Release: National forgets pain the ‘swaps crisis’ caused Farmers

Source: New Zealand Labour Party

New Zealand’s rural communities will remember why regulations were needed to crack down on the ‘wild west’ conduct of some banks, and should be alarmed to see the National Party proposing to strip back these protections, says Labour Agriculture spokesperson Damien O’Connor.

“National have forgotten that thousands of farmers lost hundreds of millions of dollars to the big banks during the 2000s ‘interest rate swaps crisis’,” Damien O’Connor said.

“Farmers were taken advantage of through dodgy sales practices and misplaced trust of their banks, who were focussed on profit over their customers and communities.

“The National Party has proposed to scrap the Conduct of Financial Institutions Act legislation which was put in place by the Government to stop practices like those which led to the swaps mis-selling.

“The swaps crisis was cited by the Financial Markets Authority in its review of bank conduct and culture in 2018 as one of the reasons for bank conduct to be called into question. Customers were being mis-sold products they didn’t understand, which then crippled them financially.

“That report led to the very legislation National want to repeal.

“National under Christopher Luxon and Nicola Willis can’t be trusted to protect farmers who will exposed again if the legislation is overturned.

“The question has to be asked, who actually benefits from removing this law?” Damien O’Connor said.


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Upgrading our transport for the future

Source: New Zealand Labour Party

The Chris Hipkins Government is upgrading New Zealand’s transport system to make it safer, cleaner, more resilient and efficient – for now and future generations to come.

Today, we announced a nation-building transport programme which will grow the economy and create jobs, help Kiwi households and businesses cut emissions, and help Kiwis get around our regions and cities faster and safer.

Here are the details:

We’re focussed on investing in the priorities of New Zealanders. A big part of this is ensuring we make fast progress on key transport infrastructure that will support our economic growth and improve productivity, so that we can achieve our full potential as a country.

Our 10-year transport plan identifies 14 key nation-building projects to improve connectivity and keep our country moving over the coming decades.

We’ll invest in major routes like state highways across Northland, Tauranga, Waikato, and Christchurch, as well as developing new busways and rail projects in Auckland and Wellington. Plus, we’ll upgrade rail connections across the upper North Island.

The routes are:

  • Warkworth to Whangārei – State Highway 1; Te Hana to Brynderwyns, Warkworth to Wellsford and Whangārei to Brynderwyns
  • Auckland Northwest Rapid Transit
  • Auckland third and fourth rail line expansion
  • Avondale to Onehunga rail link
  • Level crossing upgrade and removal – Auckland and Wellington
  • Cambridge to Piarere – State Highway 1
  • Tauranga to Tauriko – State Highway 29
  • Wellington CBD to Airport – second Mount Victoria Tunnel and upgrades to Basin Reserve/Arras Tunnel
  • Wellington CBD to Island Bay – Mass Rapid Transit
  • Napier to Hastings – four-laning State Highway 2
  • Nelson (Rocks Road) shared path – State Highway 6
  • Richmond – Hope Bypass – State Highway 6
  • Christchurch Northern Link – State Highway 1
  • Ashburton Bridge – State Highway 1

These routes include a balanced mix of public transport and roads, to reduce congestion, manage emissions, improve safety, grow the economy and open up areas for housing.

They complement our existing investments in roads like Otaki to North of Levin, the Takitimu North Link and Melling under the New Zealand Upgrade Programme, as well as faster, more reliable public transport through Auckland Light Rail, the Eastern Busway, and City Rail Link.

They also complement the major programme of repairs and resilience upgrades that we have already funded for state highways across cyclone-affected areas like Tairāwhiti and the Hawke’s Bay which is being supported through the National Resilience Plan.

The draft Government Policy Statement invests $20.8 billion over the next 3 years and $70 billion over the next decade to upgrade our transport system –  the largest investment in road maintenance ever.

This funding gets the balance right and targets spending where it’s needed most: on reducing congestion and emissions, while boosting productivity and improving the resilience of our transport network. 

This Government inherited a road maintenance crisis. But our plan will enable a major boost to road maintenance, along with key critical new roading and public transport projects that New Zealanders want and deserve. All while continuing to invest in public transport, walking and cycling to give Kiwis around the country more choices about how they travel.


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Release: National needs to come clean on fuel taxes

Source: New Zealand Labour Party

The National Party are all over the place on funding for transport, Labour Transport Spokesperson David Parker says.

“Finance spokesperson Nicola Willis said today that National will raise Fuel Excise Duty (FED) and Road User Charges (RUC) in the same financial quarter of 2024 as the Government has set out, if not sooner,” David Parker said.

“She said National would increase the tax when inflation gets back below 3 per cent. The Reserve Bank forecasts inflation will be down to 2.7% in the September 2024 quarter, which begins on 1 July 2024. That’s when the Government proposes to increase it as well to pay for new roads and mass transport options.

“She clearly knows that National’s transport plan doesn’t add up. National needs to explain to voters how much they plan to increase FED and RUC by and whether they would increase it sooner if inflation came down faster.

“National’s Transport Spokesperson Simeon Brown and Judith Collins clearly missed the memo, with both claiming that National would not increase FED and RUC over the next three years. They obviously don’t talk to each other.

“Brown also wouldn’t provide any details about where the $9.5 billion of “private financing” their plan assumes would come from. And he has failed to say how National would fill the $2.5 billion hole in their plans after they failed to adjust their costings for inflation.

“National need to front up to voters right now and stop hiding their intentions,” David Parker said.

Release: Kiwi home buyers’ biggest losers in National foreign buyer ban reversal

Source: New Zealand Labour Party

Media reports the National Party is set to allow foreign buyers to outbid New Zealanders for homes could mean no future Government could ever reverse the policy, Labour Party Spokesperson for Overseas Investment David Parker said.

“When Labour took office in 2017, almost 20 per cent of homes in central Auckland and 10 per cent of homes in the Queenstown region were being bought by overseas buyers,” David Parker said.

“Labour fixed that in our first 100 days by banning foreign buyers before the CPTPP trade deal came into effect. If that position is reversed, countries that are part of that agreement could be allowed to purchase land in New Zealand with exactly the same rights as New Zealanders.

“But it gets worse. The “most favoured nation clause” in other trade agreements means we could have to extend the CPTPP rules for investors to other countries we have free trade agreements with, such as China and the European Union.

“If a National-ACT government allow foreigners to buy up New Zealand homes again, that law change may be irreversible without violating our international trade agreements.

“The National Party is selling out young New Zealanders who are finally getting a foot on the property ladder and who will be straight to the back of the queue if National get elected.

“Kiwi home buyers, especially first home buyers, will be the biggest losers from National’s policy reversal.

“National are out of touch with the interests of New Zealanders by threatening to reverse a policy that is popular with Kiwis and is working.

“Labour believes New Zealanders should not be outbid by wealthy foreign buyers. Whether it’s a beautiful lakeside or oceanfront estate, or a modest suburban house, this law ensures that the market for our homes is set in New Zealand not on the international market.

“The reports also raise serious questions about our productive farmland. Would National make it easier for foreign buyers to purchase farms? Why would we sell off our export base?

“National need to come clean on their plans to sell out New Zealand again.

“The foreign buyer ban is working. Now is not the time sell off New Zealander’s future,” David Parker said.


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Supporting young families

Source: New Zealand Labour Party

Labour has a proud record of supporting families, and today Chris Hipkins announced the next steps in our plan – expanding paid parental leave to partners, to ensure children get the best start in life.

We all know that the early years are the most critical time in a child’s development, and it’s important that we support young families to make sure children can thrive.  

A re-elected Labour Government is committing to four weeks Paid Partner’s Leave.The new scheme will be phased in from 1 July next year, and leave can be taken either concurrently or consecutively with the primary carer. This is in addition to the current entitlement of two weeks unpaid leave and will be paid for entirely by government.

This new scheme will further expand access to parental leave by ensuring that even if the primary carer is caring and isn’t entitled to Paid Parental Leave, their partner can take up to four weeks leave to be with them.

Our Government extended Paid Parental Leave to 26 weeks, and that’s something we’re proud of. International studies have shown that having six months of paid parental leave supports bonding and attachment – this makes a massive difference in the health and wellbeing outcomes of mothers and babies and supports a child’s development.

We believe Paid Parental Leave should be expanded on, and that it’s not a pie to be sliced up in different ways. Our additional support will provide families with more freedom and flexibility by increasing the overall entitlement to parental leave.

In addition, from March next year, Labour has committed to ensuring the government will pay a matching KiwiSaver ‘employer’ contribution to Paid Parental Leave recipients, provided they continue their own KiwiSaver. We know the unpaid nature of childcare can have an impact on New Zealander’s retirement, and that this is one of the main reasons women fall behind, so we’re taking steps to address this.

It was a Labour Government that first introduced Paid Parental Leave in 1948. It was a Labour Government that extended it to 26 weeks and now, under Chris Hipkins, Labour will extend Paid Parental Leave to partners. This shows our commitment to supporting New Zealand families.

Raising a family can be expensive. Everything from housing, to food, to transport, to childcare – we know that making ends meet can be stressful. Labour believes that parents should be able to spend more time raising their family, and less time worrying about how to afford to.

That’s why we’re taking practical steps to reduce cost of living pressures and help families get ahead. Our cost of living plan includes free doctor’s prescriptions, 20 hours free ECE for two year olds, free or half price public transport for children and young people and now GST off fruit and vegetables – and there’s more to come. You can find out more about Labour’s Cost of Living Plan here.

Find out more about Labour’s Paid Parental Leave policy here:

New Zealanders have a clear choice this election. Christopher Luxon and National will push reckless policies that will cut taxes for the wealthiest New Zealanders and cut support for everyone else. National will increase the cost of medicine, ECE and childcare, public transport and fruit and veges. Now is not the time to put Labour’s support for families at risk.


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Release: Labour will increase paid parental leave for partners

Source: New Zealand Labour Party

Labour will introduce:

  • Four weeks Paid Partner’s Leave
  • Can be taken concurrently or consecutively with Primary Carer’s Leave
  • Leave is additional to current statutory entitlement of two weeks unpaid leave

In a further boost for young families, a Chris Hipkins-led Labour government is committing to four weeks Paid Partner’s Leave.

The new scheme will be phased in from 1 July 2024 and leave can be taken either concurrently or consecutively with the primary carer. It’s in addition to the current statutory entitlement of two weeks unpaid leave and will be paid for entirely by government. 

“I’m absolutely delighted to be able to commit the Labour Government I lead after the election to expanding paid parental leave to partners,” Chris Hipkins said. 

“As a dad who took leave when my kids were born, I know that was a decision I was incredibly fortunate to make. This policy will help remove some of the financial barriers to partners taking parental leave.

“It supports all parents to be part of their babies’ youngest days, providing extra financial help when families need it most.

“Our new scheme will further expand access to parental leave by ensuring that even if the primary carer is caring and isn’t entitled to PPL, their partner can take up to four weeks leave to be with them.

“This is absolutely the right thing to do – we know that when it comes to a baby’s first few weeks, you can’t overdo support, whether that’s an extra pair of hands, sleep or cooked meals.

“This policy extends the entitlement so all partners can have the same experience.  It’s healthy for everyone in the family and is also good business – employers know that too.

“Taking time off is expensive, but most partners take leave to support their partners regardless. This policy helps support the entire family unit in those crucial early days will support a return to workforce in the longer term.”

Priyanca Radhakrishnan said Labour’s Paid Partner’s scheme will provide Kiwi families with more flexibility by increasing the overall entitlement to parental leave.

“We recognise that when Paid Parental Leave was first introduced by Labour in 2002, transfer of paid leave to partners had a very low take up, and before 2017, only one per cent of cases included leave being transferred.

“In the last five years there’s been a huge increase in partners taking advantage of parental leave.   We know our existing expansions of paid parental leave have supported this trend, and we want to continue that by removing more barriers and allowing all partners the freedom and flexibility to support their family and children,” Priyanca Radhakrishnan said.

Chris Hipkins said since 2017, Labour had worked hard to support Kiwi families around the invaluable early years.

  • Labour introduced the Best Start Payment to help families with costs.
  • Labour’s boosts to the Working for Families, along with increases to the Family Tax Credit, mean more families are eligible for and are receiving the support they deserve.
  • When Labour came into government in 2017, NZ’s 18 weeks of Paid Parental Leave was one of the lowest in the OECD.  Since then, Labour has extended this to 26 weeks.
  • Labour has increased payments for people on the maximum parental leave entitlement by more than $170 a week.
  • In this year’s Budget, paid parental leave entitlements increased from 1 July, putting an additional $51 a week into the pockets of new parents or an additional $1327 for those taking the full 26 weeks of parental leave.
  • From mid-2024, new parents will also receive a three percent government contribution to their KiwiSaver while on Paid Parental Leave, provided they continue their own KiwiSaver contributions.

“I am hugely proud of Labour-led achievements for Kiwi families,” Chris Hipkins said.

“In uncertain economic times, we need simple, clear and smart policies which provide targeted help, practical cost of living support and make things a little easier.

”Like our Cost of Living policy, including dropping GST from fruit and vegetables,  Paid Partner Leave will deliver directly for families. This is a Labour Government which puts families first.

“It was Labour that introduced PPL, Labour extended it to 26 weeks and now Labour is extending PPL to partners. This shows our commitment to families, especially when children are young.”


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Labour’s Cost of Living Plan

Source: New Zealand Labour Party

Lots of people are finding it tough right now, with prices rising right across the world. New Zealanders need a Prime Minister and Government that understand they pressures they are under – and that has a plan to take practical steps to reduce that pressure and help Kiwis get ahead by prioritising the things that matter most.

Under Chris Hipkins, Labour’s number one priority is to make life easier for New Zealand families. Our cost of living plan will deal with the pressures whānau are facing right now, while laying the foundations for a better future – without making inflation worse, like tax cuts would.

Labour will take GST off fruit and vegetables from 1 April next year, saving families around $20 a month. Food prices are stubbornly high, due to factors like high global inflation and the extreme weather events New Zealand experienced this year. By removing GST from fresh and frozen fruit and vege, we’re making it easier for families to put healthy food on the table. Find out more here.

This year, Labour removed the $5 prescription charge to make it easier for New Zealanders to access the medicines they need. This is already making a real difference for households right across the country, particularly those who have multiple prescriptions to fill on a regular basis.

Labour will increase support for low and middle-income working families, making sure that work pays and assisting with additional costs, such as transport and childcare, for New Zealanders who work, through increases to Working for Families.

We’ve extended targeted childcare assistance to half of New Zealand children, increased funding for Early Childhood Education centres to take pressure off parents, and we will extend 20-hours free ECE to two-year olds from next year.

Labour has made public transport permanently free for children under the age of 13, half priced for under 25 year-olds and one million low-income New Zealanders with a community services card. And we will protect free off-peak travel for SuperGold Card holders.

We will continue building an economy that keeps wages growing ahead of inflation and maintains record low unemployment. We’ve delivered unemployment below 4% for 24 consecutive months. In the last 30 years, unemployment below 4% has only been achieved on one other occasion, between 2004 and 2008.

We will keep a lid on debt and maintain prudent levels of Government spending and returns inflation to the Reserve Bank’s target range. We’ll also take steps to tackle the causes of inflation through improving competition and transitioning away from volatile fossil fuels.

More cost of living measures will be announced during Labour’s election campaign – so make sure to check back soon.

New Zealanders have a clear choice this election. Christopher Luxon and National will push reckless policies that will cut taxes for the wealthiest New Zealanders and cut support for everyone else. National will increase the cost of medicine, ECE and childcare, public transport and fruit and veges. Now is not the time to put Labour’s support for families at risk.


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Removing GST off fruit and vege

Source: New Zealand Labour Party

We know it’s tough right now with the rising cost of living. Buying food is an essential cost, but with high global inflation, many families are facing tighter budgets – and food can be expensive.

Chris Hipkins and Labour are focussed on supporting New Zealanders by reducing the everyday cost pressures households face, without adding to inflation.

Here are the details:

Labour has just announced the next steps in our Cost of Living Planwe will take GST off fruit and vegetables from 1 April next year, saving families around $20 a month.

One of the biggest issues for New Zealanders right now is stubbornly high food prices, due to factors like high global inflation and the extreme weather events New Zealand experienced this year. Fruit and vegetable prices have increased a lot, up 22% over the past year, as growers and supply chains felt the impacts.

We can’t control the weather, but we can do something about prices. By removing GST from fresh and frozen fruit and vege, we’re easing the pressure on Kiwis at the checkout, and making it easier to put healthy food on the table.

The Grocery Commissioner will monitor supermarkets, and report publicly to make sure that the actual cost benefits are passed on by supermarkets to New Zealanders. We will be tasking the newly established Grocery Commissioner with ensuring that supermarkets and other grocery outlets are not profiting from this policy change.

Fresh and frozen fruit and vegetables will have GST removed, but this won’t apply to canned and dried items, or to juices. There are boundaries everywhere in the tax system and we’re confident tax officials can make it work.

While this change won’t fix everything, it will make weekly shop cheaper for New Zealand families.

Chris Hipkins and Labour have a plan to take practical steps to reduce cost of living pressures and help families get ahead. Our cost of living plan includes free doctor’s prescriptions, 20 hours free ECE for two year olds, free or half price public transport for children and young people and now GST off fruit and vegetables – and there’s more to come. You can find out more about Labour’s Cost of Living Plan here.

New Zealanders have a clear choice this election. Christopher Luxon and National will push reckless policies that will cut taxes for the wealthiest New Zealanders and cut support for everyone else. National will increase the cost of medicine, ECE and childcare, public transport and fruit and veges. Now is not the time to put Labour’s support for families at risk.


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Chris Hipkins: Speech on Labour’s Cost of Living Plan

Source: New Zealand Labour Party

Here is what he said:

E ngā mana, e ngā reo, e ngā iwi, e rau rangatira ma.

Tena koutou tēnā koutou tēnā koutou katoa.

It’s fantastic to be with you today – with just 62 days until polling day.

And it’s great to be in the Hutt.

This is the area I grew up.

It’s where I was supported by loving parents, a good education and a caring community to be the best I could be.

That’s what I want for every Kiwi family.

People in the Hutt don’t ask for a lot.

And I think that’s true across the country.

They just want to know that their hard work will be rewarded with a better life for themselves and their families.

Or as Norman Kirk so perfectly put it;

“There are four things that matter to people:
they have to have somewhere to live,
they have to have food to eat,
they have to have clothing to wear,
and they have to have something to hope for.”

That’s what Labour has always stood for.

It’s what I stand for.

Bread and butter issues like good affordable housing, and especially good state housing for those most in need.

Enough income for the basics like food, clothes and power.

And opportunities for the future, something to get out of bed for every day.

That’s what my Government has been all about.

Did you know we’re building more public houses each year than any Government since Walter Nash back in the 1950s – another boy from the Hutt!

We’ve grown wages faster than inflation over the term of Government, made the largest ever increases to the minimum wage and reversed Ruth Richardson’s benefit cuts.

We’re creating hope and opportunity for the future through major new trade deals that will boost our exports as well as investing in skills and training for our young people.

I know it feels really tough right now.

We’ve been in a cycle that we’re finally starting to come out the other side of.

But while it’s been tough, we’ve never forgotten our roots, where we come from and who we are in this for.

New Zealanders need the steady and helping hand Labour provides.

Can I thank Carmel and Grant for their introductions earlier.

We are so lucky to have leaders of their skill, passion and commitment overseeing our economy and social support services.

They’ve done an incredible job.

Under Grant’s guidance the New Zealand economy has delivered eight quarters of unemployment below 4 percent.

That’s happened only twice before in our recent history. And never under such challenging global circumstances as we’ve faced post-COVID.

As we said throughout our COVID response, our job was to save lives and livelihoods – and we did both.

New Zealand’s near record low unemployment is testament to the work Grant and the team have put in to protecting and creating jobs.

I’ve often said the most important thing we could do in a cost of living crisis was to keep people in work.

And that’s what we’ve done.

When times are tough a job offers you protection.

We’ve worked hard to ensure that protection is available to as many New Zealanders as possible.

The other crucial thing to do in a cost of living crisis is ensure that nobody gets left behind.

It’s our people on the lowest incomes who have been most susceptible to the increases in prices we’ve seen over the last two years.

Carmel has ensured they’ve stayed afloat.

Carmel has guaranteed an elderly couple on Super now gets $100 more each pay to cover their basics.

That’s on top of the Winter Energy Payment that ACT wants to cut back.

Carmel ensured benefits were increased by the rate of inflation this year.

Meaning a family with children will receive an extra $40 a week.

And a sole parent will receive an extra $31 a week.

Her work has ensured there are 77,000 fewer children living in poverty since Labour took office.

Despite the most challenging economic conditions in over a generation, Labour ensured Kiwi kids did not go backwards.

Carmel and Grant, your work has been critical for Kiwi families.

You’ve proudly done all you can to make life that little bit easier for those who need a hand.

Michael Joseph Savage called it applied Christianity.

Jacinda Ardern called it kindness.

I call it the bread and butter of good government.

And there is more of it to come.

The two most important things we can do to help Kiwi households at the moment is bring down inflation and grow wages.

On inflation we’re starting to win the battle.

While there is still a way to go, most commentators are picking inflation and interest rates have peaked and that both will fall over the coming year.

That’s great news for those with a mortgage, and also those who rent.

The Government has done our bit by winding up all the COVID spending as well as looking for appropriate savings.

Since I became leader we’ve found over $4 billion in savings.

This year’s Budget was carefully balanced to ensure we didn’t add to inflationary pressure.

The Reserve Bank has confirmed our approach has been more of a friend than foe in the battle against inflation.

Projections see inflation falling to 4.5 percent by the end of this year.

And there was good news on food prices on Friday with food prices falling in July compared to June.

The first time since February last year that there’s been a monthly decrease.

We’re turning the corner.

On wages, as I’ve said our focus has been on keeping people in work while increasing incomes.

With prices and mortgages going up I know it doesn’t feel like it.

But average wage increases have outstripped inflation while we’ve been Government.

Since 2017 average hourly earnings have risen 29 percent, while inflation has gone up 22.5 percent over that period.

Our decisions to increase the minimum wage by the rate of inflation earlier this year delivered the biggest ever increase to our lowest paid workers.

We’ve ensured those at the bottom haven’t been left behind.

As an employer we’ve also taken the chance to increase wages in the public sector and to key workforces funded by government.

When Labour took office in 2017, the top of the Registered Nurses pay scale was $66,755.

When the new agreement is implemented it will be $106,738, that’s a near $40,000 increase, or just under 60 percent, in only six years.

Teachers at the top of their pay scale will have had an increase of $27,000 or 36 percent by the end of next year under this Government, compared to a 10 percent increase under the nine years of the last National Government.

In fact 67 percent of secondary teachers will now earn a base salary of more than $100,000 a year as a result of the investments we have made in this critical workforce.

Some would say this approach is crazy – increasing wages in tough economic times.

But I see it differently.

Now is exactly the time to invest in our nurses and teachers.

To funnel money into our economy to support it to grow by giving it to those who need and deserve it the most.

I’m proud of our record on wage growth, and the recognition of nurses and teachers and other vital public servants, and all they do for us.

But you didn’t come here today to just hear about our record.

Elections are about the future, about leadership and about who best represents you and your family.

I know the team hasn’t been perfect this year.

We’ve made mistakes and at times its looked like we’ve been more focused on ourselves than on New Zealanders.

I accept that.

But let me be clear, at no point have my focus or my values wavered from the job I set out to do when I became Prime Minister only 7 months ago.

I’ve put supporting families with the cost of living front and centre.

No matter what else might have been going on, that is what I’m in this role to do, and that’s my ongoing pledge to New Zealanders.

At this election New Zealanders have a real choice.

A coalition more focused on cutting jobs than creating them – or Labour and our proven record on employment.

A choice between National’s tax cuts weighted towards the wealthy – or real and ongoing cost of living support for working families.

Millionaires don’t need a tax cut right now.

I don’t need a tax cut right now.

But YOU need cost of living support and that is what Labour will provide.

Today I’m announcing the next steps in Labour’s 10 point cost of living plan to provide targeted, long term cost of living support for Kiwi families.

The first two steps are bringing inflation under control and growing wages so families can get ahead.

The next three steps were announced in this year’s Budget – free prescriptions,
cheaper childcare with 20 hours free ECE extended to two year olds,
and making public transport permanently free for under 13s and half priced for under 25 year-olds.

All of these cost of living measures are at risk under National.

They’ve said they will reintroduce prescription charges.

They don’t support 20 hours free for 2 year olds.

And kids and young people will be paying for the bus and train again under the coalition of cuts, who it seems are also committed to accelerating climate emissions.

Today I’m setting out the next two steps in our plan.

I know food is always a big cost for families.

Despite the time pressure that comes with this job, I make a point of continuing to do my own shopping.

Though it’s often online these days, keeping an eye on food prices is important to me.

While I’m incredibly lucky to earn a salary that means I don’t have to make the sacrifices at the checkout other families do, that doesn’t mean I don’t want to make life that little bit easier for everyone.

Food prices are 9.6 percent higher today than they were a year ago.

Fruit and vegetable prices in particular have increased six percent over the past year.

However, prices have been volatile, rising 22 percent in the year to June and 18 percent in the year to May, in part because of the terrible weather events we’ve faced.

The storms and cyclone have played havoc with supply chains and disrupted our growers and damaged their crops.

I can’t control the weather, but I can do something about prices.

Today I am announcing that if re-elected Labour will remove GST from fresh and frozen fruit and vegetables from the 1st of April next year.

Cutting GST from fruit and vegetables will ease the pressure on families at the checkout as we get through this inflationary cycle.
And it will help make healthy fruit and vegetables a more affordable option.

Other countries, including Australia, take GST off fruit and vegetables so there is no reason we can’t here.

In fact, most countries that have a form of GST have carve-outs for certain items, and if anything, New Zealand is currently an international outlier.

Now some people oppose this change on technical grounds and the purity of our tax system.

But they aren’t the ones worrying about their weekly food bills. They’re not the ones having to remove items from their trolley.

This policy is aimed at New Zealanders for whom every dollar at the checkout matters. I’m in it for them.

But it doesn’t end there.

Today I am also announcing that if re-elected on 1 April next year we will make the largest ever increase to the Working for Families In-Work Tax Credit.

It’s an increase that will see 160,000 families $25 a week better off under Labour.

And before the end of our next term we will also lift the Working for Families abatement threshold to $50,000 meaning 175,000 families will gain on average an extra $47 a week.

Once fully implemented, many low- and middle-income families with young kids will be over $50 a week better off as a result of our changes to GST and Working for Families.

That’s real cost of living support, and more than National is offering many low and middle income New Zealanders through their tax cuts.

At this election, Labour will be putting the cost of living front and centre.

That’s because it’s the biggest issue facing households.

But it’s also what I’m about.

My vision as Prime Minister is to give the right support to families so they can get on with their lives and not have to struggle.

So that they can see the rewards from their hard work, and so that they can create a better life for themselves and the ones they love.

Would I like to do more? Of course, but I am also realistic that the current economic environment means now isn’t the time for big inflationary tax cuts.

If I’m going to target support I’d rather give it to mums and dads than millionaires.

Providing targeted support to cut the costs of the basics like food, prescriptions, childcare and transport is a better plan and smarter economics.

New Zealanders now have a clear choice in this election.

My message to New Zealanders is simple. I understand your concerns and I’m on your side, and I’ll deliver on the issues that matter most.

When you weigh up the policies on offer, our 10 point cost of living package will offer the permanent and long term savings that tax cuts simply don’t.

But these changes will only occur if Labour is re-elected.

My promise to you is to do all I can over the next 9 weeks to make that a reality.

There is simply too much at stake.

I’m in it for you.

I’m in it for anyone who no longer has to put their health second because they can’t afford their prescriptions.

I’m in it for parents juggling work and young kids and expensive childcare costs

I’m in it for our environment and cheaper public transport.

I’m in it for teachers and nurses and all our public servants who look after our communities day in day out.

I’m in it for our superannuitants and the most vulnerable among us.

I’m in it for our young people and ensuring they have the opportunities and support they need to live amazing lives.

I’m in it for you.

So if you’re with me,

If you think New Zealand does better when families do better,

If you want to fix the cost of living crisis and help people get ahead,

If you want to help bring down emissions,

Then let’s go out and campaign our hearts out.

Let’s win this campaign

And re-elect a Labour government.


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Protecting our environment for future generations

Source: New Zealand Labour Party

Addressing climate change is the right thing to do to safeguard our environment for future generations, but it’s also the smart thing to do – taking action now is in our economic interests and will reduce cost pressures on Kiwi households. 

The Chris Hipkins Government is continuing to take action to protect our environment and secure New Zealand’s clean, green export brand. 

Here’s how:

This week, we announced a partnership with BlackRock, one of the world’s largest investors in climate infrastructure and clean technology, to launch a $2 billion fund with the goal of making New Zealand one of the first countries in the world to reach 100% renewable electricity.

This fund demonstrates the huge economic potential of us being a climate leader. It proves again that we can grow our economy while we lower emissions, and is a massive opportunity for New Zealand innovators to develop and grow companies. 

It shows that our ambitious climate targets have the world’s attention, and that they are good for the climate, good for the economy, and will help create highly skilled jobs, while being a game-changer for the clean tech sector.

On top of this, we’ve also recently announced we’ve also announced plans to fast-track solar and wind generation projects that would produce more power than the Clyde Dam – the country’s third largest hydro dam – at a fraction of the time, cost and impact on the environment.

We recently announced that we’re partnering with Fonterra to cut coal use at its dairy factories, delivering massive emissions reductions, and future-proofing New Zealand trade and exports. 

Fonterra has committed to undertaking a complex range of projects to cut coal use across six manufacturing sites – resulting in approximately 2.1 million tonnes of earlier CO2e reductions. The reductions are the same as taking approximately 120,000 cars off the road.

This hugely significant commitment means the dairy sector will dramatically cut its coal use quicker – this is not just critical for our environment, but for our economy too.

We’re taking a major step towards protecting the Hauraki Gulf for future generations – announcing significant new marine protections for the area.

The Hauraki Gulf — Tīkapa Moana – is an absolute treasure and needs to be protected for the enjoyment of future generations. It’s also an essential and traditional source of food, and a vital part of our economy for the tourism, transport and seafood sectors, with a recent assessment putting the economic value of the Gulf at $100 billion.

This week we announced that we’re nearly tripling the area that’s under protection, increasing coverage to 18% of the Gulf with 19 new marine protection areas.

We’re restricting the practice of bottom trawling from large areas of the Gulf, alongside tailored fisheries plans to support the unique ecosystem. And a new protect tool, the high protection area, will recognise kaitiakitanga and cultural practices of tangata whenua while also meeting strong conservation outcomes.

The best way to protect this special marine ecosystem is to find conservation solutions which work for everyone – and that’s exactly what this action to revitalise the Gulf does.

Labour has taken more action on climate change than any other prior government combined, and our actions mean that New Zealand is on track to achieve our first emissions budget.

Real progress began with our ban on granting new offshore oil and gas exploration permits in 2018, sending a clear market signal that future electricity generation investment needs to be renewable in order to hit our target of 100% by 2030.

Since then, we have:

  • Passed the landmark Zero Carbon Act, putting into law our goal of reaching net zero emissions by 2050
  • Overhauled the Emissions Trading Scheme
  • Made electric cars more affordable and are experiencing one of the highest uptakes of EVs anywhere in the world
  • Invested in climate and agriculture research and science
  • Provided support for businesses to remove coal boilers and switch from expensive fossil fuels
  • Invested in rail, public transport and walking and cycling infrastructure

Because of actions like these, New Zealand is now bending the curve on emissions with climate pollution falling through 2020, 2021 and 2022, with the December 2022 quarter delivering the lowest figure in at least nine years.

We can’t opt out of the effects of climate change, so we can’t opt out of taking action. A low emissions future is achievable for New Zealand, and with a Chris Hipkins Government we’re well on our way.


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