New Zealand Labour Party

Bill English is Finance Minister not financial advisor

Bill English had reduced himself to acting as a financial advisor rather than Finance Minister, warning Aucklanders about the housing market, instead of fixing it, Labour’s Housing spokesperson Phil Twyford says.

“It is remarkable that the best the Finance Minister can do to tame the out-of-control housing market is warn Aucklanders to be careful buying a house. That’s the sort of advice people seek when going to a financial advisor. It’s not what they want to hear from their Finance Minister.

“Mr English has delegated the housing crisis to the Reserve Bank and is now just a spectator on the economy.

“In his next career move he will make an excellent financial commentator but that’s not what New Zealanders need right now,” Phil Twyford says.