Foreign investment is critical
Foreign investment not only brings in money but links New Zealand into foreign markets, says former Prime Minister John Key.
This follows the shock announcement by Prime Minister John Key that he is resigning from the top job.
He made the announcement at his weekly press conference this afternoon.
"This is the hardest decision I've ever made and I don't know what I'll do next,” Key told journalists in Wellington.
Key cited family reasons for leaving, saying the job had required great sacrifices "from those who are dearest to me".
Bill English is expected to take over as Prime Minister and Steven Joyce is expected to take on the finance role.
Key said he would support whoever the caucus chose, but he endorsed Bill English as his replacement.
"There's no way I could have served out a full fourth term," said Key.
