New Zealand Government To Sell Off State Assets
New Zealand’s center-right National party was re-elected today on a platform to sell $5 to $7 billion in state assets and entertain welfare reforms that will downsize obligations. National also plan to sell minority stakes in state-owned power companies an reduce its ownership of Air New Zealand. Party chief John Key states that small investors will have preference in acquiring the shares, with no single investor allowed to own more than 10% of an entity.
Key also has plans to reform welfare by getting people back to work and off the dole as well as reducing the expansion of carbon trading to lessen business and household energy costs.
Reuters reports, "The main opposition center-left Labour Party slumped to 27 percent, the lowest share of the vote in its 95-year history, and lost nine seats. The environmentalist Greens upped their share to more than 10 percent and gained four seats."
Summarized from Reuters at:
http://news.yahoo.com/zealand-set-asset-sales-crushing-election-win-031135638.html
New Zealand’s center-right National party was re-elected today on a platform to sell $5 to $7 billion in state assets and entertain welfare reforms that will downsize obligations. National also plan to sell minority stakes in state-owned power companies an reduce its ownership of Air New Zealand. Party chief John Key states that small investors will have preference in acquiring the shares, with no single investor allowed to own more than 10% of an entity.
Key also has plans to reform welfare by getting people back to work and off the dole as well as reducing the expansion of carbon trading to lessen business and household energy costs.
Reuters reports, "The main opposition center-left Labour Party slumped to 27 percent, the lowest share of the vote in its 95-year history, and lost nine seats. The environmentalist Greens upped their share to more than 10 percent and gained four seats."
Summarized from Reuters at:
http://news.yahoo.com/zealand-set-asset-sales-crushing-election-win-031135638.html
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