Business NZ Conference Part VII
John Key is the final speaker of the day. Some key points:
- If the fundamentals of the economy do not change, we will not become wealthier
- Cullen has worried too much about savings and not enough on growth
- Ongoing programme of personal tax cuts.
- Irish economy driven by world class education system, low company tax and good infrastructure
- No radical changes to monetary policy
- Domestic inflation too high due to capacity constraints
- Will have some local government reform but not second guess Royal Commission on Auckland.
- Size of the state does matter – 10,000 more core bureaucrats – but not just about numbers but efficiency.
- Are taking a hard look at role of Electricity Commission – do we need a bunch of engineers second guessing Transpower?
- 90 day probation period is not a right to fire clause but a right to hire clause. Is timid compared to many other countries.
- Most Chinese are more capitalist than anyone else we know
- At danger of becoming a giant educational facility for Australia
The conference is now ending. Yay. Seven stories isn’t a bad output if I say so myself.