Labour’s new policy is to destroy as many businesses as possible

via fmacskasy

New Era: more negativity and destruction

MP David Shearer says he will return to waging war against the supermarket duopoly and credit card interest rates after being restored as Labour’s consumer affairs spokesman.

Mr Shearer was given the role back in a minor rejig by Labour leader Andrew Little after MP Clayton Cosgrove’s decision not to stand again in 2017. The changes promote Kris Faafoi into the shadow Cabinet and he picks up Mr Cosgrove’s tourism portfolio while keeping his state services portfolio.

Mr Shearer, foreign affairs spokesman, gets consumer affairs, which he had held until November.

He said there was a marked lack of competition in New Zealand in many areas and many goods were far more expensive than in Australia.

“I’ll be looking at areas I believe there is insufficient competition and therefore consumers are being squeezed without sufficient protection.”

He said credit card interest was another issue. “I don’t understand the rationale why, if there is good competition in banking, the credit card interest rates haven’t come down.”

So let me clear this one up for you.

  • Wreck as many businesses as possible.  Check.
  • Andrew Little already has had a crack at banks and a hotel operator.  Check.
  • Shearer is going to attack supermarkets, and then credit card companies.  Check.
  • Kris Faafoi is going to attack tourism.  Check.

Plan:  wreck the economy then claim it was the governments fault.   Check.


– Claire Trevett, NZ Herald

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