Shares in Mighty River Power go on sale today, but Labour is warning potential investors it plans to makes changes in the electricity sector if elected next year. . .
He won’t say what the changes will be, only that is was fair to warn potential investors.
“What we’re most concerned about is the rise in power prices and the fact that when these assets are sold the likelihood is that power prices are going to go up and that the companies are going to be increasingly held in foreign hands.” . .
The Labour leader is playing at being David Shearerpisos again.
There are no details on what they’d do because there is nothing they could do. If he’d asked his Finance Spokesman, David Parker, he’d know that.
Power prices went up far more steeply in the nine year’s when Labour was last in government than they have since National took over in 2008.
At a public meeting, when he was a Minister, Parker was asked about power prices and said he’d joined Labour because of Max Bradford’s electricity reforms.
In response to a question about why Labour had done nothing to reverse the changes or moderate them he said it was too late, there was nothing the government could do.
Shearer’s latest release is empty rhetoric. It displays the party’s contempt for, and ignorance of ,business and provides another reason to ensure they won’t be leading the government after next year’s election.