The cost of National’s poorly-targeted election year budget bribe is that there’s nothing to fix the housing crisis, health funding is cut, and funding for schools is cut, says Labour’s Finance spokesperson Grant Robertson.
“As the dust begins to settle on the Government’s massive PR exercise, it’s becoming clearer than ever that National has no plan for New Zealand’s future.
The latest productivity figures from Statistics New Zealand, revealing Labour productivity fell 0.7 percent in the year ended March 2016, show Kiwis are working harder than ever before and getting less and less for their hard work, says Labour’s Finance spokesperson Grant Robertson.
“We are slipping further and further behind in a measure that matters to Kiwis’ quality of life, we’re all working harder but getting nothing extra for our efforts.
Nine years of inaction and complacency by National have left major holes in the economy that are being exploited at a cost to New Zealanders, says Labour Finance spokesperson Grant Robertson.
“On multiple fronts National's failure to be an active manager of the economy is being exposed. It's time for a Labour Government that understands that the economy is not an end in itself, but a means to create a decent life for all Kiwis.
National’s failure to manage the economy for the long run has been exposed by the latest GDP figures which show the rate of growth halving in one quarter, says Labour’s Finance Spokesperson Grant Robertson
“GDP grew by only 0.4 per cent in the December quarter, down from 0.8 per cent in the previous quarter which should worry a Government that boasts all is rosy.
The latest scorecard on National’s management of major infrastructure projects shows that the Government is letting New Zealanders down when it comes to managing significant investments, says Labour’s Finance Spokesperson Grant Robertson.
The Treasury today released the November 2016 Interim Major Projects report, representing its view of 53 high-value investments being made by government across the country.
“The report shows that 20 of these projects have ‘significant issues’ and require ‘management attention’,” says Mr Robertson.
The Government’s cabinet paper on tax avoidance by multinational companies is a half-pai kick for touch with the election looming, says Labour Finance Spokesperson Grant Robertson.
“The Government is trying to look like it is doing something on multinational tax avoidance, but this paper doesn’t go far enough. This is hardly a legacy for the Inland Revenue Minister to be proud of.
The latest Half Yearly Economic and Fiscal Update (HYEFU) provides further evidence that the economy that the National Government and Bill English have is sitting on shifting sands and leaves many people behind, Labour’s Finance spokesperson Grant Robertson says today.
“It’s easy to glance at the headline figures and see a rosy picture of government surplus and economic growth, but look harder and there is plenty for New Zealanders to be concerned about.