I have written an editorial at the Truth website about Labour needing to come clean on their asset sales policy:
Labour and the Greens need to come clean on asset sales. We know that both parties oppose asset sales. We get that. They have spent a considerable amount of taxpayer cash recruiting staff and manipulating for political purposes the Citizens Initiated Referendum process to try to re-litigate the 2011 election.
The Maori Council tried to assist with their vexatious and costly litigation, only to fail int he Supreme Court with a unanimous decision that asset sales of the power companies can proceed.
The process for the government to sell down 49% of the assets, retaining control and 51% is now underway with an information sharing exercise and advertising campaign to accurately inform people of the benefits and risks of investing in shares.
We know what the government thinks. We can all read the prospectus when it comes out for Mighty River Power, but what investors don’t know is what Labour intends as its policy towards these sales.
We know they oppose them, but what is their policy moving forward.
Investors and voters need to know if Labour intends opposing the sales in actions and not just words.
Will Labour commit to forced buy-back of the shares, essentially a re-nationalisation of the asset. Before readers poo-pooh that suggestion remember Air New Zealand.
Read the rest at Truth.