The Prime Minister promised an announcement to counter business gloom. She delivered yet another working group.
The Prime Minister’s announcement of yet another working group to try and shore up plummeting business confidence will do nothing to address the uncertainty created by the Government’s anti-growth policies, National Party Leader Simon Bridges says.
“This is a Government that believes it can talk its way out of anything – but instead of trying to shout over the conveyor belt of weak economic indicators they should be taking concrete steps to change their anti-growth policies.
“The Prime Minister talks about wanting to lift wages and grow a sustainable economy – everyone wants that. But the way to do it is to take real steps to support businesses, not driving uncertainty through endless working groups and bad policy.
“Instead Ms Ardern has announced a Business Advisory Council, a body with a chair but no members yet, and a Business Partnership Agenda that merely repackages existing, problematic policies, a third of which are working groups.
“There’s a growing sense of panic from this Government. The Prime Minister is desperately trying to deflect attention from poor economic indicators with a list of well-meaning objectives without detailing how they’ll be achieved.”
The Government inherited an economy growing at 3-4 per cent, generating 10,000 new jobs a month, strong surpluses, declining debt and a residential building boom. It is rapidly eroding that buffer.
GDP per capita has fallen to its lowest annual level since 2011. Job creation has plummeted. Business confidence is at its lowest level since the GFC. And the cost of living is rising.
“Over 90 percent of our businesses are SMEs who are really hurt by the piling on of costs, taxes and compliance. They won’t be comforted by today’s slogans and slides from the PM – with no clear economic leadership delivering a plan for our economy. . .
Business needs certainty.
Business doesn’t need yet another working group added to the plethora of working groups that are wasting time and money, delaying decisions and adding to uncertainty and nor does New Zealand.