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The Indian Weekender, Friday 6 November 2020

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<strong>The</strong> <strong>Indian</strong> <strong>Weekender</strong> <strong>Friday</strong>, <strong>November</strong> 6, <strong>2020</strong><br />

NEW ZEALAND 15<br />

JACINDA ARDERN reveals top<br />

economic priorities government<br />

will focus on for rest of <strong>2020</strong><br />

RADIO NEW ZEALAND<br />

disproportionately impacted by job losses to date. My<br />

hope is the expanded flexi-wage scheme will play an<br />

important role in helping people from these groups to<br />

get quickly back into work.<br />

“While the scheme will take some time to fully get<br />

up and running we want to be in a position to assist<br />

business to take on workers over the Christmas New<br />

Year period if they can, rather than waiting until after<br />

the holiday period,’’ she says.<br />

Cabinet will also consider additional projects to<br />

go through the Resource Management Act fast-track<br />

process over the next two weeks.<br />

Ardern told Business NZ that wider reform of the<br />

RMA was a priority and the minister-in-charge, David<br />

Parker, intended to progress work through the House<br />

on that in the first half of next year.<br />

Prior to the election last month, Labour had also<br />

indicated wanting to reform sick leave provisions and<br />

boost the number from five days to 10.<br />

“Making sure that workers are well supported to stay<br />

home when they are unwell is an important part of our<br />

<strong>The</strong> government will prioritise extending the<br />

small business loan scheme, rolling out the<br />

flexi-wage job support programme and fasttracking<br />

more infrastructure projects in the weeks<br />

leading up to Christmas.<br />

In a speech to Business New Zealand in Auckland,<br />

Prime Minister Jacinda Ardern outlined the top<br />

economic priorities for what’s left of <strong>2020</strong>, with a focus<br />

on speeding up job creation and boosting exports.<br />

“Before Christmas we will extend the Small Business<br />

Loan Scheme out to three years and extend the interest<br />

free period to two years. We will also extend the purpose<br />

of the scheme and allow business to borrow to invest in<br />

new equipment and digital infrastructure,’’ Ardern said.<br />

Making those changes before Christmas would give<br />

small business owners certainty, especially ahead of a<br />

holiday period where income could drop off for many,<br />

she said.<br />

Ardern also pointed to yesterday’s “better than<br />

expected unemployment numbers’’, which she said<br />

highlighted the relative strength of New Zealand’s<br />

economy, with fewer people unemployed here than in<br />

Australia, the US and Canada.<br />

“However, we cannot rest on our laurels and we want<br />

to see more New Zealanders obtain work, which is why<br />

we are prioritising the roll out of the flexi-wage scheme<br />

prior to Christmas.’’<br />

<strong>The</strong> government would invest an additional $311<br />

million into the programme “to increase the average<br />

subsidy paid to employers to take on a worker and<br />

enable an additional 40,000 unemployed people to take<br />

advantage of the programme”, Ardern said.<br />

“Māori, Pasifika and women have been<br />

Covid response, and in our view, the current<br />

provision of 5 days is not sufficient,’’<br />

Ardern said.<br />

“That’s why cabinet will consider<br />

draft legislation before Christmas,<br />

with a plan to introduce this in the<br />

house before the end of the year, but<br />

then move to a full select committee<br />

process so we can try and build some<br />

consensus around this issue.”<br />

Trade relationships and boosting exports<br />

were also front-and-centre for Ardern and she said<br />

a trade mission was a top priority when the border<br />

settings allowed it.<br />

"Making<br />

sure that<br />

workers are well<br />

supported to stay home<br />

when they are unwell is an<br />

important part of our Covid<br />

response, and in our view,<br />

the current provision<br />

of 5 days is not<br />

sufficient"<br />

“I have already asked<br />

the Ministry of Foreign<br />

Affairs and Trade for<br />

advice around leading a<br />

delegation into several<br />

key markets, including<br />

Europe and the UK<br />

where we have already<br />

begun negotiations on<br />

critical free trade agreements<br />

as well as China and the US.<br />

“Doing all we can to improve<br />

market access will assist an export<br />

led recovery. And telling our story<br />

of how we have successfully<br />

managed Covid to date can also<br />

help to attract international<br />

investment in to productive<br />

aspects of the New Zealand<br />

economy to assist<br />

the recovery.”<br />

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