National “would get New Zealand working again” if they could, maybe

National have to watch while the Government keep announcing policies they are putting into practice to deal with the economic fallout from the Covid-19 epidemic.

Leader Simon Bridges announced hypothetical policy today. It’s only purpose is to try to attract attention and portray National as having good ideas, although knowing that it won’t be implemented makes it unneccesary to even be effective or viable – it only has to sound appealing to some voters.

The key part is:

“To reduce the damage and to save jobs, National would offer a GST cash refund of up to $100,000 – based off the GST they paid in the 6 months to 1 January 2020 – to the small businesses most affected.”

GST is only one business expense and I think it would be hard to identify “businesses most affected” and provide effective targeting. I guess a lot of business people grumble about GST but this seems an odd way of supporting at risk businesses.

From the National Party website:


National would get New Zealand working again

Leader of the Opposition Simon Bridges has today announced the first part of National’s plan for getting New Zealand working again.

“New Zealand has flattened the curve. Our first priority now must be to lift the restrictions that are flattening the economy.

“We need to get cash flowing to the thousands of small businesses that were forced to close in the national interest, and left shouldering a disproportionate amount of the economic burden.

“To reduce the damage and to save jobs, National would offer a GST cash refund of up to $100,000 – based off the GST they paid in the 6 months to 1 January 2020 – to the small businesses most affected. They would need to demonstrate a revenue drop of more than 50 per cent across two successive months due to the lockdown rules.

“We estimate this could benefit up to 160,000 businesses and save countless jobs.

“If the business paid more than $100,000 in GST over that period, then they would be able to claim up to an additional $250,000 as a repayable loan over 5 years.

“National understands the key to growing the economy is to encourage and incentivise business investment.

“That’s why we would temporarily lift the threshold to expense new capital investment for firms. The Government lifted the threshold from $500 to $5000 as part of its Covid response. We’d go much further and lift it to $150,000 for two years.

For example, if a company spends $145,000 on a new machine to improve its productivity, rather than depreciating that asset over many years, it will be able to expense the full $145,000 in this tax year.

“What we do in the next few months is critical to help businesses survive and save jobs.

“The Government took the right steps to contain the virus but already it’s stalling on what to do next.

“National will work alongside New Zealanders to achieve jobs, sustainable growth and boundless opportunities for New Zealanders and their families.

“Kiwis have done a great job self-isolating and social distancing to save lives. But with 1000 people a day joining the dole queue, we now need to turn our attention to saving jobs.

“National will get New Zealand working again.”


National can’t do anything about getting New Zealand business going again for most of the rest of the year at least, so this sounds like an election campaign slogan.

Leave a comment

12 Comments

  1. artcroft

     /  5th May 2020

    I believe you are wrong in your assessment of Simon’s chances. The elimination strategy NZ is pursuing has economic destruction baked into it. I know of 2 people who have lost their jobs and a number of senior executives who have been put on three day weeks. The pain is becoming real.

    What happens if we go to level 2 and in a months time we have 1000 cases of covid. Will Jacinda tries to return level 4. Voters will know that many of them are going to be thrown under the bus by this action.

    Suddenly Simon’s slogan resonates.

    Reply
    • It may resonate, but it’s just a slogan and not intended as serious policy.

      If National does get back into power this year, by the time that happens the situation will be quite different to what it is now so they will have to come up with whatever seems necessary at the time.

      Reply
      • Gezza

         /  5th May 2020

        “National will get New Zealand working again” … this sounds like an election campaign slogan.

        It absolutely does. And a good one. Bearing in mind the business closures & job losses all the usual economic & business experts, & the govt itself, are predicting. Labour should have thought of it first.

        Reply
        • Labour caused the economic destruction by their drastic over-reaction to a virus that has affected 1 in 10,000 people so is hardly an epidemic. It would be an absolute gall if they now used a slogan like that.

          Reply
          • duperez

             /  5th May 2020

            From the safety of wherever you are in New Zealand, on May 5th, you pronounce the ‘economic destruction’ of the country from something that is ‘hardly an epidemic.’

            I can see why you’d think Labour would have gall using the ‘get New Zealand working again’ slogan. They haven’t done it though.

            You did have the gall to use the expression ‘hardly an epidemic.’

            Reply
      • duperez

         /  5th May 2020

        It may resonate, but it’s just a slogan? Its main purpose is to resonate and it does that.

        Reply
      • artcroft

         /  5th May 2020

        Sure, it’s just a slogan but events could make it effective. Personally I hope not. I want rid of this virus and hope elimination works. After all we’ve paid a huge price. (Some have paid more than others). But only time will tell.

        Reply
  2. Blazer

     /  5th May 2020

    His idea has appeal,especially to voters that would vote National …anyway.

    Reply
  3. David

     /  5th May 2020

    It’s a plan with some merit and quite some thought. Most assistance has gone to employees and it’s not much help if there are no businesses for them to work at.
    Help them.now they pay tax in the nearer future.

    Reply
  4. David

     /  5th May 2020

    I think also Bridges is admonished for barking and its suggested here he tries something constructive and he has. It’s good to know what sort of things he would do if in charge rather than just opposing what is going on only.

    Reply

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