October 23, 2012
Shearer demands end to asset sale bid
Labour leader David Shearer says the government’s asset sales programme is in disarray and should be abandoned.
The New Zealand Maori Council and Pouakani claimants from South Waikato are in the High Court in Wellington today seeking to stop the sale of shares in Mighty River Power until Maori water claims can be fully heard.
Mr Shearer says National’s privatisation agenda is now fatally compromised, and business and financial analysts are now saying the Government won’t get the sort of money it is wanting.
"We are not only flogging our assets off, we are flogging them off at rock bottom prices and that’s a huge waste for New Zealand," he says.
Mr Shearer says the future management and allocation of water needs to be worked out in a rational way.