Better jobs and higher wages in Reserve Bank changes

What really matters to New Zealanders is a strong economy that provides secure work and good wages, says Labour’s Finance spokesperson David Parker.

“On Tuesday Labour will detail its changes to the Reserve Bank Act. These changes will help create jobs and take pressure off interest rates.

“For forty years New Zealand has not exported enough to cover the costs of our imports and interest.

“Our Reserve Bank changes, combined with our wider Economic Upgrade, will help New Zealanders by creating better jobs that pay higher wages for Kiwis by helping our exporters compete overseas.

“Labour’s changes will work with our Economic Upgrade focussing on investment, innovation and industry policies.

“Alongside a capital gains tax, our KiwiBuild housing policy, universal KiwiSaver and reduced costs to businesses through NZ Power, Labour is offering an alternative that will help Kiwi families and ensure our economy can create better jobs and higher wages,” says David Parker.

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