National to 'cut red tape' to rebuild the economy

The party's full economic plan will be out in the coming days

National to 'cut red tape' to rebuild the economy

In a bid to rebuild the economy, National has vowed to cut red tape, which according to party leader Cristopher Luxon (pictured above), is strangling businesses and making it impossible to get things done.

“After six years of Labour’s economic mismanagement, which has driven New Zealand into a recession, New Zealand needs a National government that will drive growth and lift incomes for all New Zealanders,” Luxon said.

He said cutting red tape is the first part of the National’s full economic plan, which will be out in the coming days.

National has 25 measures to reduce red tape. The party said it will reduce the scope of the CCCFA and junk the Conduct of Financial Institutions Act.

The party is also planning to repeal Labour’s RMA 2.0 changes, restore 90-day trials for businesses with more than 20 staff, scrap the need for resource consents for EV charging points and water storage on farms, lift the effective ban on GE and GM technologies, and streamline building consents and compliance certificates.

“Kiwi businesses thrive when we have a dynamic, competitive economy and it’s the government’s job to get the settings right so that businesses can step up and achieve that,” Luxon said.

“That means a predictable and consistent regulatory environment, with less red tape. Small businesses need room to be agile. Growth should be encouraged, not punished. Innovation and competition should be welcomed, not shunned.”

In a media release, the National leader said Kiwis have a stark choice to make this October election.

“Either three more years of a high-taxing, high-spending, Labour, Greens, and Te Pati Māori coalition that will never agree on anything, or a strong, stable National-led Government that will rebuild our economy and get New Zealand back on track,” Luxon said.

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