Finance
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Todd Stephenson
Todd Stephenson MP was born in Lumsden and has spent much of his life in rural communities across Southland. Todd has been a member of the ACT Party since its inception and has had a successful career working for multinational healthcare companies overseas. Todd was elected to Parliament as an ACT MP in 2023, and outside of politics enjoys hiking and travelling.
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Tackling inflation must be No.1 priority for incoming govt
“Today’s Consumer Price Index (CPI) is a hangover from Labour’s time in charge, it marks two and a half years of inflation above the Reserve Bank’s target range. The next Government’s number one job is going to be ending wasteful spending and getting inflation back within its target range,” says ACT Leader David Seymour.
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Two years straight of rising food prices
“With today’s 8 per cent increase, it has now been two years since Kiwis had even the slightest bit of relief at the checkout. We can either carry on the same direction until a loaf of bread becomes a luxury item, or we can get rid of the waste driving inflation and sort out the regulations that make it so hard to produce. ACT will do the latter,” says ACT Leader David Seymour.
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Hipkins vs reality on New Zealand’s economy
“New Zealanders became poorer this year under Labour and, if we carry on with more of the same, next year isn't looking any better. Only a stable ACT-National government can fix the economy,” says ACT Leader David Seymour.
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ACT will smash the red tape state to fix the economy
- Empower a new Red Tape Reduction Minister to start examining red tape in the finance, primary industries, health, and ECE sectors in the first 100 days of a new government
- Cutting red tape is one way ACT will put productivity at the centre of everything government does to deliver a lower cost of living and higher incomes
- Set a goal for New Zealand to be one of the OECD’s top 10 fastest growing economies, as measured by GDP per capita.
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ACT is the only party serious about tackling inflation
“New Zealand’s economy is stuck in the mud. The Reserve Bank has decided to hold the Official Cash Rate for this cycle, but until there’s a government which cuts wasteful spending and eases the pressure on inflation there will be no relief to households. To tackle inflation the next Government needs ACT as its fiscal conscience,” says ACT Leader David Seymour.
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Now ACT will definitely be needed for real change
“National’s long-awaited fiscal plan confirms that ACT will be needed to change the Government and the direction of New Zealand. National’s plan alone amounts to kicking out Labour and keeping their direction,” says ACT Leader David Seymour.
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Labour’s plan to continue the decline
“We need more hope rather than more of the same. Labour's fiscal plan won't admit a mistake and carries on with the wasteful spending that has made life so tough for Kiwis. They have confirmed that ACT is the only party with a credible plan to fix the economy by ending wasteful spending,” says ACT Leader David Seymour.
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Labour’s lolly scramble doesn’t add up
“Chris Hipkins’ $1 billion PHARMAC announcement is nothing but a cynical election season bribe. New Zealanders know the government books are in terrible shape and they want fiscally responsible policies, not promises of big spending and more debt six weeks out from an election,” says ACT Leader David Seymour.
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ACT’s Alternative Budget: End the waste, fix the economy
“Tough circumstances call for responsible economic management. Now is not the time for big spending promises or significant tax cuts. It is time to end the waste and fix the economy,” says ACT Leader David Seymour.
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