Before the election Key insisted that the energy companies and Air New Zealand would be sold to ‘Kiwi mums and dads’, and said:
. . . given New Zealanders have $300 billion worth of investments, they will buy and keep the shares.
“We could say one hundred percent of shares to New Zealanders, obviously we could say less, but we are targeting that eighty five to ninety percent and I’m confident we’ll reach it,” Key said.
Here’s Key today on the possible cost of the loyalty scheme:
“If you think about the entire float that could be in the order of $5 billion to $7 billion. Let’s argue that it’s $5 billion for a moment if you then turned around and said about 20 per cent of that could be for mum and dad, it could be more it could be less – but just for the purposes of maths that’s a billion.
Key also adds:
These numbers that the Labour Party are coming up with and the Greens are farcical.