News about the Economy & Employment

Treasury forecasts a deficit for next year too

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.

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Labour reforms encourage bad employers to be bullies

The Government’s changes to labour laws have created a climate that allows bad employers to bully their workers, Labour’s spokesperson for Labour Issues Iain Lees-Galloway says.

“Tauranga worker Bertie Ratu was threatened by her employer Talley’s for asking her local MP Te Ururoa Flavell on Facebook to sign a petition supporting the meat workers’ negotiations with the company.

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People trying to save lives don’t deserve abuse

WorkSafe New Zealand staff trying to save lives on farms shouldn’t be subjected to a tirade of verbal abuse from a Member of Parliament, Labour’s spokesperson for Labour Issues Iain Lees-Galloway says.

“Chester Borrows has labelled WorkSafe New Zealand officials ‘dickheads’ for trying to improve safety on our farms.

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Surplus: The biggest broken promise ever

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.

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McDonald’s serves up some McHappiness

Unite Union and McDonald’s have given New Zealand a perfect way to celebrate May Day by reaching a settlement that strikes another blow against zero-hour contracts, Labour spokesperson for Labour Issues Iain Lees-Galloway says.

“Earlier this week it looked like Unite and McDonald’s had reached an impasse in negotiations.

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Cracks showing in economy of milk and houses

Fonterra’s latest cut to its forecast farmgate payout confirms that an economic black hole of $7 billion is opening up that will seriously affect the regions, says Labour’s Finance spokesperson Grant Robertson.

“The cut confirms the long term trend of a fall in global milk prices due to an upcoming international supply glut set to last five years. With global milk prices slashed in half since the February 2014 peak, there is little doubt the forecast cash payout will fall too.


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Worker safety top of mind tomorrow and beyond

Workers’ Memorial Day, commemorated tomorrow, is both a time to reflect and to encourage a better safety culture in all workplaces, says Labour’s spokesperson for Labour Issues Iain Lees-Galloway.

“On Worker’s Memorial Day, working people across New Zealand will remember those who have been killed and injured at work and their families.

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New holiday reflects significance of Anzac Day

Anzac Day now has the full recognition that other public holidays have long enjoyed, reflecting the growing significance it has to our sense of identity and pride as a nation, Labour MP David Clark says.

“The importance of the 100th Gallipoli commemorations should not be underestimated, with more New Zealanders than ever turning up to Anzac services this weekend.

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National admits loan shark law not up to it

National has admitted new laws to crack down on loan sharks, truck shops and dodgy credit merchants aren’t up to the task of protecting vulnerable consumers, Labour’s Commerce spokesperson Kris Faafoi says.

“Paul Goldsmith has acknowledged the laws might just be good enough for now. However it’s clear from people dealing with families who fall victim to loan sharks that the law changes don’t go far enough.

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