The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson.
“Dairy prices are the lowest since August 2009 and have more than halved since its February 2014 peak.
Thank you very much for the opportunity to be here today. It’s a pleasure as always to be back in the town that raised me.
Growing up in St Kilda meant that there was one thing that was a big part of my life- the beach. I was never much of a surfer myself, but there were plenty around me who were. I didn't need the Met Service to tell me when there was an off-shore southerly. I just had to look around the empty seats during some afternoon classes. Surfing was a way of life for a lot of my classmates.
John Key must show New Zealanders in next week’s Budget that he is more than the Prime Minister for Parnell, and is also the Prime Minister for Pine Hill, Putararu and Palmerston North, Labour’s Finance spokesperson Grant Robertson says.
In a pre-Budget speech to the Otago Chamber of Commerce today, Grant Robertson said too many New Zealanders feel they are missing out on the recovery.
The Reserve Bank’s unprecedented measures today show it understands the serious risks of the overheating housing market – in complete contrast to John Key’s refusal to acknowledge the crisis, Labour’s Finance spokesperson Grant Robertson says.
“The Bank is right to take action to curb speculation but the Government’s refusal to tackle foreign speculators gives them a free hand.
The last publication of the Government’s books before the budget shows National will break its promise of seven years and two election campaigns and fail to get the books in order, says Labour’s Finance Spokesperson Grant Robertson.
“The Government is set to fail its own test and miss surplus for 2014/15 - a target it staked its economic credibility on.
The Government has once again demonstrated reckless economic management by ignoring official advice not to push ahead with controversial changes to the child support system, Labour Finance spokesperson Grant Robertson says.
“Treasury initially raised concerns in 2011, warning that Inland Revenue’s original $34 million cost estimate was low. They again raised concerns about the costings for the project in 2012. By February of 2014 Treasury, the State Services Commission and the Government Chief Information Officer all called for the project to be abandoned.
National has got its tax priorities wrong by chasing down Kiwi tradespeople but doing very little to ensure major multinationals pay their fair share, says Labour’s Finance Spokesperson Grant Robertson.
"National is desperate to scrape the tax barrel to get the books in the black next year, after failing to get into surplus this year. But its priorities are all wrong.
National has tried to get the bad deficit news out of the way before this year's Budget but Treasury’s warned next year’s books could also be in the red despite Bill English's panicked spending cuts late last year, Labour’s Finance spokesperson Grant Robertson says.
“Papers released by Treasury under the Official Information Act show last December's provisional forecasts for the half yearly update (HYEFU) predicted a $1 billion deficit for this year and a $100 million deficit for next year as well.
Bill English has failed to deliver on his double-election campaign promise of a surplus by this year, instead delivering seven deficits out of seven budgets, says Labour’s Finance Spokesperson Grant Robertson.
“The Government spent seven years and two election campaigns promising a surplus to New Zealanders this year. During last year’s election campaign John Key repeatedly told Kiwis the books were already in surplus. He was wrong and completely misled the public.