Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

RPT-New Zealand's new leader names his cabinet, changes inner circle

Published 19/12/2016, 09:56 am
© Reuters.  RPT-New Zealand's new leader names his cabinet, changes inner circle

(Repeats with no changes to text)

WELLINGTON, Dec 18 (Reuters) - New Zealand's new prime minister Bill English announced his cabinet on Sunday, introducing four new faces and rejigging his inner leadership group.

After popular leader John Key's surprise resignation, the National Party had a chance to refresh its line-up of senior politicians as the government prepares to battle for a fourth term in an election due around September 2017.

English, former deputy premier, was confirmed as prime minister on Dec. 12, one week after Key announced he was stepping down after eight years. prime minister told reporters his "refreshed" cabinet builds on Key's success and "provides a mix of new people, alongside experienced ministers either continuing their roles or taking up new challenges".

The new line-up sees three incumbent ministers - Amy Adams, Simon Bridges and Jonathan Coleman - brought into the inner "kitchen cabinet".

Paula Bennett was named earlier as deputy prime minister. She has been given five cabinet portfolios: women's affairs, tourism, police, climate change and state services.

Steven Joyce, senior cabinet minister under Key, becomes finance minister and infrastructure minister.

Transport Minister Simon Bridges retains that portfolio, and also becomes economic development minister and associate finance minister.

Murray McCully, foreign minister for eight years, will remain in that position until retiring from it on May 1.

English, who 13 years ago oversaw an election loss for the National Party to the centre-left Labour Party, takes the reins of a country in good economic shape compared with much of the developed world.

For April-June, New Zealand reported annual economic growth of 3.6 percent, compared with 3.0 percent the preceding quarter.

Third-quarter data will be reported on Dec. 22.

The new leader indicated a "stock-take" of the centre-right National government's policy. He has not signalled any specific changes aside from declining to commit to Key's vow that the retirement age would remain 65.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.