Labour is set to unveil its first major policy ahead of next year’s election, signalling the announcement as part of a broader plan to keep jobs and wealth in New Zealand.
Hipkins will be joined by finance spokesperson Barbara Edmonds to make the announcement in central Auckland.
“For too long we’ve leaned on overseas investment, and too often the jobs and wealth that start here end up offshore,” Hipkins said in a video statement last week.
Hipkins said Prime Minister Christopher Luxon had made “big promises” to fix the economy but had instead made it worse.
“Every day more than 200 Kiwis vote with their feet and leave New Zealand to find work overseas,” Hipkins said.
“It doesn’t have to be this way. We have everything we need right here. What we need is a government that backs our people, our ideas, and our industries so our people and wealth stay here at home.
“Labour’s got a plan to do just that.”
The pair were expected to speak at around 1.30pm.
