New Zealand will 'ultimately' go backwards under new Government - Chris Hipkins

Chris Hipkins has spoken out about the incoming Government, saying New Zealand won't get better and will "ultimately" go backwards. 

The outgoing Prime Minister made the comments during a press conference at Parliament on Friday afternoon. 

"Unfortunately, the agreements that we have seen today reveal that what they have been negotiating over the last six weeks is a very confused and contradictory grab-bag of commitments that will ultimately take New Zealand backwards," he said of the National/ACT/NZ First Coalition. 

"They've decided to prioritise landlords over renters, prioritise the oil and gas industry over New Zealand's international reputation and environment, they've decided to prioritise the tobacco lobby over the health of all New Zealanders." 

Hipkins told reporters those were just some "wrong" priorities in the incoming Government had. 

"We've also seen that, even before they go into Government, our predictions before the election that their tax cuts simply didn't add up have, of course, proven to be true by abandoning their plan to bring foreign home buyers back into the market - which wasn't going to add up anyway." 

Chris Hipkins.
Chris Hipkins. Photo credit: Newshub.

The soon-to-be Opposition leader also warned of inflation and interest rates staying higher for longer under the incoming Government. 

"Ultimately, New Zealanders will pay more than they're likely to benefit from in the tax cuts that the National Party are offering," Hipkins said. 

"My final observation would be to note that it's good that Christopher Luxon is moving into a round office given the circles that David Seymour and Winston Peters seem to be running around him and no doubt will for the next three years." 

Hipkins' Labour Party was voted out at last month's election after six years in power. 

He offered his congratulations to incoming Prime Minister Luxon and his coalition partners for their pathway into Government.