Archive for February, 2011

Economic Debate – Minimum Wage Increase Positive?

The critics were keen to say MPs were paid too much, when the Remuneration Authority recommended backbench MPs’ salaries rise from a base of $131,000 a year to $134,800 a year, a 1.4% pay rise backdated to July. The authority says this is less than the rate of inflation and a figure which had applied […]

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Labour Party: Parker Shaping As Labour’s Next Michael Cullen

In freshening up his shadow cabinet, Opposition Leader Phil Goff elevated first termer Grant Robertson to be health spokesman. He has been promptly labelled by some media as having the potential to be a future leader, a bit of a stretch at this point in his political career. In the process Goff demoted Ruth Dyson […]

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Economic Debate: How To Boost Savings Rates?

Announcing its establishment in August last year, Finance Minister Bill English said the independent Savings Working Group had been given wide terms of reference. But NZ Superannuation (which the Govt is pledged not to change) was out of bounds. So was the broad taxation of capital gains or land (which it had previously said it […]

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Productivity: Govt To Set The Pace

The SWG argued vigorously the Govt should lead the way in making national savings. It recommended an urgent increase in national saving of 2%-3% of GDP, amounting to some $3bn to $5bn annually. The focus should be first on the Govt sector, and shifting it from deficit to fiscal surplus earlier than the projected date […]

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Election Poll: PM Tests “Tell-The-People, Trust-The-People”

For the first time, John Key has gone on the offensive. He is putting the trust he believes his coalition has earned in sticking to his 2008 election pledges to the test. In a reprise of the old party slogan “tell the people, trust the people” he is proposing new measures to lift NZ’s economic […]

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