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News about the Economy & Employment


Government must act on RB Governor’s call


The Government may have ignored the pleas of first home buyers to take action on the housing crisis but it will struggle to ignore the Reserve Bank Governor who said ‘much more needs to be done’ to get more homes built, says Labour’s Finance spokesperson Grant Robertson.

“This Government has failed to deal with the housing crisis and effectively outsourced it to the Reserve Bank.

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Government’s housing failure puts pressure on Reserve Bank


The Government’s failure to take action on the housing crisis has put pressure on the Reserve Bank Governor who has to deal with a rampaging housing market and low inflation at the same time, says Labour’s Finance spokesperson Grant Robertson.

“This Government has given up on dealing with the housing crisis and effectively outsourced it to the Reserve Bank, giving the Bank a serious problem.

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English breaks his $6000 wages promise


Just one month into the new year Bill English has already rowed back on his election promise of real wage rises for New Zealanders, says Labour’s Finance spokesperson Grant Robertson.

“During the election campaign National promised Kiwis that the average wage would rise to $62,000 by 2018. That’s a $6600 pay rise.

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Government wipes off $5 billion in tax debt


Since coming to office, the National Government has written off $5 billion* in tax debt owed by more than a million, Labour MP Stuart Nash says.

"There are two sides to the New Zealand economy under the National government: the ‘rock star economy trumpeted by Finance Minister Bill English and the one we don’t see or hear about.

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Dunedin Hospital needs more than drip feed


An ongoing and embarrassing pattern of major building leaks and equipment failures at Dunedin Public Hospital has been revealed in papers released under the Official Information Act, Dunedin North MP David Clark says.

“Documents released under the Official Information Act tell of buckets scattered around surgical wards, water leaking into sterile areas, and a relentless pattern of equipment failures, putting patients’ lives at risk.

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National’s albatross, taxpayers’ curse


Government consideration of further corporate welfare hand-outs to SkyCity for its convention centre shows just how weak the original contract was, Labour’s Economic Development spokesperson David Clark says.

“Taxpayers will be appalled to hear that on top of the humiliating terms in the original deal, the Government is now looking to subsidise the casino operator for ongoing operating costs. 

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Turning up the heat on working conditions


A “Jobs That Count” campaign has the full support of Labour, the party’s Labour Relations spokesperson Iain Lees-Galloway says.

Organised by the Meat Workers Union, the campaign aims to put the spotlight on job insecurity in the meat processing industry.

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Failure to diversify puts prosperity at risk


Beyond the news that a long-promised surplus is unlikely, further embarrassment is hidden in the fine print of the half year economic and fiscal update, Labour says.

"National’s failure to rebalance the economy is further exposed in projections from its own forecasters, with Treasury announcing the Government is expected to drive New Zealand backwards on exports as a percentage of the overall economy,” Labour's Economic Development spokesperson David Clark says.

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Bill English’s face is redder than his books


The Government owes New Zealanders an apology for failing to deliver the surplus it spent four years and two election campaigns promising, says Labour’s Finance spokesperson Grant Robertson.

“Bill English’s face is redder than the Crown accounts. This is the political test he set himself, and he has failed.

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