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Speaker 1: And Thomas Coblin, the Herald's political editors with us. Hey,

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Speaker 1: Thomas Godhead. So Labour's done what they should have done

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Speaker 1: yesterday and they finally shot down this ridiculous idea from

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Speaker 1: the Marty Party.

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Speaker 2: Yea, yes, they have this. So yeah, you recall yesterday

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Speaker 2: there was the speaking the Marti Party has a policy

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Speaker 2: of giving the superinnuation payment to Maori seven to ten

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Speaker 2: years earlier to account for the fact that mary life

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Speaker 2: expectancy is about seven years less than everyone else. Labor

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Speaker 2: wasn't ruling it out yesterday. They've subsequently done so today.

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Speaker 2: And I mean yeah, like we said yesterday, Labor was

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Speaker 2: never going to have a read of this policy. It's

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Speaker 2: about four billion dollars a year. Brad Olsen reckons there

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Speaker 2: was no chance in hell that that was ever going

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Speaker 2: to happen. But for whatever reason yesterday Labor wasn't ruling

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Speaker 2: it out. And I think they've seen the reaction to

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Speaker 2: the policy and subsequently done so today. I think it

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Speaker 2: probably bodes ill for the next few few well a

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Speaker 2: couple of years leading up to the election, that they're

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Speaker 2: not able to move fast on stuff like this. They

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Speaker 2: really need to get their get their act together and

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Speaker 2: just sort of kill these these sort of negative policies faster, Thomas.

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Speaker 1: Isn't it quite simple like that their default default position

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Speaker 1: on anything that comes from the Maori Party should be

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Speaker 1: to poop poo it? Because when was the last time

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Speaker 1: you heard an idea from the Maru Party there was

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Speaker 1: a good idea?

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Speaker 2: I mean, yeah, gosh, you got me straight scratchical head there.

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Speaker 2: I mean the last one I was, I was, I

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Speaker 2: think you you did on the show last year are

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Speaker 2: the two hundred billion dollar capital gains tax over six years? Right?

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Speaker 2: It's stuff like that that the Maori Party's weakness is

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Speaker 2: really in that policy area. I mean, on the on

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Speaker 2: the election campaign, Taker to Theist was talking about having

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Speaker 2: separate Maori trade deals and you know how that would work.

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Speaker 2: Would you have separate border agents customs agents for goods

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Speaker 2: that were being imported and exported by Marti. It's just

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Speaker 2: that the policy space is really not and then you've

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Speaker 2: got this Treaty Commissioner idea, which even the Malori Party

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Speaker 2: doesn't seem seem to be on the same page on.

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Speaker 1: Soon maybe the Labor Party just needs to adopt a

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Speaker 1: line like, look, the Mary Party means well, but probably

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Speaker 1: that's not how it's going to work. And then stick

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Speaker 1: to something like that, just like gently shoe should down

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Speaker 1: right instead of even being seen to entertain it.

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Speaker 2: I mean, the gently you've hit upon the gently issue

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Speaker 2: is the is the issue because on current polling, like

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Speaker 2: Labor's looking pretty competitive for twenty twenty six and obviously

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Speaker 2: that the key component of that though is the Maori

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Speaker 2: Party and the Malorti Party is going to be in

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Speaker 2: Parliament in twenty thwenty six. They're going to win a

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Speaker 2: lot of those Malori seats. Yeah, and so there's really

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Speaker 2: no there's no, there's no question about it. If laborants

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Speaker 2: to form a government, they have to have a good

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Speaker 2: relationship with the Maori Party, and you've seen them in

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Speaker 2: the House. They can get pretty volatile and obviously the

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Speaker 2: President John tammerhead a good relationship with Willie Jackson, but

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Speaker 2: a lot of beef with the Labor Party.

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Speaker 1: What do you make of this business? Labour talking up

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Speaker 1: the chances of a snap election is nonsense, isn't it?

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Speaker 2: Yeah? I think it's I think it's I mean, I

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Speaker 2: don't begrudge Karen mcinnulty for for for talking it up.

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Speaker 2: You've got to you know, you've got to stir the

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Speaker 2: pot a wee bit and certainly, certainly at the moment,

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Speaker 2: whenever you have a wee bit of a bust up

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Speaker 2: occurring within the coalition, and it happens from time to time,

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Speaker 2: Labour's got to get in there and fan the flames

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Speaker 2: a little bit. That's what an oppersition does. But I

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Speaker 2: don't I don't think it is likely that was going

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Speaker 2: to see us anap election. Happy to have you egg

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Speaker 2: on my face in a few months time if it occurs,

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Speaker 2: but it doesn't sound like it's happening now, I.

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Speaker 1: Don't think so. Okay, Now, So Nicola Willis is still

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Speaker 1: having a crack at the Reserve Bank, is she?

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Speaker 2: Yeah, she is so. So she came out today and

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Speaker 2: obviously you had on your show yesterday trying to get

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Speaker 2: to the bottom of this two hundred billion dollar budget

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Speaker 2: for twenty twenty five. Now, the Reserve Bank got to

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Speaker 2: me yesterday evening and said that the two hundred billion

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Speaker 2: dollars that is budgeted for this year that is actually

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Speaker 2: them spending or being forecast to spend, fifty million dollars

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Speaker 2: that they had saved over the last couple of years,

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Speaker 2: five years Now, obviously Nichola Willis would probably have preferred

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Speaker 2: them if they'd saved that fifty million dollars to actually

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Speaker 2: return it to the government so that we don't have

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Speaker 2: to borrow it in the first place. But instead the

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Speaker 2: Reserve Bank plans to spend it.

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Speaker 1: And how did you just find fifty million dollars worth

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Speaker 1: of stuff to spend money on?

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Speaker 2: That is a very good question. It looks like it

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Speaker 2: has gone to a bit of a staff higher up,

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Speaker 2: and yeah, I mean it it is.

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Speaker 1: Well, no wonder they needed to increase their budget, because

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Speaker 1: it's not like your higher staff for one year, is it.

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Speaker 1: If you blow fifty million on staff this year, you're

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Speaker 1: going to need the same amount of staff next year.

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Speaker 2: Yeah, and yes, I mean precisely. And to put that

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Speaker 2: in perspective, in twenty nineteen, the last year of the

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Speaker 2: Bill English Funding Agreement, fifty million dollars was enough for

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Speaker 2: the whole Reserve Bank's budget. That was they used to

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Speaker 2: run the whole bank and now it's just a sort

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Speaker 2: of bolt on the side.

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Speaker 1: It's a lot of money. Thomas, jeez I okay, mate, listen,

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Speaker 1: thank you very much. You go and have yourself a

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Speaker 1: lovely Easter holiday. That's Thomas Collin, the Herald's political editor.

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Speaker 2: For more from Hither Duplessy Allen Drive, listen live to

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Speaker 2: news talks.

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Speaker 1: It'd be from four pm weekdays, or follow the podcast

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