Budget 2016 splashes out on fat corporate welfare cheques

Funding for $761 million in corporate welfare via 'Innovative New Zealand' is an insult to taxpayers, says ACT Leader David Seymour.

"Bill English needs to ‘just say no’ to Steven Joyce’s corporate welfare addiction," says Mr Seymour.

"There is no public appetite for hand-outs to businesses. There is no pressure from the opposition or the media. So who’s been pouring poison into Steven Joyce’s ear?

'Hi-tech' funding is more corporate welfare

Increased funding for the commercialisation of ‘new Kiwi hi-tech’ is just more corporate welfare, says ACT Leader David Seymour.

“Under this Government, corporate welfare continues to rise. So far, Joyce’s programme of corporate welfare has included payments for sheep given to a Saudi businessman, rockets launched off the Coromandel, and a boat-building company owned by the world’s seventh-richest man.

National Party needs to get some guts on Kiwibank

“This odd in-house partial privatisation is just reshuffling deck chairs,” says ACT Leader David Seymour. “The New Zealand taxpayer will still bear all the risks of investing in a bank.

“It would have been braver and better to sell part or all of Kiwibank to private owners, following the successful mixed-ownership model applied to Mighty River Power, Meridian, and Genesis.

Good management, but where’s the reform?

Mr Speaker,

Once upon a long, long time ago, the Labour Party were ready for Government.   Their leader, the late Norman Kirk, said that New Zealanders didn’t want much, just somewhere to work, somewhere to live, someone to love, and something to hope for.

The interesting thing about Kirk is that he won power after 12 years of Keith Holyoake, New Zealand’s longest serving and least ambitious modern Prime Minister. 

ACT welcomes removal of criminal sanctions in cartels Bill

ACT Leader David Seymour has welcomed Government’s decision not to introduce criminal sanctions in the Commerce (Cartels and Other Matters) Amendment Bill. Mr Seymour wrote to the Minister’s office about this last year.

“Imposing criminal sanctions could inflict large economic costs on New Zealand through a chilling effect on legitimate collaborative business, reducing entrepreneurship and innovation.

International Finance Agreements Amendment Bill - Second reading



DAVID SEYMOUR (Leader—ACT): I rise on behalf of the ACT Party in support of this bill. I think it is a very positive initiative for New Zealand to be involved in promoting investment in core public good infrastructure within countries that will make up an increasing proportion of our trading partnerships, as they have over the last period of time.

Solid Energy – lessons unlearnt

New Zealand should learn from the Solid Energy fiasco, says ACT Leader David Seymour.

“Politicians forced taxpayers to  invest in a coal business which has gone bust, losing $500 million in value since 2011. Obviously the company should have been sold when it still had some value.

“Taxpayers deserve an apology. Half a billion dollars of taxpayer wealth has gone down the toilet.

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