“The Prime Minister will return to work tomorrow to inherit a flagging economy of her Government’s making”, says ACT Leader David Seymour.
“All signs point to an economy which is about to stall, with business confidence in free fall and unemployment now ticking up.
“This should come as no surprise: the Government has signalled higher taxes, and poor quality spending and regulation.
“The Prime Minister and her team should be focussed on encouraging economic activity even when we face economic headwinds.
“Cutting taxes would allow people to keep more of their money in hard times. If the average New Zealander keeps only 65 cents of the next dollar they earn, where is the incentive to be productive?
“Good labour laws – like 90-day trials – should be left in place to encourage businesses to take a punt on new employees, and further minimum wage hikes should be put on hold.
“Replacing the Resource Management Act to free up more land for development would bring down the price of housing.
“Reassessing proposed climate change regulations – which could make each household $10,000 poorer – is now the prudent course of action.
“Reigning in billions in middle-class and corporate welfare will give the Government some fiscal breathing room when the inevitable recession hits.
“There is still time for pro-growth policies.
“For now, this Government has broken the economy, and now they own it.