1 00:00:00,680 --> 00:00:04,200 Speaker 1: The huddle with New Zealand Southeby's International Realty find your 2 00:00:04,280 --> 00:00:04,960 Speaker 1: what of a Kind? 3 00:00:05,600 --> 00:00:08,039 Speaker 2: Tim Wilson from the Maximum Institutes on the huddle tonight, 4 00:00:08,039 --> 00:00:11,799 Speaker 2: Hey Tim, good afternoon, welcome back. Good to have you back. 5 00:00:11,800 --> 00:00:14,280 Speaker 2: And Craig Rennie is here as well, chief economist at 6 00:00:14,320 --> 00:00:16,680 Speaker 2: the c TOU, the Council of Trade Union's Craig good 7 00:00:16,680 --> 00:00:20,040 Speaker 2: evening to you. Thanks having me on, Great to have 8 00:00:20,079 --> 00:00:22,119 Speaker 2: you on. Can I just quickly get your reaction to 9 00:00:22,480 --> 00:00:25,040 Speaker 2: both of you to the fact that Auckland Council has 10 00:00:25,120 --> 00:00:28,200 Speaker 2: voted for eden Park two point one. I mean it 11 00:00:28,360 --> 00:00:32,000 Speaker 2: doesn't mean anything, like Tim doesn't mean anything because you 12 00:00:32,040 --> 00:00:34,159 Speaker 2: know they no one's putting any money in that they. 13 00:00:34,800 --> 00:00:38,519 Speaker 3: Yeah, yeah, and that's that's that's where you know the 14 00:00:38,920 --> 00:00:41,559 Speaker 3: money will explain just how much this is actually meaningful. 15 00:00:41,560 --> 00:00:43,600 Speaker 3: But I just want to push back against people complaining 16 00:00:43,600 --> 00:00:45,720 Speaker 3: about the seats at eden Park. You don't go to 17 00:00:45,840 --> 00:00:47,960 Speaker 3: eden Park to sit down. You get within a meter 18 00:00:48,040 --> 00:00:49,840 Speaker 3: and a half of the stage and you rock out. 19 00:00:50,080 --> 00:00:51,720 Speaker 3: If you're going to do something else, just go home. 20 00:00:52,600 --> 00:00:55,520 Speaker 2: Well, but what if you're watching cricket, Because we know 21 00:00:55,640 --> 00:00:58,840 Speaker 2: cricket can go on and on and on anyway, you. 22 00:00:58,800 --> 00:01:00,880 Speaker 4: Just started speaking another language, Ryan, Sorry. 23 00:01:00,840 --> 00:01:03,440 Speaker 2: Craig, Craig, what about you? I mean from a from 24 00:01:03,480 --> 00:01:06,240 Speaker 2: a funding point of view, it's a lot of money, 25 00:01:06,280 --> 00:01:08,880 Speaker 2: and you've got government doing phase one and then you've 26 00:01:08,880 --> 00:01:11,480 Speaker 2: got a PPT PPP doing Phase two and three. 27 00:01:12,959 --> 00:01:14,560 Speaker 5: And that's the real question is whether or not in 28 00:01:14,600 --> 00:01:17,039 Speaker 5: the PPP will be asked to put back even more 29 00:01:17,080 --> 00:01:20,480 Speaker 5: money in the future, and where any real guarantees for that, 30 00:01:20,600 --> 00:01:22,679 Speaker 5: and who fundamentally is going to pay it, because if 31 00:01:22,720 --> 00:01:25,120 Speaker 5: you're going to pay it, because the ticket prices start 32 00:01:25,160 --> 00:01:27,160 Speaker 5: to rise, because we have to pay for the venue, 33 00:01:27,360 --> 00:01:30,720 Speaker 5: it starts to become uneconomic really quickly. So, as Tim 34 00:01:30,760 --> 00:01:32,560 Speaker 5: has said, the proof will be in the pudding and 35 00:01:32,600 --> 00:01:35,319 Speaker 5: whether or not we can bring the pipeline of events 36 00:01:35,360 --> 00:01:37,920 Speaker 5: and guests and things to really pay for the program 37 00:01:38,000 --> 00:01:39,120 Speaker 5: that's actually being put up there. 38 00:01:39,319 --> 00:01:39,639 Speaker 2: Yeah. 39 00:01:39,800 --> 00:01:42,880 Speaker 3: Actually ticket price is pretty expensive or really, Chris Staple 40 00:01:42,959 --> 00:01:44,760 Speaker 3: for them five hundred bucks to stand. 41 00:01:44,600 --> 00:01:48,880 Speaker 2: Up, really to stand up, Yeah, to stand on the Yeah, 42 00:01:48,920 --> 00:01:53,240 Speaker 2: I'm not even sitting down on those g yeah ga, 43 00:01:53,600 --> 00:01:57,000 Speaker 2: you know, sloshing in the mosha. There's a lot of money. 44 00:01:57,080 --> 00:01:59,000 Speaker 2: Tim and Craig will be back in just a moment 45 00:01:59,040 --> 00:02:01,360 Speaker 2: on the huddle, the huddle with. 46 00:02:01,400 --> 00:02:04,880 Speaker 1: New Zealand Southeby's international realty, the ones with local and 47 00:02:05,080 --> 00:02:07,240 Speaker 1: global reach like you. 48 00:02:08,480 --> 00:02:17,200 Speaker 2: Again fourteen away from sexties Tooks. He'd bet Tim Wilson 49 00:02:17,240 --> 00:02:21,480 Speaker 2: and Craig Rennie on the huddle. This is what's his name? Stapleton? 50 00:02:21,680 --> 00:02:25,720 Speaker 2: Chris Stapleton, who Tim you said played at Eden Park? 51 00:02:25,760 --> 00:02:27,160 Speaker 2: Apparently he was at Spark. 52 00:02:27,280 --> 00:02:29,920 Speaker 3: I even said that explicitly. I just said ticket prices 53 00:02:29,919 --> 00:02:30,280 Speaker 3: were high. 54 00:02:30,760 --> 00:02:32,760 Speaker 4: You think I could run for Do you think I 55 00:02:32,800 --> 00:02:33,560 Speaker 4: could run for something? 56 00:02:33,600 --> 00:02:33,760 Speaker 3: Here? 57 00:02:33,840 --> 00:02:38,200 Speaker 2: Donald Trump, you could run for anything. Someone also says 58 00:02:38,360 --> 00:02:41,040 Speaker 2: Bollocks telled him it's two hundred and fifty five for 59 00:02:41,120 --> 00:02:44,400 Speaker 2: Chris Stapleton. I was standing. But that doesn't mean that 60 00:02:44,520 --> 00:02:47,720 Speaker 2: also doesn't mean that you're wrong, because there could have 61 00:02:47,760 --> 00:02:49,840 Speaker 2: been different prices, you know what I mean, depending on 62 00:02:49,840 --> 00:02:50,520 Speaker 2: when you bought them. 63 00:02:51,120 --> 00:02:56,359 Speaker 4: So just now keep telling me off Ryan it was 64 00:02:56,400 --> 00:02:58,799 Speaker 4: two fifty. It was two fifty for Luke Comb standing 65 00:02:58,840 --> 00:02:59,920 Speaker 4: up at Eden Park. 66 00:03:00,400 --> 00:03:04,359 Speaker 2: Yeah, that was was a good gig though. Hey, hey, 67 00:03:04,360 --> 00:03:06,160 Speaker 2: I've had a couple of texts just in the last 68 00:03:06,520 --> 00:03:10,280 Speaker 2: minute saying for actually like a lot, saying you didn't 69 00:03:10,280 --> 00:03:12,240 Speaker 2: ask about the roof on the stadium. So just to 70 00:03:12,280 --> 00:03:16,480 Speaker 2: clarify the roof, So stage one is your seating for 71 00:03:16,680 --> 00:03:20,040 Speaker 2: Eden Park, Stage two is your accommodation. Stage three is 72 00:03:20,080 --> 00:03:22,440 Speaker 2: your roof. So you've got to get the PPP to 73 00:03:22,480 --> 00:03:26,480 Speaker 2: get your roof. That's the deal now, Tamitha, Paul Craig, 74 00:03:27,680 --> 00:03:30,480 Speaker 2: what's your feeling. I mean, obviously Hepkins feels like this 75 00:03:30,639 --> 00:03:34,480 Speaker 2: is just toxic, so he's running a country mile from 76 00:03:34,480 --> 00:03:37,480 Speaker 2: her putting the boot in. What's your feeling about how 77 00:03:37,520 --> 00:03:40,160 Speaker 2: it might affect the vote on the left. 78 00:03:41,480 --> 00:03:43,440 Speaker 5: I don't think it's going to affect the Green vault 79 00:03:43,560 --> 00:03:46,640 Speaker 5: anytime soon. I mean, it's clearly bringing some really unfortunate 80 00:03:46,680 --> 00:03:49,520 Speaker 5: news and publicity for the Green Party, but I don't 81 00:03:49,520 --> 00:03:51,480 Speaker 5: think in the long run it's going to make any 82 00:03:51,720 --> 00:03:55,120 Speaker 5: real meaningful difference to the Green Party voard. And I 83 00:03:55,160 --> 00:03:59,480 Speaker 5: don't think anyone, including Tamitha, is really suggesting that we're 84 00:03:59,520 --> 00:04:03,920 Speaker 5: really going to defunding the police. This is being used 85 00:04:03,920 --> 00:04:06,840 Speaker 5: by the government essentially to help, you know, look away 86 00:04:06,840 --> 00:04:08,560 Speaker 5: from a lot of the challenges that they have in 87 00:04:08,560 --> 00:04:10,440 Speaker 5: this space, because they like to talk a great game 88 00:04:10,480 --> 00:04:13,240 Speaker 5: about law and order. You know, they've promised five hundred 89 00:04:13,240 --> 00:04:16,800 Speaker 5: more police at the election and we're currently manus seventy 90 00:04:16,839 --> 00:04:19,840 Speaker 5: one on that scale. So they've got a really, really 91 00:04:19,839 --> 00:04:22,560 Speaker 5: difficult set of challenges in that space, and this has 92 00:04:22,600 --> 00:04:24,880 Speaker 5: just been seized by them as just a as a 93 00:04:24,920 --> 00:04:27,880 Speaker 5: means of distracting attention from a whole bunch of statistics 94 00:04:27,880 --> 00:04:29,920 Speaker 5: that they don't really want to talk about in crime right. 95 00:04:29,839 --> 00:04:33,800 Speaker 2: Now, Tim, then how do you explain Chris Hipkins' response? 96 00:04:33,880 --> 00:04:35,960 Speaker 2: I mean, is he trying to distract from something too? 97 00:04:37,600 --> 00:04:40,920 Speaker 3: Yeah, Look, I think I think it shows the sort 98 00:04:40,960 --> 00:04:44,640 Speaker 3: of labor issue, which is how do you be a 99 00:04:44,640 --> 00:04:47,320 Speaker 3: centrist party? So yeah, I think Craig is absolutely right 100 00:04:47,360 --> 00:04:51,840 Speaker 3: about the Greens, particularly the non mainstream aspect. And if 101 00:04:51,880 --> 00:04:53,880 Speaker 3: you think about you go back to what was it 102 00:04:53,960 --> 00:04:56,680 Speaker 3: late last year in Pea Green and Peak kaharrang Ikata 103 00:04:56,880 --> 00:04:59,560 Speaker 3: was saying in the house that most people would feel 104 00:04:59,560 --> 00:05:02,520 Speaker 3: more comfor the ball alone with the patch gang member 105 00:05:02,680 --> 00:05:04,920 Speaker 3: then police. So I think ten of the Paul's comments 106 00:05:05,000 --> 00:05:08,560 Speaker 3: on that spectrum they're actually pretty benign. I think it 107 00:05:08,600 --> 00:05:12,719 Speaker 3: does highlight though, an issue where Okay, so Chris Hopkins 108 00:05:12,800 --> 00:05:17,000 Speaker 3: is now sort of on song with the government since 109 00:05:17,040 --> 00:05:19,880 Speaker 3: and it might present some issues when Craig apparently is 110 00:05:19,920 --> 00:05:23,680 Speaker 3: going to run for the Wellington Central seat as predicted 111 00:05:23,720 --> 00:05:27,880 Speaker 3: by Audrey Young, Could you clarify that, Craig, I. 112 00:05:27,800 --> 00:05:31,560 Speaker 5: Can clarify Audrey is entitled to her opinion in that space. 113 00:05:32,960 --> 00:05:36,760 Speaker 4: But I'm here, is this an announcement? 114 00:05:37,440 --> 00:05:40,640 Speaker 5: It is definitely not an announcement. What I would say 115 00:05:40,680 --> 00:05:43,160 Speaker 5: is that you know, of course, the of course Chris 116 00:05:43,200 --> 00:05:45,760 Speaker 5: Hoppins is going to support the police and their space, 117 00:05:45,800 --> 00:05:48,560 Speaker 5: and I think that Labor Party's ever not supported the 118 00:05:48,600 --> 00:05:50,640 Speaker 5: police in the space and you know, and there were 119 00:05:50,680 --> 00:05:53,800 Speaker 5: regular increases to police funding and regular support for the 120 00:05:53,800 --> 00:05:56,160 Speaker 5: police are in the last government. So I don't think, 121 00:05:56,320 --> 00:05:58,200 Speaker 5: you know, Chris is seeing anything other than he would 122 00:05:58,200 --> 00:05:59,760 Speaker 5: have said if he was Prime Minister or if he 123 00:05:59,800 --> 00:06:03,159 Speaker 5: was anywhere else. All Right, it's a really unfortunate statement. 124 00:06:03,400 --> 00:06:06,120 Speaker 5: It's just being dragged and used for a different purpose. 125 00:06:06,279 --> 00:06:08,320 Speaker 2: Now, Craig, we were going to get to this, but 126 00:06:08,640 --> 00:06:11,039 Speaker 2: seen as you didn't quite answer the question would you 127 00:06:11,120 --> 00:06:13,560 Speaker 2: rule out running for Wellington Central? I mean, there's this 128 00:06:13,720 --> 00:06:16,279 Speaker 2: total bogus. 129 00:06:16,480 --> 00:06:18,719 Speaker 5: I'm not ruling running out for anywhere, are ruling in 130 00:06:18,800 --> 00:06:21,880 Speaker 5: running from anywhere? There's there's what there's eighteen months to 131 00:06:21,960 --> 00:06:25,679 Speaker 5: an election. It's not long now, it's it's five hundred 132 00:06:25,720 --> 00:06:27,960 Speaker 5: and eighty one days from memory. 133 00:06:28,520 --> 00:06:34,239 Speaker 3: And if you know it that accurately, you are differently 134 00:06:34,320 --> 00:06:35,279 Speaker 3: running are counting. 135 00:06:35,800 --> 00:06:38,040 Speaker 5: I know it that accurately because we have to spend 136 00:06:38,160 --> 00:06:41,320 Speaker 5: every day campaigning between now and then in order to 137 00:06:41,360 --> 00:06:43,080 Speaker 5: meet show people know what this governments do it. 138 00:06:43,320 --> 00:06:46,640 Speaker 2: Come on, all right, let's move on. Judith Collins, she 139 00:06:47,080 --> 00:06:49,159 Speaker 2: actually this will be up. You're really too Craig, but 140 00:06:49,560 --> 00:06:52,320 Speaker 2: term Judith Collins was on the show tonight saying the 141 00:06:52,360 --> 00:06:56,320 Speaker 2: consultant spend is coming right down, but she's saying brace 142 00:06:56,440 --> 00:06:59,000 Speaker 2: for impact because we're going to do something about the 143 00:06:59,200 --> 00:07:03,000 Speaker 2: number ofblic servants that they're not the teachers and doctors, 144 00:07:03,040 --> 00:07:04,400 Speaker 2: but bureaucracy as well. 145 00:07:05,760 --> 00:07:06,039 Speaker 4: Yeah. 146 00:07:06,160 --> 00:07:09,200 Speaker 3: Yeah, And look because at the moment it's been a 147 00:07:09,320 --> 00:07:11,880 Speaker 3: wound back to the levels that were six months before 148 00:07:11,920 --> 00:07:15,600 Speaker 3: the last election. So the public service size at the 149 00:07:15,640 --> 00:07:18,840 Speaker 3: moment is about the same time or about the same 150 00:07:18,920 --> 00:07:21,880 Speaker 3: levels as when Jacinda Don was Prime Minister. So there's 151 00:07:21,920 --> 00:07:24,120 Speaker 3: clearly work to be done. Just to note that eight 152 00:07:24,160 --> 00:07:28,720 Speaker 3: hundred pud million dollars that was saved will service a 153 00:07:28,760 --> 00:07:32,680 Speaker 3: month and a week of debt servicing for the government debts. 154 00:07:32,720 --> 00:07:35,160 Speaker 3: So let's let's say that's that's pretty good going. 155 00:07:35,320 --> 00:07:38,720 Speaker 2: God, that's a lot of money, isn't it. And I 156 00:07:38,720 --> 00:07:40,920 Speaker 2: mean it's not just our government to be fair. Governments 157 00:07:40,920 --> 00:07:43,280 Speaker 2: all over the world post COVID are dealing with a 158 00:07:43,400 --> 00:07:45,800 Speaker 2: huge increase in servicing costs because of the money that 159 00:07:45,840 --> 00:07:48,920 Speaker 2: we've borrowed. But that is something to behold. A one 160 00:07:48,960 --> 00:07:51,400 Speaker 2: month and one week will get you the eight hundred 161 00:07:51,440 --> 00:07:54,560 Speaker 2: million dollars. Craig, what do you make of the Judith 162 00:07:54,600 --> 00:07:57,120 Speaker 2: Collins saying she's going to basically do some more cutting. 163 00:07:58,160 --> 00:08:00,560 Speaker 5: Well, it's not surprising because they have and being able 164 00:08:00,600 --> 00:08:03,200 Speaker 5: to make any of their accounts add up. You know, 165 00:08:03,320 --> 00:08:05,800 Speaker 5: during the election campaign we said that they couldn't afford 166 00:08:06,080 --> 00:08:08,040 Speaker 5: the tax promises that they had made at the time, 167 00:08:08,080 --> 00:08:10,560 Speaker 5: and lo and behold, they borrowed more money at the 168 00:08:10,560 --> 00:08:13,080 Speaker 5: budget in order to pay for the taxes that they'd 169 00:08:13,160 --> 00:08:15,800 Speaker 5: promised to deliver. So they're going to keep cutting. The 170 00:08:16,040 --> 00:08:18,360 Speaker 5: budget policy statement from the government said that they were 171 00:08:18,400 --> 00:08:21,240 Speaker 5: going to keep cutting. The key thing for me is 172 00:08:21,360 --> 00:08:23,000 Speaker 5: you say you're going to get rid of eight hundred 173 00:08:23,080 --> 00:08:26,040 Speaker 5: million dollars of consultants. Fine, does that mean that you're 174 00:08:26,040 --> 00:08:28,640 Speaker 5: expecting public servants to do that work or does that 175 00:08:28,680 --> 00:08:31,320 Speaker 5: just mean you're not doing work who's doing the work 176 00:08:31,400 --> 00:08:34,160 Speaker 5: of government? Or are you just trying to do less? 177 00:08:34,600 --> 00:08:36,760 Speaker 5: And we know there are no shortage of problems, So 178 00:08:36,880 --> 00:08:39,280 Speaker 5: the real question is where are the consultants coming from. 179 00:08:39,360 --> 00:08:42,680 Speaker 5: Are they coming from the building of units of housing, 180 00:08:42,760 --> 00:08:45,280 Speaker 5: of infrastructure the kinds of things we want to see, 181 00:08:45,360 --> 00:08:47,480 Speaker 5: or are they coming from somewhere else? And Judith's been 182 00:08:47,520 --> 00:08:50,680 Speaker 5: a bit quiet about actually where those consultants are coming 183 00:08:50,679 --> 00:08:54,160 Speaker 5: from and importantly what those savings are being used for, 184 00:08:54,559 --> 00:08:57,080 Speaker 5: because right now they're being used to deliver the tax 185 00:08:57,120 --> 00:08:59,800 Speaker 5: cuts that were delivered at the last budget. They're going 186 00:08:59,840 --> 00:09:01,480 Speaker 5: to have to keep cutting in the next budget if 187 00:09:01,480 --> 00:09:04,080 Speaker 5: they want to deliver more tax cuts, as their look 188 00:09:04,160 --> 00:09:07,559 Speaker 5: they seem to want to do on May twenty second. 189 00:09:07,640 --> 00:09:10,800 Speaker 2: Craig, it's a well polished it's a well polished pitch 190 00:09:10,880 --> 00:09:14,920 Speaker 2: for the Wellington Central voters. I have to say, well done. 191 00:09:15,160 --> 00:09:17,599 Speaker 3: The question the question with the public services is a 192 00:09:17,600 --> 00:09:20,640 Speaker 3: bigger public service, a better public service, and that's the 193 00:09:20,679 --> 00:09:22,920 Speaker 3: other question that we need to engage with absolutely. 194 00:09:23,400 --> 00:09:25,320 Speaker 2: Tim, thank you very much for coming on. Tim Wilson 195 00:09:25,320 --> 00:09:27,400 Speaker 2: Maxim Institute and to you Craig as well Craig A 196 00:09:27,520 --> 00:09:29,480 Speaker 2: and E chief economists at the councilor Trade Unions and 197 00:09:29,480 --> 00:09:32,160 Speaker 2: of course soon to be laboring peak well labor candidate. 198 00:09:32,520 --> 00:09:33,920 Speaker 2: Let's not give them that yet. 199 00:09:34,000 --> 00:09:36,840 Speaker 6: It's found from Grafton Gully. It's also heavy bit easy 200 00:09:36,920 --> 00:09:39,400 Speaker 6: on the southwest and southbound between Wolvesey and Massi and 201 00:09:39,440 --> 00:09:42,800 Speaker 6: again from but then slower times from Perfanui and northbound 202 00:09:42,840 --> 00:09:45,320 Speaker 6: is heavy massas Coronation and it's easing on the Northern 203 00:09:45,320 --> 00:09:49,040 Speaker 6: Motorway northbound between Spighetty junction and tristram av Andy Harward 204 00:09:49,080 --> 00:09:50,479 Speaker 6: for times have a traffack. 205 00:09:50,559 --> 00:09:52,839 Speaker 2: If you're driving one of the two hundred thousand light 206 00:09:52,880 --> 00:09:53,720 Speaker 2: commercial views. 207 00:09:54,080 --> 00:09:57,280 Speaker 1: For more from Hither Duplicy Alan Drive, listen live to 208 00:09:57,360 --> 00:10:00,439 Speaker 1: news talks it'd be from four pm weekdays, or follow 209 00:10:00,440 --> 00:10:02,199 Speaker 1: the podcast on iHeartRadio