Second National Government of New Zealand - Formation

Formation

The key issue of the 1960 election was the 'Black Budget' of 1958, in which the Labour government had raised taxes on alcohol, petrol and cigarettes. Although the government argued that it was necessary to address a balance of payments crisis, National continually attacked the government for it, and most historians consider that it lost Labour the election after only one term in office. Another, less important factor, may have been the age of Labour's leadership. Prime Minister Walter Nash was 78 in 1960, and had been Finance Minister in the first Labour government 25 years earlier. Voters probably considered him and many of his team old and out of touch in contrast with National leader Keith Holyoake, who in 1960 was only in his mid 50s.

The phrase Young Turk was used by Ian Templeton to describe three of the new National MPs elected in 1960, Peter Gordon, Duncan MacIntyre and Rob Muldoon. The description stuck (Zavos).

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