18 Nov 2011

Labour leader presents plan for economy

6:11 pm on 18 November 2011

Labour Party leader Phil Goff has presented the party's economic development policy, saying it's time to return to real issues and that New Zealanders are heartily sick of the tea tape row.

In Auckland on Friday, Mr Goff said it was time to move on from the controversy over the recording of National Party leader John Key's cafe conversation with ACT's John Banks.

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Presenting the policy, Mr Goff said the party had a comprehensive and bold plan to kick-start the economy and create jobs, and the big ideas to set the country on the right course for the next 30 years.

Policies include a capital gains tax, compulsory KiwiSaver, an increase in the age of entitlement for superannuation and broadening the objectives of the Reserve Bank Act.

Labour also says it would pay employers the equivalent of the dole to take a beneficiary on as an apprentice.

Mr Goff says Labour's challenge is to focus on issues such as asset sales, increasing savings and the cost of living.

Radio New Zealand's political reporter says Friday's announcement largely brought together previously announced policies.

Three polls released on Thursday and Friday put Labour's support below 30% while National remained above 50%.