INDEPENDENT NEWS

Economic transformation papers offer nothing new

Published: Tue 7 Nov 2006 03:09 PM
‘Economic transformation’ papers offer nothing new
The economic transformation papers Trevor Mallard released today are simply a grab-bag of obvious initiatives grouped under cute headings, says National Party Finance spokesman John Key.
“Trevor Mallard has outlined five themes, including ‘growing globally competitive firms’, ‘developing world-class infrastructure’, and ‘making Auckland an internationally competitive city’.
“These are obvious aims and the grab-bag of initiatives grouped under these and other cute headings are all obvious as well.
“But economic transformation does not come about because of rhetoric. These papers are a regurgitation of existing policies and buzzwords.
“These papers do not address some of the major issues that are holding New Zealand back – like the Resource Management Act, the increase in the size of government relative to the economy as a whole, and comprehensive tax reform.
“The business tax review is mentioned but there are no specifics, and there’s no mention of other taxes.”
Ends

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