Buy back sold assets – Peters

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Buy back sold assets – Peters

3News NZ

New Zealand First leader Winston Peters says he's committed to buying back the assets as soon as possible (Photo: AAP)

New Zealand First leader Winston Peters says he's committed to buying back the assets as soon as possible (Photo: AAP)

State assets shouldn't be sold, and if they are, a new Government should buy them back, according to Winston Peters.

A debate on The Nation this morning featuring Labour, the Greens, and New Zealand First, roundly criticised the move to reduce the Government's stake in four state energy companies.

The Partial Sales Bill is expected to become law after its fourth reading in Parliament next week.

New Zealand First leader Winston Peters says he's committed to buying back the assets as soon as possible, even though it could cost a minimum of $5 billion.

“If you believe that there’s an energy crisis coming, as most people do and most people in politics do, then why on earth would you sell one of the greatest assets anywhere in the world, namely our hydro- and our thermo-power?” asks Mr Peters.

The New Zealand First Party leader says they are high yield assets and it would be worth borrowing to get them back.

Watch the video for the full interview.

RadioLIVE

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Comments

15/07/2012 10:22:03 p.m.

Penny wrote:

Never sell asset. Once sold what then to us as New Zealanders? Very poor and bad decision Mr Key. Yes I agree with Winston Peters.

27/06/2012 7:27:24 p.m.

Jack wrote:

Winston is the only politician that has a plan, the other ones are just stumbling. National isn't serious about the debt. If they were they wouldn't have cut taxes for the top 10 percent increasing the deficit by 1.2 billion a year and let SCF renew the scheme when John Key knew South Canterbury Finance was in trouble.. that cost us 1.6 billion all in the name of helping thier mates. Thier so called concern for the deficit is a tool to push through their ideology at the expense of the taxpayer.

26/06/2012 8:43:10 p.m.

Bron wrote:

Kelvyn, my standard of living improved by hundreds of per cent under the National Govt however I am not rich. In fact, I am deeply in debt and will sell my assets happily to get rid of the debt and see some positive numbers in my account statements. But I will borrow (again) if I get a chance to buy a power plant. I reckon, better to own a (even a bit of) power plant than a house in Christchurch... By the way, we should sell EQC to somebody with IQ over 50 as the first step!

26/06/2012 5:58:19 p.m.

Mal wrote:

Am with you on this one Winston. This is not what our soldiers fought and DIED for. They fought so we might have a country to leave their children and our children.

26/06/2012 2:38:16 p.m.

Gav wrote:

Nice one Matt!!! You must have missed the part where it was stated Tony Ryall was on last week arguing the case on behalf of the only party that wants asset sales. Now the other parties get their turn.

24/06/2012 4:21:11 a.m.

jw wrote:

Buying back NZ assets is a great idea. But they shouldn't have been sold in the first place. We need them to keep our costs down so we can pay back existing debt which puts us in the position of being a slave to the lender. To be gambled on the stock exchange where the only interest will be how much dividend they will give to the investors. These New Zealand assets should be used for the good of all our people. Not as gambling chips.

23/06/2012 10:58:01 p.m.

Matt wrote:

Not a biased panel at all. Seriously 3News? I mean your biased as hell but you could at least try!

23/06/2012 3:55:58 p.m.

kelvyn wrote:

I am with Winston on this one. They say the money from asset sales will go into education, health etc. Well for that one read "bribe the teachers and health workers with pay rises" They will use it to buy political favours. Most people will see absolutely nothing from the asset sale money except higher power prices, just like the billion dollars they borrowed for tax cuts...has that changed your standard of living? notice any difference? I don't think so.