The weak neolib defence of asset sales

Written By: - Date published: 9:16 am, June 1st, 2010 - 23 comments
Categories: assets, class war, Economy, privatisation - Tags: ,

The neoliberal dinosaurs at Anti-dismal have presented their defence of National’s privatisation agenda by responding to my post “Privatisation: the facts“. Their responses offer an insight into the neoliberal mind:

Actually no we don’t [own the SOEs]. The government does. The government has the residual control rights over these assets and thus they own them.

In the neoliberal mind, the government isn’t an expression of society’s collective will and cooperation, it’s a business. You and I know that what the government owns it owns on our behalf. The privatisers see a business to be asset-stripped.

They may not [end up owning privatised assets] but why should we worry? The idea of the sale of any asset is to get it in the hand of whoever values the asset most highly. That may or may not be “Mum and Dads”.

Out comes the truth. The assets go to the people with money. Look closely: “whoever values the asset most highly”. Neoliberals equate value with money. Who values a loaf of bread more? A starving man with no money or a rich man who wants to sop up his soup? According the neoliberals, the one who will pay the most money. They don’t understand that an asset will be bought by the people with the most money even though others may value the asset more highly.

“Privatisation harms markets”. I’m not sure that even make sense. I’m not sure how getting more firms into a market can “harm the market” – whatever that means. The evidence tells us that privatisation increases competition in markets and I can’t see how that “harms the market”.

Oh dear. Who hear thinks the electricity market is working better now than it was when it was before the Bradford reforms that partially privatised it? The introduction of privatisation to natural monopolies has historically lead to under-investment and competition based on advertising, not quality and price.

“Privatisation leads to asset-stripping”. It may or may not. In some cases that is exactly what should happen. In a number of cases, eg NZ Rail, the business as sold wasn’t viable and thus needed reorganisation. Privatisation is a good way of doing this.

You read it here first (unless you’re one of the 6 people who read Anti-dismal): the Right supports asset-stripping. I love that they picked rail as an example of asset-stripping working. The fact is we got to the edge of losing a vital piece of national infrastructure which private owners had extracted huge profits from and then dumped back into the government’s hands, knowing it couldn’t let it collapse.

“We also get a bad deal on SOE sales.” How can we tell? If this means we don’t get the highest price possible for an asset then why worry? The idea idea for asset sales isn’t to sell at the highest price, if it was then the government should make all SOE’s into monopolises before selling them as monopolises command a higher price than competitive firms. Even Marty G should be able to see the problem with that!!!!

OK. That’s a bit of a mad rant. Selling assets at a low price is a good thing? For whom? Oh, yeah, the rich buyers, like Fay and Richwhite who made half a billion dollars by buying government assets for fire-sale prices and hocking them off quick for more.

“Kiwibank doesn’t need to be partially sold to get money for expansion. The cheapest source of capital is the government”
If this is true for Kiwibank then it is also true for all other firms and thus the government should supply the capital for all firms. To get capital allocated rationally you need the price of capital to be the market price so that it reflects the true opportunity cost of that capital.

Anyone who thinks that capitalism succeeds in rationally allocating capital needs their head read. We’ve just gone through the largest recession in generations because of mis-allocation of capital. We’re on the brink of environmental collapse because we’re expending our capital on building SUVs rather than creating clean energy. The neolibs can’t actually counter my point – if Kiwibank needs more capital, the government is the best value supplier.

23 comments on “The weak neolib defence of asset sales ”

  1. Interesting comment. It boils down to NZ Government evil, foreign corporation good!

    The nelib mindset feels like a faith based belief system rather than one based on experience.

  2. tc 2

    They have an ideology and they’re not afraid to use it……umm in fact that’s all they’ve got.

  3. BLiP 3

    Sad. They really sound like a bunch of fawning economics Honours students greasing for extra merit.

  4. Nick C 4

    It seems the evil neo-liberals have taken over the victoria university students association and are selling its assets!

    http://www.salient.org.nz/news/vuwsa-van-to-be-sold

  5. Olwyn 5

    Or a greed-based system dependent on the propagation of naive faith in others. Or an Iliad played out in terms of wealth and destitution rather than the traditional weaponry – where you get to lord it over the destitute until a bigger warrior forces you into destitution as well. In the meantime you believe in it as much as you see yourself or your team in the lording-over role, and do not want the government queering the pitch for you.

  6. Bunji 6

    Wow. I liked your original article, but I think they’ve highlighted your points even better! Often nothing makes the left’s points more obvious than listening to those on the raving right…

  7. insider 7

    I dunno, the kneejerk ideology you criticise is matched here by an equally weak ‘not on my watch’ anti privatisation agenda and petty ‘neo liberal’ name calling BTW to them that’s probably as offensive as me calling you a socialist, so the names only appeal to your fellow travellers.

    backed up by evidenceless assertions, like the one on the electricity market. Well, if you look at the evidence, there has been some real gains since that time. Reliability of the system which is what most of us want most of all – tends to be better now than in the golden era of government ownership where there were rolling power cuts and grand projects loved by faceless and unaccountable engineers but not necessarily the best for the customer. Prices are no longer cross subsidised which is better for long term decision making, and decisions over the system that affect you and me are done in the open not by a cosy club.

    If you are not kneejerk anti privatisers, are there any government assets that you would consider selling if the price were right?

    • felix 7.1

      I dunno, the kneejerk ideology you criticise is matched here by an equally weak ‘not on my watch’ anti burglary agenda and petty ‘burglar’ name calling.

      If you are not kneejerk anti burglars, is there anything in your house that you would consider letting the burglars have?

    • snoozer 7.2

      neoliberal is the name of the ideology. It’s not name calling any more than socialist is.

      “If you are not kneejerk anti privatisers, are there any government assets that you would consider selling if the price were right?”

      “If the price is right” is a tautology. Of course if the conditions needed to make me do X are satisfied I do X.

      “If you were hungry enough, would you eat a rat?”
      “Sure, if I was hungry enough to eat a rat I would eat a rat”

      The above example comes from National’s policy formation after Key took the leadership.

    • rainman 7.3

      @Insider: If you’re not a kneejerk anti-nationaliser, are there any currently private assets you would consider nationalising?

      • insider 7.3.1

        Well the government owns so much of NZ’s national scale businesses it’s hard to find one! To me it would have to be something that we desperately need as a country and that is failing badly in private ownership, and for which there are no alternatives.

        If energy security circumstances were differnt you might be able to make a case for NZ Refinery, but it is working well as it is and regulations for emergencies in place, so why bother? You could argue for the telephone network, but there are plenty of alternatives to that so what do you gain?

        Of what they already own there are some that I just don’t see the point of owning, others that I could go either way on and some I’d retain – but most of them aren’t ‘businesses’ as such.

  8. tc 8

    yes insider, TVNZ and a few of these other ‘commercially focused’ SOE’s that are surplus to requirements as not providing essential services or in a monopoly/duoploly providers scenario are long overdue for some float off to inject better management and practices.

    I thought there’s plenty of research and evidence that shows privatising essential services (power and water) escalates cost to consumer as you introduce a profit element that never existed before and in rare cases this is done properly it’s because the private partner is heavily regulated/covenanted to maintain service/investment and the prices rises are controlled…..I read it all here as links last year from memory.

    The public sector may have inefficiencies but from memory the evidence pointed to a lower cost outcome for consumers than a private/shareholder element did…..private management contracts without actually ownership leaving the public’s addresses most of your ‘best practices’ being adopted.

    I all for getting a more effective service being delivered but not selling the farm……once it’s gone it’s gone.

    • insider 8.1

      “once it’s gone it’s gone”

      I bet that’s what Labour thought when they sold off that airline 🙂

    • insider 8.2

      I’d be all for keeping part of TVNZ as long as it was reformed. Either that or boost the charter approach. I tend to see it almost as part of the education system where the state should have a role as part of building a healthy democracy.

      To me health and education are the two places where a state presence is important even though private models exist. That doesn’t mean 100% control and doesn’t mean lack of contestability.

  9. Rharn 10

    Call it what you will but to my mind the free market is nothing less than a bunch of ‘freebooters’ pillaging and raping those at the ‘coalface’ producing the wealth. The arseholes are only better than pirates in as much as they have the governments support for plundering our state assets.

    • Luxated 11.1

      I’ll admit I only skimmed this and I might get around to writing a full reply if I remember to read it in full. There is however one clear and probably not surprising thing, this response completely and utterly missed the point.

      Anyway, none of this has anything to do with my point, which is very simple: we the people do not have residual control rights over state assets, the government does, and thus the government, and not we the people, is the owner of those assets.

      As you nearly completely avoid in your post, the government derives its power and therefore its possession of assets from the people, the government has no power in and of itself only the power the people invest in it. Some things (the military for example) disturb this somewhat but that doesn’t erode the basic tenant.

      Well actually the electricity market is doing better thanks to the Bradford reforms so Marty is wrong here.

      I would like to see Marty’s evidence for this assertion: “The introduction of privatisation to natural monopolies has historically lead to under-investment and competition based on advertising, not quality and price.”

      Simultaneously making unfounded assertions about the effectiveness of privatisation while calling on Marty to provide evidence is fairly hypocritical (Not that Marty shouldn’t provide evidence mind you). Note the main page of someone’s blog isn’t what I would call a good source (no matter how good the author is or isn’t), link directly to posts which happen to be cited, hopefully making it a reasonably secondary or tertiary source.

      Later own you do actually directly cite a report, which is great. Except that you’ve really got to take ‘independent’ research institutes work with a grain of salt. When speaking about privatisation its best not to listen too closely to a group whose members include Telecom, Meridian Energy, Contact Energy and Westpac. Also when the chairman has his career described as including:


      In 1987 he established the investment banking services of Fay, Richwhite & Company Limited. Here, he was a Director and Head of Investment Banking and led a number of their M&A and capital management mandates. They included advising Bell Atlantic and Ameritech on the acquisition of Telecom New Zealand, and managing the public float of Telecom New Zealand.

      It might just pay to ignore him when he rambles on about how much ‘better’ rail in NZ was under private hands, just a little bit of self interest and justification perhaps?

      Furthermore,

      The 2009 analysis reveals little evidence to suggest that overall the economic outlook for rail has improved since 1999…

      Report published on the 23 of June 2009, Kiwirail established on the first of July the previous year. So most of that economic outlook would be down to Toll then? Granted the Government did buy the track earlier than that (2004-2005 from memory) but that won’t magically improve Toll’s performance if they don’t invest in improved services.

      Perhaps I’ll have some time later to address the post more than superficially (someone else will probably beat me to it mind you).

      P.S. Before you accuse me of such, I’m not dismissing the ISCR report out of hand just pointing out that it isn’t exactly ‘independent’ in this matter.

      P.P.S. The quote regarding Rob Cameron ISCR chairman is supposed to be cited, doesn’t seem to work. Its all on the ISCR webpage anyway http://www.iscr.org.nz/

      • Armchair Critic 11.1.1

        P.S. Before you accuse me of such, I’m not dismissing the ISCR report out of hand just pointing out that it isn’t exactly ‘independent’ in this matter.
        I read the report and found that parts of the analysis and the assumptions were just wrong. Which leads to the conclusions being wrong too.
        Otherwise, I did pretty much what you did and agree with your response to PW.
        It also occurred to me that two of the last three comments from PW that I have seen were pure link-whoring, and the other was a mix of link whoring and engaging in discussion. What’s up with that?

  10. joe bloggs 12

    this scaremongering about an orgy of asset-stripping is a clear distortion of what English has said.

    The Capital Markets Development taskforce recommended a broader range of high-quality equity offerings for retail investors by encouraging “partial listings of central and local government-owned companies, agricultural businesses like Fonterra and local subsidiaries of financial services firms”.

    That’s a world away from asset-stripping – don’t you recognise the straw-man tactics that Bill’s used to rark you up?

    • McFlock 12.1

      So the basic problem is:

      are National a threat to every NZer who isn’t a millionaire because they’ll do what they say they are considering; or are National a possible threat to every NZer who isn’t a millionaire because they’ll do something other than what they say?

      The essence of NZ “democracy” in action…

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  • The ‘Humpty Dumpty’ end result of dismantling our environmental protections
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    The KakaBy Bernard Hickey
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  • Nicola's Salad Days.
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    Nick’s KōreroBy Nick Rockel
    2 days ago
  • Study sees climate change baking in 19% lower global income by 2050
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    The KakaBy Bernard Hickey
    2 days ago
  • Weekly Roundup 19-April-2024
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    2 days ago
  • Jack Vowles: Stop the panic – we’ve been here before
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    2 days ago
  • Clearing up confusion (or trying to)
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    PolitikBy Richard Harman
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  • How to Retrieve Deleted Call Log iPhone Without Computer
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  • How to Factory Reset iPhone without Computer: A Comprehensive Guide to Restoring your Device
    Life throws curveballs, and sometimes, those curveballs necessitate wiping your iPhone clean and starting anew. Whether you’re facing persistent software glitches, preparing to sell your device, or simply wanting a fresh start, knowing how to factory reset iPhone without a computer is a valuable skill. While using a computer with ...
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  • How to Call Someone on a Computer: A Guide to Voice and Video Communication in the Digital Age
    Gone are the days when communication was limited to landline phones and physical proximity. Today, computers have become powerful tools for connecting with people across the globe through voice and video calls. But with a plethora of applications and methods available, how to call someone on a computer might seem ...
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  • Skeptical Science New Research for Week #16 2024
    Open access notables Glacial isostatic adjustment reduces past and future Arctic subsea permafrost, Creel et al., Nature Communications: Sea-level rise submerges terrestrial permafrost in the Arctic, turning it into subsea permafrost. Subsea permafrost underlies ~ 1.8 million km2 of Arctic continental shelf, with thicknesses in places exceeding 700 m. Sea-level variations over glacial-interglacial cycles control ...
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  • Where on a Computer is the Operating System Generally Stored? Delving into the Digital Home of your ...
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  • How Many Watts Does a Laptop Use? Understanding Power Consumption and Efficiency
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    2 days ago
  • How to Screen Record on a Dell Laptop A Guide to Capturing Your Screen with Ease
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    2 days ago
  • How Much Does it Cost to Fix a Laptop Screen? Navigating Repair Options and Costs
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  • How Long Do Gaming Laptops Last? Demystifying Lifespan and Maximizing Longevity
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  • Climate Change: Turning the tide
    The annual inventory report of New Zealand's greenhouse gas emissions has been released, showing that gross emissions have dropped for the third year in a row, to 78.4 million tons: All-told gross emissions have decreased by over 6 million tons since the Zero Carbon Act was passed in 2019. ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • How to Unlock Your Computer A Comprehensive Guide to Regaining Access
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    2 days ago
  • Faxing from Your Computer A Modern Guide to Sending Documents Digitally
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  • Protecting Your Home Computer A Guide to Cyber Awareness
    In our increasingly digital world, home computers have become essential tools for work, communication, entertainment, and more. However, this increased reliance on technology also exposes us to various cyber threats. Understanding these threats and taking proactive steps to protect your home computer is crucial for safeguarding your personal information, finances, ...
    2 days ago
  • Server-Based Computing Powering the Modern Digital Landscape
    In the ever-evolving world of technology, server-based computing has emerged as a cornerstone of modern digital infrastructure. This article delves into the concept of server-based computing, exploring its various forms, benefits, challenges, and its impact on the way we work and interact with technology. Understanding Server-Based Computing: At its core, ...
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  • Vroom vroom go the big red trucks
    The absolute brass neck of this guy.We want more medical doctors, not more spin doctors, Luxon was saying a couple of weeks ago, and now we’re told the guy has seven salaried adults on TikTok duty. Sorry, doing social media. The absolute brass neck of it. The irony that the ...
    More Than A FeildingBy David Slack
    2 days ago
  • Jones finds $410,000 to help the government muscle in on a spat project
    Buzz from the Beehive Oceans and Fisheries Minister Shane Jones relishes spatting and eagerly takes issue with environmentalists who criticise his enthusiasm for resource development. He relishes helping the fishing industry too. And so today, while the media are making much of the latest culling in the public service to ...
    Point of OrderBy Bob Edlin
    2 days ago
  • Again, hate crimes are not necessarily terrorism.
    Having written, taught and worked for the US government on issues involving unconventional warfare and terrorism for 30-odd years, two things irritate me the most when the subject is discussed in public. The first is the Johnny-come-lately academics-turned-media commentators who … Continue reading ...
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    2 days ago
  • Despair – construction consenting edition
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    Point of OrderBy poonzteam5443
    2 days ago
  • Coalition promises – will the Govt keep the commitment to keep Kiwis equal before the law?
    Muriel Newman writes – The Coalition Government says it is moving with speed to deliver campaign promises and reverse the damage done by Labour. One of their key commitments is to “defend the principle that New Zealanders are equal before the law.” To achieve this, they have pledged they “will not advance ...
    Point of OrderBy poonzteam5443
    2 days ago
  • An impermanent public service is a guarantee of very little else but failure
    Chris Trotter writes –  The absence of anything resembling a fightback from the public servants currently losing their jobs is interesting. State-sector workers’ collective fatalism in the face of Coalition cutbacks indicates a surprisingly broad acceptance of impermanence in the workplace. Fifty years ago, lay-offs in the thousands ...
    Point of OrderBy poonzteam5443
    2 days ago

  • PM’s South East Asia mission does the business
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    14 hours ago
  • $41m to support clean energy in South East Asia
    New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Minister releases Fast-track stakeholder list
    The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Judicial appointments announced
    Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
    BeehiveBy beehive.govt.nz
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  • Education Minister heads to major teaching summit in Singapore
    Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa.  The summit is co-hosted ...
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  • Value of stopbank project proven during cyclone
    A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Anzac commemorations, Türkiye relationship focus of visit
    Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul.    “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
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    1 day ago
  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
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    2 days ago
  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • School attendance restored as a priority in health advice
    Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Unnecessary bureaucracy cut in oceans sector
    Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Removing red tape to help early learners thrive
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    BeehiveBy beehive.govt.nz
    5 days ago
  • RMA changes to cut coal mining consent red tape
    Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Pet bonds a win/win for renters and landlords
    The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Long Tunnel for SH1 Wellington being considered
    State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
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    6 days ago
  • New Zealand condemns Iranian strikes
    Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel.    “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says.    "We are deeply concerned that miscalculation on any side could ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Huge interest in Government’s infrastructure plans
    Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Health Minister thanks outgoing Health New Zealand Chair
    Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board.   “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti.  “I have asked her to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Roads of National Significance planning underway
    The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says.  “Boosting economic growth and productivity is a key part of the Government’s plan to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Navigating an unstable global environment
    New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says.   “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States.    “We cannot afford to sit back in splendid ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ welcomes Australian Governor-General
    Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pseudoephedrine back on shelves for Winter
    Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ and the US: an ever closer partnership
    New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says.    “The strategic environment that New Zealand and the United States face is considerably more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Joint US and NZ declaration
    April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
    BeehiveBy beehive.govt.nz
    1 week ago

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