Labour has a great day at the office

The economic purists may have been wailing. Many Auckland Airport shareholders may have been weeping. The Labour Party was not giving a hoot about that yesterday. It was too busy having its best day at the office by far this year.

The Government’s last-minute tightening of rules on foreign investment in strategic assets had effectively killed off the Canadian bid for a 40 per cent shareholding in the airport company.

And as a bonus – and no small one at that – Labour had finally got John Key where it wanted him; wriggling on the spot and being seen to be avoiding being pinned down as to what exactly National would have done about the Canadian offer had it been in government.

That is the kind of election-year question for which National’s leader must have a ready, concise and credible answer.

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