282 posts | 3 images
The Government has simplified overseas investment rules to make it easier for local firms to access scarce global funds, Finance Minister Bill English says.
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Labour has given its strongest hint yet that it would raise the age of eligibility for New Zealand Superannuation.
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Australian Treasurer Wayne Swan and New Zealand Finance Minister Bill English today made significant progress towards a Single Economic Market at their annual bilateral meetings held in Brisbane.
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The Government is working with local body representatives to investigate setting up a "bond bank" to help councils finance up to $30 billion of planned infrastructure over the next decade, Finance Minister Bill English says.
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Finance Minister Bill English will meet Australian Treasurer Wayne Swan in Brisbane on July 16 to discuss the portability of retirement savings between New Zealand and Australia.
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The Government has extended a key trade guarantee paving the way for more New Zealand exporters to sell their goods and services to United States authorities, Finance Minister Bill English says.
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The Government has authorised a $33.7 million injection to three Crown-guaranteed National Provident Fund schemes to help cover lower than expected returns, Finance Minister Bill English says.
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Structural imbalances that have become a handbrake on the economy are laid bare in gross domestic product data for the March quarter issued today, Finance Minister Bill English says.
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The Government is extending its short-term trade credit insurance guarantee for exporters by $100 million, Finance Minister Bill English says.
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The National Government remains committed to Adult Community Education (ACE) and will continue to invest $124 million in these courses over the next four years, Acting Education Minister Bill English says.
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Encouraging news today from two credit ratings agencies reflects the Budget's credible and balanced approach to helping New Zealanders through the recession, Finance Minister Bill English said.
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The National-led Government is managing the economy far better than Labour would have and this is proven by Phil Goff’s desire to borrow more and send the country deeper into debt, Finance Minister Bill English says.
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New Zealand schools, telecommunications, roads and hospitals will be strengthened through substantial infrastructure funding announced in the Budget, Infrastructure Minister Bill English says.
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Treasury estimates showed that without policy changes, gross government debt would rise alarmingly, reaching 48 per cent of GDP by 2013 and 70 per cent of GDP – or about $227 billion – by 2023.
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The Government remains committed to lower personal income taxes.
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Budget 2009 will help New Zealanders through the recession by supporting thousands of jobs, Finance Minister Bill English says.
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Line-by-line departmental reviews have freed up $2 billion over the next four years that will be put back into Government priorities such as boosting frontline services, Finance Minister Bill English says.
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Keeps the economy going amid global turmoil  Budget 2009 takes steps to ensure New Zealanders are cushioned from the sharpest edges of the worst global recession since the 1930s.
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AUCKLAND — Infrastructure Minister Bill English has announced appointments to the new National Infrastructure Advisory Board.
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A new 12-year government bond may be a step towards introducing even longer-dated bonds as part of the Government’s borrowing programme, Finance Minister Bill English said today.
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Finance Minister Bill English announced two new appointments to the Reserve Bank's board of directors today.
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The Budget next month will map out a road for economic recovery, as well as a credible plan for getting the government's deteriorating finances in order, Finance Minister Bill English said today.
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New Zealand households will get a billion-dollar-a-year boost from tax cuts which take effect this week, Finance Minister Bill English and Revenue Minister Peter Dunne said today.
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New Zealand households will get a billion-dollar-a-year boost from tax cuts which take effect this week, Finance Minister Bill English and Revenue Minister Peter Dunne said today.
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The Government's new tax policy work programme will focus on better positioning New Zealand in the world economy and maintaining tax revenue during the current global economic crisis, Finance Minister Bill English and Revenue Minister Peter Dunne said today.
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The Government has approved $115 million of spending on new carriages and locomotives for KiwiRail and the establishment of a small unit within Treasury to manage the next stages of its infrastructure programme.
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News that Standard and Poor's has placed a negative outlook on New Zealand's external credit rating vindicates the urgency with which the Government is implementing its economic plan, Finance Minister Bill English said today.
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Cheung Kong Infrastructure Holdings Ltd's proposed acquisition of the business assets of New Zealand Steel Mining Ltd, a subsidiary of BlueScope Steel Ltd, has been declined, says Finance Minister Bill English.
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The Terms of Reference for the Ministerial Inquiry into the disclosure of the funding shortfall in ACC's Non-Earners Account has been released by Finance Minister Bill English today.
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KiwiSaver changes introduced to parliament today will make the scheme more affordable for members, employers and taxpayers, especially in the current economic climate Finance Minister Bill English said today.
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"Former ACC Minister Maryan Street has given two different accounts about when she came to know about the $1 billion blow out in the ACC Non-Earners' Account," says ACC Minister Nick Smith.
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Finance Minister Bill English has today released the Briefing to the Incoming Minister of Finance from the Treasury.
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Finance Minister Bill English and Revenue Minister Peter Dunne have welcomed the signing in Washington today of a protocol that updates the double tax agreement between New Zealand and the United States.
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The Acting Prime Minister, Bill English, is congratulating the Kiwis on winning the 2008 Rugby League World Cup.
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In the House, National Party Deputy Leader and Finance Spokesman, Bill English, debates the Labour Government's Budget.
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National's Finance spokesman Bill English says Michael Cullen's latest justification for smaller tax cuts - the effect on interest rates - makes it clear that he is doubly responsible for Labour's lack of tax relief, and the size of whatever cuts he serves up next week.
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"Australia has significantly upped the ante in the global competition to attract talented and skilled Kiwis," says National Party Finance spokesman Bill English.
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"In the run up to the Budget, Michael Cullen must be alarmed by the information which appears to be leaking out of his office about the deal to buy Toll's rail business," says National Party Finance spokesman Bill English.
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"Labour's self-serving Electoral Finance Act is so confused that the Finance Minister has been forced to get legal advice on whether Budget documents are an election advertisement," says National's Deputy Leader, Bill English.
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Labour's view that an unexpected 29,000 job loss is not bad news shows how dangerously asleep at the wheel of the economy this Government is, says National's Finance spokesman, Bill English.
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"Helen Clark's declaration that interest rates will come down because of the move to postpone climate change taxes is an admission that Labour's policies have pushed interest rates higher for longer."
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National Party Deputy Leader Bill English says Labour's plan to rort election laws by piggy backing off departmental advertising is already in full swing.
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National Party Deputy Leader Bill English says Labour can't be trusted to play by the rules in election year, and Helen Clark's backing of Mike Williams is testament to her failing judgment.
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"Does Labour plan to use government department publicity as part of its election campaign or not?"
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National Party Finance spokesman Bill English says the Crown accounts for February suggest that Michael Cullen is borrowing more for his election-year spend-up.
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National Party Deputy Leader Bill English says Annette King has told Parliament that Labour will include the 20 cent cost of one Labour Party brochure in its election spending after the Electoral Commission ruled it was an election ad.
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National Party Deputy Leader Bill English says the Electoral Commission should make it clear why it does not appear to be investigating potential breaches of self-serving election laws by Labour's support parties.
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"Labour's complicated and self serving Electoral Finance Act is turning out even worse than any of its critics expected," says National Party Deputy Leader Bill English.
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"Every member of the Labour-affiliated EPMU will be taxed to fund anti-National attack ads in election year," says National Party Deputy Leader Bill English.
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National Party Deputy Leader Bill English says the Electoral Commission's decision to allow a Labour Party affiliate to register as a third party makes a mockery of election spending limits.
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From tomorrow, workers should have been celebrating a tax cut, instead they're left wondering whether Labour has forgotten them, says National Party Finance spokesman Bill English.
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National Party Finance spokesman Bill English says people on the average wage are paying more and more tax to fund Labour's next round of election promises.
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National Party Finance spokesman Bill English is releasing two charts that show the trans-Tasman after-tax wages gap has accelerated under Labour.
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National Party Finance spokesman Bill English says the housing policies announced yesterday by Labour are an admission of both guilt and failure.
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National Party Deputy Leader Bill English has tabled an amendment to Labour's fatally flawed Electoral Finance Act, "to fix one of the many stupid aspects" of the controversial law, rushed through Parliament late last year.
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Possibilities for new trade and access to new imported products for further manufacture and sale here will be blocked till a new law resolving biosecurity issues is passed, Biosecurity Minister Jim Anderton said today.
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"Labour has today confirmed the fund is likely to provide only $20 million for research in its first year, a far cry from the $85 to $100 million promised by Helen Clark.
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National Party Finance spokesman Bill English says in the interests of transparency, Labour should lay out the precise funding mechanisms for the so-called Fast Forward Fund.
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National Party Finance spokesman Bill English says Michael Cullen has already broken one of his so-called four tests by 'borrowing' for tax cuts.
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National Party Deputy Leader Bill English says Labour has blatantly broken its own rules on providing home addresses on election advertising after describing National's concerns about the issue as 'paranoid'.
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"The Reserve Bank's announcement that interest rates will remain higher for longer will make Michael Cullen the only happy home owner in New Zealand.
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National Party Finance spokesman Bill English says Finance Minister Michael Cullen has sown more doubt over his own policy to ban foreign investment in New Zealand.
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AUCKLAND — National Party Finance spokesman Bill English says Finance Minister Michael Cullen's claim that a new clause will stop the Canada Pension Plan Investment Board from taking a stake in Auckland Airport appears questionable.
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AUCKLAND — Labour's last-minute attempt to stop the Canadian Pension Plan Investment Board's bid for a minority shareholding in Auckland Airport looks like political opportunism, says National Party Finance spokesman, Bill English.
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National Party Deputy Leader Bill English is calling on the Prime Minister to reveal what was discussed in the private meeting with Labour's largest donor.
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National Party Deputy Leader Bill English says confirmation today that Mike Williams raised a diplomatic appointment for a large Labour donor with the Prime Minister needs explaining.
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National Party Deputy Leader Bill English says the public deserve to know why Helen Clark did not correct Labour Party president Mike Williams when he wrongly claimed Labour had received no donations from Owen Glenn since 2005.
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During Question Time in the House, Deputy Leader Bill English tries to elicit a straight answer from the Justice Minister about interest free loans and campaign donations.
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National Party Deputy Leader Bill English says Labour's admission that it has been using interest free loans and failing to declare the interest as a donation raises wider questions.
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National Party Deputy Leader Bill English wants to know why Helen Clark didn't correct Labour Party president Mike Williams who claimed Owen Glenn had not given her party any financial assistance since the 2005 election.
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Helen Clark needs to front up and explain her part in the murky saga over financial donations to the Labour Party by recently honoured businessman Owen Glenn, says National Party Deputy leader, Bill English.
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National Party Finance spokesman Bill English says Finance Minister Michael Cullen has described workers' approach to tax cuts as an Oliver Twist mentality – they will just come back for more.
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National Party Finance spokesman Bill English says Finance Minister Michael Cullen has described workers' approach to tax cuts as an Oliver Twist mentality – they will just come back for more.
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National Party Finance spokesman Bill English is surprised that Finance Minister Michael Cullen has already poured cold water on the suggestion he will cut taxes this year.
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National Party Finance spokesman Bill English says Labour is poised to buy into a potentially divisive argument with the Greens if it wants to advance Public Private Partnerships to complete key infrastructure projects.
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The decision to leave interest rates unchanged means more troubling news for families facing high living costs, high interest rates and worried about Christmas and back to school costs, says National Party Finance spokesman Bill English.
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National Party Deputy Leader Bill English says Labour must still reveal the full extent of its relationship with an 'independent' anti-National web-site, which has been busted using an internet protocol address owned by the Labour Party.
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National Party Deputy Leader Bill English says if Labour knows who is behind 'The Standard' then it should say so.
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National Party Finance spokesman Bill English says just as new records are being set for unaffordable housing, the worse news is that interest rates are set to remain higher for longer.
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National Party Finance spokesman Bill English says Pete Hodgson's silly sophistry on New Zealand's growth rate can't disguise the fact that New Zealand has dropped two places on the OECD ladder in two years.
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National Party Finance spokesman Bill English says the reason New Zealanders were denied a tax cut in the last Budget is because of Labour Ministers and their ill-disciplined spending.
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Multi-party talks on monetary policy will be difficult while the Labour Government is at odds with itself over the issue, says National Party Finance Spokesman Bill English.
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