The Overseas Investment Office has made the right call in blocking the sale of Lochinver Station but needs to take a similar strong approach to other sales, Labour’s Finance spokesperson Grant Robertson says.
“This is the first time the OIO has blocked a foreign land sale since National changed the criteria in 2012. A lot of sensitive land has gone into the hands of foreign buyers in that time.
Bill English has finally admitted that his Budget projection of unemployment falling below five per cent ‘now looks unlikely’, Labour’s Finance spokesperson Grant Robertson says.
“In seven years of Government – including a so-called Rock Star phase – National has never got unemployment far below six per cent. In Parliament today, Bill English admitted it’s now clear that for the near future joblessness will get worse, not better.
The sale of half of Silver Fern Farms to a subsidiary of China’s Bright Foods is a result of National’s failure to reform the red meat industry despite years of decline, Labour’s Finance spokesperson Grant Robertson says.
“National had seven years to consider various proposals to reform the red meat sector to be more productive and competitive overseas. They’ve done nothing, standing by while the industry became less profitable and productive.
Treasury issued several warnings to the Government over plunging dairy prices – but John Key ignored them and continued to publicly downplay those concerns, Labour’s Finance spokesperson Grant Robertson says.
“Treasury have sent several warning notes to the Government since June that falling milk prices meant its Budget downside economic scenario was turning into reality.
On the day that NZTA has finally given up on the Basin Reserve flyover it has been revealed that they have wasted the same amount of money on it as NZTA spends on local roads in the Wellington region in a year, Grant Robertson MP for Wellington Central said.
“NZTA has spent $12.3 million on the flyover, including more than a $1 million since the proposal was rejected by a Board of Inquiry last year.
National’s agenda to run down KiwiSaver has become even clearer from a scathing critique of the Government’s justification for axing the $1000 kickstart, says Labour’s Finance spokesperson Grant Robertson.
“Since National came to power they have not only continually undermined KiwiSaver with seven cuts in seven years, they have hurt the credibility of the scheme by talking down its effectiveness.
The High Court decision rejecting the New Zealand Transport Agency’s attempts to build the Basin Reserve flyover must now mean that NZTA finally works with the community on other options for transport solutions in Wellington, Grant Robertson and Annette King Labour’s Wellington MPs say.
“We welcome the Court decision. The exhaustive Board of Inquiry process rejected the flyover because the costs simply did not match the benefits. NZTA has only itself to blame for being in this position. They have failed to look properly at other options that would not have had the effect of seriously compromising the environment and heritage of our city as the flyover would have, “Grant Robertson says.
New KiwiSaver sign-ups in July were 45 per cent below the monthly average, despite John Key saying axing the kickstart “will not make a blind bit of difference to the number of people who join KiwiSaver”, says Labour’s Finance spokesperson Grant Robertson.
“IRD’s latest figures make appalling reading for those who know that KiwiSaver is vital for bolstering our national savings and investments, and safeguarding the well-being of future generations in retirement.
The out of control Auckland housing market is now threatening the banking sector, with Standard and Poor’s downgrading the credit rating of our banks out of fear of the bubble bursting, Labour’s Finance spokesperson Grant Robertson says.
“Today we have seen ANZ, the Bank of New Zealand and Westpac cut from an A- rating to a BBB+ rating while ASB’s rating has been cut from A to A-.