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News and Current Affairs.
Main Stories:
Another bank appears to be joining the movement towards lower interest rates stared by the National Bank. In a bid to get banks to drop their rates an industry lobby group met with the BNZ and Westpac management this afternoon. The group says it has a commitment from both banks to lower their rates, and it could be Westpac that moves first. Speakers: Brian Chamberlin (Industry Lobby Group), Owen Jennings (Industry Lobby Group), Jim Macaulay (National Bank).
The controversial student loan scheme looks like it could be scrapped and Associate Education Minister Phil Goff has come out fighting, accusing students of pressuring banks to oppose the scheme and accusing banks of getting together to sink the idea. Speakers: Phil Goff (Associate Education Minister), Jim Macaulay (Chairman, Bankers Association), Frank McLauchlin (Vice President, NZUSA).
The latest Eyewitness Heylen Poll shows that the latest Labour Party bloodletting has not further damaged it, but has served to promote three key players. National has 54% support, Labour 33%, New Labour 9% and 26% undecided. David Lange shares preferred Prime Minister with Winston Peters at 17% support. There continues to be strong disapproval of the Government’s performance on unemployment and the economy.
Another leadership challenge is mounting within the Labour Party, this time for the job of President. Former All Black Ken Gray is expected to challenge Ruth Dyson.
A report from Hong Kong, where thousands are leaving the colony before Britain hands it over to China in 1997.
Other Stories:
Families met face to face with Auckland health officials over plans to move severely handicapped patients out of North Shore Hospital and into community care.
A road crash in Southland has claimed the lives of two people and left five injured.
Soviet fighter plane crash in Belgium.
Solidarity trade union members are now in Poland’s Parliament.
Wimbledon.
King Country versus Argentina rugby.