Christopher Luxon, the leader of the National Party, has unveiled the first part of his party’s economic plan, which aims to “rebuild” the economy by cutting red tape. Luxon has criticized the Labour Party for what he calls six years of “economic mismanagement.”
Luxon stated that the National Party has 25 measures in place that will reduce red tape. These measures include repealing the Resource Management Act changes made by the Labour Party, reducing the scope of the Credit Contracts and Consumer Finance Act, repealing the Conduct of Financial Institutions Act, restoring 90-day trials for businesses with more than 20 staff, and eliminating the need for resource consents for electric vehicle (EV) charging points.
According to Luxon, New Zealand needs a National Government that will drive growth and lift incomes for all New Zealanders. He believes that a dynamic and competitive economy is crucial for the success of Kiwi businesses, and it is the government’s responsibility to create a predictable and consistent regulatory environment with less red tape.
Luxon emphasized the importance of giving small businesses room to be agile and encouraging growth rather than punishing it. He also emphasized the need for innovation and competition to be welcomed rather than shunned.
He presented the voters with a choice between another three years of a high-taxing, high-spending Labour, Greens, and Te Pati Māori coalition that will struggle to find consensus, or a strong, stable National-led Government that will focus on rebuilding the economy and getting New Zealand back on track.
In addition to the aforementioned measures, the National Party’s plan includes repealing Labour’s RMA changes, reducing the scope of the CCCFA and repealing the Conduct of Financial Institutions Act, restoring 90-day trials for businesses with more than 20 staff, eliminating the need for resource consents for EV charging points and water storage on farms, and lifting the effective ban on GE and GM technologies to give farmers the tools they need to reduce emissions. They also plan to streamline building consents and code of compliance certificates.