News about the Economy & Employment

Where is the fair share for most New Zealanders?

Most New Zealanders reading the news that chief executive pay has risen 12 per cent in the last year will be wondering when they are going to get their fair share, Labour’s Finance spokesperson Grant Robertson says.

“More and more it seems the fortunate few at the top are reaping all the benefits, while people in the middle are feeling the squeeze. What has happened to the Kiwi idea that you get a fair day’s pay for a fair day’s work?

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National puts Easter trading in the too hard basket

All Labour MPs will vote against National’s move to leave Easter trading laws up to councils, Labour’s Workplace Relations spokesperson Iain-Lees Galloway says. 

“Despite this being a conscience vote, Labour MPs are united in their opposition to the Government’s moves to abrogate its duty to determine whether shops should be open over this holiday period.

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Minister must take responsibility for new OIO lapses

“Fresh revelations that cast doubt on two Overseas Investment Office (OIO) decisions show the Government’s oversight of foreign investment is practically non-existent, Labour’s Land Information spokesperson David Cunliffe says.

“New Zealanders should feel confident that our prime assets are being safeguarded by the OIO and that our international reputation is intact. International investors have to meet the Act’s good character requirements.

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Investment in infrastructure needed now

Despite the Reserve Bank highlighting the need for higher levels of capital expenditure to stimulate the economy, the Government is going to do the exact opposite, Labour’s Finance spokesperson Grant Robertson says.

“Bill English has signalled a Budget money-go-round that fails to meet the need for investment to grow the economy. He plans to cut funding for capital projects now, just as the call for investment grows.

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Government’s weak trusts inquiry lambasted

The weak and absurd scope of the Government’s inquiry into foreign trusts has been lambasted by Transparency International, Opposition Leader Andrew Little says.

“In a scathing statement released today, the anti-corruption watchdog warns that the John Sherwan-led inquiry into foreign trust disclosure rules fails to address fundamental issues raised by the Panama Papers.

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26 weeks paid parental leave the best Mother’s Day present

If National truly values motherhood, they would drop their threat to scupper 26 weeks paid parental leave, says Labour MP Sue Moroney.

“As New Zealand prepares to celebrate Mother’s Day on Sunday, John Key should remove his threat to veto Labour's initiative for 26 weeks paid leave which has majority support in Parliament.

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Com Com’s Z Energy decision anti-competitive

The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry that is needed to ensure New Zealanders pay the lowest price for petrol, Labour’s Consumer Affairs spokesperson David Shearer says.

“This is an essential industry and needs the greatest amount of competition possible, not have it reduced. Sadly, petrol is going the same way as a number of other essential industries, meaning New Zealanders are typically paying higher prices for goods here than they would in Australia.

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Full independent inquiry needed to save New Zealand’s reputation

Revelations that John Key's personal lawyer and trust advisor led a lobbying campaign to shut down a review of New Zealand's foreign trust regime makes the case for a full scale independent inquiry a matter of urgency, Labour's Finance spokesperson Grant Robertson says.

“Nothing less than an independent inquiry led by a person of the stature of a Judge with the ability to call witnesses and subpoena evidence will restore confidence from taxpayers in the fairness of our system.

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Workplace death toll still too high

It’s a damning indictment on the Government that as workers gather to remember their lost workmates on Worker’s Memorial Day, New Zealand’s workplace death toll is still far too high, Labour’s Workplace Relations and Safety spokesperson Iain Lees-Galloway says.

“At least 46 people have died at work in the last year including 16 farm workers.

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