New Zealand Labour Party

Joyce backs away from yet another target

Steven Joyce has backed away from two targets in two days, refusing to acknowledge that his Government has an unambitious aim to get unemployment down to 4 per cent in 11 years’ time, says Labour Associate Finance spokesperson David Clark.

“Steven Joyce is running scared of his own targets, either changing the goalposts for measuring them or – now – denying the very existence of these targets.

“MoBIE’s Statement of Intent contains a goal to get unemployment down to below 4 per cent by 2025. Steven Joyce put his signature on it just two weeks ago. The ink had barely dried before he backed away from it.

“It’s not even an ambitious target but obviously Mr Joyce is so concerned about the economic headwinds of his Government’s own makings he is running scared.

“This is two days in a row he’s abandoned his own targets. He and Bill English are so concerned that won’t meet their goal to get exports to 40 per cent of GDP that they switched the statistics to make it look easier.

“They don’t want New Zealanders to hear that the rock-star economy is out of tune,” David Clark says.