Andrea Vance’s sources have her convinced Labour have set aside $100M to buy back NZ assets.
Labour leader David Cunliffe is refusing to be drawn on whether the party will announce plans for a new asset fund, but says he “stands behind public opinion” in opposition to asset sales.
The party is understood to be planning to set aside funds to buy mainly New Zealand assets, partly to woo NZ First leader Winston Peters into coalition.
Labour would likely need the support of both the Greens and NZ First to form a government. It has said a policy costing about $100 million a year is yet to be announced.
$100M a year doesn’t stretch very far. ¬†But it would allow Labour the high road claiming they are “buying back our assets as we can afford it”. ¬† Read more »