30 Aug 2014

NZ First commits to asset buyback

12:13 pm on 30 August 2014

New Zealand First has reiterated that a commitment to buy back privatised assets is a bottom line for joining any other party in government.

NZ First leader Winston Peters.

Winston Peters, New Zealand First leader Photo: RNZ / Diego Opatowski

New Zealand First leader Winston Peters said his party were committed to the policy on TV3's The Nation, today.

The National government has partially privatised several state assets, and Mr Peters criticised the 49 percent sale of Mighty River Power while it was making an 84 percent profit.

"This is daylight robbery of the very worse sort against the New Zealand people and New Zealand business, and we're going to stop it, and turn it around."

The idea of buying the assets back was opposed by National and was effectively ruled out by Labour in the wake of speculation it might launch a buyback policy.

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