It looks like Labour is going to conjure a few billion out of nowhere and attempt to fool voters into thinking they will buy back the assets.
Labour is understood to be planning to set aside funds to buy mainly New Zealand assets, partly to woo Winston Peters into coalition.
The party, which would likely need the support of both the Greens and NZ First to form a government, has said it has one policy costing roughly $100 million a year to announce.
It trimmed back its spending plans after the pre-election update from Treasury showed a weaker outlook than May’s Budget.
Yesterday, leader David Cunliffe refused to say whether the remaining announcement related to buying back assets sold by National, but said voters “will certainly know before they cast their vote”.
Finance spokesman David Parker would not be drawn on what the policy was, but said the size of the fund meant “if this was a big asset buy-back fund, it would take 60 years”. Â Read more »