INDEPENDENT NEWS

Take Responsibility For That Which Is Yours

Published: Tue 17 Oct 2000 03:54 PM
New Zealand has not experienced such a convergence of negative economic indicators in over a decade, said ACT Leader Hon Richard Prebble.
An Institute of Economic Research survey released today shows that business trading was flat in the last quarter and that the New Zealand economy is static. Annual inflation is at three per cent and expected to rise to 4.5 per cent by the middle of next year while the dollar reached a record low last night of $US39.48 cents.
“New Zealand is integrated in, answerable to and totally dependant on an international marketplace. While factors like the oil prices are not the Government’s responsibility, they must take responsibility for those factors that are.
“Businesses are increasingly having margins squeezed through compliance costs in ACC and the Employment Relations Act. Big businesses are able to absorb these increases or move offshore. It is small businesses and their employees who will be ground under. Inevitable national wage award demands, the threat of whole industry strikes, and a dismal consumer outlook will see many New Zealand small businesses at breaking point by Christmas.
“The Government’s answer is to stage a public relations exercise. By inviting “vetted” business guests to a chinwag, and announcing export guarantees and R tax breaks for the select few, Helen Clark hopes to deflect debate from the fact that New Zealand is becoming a third world economy.
“Our closest trading partner is now publicly bagging Helen Clark’s economic mismanagement.
“Yesterday the Australian Financial Review’s editorial slammed the “Labour Government’s ‘backward-looking’ economic agenda” and “Ms Clark’s old-fashioned “let Wellington solve it” economic agenda,” before finishing “if Ms Clark’s Labour Government continues to thumb its nose at the economic reform agenda, the world will rightly figure that New Zealand has lost the plot.”
“New Zealand is no longer combating its geographical isolation with superior policies. New Zealand must implement a 20 per cent business and personal tax rate, repeal the Employment Relations Act, and develop progressive and intelligent economic policies to attract our skilled and talented back home.
“The Government must promise a significant change in economic policies as meaningless public relations exercises will not soften the stagflation blow,” said Hon Richard Prebble.
ENDS
For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

Next in New Zealand politics

Budget 2022: A Secure Future In Difficult Times
By: New Zealand Government
Climate Investments Provide Path To Economic Security
By: New Zealand Government
Updated My Vaccine Pass For Those Who Want It
By: New Zealand Government
Following Decision To Ban Manifesto The Buffalo Mass Shooting Livestream Is Now Banned
By: Classification Office
New Zealand Poised To Welcome International Students Back
By: New Zealand Government
Commissioner, Inland Revenue Appointed
By: Public Service Commission
Labour Taking New Zealand Backwards
By: New Zealand National Party
Nosediving Forecasts Show You Can’t Trust Grant’s Figures
By: ACT New Zealand
Brain Drain Budget Taxes Kiwis Hardest, ACT Gives Relief
By: ACT New Zealand
Inequality Not Solved By Separate Māori Spend
By: ACT New Zealand
PHARMAC Funding Review Needed
By: ACT New Zealand
The Brain Drain Budget
By: ACT New Zealand
Cost Of Living Package Eases Impact On Households – 2.1 Million Kiwis To Get New Targeted Payment
By: New Zealand Government
Investing In Better Health Services
By: New Zealand Government
A Secure Future For New Zealanders’ Health
By: New Zealand Government
View as: DESKTOP | MOBILE © Scoop Media