EQC has admitted it didn’t know its full Canterbury claims liability at the same time it was reducing the Government’s ultimate liability to let Bill English scrape together a surplus, says Labour Finance spokesperson Grant Robertson.
“At the Finance and Expenditure Committee this morning the Earthquake Commission acknowledged that at the end of the last financial year they had yet to finalise a policy for loss of value claims related to increased liquefaction vulnerability nor did they know the number of properties affected by increased flooding vulnerability.
Gerry Brownlee can’t get away with his usual bluff and bluster in response to Treasury’s scathing critique of the Christchurch anchor projects, Labour Finance spokesperson Grant Robertson says.
“Mr Brownlee has a reputation for barging through any questions or criticisms. He’s trying to do that again today after Treasury put red ratings on the Canterbury anchor projects, meaning they may not be delivered successfully.
Southland’s low consumer confidence reflects the Government’s terrible record when it comes to regional growth, says Economic Development spokesperson David Clark.
“The latest ANZ Regional Trends report shows a massive drop in consumer confidence in Southland over the last year from a net positive 22 per cent last year to negative 7.2 per cent today, the lowest in the country.
Treasury – the department responsible for preaching fiscal prudence – has breached its staff cap by 64 full time equivalent staff and now pays almost 50 people over $180,000, Labour Finance spokesperson Grant Robertson says.
“Figures from Treasury’s annual review show the department needs to put its own house in order before lecturing New Zealanders and other departments about spending restraint.
The Government needs to take a close look at practices that may be forcing Kiwis to pay more for their insurance or preventing them from taking out insurance, Labour's Commerce spokesperson Kris Faafoi says.
"A report released today raises some questions around the nature of the insurance sales market and whether customers are getting a fair deal.
Labour’s State Services spokesperson Kris Faafoi is calling for the Auditor-General and the State Services Commissioner to investigate concerns that taxpayer money and departmental resources are being used for political campaigning.
“Documents released to Labour under the Official Information Act reveal Housing NZ staff working with ‘National HQ’ on filtering data for a roadshow to promote the Government’s Homestart scheme.
New Zealand is now 15th in the OCED for unemployment – a big drop from first ten years ago, Labour Finance spokesperson Grant Robertson says.
“Our current OECD ranking is the equal worst we have had since the 1990s. The two times we have been 15th have come under this National Government, which came to power at 10th in the developed world and hasn’t got above 9th place.
Bill English’s failure to diversify the economy or control the housing bubble is increasing the risks to financial stability identified by the Reserve Bank Governor today, Labour Finance spokesperson Grant Robertson says.
“Graeme Wheeler must be getting sick of sounding like a broken record. In each recent financial stability report he says risks from the dairy and housing sectors are increasing. But each time Bill English ignores him.