INDEPENDENT NEWS

Economic slowdown must prompt change in direction

Published: Thu 20 Dec 2018 01:51 PM
Economic slowdown must prompt change in direction
The latest quarterly gross domestic product figures should give the Government pause on its economic direction, says ACT Leader David Seymour.
“With GDP per capita no longer growing at all, the Government needs to take more seriously the concerns of small and medium-sized businesses.
“Jacinda Ardern and Winston Peters have spent the last 12 months piling new red tape and compliance costs onto Kiwi businesses.
“Firms will be even less able to bear new labour laws and a much higher minimum wage if the economy turns south.
“SMEs are the engine room of our economy, yet the Government has shown a complete disregard for the conditions they need to grow and thrive.
“The Government should also reconsider its massive spending plans through the Fees Free policy and the Provincial Growth Fund, totalling $5.8 billion.
“This kind of splurging might be acceptable in benign economic times, but if the economy tanks and tax revenue takes a hit, the Government will be in serious trouble.
“It should end these low-value policies and return the money to the taxpayers who earned it.”

Next in New Zealand politics

Junior doctors strike tomorrow, DHBs say they're prepared
By: RNZ
Gordon Campbell on MBIE’s social media scam
By: Gordon Campbell
New campaign for a 21th century trade agenda
By: Professor Jane Kelsey
Gordon Campbell: Thompson + Clark are the tip of the iceberg
By: Gordon Campbell
Education Provider in Interim Liquidation
By: Grant Thornton
Report: complaints about Deputy Commissioner Wallace Haumaha
By: Independent Police Conduct Authority
ASMS Advice on RMO National Strike(s)
By: Association of Salaried Medical Specialists
DHBs dispute union’s claims about bargaining
By: District Health Boards
Care around the clock to continue throughout strike
By: Canterbury DHB
Planning underway for Resident Medical Officer strike
By: MidCentral District Health Board
Nelson Marlborough Health prepares for NZRDA strike
By: Nelson Marlborough Health
New Zealand’s public healthcare crisis worsens
By: Socialist Equality Group
MBIE seeks training on managing fake online personas
By: RNZ
Exporters first to benefit as CPTPP takes effect today
By: New Zealand Government
Nats welcome TPP tariff cuts - focus must move to US
By: New Zealand National Party
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media