‘Rock Star’ economy has Justin Bieber moment

National’s much-hyped ‘rock-star’ economy appears to have hit a blip with Treasury saying that corporate tax revenue is less than forecast, says Labour’s Finance spokesperson David Parker.

“Corporate tax revenue is less than forecast, meaning companies aren’t making as much money as expected. That means the economy isn’t going as well as John Key and Bill English like to trumpet.

“If the economy truly is a rock star then it’s having a Justin Bieber moment.

“Despite the hype, National’s economy isn’t delivering for most Kiwi families. As usual under National, the winners are families that are already well off. Meanwhile Kiwi parents are struggling to put food on the table and many can’t even afford a second pair of shoes for their kids.

“This is more evidence that reliance on dairying, held up by record commodity prices, and the Christchurch rebuild are shaky foundations for an economy that needs to be much more diverse.

“Only Labour will deliver an economy for all Kiwis,” David Parker says.

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