Tuesday 18th Jul 2000
Media Release -- Economy
ACT Finance spokesman Rodney Hide says Finance Minister Michael Cullen remains “in denial” and has to accept some
responsibility for the poor business outlook, confirmed again by the quarterly survey, carried out by the New Zealand
Institute of Economic Research.
“Michael Cullen is still in denial mode blaming the drop in business confidence on world events, the Reserve Bank and
the ACT party for criticising poor Government policy,” Mr Hide said.
“Michael Cullen’s denial just reconfirms for business that the Finance Minister is seriously out of touch and he must
face up to the lack of business confidence as the first step to achieving business recovery.”
Mr Hide said the Finance Minister must accept the devastating effect the tax hike, the re-nationalisation of Accident
Insurance and the Employment Relations Bill have had on the mood of investors and employers.
“It’s time that Michael Cullen provided a positive programme for business, for investment and for jobs. Cancelling the
Employment Relations Bill would be a good place to start,” Rodney Hide said
For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at