Business “largely overlooked” in Budget
Canterbury Employers’ Chamber of Commerce (The Chamber) Chief Executive Leeann Watson says today’s Budget 2021 announcement has largely overlooked the role of business in the country’s economic recovery. Finance Minister Grant Robertson outlined his fourth Budget today, which focused on the three pillars of child poverty, affordable housing and climate change. Ms Watson says: “Rather than taking a balanced approach within this Budget on societal issues and the economic recovery and rebuild, it feels like the Government has taken an either/or approach. In order to focus on some of the significant issues we face in New Zealand, such as around child poverty, affordable housing and of course climate change, we need to have a strong economy, which is underpinned by our business community. So it is disappointing that the role of businesses have been largely overlooked in this Budget. “The Government has said that it is committed to tackling the foundational challenges in our economy and society, but where is the recognition of the role of business in supporting this? We need businesses and jobs to secure the livelihoods and welfare of our community.” Ms Watson says it was positive to see the final stage of investment for a new South Island Mechanical Maintenance Hub to be built at Waltham in Christchurch. “This Hub will create around 300 jobs through its construction, which is significant for the city, and will be a great asset for the region moving forward. It was also positive to see funding for a $306 million redevelopment of Scott Base, which will support up to 700 jobs over the six-year timeframe for the work and enable us to leverage our Antarctic connection, and most importantly, ensure our presence in Antarctica is safeguarded.” Included in the Budget was an investment over the next two year of $44 […]