1 00:00:00,080 --> 00:00:01,480 Speaker 1: Barry soapers here with politics. 2 00:00:01,480 --> 00:00:02,880 Speaker 2: Hey Barry, good afternoon. 3 00:00:03,000 --> 00:00:03,240 Speaker 1: Ryan. 4 00:00:03,320 --> 00:00:06,600 Speaker 2: That question your post about oil and gas. If you 5 00:00:06,640 --> 00:00:09,680 Speaker 2: were a possible and investor in this country, you would 6 00:00:09,680 --> 00:00:12,360 Speaker 2: look at that and go, well, hang on. They haven't 7 00:00:12,400 --> 00:00:14,920 Speaker 2: even given a certainty that if we're going to put 8 00:00:14,960 --> 00:00:17,160 Speaker 2: up money, you know. 9 00:00:17,079 --> 00:00:19,400 Speaker 1: We'll be able to invest because remember the ban happened 10 00:00:19,440 --> 00:00:21,520 Speaker 1: out of the blue. So if you're an investor, you're 11 00:00:21,520 --> 00:00:24,160 Speaker 1: going hang on a minute. They with no warning. The 12 00:00:24,200 --> 00:00:26,920 Speaker 1: next overnight they ban it, and then they tell us 13 00:00:27,080 --> 00:00:28,680 Speaker 1: for a year and a half they're going to undo 14 00:00:28,760 --> 00:00:31,640 Speaker 1: the band. But even then they can't do that. It's 15 00:00:31,680 --> 00:00:32,440 Speaker 1: not a great sign. 16 00:00:32,560 --> 00:00:33,720 Speaker 2: It's not a great look at all. 17 00:00:33,960 --> 00:00:35,880 Speaker 1: Neither's the books better I. 18 00:00:35,800 --> 00:00:39,080 Speaker 2: Know, and it's nothing to laugh about. I mean, it's dreadful. 19 00:00:39,120 --> 00:00:43,519 Speaker 2: There's more figures coming out on Thursday, GDP figures, and 20 00:00:43,560 --> 00:00:47,040 Speaker 2: the view is that we will probably see the third 21 00:00:47,080 --> 00:00:50,400 Speaker 2: technical recession in two years when they come out. So 22 00:00:51,080 --> 00:00:54,760 Speaker 2: we're in a terrible stat as an economy and in fairness, 23 00:00:55,040 --> 00:00:57,320 Speaker 2: I mean, I know they've had a year, but if 24 00:00:57,360 --> 00:01:00,160 Speaker 2: you inherited books as bad as what they did in 25 00:01:00,240 --> 00:01:03,279 Speaker 2: terms of spending and in terms of debt to GDP, 26 00:01:03,800 --> 00:01:06,440 Speaker 2: it's very hard to turn that around overnight. And by 27 00:01:06,560 --> 00:01:10,200 Speaker 2: finding that, I mean when you look at a thirteen 28 00:01:10,400 --> 00:01:13,480 Speaker 2: billion dollar hit to the taxt take over the next 29 00:01:13,520 --> 00:01:18,200 Speaker 2: four years, which is pretty extraordinary. There's a lot of 30 00:01:18,240 --> 00:01:23,520 Speaker 2: pressure on expected on. There'll be more borrowing, which is 31 00:01:23,560 --> 00:01:25,600 Speaker 2: what the government said it would never want to do, 32 00:01:25,680 --> 00:01:28,240 Speaker 2: but there will be to make up for that sort 33 00:01:28,240 --> 00:01:31,240 Speaker 2: of thing. And like you said earlier, I think in 34 00:01:31,280 --> 00:01:34,440 Speaker 2: your intro that debt to GDP is expected to hit 35 00:01:34,480 --> 00:01:39,120 Speaker 2: fifty percent and you imagine what that means in the 36 00:01:39,120 --> 00:01:42,160 Speaker 2: cost of repaying that debt. And we're paying about nine 37 00:01:42,240 --> 00:01:46,000 Speaker 2: billion dollars now a year to repay the debt. That's 38 00:01:46,000 --> 00:01:50,760 Speaker 2: going to go up quite high when borrows or people 39 00:01:50,760 --> 00:01:52,760 Speaker 2: that we borrow off look at New Zealand and say, 40 00:01:52,760 --> 00:01:55,640 Speaker 2: well it's not such a good bet. But despite all 41 00:01:55,680 --> 00:01:58,080 Speaker 2: the doom in gloom, Nicol Willis was putting on a 42 00:01:58,080 --> 00:01:59,880 Speaker 2: brave face in Parliament this afternoon. 43 00:02:00,040 --> 00:02:04,440 Speaker 3: The economy has reached a turning point. Inflation is back 44 00:02:04,560 --> 00:02:07,640 Speaker 3: under control and that matters to every New Zealander who 45 00:02:07,640 --> 00:02:11,080 Speaker 3: has struggled with rising prices over these past three years. 46 00:02:11,240 --> 00:02:14,640 Speaker 3: The Reserve Bank has begun reducing interest rates and that 47 00:02:14,680 --> 00:02:17,720 Speaker 3: matters not just to every family with a mortgage, but 48 00:02:17,880 --> 00:02:19,880 Speaker 3: it matters to the small businesses who are going to 49 00:02:19,880 --> 00:02:22,640 Speaker 3: see more money flowing into their tills too, as those 50 00:02:22,680 --> 00:02:25,520 Speaker 3: families have a bit more to spend. And mister speaker, 51 00:02:25,560 --> 00:02:28,480 Speaker 3: what these books also show is that household spending and 52 00:02:28,600 --> 00:02:31,200 Speaker 3: business activity is expected to lift. 53 00:02:32,520 --> 00:02:37,360 Speaker 1: So she is keeping spending up. Yep, she is borrowing 54 00:02:37,600 --> 00:02:41,920 Speaker 1: much more and she's refusing to cut further into government 55 00:02:42,000 --> 00:02:45,240 Speaker 1: spending than she already has. Is that going to stick? 56 00:02:45,440 --> 00:02:49,240 Speaker 2: Well, it's going to be really hard. You know. When 57 00:02:49,240 --> 00:02:52,040 Speaker 2: it comes to budgets, they always have this money that 58 00:02:52,080 --> 00:02:54,320 Speaker 2: they set aside. She is about two point four billion 59 00:02:54,360 --> 00:02:57,000 Speaker 2: dollars and that sounds a lot of money, but when 60 00:02:57,040 --> 00:02:59,600 Speaker 2: you look at the order of things, it's not a 61 00:02:59,639 --> 00:03:02,960 Speaker 2: lot given what they have been spending on up until now. 62 00:03:03,120 --> 00:03:04,519 Speaker 2: So you know, good luck. 63 00:03:04,880 --> 00:03:06,440 Speaker 1: She's on the show after five. We'll ask you then 64 00:03:06,480 --> 00:03:08,640 Speaker 1: Wellington Council sticking to their core business. 65 00:03:08,680 --> 00:03:11,000 Speaker 2: Oh, I won't spend much time and just on this 66 00:03:11,240 --> 00:03:14,360 Speaker 2: just to say, isn't it ironic? The day after the 67 00:03:14,360 --> 00:03:17,680 Speaker 2: Government says that councils should be sticking to their knitting 68 00:03:17,800 --> 00:03:22,000 Speaker 2: like potholes and cycle are not doing cycle ways and 69 00:03:22,040 --> 00:03:24,840 Speaker 2: looking after their water infrastructure. You've got the Wellington City 70 00:03:24,880 --> 00:03:30,440 Speaker 2: Council finest a final sitting of the year. They debate 71 00:03:30,560 --> 00:03:34,200 Speaker 2: whether to write a submission against the Treaty Principal's Bill. 72 00:03:34,560 --> 00:03:37,080 Speaker 2: They know it's not going to become law. Why are 73 00:03:37,080 --> 00:03:42,960 Speaker 2: they involving ratepayers money, time and effort something. They're just 74 00:03:43,000 --> 00:03:44,680 Speaker 2: bloody stupid. I can't believe it. 75 00:03:44,760 --> 00:03:47,000 Speaker 1: Hey, the fast Tracked law, it's through its final stage 76 00:03:47,000 --> 00:03:47,960 Speaker 1: this afternoon in the House. 77 00:03:48,080 --> 00:03:50,440 Speaker 2: Yeah, and this is you know, this is a big 78 00:03:50,480 --> 00:03:54,360 Speaker 2: deal because there's so much been talked about this. It's 79 00:03:54,440 --> 00:03:58,840 Speaker 2: a driving forces the Minister Chris Bishop who told Parliament 80 00:03:59,120 --> 00:04:05,080 Speaker 2: it'll remove the sticky beaks on councils aforementioned and they 81 00:04:05,320 --> 00:04:08,840 Speaker 2: of course always a prolonged project which means they cost 82 00:04:08,880 --> 00:04:09,440 Speaker 2: a lot more. 83 00:04:09,480 --> 00:04:11,720 Speaker 4: So here he is, we have to stop giving into 84 00:04:11,920 --> 00:04:16,200 Speaker 4: the nimby low growth status quo minority. We deserve a 85 00:04:16,279 --> 00:04:20,280 Speaker 4: country we're thriving infrastructure and world class industry when his 86 00:04:20,360 --> 00:04:23,760 Speaker 4: illinders can live the lives they want to live without 87 00:04:23,800 --> 00:04:26,200 Speaker 4: having to get sign off from the local council for 88 00:04:26,480 --> 00:04:30,599 Speaker 4: every single thing they do. Fast Track is about saying 89 00:04:30,760 --> 00:04:31,839 Speaker 4: yes when. 90 00:04:31,680 --> 00:04:34,919 Speaker 2: For too long we have said no, and that is true. 91 00:04:34,960 --> 00:04:38,240 Speaker 2: I mean you look at the Rama, the handiwork of 92 00:04:38,360 --> 00:04:42,160 Speaker 2: our old law professor, Sir Jeffrey Palmer. I mean, honestly, 93 00:04:42,240 --> 00:04:46,599 Speaker 2: should never let a law expert before into a parliament 94 00:04:46,720 --> 00:04:48,280 Speaker 2: and make laws like the Rama. 95 00:04:48,560 --> 00:04:50,919 Speaker 1: And yet he's right. Look at the growth track that 96 00:04:50,960 --> 00:04:52,599 Speaker 1: we're on for the next couple of years and I 97 00:04:52,640 --> 00:04:55,839 Speaker 1: mean per capita we're still we're going backwards again next year. 98 00:04:55,960 --> 00:04:56,760 Speaker 1: So we're going to do something. 99 00:04:56,920 --> 00:04:57,680 Speaker 2: It's a real worry. 100 00:04:57,960 --> 00:05:00,280 Speaker 1: The outcome of the investigation into the money they were 101 00:05:00,320 --> 00:05:02,760 Speaker 1: and I and rigging won't be known until next year. 102 00:05:02,800 --> 00:05:02,880 Speaker 4: Now. 103 00:05:03,000 --> 00:05:05,839 Speaker 2: Yeah, that's a real problem because of course the Malti 104 00:05:05,880 --> 00:05:08,400 Speaker 2: Party are and the thick of this, and the police 105 00:05:08,400 --> 00:05:11,120 Speaker 2: are looking at it, the Privacy commissioners looking at it, 106 00:05:11,360 --> 00:05:13,520 Speaker 2: a whole lot of government departments are looking at it. 107 00:05:13,600 --> 00:05:16,960 Speaker 2: This is where census information was used by the Mudai 108 00:05:17,480 --> 00:05:20,760 Speaker 2: that the chief executive was also a candidate for the 109 00:05:20,800 --> 00:05:23,680 Speaker 2: Maldi party. The Moldi party has been accused of exploiting 110 00:05:24,279 --> 00:05:28,839 Speaker 2: what should have been confidential data handed over in the census, 111 00:05:29,240 --> 00:05:32,960 Speaker 2: but in Parliament this afternoon their co leader Rivalry waited Tea, 112 00:05:33,080 --> 00:05:35,640 Speaker 2: were showing no signs of the pressure, accusing the Prime 113 00:05:35,680 --> 00:05:38,120 Speaker 2: Minister of forgetting those at the bottom of the heap. 114 00:05:38,360 --> 00:05:40,680 Speaker 5: Seventeen thousand children are going to be taken out of 115 00:05:40,760 --> 00:05:43,320 Speaker 5: poverty compared to the last year of the labor governments, 116 00:05:43,320 --> 00:05:46,000 Speaker 5: where twenty three thousand more children were put in poverty. 117 00:05:46,279 --> 00:05:48,240 Speaker 6: What does he say to you? Logan a seven year 118 00:05:48,279 --> 00:05:51,200 Speaker 6: old to Mati who wrote to Tanta asking for burger 119 00:05:51,600 --> 00:05:53,840 Speaker 6: to share with his mum for Christmas. 120 00:05:53,960 --> 00:05:56,599 Speaker 5: What I acknowledge that across his ellan, It's a pretty 121 00:05:56,600 --> 00:05:59,680 Speaker 5: tough time. That's what happens when you don't run an economy. 122 00:05:59,720 --> 00:06:03,359 Speaker 6: Well, if I sold three houses and earn seven hundred 123 00:06:03,360 --> 00:06:06,360 Speaker 6: and sixty nine five hundred and non text capital games, 124 00:06:06,640 --> 00:06:08,000 Speaker 6: how many burgers would I buy? 125 00:06:08,120 --> 00:06:08,520 Speaker 2: The logan? 126 00:06:09,520 --> 00:06:12,480 Speaker 6: Honestly, the Prime Minister cannot be expected to know the 127 00:06:12,960 --> 00:06:15,880 Speaker 6: fluctuating price of burgers. Skinning whel of the world, let 128 00:06:15,920 --> 00:06:18,240 Speaker 6: alone New Zealand. The questions out of order. That sort 129 00:06:18,240 --> 00:06:21,479 Speaker 6: of question is outraged and extreme, as hypothetical, extreme and 130 00:06:21,560 --> 00:06:25,000 Speaker 6: would not be accepting any first world parliament, let alone 131 00:06:25,000 --> 00:06:27,520 Speaker 6: this one here has been going since a fifty four. 132 00:06:27,800 --> 00:06:30,600 Speaker 6: Has he read the book by Mary McHugh How Not 133 00:06:30,680 --> 00:06:32,799 Speaker 6: to Become a crotchigy old man. 134 00:06:33,680 --> 00:06:35,680 Speaker 2: I think he should do a bit of reading himself 135 00:06:35,720 --> 00:06:37,480 Speaker 2: before he gets up in parliament mass. 136 00:06:37,360 --> 00:06:41,360 Speaker 1: Questions and that's me very sober politics. What a mess. 137 00:06:41,880 --> 00:06:43,720 Speaker 1: Jerry would know the price of the burger? Would he? 138 00:06:45,520 --> 00:06:46,360 Speaker 2: Don't be unkind? 139 00:06:47,800 --> 00:06:50,960 Speaker 6: For more from Hither Duplessy Allen Drive, Listen live to 140 00:06:51,080 --> 00:06:54,080 Speaker 6: news Talks it'd be from four pm weekdays, or follow 141 00:06:54,120 --> 00:06:55,880 Speaker 6: the podcast on iHeartRadio.