Bayly AndrewANDREW BAYLY (National—Hunua): Thank you Madam Deputy Speaker. I sense that this is a Government in trouble. It is a Government in trouble because I think the most alarming thing I read was the very first statement in the Reserve Bank's Monetary Policy Statement that was issued last week. The very first statement stated GDP growth has slowed over the past year." It goes on to say "risks to the growth outlook are [on] the downside." and thirdly it says "Inflation remains below the 2 percent target mid-point but there are early signs of inflationary pressure rising." Those three things are what kill an economy and that is why I think this Government is facing some pressures even though it's not prepared to admit to it yet. I think the worst thing that the Reserve Bank identified on Thursday was that it had downgraded the GDP growth—this is the economic growth of the New Zealand economy—from 3.1 percent in the last year to September 2018. Through the four quarters to September 2019 we're seeing a drop from over 3 percent to just over 2.5 percent. I said to this House not long ago—to the Minister of Finance who happened to be sitting in his chair over there—that I believed that this economy would be generating only a 2.5 percent growth rate by the end of this year and he laughed. The worst thing is the impact that has on New Zealanders trying to get a job trying to save for a house and trying to actually provide for their families. That's the implication of a declining growth rate.Also the other thing that's starting to bite is the issue around what's happening with imports. As a result of what the Government is doing the foreign exchange rate—the New Zealand dollar to US dollar rate—has fallen out of bed 2c over the last month—2c. It doesn't sound like much but in percentage terms it is very significant. The result of that is that all of our imports are substantially harder to buy. We're spending more money to buy things like fuel fuel fuel. And that's the issue.On top of this we have got a Labour - New Zealand First coalition Government imposing $2.6 billion of new taxes on New Zealanders who didn't know about it in the last election but somehow these new taxes have been imposed. The worst one in my view in my electorate is the fuel tax—the fuel tax—because in my electorate there is very little opportunity to use public transport. I can guarantee there's no opportunity to use the tram from the CBD to the airport. So what's happened is the good people of my electorate of Hunua will be funding all this other expenditure in different places. That is why they're going to be worse off. Their discretionary income is going to be diminished—not demolished yet but diminished. I think that's the worry for New Zealanders and that's the bit that really annoys me when I think about the impact on the good people of New Zealand.It was interesting hearing the Minister just before talking about jobs—he is the Minister of Employment. Here we are: we've got a Provincial Growth Fund that sucked $3 billion out of the Budget on top of the billion for the Rt Hon Winston Peters' billion dollar "cushions and curtains for Stockholm". So 4 billion bucks has been ripped out of the Budget and on the other side what the Government has done is rip $5 billion out of rural roads—rural roads. If you're talking about economic development putting money into good infrastructure is one of the best things you can do.When you look down in the south where I am in Auckland taking the billion dollar Mill Road project off the agenda and trying to substitute it for Redoubt Road is in my view a very poor investment. Again what we've got is a short-sighted slush fund being directed to things that are not going to generate jobs for people in New Zealand."