ACT Leader Rodney Hide today said that every New Zealander would end up paying for the Labour-led Government’s botched handling of the sale of Auckland International Airport as investors - both here and abroad - will now look twice before investing in our country.

"Investors want certainty of the rules, but Labour keeps chopping and changing them - even showing its willingness to change the rules halfway through the process," Mr Hide said.

"So far the cost has been to existing investors, as wealth has been diminished, and to the would-be investors who have spent millions going through due diligence on the deal.  But the long-term cost will be borne by every New Zealander as all investors will now think twice about investing their money in New Zealand.

"It’s no wonder that the Labour-led Government has more than halved our productivity growth, dropped our performance down to the level of the dark old Muldoon days, and that we continue to slip further behind Australia and countries further afield," Mr Hide said.

ENDS