INDEPENDENT NEWS

Kiwis Paying For Crisis Of Confidence

Published: Wed 23 Aug 2000 04:26 PM
New Zealanders are paying the cost of the Government's gutting of confidence in the New Zealand economy, National Finance spokesperson Bill English said today.
"As the dollar reaches historic lows a lot of New Zealanders are starting to realise they're getting poorer.
"Government policies and low confidence have driven the Kiwi way below where anyone expected it to fall.
"Anyone who expects Dr Cullen to fix it by pulling a rabbit out of the hat is bound to be disappointed.
"That means that for hard-working New Zealanders petrol prices will continue to rise.
"Other prices - such as cars - which have been held back while importers waited for the dollar to recover are now bound to go up," Mr English said.
Ends

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