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National Setting up State Asset Fire Sale
Rt. Hon Winston Peters
Leader NZ
First
January 26th 2011
PRESS
RELEASE
National Setting up State Asset Fire Sale
Rt Hon Winston Peters has described National's plan to sell off state assets as disastrous and says John Key has learned nothing from the stupid policies of Roger Douglas and Ruth Richardson.
Mr Peters says the announcement today means that half New Zealand's state assets will soon be owned by Chinese interests because China is one of the few countries with ready cash to invest in countries like New Zealand.
“National is showing its true colours and should be renamed ‘The International Party’ in time for the election this year”.
“Selling state assets represents a fraud on the people. It is nonsense to suggest that New Zealand will retain control of companies that are 49 percent privately owned.
“Recent history shows that Fay Richwhite controlled the Bank of New Zealand with just one third shareholding.
“Why would any country sell off key assets that cannot be replaced? The taxpayers own these assets – not a bunch of National Party cabinet ministers.”
Mr Peters said New Zealand First would do everything possible to block the sale of such assets when the party returns to parliament this year.
“We urge New Zealanders not to swallow the spin about needing to sell assets. More than ever, we need to save them,” said Mr Peters.
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