Wednesday, 18 October, 2017

New Zealand leader addresses supporters

New Zealand Treasury Secretary Gabriel Makhlouf discusses the election and the possibility of an RBNZ revamp New Zealand Treasury Secretary Gabriel Makhlouf discusses the election and the possibility of an RBNZ revamp
Saul Franklin | 24 September, 2017, 00:10

In her speech at the Labour Party headquarters Ardern said she had called Bill English to acknowledge he had more seats and admitted she hadn't done as well as she would have liked. This means that the voters in New Zealand may have to wait for days or weeks before knowing who will be their next leader as different political parties try to negotiate with each other to secure a majority.

In the past, he has raised concerns about New Zealand becoming an "Asian colony" and warned about migrants taking jobs from locals.

New Zealand's parliamentary elections on Saturday yield no clear victor as tally ended in the wee hours of Sunday, leaving the third largest party with 7.5 percent of the votes the kingmaker.

For her part, Ardern pledged on Saturday evening: "I can assure you we will remain relentlessly positive".

Ms Ardern said as leader she took responsibility for Labour's 10-point loss.

But English, who succeeded John Key as prime minister late previous year, has overcome the demons of his last shot at leadership, which ended in a humiliating defeat in 2002, and is easily the best placed to form a coalition government.

He added: "We'll make a decision in the interests of all New Zealand and New Zealand First, that is the whole country. that will take some time".

No party has claimed a majority government in New Zealand's 120-seat parliament since proportional voting was adopted in 1996 and this election is unlikely to change that.

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NZ First is now at 7.5% and Peters, familiar with his role as king-maker in New Zealand elections, has indicated he will be weighing his options before making a decision on which party he will support into government.

New Zealanders were voting Saturday in a national election that appears to be a close race between conservative Prime Minister Bill English and liberal challenger Jacinda Ardern.

Ardern's centre-left Labour Party and its preferred partner the Greens were on 54, still needing another seven. I haven't done as well for them as I would have liked.

"We have been strong enough and honest enough with our supporters to make it home", he said.

English said people should stay the course after his government set the country on a path toward increasing prosperity. He would be able to extract better deals from both National and Labour if the viability of a Labour-led Government were certain.

A record 1.2 million votes were cast in advance, but neither major party was expected to win an outright majority.

The National Party, which has held government for the past three terms, attacked her financial credibility, arguing that only English had the experience to maintain strong economic growth.

A campaign that had been focused on issues such as the housing crisis, child poverty and health instead became focused on the economy.

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