Business NZ Conference Part VII

John 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 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 reform but not second guess .
  • Size of the state does matter – 10,000 more core – 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 clause but a right to hire clause. Is timid compared to many other countries.
  • Most 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.

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