|Caygill in 2013|
|28th Minister of Health|
24 August 1987 – 30 January 1989
|Prime Minister||David Lange|
|Preceded by||Michael Bassett|
|Succeeded by||Helen Clark|
|36th Minister of Finance|
14 December 1988 – 2 November 1990
|Prime Minister||David Lange
|Preceded by||Roger Douglas|
|Succeeded by||Ruth Richardson|
David Francis Caygill, CNZM (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.
Christchurch City Council
Member of Parliament
|Parliament of New Zealand|
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 Prime Minister 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 his last budget as Minister of Finance before retiring, Caygill lifted the quarantining of rental losses on investment property, allowing an investor to offset losses on their investment property against their other taxable income.
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 Labour Party, however, and when Helen Clark became leader in 1993, Caygill replaced her as deputy leader. At the 1996 elections, Caygill 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. He is a board member of the Energy Efficiency and Conservation Authority. He is the chair of the Education New Zealand Trust.
|Wikimedia Commons has media related to David Caygill.|
- "Councillors of the City of Christchurch". Christchurch: Christchurch City Council. Retrieved 17 August 2010.
- Christchurch Chronology (2nd edition ed.). Christchurch: Christchurch City Council. 1990. p. 55.
- "About the Commissioners". Environment Canterbury. Retrieved 17 August 2010.
- Wilson, James Oakley (1985) [First ed. published 1913]. New Zealand Parliamentary Record, 1840–1984 (4th ed.). Wellington: V.R. Ward, Govt. Printer. p. 97. OCLC 154283103.
|New Zealand Parliament|
|Member of Parliament for St Albans
|Minister of Health
|Minister of Finance
|Party political offices|
|Deputy Leader of the New Zealand Labour Party