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NZ Economy: Key’s Recipe For Growth – Luke Warm?

February 17th, 2010

Analysts have been lining up to take John Key’s “Step Change” plan for the economy apart. The speech was probably one off the most crucial delivered in this country – Reactions are mixed.

John Armstrong, “Those expecting something special in the Govt’s new economic plan which will prompt the “Step Change” in the pace of economic growth National keeps talking about will be disappointed. On a measure of boldness, John Key’s 23-page statement to Parliament scores about four out of ten.”
Phil O’Reilly Business NZ “It is encouraging to see the Govt has a plan and is sticking to it. The announcements are all consistent with the ‘six-pack’ plan announced last year (improvements in regulation, infrastructure, public services, skills, innovation and tax).”

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Craig Macalister, Tax Director, New Zealand Institute of Chartered Accountants “The Govt’s announcement represents a step in the right direction, yet really needs to go further in order to fully restore balance and equity to the system.”

Bernard Hickey “He has finally shown his colours. He is a mediocre leader without the vision or the ability to change NZ. He is a seat-warmer who is too scared to scare the masses. He is saying he wants to get re-elected. How uninspiring. How pedestrian.”


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