With the ACT Party dead and the Maori Party dying, National is running out of coalition partners to get it over the line next year. One of the nightmare scenarios for the Left is NZF topping the 5% threshold and going in to coalition with the Nats. I think that scenario just got a lot less likely.
NZF’s policy is to buy back privatised assets at cost. Shearer is not ruling it out:
Labour leader David Shearer won’t rule out supporting Winston Peters’ policy of buying back Mighty River Power shares at cost if they form the next Government.
Mr Peters said he would be happy for a Government of which he was a part to borrow or to use the superannuation fund to buy back shares at no more than cost.
What if Winston holds the balance of power in 2014?
Mr Peters said his NZ First party was renowned for going into negotiations “knowing what we want and getting what we want”.
Although Key has been happy to leave the possibility of working with the dreaded Peters open, there is no way that he could ever agree to this. If Winston sticks to his guns the door to a coalition with the Nats is closed. But Shearer might agree, enabling a Left wing coalition, and forcing the buy-back of shares. Just a little something for potential investors to consider…