The Government is planning to spend up to $100 million from the sale of one SOE, Mighty River Power, to prop up another SOE, Solid Energy. And the Prime Minister thinks one day that it definitely isn’t and the next day it may but it probably won’t and it is all too complex. Confused?
No Right Turn on National’s science funding scam. Read it in conjunction with this piece in Stuff today on falling numbers of senior students following National’s axing of the postgrad student allowance. Welcome to the Brighter Future.
Welcome to Poverty Watch, a weekly update on National’s lack of response to the urgent and growing issue of poverty in NZ. This week – reaction to the budget’s lack of significant action on poverty, and CPAG’s court case on the In Work Tax Credit.
A video of John Key’s “Labour is the Devil Beast” budget speech.
Nothing on poverty. Nothing on affordable housing. House prices forecast to keep rising. Attacks on local democracy. More fear into the lives of the poor (reviewable tenancies). Stealth privatisation of state housing, sorry, ‘social housing’. A ‘surplus’ of 0.03% of GDP. Weak growth outlook. $200b national debt. And a promise of 171,000 more jobs that’s just as credible as the last one.
Budget links and reaction (updates to come).
Four years of misguided austerity have delayed any recovery.
Despite the advance publicity there is nothing significant here for families in poverty.
This morning David Shearer gave Labour’s “pre budget” speech. No new policy, but plenty of good one-liners and a strong statement of Labour’s position.
