‘lncentive lacking’
The president of the Public Service Association (Mr S. J. Rodger) said that the Budget contained no incentives for wage and salary earners to stimulate New Zealand production and to encourage the retention of the workforce within New Zealand. In spite of the statement by the Minister of Finance that no across-the-board assistance for farmers was warranted, he has then dispensed many million of dollars in this fashion.
The president of the Canterbury Trades Council (Mr R. A. Hill) said there were some welcome proposals but the increases in the family benefit and in pensions were insufficient, and lifting the 10 per cent income tax surcharge was only returning “the big grab” taken from the workers last year. All other tax was still running at record levels. The hand of the International Monetary Fund was shown more clearly than ever in the decision to phase out import licensing, on which the majority of industries depended.
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Bibliographic details
Press, Volume CXI, Issue 32630, 11 June 1971, Page 1
Word Count
157‘lncentive lacking’ Press, Volume CXI, Issue 32630, 11 June 1971, Page 1
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Acknowledgements
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