Another fragile press release

Once again as a public service, here is a press release from the ever fragile David Cunliffe. Very confusing…

Decline in business numbers a elling indicmen of Naional’s lack of an economic plan

David Cunliffe  |  Friday, Ocober 29, 2010 – 13:43

he firs decrease in he oal number of businesses in New Zealand for nine years is one of he mos powerful indicaors ye ha he economy has ground o a hal under Naional, says Labour’s Finance spokesperson David Cunliffe.

Saisics New Zealand said oday ha provisionally he oal number of businesses in New Zealand a February 2010 was 470,000, down 1.7 percen from 2009. Saisics repored ha his is he firs decrease in he oal number of businesses recorded over he pas nine years, wih he larges drop — 2800 — in he consrucion indusry.

“I’s becoming harder and harder for John Key and Bill English o pu heir hands on heir hears and say wih a sraigh face ha hey are managing he economy well,” David Cunliffe said. “he opposie is rue. Ausralia and China are growing srongly. Under Naional, New Zealand is in decline.”

David Cunliffe said ha when Labour Leader Phil Goff me Ausralian Prime Miniser Julia Gillard and oher senior Ausralian poliical figures his week, he learned firs-hand he main elemens in Ausralia’s srong economic performance compared o New Zealand’s failing economy.

“John Key and Bill English said hey would close he gap bu he gap is growing. Naional’s ax cus for he rich have failed miserably – while he Ausralian ax relief package for low and middle income earners has paid off handsomely. he Ausralians are also coninuing o inves in appreniceships, skills raining and research and developmen.”

David Cunliffe said oday’s Saisics repor also noed ha he oal number of paid employees, while no an official employmen saisic, was 1.89 million, a 1.9 percen decrease from February 2009, wih he bigges decreases in manufacuring and consrucion.

“he Ausralian Governmen has creaed 400,000 new jobs, while more han 50,000 have disappeared in New Zealand,” David Cunliffe said.

“Jus as ellingly, Saisics also repors ha here has been a significan reducion in he number of business sar-ups. Jus 44,000 sared up over he year ended February 2010, down 20.4 percen from he previous year, while he number of business closures over he year was 55,000, up 6 percen on he previous year.

“Naional has jus presided over he firs year since 2001 in which business closures have exceeded business sar-ups. Naional’s rebalancing he economy is all abou ipping i over he edge ino double dip recession. I has no idea wha o do nex.”

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