web analytics

Posts Tagged ‘asset sales’

National 0, Christchurch 1

Written By: - Date published: 1:49 pm, September 21st, 2016 - 97 comments


Did Lianne Dalziel just prove how economically challenged the National Party are? It appears Christchurch will be able to pay its quake bill without flogging off the family silver. Why are the right so wedded to asset sales when they make no financial sense?

Flogging off Kiwibank

Written By: - Date published: 9:42 am, March 31st, 2016 - 67 comments


Flogging off Kiwibank is not an option.

NRT: Disgraceful

Written By: - Date published: 11:05 am, June 23rd, 2015 - 11 comments


I/S at No Right Turn: “Since coming to power in 2008, the National government has sold more than a thousand state houses and tightened access to the remainder considerably. The net result? People not getting the assistance they need…”

Free houses?

Written By: - Date published: 9:22 am, February 17th, 2015 - 188 comments

National government state house sales Tamaki Housing Group

That may be what it takes to interest charities in becoming “social housing” providers.

Labour’s plan vs National’s plan

Written By: - Date published: 1:34 pm, January 28th, 2015 - 43 comments

sotn2015 cropped

The choice is clear.

Sale of social housing stock won’t save costs

Written By: - Date published: 2:00 pm, November 16th, 2014 - 20 comments


Hamilton City Council currently has plans to sell of its remaining pensioner housing stock. It already sold off a block of them in 2012. Of those sold, only 12 out of 53 units are available for seniors to rent at affordable rates. This is because 27 were sold as there was no social service provider able to buy them. So now Council want to sell the rest.

Social housing providers

Written By: - Date published: 9:08 am, November 12th, 2014 - 46 comments

National government state house sales Tamaki Housing Group

Is Key planning to flog off state houses at half price to a liquor company?

NRT: Wealth transfer

Written By: - Date published: 8:49 am, November 5th, 2014 - 11 comments


John Key’s latest answer to the housing crisis: bigger subsidies for private landlords! Subsidies to private landlords simply result in rent increases. It doesn’t increase the housing supply. But ole JK just likes screwing over young first home buyers..

Housing policy shambles

Written By: - Date published: 7:43 am, November 5th, 2014 - 30 comments

National government state house sales Tamaki Housing Group

National’s sale of state housing assets and other aspects of housing policy is stupid at all levels. Which is probably why they are confused themselves about it.

Polity: Newsflash: Houses are assets

Written By: - Date published: 8:23 pm, November 3rd, 2014 - 33 comments

First state house in NZ, built 1937

Prime Minister John Key, in his capacity as Prime Minister, promised no asset sales this term in the run up to the last election. But now they are selling assets – state houses.

NZ Inc: Frightening the invisible horses of the market

Written By: - Date published: 12:15 pm, September 16th, 2014 - 15 comments

pearl clutching

The Herald is scathing of Labour’s NZ Inc policy, which defies all logic and reason by assuming that there are better ways to build our economy than flogging off profitable assets, built by New Zealanders, to foreign investors.

Polity: Buy low, sell high. Except National.

Written By: - Date published: 1:06 pm, March 24th, 2014 - 27 comments


Rob at Polity points out National’s intensely unstrategic view about investments and asset sales. In a down market where all the indications said “buy,” National sold our assets for a pittance, and refused to invest in the Super Fund. The Super Fund has been making returns of 21%, far exceeding the Crown’s cost of borrowing. And National will only start investing in the Super Fund when equities are expensive again.  It is almost as if they wanted to waste taxpayers funds eh?

National – a party for wastrels

Written By: - Date published: 1:08 pm, January 24th, 2014 - 13 comments

Burning Money natonomics2

The Crown Financial Statements to the end of November 2013 show that the sale of Meridian and Air New Zealand added hundreds of millions of dollars to the cost of the asset sales programme. Combined with the cost of the Mighty River Power sale and ancillary costs such as the Rio Tinto payout, the total cost of the asset sales now stands at $440m. National just likes burning the money of the taxpayers for no productive purpose.

At least 225,000 Nats said “No” to asset sales

Written By: - Date published: 10:19 am, December 14th, 2013 - 88 comments


Rob Salmond runs the Polity blog and has given us permission to syndicate his posts. Long time readers will remember him from the brilliant posts on 08wire.org during the 2008 campaign, so expect us to often find something of interest.

Like this post looking at who voted No on the referendum. That number of previously National voters must be scaring the National party at present.

Where our Assets have gone

Written By: - Date published: 3:24 pm, August 13th, 2013 - 133 comments


Labour have OIA’d a Treasury list of where the money from Asset Sales has gone.  Hint: it’s mostly not schools, hospitals, or paying down debt like National said.

More pay for them; bigger bills for us

Written By: - Date published: 1:09 pm, April 4th, 2013 - 24 comments

Asset theft National disgrace Demo Auckland Dec 2012

Ryall has announced that Might River Power top brass will be receiving massive pay rises, in relation to the sale of the powercos. The directors have multiple positions, and questions have been raise about the past of one or two of them. They benefit; we pay.

Surplus power and asset sales

Written By: - Date published: 10:03 am, March 28th, 2013 - 55 comments


Apparently Meridian Energy are saying that there is unlikely to be a renewal of the Tiwai Point power contract. This would massively disrupt the value of sales of shares in state owned power companies by this government. However news is being released just before Meridian appears before a select committee.  So I’m anticipating that it is a chicken little play to scare this weak-kneed government into an emergency wastage of taxpayers dollars – just like the Peter Jackson inspired Hobbit extortion.

Strategic blunder

Written By: - Date published: 8:20 am, March 6th, 2013 - 40 comments


Amidst the froth of predatory “excitement” about the sale of our power generation assets, it was refreshing to read in The Herald yesterday a single lone voice who was thinking long term.

Kiwis at the front of the queue?

Written By: - Date published: 10:42 am, March 4th, 2013 - 140 comments


One of the promises that Key made about asset sales was that Kiwis would be “at the front of the queue”. So why will up to 30% of the current offering be heading overseas?

Selling NZ – in the news

Written By: - Date published: 8:05 am, December 29th, 2012 - 91 comments

keep our assets logo - greens version

There’s been a couple of stories in the news over the last 24 hours that could do with some scrutiny: Treasury warns of asset sales over-load; potential sale of Oceania Dairy to an overseas company to set up a milk factory in NZ.

2012: “celebrity” PM – collective action

Written By: - Date published: 10:00 am, December 23rd, 2012 - 46 comments

occupy nz

Individualism & “celebrity” PM, John Key were still strong in 2012.  But, there was opposition from some (often local) groups working collaboratively:  Occupy, Glen Innes protesters, MUNZ, Asset Sales referendum, AAAP advocacy activism, manufacturing inquiry, NZLP democratisation, TS nest of vipers. And 2013?

Marriage Equality and other bills

Written By: - Date published: 9:55 pm, August 29th, 2012 - 51 comments


It’s Members Night in Parliament and the Marriage Equality Bill has passed its first reading. Future Asset Sales have not been entrenched however and National are currently arguing against raising the minimum wage.

Asset Sales to pay for nearly 1.5 years of roads

Written By: - Date published: 4:06 pm, August 29th, 2012 - 8 comments

key petrol highway road

Gerry Brownlee has announced $12.3 billion of road spending over the next 3 years. Asset sales will pay for less than half of it. Does it really make sense to lose control of our strategic assets – with all the income they bring in – for just over 1 year’s worth of roads?

$3 Billion

Written By: - Date published: 6:47 pm, July 31st, 2012 - 21 comments


The government have $3 billion for the Christchurch rebuild burning a hole in their pockets. But at the same time they’re claiming governmental poverty is why we need to sell our productive assets… And there’s 30,000 people nearby wanting proper houses to live in.

The cost of asset sales

Written By: - Date published: 5:29 pm, July 24th, 2012 - 25 comments


Loyalty Scheme:   $360 million.
Brokerage Fees:   $90 million.
Advertising/PR:   $30 million.
Iwi Settlements:   $unknown.
Lost Revenue:   $100 million/year.

Asset sale delay likely

Written By: - Date published: 7:15 am, July 17th, 2012 - 62 comments

not for sale dam

Even John Key is now admitting that the asset sale program is facing a serious legal challenge, and that delays in the sales are likely.  Any such delay would have several implications…

1600 dead, power prices 2/3 higher than Oz/US: Market working – Ryall

Written By: - Date published: 2:28 pm, June 19th, 2012 - 81 comments

electric power lines

Independent energy analyst Molly Melhuish is putting out some facts that Tony Ryall will not find comfortable: we pay on average 28.1c per kWh from private companies and 24.79c per kWh from state owned companies. Why is the asset sales process being rushed through parliament, before Treasury can analyse Molly Melhuish’s research?

Asset sales: What’s the rush?

Written By: - Date published: 3:13 pm, June 13th, 2012 - 49 comments


The Asset Sales Bill will be back in Parliament for its second reading tomorrow.

It’s a further abrogation of due procress, as it comes back 5 weeks early, curtailing proper scrutiny.

Asset sales: still bad

Written By: - Date published: 8:33 am, May 27th, 2012 - 16 comments

not for sale dam

Adding to the canon of reasons and commentators on why you don’t sell your assets (particularly to pay for your maintenance) is an excellent article on The Guardian. It is an article exhorting the countries of the Arab Spring to resist Western countries pressure to implement neo-liberal economics in the name of ‘freedom’. It cites […]

Spin v reality

Written By: - Date published: 6:45 pm, May 21st, 2012 - 12 comments


National have become a very adept PR machine. While not adept at running the country, they’ve become great at running statistics. John Key was pushing things a little too far with his lines that unemployment rising to 6.7% showed an improved economy and that Europe electing anti-austerity leaders showed their austerity policies were right, but […]

Another asset sale lie

Written By: - Date published: 8:10 am, April 14th, 2012 - 99 comments

not for sale v2

The Nats promised to sell no more than 49% of any given state owned assert.  Now they’re trying to get cute with semantics and effectively remove all limits.  

Unfortunately for them their previous promises are on record and very clear.   Hey Peter Dunne – are you going to vote for this latest lie?

Recent Comments

Recent Posts

  • September benefit figures disappointing
    The Government is out of touch with the reality that fewer people are going off the benefit and into employment or study, says Labour’s Social Development spokesperson Carmel Sepuloni.  “The quarterly benefit numbers for September are concerning. They show that ...
    3 days ago
  • MFAT officials refuse to back Prime Minister on Saudi sheep claims
    An Ombudsman’s interim decision released about the existence or otherwise of legal advice on the multimillion dollar Saudi sheep deal shows MFAT has failed to back up the Prime Minister’s claims on the matter, says Labour MP David Parker. “The ...
    3 days ago
  • Nats still planning to take Housing NZ dividend
    Housing New Zealand’s Statement of Performance Expectations shows that the National Government intends to pocket $237m from Housing New Zealand this year including a $54m “surplus distribution”, despite promises that dividends would stop, says Labour’s Housing spokesperson Phil Twyford. “After ...
    4 days ago
  • Parliament must restore democracy for Ecan
    Parliament has a chance to return full democracy to Canterbury with the drawing of a member’s bill that would replace the Government’s appointed commissioners with democratically elected councillors, says Labour’s Canterbury Spokesperson Megan Woods. “In 2010, the Government stripped Cantabrians ...
    4 days ago
  • Police struggle to hold the line in Northland
    Labour’s promise of a thousand extra police will go a long way to calming the fears of people in the North, says the MP for Te Tai Tokerau Kelvin Davis.  “Police are talking about the Northland towns of Kaitaia and ...
    4 days ago
  • Urgent action on agriculture emissions needed
    Immediate action is required to curb agricultural emissions is the loud and clear message from Climate change & agriculture: Understanding the biological greenhouse gases report released today by the Parliamentary Commissioner for the Environment, says Labour’s Climate Change spokesperson Megan ...
    5 days ago
  • Super Fund climate change approach a good start
    Labour Finance Spokesperson Grant Robertson and Climate Change Spokesperson Dr Megan Woods have welcomed the adoption of a climate change investment strategy by the New Zealand Super Fund. “This is a good start. It is a welcome development that the Super ...
    5 days ago
  • Raising the age the right thing to do
    The announcement today that the Government will leave the door open for young people leaving state care still means there is a lot of work to do, says Labour's Spokesperson for Children, Jacinda Ardern "The Government indicated some time ago ...
    5 days ago
  • Coleman plays down the plight of junior doctors
    Junior doctors are crucial to our health services and the industrial action that continues tomorrow shows how desperately the Government has underfunded health, says Labour’s Health spokesperson Annette King.  “Jonathan Coleman’s claim that he has not seen objective evidence of ...
    6 days ago
  • Inflation piles pressure on National and Reserve Bank
    While many households will welcome the low inflation figures announced today, they highlight serious questions for both the National government and the Reserve Bank, Labour’s  Finance Spokesperson Grant Robertson said.  "While low inflation will be welcomed by many, the ...
    6 days ago
  • Officials warned Nat’s $1b infrastructure fund ineffective and rushed
    Treasury papers show the Government rushed out an infrastructure announcement officials told them risked making no significant difference to housing supply, says Labour’s housing spokesperson Phil Twyford.  “Like so much of National’s housing policy, this was another poll-driven PR initiative ...
    6 days ago
  • More cops needed to tackle P
    New Police statistics obtained in Written Questions show John Key is losing his War on P, highlighting the need for more Police, says Opposition Leader Andrew Little.  “New Zealanders expect serious action on P but today’s hodgepodge of half-measures won’t ...
    1 week ago
  • MBIE docs show country needs KiwiBuild, not Key’s pretend “building boom”
    John Key’s spin that New Zealand is in a building boom does not change the massive shortfall in building construction as new MBIE papers reveal, says Labour Party housing spokesperson Phil Twyford.  “We can fix the housing crisis, by the ...
    1 week ago
  • 1 in 7 Akl houses now going to big property speculators
    Speculators are running riot in the Auckland housing market making life tougher for first home buyers, says Labour’s housing spokesperson Phil Twyford.  Newly released data from Core Logic shows a 40 per cent increase in the share of house sales ...
    1 week ago
  • Labour mourns passing of Helen Kelly
    Helen Kelly was a passionate advocate for working New Zealanders and for a safe and decent working life, Leader of the Opposition Andrew Little says.  “Helen Kelly spent her adult life fighting for the right of every working person to ...
    1 week ago
  • Andrew Little: Speech to the Police Association Conference 2016
    Police Association delegates, Association life members and staff, representatives from overseas jurisdictions. Thank you for inviting me here today. The Police Association has become a strong and respected voice for Police officers and for policing in New Zealand. There is ...
    2 weeks ago
  • 1,000 more police for safer communities
    Labour will fund an extra 1,000 Police in its first term to tackle the rising rate of crime, says Leader of the Opposition Andrew Little. “Labour will put more cops on the beat to keep our communities safe. ...
    2 weeks ago
  • Call for all-party round table on homelessness
    Labour is calling on the Government to take part in a roundtable meeting to hammer out a cross-party agreement on ending homelessness.  Labour’s housing spokesperson Phil Twyford said the country wanted positive solutions to homelessness, and wanted the political parties ...
    2 weeks ago
  • Working people carrying the can for the Government
    Today’s announcement of a Government operating surplus is the result of the hard work of many Kiwi businesses and workers, who will be asking themselves if they are receiving their fair share of growth in the economy, Grant Robertson Labour ...
    2 weeks ago
  • Breast cancer drugs should be available
    Labour supports the Breast Cancer Aotearoa Coalition’s campaign for better access to cancer treatments as more patients are denied what is freely available in Australia, says Labour’s Health spokesperson Annette King.  “In the last three years, PHARMAC’s funding has been ...
    2 weeks ago
  • Community law centres get much needed support from banks
      New Zealand’s network of community law centres, who operate out of more than 140 locations across the country, have today received a much needed boost, says Labour’s Justice spokesperson Jacinda Ardern.  “After more than 8 years of static funding ...
    2 weeks ago
  • Just 18 affordable homes in Auckland SHAs – It’s time for KiwiBuild
    New data revealing just 18 affordable homes have been built and sold to first home buyers in Auckland’s Special Housing Areas show National’s flagship housing policy has failed and Labour’s comprehensive housing plan is needed, says Leader of the Opposition ...
    2 weeks ago
  • Pasifika wins big in Auckland elections
    The Labour Party’s Pacific Candidates who stood for local elections in Auckland came out on top with 14 winners, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio. “Our candidates have won seats on one ward, four local boards, two ...
    2 weeks ago
  • Seven7 hikoi to stop sexual violence
    2 weeks ago
  • Road toll passes 2013 total
    The road toll for the year to date has already passed the total for the whole of 2013, raising serious questions about the Government’s underfunding of road safety, says Labour’s Transport spokesperson Sue Moroney.  “According to the Ministry of Transport, ...
    2 weeks ago
  • Bay principals slam charter school decision
    A letter from Hawke’s Bay principals to the Education Minister slams the lack of consultation over the establishment of a charter school in the region and seriously calls into question the decision making going on under Hekia Parata’s watch, says ...
    2 weeks ago
  • Government needs to act on voter turnout crisis
    With fewer than 40 per cent of eligible voters having their say in the 2016 local elections, the Government must get serious and come up with a plan to increase voter turnout, says Labour’s Local Government Spokesperson Meka Whaitiri. ...
    2 weeks ago
  • Inquiry presents solutions to homelessness – Govt must act
    Labour, the Green Party and the Māori Party are calling on the Government to immediately adopt the 20 recommendations set out in today's Ending Homelessness in New Zealand report. ...
    2 weeks ago
  • A good night for Labour’s local government candidates
    It has been a good night for Labour in the local government elections. In Wellington, Justin Lester became the first Labour mayor for 30 years, leading a council where three out of four Labour candidates were elected. Both of Labour’s ...
    2 weeks ago
  • More contenders for fight clubs
    Allegations of fight clubs spreading to other Serco-run prisons must be properly investigated says Labour’s Corrections spokesperson Kelvin Davis. ...
    2 weeks ago
  • Minister runs for cover on job losses
    Māori Development Minister Te Ururoa Flavell’s refusal to show leadership and provide assurances over the future of the Māori Land Court is disappointing, given he is spearheading contentious Maori land reforms which will impact on the functions of the Court, ...
    2 weeks ago
  • Kiwisaver contribution holiday not the break workers were looking for
    The number of working New Zealanders needing to stop Kiwisaver payments is another sign that many people are not seeing benefit from growth in the economy, says Grant Robertson Labour’s Finance spokesperson. "There has been an increase of 14 ...
    2 weeks ago
  • Fight Club failings
    The Corrections Minister must take full responsibility for the widespread management failings within Mt Eden prison, says Labour’s Corrections spokesperson Kelvin Davis. ...
    3 weeks ago
  • Rethink welcomed
    The Labour Party is pleased that Craig Foss is reconsidering the return of New Zealand soldiers buried in Malaysia, says Labour’s Foreign Affairs spokesperson David Shearer. “For the families of those who lie there, this will a welcome move. The ...
    3 weeks ago
  • Disappointment over UN vote
    Helen Clark showed her characteristic drive and determination in her campaign to be UN Secretary General, and most New Zealanders will be disappointed she hasn't been selected, says the Leader of the Opposition Andrew Little. "Helen Clark has been an ...
    3 weeks ago
  • Māori need answers on Land Court job losses
    Māori landowners, Māori employees and Treaty partners need answers after a Ministry of Justice consultation document has revealed dozens of roles will be disestablished at the Māori Land Court, says Ikaroa-Rāwhiti MP Meka Whaitiri. ...
    3 weeks ago
  • Key’s ‘efficiencies’ = DHBs’ pain
          John Key’s talk of ‘efficiencies’ ignores the fact the Government is chronically underfunding health to the tune of $1.7 billion, says Labour’s Acting Health spokesperson Dr David Clark.       ...
    3 weeks ago
  • More than 1,300 schools to face budget cuts
    The latest Ministry of Education figures reveal thousands of schools will face cuts to funding under National’s new operations grant funding model, says Labour's Education spokesperson Chris Hipkins. ...
    3 weeks ago
  • Speculation fever spreads around country
    House prices in Wellington, Hamilton and Tauranga are going off as a result of uncontrolled property speculation spilling over from the Auckland market, says Labour’s housing spokesperson Phil Twyford.  “Speculators who have been priced out of Auckland are now fanning ...
    3 weeks ago
  • New Zealand lags on aid targets
      The National Government needs to live up to its commitments and allocate 0.7 per cent of Gross National Income on development assistance, says Labour’s spokesperson on Pacific Climate Change Su’a William Sio.  “The second State of the Environment Report ...
    3 weeks ago
  • War on drugs needs more troops
    The Minister of Police must urgently address the number of officers investigating illegal drugs if she is serious about making a dent in the meth trade, says Labour’s Police spokesperson Stuart Nash.  “Answers from written questions from the Minister show ...
    3 weeks ago
  • Doctors strike symptom of health cuts
    The notice of strike action issued by the junior doctors today is the result of years of National’s cuts to the health system, says Labour’s Associate Health spokesperson Dr David Clark. ...
    3 weeks ago
  • Government starves RNZ into selling Auckland asset
    Just weeks after TVNZ opened its refurbished Auckland head office costing more than $60 million, RNZ (Radio New Zealand) has been forced to put its Auckland office on the market to keep itself afloat, says Labour’s Broadcasting spokesperson Clare Curran. ...
    3 weeks ago
  • Government must be more than a bystander on the economy
    Despite what he might think John Key is not a political commentator, but actually a leader in a Government who needs to take responsibility for the conditions that mean a rise in interest rates, says Labour’s Finance Spokesperson Grant Robertson.  “John ...
    3 weeks ago