“John Key’s got it wrong. The whole point of our policy is to strengthen Kiwibank to be a better commercial bank, not weaken it by encouraging non-commercial behaviour,” Green Party Co-leader James Shaw said.
“John Key is being deliberately alarmist and making things up because he doesn’t have his own plan for improving banking for Kiwis.
“The evidence from Kiwibank’s first few years shows how wrong John Key is. Back then, capital injections and lower dividends helped Kiwibank compete commercially to drive down the big Aussie banks’ rates and fees.
“Providing Kiwibank with capital to grow instead of using its profits to prop up NZ Post isn’t going to suddenly encourage Kiwibank to make bad loans, like John Key is pretending,” said Mr Shaw.
Latest Finance Announcements
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Greens commit to tax the super-rich and large corporates fairly, cut income tax for 96%
The Green Party has announced their 2026 tax policy ‘a tax system for all of us’ today.
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NZ Rich Listers own as much wealth as half the country
The richest 150 New Zealand individuals and family dynasties now own as much between them as half of the country, the Green Party says.
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Budget 2026 hides a nearly $500 million KiwiSaver hole across the public service
The Green Party says Budget 2026 leaves a hole of nearly half a billion dollars, the cost of the higher employer KiwiSaver contribution for most of...
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Chlöe Swarbrick Budget speech 2026
Mr Speaker, the Greens want every New Zealander to feel proud of our country.
Not just for our history; for granting women the vote, standing agai...
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Cost of living driven by fossil fuels and power price hikes
The Green Party says new Stats NZ data shows a 2.1% increase in household living costs is driven by out of control fossil fuel and power prices, an...
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Soaring power prices show urgent need for electrification
The Green Party says today's inflation figures show power prices are once again a key driver of the cost-of-living crisis, and reinforce calls for ...
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Latest Economic Development Announcements
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PREFU shows efforts to keep us all healthy, now we need to revenue raise
PREFU has given a good insight into what was required to ensure New Zealanders were largely supported to continue work and remain healthy during CO...
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Sustainable business
In the wake of COVID-19, we must empower small businesses in Aotearoa to flourish, create new jobs, and support their local communities.
The Green ...
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Sustainable jobs
A sustainable economy means good working conditions and fair distribution of the benefits of our natural resources.
As we respond to the disruption...
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High tech economy
A strong manufacturing and technology sector will create jobs in low-emissions industries and ensure we can sell Aotearoa’s skills to the world. Th...
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Green Party welcomes first Wellbeing Budget
“The Green Party is proud to welcome New Zealand’s first Wellbeing Budget to deliver change for New Zealanders,” Green Party Co-leader James Shaw s...
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Wellbeing: We need to change how we see our economy
“The Wellbeing Budget is a first step in changing the way we look at the economy and our place in it”, said Green Party Co-leader Marama Davidson.
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