National has handed Telecom a new monopoly to replace its old one. As landlines go the way of the Dodo, fibre optic cable is the new natural monopoly, and we’re learning that Steven Joyce was talking to Telecom as far back as 2009 to ensure they go the lion’s share of the government handouts for fibre and a virtual monopoly in the market.
Associate Finance Minister Steven Joyce has dealt his government’s economic credibility a serious blow by attacking Labour’s costings of its fiscal plan and getting his own numbers wrong. David Cunliffe looks to be enjoying himself as he rips Joyce apart on Red Alert, in the Herald, and in the Dom. So much for Joyce’s dreams of succeeding English as Finance Minister.
The Nats can’t tell us how much their asset sales policy will cost in lost dividends and sales costs, yet they’ve magicked up some numbers with all kinds of dodgy assumptions that supposedly show Labour’s tax package doesn’t add up. Well, I suppose they would know something about borrowing for tax cuts but their attacks on Labour aren’t credible.
One of the Nats’ few constructive policies at the last election was Steven Joyce’s ultra-fast broadband project. The Nats promised $1.5 Billion investment to deliver UFB to 75% of New Zealand homes within 10 years. Almost 3 years in, their proposals have just been met with almost universal rejection from industry and consumer groups.
Following the release of OIA documentation and questioning in the House, John Key has recanted his earlier statement that he hadn’t met with […]
