipeline worth over $120 billion
    The National Infrastructure Pipeline, which provides a national view of current or planned infrastructure projects, from roads, to water infrastructure, to schools, and more, has climbed above $120 billion, Infrastructure Minister Chris Bishop says. “Our Government is investing a record amount in modern infrastructure that Kiwis can rely on as ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Making it easier to build infrastructure
    The Government is modernising the Public Works Act to make it easier to build infrastructure, Minister for Land Information Chris Penk announced today. An independent panel will undertake an eight-week review of the Act and advise on common sense changes to enable large scale public works to be built faster and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • NZ enhances North Korea sanctions monitoring
    New Zealand will enhance its defence contributions to monitoring violations of sanctions against North Korea, Prime Minister Christopher Luxon announced today.  The enhancement will see the New Zealand Defence Force (NZDF) increase its contributions to North Korea sanctions monitoring, operating out of Japan. “This increase reflects the importance New Zealand ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Speech to Safeguard National Health and Safety Conference
    Good afternoon everyone. It’s great to be with you all today before we wrap up Day One of the annual Safeguard National Health and Safety Conference. Thank you to the organisers and sponsors of this conference, for the chance to talk to you about the upcoming health and safety consultation. ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Ōtaki to north of Levin alliance agreements signed
    Transport Minister Simeon Brown has welcomed an important milestone for the Ōtaki to north of Levin Road of National Significance (RoNS), following the NZ Transport Agency (NZTA) signing interim alliance agreements with two design and construction teams who will develop and ultimately build the new expressway.“The Government’s priority for transport ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Improvements to stopping Digital Child Exploitation
    The Department of Internal Affairs [Department] is making a significant upgrade to their Digital Child Exploitation Filtering System, which blocks access to websites known to host child sexual abuse material, says Minister of Internal Affairs Brooke van Velden.  “The Department will incorporate the up-to-date lists of websites hosting child sexual ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New vaccine research aims to combat prevalent bovine disease
    A vaccine to prevent an infectious disease that costs New Zealand cattle farmers more than $190 million each year could radically improve the health of our cows and boost on-farm productivity, Associate Agriculture Minister Andrew Hoggard says. The Ministry for Primary Industries is backing a project that aims to develop ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Making it easier to build granny flats
    The Government has today announced that it is making it easier for people to build granny flats, Acting Prime Minister Winston Peters and RMA Reform Minister Chris Bishop say. “Making it easier to build granny flats will make it more affordable for families to live the way that suits them ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • High Court Judge appointed
    Attorney-General Judith Collins today announced the appointment of Auckland King’s Counsel Gregory Peter Blanchard as a High Court Judge. Justice Blanchard attended the University of Auckland from 1991 to 1995, graduating with an LLB (Honours) and Bachelor of Arts (English). He was a solicitor with the firm that is now Dentons ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Health workforce numbers rise
    Health Minister Dr Shane Reti says new data released today shows encouraging growth in the health workforce, with a continued increase in the numbers of doctors, nurses and midwives joining Health New Zealand. “Frontline healthcare workers are the beating heart of the healthcare system. Increasing and retaining our health workforce ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to overhaul firearms laws
    Associate Justice Minister Nicole McKee has today announced a comprehensive programme to reform New Zealand's outdated and complicated firearms laws. “The Arms Act has been in place for over 40 years. It has been amended several times – in a piecemeal, and sometimes rushed way. This has resulted in outdated ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government delivers landmark specialist schools investment
    The coalition Government is delivering record levels of targeted investment in specialist schools so children with additional needs can thrive. As part of Budget 24, $89 million has been ringfenced to redevelop specialist facilities and increase satellite classrooms for students with high needs. This includes: $63 million in depreciation funding ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Major health and safety consultation begins
    A substantial consultation on work health and safety will begin today with a roadshow across the regions over the coming months, says Workplace Relations and Safety Minister Brooke van Velden.  This the first step to deliver on the commitment to reforming health and safety law and regulations, set out in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Growing the potential of New Zealand’s forestry sector in partnership
    Forestry Minister Todd McClay, today announced the start of the Government’s plan to restore certainty and confidence in the forestry and wood processing sector. “This government will drive investment to unlock the industry’s economic potential for growth,” Mr McClay says. “Forestry’s success is critical to rebuilding New Zealand’s economy, boosting ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government cancels forestry ETS annual service charges for 2023-24
    Annual service charges in the forestry Emissions Trading Scheme (ETS) will be cancelled for 2023/24, Forestry Minister Todd McClay says. “The sector has told me the costs imposed on forestry owners by the previous government were excessive and unreasonable and I agree,” Mr McClay says. “They have said that there ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the LGNZ Infrastructure Symposium
    Introduction Thank you for having me here today and welcome to Wellington, the home of the Hurricanes, the next Super Rugby champions. Infrastructure – the challenge This government has inherited a series of big challenges in infrastructure. I don’t need to tell an audience as smart as this one that ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government boosts Agriculture and food trade with China
    Trade and Agriculture Minister Todd McClay and Food Safety Minister Andrew Hoggard welcomed outcomes to boost agricultural and food trade between New Zealand and China. A number of documents were signed today at Government House that will improve the business environment between New Zealand and China, and help reduce barriers, including on infant formula ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • NZ and China launch Services Trade Negotiations
    Trade Minister Todd McClay, and China’s Commerce Minister Wang Wentao, today announced the official launch of Negotiations on Services Trade between the two countries.  “The Government is focused on opening doors for services exporters to grow the New Zealand’s economy,” Mr McClay says.  As part of the 2022 New Zealand-China Free Trade Agreement Upgrade ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Prime Minister Luxon meets with Premier Li
    Prime Minister Christopher Luxon met with Chinese Premier Li Qiang at Government House in Wellington today.  “I was pleased to welcome Premier Li to Wellington for his first official visit, which marks 10 years since New Zealand and China established a Comprehensive Strategic Partnership,” Mr Luxon says. “The Premier and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government and business tackling gender pay gap
    The coalition Government is taking action to reduce the gender pay gap in New Zealand through the development of a voluntary calculation tool. “Gender pay gaps have impacted women for decades, which is why we need to continue to drive change in New Zealand,” Acting Minister for Women Louise Upston ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Funding Boost for Rural Support Trusts
    The coalition Government is boosting funding for Rural Support Trusts to provide more help to farmers and growers under pressure, Rural Communities Minister Mark Patterson announced today. “A strong and thriving agricultural sector is crucial to the New Zealand economy and one of the ways to support it is to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Latest data shows size of public service decreasing
    Spending on contractors and consultants continues to fall and the size of the Public Service workforce has started to decrease after years of growth, according to the latest data released today by the Public Service Commission. Workforce data for the quarter from 31 December 23 to 31 March 24 shows ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the Law Association
    Thank you to the Law Association for inviting me to speak this morning. As a former president under its previous name — the Auckland District Law Society — I take particular satisfaction in seeing this organisation, and its members, in such good heart. As Attorney-General, I am grateful for these ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • 25 years on, NZ reaffirms enduring friendship with Timor Leste
    New Zealand is committed to working closely with Timor-Leste to support its prosperity and resilience, Foreign Minister Winston Peters says.   “This year is the 25th anniversary of New Zealand sending peacekeepers to Timor-Leste, who contributed to the country’s stabilisation and ultimately its independence,” Mr Peters says.    “A quarter ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Inquiry requested into rural banking
    Promoting robust competition in the banking sector is vital to rebuilding the economy, Finance Minister Nicola Willis says.  “New Zealanders deserve a banking sector that is as competitive as possible. Banking services play an important role in our communities and in the economy. Kiwis rely on access to lending when ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Ministry for Regulation targets red tape to keep farmers and growers competitive
    Regulation Minister David Seymour, Environment Minister Penny Simmonds, and Food Safety Minister Andrew Hoggard have today announced a regulatory sector review on the approval process for new agricultural and horticultural products.    “Red tape stops farmers and growers from getting access to products that have been approved by other OECD countries. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government to reverse blanket speed limit reductions
    The Coalition Government will reverse Labour’s blanket speed limit reductions by 1 July 2025 through a new Land Transport Rule released for public consultation today, Transport Minister Simeon Brown says.  The draft speed limit rule will deliver on the National-ACT coalition commitment to reverse the previous government’s blanket speed limit ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Chair appointments for NZSO, CNZ and NZ On Air
    Minister Paul Goldsmith is making major leadership changes within both his Arts and Media portfolios. “I am delighted to announce Carmel Walsh will be officially stepping into the role of Chair of the New Zealand Symphony Orchestra, having been acting Chair since April,” Arts Minister Paul Goldsmith says.  “Carmel is ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government focus on long-term food, fibre growth
    Food and fibre export revenue is tipped to reach $54.6 billion this year and hit a record $66.6b in 2028 as the Government focuses on getting better access to markets and cutting red tape, Agriculture Minister Todd McClay and Oceans and Fisheries Minister Shane Jones say. “This achievement is testament ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Govt consulting on cutting red tape for exporters
    A new export exemption proposal for food businesses demonstrates the coalition Government’s commitment to reducing regulatory barriers for industry and increasing the value of New Zealand exports, which gets safe New Zealand food to more markets, says Food Safety Minister Andrew Hoggard.  “The coalition Government has listened to the concerns ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand and Philippines elevating relationship
    New Zealand and Philippines are continuing to elevate our relationship, Foreign Minister Winston Peters says.   “The leaders of New Zealand and Philippines agreed in April 2024 to lift our relationship to a Comprehensive Partnership by 2026,” Mr Peters says. “Our visit to Manila this week has been an excellent ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Paid Parental Leave increase to help families
    Workplace Relations and Safety Minister, Brooke van Velden says paid parental leave increase from 1 July will put more money in the pockets of Kiwi parents and give them extra support as they take precious time off to bond with their newborns. The increase takes effect from 1 July 2024 ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Defence increases UN Command commitment
    The number of New Zealand Defence Force (NZDF) personnel deployed to the Republic of Korea is increasing, Defence Minister Judith Collins and Foreign Minister Winston Peters announced today.  NZDF will deploy up to 41 additional personnel to the Republic of Korea, increasing the size of its contribution to the United ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand to attend 'Summit on Peace in Ukraine' in Switzerland
    New Zealand will be represented at the Summit on Peace in Ukraine by Minister Mark Mitchell in Switzerland later this week.    “New Zealand strongly supports Ukraine’s efforts to build a comprehensive, just, and lasting peace,” Foreign Minister Winston Peters says.   “Minister Mitchell is a senior Cabinet Minister and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Big step forward for M.bovis programme
    Farmers’ hard work is paying off in the fight against Mycoplasma bovis (M. bovis) with the move to a national pest management plan marking strong progress in the eradication effort, says Biosecurity Minister Andrew Hoggard.  “The plan, approved by the Coalition Government, was proposed by the programme partners DairyNZ, Beef ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Build To Rent opening welcomed by Housing Minister
    Prime Minister Christopher Luxon and Housing Minister Chris Bishop formally opened a new Build to Rent development in Mt Wellington this morning. “The Prime Minister and I were honoured to cut the ribbon of Resido, New Zealand’s largest Build to Rent development to date.  “Build to Rent housing, like the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Agriculture to come out of the ETS
    The Government will deliver on its election commitment to take agriculture out of the New Zealand Emissions Trading Scheme (NZ ETS) and will establish a new Pastoral Sector Group to constructively tackle biogenic methane, Coalition Government Agriculture and Climate Change Ministers say. Agriculture Minister Todd McClay says New Zealand farmers ...
    BeehiveBy beehive.govt.nz
    1 week ago

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