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22 May 2013 19:40
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      Home > News > Politics

    Govt fails economic `road test': Labour

    Labour has listed promises the government made when it came to power four years ago and says it has failed to meet them.


    Labour has published a list of what it says are the government's broken promises.

    They're set out in finance spokesman David Parker's latest "road test" of government economic policies and include:

    * Close the wage gap with Australia: failed

    * Forty per cent of the super fund to be invested in New Zealand: failed

    * Higher wages for New Zealanders: failed

    * Reduce income inequality: failed

    * Create more jobs: failed

    * Build a more prosperous andambitious New Zealand: failed.

    Mr Parker questioned Finance Minister Bill English in parliament on Wednesday about the promise made four years ago that 40 per cent of the New Zealand Superannuation Fund would be invested in New Zealand.

    Mr English said it had increased from 26.6 per cent to 28.6 per cent.

    "Why is it not much different to what it was in 2008 when the government promised to lift it to 40 per cent?" Mr Parker asked.

    Mr English said Mr Parker was misrepresenting statements made at the time.


    NZN




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