Bill English
Minister, Ministerial Services
Minister, National Security and Intelligence
Prime Minister
Well, good afternoon ladies and gentlemen. Quite a lot has happened since the last time we met. Good government is about getting results, so while the Opposition have been rearranging themselves and replacing their billboards, we've been getting on with the decisions that make a difference for New Zealanders’ lives. Now, that’s reflected in the latest advice from international credit rating agency Moody's. It expects New Zealand to be one of the fastest growing triple A economies in the coming years. The Government shares their confidence and optimism about the New Zealand economy. The report confirms that we're getting a lot of stuff right. We're providing opportunities for our young, more options for first home buyers as housing supply grows and rising incomes for workers and superannuitants.
But Moody's also warn we remain vulnerable to external shocks, be they natural disasters, or global market slow-downs. Continued sound management of the economy is required to give the Government choices, for investing more in public services, to keep improving job opportunities and lifting incomes, spreading the benefits of growth across our whole community. Some of these gains are apparent in the independent National Construction Pipeline report released yesterday. It shows the housing pipeline continuing to grow. Over the next 6 years this report, compiled independent of Government, says there will be almost 200,000 homes projected to be built. That's the equivalent of two Hamiltons and two Dunedins combined in the next 6 years.
As you are aware, Ministers have worked hard with council's over recent years to make more land available for housing, speed up transport and water infrastructure, and expand the construction workforce. It won’t surprise you to hear that stopping plumbers, builders, plasterers, electricians, project managers, migrating to New Zealand, as some other political parties propose, will not help the building of the 200,000 new houses. Growth in a growing economy does present challenges, but it also presents very substantial opportunities, and, as a Government, we are committed to seizing those opportunities because growth in the economy and in our population is far preferable to the alternative of, quote, “taking a breather”.
In that regard, you'll have seen that yesterday we announced $267 million of investment in commuter rail in Auckland and Wellington. The funding will provide for more reliable and efficient services for commuters. You'll also have seen that on Friday transport Minister Simon Bridges announced an extra $2.6 billion of funding to improve traffic flows in Auckland, and yesterday’s rail announcement was part of that. We'll provide more detail in the coming weeks, but as this unfolds, it will demonstrate the Government continues to focus on investing to support a growing economy and decisions in the country’s best interest.
Related to construction, but in a completely different way, I want to congratulate Timaru builder Tom Walsh on winning gold medal at the world athletics championships in London this morning in a shotput. I's an extraordinary achievement for a part-time athlete competing against the very best in the world, with the very best of Kiwi spirit.
This week in the House, the Government will look to make progress and, in fact, complete the appropriations Estimates bill and make progress on a number of other bills. In terms of my activities, I'll be in Wellington tomorrow and Wednesday, Christchurch on Thursday, Motueka and Golden Bay on Friday, and Wellington and Auckland on the weekend. Any questions.