The end of growth

Written By: - Date published: 9:13 am, June 14th, 2012 - 26 comments
Categories: capitalism, Deep stuff, Economy, Environment, sustainability - Tags: , , ,

Economic commentators are now openly speculating about “the D-word” – Depression. Even our own Treasury are in on the act:

Eurozone ‘depression’ possible – Treasury

The head of Treasury, the Government’s chief economic adviser has gone where few others dare to venture. He used the word depression to describe how bad Europe’s economic woes could become. A depression is a far more alarming, and longer lasting crisis, than just a recession. …

Unlike a short recession, a depression is a sustained period of downturn, with huge job losses, a shortage of credit, and less trade with countries defaulting. And all that is already happening in Europe.

But late today Mr Makhlouf backed away from his comments, saying he never meant depression with a capital D, he says he meant it with a small d and that the worst case is a slowdown in world trade and slower economic activity.

Sounds like Mr Makhlouf got an irate call from someone, but calling it depression with a small “d” isn’t going to make any difference. The world economy is in turmoil, and likely to get worse. The effects are going to last for the foreseeable future:

And Mr Makhlouf said the fallout from Europe will affect us all for up to 10 years. The most depressing feature of the current crisis is that we have entered a world where the uncertainty and fragility of the world economy will carry on for 5 to 10 years.

Finance Minister Bill English said later we could be in for 15 years of grumpy growth

“Grumpy growth” sounds like fun doesn’t it. And fifteen years is effectively forever as far as economic prediction goes.

In 1989 Francis Fukuyama wrote an essay called “The End of History”. It attracted a lot of attention, it was widely (and correctly) condemned as simplistic and wrong. None the less, I’m happy to brave the comparison, and suggest that we’re looking at the end of growth. “Growth” in the narrow, economic, “increase in GDP” sense that is.

Something between five and fifteen years of purely economic turmoil. During that time, as peak oil (and increasing consumption in China and India) kicks in, the price of oil / petrol is predicted to more than double, so that “Petrol pain to get so bad you’ll be forced to change your ways”. That will really put the brakes on. The price of oil affects the price of everything else, and as it rises so economic activity decreases. Looking further out, it will take decades to transition to non-fossil energy sources, by which time the challenges associated with rapid climate change should be really kicking in.

I’m not saying that there won’t be growth again, just that we may not, in the foreseeable future, experience such a time as the decade of sustained, significant growth that we experienced up to 2008. That isn’t bad news. It’s only bad news if we’re addicted to a profligate lifestyle of ever-increasing consumption, an unsustainable path which inevitably ends in a crash. We’ve got to give up that lifestyle anyway, and an end to growth is going to force us to do so. We’ve got to transition to a sustainable, “steady state” economy, and if we move to a more equitable distribution of wealth that can still mean improvements in “lifestyle” for the majority. We’ve got to redefine success based on new measures like the GPI (instead of GDP). And we’ve got to start the transition now.

For “Western” / OECD countries it’s time to start creating a world based on a different kind of growth.

26 comments on “The end of growth ”

  1. Carol 1

    Why do they keep trying to cover up this? Some of us are already thinking that sustained long-term growth is a dead duck. Why do so many people want to keep their heads in the sand, as it is against all our long-term interests?

    • Dr Terry 1.1

      Carol, the trouble is that nobody appears to think at all any more about “long term interests”. All that matters is getting it right (surplus?) in the “short term” and leave the consequences for those to follow in the longer term (superannuation?). I am sure a particular person will have no future worries as he bathes in the Hawaiian sun!

      • Dr Terry 1.1.1

        Sorry, meant to add that I am somewhat “amused” (if that is the word) by the back down through saying “depression” lacked a capital “D”. This is how pathetic it becomes. Since when did “depression” require a capital “D” anyway, other than to begin a new sentence? Again, some idiot thinks he can take us for being bigger idiots than himself. But I guess he imagines he can get away with idiocy in the Tory created climate of the day.

    • Draco T Bastard 1.2

      Growth is the promise to the majority that things will keep getting better for them despite the fact that the rich are taking all the wealth.

      • True Freedom is Self-Governance 1.2.1

        Pretty much sums it up. And there are clearly still enough turkeys believing their brighter future is just around the corner as long as they keep working hard to grow the economy.

  2. vto 2

    Why do people want bigger houses with more things in them anyway?

    Why do people want flasher cars?

    I mean, it is all pretty shallow and boring.

    If we as a group became more enamoured with easier living it would free us up to do all the other things this planet offers. Bugger houses and cars – boring. Dunno about you fullas and fullesses but when I see a porsche driving down the road or a huge bright empty house on a hill it doesn’t fill me with desire or admiration, it sort of fills me with … how boring. Except when the porsche plants boot and leaves me in the dust – then there is a bit of boy racer excitement… so there we go, growth is all about boy racer excitement.

    But of course growth is what is needed to pay for the interest due under the existing fractional reserve banking system. That is the real reason the shrill cry for growth keeps ringing loud… without growth we cannot pay the interest bill. Fact.

    • SamHall 2.1

      “fullahs and fullesses” Thats a phrase we use in conversation. Have we met?
      That was a lengthy Uturn critique that was scribed the ova day. Angry? Frustrated? Resentment?

      Compassion Moderation Humility. These are the 3 Treasures.

      Reading the attitudes of Vicky32, we understand why some of the younger generation suggest giving the “boomers” “the needle”.

      So Sad, but ya reap wot ya sow.

      • vto 2.1.1

        Hi Sam, don’t know if we have met. Hopefully not as anonymity is important for me banging around here.

        As for Uturn, I am highly suspicious of that poster. There is something not right there.

      • Carol 2.1.2

        I’m all for compassion and humility. Moderation is good sometimes, but can just serve to reinforce the status quo at other times…

        … an yet, vicky32, is far from the boomer stereotype that some younger folk needle….. working class, unemployed, doesn’t own a house or car………..

        • vto 2.1.2.1

          pure moderation leads to mediocrity…. the amended version is thus …

          all things in moderation, including moderation.

          [lprent: That is what we prefer as well. Of course when moderation is required then we try to be quite immoderate to encourage people not to want us to moderate. In particular it discourages people from getting close to the verges because we won’t just remove their tentative toes, we’ll try for a leg removal on the basis that if they can’t walk to the verge then they’re less likely to waste our time. ]

    • Dr Terry 2.2

      Yes, “growth” in purely financial and grasping materialistic terms. These apologies for humanity do not or cannot recognise that there are other and more worthy values in life.

  3. Afewknowthetruth 3

    The banksters’ Ponzi scheme is totally dependent on perpetual economic growth [on a finite planet}.

    Therefore, the official narrative will remain the same: growth [at any cost]. And the lies will get bigger and bigger.

    Nothing will change as far as society goes (other than falling off the cliff at an ever faster rate) because, almost without exception, MPs are scientifically iliterate, financially illiterate and economically illiterate morons. That’s MPs of all parties.

    Even as I write, my district council has endorsed a totally dysfunctional ‘tourism brochure with a few funny numbers inserted’ as a plan for the next decade! And, needless to say, they are passing on the costs of all their continued incoompetence straight onto ratepayers. A doubling of rates over the next 6 or 7 years is forecast. But the community will be bankrupt before that happens, of course.

    Need;less to say, the time to deal with the dire energy predicament and the even more dire environmental predicament was more than decade ago, when I and others raised the matters as urgently requiriung attention. And, needless to say, we were told: “You’re too gloomy. That [economic collapse] will never happen.” In fact, even as the ship is sinking, we are still told: “You’re too gloomy, That will never happen.”

    • prism 3.1

      The Titanic was built to be unsinkable. So adequate precautionary measures weren’t considered.

  4. TimD 4

    A couple of a links if you want to put everything together:
    This is about peak oil, growth and consumerism, or energy, economy and the environment.

    http://www.chrismartenson.com/crashcourse

    or here – something that is proposed to be done about it all – a mechanical engineer’s perspective

  5. Peter 5

    Only one thing for it then, it’s time to dust off what remains of centralised planning capacity within the state sector, and prepare a greenprint for a steady state economy on these shaky isles.

  6. Draco T Bastard 6

    Southern Limits has an interesting blog post up:

    The global economy is based on transportation networks that are propped up by cheap energy. Because of this we can be relatively certain that when demand for energy begins to fall that the economy is slowing. And when energy prices fall sharply we can be relatively certain that the economy is not just slowing but entering into a recession.

    Everybody is probably aware of fuel prices dropping over the last week but this is happening during the beginning of the Northern summer – a time when oil prices usually rise due to the increased demand as people go on holiday.

    • Colonial Viper 6.1

      Worth reading.

      http://dailyresourcehunter.com/whats-with-oil-prices-byron-king-answers/

      As you can see from the chart, many producers lift oil at an overall cost of $10-20 per barrel. Even the major international players (the pink shading on the right) are in the $40 per barrel average for production.

      But take a look at that “budget break-even” line — the greenish shading. That’s the price at which a list of petro-players has to sell oil in order to fund their national spending. Keep in mind that all of the countries on the list — from Qatar to Venezuela — rely on oil sales for the vast majority of their national income.

      Specifically, Libya, Saudi Arabia, Algeria, Iraq, Angola, Nigeria, Ecuador, Iran, Russia and Venezuela all require oil prices of at least $80-100 (or more) just to have sufficient income to run their national budgets. Without a strong oil price, these countries will have bread lines and riots.

    • After reading Chris Nelder’s article last week here: http://www.smartplanet.com/blog/energy-futurist/the-future-of-oil-prices/508 I have a feeling that oil prices have almost bottomed out. This does not bode well for the economy however because as we can see here: http://www.odac-info.org/sites/default/files/refiners-acquistion-costs-n.png the maximum price that the U.S. economy can run on without beginning to cause massive problems is around $87 per barrel. Which according to Barclay’s is now also the operators budget assumption. In other words the tight rope oil companies have been walking in trying to maximise profits and minimise demand destruction has run out. They can’t afford to sell oil any cheaper and the world’s largest economy is now at the point where it is very close to not being able to afford the cheapest oil on the market.

    • Dr Terry 7.1

      joe90. A steady state by “disaster or design” is the critical question here. The writer takes a very idealistic view with regard to New Zealand. Watch for Utopian idealism. Nice to see optimism (of an evolutionary nature). The “disaster” could be that humankind enters “devolution” whereby persons become “technocrats” in a technological era.

  7. Bored 8

    A link for the benefit of any “growth” addict, TS, Gos etc, have a look at a non political mathematicians prognostics upon compound growth.

  8. captain hook 9

    growth will taper off slowly but slow down it will.
    what we have witnessed will be looked back on with awe from future generations.
    gross expenditure of energy and resources.
    they gonna have a tough job to create something new with what they get left with.
    but they will always remeber the 60’s for the music that people made themselves.
    bon voyage.
    beam us up scotty.

  9. Draco T Bastard 10

    And it looks like the surplus has been delayed – again.

    The Government’s plan to return to surplus by 2015 looks to have suffered a serious setback, with the Reserve Bank cutting growth forecasts for the year.

    The bank blames the slowing economies of New Zealand’s trading partners, and it has decided to hold the official cash rate (OCR) at 2.5 percent.

    And, of course, Shonkey is saying we’re still on course.

  10. Georgecom 11

    Fukuyama was wrong if you take The end of history to mean the final triumph of neo-liberal capitalism. 2008 and the stagnation since has shown that neo-liberal capitalism is having its own historical end.

    What will replace it, if we are smart and lucky, will be a more negotiated political economy, something more communal and social without necessarily getting rid of markets. Economies will be more localised and regionalised and less globalised. Focus will need to be made on equity and flexible sharing of jobs and resources. Income parity and income security will be more important.

  11. Richard Heinberg and Jeff Rubin both have books out now called The End of Growth. A review of both books here: http://www.energybulletin.net/stories/2012-06-11/end-growth%E2%80%A6-and-then-what-review-heinberg-and-rubin

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    Buzz from the Beehive The hacks of the Parliamentary Press Gallery have been able to chip into a rich vein of material on the government’s official website over the past 24 hours. Among the nuggets is the speech by Regional Development Minister Shane Jones and a press statement to announce ...
    Point of OrderBy Bob Edlin
    5 days ago
  • Cut the parliamentary term
    When Labour was in power, they wasted time, political capital, and scarce policy resources on trying to extend the parliamentary term to four years, in an effort to make themselves less accountable to us. It was unlikely to fly, the idea having previously lost two referendums by huge margins - ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • More terrible media ethics
    David Farrar writes – The Herald reports: When Whanau Ora chief executive John Tamihere was asked what his expectations for the Budget next Thursday were, he said: “All hope is lost.” Last year Whānau Ora was allocated $163.1 million in the Budget to last for the next four years ...
    Point of OrderBy poonzteam5443
    5 days ago
  • Bringing our democracy into disrepute
    On Monday the government introduced its racist bill to eliminate Māori represntation in local government to the House. They rammed it through its first reading yesterday, and sent it to select committee. And the select committee has just opened submissions, giving us until Wednesday to comment on it. Such a ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • The censors who’ll save us from ourselves… yeah right!
    Nick Hanne writes – There’s a common malady suffered by bureaucracies the world over. They wish to save us from ourselves. Sadly, NZ officials are no less prone to exhibiting symptoms of this occupational condition. Observe, for instance, the reaction from certain public figures to the news ...
    Point of OrderBy poonzteam5443
    5 days ago
  • The case for commissioners to govern the capital city
    Peter Dunne writes – As the city of Tauranga prepares to elect a new Mayor and Council after three and a half years being run by government-appointed Commissioners, the case for replacing the Wellington City Council with Commissioners strengthens. The Wellington City Council has been dysfunctional for years, ...
    Point of OrderBy poonzteam5443
    5 days ago
  • Thoughts about contemporary troubles.
    This will be s short post. It stems from observations I made elsewhere about what might be characterised as some macro and micro aspects of contemporary collective violence events. Here goes. The conflicts between Israel and Palestine and France and … Continue reading ...
    KiwipoliticoBy Pablo
    5 days ago
  • Gordon Campbell On Blurring The Lines Around Political Corruption
    It may be a relic of a previous era of egalitarianism, but many of us like to think that, in general, most New Zealanders are as honest as the day is long. We’re good like that, and smart as. If we’re not punching above our weight on the world stage, ...
    5 days ago
  • MPs own 2.2 houses on average
    Bryce Edwards writes – Why aren’t politicians taking more action on the housing affordability crisis? The answer might lie in the latest “Register of Pecuniary Interests.” This register contains details of the various financial interests of parliamentarians. It shows that politicians own real estate in significant numbers. The ...
    Point of OrderBy Bob Edlin
    5 days ago
  • King Mike & Mike King.
    I built a time machine to see you againTo hear your phone callYour voice down the hallThe way we were back thenWe were dancing in the rainOur feet on the pavementYou said I was your second headI knew exactly what you meantIn the country of the blind, or so they ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • Bryce Edwards: MPs own 2.2 houses on average
    Why aren’t politicians taking more action on the housing affordability crisis? The answer might lie in the latest “Register of Pecuniary Interests.” This register contains details of the various financial interests of parliamentarians. It shows that politicians own real estate in significant numbers. The register published on Tuesday contains a ...
    Democracy ProjectBy bryce.edwards
    5 days ago
  • How much climate reality can the global financial system take without collapsing?
    Microsoft’s transparency about its failure to meet its own net-zero goals is creditable, but the response to that failure is worrying. It is offering up a set of false solutions, heavily buttressed by baseless optimism. Photo: Lynn Grieveson / The KākāTL;DR: Here’s the top six news items of note in ...
    The KakaBy Bernard Hickey
    5 days ago
  • Weekly Roundup 24-May-2024
    Another Friday, another Rāmere Roundup! Here are a few things that caught our eye this week. This Week in Greater Auckland On Monday, our new writer Connor Sharp roared into print with a future-focused take on the proposed Auckland Future Fund, and what it could invest in. On ...
    Greater AucklandBy Greater Auckland
    5 days ago
  • Earning The Huia Feather.
    Still Waiting: Māori land remains in the hands of Non-Māori. The broken promises of the Treaty remain broken. The mana of the tangata whenua languishes under racist neglect. The right to wear the huia feather remains as elusive as ever. Perhaps these three transformations are beyond the power of a ...
    5 days ago
  • Bernard’s Dawn Chorus and pick ‘n’ mix for Friday, May 24
    Posters opposing the proposed Fast-Track Approvals legislation were pasted around Wellington last week. Photo: Lynn Grieveson / The KākāTL;DR: One of the architects of the RMA and a former National Cabinet Minister, Simon Upton, has criticised the Government’s Fast-Track Approvals bill as potentially disastrous for the environment, arguing just 1% ...
    The KakaBy Bernard Hickey
    5 days ago
  • The Hoon around the week to May 24
    There was less sharing of the joy this week than at the Chinese New Year celebrations in February. China’s ambassador to NZ (2nd from right above) has told Luxon that relations between China and New Zealand are now at a ‘critical juncture’ Photo: Getty / Xinhua News AgencyTL;DR: The podcast ...
    The KakaBy Bernard Hickey
    5 days ago
  • Beijing troubleshooter’s surprise visit
    The importance of New Zealand’s relationship with China was surely demonstrated yesterday with the surprise arrival in the capital of top Chinese foreign policy official Liu Jianchao. The trip was apparently organized a week ago but kept secret. Liu is the Minister of the Chinese Communist Party’s (CCP) International Liaison ...
    PolitikBy Richard Harman
    5 days ago
  • UK election a foregone conclusion?  That’s why it’s interesting
    With a crushing 20-plus point lead in the opinion polls, all the signs are that Labour leader Keir Starmer will be the PM after the general election on 4 July, called by Conservative incumbent Rishi Sunak yesterday. The stars are aligned for Starmer.  Rival progressives are in abeyance: the Liberal-Democrat ...
    Point of OrderBy xtrdnry
    6 days ago
  • Skeptical Science New Research for Week #21 2021
    Open access notables How much storage do we need in a fully electrified future? A critical review of the assumptions on which this question depends, Marsden et al., Energy Research & Social Science: Our analysis advances the argument that current approaches reproduce interpretations of normality that are, ironically, rooted in ...
    6 days ago
  • Days in the life
    We returned last week from England to London. Two different worlds. A quarter of an hour before dropping off our car, we came to a complete stop on the M25. Just moments before, there had been six lanes of hurtling cars and lorries. Now, everything was at a standstill as ...
    More Than A FeildingBy David Slack
    6 days ago
  • Forget about its name and focus on its objective – this RMA reform bill aims to cut red tape (and ...
    Buzz from the Beehive A triumvirate of ministers – holding the Agriculture, Environment and RMA Reform portfolios – has announced the introduction of legislation “to slash the tangle of red and green tape throttling development in key sectors”, such as farming, mining and other primary industries. The exact name of ...
    Point of OrderBy Bob Edlin
    6 days ago
  • More National corruption
    In their coalition agreement with NZ First, the National Party agreed to provide $24 million in funding to the charity "I Am Hope / Gumboot Friday". Why were they so eager to do so? Because their chair was a National donor, their CEO was the son of a National MP ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Submit!
    The Social Services and Community Committee has called for submissions on the Oranga Tamariki (Repeal of Section 7AA) Amendment Bill. Submissions are due by Wednesday, 3 July 2024, and can be made at the link above. And if you're wondering what to say: section 7AA was enacted because Oranga Tamariki ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Reading the MPS numbers thinking about the fiscal situation
    Michael Reddell writes –  The Reserve Bank doesn’t do independent fiscal forecasts so there is no news in the fiscal numbers in today’s Monetary Policy Statement themselves. The last official Treasury forecasts don’t take account of whatever the government is planning in next week’s Budget, and as the Bank notes ...
    Point of OrderBy poonzteam5443
    6 days ago
  • Charter Schools are a worthwhile addition to our school system – but ACT is mis-selling why they a...
    Rob MacCulloch writes – We know the old saying, “Never trust a politician”, and the Charter School debate is a good example of it. Charter Schools receive public funding, yet “are exempt from most statutory requirements of traditional public schools, including mandates around .. human capital management .. curriculum ...
    Point of OrderBy poonzteam5443
    6 days ago
  • Paranoia On The Left.
    How Do We Silence Them? The ruling obsession of the contemporary Left is that political action undertaken by individuals or groups further to the right than the liberal wings of mainstream conservative parties should not only be condemned, but suppressed.WEB OF CHAOS, a “deep dive into the world of disinformation”, ...
    6 days ago
  • Budget challenges
    Muriel Newman writes –  As the new Government puts the finishing touches to this month’s Budget, they will undoubtedly have had their hands full dealing with the economic mess that Labour created. Not only was Labour a grossly incompetent manager of the economy, but they also set out ...
    Point of OrderBy poonzteam5443
    6 days ago
  • Rishi calls an Election.
    Today the British PM, Rishi Sunak, called a general election for the 4th of July. He spoke of the challenging times and of strong leadership and achievements. It was as if he was talking about someone else, a real leader, rather than he himself or the woeful list of Tory ...
    Nick’s KōreroBy Nick Rockel
    6 days ago
  • Photo of the Day: GNR
    This post marks the return of an old format: Photo of the Day. Recently I was in an apartment in one of those new buildings on Great North Road Grey Lynn at rush hour, perfect day, the view was stunning, so naturally I whipped out my phone: GNR 5pm Turns ...
    Greater AucklandBy Patrick Reynolds
    6 days ago
  • Choosing landlords and the homeless over first home buyers
    The Government may struggle with the political optics of scrapping assistance for first home buyers while also cutting the tax burden on landlords, increasing concerns over the growing generational divide. Photo: Lynn Grieveson / The KākāTL;DR: The Government confirmed it will dump first home buyer grants in the Budget next ...
    The KakaBy Bernard Hickey
    6 days ago

  • Government improves mass arrival management
    The Government has strengthened settings for managing a mass arrival, with the passing of the Immigration (Mass Arrivals) Amendment Bill today.  “While we haven’t experienced a mass arrival event in New Zealand, it is an ongoing possibility which would have a significant impact on our immigration and court systems,” Immigration ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Super Fund to get more investment opportunities
    Finance Minister Nicola Willis has welcomed the passage of legislation giving the New Zealand Superannuation Fund a wider range of investment opportunities. The New Zealand Superannuation and Retirement Income (Controlling Interests) Amendment Bill passed its third reading in Parliament today. “The bill removes a section in the original act that ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Crown and iwi settle three decades of negotiations
    Three decades of negotiations between iwi and the Crown have been settled today as the Whakatōhea Claims Settlement Bill passes its third reading in Parliament, Treaty Negotiations Minister Paul Goldsmith says. “While no settlement can fully compensate for the Crown’s past injustices, this settlement will support the aspirations and prosperity ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • New Zealand to support PNG landslide response
    New Zealand will support Papua New Guinea’s response to the devastating landslide in Enga Province, Foreign Minister Winston Peters and Defence Minister Judith Collins have announced.   “Ever since learning of the horrendous landslide on Friday, New Zealand has been determined to play our part in assisting Papua New Guinea’s ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Government to consult on regulation of shooting clubs and ranges
      The Government is consulting New Zealanders on a package of proposals for simple and effective regulation of shooting clubs and ranges, Associate Minister of Justice, Nicole McKee announced today.   “Clubs and ranges are not only important for people learning to operate firearms safely, to practice, and to compete, ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Successful New Caledonia repatriation winds up, need for dialogue remains
    Over 300 people have been successfully flown out of New Caledonia in a joint Ministry of Foreign Affairs and Trade (MFAT) and New Zealand Defence Force (NZDF) operation.   As of today, seven New Zealand government aircraft flights to Nouméa have assisted around 225 New Zealanders and 145 foreign nationals ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Minister to Singapore for defence, technology talks
    Defence and Science, Innovation and Technology Minister Judith Collins departs for Singapore tomorrow for defence and technology summits and meetings. First up is the Asia Tech X Singapore Summit, followed by the Five Power Defence Arrangements Defence Ministers Meeting and wrapping up with the Shangri-La Dialogue for Defence Ministers from ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major investment in teacher supply through Budget 24
    Over the next four years, Budget 24 will support the training and recruitment of 1,500 teachers into the workforce, Education Minister Erica Stanford announced today. “To raise achievement and develop a world leading education system we’re investing nearly $53 million over four years to attract, train and retain our valued ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Joint statement on the New Zealand – Cook Islands Joint Ministerial Forum – 2024
    1.  New Zealand Deputy Prime Minister and Minister of Foreign Affairs Rt Hon Winston Peters; Minister of Health and Minister for Pacific Peoples Hon Dr Shane Reti; and Minister for Climate Change Hon Simon Watts hosted Cook Islands Minister of Foreign Affairs and Immigration Hon Tingika Elikana and Minister of Health Hon Vainetutai Rose Toki-Brown on 24 May ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Middle East, Africa deployments extended
    The Government has approved two-year extensions for four New Zealand Defence Force deployments to the Middle East and Africa, Defence Minister Judith Collins and Foreign Minister Winston Peters announced today. “These deployments are long-standing New Zealand commitments, which reflect our ongoing interest in promoting peace and stability, and making active ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Climate Change Commission Chair to retire
    The Climate Change Commission Chair, Dr Rod Carr, has confirmed his plans to retire at the end of his term later this year, Climate Change Minister Simon Watts says. “Prior to the election, Dr Carr advised me he would be retiring when his term concluded. Dr Rod Carr has led ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Inaugural Board of Integrity Sport & Recreation Commission announced
    Nine highly respected experts have been appointed to the inaugural board of the new Integrity Sport and Recreation Commission, Sport & Recreation Minister Chris Bishop says. “The Integrity Sport and Recreation Commission is a new independent Crown entity which was established under the Integrity Sport and Recreation Act last year, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • A balanced Foreign Affairs budget
    Foreign Minister Winston Peters confirmed today that Vote Foreign Affairs in Budget 2024 will balance two crucial priorities of the Coalition Government.    While Budget 2024 reflects the constrained fiscal environment, the Government also recognises the critical role MFAT plays in keeping New Zealanders safe and prosperous.    “Consistent with ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New social housing places to support families into homes
    New social housing funding in Budget 2024 will ensure the Government can continue supporting more families into warm, dry homes from July 2025, Housing Ministers Chris Bishop and Tama Potaka say. “Earlier this week I was proud to announce that Budget 2024 allocates $140 million to fund 1,500 new social ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand’s minerals future
    Introduction Today, we are sharing a red-letter occasion. A Blackball event on hallowed ground. Today  we underscore the importance of our mineral estate. A reminder that our natural resource sector has much to offer.  Such a contribution will not come to pass without investment.  However, more than money is needed. ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government sets out vision for minerals future
    Increasing national and regional prosperity, providing the minerals needed for new technology and the clean energy transition, and doubling the value of minerals exports are the bold aims of the Government’s vision for the minerals sector. Resources Minister Shane Jones today launched a draft strategy for the minerals sector in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government progresses Māori wards legislation
    The coalition Government’s legislation to restore the rights of communities to determine whether to introduce Māori wards has passed its first reading in Parliament, Local Government Minister Simeon Brown says. “Divisive changes introduced by the previous government denied local communities the ability to determine whether to establish Māori wards.” The ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • First RMA amendment Bill introduced to Parliament
    The coalition Government has today introduced legislation to slash the tangle of red and green tape throttling some of New Zealand’s key sectors, including farming, mining and other primary industries. RMA Reform Minister Chris Bishop says the Government is committed to  unlocking development and investment while ensuring the environment is ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government welcomes EPA decision
    The decision by Environmental Protection Authority (EPA) to approve the continued use of hydrogen cyanamide, known as Hi-Cane, has been welcomed by Environment Minister Penny Simmonds and Agriculture Minister Todd McClay.  “The EPA decision introduces appropriate environmental safeguards which will allow kiwifruit and other growers to use Hi-Cane responsibly,” Ms ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to Employers and Manufacturers Association: Relief for today, hope for tomorrow
    Kia ora, Ngā mihi nui ki a koutou kātoa Tāmaki Herenga Waka, Tāmaki Herenga tangata Ngā mihi ki ngā mana whenua o tēnei rohe Ngāti Whātua ō Ōrākei me nga iwi kātoa kua tae mai. Mauriora. Greetings everyone. Thank you to the EMA for hosting this event. Let me acknowledge ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government invests in 1,500 more social homes
    The coalition Government is investing in social housing for New Zealanders who are most in need of a warm dry home, Housing Minister Chris Bishop says. Budget 2024 will allocate $140 million in new funding for 1,500 new social housing places to be provided by Community Housing Providers (CHPs), not ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • $24 million boost for Gumboot Friday
    Thousands more young New Zealanders will have better access to mental health services as the Government delivers on its commitment to fund the Gumboot Friday initiative, says Deputy Prime Minister Winston Peters and Mental Health Minister Matt Doocey.  “Budget 2024 will provide $24 million over four years to contract the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Residential Tenancies Amendment Bill passes first reading
    The Coalition Government’s Residential Tenancies Amendment Bill, which will improve tenancy laws and help increase the supply of rental properties, has passed its first reading in Parliament says Housing Minister Chris Bishop. “The Bill proposes much-needed changes to the Residential Tenancies Act 1986 that will remove barriers to increasing private ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Montecassino Commemorative Address, Cassino War Cemetery
    Standing here in Cassino War Cemetery, among the graves looking up at the beautiful Abbey of Montecassino, it is hard to imagine the utter devastation left behind by the battles which ended here in May 1944. Hundreds of thousands of shells and bombs of every description left nothing but piled ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • First Reading – Repeal of Section 7AA of the Oranga Tamariki Act 1989
    I present a legislative statement on the Oranga Tamariki (Repeal of Section 7AA) Amendment Bill Mr. Speaker, I move that the Oranga Tamariki (Repeal of Section 7AA) Amendment Bill be now read a first time. I nominate the Social Services and Community Committee to consider the Bill. Thank you, Mr. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • First reading of 7AA’s repeal: progress for children
    The Bill to repeal Section 7AA of the Oranga Tamariki Act has had its first reading in Parliament today. The Bill reaffirms the Coalition Government’s commitment to the care and safety of children in care, says Minister for Children Karen Chhour.  “When I became the Minister for Children, I made ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • China Business Summit 2024
    Kia ora koutou, good morning, and zao shang hao. Thank you Fran for the opportunity to speak at the 2024 China Business Summit – it’s great to be here today. I’d also like to acknowledge: Simon Bridges - CEO of the Auckland Chamber of Commerce. His Excellency Ambassador - Wang ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Assisted departures from New Caledonia
    Foreign Minister Winston Peters has confirmed a New Zealand Government plane will head to New Caledonia in the next hour in the first in a series of proposed flights to begin bringing New Zealanders home.  “New Zealanders in New Caledonia have faced a challenging few days - and bringing them ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Assisted depatures from New Caledonia
    Foreign Minister Winston Peters has confirmed a New Zealand Government plane will head to New Caledonia in the next hour in the first in a series of proposed flights to begin bringing New Zealanders home.    “New Zealanders in New Caledonia have faced a challenging few days - and bringing ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government to rollout roadside drug testing
    The Coalition Government will introduce legislation this year that will enable roadside drug testing as part of our commitment to improve road safety and restore law and order, Transport Minister Simeon Brown says.  “Alcohol and drugs are the number one contributing factor in fatal road crashes in New Zealand. In ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister responds to review of Kāinga Ora
    The Government has announced a series of immediate actions in response to the independent review of Kāinga Ora – Homes and Communities, Housing Minister Chris Bishop says. “Kāinga Ora is a large and important Crown entity, with assets of $45 billion and over $2.5 billion of expenditure each year. It ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pseudoephedrine back on shelves
    Associate Health Minister David Seymour is pleased that Pseudoephedrine can now be purchased by the general public to protect them from winter illness, after the coalition government worked swiftly to change the law and oversaw a fast approval process by Medsafe. “Pharmacies are now putting the medicines back on their ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand-China Business Summit
    Tēnā koutou katoa. Da jia hao.  Good morning everyone.   Prime Minister Luxon, your excellency, a great friend of New Zealand and my friend Ambassador Wang, Mayor of what he tells me is the best city in New Zealand, Wayne Brown, the highly respected Fran O’Sullivan, Champion of the Auckland business ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New measures to protect powerlines from trees
    Energy Minister Simeon Brown has announced that the Government will make it easier for lines firms to take action to remove vegetation from obstructing local powerlines. The change will ensure greater security of electricity supply in local communities, particularly during severe weather events.  “Trees or parts of trees falling on ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Wairarapa Moana ki Pouakani win top Māori dairy farming award
    Wairarapa Moana ki Pouakani were the top winners at this year’s Ahuwhenua Trophy awards recognising the best in Māori dairy farming. Māori Development Minister Tama Potaka announced the winners and congratulated runners-up, Whakatōhea Māori Trust Board, at an awards celebration also attended by Prime Minister Christopher Luxon and Finance Minister ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • DJ Fred Again – Assurance report received
    "On the 27th of March, I sought assurances from the Chief Executive, Department of Internal Affairs, that the Department’s correct processes and policies had been followed in regards to a passport application which received media attention,” says Minister of Internal Affairs Brooke van Velden.  “I raised my concerns after being ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • District Court Judges appointed
    Attorney-General Judith Collins has announced the appointment of three new District Court Judges, to replace Judges who have recently retired. Peter James Davey of Auckland has been appointed a District Court Judge with a jury jurisdiction to be based at Whangarei. Mr Davey initially started work as a law clerk/solicitor with ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Unions should put learning ahead of ideology
    Associate Education Minister David Seymour is calling on the Post Primary Teachers’ Association (PPTA) to put ideology to the side and focus on students’ learning, in reaction to the union holding paid teacher meetings across New Zealand about charter schools.     “The PPTA is disrupting schools up and down the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Craig Stobo appointed as chair of FMA
    Commerce and Consumer Affairs Minister Andrew Bayly today announced the appointment of Craig Stobo as the new chair of the Financial Markets Authority (FMA). Mr Stobo takes over from Mark Todd, whose term expired at the end of April. Mr Stobo’s appointment is for a five-year term. “The FMA plays ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Budget 2024 invests in lifeguards and coastguard
    Surf Life Saving New Zealand and Coastguard New Zealand will continue to be able to keep people safe in, on, and around the water following a funding boost of $63.644 million over four years, Transport Minister Simeon Brown and Associate Transport Minister Matt Doocey say. “Heading to the beach for ...
    BeehiveBy beehive.govt.nz
    2 weeks ago

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