News release

2 Comments
12 January 2009
Economic Ministers to meet this week

Prime Minister John Key has called a meeting of economic Ministers for Thursday to discuss the economic issues facing the country. 

"The economy will be the dominant issue for the country in 2009," he says.

"Ministers will be discussing the economic outlook, receiving briefings including an update on the international situation and planning future initiatives.

"The National-led Government is on-track with its action plan for the first 100 days, but we recognise more will need to be done to help address the challenges New Zealand faces.

"The Government's aims for the economy include putting more money in New Zealanders' pockets, better control of government spending and more productive use of public money, and building a stronger economy with more jobs by making businesses more productive and competitive.

"The meeting will take place in the Beehive on Thursday afternoon."

Ministers Bill English, Gerry Brownlee, Simon Power, Tony Ryall and Steven Joyce, will attend along with the chief executives of Treasury, Department of Prime Minister and Cabinet, and State Services Commission. 


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#1 - Richard 2009-01-15 15:21 - (Reply)

Mr Key makes a statement that Mr Chan's business practice is "crass at best and probably extremely bad business practice". Give the guy a break. Mr Chan is only trying to recover costs from something that wasn't his fault. Mr Key obviously knows how hard it is to run a business in this economic climate, because he is having an economic issues meeting today. How about Mr Key digs very deep into his own pocket, removes the cobwebs from his wallet and offers to pay the costs Mr Chan is expected to absorb.

#2 - Robert South 2009-02-02 19:38 - (Reply)

National has indicated – it wants to help the small to medium businesses. A lot of SME’s have outstanding tax credits, why can’t IRD pay them out? ________________ In our own case - we can’t borrow against them, we can’t sell them, and meanwhile we can’t get cash to operate our business – because we have operated our business in a frugal (not wasteful) manner. In our case,we have ‘acquired’ over 2 million NZ$ in loans and advances, we have been audited by IRD, (because of our frugality – that makes us different). We have over NZ$270,000 in tax credits available, which we have been unable to sell, borrow against or use in any way for over two years! IRD has indicated that we may be about to lose ours, it’s hardly changed over the past two years! NZ$270,000 would allow us to complete our products and services, and get them to market! We don’t need venture capital, or Angels, - we are already way past that. (The amount of money that this would cost the country, has already been determined, see the now defunct R&D tax credit amounts!) _______________ You asked for ideas, this is one We have lots more, with no avenue to air them. (How do we get invited to the upcoming conference on the economy?, or An opportunity to air our views)


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