Media Release

Friday 6th July 2007

UK speaker to address conference

Colin J. Whitmill, Secretary of the UK Christian Council for Monetary Justice, will be in Christchurch on Saturday to address the DSC annual conference.

Mr Whitmill said that his delight at the opportunity to visit New Zealand was tempered by his concern for impact of the government’s monetary policy on young New Zealanders.

“The housing affordability crisis is particularly worrying” he said.

“It is depressing that what we are seeing in New Zealand is a financial system which excludes the next generation economically and socially from ever owning their own homes. The government parties in effect have become the architects of class division where none previously existed” he commented.

“Ideas have been put forward to overcome the housing and other problems but all approaches have been treating the symptoms, not the causes.”

Mr Whitmill stated that if monetary justice is required, then it is the government’s responsibility to deliver it.

“Without fundamental correction of the financial system, the next generation of New Zealanders could well be the last as refuge from economic failure will be sought in Australia” concluded Mr Whitmill.

ENDS

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