Savings, welfare top election agenda

MARTIN KAY
Last updated 05:00 01/12/2010

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Moves to boost household savings and an overhaul of the welfare system are set to top the Government's agenda heading into next year's election, Prime Minister John Key has revealed.

He has also ruled out the complete sale of any state-owned assets if National wins a second term, saying that if the Government campaigns on any asset sales policy at the next election, it will be to offload minority holdings only.

The comments came during an exclusive Internet chat session hosted by the Stuff website yesterday.

Mr Key answered more than 40 questions over 45 minutes, ranging from the Government's plans if it wins a second term, to plans to crack down on gangs and alcohol abuse, to his golf handicap (25) and what he was having for lunch (a toasted sandwich).

He said next year's Budget would focus on policies to boost savings and investment, suggesting the Government hopes to have firm proposals from the savings working group on the table by then.

He signalled that he also wanted final proposals from the welfare working group, due to report in February, translated into policy by the next election.

"If we get a second term, there'll be continuation of the broad themes, which are economic development and lifting the overall performance of the economy. We'll spell out quite clearly the changes we'll campaign on and implement if we get a second term."

National had yet to decide whether it would propose partial state asset sales at the next election, but he firmly ruled out any complete sales.

"We're not planning total sales, and have yet to conclude whether we might entertain the idea of partial floats."

Addressing the families of the 29 men killed in last week's Pike River tragedy had been one of the hardest things he had to do as prime minister, he said.

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mike k   #32   02:09 pm Dec 02 2010

Methinks a large percentage of people on the welfare have been 'overhauling' our Goverments for a long, long time Better screening in this area & action rather than more governmental lip-service would quickly halve the numbers bludging & save the country & the rest of us tax-paying hard workers millions overnight

PC   #31   01:58 pm Dec 02 2010

Razz #28

Stop complaining and start your own business.

FC_Shaza   #30   01:26 pm Dec 02 2010

And therefore we are once again left with politics. Equity versus Equality. Both are fair. Some people think one is fairer than the other.

Razz #28 5th form economics, decrease in demand = ? Less money in. However if you are in a government sector job then you should already be aware that your job isn't about the money.

And with buying a house, you are either looking in the wrong areas, or the people you are looking to buy off still think we are in the property boom, and just can't afford to let their prized asset (house) lose value. But once again life comes back to economics, supply and demand. The house being the supply, you being the demand. and what someone is willing to pay and willing to sell at.

@Razz #28   #29   12:53 pm Dec 02 2010

house prices arent to expensive, you're being to picky - your first home doesnt need to be a mansion buy in a bad area - use your money to pay of your mortgage instead of someone else's is and then when in a few years when you've paid off enough sell up and move to a better area. and don't say it's because i live in auckland! theres houses for sale on trade me in south auckland for less than $250,000.00!!!

Razz   #28   11:28 am Dec 02 2010

The faster this country moves in this direction, the faster I am having to seriously look at getting out. My income increase for the next year will be a measly 700$ per annum due to lack of government funding in my sector. I barely scrape by as is, with GST up and everything else.

I then (depressingly) compared my job/experience salary with what people are getting paid in Australia, and it's 20K$NZ more. Even if cost of living was much higher in Aussie, it's still a benefit for me to move. Middle NZ is getting nowhere with National, and it got no where with Labour. Labour wants to help the bludgers, and National wants to help the rich. What about ME? What about 80% of NZ who can barely buy food and pay rent! Not mortgage, RENT! Cause I can't afford to buy my first home because house prices are too expensive!

Someone needs a complete overhaul of NZ, or more people like me are going to leave this country, THAT I LOVE! And move somewhere else.

Bruce   #27   11:46 am Dec 01 2010

It would be unwise to part-sell assets at this time, we need to invest our spare capital in growing the economy, creating new jobs and improving business and worker incomes through investment in new plant and R and D and developing added value from local resources.

Why are private investors not forming companies, or existing companies not forming joint ventures and floating shares, so they can buy the farms of Crafar, the farm assets of SCF and invest in or own dairy production plants. Has no one an investment plan to be a competitor to Fonterra, rather than various groups of foreigners? This is the obvious company for the local stockmarket to embrace - so why is this not happening?

Is buying houses sans any CGT, or the government part-selling shares in state assets, the extent of our local "capitalist" entreprenuerial vision? It's still inept.

cm   #26   11:40 am Dec 01 2010

Key said that claims less than $10k will be sorted by Christmas. Given that there are 125,000 odd claims that seems impossible.

Perhaps EQC and Key can explain why I got a letter today saying that the assessment process is still going to take another 6 months.

Perhaps by Christmas he means Christmas 2011 or 2012?

Faafetai Taase   #25   10:53 am Dec 01 2010

National are expanding the centre-right foundation, that does not mean moving further to the right, but broadening the centre to, move more and more of New Zealand towards prosperity, and independence. There will always be a need for Welfare, but there is no need for a lifetime of dependence - its all about legislating Dignity into the lifeblood of our country.

Pete   #24   10:47 am Dec 01 2010

So basically nothing to boost jobs and get people into work - just kicking them while they're down and some generic comment about focusing on 'economic development' - which has worked so well so far.

Savings and investment, lifting economic performance and welfare changes will do nothing/little to allow unemployed/underemployed families to do better - and will drive up crime rates, and social/income inequality.

How's that 'better future' promised at the last election tasting?

Charlie   #23   10:25 am Dec 01 2010

Any educated person would recognize that John Key is the biggest hope NZ has at the moment from escaping the hole Labour has dug NZ into which set us into the brink of being a developing country and i would definitely be supporting John Key in his " economic development and lifting the overall performance of the economy" because New Zealand really really need this, we are quite capable but some of the government policies and loans done in the past will take time, more than a single term for National to correct.


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