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Shipley's half truth as bad as making it up - Cullen

"Written submissions are now being taken for the Independent Review into the Operation of Monetary Policy," Finance Minister Michael Cullen announced today.

"The recent pickup in business confidence reflects the underlying strength in the economy and should continue as the export recovery gathers momentum," Finance Minister Michael Cullen said today.

"I am assuming that National's latest stance on superannuation is just a holding position. Any other interpretation would be unkind," Finance Minister Michael Cullen said

Foreign Minister Phil Goff called Fijian High Commissioner HE Isimeli Bainimara in to his Wellington office at noon today to express directly New Zealand's condemnation of events in Fiji and the failure of authorities to make progress towards restoring democracy.

The auction of the 2GHz spectrum has been postponed pending the Court of Appeal's decision on the appeals of the New Zealand Maori Council and Mrs Rangiaho Everton.

Shareholding ministers Michael Cullen and Trevor Mallard have agreed to Airways Corporation's continued participation in a consortium that intends to bid for a portion of the UK-based National Air Traffic Services.

"The erosion in business confidence has been serious but the evidence of the latest National Bank survey is that the mood is turning around," Finance Minister Michael Cullen said today.

"The latest gross domestic product result showing the economy grew 0.8 percent in the three months to the end of March is in line with market expectations,"

Finance Minister Michael Cullen and Economic Development Minister Jim Anderton will sign a Heads of Agreement for the West Coast package in Greymouth tomorrow.

"Budget 2000 does not attempt to do everything at once. But it does clearly signpost the direction in which the Labour-Alliance coalition wants to take the country," Finance Minister Michael Cullen said today.

A National budget this year would be a complete non-event, utterly incapable of making any sort of difference," Finance Minister Michael Cullen said today.

The April overseas merchandise trade data, showing exports are growing and imports slowing, is encouraging," Finance Minister Michael Cullen said today.

"Bill English is right that the increase in petrol prices and mortgage rates will hit households. But his attempt to blame the Government is mischievous and misleading," Finance Minister Michael Cullen said today.

It’s a pleasure to be here this evening. I get the feeling that I will be attending more events in this role as Paul Swain comes back on board and economic Ministers become more proactive.

The rate used to calculate fringe benefit tax for low interest employment-related loans has been increased in line with market rates.

Professor Lars Svensson of Sweden will conduct the Government's promised review into the operation of monetary policy, Finance Minister Michael Cullen announced today.

"The aim of the monetary policy review is to investigate ways of enhancing the Reserve Bank's ability to implement the PTA with minimal disruption to the economy," Finance Minister Michael Cullen said today.

Finance Minister Michael Cullen has announced that he and Fisheries Minister Pete Hodgson have declined all overseas applications to purchase Brierleys Investments Ltd 50 per cent stake in Sealords.

Any foreign investor wanting to buy BIL's 50 percent stake in Te Ika Paewai Ltd will need the approval of Finance Minister Michael Cullen and Fisheries Minister Pete Hodgson.

Finance Minister Dr Michael Cullen welcomed over 100 delegates from East Asia and Pacific stock exchanges at Parliament today.

"Monetary union is not on the Government's agenda. However the issue is worth
debating and I welcome the contribution made by Dr Grimes and Sir Frank Holmes,"
Finance Minister Michael Cullen said today.

Acting Finance Minister Trevor Mallard said today that the Government had no comment to make on the announcement this morning from Reserve Bank Governor Don Brash on the official cash rate.

Finance Minister Michael Cullen says Ericsson is to be congratulated for the $6 million Internet technology deal signed today with Telecom Poland.