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Archive for 26 July 2015

Letter to the editor – John Key’s broken promises, a habit?

26 July 2015 4 comments

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Frank Macskasy - letters to the editor - Frankly Speaking

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from: Frank Macskasy <fmacskasy@gmail.com>
to: Sunday Star Times <letters@star-times.co.nz>
date: Thu, Jul 23, 2015
subject: Letter to the editor

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The editor
Sunday Star Times

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If recent recent comments by Finance Minister, Bill English, are any indication, National appears to be engaging in a “softening up the public” exercise for further asset sales. On 23 July, English announced at a Commerce Commission conference;

“Why do you want us to keep owning broadcast media – it was worth a billion, it’s worth $300 million today, and soon it will be worth nothing. Same with post offices – was worth a billion, worth $300 million today, soon be worth nothing.” (Radio NZ, “No plans to sell SOE ‘relics’ – English”)

Yet, only seven months before last year’s September General Election, our esteemed Prime Minister promised no further asset sales after Genesis Energy was partially privatised;

“The truth is there aren’t a lot of other assets that would fit in the category where they would be either appealing to take to the market or of a size that would warrant a further programme, or they sit in the category that they are very large like Transpower but are monopoly assets so aren’t suited.” (NZ Herald, “PM: no more SOEs to sell after Genesis”

One can only assume that collapsing dairy prices will impact on tax revenue to a greater magnitude than the government has been advised and English is desperate to look at any alternative income revenue.

The sale of State houses was an unmitigated disaster. It seems that other State assets may be on the block soon.

So much for John Key keeping his word.

This is becoming a habit.

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-Frank Macskasy

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[address & phone number supplied]

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References

NZ Herald: PM – no more SOEs to sell after Genesis

Radio NZ: No plans to sell SOE ‘relics’ – English

 

 


 

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