Business confidence in the latest NZIER Quarterly Survey of Business Opinion falling to its lowest level in three years is yet another warning of a staggering economy that cannot be ignored, says Labour's leader Andrew Little.
“This comes on the back of dairy prices falling by a third since March, plummeting wage and employment expectations and a big drop in exports.
Overseas evidence shows there are serious risks around the Government's plan to sell off state houses to social housing providers, Opposition Leader Andrew Little says.
“In the Netherlands – where community housing providers supply the majority of social housing – there has been massive mismanagement in recent years. This has included cost blow outs, allegations of personal enrichment and €1.2 billion of losses which resulted in thousands of houses being sold to foreign speculators.
The Prime Minister’s statement in Parliament yesterday that a Minister who paid a facilitation payment to unlock a free trade agreement would retain his confidence is an abhorrent development in the Saudi sheep scandal, Opposition leader Andrew Little says.