Everything about David Caygill totally explained
David Caygill,
CBE (born
1948) is a former
New Zealand politician. After being New Zealand's youngest city councillor at 22 (in Christchurch), he was an MP from
1978 to
1996, representing the
Labour Party. He served as
Minister of Finance between
1988 and
1990.
Member of Parliament
Caygill was first elected to Parliament in the
1978 elections as MP for the
Christchurch electorate of
St Albans. When the
Fourth Labour Government was formed after the
1984 elections, Caygill aligned himself with
Roger Douglas, the controversial
Minister of Finance. Douglas, Caygill, and
Richard Prebble were together dubbed "the Troika", and were responsible for most of the economic reform undertaken by the
Labour government. The "
Rogernomics" reforms, which were based on
free market economic theory, were unpopular with many traditional
Labour supporters, but Caygill managed to avoid the worst of the condemnation directed towards
Douglas and
Prebble. When the two became founding members of the
ACT New Zealand political party in 1994, Caygill chose not to join them.
Minister of Finance
When
Douglas was fired by the
Prime Minister,
David Lange, Caygill was appointed
Minister of Finance in his place. After
Lange himself had resigned, Caygill retained his position under both
Geoffrey Palmer and
Mike Moore, Lange's short-lived successors as
Prime Minister.
In
1991, a year after the
Labour Party had lost office, Caygill was replaced as finance spokesperson by
Michael Cullen, who was more moderate in his economic policies. Caygill continued to hold a senior position in the
party, however, and when
Helen Clark became leader in
1993, Caygill replaced her as deputy leader. At the
1996 elections, however, Caygill finally retired from
Parliament. He was replaced as deputy leader by
Michael Cullen.
Life after politics
After leaving politics, Caygill returned to his original occupation,
law. For some time, he was a partner at Buddle Findlay, a prominent law firm. He also worked for a number of government bodies, and was chair of the
Accident Compensation Corporation. He chaired a ministerial inquiry into the
New Zealand electricity market in 2000, and was appointed chairman of the Electricity Commission in 2007.
Further Information
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