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Selling family silver to foreign pixies won’t work
26 January 2011
Media
Statement
Selling family silver to foreign pixies won’t work
Prime Minister John Key should rule out mounting speculation that he plans to hock off the family silver to foreign pixies in a policy that has been tried before and failed then, and which won‘t work now, says Labour’s SOEs spokesman Clayton Cosgrove.
Clayton Cosgrove said Labour has been told John Key is expected to announce in his state of the nation speech today the partial privatisation of our country’s biggest power companies, showing his lack of vision for New Zealand.
“They’ve done it before. It didn’t work then though we were promised we would be better off. And it won’t work now. It’s a dumb idea.”
Labour has been told National plans a partial sell-off of Genesis, Meridian and Mighty River Power, Clayton Cosgrove said. “These enterprises have a combined value of $11.75 billion, and earn Kiwis $700 million a year.
“If John Key’s economic plan consists of hocking off the family silver to the foreign pixies from whom he’s also borrowing $120 million a week to give tax cuts to the rich, then he’s living in a fantasy land.”
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