Political Round Up | Issue 2
Snippets From the Beehive
Opposition Leader Andrew Little has been caught out for accidentally not paying one of his workers. The individual, a contractor, was owed $950 for nearly four months. Funnily enough, Little had spoken out against the challenges small-business owners face just a week earlier.
2. STEVEN JOYCE FORCED TO FOLD
Economic Development Minister Steven Joyce has been forced to pull out of his controversial deal with Sky City. A deal had been struck between Joyce and Sky City for the government to deregulate Sky Citys gambling licenses. The agreement, originally forecast at $402 million, fell through after the cost increased to over $470 million. Joyce was forced to fold on the proposal of a government contribution to the project after controversy in the media.
3. BILL ENGLISH SUPER FUND LOSSES
Finance Minister Bill English has landed in the middle of his first controversy of 2015. It was recently reported that a New Zealand superannuation fund has lost $200 million of taxpayer money. The sum was invested in a US investment fund, a fund that went bust after investing in a Portuguese bank.