Rt Hon Winston Peters has appealed to all Members of Parliament to put aside their politics and vote to send his private members Reserve Bank Amendment Bill to a select committee for further consideration.
The worst aspect of the Budget is the Government’s plan to keep selling state assets to fund programmes that should be paid from taxation and other government income streams.
New Zealand First says the Budget does little to help struggling New Zealanders off the treadmill of high costs and low wages and uses asset sales to blur the real state of the economy.
New Zealand First Leader Rt Hon Winston Peters’ Reserve Bank bill was again drawn from the Members’ Bill Ballot today.
This week the New Zealand Dollar soared to US86 cents. A high dollar means cheap imports such as flat-screen TVs and cars. But ultimately it means high unemployment and a low growth economy.
New Zealand First says predictions by analysts that the Kiwi dollar will peak at around US87 cents is a forecast for severe pain for farming communities and exporters.
Sometimes you are stopped in your tracks and left momentarily speechless by things you hear or read. Prime Minster John Key’s comments this week about our seriously overvalued dollar are a case in point.
New Zealand First says Prime Minister John Key is living in Lala Land if he believes that the popularity of the NZ dollar with currency speculators is proof of our economy doing well.
New Zealand First knows it. Manufacturers and exporters know it. And today the Reserve Bank confirmed it – our seriously overvalued dollar is damaging the economy.
NZ Manufacturers & Exporters Association – Council & CEO Forum, Christchurch
Thank you for the opportunity to speak here today.
Our economy is in serious trouble.