NZ union backs Labour’s plan to stop selling state assets, citing rising power prices.

The Public Service Association (PSA), New Zealand’s largest public sector union, has endorsed Labour’s Future Fund plan to halt future state asset sales, citing rising power prices—up over 11% in the past year, the highest since 1989—as evidence of privatization’s negative impacts. The union argues that retaining public assets keeps profits within New Zealand and protects services, urging all political parties to commit to a permanent ban on sales.