New Zealand’s Labour Party can widen the central bank’s mandate without jeopardizing the control of inflation if it wins this year’s election, finance spokesman David Parker said.
Wisconsin Energy Corp. became the latest utility to seek growth through consolidation with a $5.7 billion offer for Integrys Energy Group Inc., a deal that will almost double its customer base.
New Zealand’s Labour Party will give the central bank an alternative tool for controlling inflation if it wins this year’s election, in what it says would be a world first.
New Zealand’s main opposition Labour Party is proposing a new levy on capital gains and higher taxes for top income earners as it seeks to build support before the Sept. 20 general election.
"Growth under this government peaked in June and halves to 2 percent in coming years."
- David Parker on Aug 18, 2014