Simmons destroys asset sale talking points

Written By: - Date published: 1:44 pm, February 8th, 2011 - 20 comments
Categories: privatisation - Tags:

The kneejerk righties have praised John Key’s plan to sell our public assets (indeed, the Herald seems to be calling for something far more radical in today’s editorial) but all the substantive analysis of the proposal continues to show it’s an ideologically-driven rip-off. Here’s Geoff Simmons’ take:

Any householder knows that selling your assets doesn’t necessarily lift your savings. Sure, debts cost us money, but assets usually earn us money too, so selling an asset to pay off debt means our income and our expenses both fall. Unless the asset is useless we would most likely be in the same situation afterwards. It is the equivalent of selling the house in order to pay back the mortgage; unless the house is a poorly performing asset (too big for your needs) or the debt is crippling, then it is pointless. The bits of family silver on the block are clearly not poorly performing assets – electricity companies are getting good returns.

According to Bernard Hickey’s analysis, they earned a 7.6% return vs the 5.5% cost of government borrowing. In other words, selling $10 billion worth of assets to pay down $10 billion of debt would cost us $210 million a year, every year, forever.

this policy alone is unlikely to increase national savings by much, if at all. The real issue is that the Government is running a budget deficit – our income is lower than our spending by nearly $300 million a week. Asset sales will provide a quick cash injection, but then not having the income from those assets will make it harder to get back into surplus. This makes it crucial to see what the money will be spent on.

Five words: Tax. Cuts. For. The. Rich. – remember these asset sales would only raise as much money as Key has gifted to the wealthiest 1% of New Zealanders (including himself) through tax cuts.

in the case of New Zealand Government debt, creditors have little to worry about.

The real concern is the level of private debt. It is private debt that has seen our total foreign debt near the levels of Greece. Again, whether you worry about this depends on whether you think Kiwis can pay these loans back. Either way, Government asset sales are not likely to make much difference. If the Government was really concerned with levels of foreign debt, then it would not have shunned a tax on capital so easily.

Exactly. And, if National cared about private savings, how come it gutted Kiwisaver and is planning to cut it even more in this year’s budget?

Finally, let’s look at exports. Will the asset sales improve our current account deficit and allow us to pay back our overseas debt? Despite the promises of favouring Kiwi ownership, we would have to expect the past to repeat itself. Foreign interests will likely buy up some of the assets, resulting in a one-off fillip to the national accounts, but result in a drain on our economy in the long term as profits disappear overseas.

Every year, hundreds of millions flows out of this country, the product of work that Kiwis do being enjoyed by foreign owners, whom we sold public assets to for a pittance during the last round of privatisation. And we’ve spent billions on bailouts of asset-stripped former public assets. So bad was that experience that National has had to wait 20 years for us to forget before trying again.

In sum, asset sales will (at best) have a negligible impact on national savings, reducing our chances of economic meltdown, or exports.

I think he means ‘negative’ not ‘negligible’.

Even if Standard & Poor’s arbitrarily ruled that Government debt was “too high”, selling these assets is not necessarily the best option. The Cullen Fund has $17 billion of assets, some of which could be sold to pay down the same debt as these partial floats would yield.

I’m sure the Cullen Fund is already on their secret ‘for sale’ list, as is ACC and its billions of investments.

given the impending issues of climate change, energy security and rising energy prices, these electricity SOEs are strategic assets which could have a huge bearing on the future of our economy. We should only sell them if we can be certain they will be better at helping us reach our goals under partial private ownership.

Selling strategic assets during the age of peak oil and climate change is nuts – National is trying to give away our economic sovereignty and our ability to weather these storms.

Some are portraying the PM as being brave for prodding the sacred cow of asset sales. But the case has yet to be made, and regardless if there was one policy change that New Zealand really needed, few would point to this as the answer. Introducing a tax on capital or making superannuation sustainable would leave a legacy worth remembering

Yeah, that would be a worthy legacy but what to date makes you think that John Key is interested in a legacy other than enriching members of the elite like himself?

20 comments on “Simmons destroys asset sale talking points”

  1. Lanthanide 1

    Fonterra is our biggest company, and they’re a co-operative.

    Why can’t the power companies be made into co-operatives owned by their customers? This would guarantee the ownership stays in NZ and also that the prices won’t be hiked.

    • Marty (Other) 1.1

      Why not? Why can’t the Cullen Fund buy up the companies and farms currently going to foreign interests. Keep the dividend flow in NZ, for the common good!

      [lprent: You should probably use another pseudonym (like your previous one) to prevent confusion with the author Marty G. I’ve adjusted this one ]

      • Lanthanide 1.1.1

        The purpose of the Cullen fund is to get a better return on the money invested than they could in government bonds.

        Now, you may wish to alter the purpose of the fund, to support NZ businesses or such-like. But at the moment it is striving for the best return on investment, so investing in companies in NZ may not be the road to achieving that goal.

    • Rich 1.2

      For once I (almost) agree with you.

      Staff and customers though. That way people working at the firms (and I would expand that to include long term contractors) have a real stake in their jobs and an incentive to work together for positive results.

    • Bright Red 1.3

      they already are owned by their customers through the cooperative enterprise known as the state.

    • KJT 1.4

      Because they already are.

  2. SHG 2

    Tax. Cuts. For. The. Old.

    Fixed that for you.

  3. Marty (Other) 3

    A pity that the Herald has not asked for comments on the article and its editorial. I suspect there would be an avalanche of anti-National opinion.

    [lprent: You should probably use another pseudonym (like your previous one) to prevent confusion with the author Marty G. I’ve adjusted this one ]

  4. Oscar 4

    The opportunity cost if the SOE’s were sold given away, would be far higher than the 210$ million quoted I would surmise.

    Im amazed at the number of people I talk to about this, who think it’s a good idea because “we need the money”, notwithstanding the fact that in August 2008, NZ was in a position to be a lender, rather than a borrower, thanks to Michael Cullen (give that man a knighthood)
    Just 30 months later, we’re in a hole that’s getting bigger, and no way out unless the tax cuts are reversed.

    But try telling that to “Mum and Dad” and they’ll look at you like you’re a filthy commie. Of course, it’s not the myth I’m talking to. This is what I’m hearing from Labours traditional support base.

  5. Drakula 5

    I hate to sound cynical, but this seems to be history repeating itself and Trans Rail comes to mind when that was run into the ground by a private operator; and the government bought it back.

    Public assets like electricity, water, roads, railways should be kept in the commons as a service to both the public and private enterprise.

    What is radical about that?

    You can’t compare the running of the above like Ma and Pa run a bloody cake shop can you?

    Yet that is what the neo liberals are trying to do! and when they have stripped all the public assets and profiteered from them there is nothing left.

    Completely predatory!!!they are a bunch of criminals!!!! It’s about time we put the bastards in the dock or send them to Campbell Island!!!!!

  6. SPC 6

    The Herald editorial somply shows an ignorance of the purpose of interest free student debt and WFF and a sycophancy to the latest economic spin from the Beehive – so now we have a debt problem – when whatever foreign debt problem we did have when the GFC occured has actually got better (falling against GDP) since then. Our public debt level is one of the best in the OECD and still will be till we balance the budget again.

    The interest free loans are one reason for workers to stay, rather than migrate. WFF enables people to afford families, despite our low wages. Without WFF we would face the prospect of 50% of children being raised in poverty (rather than the mere 20% supported by parents on benefits). Then only those managing their assets, or those unable to get jobs across the Tasman, would remain, them and those who migrated here to qualify to go to Australia with us.

    Even National realises these policies and universal Super at a rate to keep the old out of poverty is all that is holding our society together. And the Heraldines/Heraldettes would give that away for the chance of another tax cut for themselves. The TINA line is, as usual, more of the same aplogia for class war against the weak underclass of the poor and the young.

    Any good international credit agency would distinguish between debt, as either a bad debt risk or debt as a valuable asset – thus that New Zealand home-owners are a good asset for the bank, we own the debt and we pay it back with interest. As most of the foreign debt is here we have no foreign debt problem. An asset that a foreign corporate would buy up, given the chance, is not the basis for a debt problem.

    Countries in as good a position as we are should be looking to increase ownership of assets, not sell any.

  7. Fair Trade 7

    Anyone opposed to free trade and privatisation sign up and get involved in protecting public assets:

    http://www.nznotforsale.org/
    campaign update:

    Bryan Gould, the well known economic commentator and author, former Vice-Chancellor of Waikato University and senior British Labour MP, has accepted the invitation to become Patron of the New Zealand Not For Sale Campaign, a network of groups formed to fight the Tran-Pacific Partnership Agreement (TPPA), which is currently being negotiated in secret.

  8. Any householder knows that selling your assets doesn’t necessarily lift your savings. Sure, debts cost us money, but assets usually earn us money too,

    But this is just nonsense – how much money does your microwave earn you, the drapes, the lawnmower? The only assest that is likely to earn you any money as a householder is the house itself and even then over a long period of time. SOEs are a whole different matter and cannot sensibly be compared to a household (and I am not saying I support them being sold – just that the comparison is, at best, silly).

  9. Rubbish – Thats an even worse analogy – a microwave is not productive in itself but a drop saw for a builder is.

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  • The political ghosts of eugenics may matter more than the genetic
    This essay, on the political legacy of the eugenics movement, by Kenan Malik was originally published in the Observer on 6 October 2019, under the headline ‘The spirit of eugenics is still with us, as immigrants know to their cost’. Birth control. Intelligence tests. Town planning. Immigration controls. It’s striking how ...
    RedlineBy Daphna
    1 week ago
  • “Surplus” again
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Inside the Downing Street bunker
    James Forsyth at The Spectator (I know, I know) has tapped one of his contacts inside Number Ten for an insight into the Johnson administration's thinking and strategy.It is fascinating, unsettling and quite, quite mad.  Some key points:Negotiations have stalled and the Johnson administration are keen to blame the EU: ...
    1 week ago
  • Taking Control Of The Nation’s Story.
    Fatal Contact: With the arrival of captain James Cook in October 1769, the islands of what would become New Zealand ceased to be the preserve of Polynesian navigators and settlers and became a part of both the world’s map and the world’s history.THE MAORI NATIONALIST assault upon the historical meaning ...
    1 week ago
  • Are GNUs extinct?
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    1 week ago
  • Labour chickens out again
    When the government was elected, it promised to lead the way on electric vehicles, and specifically to make the government vehicle fleet emissions-free where-practicable by 2025.They lied:There are 15,473 vehicles in the government fleet and only 78 are electric. When the coalition Government came into power in late 2017, the ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Transgender extremism, violence at work against feminist meeting at British Labour Party conference
    by Nick Rogers The debate around the meaning of sex and gender made an appearance at this year’s British Labour Party conference in Brighton. Women’s Place UK – an organisation that questions the demand that biological males who self-identify as woman should have access to women’s spaces, to all-women shortlists, ...
    RedlineBy Admin
    1 week ago
  • Rebelling in Wellington
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    No Right TurnBy Idiot/Savant
    1 week ago
  • ‘The Workshop’ – Report: Talking about Poverty and Welfare Reform: A Guide to Strategies that ...
    The Workshop is a charitable trust for public good. The Workshop undertake research to find ways of communicating that will build support for the solutions that work to solve complex social and environmental problems. See their Report on Talking about Poverty and Welfare Reform below. ...
    Closing the GapBy Tracey Sharp
    2 weeks ago
  • Exclusive language
    What is language? We generally assume that it a facility unique to humans, allowing us to share what’s in and on our minds. We can tell of our plans, our past exploits, our knowledge. It also allows us to lie. And yet there are vast numbers of people we can’t ...
    SciBlogsBy Michael Corballis
    2 weeks ago
  • April 2018 – Submission to the NZ Govt Tax Working Group
    You can read our submission HERE ...
    Closing the GapBy Tracey Sharp
    2 weeks ago
  • 2018 – Submission to the NZ Government Tax Working Group
    Read our submission here ...
    Closing the GapBy Tracey Sharp
    2 weeks ago
  • Guardian: Poll shows DISASTER for Corbyn and the End of Times
    The Guardian - ever eager to forewarn of doom and disaster on the left - are leading with a new poll from Opinium, which puts the Conservatives 15% clear of Labour.Con 38% +2Lab 23% -1Lib Dem 15% -5Brexit 12% +1Green 4% +2This isn't good news, and it would be very ...
    2 weeks ago
  • How prostitution became the world’s most modern profession
    Being and Being Bought (Spinifex Press, 2013) by Kajsa Ekis Ekman  A synopsis and commentary of Chapters 1-2 by Daphna Whitmore Ekman, a Swedish journalist and critic, brings together a Marxist and feminist analysis of prostitution and surrogacy in this groundbreaking book She opens the discussion with a definition of ...
    RedlineBy Daphna
    2 weeks ago
  • Clever legal fellow on Scottish challenge to Brexit
    I make no claims to having much legal knowledge,  so I defer to those trained in this area.I am very much enjoying this twitter stream from m'learned friend in Edinburgh, deciphering the legal arguments around the Scottish court challenge to Boris Johnson, based on the charmingly obscure principle of Nobile ...
    2 weeks ago
  • An Open Letter From Closed Minds.
    Ivory Folly? The University of Auckland’s Vice-Chancellor, Professor Stuart McCutcheon, upheld the right of the radical nationalist group, Action Zealandia to exercise their freedom of speech – not matter how distasteful that speech might be. A wiser community of students and scholars would have nodded their agreement and moved on. ...
    2 weeks ago
  • Extinction Rebellion members want to “eat babies”
    If you are not convinced terrorist Organisation ‘Extinction Rebellion’ is very, very dangerous – watch this video at one of their recent meetings. Not only is this obviously mentally ill Woman begging the other terrorists to promote killing and “eating” babies and children, if you watch carefully other members nod ...
    An average kiwiBy admin@averagekiwi.com
    2 weeks ago

  • Proposals to curb environmental damage help our coasts and the oceans
    Government Ministers today welcomed the release of a marine environment report highlighting the four key issues affecting our oceans, estuaries and coastlines.  The release underlines the importance of government proposals to combat climate pollution, ensure clean freshwater, protect biodiversity, make land use more sustainable, and reduce waste and plastic.    Environment ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • New mental health facility for Waikato
    The Government has approved funding for a new acute mental health facility for Waikato which will provide better care and support to people with mental health and addiction issues. Prime Minister Jacinda Ardern and Health Minister Dr David Clark announced the $100 million project to replace the aging Henry Rongomau ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • 500 new te reo Māori champions in our classrooms
    The Government is making progress on its goal to integrate te reo Māori into education by 2025, with over 500 teachers and support staff already graduating from Te Ahu o te Reo Māori,  Associate Education Minister Kelvin Davis announced today. Kelvin Davis made the announcement at an awards ceremony in Waikanae today, for ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Minister James Shaw welcomes 2018 Census first release
    Statistics Minister James Shaw has welcomed the first release of 2018 Census data. The first release of data today, 23 September, includes key data on population, regional growth, the number of homes and the size of different ethnic groups in New Zealand. Data from the 2018 Census will support the ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Driving transparency, ethics and accountability in government use of algorithms
    Minister for Statistics James Shaw today announced a public consultation on a proposed algorithm charter for government agencies. The charter has been developed by the Government Chief Data Steward in response to growing calls for more transparency in government use of data. Computer algorithms – procedures or formulas for solving ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • New Zealand and the Netherlands working together on climate change
    Agriculture Minister Damien O’Connor, Climate Change Minister James Shaw and visiting Dutch Prime Minister Mark Rutte co-hosted a business roundtable in Auckland this morning focused on working together to address climate change.  “The Netherlands is an important partner for New Zealand. We share a strong agricultural history. Sustainable agribusiness and ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Protecting fairness for workers and businesses
    The Government is taking action to build an inclusive economy where more of us receive our fair share at work and businesses can compete on great products and services, not undercutting wages and conditions, Immigration and Workplace Relations and Safety Minister Iain Lees-Galloway says. Two consultations launched today seek feedback ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Indigenous Freshwater Fish Bill Passes
    The future for New Zealand’s threatened indigenous freshwater fish looks brighter with the passing of the Conservation (Indigenous Freshwater Fish) Amendment Bill in Parliament today said Minister of Conservation, Eugenie Sage. “Until now, our freshwater fish legislation has been 20 years out of date. We have lacked effective tools to ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Kiwis to take part in world’s biggest earthquake drill
    At 1.30pm tomorrow, hundreds of thousands of Kiwis will join about 65 million people around the globe in ShakeOut, the world’s biggest earthquake drill. The annual drill is to remind people of the right action to take during an earthquake which is to Drop, Cover, Hold, and to practise their ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Rising wages and low inflation supporting Kiwis
    Kiwis are benefiting from higher wage growth and low inflation under the Coalition Government. Stats NZ data out today shows the rise in the cost of living remains low, as annual Consumers Price Index (CPI) inflation fell to 1.5% in September from 1.7% in June. “The low inflation comes as ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ economy strong amid global headwinds
    New Zealand’s economic strength and resilience has been recognised in a major update on the state of the global economy. The IMF’s latest World Economic Outlook released overnight shows a reduced global growth forecast over the next two years as issues like the US-China trade war and Brexit take hold. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Keeping New Zealanders safer with better counter-terrorism laws
    Justice Minister Andrew Little has today introduced a new Bill to prevent terrorism and support the de-radicalisation of New Zealanders returning from overseas. The Terrorism Suppression (Control Orders) Bill gives the New Zealand Police the ability to apply to the High Court to impose control orders on New Zealanders who ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Improved succession and dispute resolution core of Ture Whenua changes
    A Bill that proposes targeted changes to simplify the processes for Māori land owners when engaging with the Māori Land Court has had its First Reading today. “The approach taken by the Government is to ensure that the protection of Māori land remains a priority as we seek to improve ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to CTU Biennial Conference
    Let me first thank all the new unionists and members in the room. There is nothing more important to improving people’s working lives than people making the decision to care, to get on board and help, to take up the reins and get involved. Congratulations to you. You bring the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister ensures continued Whenuapai flight operations
    Minister of Defence Ron Mark has signed a certificate exempting the activity of engine testing at Whenuapai Airbase from the Resource Management Act 1991. The Act gives the Minister of Defence the power to exempt activities for the purposes of national security.  The certificate will mean the recent Environment Court ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ joins Coalition of Finance Ministers for Climate Action
    Finance Minister Grant Robertson has announced New Zealand will join the Coalition of Finance Ministers for Climate Action while attending APEC meetings in Chile. The objective of the 39 member Coalition is to share information and promote action to tackle climate change. It was formed in April this year, in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • CTU speech – DPM
    Ladies and gentlemen, NZCTU President Richard Wagstaff, members of respective unions – thank you for the invitation to speak to you today. This might be preaching to the choir, but the importance of trade unions in New Zealand’s historical arch is difficult to understate. And it is my belief that ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Police Association Annual Conference
    "Let’s start by acknowledging that it has been a huge year. " Police Association Annual Conference James Cook Grand Chancellor Hotel Wellington Nau mai, haere mai. Tēnā koutou, tēnā koutou, ka nui te mihi, ki a koutou katoa. President of the Police Association, Chris Cahill; Members of the Association and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand announces a further P-3 deployment in support of UN sanctions
    Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark have announced the New Zealand Government’s decision to again deploy a Royal New Zealand Air Force P-3K2 (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea. New ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand deeply concerned at developments in north-east Syria
    Foreign Affairs Minister Winston Peters says New Zealand continues to have serious concerns for peace and stability in north-east Syria. “Recent reports that hundreds of ISIS-affiliated families have fled from a camp are deeply concerning from a humanitarian and security perspective”, Mr Peters says. “While we acknowledge Turkey’s domestic security ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government on high alert for stink bugs
    Biosecurity Minister Damien O’Connor is warning travelling Kiwis to be vigilant as the high-season for the crop-eating brown marmorated stink bug (BMSB) is under way. “We’re on high alert to stop BMSB arriving in NZ. The high season runs until April 30 and we’ve strengthened our measures to stop stink ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Better protections for students in halls of residence
    The Government is moving swiftly to change the law to improve the welfare and pastoral care of students living in university halls of residence and other tertiary hostels. Cabinet has agreed to several changes, including creating a new mandatory Code of Practice that sets out the duty of pastoral care ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New trapping guide for community and expert trappers alike
    The Minister for Conservation Eugenie Sage has launched a new comprehensive trapping guide for community trappers to help them protect our native birds, plants and other wildlife, at Zealandia in Wellington today. ‘A practical guide to trapping’, has been developed by the Department of Conservation (DOC), and was launched during ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Widening Access to Contraceptives Welcomed
    Associate Health Minister Julie Anne Genter welcomes PHARMAC’s move to improve access to long-acting reversible contraception (LARCs). PHARMAC has today announced it will fund the full cost of Mirena and Jaydess for anyone seeking long term contraception, lifting previous restrictions on access to Mirena. “I welcome women having greater choices ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Major upgrade for Taranaki Base Hospital
    The Government has approved the next stage of a major redevelopment of Taranaki Base Hospital, which will deliver new and improved facilities for patients. Health Minister Dr David Clark has announced details of a $300 million dollar project to build a new East Wing at the New Plymouth hospital. It ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Extra support for rural families
    Extra funding will allow Rural Support Trusts to help farming families, says Minister for Rural Communities and Agriculture Damien O’Connor. “I know that rural families are worried about some of the challenges facing them, including the ongoing uncertainty created by the Mycoplasma bovis outbreak. “Those concerns sit alongside ongoing worries ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Howard Leaque Beekeeper programme graduation
    Thank you for the opportunity to be here to present certificates to the 16 graduates who have completed a beekeeping course delivered by the Howard League.  Let us start by acknowledging Auckland Prison’s Deputy Prison Director Tom Sherlock, and Acting Assistant Regional Commissioner of Corrections Northern Region Scott Walker - ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Finance Minister to attend APEC meetings
    Finance Minister Grant Robertson leaves this weekend to attend the APEC Finance Ministers meeting in Santiago, Chile. Discussions between APEC Finance Ministers at the meeting will include the effects of the current global economic uncertainty, risks for APEC economies and sustainable development of the region. While at APEC Grant Robertson ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Pacific languages are a source of strength, they ground us and build confidence
    The Minister for Pacific Peoples Aupito William Sio says for Pacific people, language can be a source of strength. It can help ground us and give us confidence. When we speak them, our languages provide us with an immediate and intimate access to our identity and our story - and ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Major boost to support disabled people in sport and recreation
    The Coalition Government has announced an action plan to improve the wellbeing of disabled New Zealanders by addressing inequalities in play, active recreation and sport. The initiative includes training to develop a workforce that understands the needs of children and young people with a range of impairments, advocacy for fit ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • More prefab homes to be built as red tape cut
    The construction sector is being freed up to allow more homes to be built more quickly as the Government cuts through some of the red tape of the Building Act.  “Every New Zealander deserves a warm, dry, safe home and old inefficiencies in the Building Act make building slow and ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Further details of Prince of Wales and Duchess of Cornwall visit to New Zealand
    Prime Minister Jacinda Ardern has welcomed further details on the Prince of Wales and Duchess of Cornwall’s visit to New Zealand next month. Their Royal Highnesses will visit New Zealand from 17-23 November – their third joint visit to New Zealand and first in four years. They arrive in Auckland ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • O’Connor in Thailand to push for RCEP deal
    Minister of State for Trade and Export Growth and Minister of Agriculture, Damien O’Connor, heads to Thailand today to attend the final Regional Comprehensive Economic Partnership (RCEP) Ministerial meeting, as negotiations enter their final stages. “The RCEP Agreement would anchor New Zealand in a regional agreement that covers 16 countries, ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Young Pacific people can access earning and learning opportunities in Hawke’s Bay, Otago and South...
    Pacific young people living in the Hawke’s Bay, Southland and Otago regions will have access to support services that have proved successful in helping young people find new earning and learning opportunities. “Tupu Aotearoa is about changing Pacific young peoples’ lives. Our young people are talented, they are smart, they ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Protecting wellbeing – ACC HQSC Trauma Forum
    Introduction As the Minister for ACC I thank you all for the work that you do supporting New Zealanders in their literally most vulnerable moments. From those who hold people’s lives in their hands, to the people who research technique, technology and trends, your work is highly valued. A special ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ economy in good shape – notes prepared for speeches in Christchurch
    Notes prepared for speeches in Christchurch – Wednesday 9 October 2019 Today’s topic, “trends and opportunities for the New Zealand economy,” is certainly one getting a great deal of commentary at the moment. Looking across the media landscape lately you’ll notice we aren’t the only ones having this discussion. There ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • World Mental Health Day a reminder of the importance of mental health work
    Minister of Health Dr David Clark and Associate Minister of Health Peeni Henare say this year’s World Mental Health Day theme is a reminder of why the Government’s work on mental health is so important. “This year the World Federation for Mental Health has made suicide prevention the main theme ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cultural Ministers Meeting
    Associate Arts, Culture and Heritage Minister Carmel Sepuloni will represent the government at Australia’s Meeting of Cultural Ministers in Adelaide this week. “This year’s meeting is special because New Zealand is expected to become an International Member of the Meeting of Cultural Ministers at this Australian forum,” Carmel Sepuloni said. “The meeting is an opportunity to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • 608 claims resolved by GCCRS in first year
    The Greater Christchurch Claims Resolution Service has resolved 608 insurance and EQC claims in its first year in operation, Minister Megan Woods has announced. The government service, which celebrates its first birthday today, provides a one stop shop to help Cantabrians still battling to get their homes repaired or rebuilt ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ economy in good shape
    Today’s topic, “trends and opportunities for the New Zealand economy,” is certainly one getting a great deal of commentary at the moment. Looking across the media landscape lately you’ll notice we aren’t the only ones having this discussion. There has been an increasing amount of attention paid to the outlook ...
    BeehiveBy beehive.govt.nz
    1 week ago