Cullen could have made business less susceptible

Newmarket Business Association

Monday 6 December 2008

Cullen could have made business less susceptible

"The Government has had nine years to make New Zealand business less susceptible during an economic storm but has failed," claims a key Auckland business group.

The comments come after the Finance Minister's pre-election fiscal update today.

"When times were good, the Government should have taken the bull by the horns and sorted out some key sticking points. Business would be stronger now. If the Government had visited compliance costs, the corporate tax rate, employment law, and the Resource Management Act, business would now be in a much better position to weather an economic storm," says Cameron Brewer, head of the Newmarket Business Association.

"Dr Cullen is now throwing his hands in the air and blaming everything overseas. However he could have lessened everyone's pain if he looked after his own back yard.

"The Opposition has always said the Government was missing a great opportunity during what was a tail wind period. Sadly, the head wind has made us realise just how important that opportunity was," says Cameron Brewer.

ENDS

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