Budget 2010 Daily News Alert - Tues, May 25, 2010

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BUSINESSWIRE
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Businesswire - NZ Dollar Outlook: Kiwi to be capped at 70 US cts
May 25 (BusinessWire) – The New Zealand dollar will likely be capped at 70 U.S. cents this week with continued 'chaos' in Europe over its sovereign debt crisis keeping the knockers on investors’ appetite for risk.
MORE >> http://scoop.co.nz/stories/BU1005/S00750.htm

Businesswire - Stocks to watch: Contact, FPA, GMT, NZS, NZX, TEL
May 25 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified.
MORE >> http://scoop.co.nz/stories/BU1005/S00746.htm

Businesswire - NZ dollar falls below 67 cts on Europe debt fears
May 25 (BusinessWire) – The New Zealand dollar slipped below 67 U.S. cents as concerns about Europe’s sovereign debt crisis continue to weigh on investor sentiment and as traders await Fonterra Cooperative Group formal review of its forecast pay-out ...
MORE >> http://scoop.co.nz/stories/BU1005/S00744.htm

Businesswire - NZ petrol is 4th-cheapest in the OECD as ETS looms
May 24 (BusinessWire) - New global comparisons of petrol prices show New Zealand has the fourth- cheapest petrol in the rich countries’ club, the Organisation for Cooperation and Development.
MORE >> http://scoop.co.nz/stories/BU1005/S00739.htm

Businesswire - Govt would retain majority in KiwiBank: Key
May 24 (BusinessWire) - The government would be likely to hold onto a majority stake in KiwiBank if it were partially privatised, Prime Minister John Key said today.
MORE >> http://scoop.co.nz/stories/BU1005/S00738.htm

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SCOOPS
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Gordon Campbell - Gordon Campbell on the plans to sell state assets
At yesterday’s post-Cabinet press conference Prime Minister John Key said that work ‘had not yet begun’ on deciding which state assets - if any - would be sold during his government’s second term .
MORE >> http://www.scoop.co.nz/stories/HL1005/S00203.htm

Rory MacKinnon - PM’s Presser – "no work done" on asset sales
Prime Minister John Key is “not ideologically opposed” to state asset sales but says his party has not discussed it as a policy position for next year’s election.
MORE >> http://scoop.co.nz/stories/HL1005/S00197.htm

Tom Frewen - Tom Frewen: Today In Parliament 25.05.10
Government has to ask itself about the Budget as Opposition shows more interest in PM's plans for asset sales. Mister Key also faces questions from ACT leader, Rodney Hide, about tax cuts being wiped out by price rises caused by the emissions trading ...
MORE >> http://scoop.co.nz/stories/HL1005/S00208.htm

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POLITICS
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New Zealand National Party - Improving the lives of all New Zealanders
This year's Budget was designed to create jobs, boost our economy and help Kiwi families get ahead. It also keeps us on track to reverse the deficit and get the Budget back into surplus.
MORE >> http://scoop.co.nz/stories/PA1005/S00414.htm

New Zealand Labour Party - Super Fund fears reinforced
Today’s projection by Statistics New Zealand that the share of workers aged 65 and over is projected to grow from 12 percent in 2006 to 21 percent in 2061 shows the real dangers in National’s continued undermining of the Cullen Fund, says Labour ...
MORE >> http://scoop.co.nz/stories/PA1005/S00420.htm

New Zealand Labour Party - Budget misses chance to help Kiwi-Asian families
At a time of record-high Asian unemployment, most Asian families will be worse off under National’s tax swindle budget by the time inflation, GST and increased costs in childcare are passed on, Associate Ethnic Affairs Spokesperson Raymond Huo says.
MORE >> http://scoop.co.nz/stories/PA1005/S00419.htm

Office of the Clerk - Questions and Answers - 25 May 2010
State Assets—Assessment for Sale; Emissions Trading Scheme—ACT Confidence and Supply Agreement; Budget 2010—Results for New Zealanders; Budget 2010—Effect on New Zealanders
MORE >> http://scoop.co.nz/stories/PA1005/S00416.htm

New Zealand Labour Party - Parents to pay up to $60 a week more for ECE
The Government confirmed today that parents could face costs of $20-40 a week more per child for early childhood education but some centres estimate the real cost could be up to $60 per week per child, Labour Spokesperson for Early Childhood Education ... MORE >> http://scoop.co.nz/stories/PA1005/S00413.htm

Green Party - Time to come clean on gutting state housing
It is time for John Key’s Government to admit they have gutted the budget to build and upgrade state houses, said the Green Party today.
MORE >> http://scoop.co.nz/stories/PA1005/S00412.htm

Office of the Clerk - Questions for Oral Answer - 25 May 2010
# Hon PHIL GOFF to the Prime Minister: Which state assets was he referring to yesterday when he said work would begin soon on assessing which of any of them would be put up for sale? # Hon RODNEY HIDE to the Prime Minister: Has he received any reports ... MORE >> http://scoop.co.nz/stories/PA1005/S00406.htm

New Zealand Government - Minister supports Whare Oranga Ake
The Whare Oranga Ake initiative, which will help prisoners re-integrate into society using a kaupapa Maori approach, is a common-sense step towards reducing high levels of Maori reoffending, Corrections Minister Judith Collins said.
MORE >> http://scoop.co.nz/stories/PA1005/S00405.htm

New Zealand Labour Party - te Heu Heu’s “answers” spark more questions
The attempt by Pacific Island Affairs Minister Georgina te Heu Heu to diffuse a controversial funding decision has only raised more questions around the Government’s Budget processes, Labour’s MP for Mangere Su’a William Sio said today.
MORE >> http://scoop.co.nz/stories/PA1005/S00403.htm

New Zealand Labour Party - Transparency needed around Pacific Island funding
The Pacific Island Affairs Minister must start answering questions around the nearly $5 million of funding given to a little known company to provide social services to Pacific Islanders, Labour’s Mangere MP Su’a William Sio said today.
MORE >> http://scoop.co.nz/stories/PA1005/S00401.htm

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BUSINESS
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Business Council for Sustainable Development - Landlords like Budget, but expect to raise rents
More landlords approve than disapprove of the 2010 budget overall, but 47% say they’ll put up their rents as a result of it denying depreciation on their properties.
MORE >> http://scoop.co.nz/stories/BU1005/S00776.htm

First National - Rural property pickup distant despite payout
An upswing in the rural property market is still some time away, First Nationals rural agents say.
MORE >> http://scoop.co.nz/stories/BU1005/S00756.htm

ENDS

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