Podcasts Other The Mike Hosking Breakfast Todd McClay: National says Labour's policies could cost businesses $2.8 billion a year

Todd McClay: National says Labour's policies could cost businesses $2.8 billion a year

Published: Sept. 24, 2020, 9:12 p.m.

The opposition is calling on Labour to explain how much its policies will ultimately cost the country.
National's Economic Development spokesman Todd McClay says the total cost of them could be as much as $2.8 billion a year for businesses.
Labour has committed to lifting minimum wage, increasing sick leave requirements and creating another public holiday.
He told Mike Hosking the Government needs to stop piling the cost on business.
"As we head into a recession, we should be looking at ways to reduce cost upon business to help them create the thousands of jobs Kiwis will need, and these policies won't do that. In fact, I think they'll have the opposite effect."
McClay says the Government should be finding ways to help businesses pay their bills, not piling more bills on them.
"What we actually want is a business environment where businesses can create jobs and help grow our way out of this economy.
"These are all cost to businesses, not to the government."