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Barbara Edmonds

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71 total appearances
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Podcast Appearances

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

Every political party and every finance spokesperson has to stump up with the numbers.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

We've made it really clear.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

Every policy that we commit to, we want to ensure we can deliver it.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

It's fully costed.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

And you'll see as more policies are rolled out, they will be costed.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

And everything will come together as part of our fiscal plan, which we release a little bit later.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

So fiscal periods are over a four-year period, so forecast periods are four years.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

And so we used a very conservative 3% growth on average.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

So again, if you look at the budget economic fiscal updates, you'll see first year's around 2%, it increases slightly to 5%, and then it continues.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

But we've made a very conservative growth.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

figure that we've estimated our capital gains tax off, and that's 3%.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

But this is the way that Treasury designs the forecast period.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

You have to look over the four-year period.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

That's how we've designed it, and we've used a very conservative figure, because at the time when we released our capital gains tax figure, it was forecast to be 5% at the time, but we went lower on purpose.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

We are committed to reinstating pay equity legislation.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

I think that's really important for working women who are structurally, because of the workforce that they're in, they are underpaid compared to male comparator women,

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

sectors.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

We know that it's important to Labour, it's important to working women, and we will commit to it.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

And my job is to make sure we have a sufficient fiscal contingency as part of our cost of fiscal plan to cover that figure.

The Mike Hosking Breakfast
Barbara Edmonds: Labour's Finance Spokesperson comments on accusations of financial hole in election promises

So we're going to make some decisions, some hard decisions like every political party has to do leading up to an election.