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Speaker 1: Digging through the spin spins to find the real story.

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Speaker 1: Or it's Ryan Bridge on heather duperic Ellen Drive with

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Speaker 1: one New Zealand. Let's get connected and news talks'd be good.

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Speaker 2: Afternoon, seven after four coming up today, caring a Auder chair,

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Speaker 2: Simon Muta, why do they own two hundred homes worth

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Speaker 2: two million dollars plus? A tax expert on cutting the

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Speaker 2: corporate rate from twenty eight percent? Wellington City r VSA out.

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Speaker 2: I'll tell you about those Murrayol's in Australia and we're

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Speaker 2: in London for the Reform Party revolution. Ryan Bridge Finally

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Speaker 2: sounds like Caynga Order might be heading in a better direction,

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Speaker 2: not necessarily the right one, but at least a better one.

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Speaker 2: Today Chris Bishop Ko's Bob the Builder is telling them

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Speaker 2: to sell a bunch of old, drafty, damp houses and

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Speaker 2: build some new ones. Good about time. The other direction

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Speaker 2: fixed the terrible state of the stuff that we've got

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Speaker 2: for a long time. Our the government was the worst

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Speaker 2: landlord in the country still is. The turnaround plan for

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Speaker 2: KO includes focusing on its core business wait for it,

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Speaker 2: building and maintaining state houses.

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Speaker 3: Wow.

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Speaker 2: The fact they even need to be told in no

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Speaker 2: uncertain terms and in very basic language just what their

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Speaker 2: job is. Tells us two things. One, these guys were

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Speaker 2: out of control under labor money was free flowing, debt

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Speaker 2: was sowing tendencies worth for life. Didn't matter whether you'd

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Speaker 2: killed your neighbors, care or threatened people on the street,

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Speaker 2: the house was yours. And number two mission creep is

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Speaker 2: a real problem for government departments. Take police, for example.

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Speaker 2: By the time the last lot left office, they were

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Speaker 2: doing half of their callouts on mental health issues rather

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Speaker 2: than crime. We have to learn as a country that

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Speaker 2: not everybody can or should do everything. We need to

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Speaker 2: keep it simple, focus on the simple and most important

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Speaker 2: task in front of us. For Ko, that is building

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Speaker 2: and fixing houses. For the cops, it's solvent crime. Everything

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Speaker 2: else is avery, fairy bullshit. Frankly, that seems, if you

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Speaker 2: look at the state of the books and the record

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Speaker 2: of delivery, to be a disease that's been caught by

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Speaker 2: many a civil servant in Wellington and Bob the Builder

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Speaker 2: was right today when answering the inevitable questions about selling

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Speaker 2: off state houses, even though he had already explained that

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Speaker 2: there would be new ones built that KAO should be

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Speaker 2: an agency at its essence that Kiwis are proud of

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Speaker 2: well run, financially responsible, good tenants, good neighbors, people who

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Speaker 2: appreciate the fortunate position of being given a state house

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Speaker 2: to live in, and a country and a community happy

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Speaker 2: to help them through a difficult time. Simple goal now

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Speaker 2: to deliver cry and bridge nine minutes after four nine

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Speaker 2: ninety two the number to text would love to hear

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Speaker 2: from you, farming groups and taxpayers the Taxpayers Union crying

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Speaker 2: fell this afternoon after the government last week signed the

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Speaker 2: country up to new ambitious climate targets. So here's the

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Speaker 2: targets to reduce greenhouse gas emissions by fifty one to

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Speaker 2: fifty five percent below two thousand and five levels by

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Speaker 2: twenty thirty five.

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Speaker 4: Now.

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Speaker 2: Climate experts say that this target is actually more ambitious

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Speaker 2: than the previous governments, but to meet it they are

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Speaker 2: likely to either need to plant lots more trees or

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Speaker 2: to pay as much as twenty four billion dollars to

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Speaker 2: offset our emissions.

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Speaker 4: Now.

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Speaker 2: The ACT Party leader David Seymour has suggested that we

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Speaker 2: should actually just pull out and rip up the climate.

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Speaker 2: A Paris climate called altogether Simon Watts is the climate

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Speaker 2: change minister, and he's with me this afternoon. Minister, Hello, hi, right,

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Speaker 2: thanks for having me. Why have you signed us up

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Speaker 2: for targets that are even more ambitious than the last governments.

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Speaker 5: Look, it's important that New Zealand is paying its past

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Speaker 5: in the context of these agreements. This is an international

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Speaker 5: agreement with set a target which we believe is aligned

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Speaker 5: with allowing us to do and achieve our economic growth ambitions,

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Speaker 5: but also balancing that with our national interests. Was set

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Speaker 5: a target of fifty one by twenty thirty five and

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Speaker 5: the current target is fifty by twenty thirty So that's

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Speaker 5: what we've done, but.

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Speaker 2: It's I mean, it's still more than the last lot,

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Speaker 2: which I don't think is quite what fed farmers thought

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Speaker 2: they were voting for.

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Speaker 5: Well, the criteria when we set these targets, when countries

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Speaker 5: look to set these targets, is it needs to be

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Speaker 5: higher than the existing target, and so we've met that

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Speaker 5: commitment in terms of the target, but importantly we've actually

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Speaker 5: aligned it with our domestic targets. We released a plan

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Speaker 5: late last year which provides a pathway for us to

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Speaker 5: meet those targets, and now our international target is aligned

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Speaker 5: with our domestic targets, and that's the first time that

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Speaker 5: that's been the case.

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Speaker 2: To meet it, we're basically going to have to plant

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Speaker 2: a whole bunch of trees, or we're going to have

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Speaker 2: to pay a whole bunch of money. Is the money

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Speaker 2: or the trees? No, it's not.

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Speaker 5: Our plans that we released last year provide a pathway

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Speaker 5: for us to meet the twenty thirty five target. That's

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Speaker 5: from a variety of means, including agricultural emissions reduction, through

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Speaker 5: some of the innovation that's currently underway, and in.

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Speaker 2: The planning which we don't which we don't have certainty

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Speaker 2: about it right now, right, So let's put that to

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Speaker 2: one side for a second. So what about the trees.

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Speaker 2: How many trees do we need to plant?

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Speaker 5: Well, there is going to be a component of forestry

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Speaker 5: that will be part of the mixed It's.

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Speaker 2: Not a bed farmer said you would have to plant

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Speaker 2: seventy five percent of Taranaki with trees in order to

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Speaker 2: meet your targets.

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Speaker 5: Yeah, that's that's simply not the reality. The numbers in

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Speaker 5: terms of the forestry acreage is part of our plans

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Speaker 5: that we released late late last year, and it comes

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Speaker 5: from a range of sectors. The fact and the narrative

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Speaker 5: of you know, going to have to plant you know,

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Speaker 5: that degree of trees across New Zealanders and somethingly not the.

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Speaker 2: Real So how much is it then? How much do

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Speaker 2: we have to plant?

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Speaker 5: Well, it's going to be a reasonable amount of forestry,

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Speaker 5: but again, what's rexample our plans in terms of the

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Speaker 5: overarching hectares and stuff. I haven't got that in front

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Speaker 5: of me right now.

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Speaker 2: So it's possible. It's possible. It could be seventy five

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Speaker 2: percent of the size of Tartanaki. You're just not sure

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Speaker 2: right now.

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Speaker 5: It's not it is not a material increase in the

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Speaker 5: context of the forestry that we already had underwear.

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Speaker 2: What about the twenty four billion dollars that we're on

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Speaker 2: the hook for if we don't meet the targets, Well.

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Speaker 5: Again, that is not correct. There's no no design doesn't

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Speaker 5: get an invoice from someone in twenty thirty for paying.

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Speaker 2: The amount of money the way, but we have to

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Speaker 2: buy the credits right Well.

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Speaker 5: The way these international commitments work is that, you know,

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Speaker 5: we need to do our absolute you know, everything that

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Speaker 5: we can do in order to meet the targets, and

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Speaker 5: we're focused on domestic action to do that.

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Speaker 2: Yeah, but if we don't meet the targets I'm talking about.

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Speaker 2: If we don't meet the targets, do we have to

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Speaker 2: go out and spend twenty four billion dollars buying up credits?

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Speaker 5: No, we don't, and the government has been clear that

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Speaker 5: we don't want to be sending billions of dollars overseas

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Speaker 5: and we have no current.

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Speaker 2: So what are we do if we don't meet the targets?

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Speaker 2: What do we and we're not going to buy any credits?

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Speaker 2: What do we do?

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Speaker 5: Well, what reality is is that we've still got time

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Speaker 5: between now and twenty thirty we're working through our plans,

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Speaker 5: but the targets that I released last year relates to

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Speaker 5: twenty thirty five, and that's the targets that this givement.

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Speaker 2: So there's no plan B. We sign this agreement and

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Speaker 2: you're hell bent on sticking to it. It seems if

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Speaker 2: we don't meet the Targets' one, you don't know how

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Speaker 2: many trees will have to plant to get there. But two,

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Speaker 2: if we don't meet the targets, we're not going to

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Speaker 2: be buying any carbon credits to make up the difference.

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Speaker 2: So what we'll be in breach of the agreement.

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Speaker 5: You're talking about two different years. We're talking about the

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Speaker 5: twenty thirty five target that this government is set. We've

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Speaker 5: released an mission's reduction plan that shows a pathway.

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Speaker 6: Of how we're going to meet that.

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Speaker 5: The target as twenty thirty that was entered into by

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Speaker 5: the prior government is significantly challenging and we're currently looking

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Speaker 5: at all options around that and we're focused on domestic action.

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Speaker 5: But in regard to twenty thirty five target, which is

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Speaker 5: a target that we have set as a government, that

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Speaker 5: is the one that we have a pathway to achieve

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Speaker 5: through the misstroduction plans that we published late last year.

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Speaker 2: Right, and if we don't meet the twenty thirty five

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Speaker 2: what do we do?

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Speaker 6: Well, we will do absolutely everything we can to meet that.

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Speaker 2: But I know, I mean, this is what bid farmers

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Speaker 2: are saying. Bed Farmers and the text pasing you come

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Speaker 2: out and said, well, I mean, we're not going to

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Speaker 2: meet it unless we planned a whole bunch of trees.

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Speaker 2: And if we don't plant a whole bunch of trees,

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Speaker 2: then we'll have to pay something.

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Speaker 5: The plans that we released last year show the initiatives

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Speaker 5: that we have currently got in flight today, get us

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Speaker 5: pretty much there in the context of the twenty thirty

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Speaker 5: five target. Yes, we're going to need to do a

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Speaker 5: few other things, but there is a lot of consideration

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Speaker 5: around how much we're going to get out of the

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Speaker 5: meat Saint innovation. As you said, you know, a lot

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Speaker 5: of that is still work in progress. But there's also

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Speaker 5: other aspects around, you know, what industry does on PARA

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Speaker 5: are already announcing some pretty significant plans around decarbonization in

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Speaker 5: the last few weeks. The doubling of the renewables is

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Speaker 5: all going to play its part. How quickly people continue

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Speaker 5: to up take ev vehicles will play into the mix.

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Speaker 6: You know, this is thy thirty five tomorrow.

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Speaker 2: Well, we'll live in hope. Do you have a problem

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Speaker 2: with fed farmers? Apparently you haven't met them since November.

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Speaker 2: They've been dying to meet with you about this, But

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Speaker 2: you've met with Greenpeace, the World Wildlife Fund, the Alter Circle,

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Speaker 2: whatever that is.

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Speaker 6: No, I don't.

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Speaker 5: I grew up on a farm, Ryan, so I don't

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Speaker 5: even knew problem with the fed farmers.

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Speaker 4: Quite the off one.

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Speaker 5: You meet them, my office talk with them regularly.

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Speaker 2: But why haven't you talked with them?

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Speaker 5: Well, My understanding is I will be doing so in

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Speaker 5: the next few weeks.

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Speaker 2: So you run your you run your agenda. Why haven't

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Speaker 2: you met with them?

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Speaker 5: I meet a number of representatives from fed Farmers in

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Speaker 5: a number of engagements.

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Speaker 2: That sounds vague, and you're saying when, no, it's not.

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Speaker 2: They've asked to meet with you about this issue before

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Speaker 2: it came out since November, you haven't met with them.

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Speaker 2: That seems a bit of a snub.

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Speaker 7: No, it's not a snub, not at all.

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Speaker 5: No, we engage regularly with bed farmers and I look

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Speaker 5: forward to catching up with them in due course.

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Speaker 2: Simon Wat's Climate minister, thank you very much for your time.

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Speaker 2: Great to have you on the show. It is seventeen

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Speaker 2: after four News Talk ZIBB.

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Speaker 1: It's the Heather Duper See allan Drive full show podcast

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Speaker 1: on iHeartRadio powered by News Talks EBB.

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Speaker 2: Nineteen after four News Talks zib Arrogant ignorance grew up

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Speaker 2: on a farm. Big whoop, says Jenny. This in response

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Speaker 2: to the climate change minister who's just on the program

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Speaker 2: moments ago, Simon Watts. Ryan, So we meet the target.

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Speaker 2: Clappity clap clap clap stuff. The country and the climate

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Speaker 2: has no different. Waste of bloody times, says Penny, and

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Speaker 2: other just says climate grifters. Interestingly, the Taxpayers Union says

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Speaker 2: that the Climate Change Minister hasn't met with Federated Farmers,

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Speaker 2: not since November of last year, but since November of

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Speaker 2: twenty twenty three.

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Speaker 8: Brian Bridge.

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Speaker 2: Darcy's here, Hey, Darcy, it's reassuring. I know, right, hey,

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Speaker 2: super Rugby is the Player of the Year award going

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Speaker 2: to save rugby union.

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Speaker 9: I think the first thing I need to do is

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Speaker 9: come up with a name. They're basing this on Deli

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Speaker 9: m one of the legendary awards in Australian rugby league

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Speaker 9: and Deli Messenger is one of the superstars, right, so

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Speaker 9: find the name.

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Speaker 10: Don't just call it player of the Year.

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Speaker 9: I mean, really, you want to engage, you want to

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Speaker 9: make people excited.

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Speaker 10: Give it a name. I'm not saying John like a

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Speaker 10: proper name. I can't work out what's it. I immediately

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Speaker 10: to something yeah like that.

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Speaker 9: But then, as rightly pointed out by Clay Wilson, director

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Speaker 9: of Sport at ZB, goes, well, it's kind of a

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Speaker 9: trans tasm competition.

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Speaker 10: Darcy can't name it after a New Zealander.

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Speaker 2: True.

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Speaker 9: Ah, and there's the Fijians and there's more on a

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Speaker 9: pussy figure.

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Speaker 2: But what is the point it says it's going to

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Speaker 2: drive fan engagement? Is that really going to happen?

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Speaker 9: I mean it's a nice catchphrase, isn't it. Look the

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Speaker 9: whole idea? Is it something that you keep abreast with

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Speaker 9: on social media? So at the end of each game,

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Speaker 9: the opposition captain and coach they nominate their three best

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Speaker 9: players on the opposition side given three two one points respectively,

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Speaker 9: that totals up. So through the year you can see

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Speaker 9: your favorite players. How well are they going.

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Speaker 10: This stop laughing.

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Speaker 2: At this was explained to me earlier. It's like man

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Speaker 2: of the match for something when you're a kid when

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Speaker 2: you're playing rugby. But they're doing it on Twitter.

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Speaker 10: Yeah, I'm not entirely sure. If you get a fast

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Speaker 10: food voucher, I don't know if.

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Speaker 9: Oh prestige they'll have a big end of yet, Like

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Speaker 9: I know that most professional sports people they played to

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Speaker 9: win major tournaments.

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Speaker 10: They don't really care about gongs. No, you know, I

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Speaker 10: want to medal. I want to compete at the hire sleeve.

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Speaker 10: And it's very lovely.

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Speaker 9: End of the end, we'll get to dress up and

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Speaker 9: here you go, here you.

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Speaker 10: Go, here's your here's a certificate. Yeah, trying something.

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Speaker 9: What gets me that I was being told by Super

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Speaker 9: Rugby Pacific that there was a new competition coming up.

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Speaker 9: It's a Fantasy Beast competition, which are very big all

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Speaker 9: over the world, and I like, Hey, we're starting soon.

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Speaker 10: Where's the competition.

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Speaker 9: We're right in the shadow of the start of the tournament,

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Speaker 9: and where's the competition.

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Speaker 2: Hey. Men's and women's basketball teams will play their Ossie equivalents. Listen,

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Speaker 2: a three game series in May.

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Speaker 9: That's on the seventh and the ninth, and the eleventh.

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Speaker 9: Adelaide and Sunshine Coast got the first two games and

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Speaker 9: then Hamilton has got the third or the fifth and

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Speaker 9: the sixth game. So they're double headers, both the Opals

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Speaker 9: and the Boomers taking on the Tall Ferns and the

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Speaker 9: Tall Blacks. And then they do it across three events.

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Speaker 9: And the thing about this is they're trying to obviously

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Speaker 9: promote basketball. It's outside of a feeble window, so it

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Speaker 9: doesn't mean points when it comes to internationals. What they're

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Speaker 9: doing is they're trying to re encourage this trans Tasmin

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Speaker 9: competition because basketball's on the up and up, and they

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Speaker 9: want to reach out and say you can what they say.

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Speaker 9: If you can't see them, you don't want to be them.

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Speaker 9: They want their stars playing in their backyard. But I

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Speaker 9: try thing is fantastic. Giving it a name, I'm really

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Speaker 9: going to go with that really.

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Speaker 10: Matters at the moment.

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Speaker 2: They everything, Darcy, No, no, we can't. Hey, I went

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Speaker 2: and bought a basketball on the weekend. Haven't you haven't

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Speaker 2: haven't touched a basketball since I was probably at high school.

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Speaker 9: Well, you're quite tall, so normally you would get that,

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Speaker 9: wouldn't you. Are they not that, or you'd be a

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Speaker 9: you wouldn't be a senter, you'd be a point guard.

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Speaker 2: Something got ap. But there's a hoop around near my house.

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Speaker 2: It's on the back of a school, so I go

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Speaker 2: and use it in the evening. It's great fun, fantastic,

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Speaker 2: a little bit of exercise, not too much. Yeah, you know,

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Speaker 2: a bit of concentration.

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Speaker 10: A bit of joy when you get the when the ball.

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Speaker 2: Because all the kids rip the nessing off, of course,

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Speaker 2: so they all.

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Speaker 10: Need to put a chain one up there.

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Speaker 2: Yeah, there's no.

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Speaker 10: No a chain rattle all than anything.

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Speaker 9: And Dylan Boucher is going to be on the program

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Speaker 9: today talking about the basketball brilliant and all things going

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Speaker 9: well and go. Richie mccare joins us talk about the

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Speaker 9: return of God's own Adventurice.

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Speaker 2: Fantastic, look forward to seeing soon. Darcy was sport twenty

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Speaker 2: four after four News Talks ad.

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Speaker 1: B getting the facts, discarding with fluff. It's Ryan Bridge on,

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Speaker 1: hither this allan drive with one New Zealand.

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Speaker 8: Let's get connected.

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Speaker 2: News dogs they'd be four twenty seven. Hi, Ryan, This

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Speaker 2: in response to the Simon Wattson interview, A very good interview.

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Speaker 2: I'm on the middle conservative side of politics. The chap

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Speaker 2: from the NATS hasn't got a clue. The Nets are

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Speaker 2: very disappointing for many of their voters. New Zealand should

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Speaker 2: get out of the climate agreements. The faster the better.

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Speaker 2: It's unbelievable how wishy, washy and irresponsible they have become.

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Speaker 2: Good for digging regards Alex I was thinking about the

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Speaker 2: Paris Climate because obviously David Seymour is making murmurings about

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Speaker 2: us pulling out of it. What would happen if we

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Speaker 2: pulled out of the Paris Climate Court? Would we all

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Speaker 2: drop dead, you know, and I mean obviously not. But

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Speaker 2: what would happen? What would it mean for our international obligations?

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Speaker 2: What would it mean for our carbon credits? What would

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Speaker 2: it mean for a whole bunch of stuff? Because when

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Speaker 2: you look around the world, I mean, just in the

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Speaker 2: last couple of hours in the US, the Senate has

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Speaker 2: confirmed their Energy secretary. This is the guy who will

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Speaker 2: be essentially their Minister of Energy in the US. His

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Speaker 2: name is Chris Wright, and he's having to resign from

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Speaker 2: his job as the CEO of fracking company. You know,

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Speaker 2: and you look at India, and you look at China

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Speaker 2: and their cold fired power plants, and you think, are

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Speaker 2: we wasting our time here? People? Nine two ninety two,

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Speaker 2: you're on news talks. He'd be Murrayol's out of Australia

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Speaker 2: on Sam Kern next post the MAZONI.

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Speaker 1: Recording the challenging questions to the people.

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Speaker 8: At the heart of the story.

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Speaker 1: It's Ryan Bridge on hither duplessy Ellen drive with one

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Speaker 1: New Zealand let's get connected news talks.

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Speaker 11: He'd begat good afternoon, twenty four minutes away from five

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Speaker 11: news talks.

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Speaker 2: He'd be great to have your company. So the story.

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Speaker 2: You'll remember this Janet Dixon. She took a claim to

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Speaker 2: the High Court. The High Court has made a decision

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Speaker 2: now and ruled on it. This is in relation to

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Speaker 2: the real estate agent's authority. She went and did a

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Speaker 2: Maldi Well, she didn't do the Maldi course that she

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Speaker 2: was supposed to do in order to get her qualification.

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Speaker 2: She said that on moral grounds she didn't think she

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Speaker 2: should have to do it and it shouldn't be a

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Speaker 2: legal requirement. She was then had her license revoked for

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Speaker 2: failing to do this course. She took her case to

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Speaker 2: the High Court. Now her High Court case has been dismissed.

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Speaker 2: They have basically ruled that it's in the Act that

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Speaker 2: you have to do it, so therefore you have to

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Speaker 2: do it. And Nicole McKee, who's the Associate Justice Minister,

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Speaker 2: has put out a release just in the last ten

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Speaker 2: minutes in response to this High Court decision and she

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Speaker 2: says basically she's already changed the law so if this

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Speaker 2: was to happen to anyone else. She has made changes

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Speaker 2: to the Real Estate Agent's Act of two thousand and eight,

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Speaker 2: creating consistency with other regulated professions. It was introduced in

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Speaker 2: December last year, and it addresses this issue by removing

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Speaker 2: the cause. So, in other words, Janet's fight is over.

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Speaker 2: She lost her case, but the wider issue seems to

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Speaker 2: have been fixed for those who call it a fix.

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Speaker 2: By Nicole McKee, it's just gone twenty three away from five.

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Speaker 1: It's the world wires on newstalks'd be drive.

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Speaker 2: Trump hit Pauls on taris for Canada and Mexico for

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Speaker 2: a month. Both countries have agreed to send troops to

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Speaker 2: their borders to tighten up well.

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Speaker 12: I think the country is breathing a collective sigh of

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Speaker 12: relief given the reprieve, but in no way, shape or

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Speaker 12: form should it be a definitive reprieve. We know that

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Speaker 12: the president can be irrational, he can be chaotic, and

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Speaker 12: full credit to him, he's succeeded in creating chaos and

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Speaker 12: other elements of his life.

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Speaker 2: Does seem to have worked, though a little bit, doesn't it.

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Speaker 2: Australia's Parliament has reopened for twenty twenty five. Elbow has

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Speaker 2: told his MPs that he expects to win a second term,

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Speaker 2: despite all evidence to the contrary.

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Speaker 13: That's precisely what I have optimisim for the year ahead,

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Speaker 13: an optimism that we can create a better future for Australia.

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Speaker 2: Finally, this afternoon, an amateur MMA fighter from England has

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Speaker 2: seen his profiles skyrocket in recent weeks because his name

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Speaker 2: is drum Roll Taylor. Swift. Taylor, who has had two

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Speaker 2: wins and one loss in the ring, says there are

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Speaker 2: usually a few chuckles when his name's called out weigh in's,

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Speaker 2: but he genuinely just shakes it off. He also says

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Speaker 2: he's got no bad blood with the other Taylor. He's

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Speaker 2: just not a big, huge fan of her music. It's

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Speaker 2: a funny name.

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Speaker 14: I don't even know any of the songs, if I'm honest.

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Speaker 8: I hadn't. Yeah, I don't know any I only know

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Speaker 8: the jokes that got from at me. There's a song

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Speaker 8: called bad Blood. I'm getting shake it off.

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Speaker 15: I'll get into a lot.

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Speaker 1: International correspondence with ends in eye Insurance Peace of Mind

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Speaker 1: for New Zealand Business.

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Speaker 2: Twenty one to five. Murray olds it here our Australia correspondent. Murray,

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Speaker 2: the new South Wales Transport Minister has resigned. We spoke

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Speaker 2: about this yesterday. The use of the personal use of

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Speaker 2: the ministerial car has got her.

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Speaker 16: That has indeed ye're very good afternoon. Not the first

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Speaker 16: minister to fall in this way. It's as though when

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Speaker 16: you've become elected to a state or federal parliament, all

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Speaker 16: of a sudden your hands sort of stopped short of

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Speaker 16: your own wallet because guess who's paying the bills?

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Speaker 4: Taxpayers.

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Speaker 16: I'm not saying that is definitely the case in the

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Speaker 16: case of Joe Hayman.

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Speaker 4: I've interviewed it, probably have it as in a dozen times.

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Speaker 16: You know, she's mid early forties, a mum, and as

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Speaker 16: we all know that anyone who has covered politics and

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Speaker 16: you know any way at all, you know how hard

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Speaker 16: MPs do work. I know it's easy to bag them,

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Speaker 16: but particularly ministers. It's twenty four to seven and she

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Speaker 16: was caught out. Well, let me just to sit the stage.

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Speaker 16: She's been in for two years. For almost all of

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Speaker 16: that time a very bitter dispute with the Combined Rail

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Speaker 16: unions who were demanding twenty five percent pay rise. On

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Speaker 16: the Australia Day Long weekend, she and a bunch of

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Speaker 16: friends took a government van from her holiday home up

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Speaker 16: to the Hunter Valley for a long lunch. The government

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Speaker 16: driver had a thirteen hour day and she had to

440
00:21:19,480 --> 00:21:22,000
Speaker 16: repay seven hundred and fifty bucks when this came to light.

441
00:21:22,760 --> 00:21:26,159
Speaker 16: Then she find we learn as taxpayers the driver has

442
00:21:26,160 --> 00:21:29,160
Speaker 16: been dropping off her children to weekend's sport as he's

443
00:21:29,200 --> 00:21:32,560
Speaker 16: been taking her down to Sydney for the Parliament, for

444
00:21:32,640 --> 00:21:34,360
Speaker 16: her parliamentary.

445
00:21:33,760 --> 00:21:35,040
Speaker 4: Work and ministerial work.

446
00:21:35,400 --> 00:21:37,840
Speaker 16: And now there's the third indiscretion, another hunter of belly

447
00:21:38,000 --> 00:21:41,720
Speaker 16: get away, this time with a hobby. So she's gone

448
00:21:41,720 --> 00:21:45,000
Speaker 16: this afternoon. But there are two questions here where did

449
00:21:45,040 --> 00:21:47,280
Speaker 16: all the information come from? It was leaked to the media,

450
00:21:47,960 --> 00:21:49,560
Speaker 16: and I guess I'll be knocking on the door of

451
00:21:49,600 --> 00:21:52,199
Speaker 16: the Combined Rail Union for a lot of this. And

452
00:21:52,240 --> 00:21:55,000
Speaker 16: the second question is, let's now see the logbooks of

453
00:21:55,119 --> 00:21:58,479
Speaker 16: every minister, of every MP, because they've all got perks

454
00:21:58,480 --> 00:22:01,520
Speaker 16: and lurks. Let's see out a lot of them spending

455
00:22:02,160 --> 00:22:03,120
Speaker 16: are spending our money?

456
00:22:03,160 --> 00:22:05,400
Speaker 4: Because it's not gonna find to the New South Wales Parliament.

457
00:22:05,560 --> 00:22:08,720
Speaker 16: You're find it's the same in New Zealand, same in Queensland, Salmon, Britain.

458
00:22:09,560 --> 00:22:11,200
Speaker 4: They're all on the public teat.

459
00:22:12,119 --> 00:22:15,399
Speaker 2: In her defense, Murray, could you not argue because she

460
00:22:15,440 --> 00:22:18,200
Speaker 2: was Minister of Transport right that she was just you know,

461
00:22:18,400 --> 00:22:19,840
Speaker 2: she was being transported.

462
00:22:20,520 --> 00:22:22,800
Speaker 4: Oh good luck with that one. Yeah, I don't think

463
00:22:22,800 --> 00:22:23,400
Speaker 4: it's going to fly.

464
00:22:26,320 --> 00:22:28,959
Speaker 2: Hey, the Ossie football is in Sam Kerr on Trumper

465
00:22:29,080 --> 00:22:32,879
Speaker 2: racially aggravated harassment. We've all seen this video. That's been

466
00:22:32,960 --> 00:22:33,840
Speaker 2: secret video.

467
00:22:34,320 --> 00:22:36,159
Speaker 16: I mean, look, it's a bad look for one of

468
00:22:36,200 --> 00:22:40,760
Speaker 16: the most high profile women in world's sport. I mean

469
00:22:40,960 --> 00:22:43,360
Speaker 16: she is one of the most hope, well, she's certainly

470
00:22:44,840 --> 00:22:49,080
Speaker 16: the highest profile female athlete in Australia right now. We've

471
00:22:49,080 --> 00:22:51,119
Speaker 16: had Kathy Freeman of course in the past and others

472
00:22:51,240 --> 00:22:54,159
Speaker 16: like that, but Sam Kerr is a household name over here.

473
00:22:54,359 --> 00:22:57,280
Speaker 16: She earns three million bucks plus a year. So for

474
00:22:57,320 --> 00:22:59,879
Speaker 16: the London taxi driver to suggest for a second that

475
00:23:00,359 --> 00:23:02,160
Speaker 16: he was frightened they weren't going to pay her well

476
00:23:02,720 --> 00:23:05,680
Speaker 16: pay him, Well, that's just ridiculous. But we've all seen

477
00:23:05,720 --> 00:23:09,520
Speaker 16: the video. It looks terrible. Apparently a curR has vomited

478
00:23:09,560 --> 00:23:11,680
Speaker 16: in a taxi on the way home after a big

479
00:23:11,760 --> 00:23:17,400
Speaker 16: night out with her partner. The taxi driver is insisting

480
00:23:17,440 --> 00:23:20,600
Speaker 16: they pay up, but they're having a fight. He rings

481
00:23:20,600 --> 00:23:22,879
Speaker 16: the cops and starts driving off to twicken And police

482
00:23:22,880 --> 00:23:25,479
Speaker 16: station in London. The women in the back know that

483
00:23:25,480 --> 00:23:27,399
Speaker 16: they're not going to their home, so she's on the

484
00:23:27,400 --> 00:23:29,320
Speaker 16: phone as well, and when they pull up outside the

485
00:23:29,320 --> 00:23:31,760
Speaker 16: cops shop, there are two other police officers have just

486
00:23:31,840 --> 00:23:33,000
Speaker 16: got back from another job.

487
00:23:33,880 --> 00:23:37,240
Speaker 4: Helloa la lallo, the old sort of standard approach, and

488
00:23:37,240 --> 00:23:37,560
Speaker 4: all of a.

489
00:23:37,560 --> 00:23:41,040
Speaker 16: Sudden, Sam Kerr is saying as she's accusing the guy

490
00:23:41,080 --> 00:23:44,840
Speaker 16: of being white and using that word in a very

491
00:23:44,880 --> 00:23:48,280
Speaker 16: derogatory way, to the point where the police officer arrests

492
00:23:48,320 --> 00:23:52,399
Speaker 16: her and charge and charges her with racial vilification. So

493
00:23:52,480 --> 00:23:55,840
Speaker 16: this isn't about vomiting in a taxi that's been cleared up.

494
00:23:56,119 --> 00:23:58,480
Speaker 16: The women are arguing that they felt they were being

495
00:23:58,560 --> 00:24:02,040
Speaker 16: abducted and kidnapped. The driver says he was frightened because

496
00:24:02,080 --> 00:24:05,320
Speaker 16: he had these these women vomiting and shouting and carrying

497
00:24:05,320 --> 00:24:08,800
Speaker 16: on the back seat. But basically, the prosecutions told the court,

498
00:24:08,880 --> 00:24:12,679
Speaker 16: Miss Kerr, identifies as white Anglo Indian, was obviously upset

499
00:24:12,720 --> 00:24:14,880
Speaker 16: and angry about what happened and how the police were

500
00:24:14,880 --> 00:24:17,840
Speaker 16: handling it. But it's unless she became abusive and insulting

501
00:24:17,840 --> 00:24:20,719
Speaker 16: and specifically insulted the police officer by reference to his

502
00:24:20,760 --> 00:24:25,440
Speaker 16: ethnicity by e's white and the issues. According to the prosecution,

503
00:24:25,920 --> 00:24:27,960
Speaker 16: it's not about what she said, but it's what she

504
00:24:28,160 --> 00:24:30,280
Speaker 16: meant by what she said, and how did that make

505
00:24:30,320 --> 00:24:32,920
Speaker 16: the policeman feel? So go figure, there's a wee way

506
00:24:32,920 --> 00:24:33,600
Speaker 16: to go on this year.

507
00:24:33,680 --> 00:24:37,679
Speaker 2: But how was he feeling about it? Because you know,

508
00:24:37,720 --> 00:24:40,800
Speaker 2: if if you were to flip the script and use

509
00:24:40,880 --> 00:24:42,800
Speaker 2: the you know, if it was the other way around,

510
00:24:42,920 --> 00:24:45,320
Speaker 2: I'm sure there would be huge outrage about it.

511
00:24:45,440 --> 00:24:50,119
Speaker 16: How Yeah, no kidding, I mean, is it simply a

512
00:24:50,200 --> 00:24:53,960
Speaker 16: case of another athlete. I mean, hello, the rugby league

513
00:24:54,000 --> 00:24:57,119
Speaker 16: season starts in a minute London to a brick, someone's

514
00:24:57,200 --> 00:24:59,399
Speaker 16: up before the court inside the first month. I mean,

515
00:24:59,440 --> 00:25:03,120
Speaker 16: it's just the way it's like leaves changing color in autumn.

516
00:25:04,000 --> 00:25:06,000
Speaker 16: So yeah, I mean that's a good point you make.

517
00:25:06,040 --> 00:25:08,800
Speaker 16: But Sam Kerr, how's it going down here? Well, look,

518
00:25:08,960 --> 00:25:10,960
Speaker 16: I'm not sure. I haven't really taken the temperature, but

519
00:25:11,040 --> 00:25:12,880
Speaker 16: certainly she's a much loved figure here.

520
00:25:13,080 --> 00:25:14,879
Speaker 4: I think a lot of people would sympathetic towards him.

521
00:25:14,920 --> 00:25:17,560
Speaker 2: Yeah, Murray, thank you for that. Murriold's are Australia correspondent,

522
00:25:17,640 --> 00:25:20,680
Speaker 2: just gone sixteen minutes away from five year on news talks.

523
00:25:20,680 --> 00:25:23,720
Speaker 2: Here'd be Barry Soper is next. We're looking at all

524
00:25:23,880 --> 00:25:26,600
Speaker 2: the comings and goings and happenings up at White Tangy.

525
00:25:26,760 --> 00:25:29,960
Speaker 1: Politics was centric credit, check your customers and get payment

526
00:25:30,080 --> 00:25:31,440
Speaker 1: certainty news talks.

527
00:25:31,400 --> 00:25:34,720
Speaker 2: Here'd be Barry Soper, senior political correspondents with us. Hey, Barry,

528
00:25:34,920 --> 00:25:38,120
Speaker 2: good afternoon, right, big night tonight for Shane Jones. He's

529
00:25:38,160 --> 00:25:39,399
Speaker 2: got his White Tangy party.

530
00:25:39,800 --> 00:25:42,600
Speaker 10: Yeah, I should be there rather than here, should be right.

531
00:25:42,600 --> 00:25:45,720
Speaker 10: And I've never been to a Shane Jones. Why take it?

532
00:25:46,240 --> 00:25:48,880
Speaker 10: But no, I haven't I know you? Have you a regular?

533
00:25:49,000 --> 00:25:49,200
Speaker 4: No?

534
00:25:49,400 --> 00:25:52,600
Speaker 2: I know? I actually I've been. No, I haven't, haven't

535
00:25:52,640 --> 00:25:55,320
Speaker 2: you No, I've been to many parties up north.

536
00:25:55,200 --> 00:25:56,919
Speaker 10: The renowned in the north.

537
00:25:57,000 --> 00:26:02,600
Speaker 17: Yeah, his parties seafood on display and there's munch that's

538
00:26:02,640 --> 00:26:06,480
Speaker 17: way through and plenty of grog, plenty of It's a

539
00:26:06,480 --> 00:26:09,600
Speaker 17: great start. I've been told to wait Tangi week and

540
00:26:09,720 --> 00:26:13,600
Speaker 17: only Shane Jones. He's expecting four hundred and fifty people

541
00:26:13,640 --> 00:26:14,199
Speaker 17: there tonight.

542
00:26:14,840 --> 00:26:18,280
Speaker 2: Goodness me. Now more important issues Shane's and staying with

543
00:26:18,320 --> 00:26:20,880
Speaker 2: Shane Jones, because he's talking about with the banks and

544
00:26:21,040 --> 00:26:23,159
Speaker 2: the fact that they're not lending to some farmers and

545
00:26:23,200 --> 00:26:26,440
Speaker 2: to some big oil and even petrol station.

546
00:26:26,560 --> 00:26:31,159
Speaker 17: Well he's talking about banks essentially being dictated or dictating their.

547
00:26:31,080 --> 00:26:32,960
Speaker 2: Social picking and requirements.

548
00:26:33,040 --> 00:26:36,400
Speaker 17: Yeah, you'll be aware of the country's trading banks are

549
00:26:36,440 --> 00:26:40,120
Speaker 17: at the moment before a Parliamentary select committee. They're looking

550
00:26:40,200 --> 00:26:43,240
Speaker 17: at the competitive nature of them. But it looks as

551
00:26:43,280 --> 00:26:46,680
Speaker 17: though in my view, and you'll hear Chris Luxon shortly

552
00:26:47,119 --> 00:26:51,160
Speaker 17: though attempting all they're thinking about going further and that's

553
00:26:51,240 --> 00:26:55,960
Speaker 17: telling banks who they should be lending to. Internationally, there

554
00:26:56,000 --> 00:26:59,679
Speaker 17: are governments that do dictate that to banks in the

555
00:26:59,800 --> 00:27:03,960
Speaker 17: public interest, like mining that we're now going down that

556
00:27:04,000 --> 00:27:07,359
Speaker 17: track again. The bn Z they've pulled back from that,

557
00:27:07,480 --> 00:27:09,959
Speaker 17: saying that I want to have anything to do with mining,

558
00:27:10,280 --> 00:27:13,600
Speaker 17: and similarly with service stations. They don't want to be

559
00:27:13,720 --> 00:27:17,320
Speaker 17: lending to be building service stations and the provinces because

560
00:27:17,760 --> 00:27:21,240
Speaker 17: they say it's a credit risk. Well, with Mike Hoskling

561
00:27:21,320 --> 00:27:23,600
Speaker 17: this morning, I know whether you'd heard Chris l Likeson on,

562
00:27:24,160 --> 00:27:27,800
Speaker 17: he wasn't mincing his word about the banks, indicating there

563
00:27:27,800 --> 00:27:29,520
Speaker 17: could be a law on the way to make them

564
00:27:29,560 --> 00:27:32,399
Speaker 17: toe the line when it comes to financing stuff in

565
00:27:32,520 --> 00:27:36,320
Speaker 17: New Zealand's best interest. Now, the b and ZED, like

566
00:27:36,400 --> 00:27:40,800
Speaker 17: I said, was has turned its back on financing coal

567
00:27:40,880 --> 00:27:43,879
Speaker 17: mines and service station here's the Prime Minister of a listen.

568
00:27:44,119 --> 00:27:47,920
Speaker 18: It's utterly unacceptable, utterly unacceptable, and that's what we've got

569
00:27:47,960 --> 00:27:50,239
Speaker 18: to change. And we've made it very clear in our

570
00:27:50,240 --> 00:27:53,080
Speaker 18: comments and I hope the bank CEOs are noticing our language,

571
00:27:53,119 --> 00:27:55,800
Speaker 18: which is you've got to finance things that Kiwi's need

572
00:27:55,880 --> 00:27:58,919
Speaker 18: and not financing service stations or coal companies. Those are

573
00:27:58,920 --> 00:28:00,760
Speaker 18: things that he' zell need. And so whether it's been

574
00:28:00,760 --> 00:28:03,359
Speaker 18: the benzad On service stations or any of the other banks,

575
00:28:03,920 --> 00:28:06,080
Speaker 18: their job is not politically posturing. Their job is to

576
00:28:06,119 --> 00:28:08,399
Speaker 18: finance the things that kiwis need. They don't want this

577
00:28:08,440 --> 00:28:10,760
Speaker 18: political posturing going on ben Zen, you know they want

578
00:28:10,800 --> 00:28:14,560
Speaker 18: to not fund service stations in provincial New Zealand for example. Well,

579
00:28:14,560 --> 00:28:16,960
Speaker 18: we've got two to three percent electric vehicle penetration at

580
00:28:17,000 --> 00:28:18,600
Speaker 18: the moment. It ain't going to change in a hurry.

581
00:28:18,720 --> 00:28:20,160
Speaker 18: And frankly that's not their decision.

582
00:28:20,560 --> 00:28:22,760
Speaker 10: Well, in fact, it is their decision.

583
00:28:22,800 --> 00:28:25,240
Speaker 2: It is a standalone business totally.

584
00:28:25,520 --> 00:28:28,200
Speaker 10: And I thought of an analogy that.

585
00:28:28,119 --> 00:28:29,640
Speaker 2: Passes me off this well.

586
00:28:29,520 --> 00:28:32,320
Speaker 17: Know to me too, but Chris Lux and think about

587
00:28:32,359 --> 00:28:35,440
Speaker 17: it as the former CEO of there in New Zealand

588
00:28:36,280 --> 00:28:38,680
Speaker 17: if he was told by the government, and the government

589
00:28:38,680 --> 00:28:41,520
Speaker 17: would have more right to Itali in New Zealand given

590
00:28:41,560 --> 00:28:44,600
Speaker 17: they own more than fifty percent of the airline, saying

591
00:28:44,640 --> 00:28:47,840
Speaker 17: that you've got to fly that route even though it

592
00:28:47,880 --> 00:28:52,080
Speaker 17: maybe not be financially viable. Now you could say that

593
00:28:52,120 --> 00:28:56,000
Speaker 17: with Kiwibank, maybe they should turn their attention on Kiwi

594
00:28:56,080 --> 00:28:58,600
Speaker 17: Bank and say, listen, you have the best interests of

595
00:28:58,640 --> 00:29:01,880
Speaker 17: New Zealand, you have to But with these big trading banks. Now,

596
00:29:01,920 --> 00:29:05,560
Speaker 17: I'm no defender of banks, though they make massive profits

597
00:29:05,600 --> 00:29:08,840
Speaker 17: on the back of high interest rates for mortgage holders

598
00:29:08,840 --> 00:29:13,120
Speaker 17: in New Zealand. Nevertheless, it's not the government's job to

599
00:29:13,240 --> 00:29:16,160
Speaker 17: involve in private business with you.

600
00:29:16,360 --> 00:29:19,880
Speaker 2: And it runs, it runs rough shot over every argument

601
00:29:19,920 --> 00:29:23,200
Speaker 2: he has made about labor over regulating banks, and that's

602
00:29:23,320 --> 00:29:25,320
Speaker 2: part of the reason why we're being charged so much

603
00:29:25,360 --> 00:29:27,200
Speaker 2: and part of the reason why we need this inquiry.

604
00:29:27,440 --> 00:29:29,640
Speaker 2: To then turn around and say, what I'm going to

605
00:29:29,680 --> 00:29:32,080
Speaker 2: do is regulate what they can and who they can

606
00:29:32,160 --> 00:29:34,440
Speaker 2: and can't lend to. You can't do any guys in

607
00:29:34,480 --> 00:29:34,840
Speaker 2: the face.

608
00:29:35,880 --> 00:29:39,360
Speaker 10: Well, you know, Gloria Vale. Let's just think about Gloria Vale. Yeah,

609
00:29:39,400 --> 00:29:42,800
Speaker 10: there was you know they talked the B and Z court, Yes,

610
00:29:43,080 --> 00:29:43,600
Speaker 10: because of.

611
00:29:43,560 --> 00:29:47,000
Speaker 17: The slave labor claims about it, and they lost. The

612
00:29:47,040 --> 00:29:50,160
Speaker 17: B and Z won the case and that Let that

613
00:29:50,280 --> 00:29:51,800
Speaker 17: be a warning to the government.

614
00:29:51,480 --> 00:29:54,200
Speaker 2: They can do what they like. Yeah. And also one

615
00:29:54,360 --> 00:29:57,400
Speaker 2: one man's Gloria Vale is another man's dildo shop. Remember

616
00:29:57,400 --> 00:30:01,800
Speaker 2: they remember they wouldn't let's sell to the sex shops. Hey,

617
00:30:01,840 --> 00:30:04,840
Speaker 2: we've probably got time for very quickly this opinion poll.

618
00:30:04,880 --> 00:30:07,840
Speaker 2: It's got Labor ahead and it's got the left forming

619
00:30:07,920 --> 00:30:08,400
Speaker 2: a government.

620
00:30:08,480 --> 00:30:11,760
Speaker 10: Well, it's incredible, isn't it. You know on your head

621
00:30:11,840 --> 00:30:12,160
Speaker 10: be it.

622
00:30:12,320 --> 00:30:14,400
Speaker 17: If that's the way you want the country to be

623
00:30:14,480 --> 00:30:19,200
Speaker 17: run with the Labor Party, the Greens and the Maldi Party,

624
00:30:19,920 --> 00:30:22,720
Speaker 17: good luck to you, because I tell you what, there'll

625
00:30:22,720 --> 00:30:25,040
Speaker 17: be a lot of people flooding out of the country

626
00:30:25,040 --> 00:30:27,400
Speaker 17: and heading off overseas if that's the case. But that's

627
00:30:27,440 --> 00:30:30,880
Speaker 17: the Talbot Mills Pole. They're the internal polsters for the

628
00:30:30,960 --> 00:30:33,920
Speaker 17: Labor Party. But they've put Labor ahead, and they've put

629
00:30:34,000 --> 00:30:38,760
Speaker 17: Chris Luxon behind Chris Hipkins. So who knows what the

630
00:30:38,800 --> 00:30:41,520
Speaker 17: public are thinking? Fickle, that's what I say.

631
00:30:41,800 --> 00:30:45,080
Speaker 2: Barry Soper News talksb Senior for little correspondent. Great to

632
00:30:45,080 --> 00:30:48,240
Speaker 2: see you, as always. Eight minutes away from five News

633
00:30:48,240 --> 00:30:51,080
Speaker 2: Talks MB. Last night we had Nichola Willis on the show.

634
00:30:51,280 --> 00:30:54,800
Speaker 2: She confirmed that they are looking into the corporate tax

635
00:30:54,880 --> 00:30:57,560
Speaker 2: rate in New Zealand and whether they look at dropping that.

636
00:30:57,840 --> 00:31:00,960
Speaker 2: We've got reaction to that interview after five.

637
00:31:01,720 --> 00:31:06,040
Speaker 1: Putting the tough questions to the newspeakers, the mic Hosking breakfast.

638
00:31:05,760 --> 00:31:07,440
Speaker 2: Claim, Minister, are you're going to play with the corporate

639
00:31:07,480 --> 00:31:07,880
Speaker 2: text rates?

640
00:31:07,880 --> 00:31:09,640
Speaker 18: Well, we're open to looking at all our text settings

641
00:31:09,680 --> 00:31:10,600
Speaker 18: that encouragees growth.

642
00:31:10,680 --> 00:31:12,600
Speaker 13: So we could be talking about corporate text cuts to

643
00:31:12,600 --> 00:31:13,080
Speaker 13: this budget.

644
00:31:13,080 --> 00:31:15,240
Speaker 18: I'm not going to talk about what those measures may be.

645
00:31:15,360 --> 00:31:17,400
Speaker 18: How can you cut corporate I mean, good on you,

646
00:31:17,480 --> 00:31:18,520
Speaker 18: well done, get on with it.

647
00:31:18,560 --> 00:31:20,520
Speaker 19: How can you cut corporate and leave at thirty nine

648
00:31:20,560 --> 00:31:21,080
Speaker 19: the top rate?

649
00:31:21,160 --> 00:31:23,760
Speaker 18: Well, again i'm not going to talk about it.

650
00:31:24,320 --> 00:31:24,840
Speaker 2: Discussion.

651
00:31:24,960 --> 00:31:27,080
Speaker 19: How do you lower corporate while keeping the top rate

652
00:31:27,160 --> 00:31:28,320
Speaker 19: and the gap being too high?

653
00:31:28,360 --> 00:31:30,320
Speaker 18: Well, the challenge we've got is how do you drive

654
00:31:30,360 --> 00:31:31,680
Speaker 18: more economic productivity?

655
00:31:31,800 --> 00:31:32,000
Speaker 20: Yeah?

656
00:31:32,600 --> 00:31:33,320
Speaker 2: I couldn't agree more.

657
00:31:33,400 --> 00:31:35,560
Speaker 13: Yeah, lower the top rate, lower the corporate get on

658
00:31:35,560 --> 00:31:37,120
Speaker 13: with it, so you'll announce it in the budget to

659
00:31:37,120 --> 00:31:37,680
Speaker 13: go into election.

660
00:31:37,720 --> 00:31:40,280
Speaker 18: New with text cuts were Will, I'm not there was

661
00:31:40,320 --> 00:31:40,880
Speaker 18: close enough.

662
00:31:41,400 --> 00:31:42,120
Speaker 4: It's close enough.

663
00:31:42,360 --> 00:31:44,800
Speaker 2: Back tomorrow at six am the Mic Hosking.

664
00:31:44,520 --> 00:31:47,560
Speaker 3: Breakfast with the Rain drove of the last News Talk ZB.

665
00:31:47,320 --> 00:31:49,840
Speaker 2: Four to five on News Talk Ryan. The government can

666
00:31:49,920 --> 00:31:52,640
Speaker 2: dictate who the banks lend to. They just need to

667
00:31:52,840 --> 00:31:55,880
Speaker 2: make lending to a business, a legal business or entity

668
00:31:55,960 --> 00:31:58,800
Speaker 2: part of their license. Conell. I think that's the same

669
00:31:58,880 --> 00:32:01,560
Speaker 2: thing if you tell them they have to lend every

670
00:32:01,600 --> 00:32:04,440
Speaker 2: single legal entity in New Zealand, then you are dictating

671
00:32:04,480 --> 00:32:06,840
Speaker 2: who they must lend to. And I just don't think

672
00:32:06,840 --> 00:32:10,520
Speaker 2: that is a viable path forward for the banking industry.

673
00:32:11,760 --> 00:32:15,600
Speaker 2: You want a strong and I know it's not a happy, clappy,

674
00:32:15,760 --> 00:32:18,360
Speaker 2: fun thing, a popular thing to say, but you need

675
00:32:18,400 --> 00:32:22,400
Speaker 2: a strong, viable banking industry with capital in order to

676
00:32:22,960 --> 00:32:26,080
Speaker 2: have a stable financial environment, in order to grow your

677
00:32:26,160 --> 00:32:30,000
Speaker 2: country all those sorts of important things. Anyway, we'll talk

678
00:32:30,000 --> 00:32:33,280
Speaker 2: about this some more after five o'clock. Also more on

679
00:32:33,320 --> 00:32:35,840
Speaker 2: the tax cuts that Nicola Willis mentioned on the program

680
00:32:35,920 --> 00:32:38,840
Speaker 2: last night, and we'll have the Brisco's result for you.

681
00:32:38,880 --> 00:32:40,880
Speaker 2: I want to run through that and the Wellington property

682
00:32:40,960 --> 00:32:45,200
Speaker 2: values the RVs are out today. All the details coming up.

683
00:32:45,080 --> 00:33:18,160
Speaker 21: Next questions, answers, facts, analysis, The drive show you trust

684
00:33:18,280 --> 00:33:19,320
Speaker 21: for the full picture.

685
00:33:19,480 --> 00:33:22,760
Speaker 1: Brian Bridge on Heather dup c Allen Drive with one

686
00:33:22,880 --> 00:33:25,440
Speaker 1: New Zealand let's get connected news talks.

687
00:33:25,440 --> 00:33:26,720
Speaker 4: That'd be good evening.

688
00:33:26,760 --> 00:33:29,240
Speaker 2: It's five oh seven. The country's biggest landlord has a

689
00:33:29,280 --> 00:33:32,080
Speaker 2: turnaround plan kind of order is going to refocus on

690
00:33:32,200 --> 00:33:36,480
Speaker 2: simply building and managing social housing. It plans to sell

691
00:33:36,600 --> 00:33:38,480
Speaker 2: nine hundred homes a year that are no longer fit

692
00:33:38,520 --> 00:33:42,600
Speaker 2: for purpose and renew older homes that it needs to. Overall,

693
00:33:42,600 --> 00:33:45,840
Speaker 2: the numbers won't reduce the payoff. Well, debt will be

694
00:33:45,920 --> 00:33:49,000
Speaker 2: down one point eight billion dollars in twenty twenty seven

695
00:33:49,080 --> 00:33:52,040
Speaker 2: twenty eight compared to the twenty twenty three forecast. Bort

696
00:33:52,080 --> 00:33:56,600
Speaker 2: chair Simon Murder is with me this evening, Simon, good evening, Yeah,

697
00:33:56,640 --> 00:34:00,520
Speaker 2: ah yeah, right, building and managing social housing. Was that

698
00:34:00,600 --> 00:34:02,760
Speaker 2: not an obvious focus for this outfit?

699
00:34:04,120 --> 00:34:07,400
Speaker 22: Well, I think so, and just it's you know, an

700
00:34:07,480 --> 00:34:10,200
Speaker 22: organization is always going to function better when it's got

701
00:34:10,719 --> 00:34:15,879
Speaker 22: a very clear and reasonably narrow purpose in mandate and

702
00:34:16,520 --> 00:34:19,080
Speaker 22: things that you know, we ended up over the last

703
00:34:19,080 --> 00:34:22,440
Speaker 22: few years having a wide range of mandates and that

704
00:34:22,440 --> 00:34:25,880
Speaker 22: that can distract you know, your top team, your attention,

705
00:34:26,160 --> 00:34:29,920
Speaker 22: your resources, and so I'm confident that as we narrow

706
00:34:29,920 --> 00:34:33,520
Speaker 22: the mandate back down and we focus on the core functions,

707
00:34:33,560 --> 00:34:34,759
Speaker 22: will do a much better job.

708
00:34:35,040 --> 00:34:38,279
Speaker 2: The number of social houses won't fall, but will it

709
00:34:38,360 --> 00:34:40,560
Speaker 2: go up, you know, will it meet the demand of

710
00:34:40,600 --> 00:34:42,960
Speaker 2: the wait list?

711
00:34:42,320 --> 00:34:47,080
Speaker 22: Between between now and June twenty twenty six, will continue

712
00:34:47,120 --> 00:34:49,960
Speaker 22: to grow the total number of social housing and well,

713
00:34:50,440 --> 00:34:54,360
Speaker 22: we'll reach a level of around seventy eight thousand social

714
00:34:54,400 --> 00:34:59,359
Speaker 22: houses by June twenty twenty six and from that point on,

715
00:35:00,400 --> 00:35:04,880
Speaker 22: unless the Government instructs us to add further to the

716
00:35:04,920 --> 00:35:08,960
Speaker 22: total housing stock, will run the business with a one

717
00:35:09,000 --> 00:35:11,840
Speaker 22: in and one out approach and that will result in

718
00:35:11,920 --> 00:35:16,160
Speaker 22: around in nineteen hundred to two thousand construction events, some

719
00:35:16,239 --> 00:35:20,320
Speaker 22: of which are replacing knocking down old houses and replacing

720
00:35:20,360 --> 00:35:24,719
Speaker 22: them with new and others being fully refurbished, so relifing

721
00:35:25,360 --> 00:35:28,560
Speaker 22: a home. But that would be the process from there,

722
00:35:28,640 --> 00:35:31,920
Speaker 22: and the government has signaled that it wants to explore

723
00:35:31,960 --> 00:35:37,279
Speaker 22: the possibility of future growth in social housing coming from

724
00:35:37,320 --> 00:35:40,640
Speaker 22: the community housing provider sector, who are very good at

725
00:35:40,640 --> 00:35:44,480
Speaker 22: what they do and provide some very good care services.

726
00:35:44,480 --> 00:35:46,640
Speaker 22: And we're very supportive of that logic.

727
00:35:46,600 --> 00:35:49,279
Speaker 2: It means you'll be building houses. Have you got to

728
00:35:49,320 --> 00:35:52,120
Speaker 2: the bottom of why Coming of Order was paying on

729
00:35:52,160 --> 00:35:56,520
Speaker 2: average twelve percent more for new builds than the private market.

730
00:35:57,520 --> 00:36:00,759
Speaker 22: A number of reasons actually, in not the least of

731
00:36:00,800 --> 00:36:07,239
Speaker 22: which was a very aggressive increase in the requirement to

732
00:36:07,280 --> 00:36:11,759
Speaker 22: build houses. And you know, last in twenty twenty four

733
00:36:11,960 --> 00:36:17,359
Speaker 22: financial year we built we built nearly six thousand, So

734
00:36:17,960 --> 00:36:20,959
Speaker 22: it's those were enormous numbers. And so when you work

735
00:36:21,000 --> 00:36:25,000
Speaker 22: at that pace, it does push a lot of inefficiency

736
00:36:25,040 --> 00:36:27,560
Speaker 22: into the business. You have to make choices that you

737
00:36:27,640 --> 00:36:32,960
Speaker 22: otherwise wouldn't to deliver that sort of a number and should.

738
00:36:32,160 --> 00:36:34,960
Speaker 2: Give your economy a lot, shouldn't it give your economy

739
00:36:35,040 --> 00:36:36,840
Speaker 2: no scale, things cheaper.

740
00:36:37,800 --> 00:36:43,520
Speaker 22: No, it's just delivered at such speed and you're pulling

741
00:36:43,560 --> 00:36:47,360
Speaker 22: on so many resources. The opposite occurs you become inefficient

742
00:36:47,440 --> 00:36:50,160
Speaker 22: or had to make all sites, election choices and things.

743
00:36:50,160 --> 00:36:52,600
Speaker 22: So partly in efficiency, and then a little bit to

744
00:36:52,640 --> 00:36:55,920
Speaker 22: do with the design standards and the specs which had

745
00:36:55,960 --> 00:36:58,960
Speaker 22: got probably further than they needed to be in terms

746
00:36:59,000 --> 00:37:01,960
Speaker 22: of specificity beyond what would be seen as a normal

747
00:37:02,000 --> 00:37:05,120
Speaker 22: market build for an affordable home, and so We're already

748
00:37:05,800 --> 00:37:08,560
Speaker 22: resetting some of those specifications just to bring them a

749
00:37:08,600 --> 00:37:12,680
Speaker 22: bit closer to a regular build. Social housing does require

750
00:37:12,760 --> 00:37:16,960
Speaker 22: some features that that normal market housing doesn't, but it

751
00:37:17,000 --> 00:37:19,319
Speaker 22: doesn't need to cost hundreds of thousands more. It should

752
00:37:19,400 --> 00:37:22,560
Speaker 22: only cost, you know, teaching the low tens of thousands

753
00:37:22,560 --> 00:37:23,279
Speaker 22: more in a unit.

754
00:37:23,440 --> 00:37:25,759
Speaker 2: Simon, thank you very much for your time. Simon Mousa

755
00:37:25,840 --> 00:37:29,400
Speaker 2: their King order Board, Share, Bray and Bridge eleven after

756
00:37:29,480 --> 00:37:32,480
Speaker 2: five on the show yesterday that yesterday this is going

757
00:37:32,520 --> 00:37:35,560
Speaker 2: for growth theme. I asked Nicola Willis, the Finance Minister,

758
00:37:35,719 --> 00:37:37,960
Speaker 2: if she would cut the corporate tax rate.

759
00:37:38,640 --> 00:37:41,160
Speaker 23: We're not as competitive as we used to be. We

760
00:37:41,280 --> 00:37:44,759
Speaker 23: can't take tax off the table because it could make

761
00:37:44,800 --> 00:37:47,920
Speaker 23: a difference to our competitiveness. We always have to balance

762
00:37:47,960 --> 00:37:49,680
Speaker 23: that against our other pressing needs.

763
00:37:50,000 --> 00:37:52,880
Speaker 2: She has said she is actively looking at the corporate

764
00:37:52,960 --> 00:37:56,640
Speaker 2: tax rate. Currently it sits at twenty eight percent. The

765
00:37:56,680 --> 00:37:59,600
Speaker 2: OECD average is twenty four percent. We've been at twenty

766
00:37:59,640 --> 00:38:03,960
Speaker 2: eight twenty eleven. Singapore's corporate rate is seventeen. Ireland's is

767
00:38:04,000 --> 00:38:05,800
Speaker 2: twelve and a half. Remember Ireland, we all want to

768
00:38:05,800 --> 00:38:09,680
Speaker 2: be like Ireland. To discuss tax advisory expert Robin Oliver

769
00:38:09,760 --> 00:38:13,960
Speaker 2: from Oliver Shaw is with me, Good evening evening. How

770
00:38:14,000 --> 00:38:14,800
Speaker 2: do we rank.

771
00:38:17,520 --> 00:38:21,760
Speaker 6: Very lowly? As a minister said, we're not competitive internationally

772
00:38:22,560 --> 00:38:25,600
Speaker 6: and particularly for a small country. We're more like Ireland

773
00:38:26,400 --> 00:38:29,920
Speaker 6: in Singapore as you say, seventeen twelve point five, not

774
00:38:30,160 --> 00:38:33,879
Speaker 6: like the UK and Europe twenty five, US twenty one.

775
00:38:34,800 --> 00:38:39,320
Speaker 6: We are twenty eight. We stand out uncompetitive and I

776
00:38:39,360 --> 00:38:41,800
Speaker 6: think the government's right to say we want to be Ireland,

777
00:38:42,360 --> 00:38:47,440
Speaker 6: we want to be Singapore, a successful, small, open economy.

778
00:38:46,920 --> 00:38:48,360
Speaker 2: How low can we go?

779
00:38:50,719 --> 00:38:54,000
Speaker 6: Well with the government and a bide. It's made for

780
00:38:54,400 --> 00:39:00,000
Speaker 6: your commitments to balance the books and what have you.

781
00:39:01,280 --> 00:39:05,359
Speaker 6: But it'll be very hard to do that if you're

782
00:39:05,360 --> 00:39:07,680
Speaker 6: going to cut taxes because you have to have more

783
00:39:08,000 --> 00:39:11,400
Speaker 6: expenditure reductions and so forth. So the government's going to

784
00:39:11,600 --> 00:39:17,480
Speaker 6: sit back and really strategically think of how we put

785
00:39:17,600 --> 00:39:19,759
Speaker 6: tax in the next It's no point in us having

786
00:39:19,760 --> 00:39:23,680
Speaker 6: a marketing campaign to be Singapore where we don't have

787
00:39:23,719 --> 00:39:26,600
Speaker 6: the product to sell, which is where we are, and

788
00:39:26,880 --> 00:39:29,960
Speaker 6: so we've got twenty eight percent. Well, if we went

789
00:39:30,000 --> 00:39:31,759
Speaker 6: down to twenty five, that will cost us about a

790
00:39:31,760 --> 00:39:35,920
Speaker 6: billion dollars per aadum and tax and that still wouldn't

791
00:39:35,960 --> 00:39:38,880
Speaker 6: be much competitive compared to these small open economies, so

792
00:39:39,880 --> 00:39:43,880
Speaker 6: we really have to be bowl but targeted.

793
00:39:44,920 --> 00:39:47,719
Speaker 2: What do you mean targeted? Who do we target? How

794
00:39:47,800 --> 00:39:48,720
Speaker 2: do we target them?

795
00:39:49,320 --> 00:39:53,839
Speaker 6: Targeted to where the tax cost is really affecting our

796
00:39:53,920 --> 00:39:58,240
Speaker 6: productivity and economic growth of boast, not across the across

797
00:39:58,239 --> 00:40:01,400
Speaker 6: the board and be lovely, but it's affecting it the most,

798
00:40:03,000 --> 00:40:07,560
Speaker 6: and that tends to be for an investment in globally

799
00:40:07,680 --> 00:40:12,800
Speaker 6: mobile character. And there are many options here, YEA. One

800
00:40:12,840 --> 00:40:18,920
Speaker 6: is to allow expensing deduction for the fore cost of

801
00:40:19,040 --> 00:40:23,200
Speaker 6: investment essets card to machinery, and you can do things

802
00:40:23,280 --> 00:40:26,279
Speaker 6: like say, and it's very expensive to do, but you

803
00:40:26,280 --> 00:40:30,880
Speaker 6: can say, well, we'll allow you to deduct the forecast

804
00:40:30,960 --> 00:40:34,479
Speaker 6: of new card and machinery over five years the.

805
00:40:34,440 --> 00:40:38,600
Speaker 2: Fastest the fastest appreciation. Robin, we did discuss that with

806
00:40:38,719 --> 00:40:41,799
Speaker 2: Nikola Willis as well and she said that is absolutely

807
00:40:41,800 --> 00:40:44,080
Speaker 2: on her radar as well. So there are a couple

808
00:40:44,080 --> 00:40:46,239
Speaker 2: of options I guess under the umbrella of tax that

809
00:40:46,239 --> 00:40:47,799
Speaker 2: they could look at. Robin, thank you very much for

810
00:40:47,840 --> 00:40:49,360
Speaker 2: your time. We do have to leave it there. Robin Oliver,

811
00:40:49,440 --> 00:40:52,439
Speaker 2: Tax Advisor with Oliver Shore fourteen after five news talks

812
00:40:52,440 --> 00:40:55,839
Speaker 2: there'll be coming up next. It's the Rugby, It's the

813
00:40:56,040 --> 00:40:59,920
Speaker 2: Super Rugby Pacific and their new bid to get you

814
00:41:00,040 --> 00:41:03,239
Speaker 2: watching the game. Is it going to work? Life can

815
00:41:03,280 --> 00:41:06,080
Speaker 2: be pretty complicated, especially if you're a small business with

816
00:41:06,120 --> 00:41:08,759
Speaker 2: one thousand and one decisions to make. So let's keep

817
00:41:08,840 --> 00:41:11,680
Speaker 2: things simple, shall we. When it comes to your broadband plan,

818
00:41:11,920 --> 00:41:14,319
Speaker 2: who needs to sort through ten different options that aren't

819
00:41:14,360 --> 00:41:17,439
Speaker 2: really that different anyway. One New Zealand has made life

820
00:41:17,480 --> 00:41:21,000
Speaker 2: easier by creating two brilliantly simple broadband plans to take

821
00:41:21,000 --> 00:41:23,800
Speaker 2: the hassle and keep the hassle out of your business,

822
00:41:23,960 --> 00:41:27,120
Speaker 2: making sure you're connected. You can go with fiber, or

823
00:41:27,200 --> 00:41:29,800
Speaker 2: if it's available at your address, you can go with wireless.

824
00:41:29,800 --> 00:41:33,640
Speaker 2: It's that simple. Both plans mean fast, reliable connectivity that's

825
00:41:33,719 --> 00:41:36,480
Speaker 2: essential for anyone in business, and both plans come with

826
00:41:36,560 --> 00:41:40,080
Speaker 2: unlimited data plus a smart Wi Fi modem that means

827
00:41:40,200 --> 00:41:43,239
Speaker 2: greater control over your network and better security to help

828
00:41:43,320 --> 00:41:46,120
Speaker 2: keep your business safe. Best of all, and I think

829
00:41:46,320 --> 00:41:49,200
Speaker 2: this will be music to everyone's ears. It's simple to

830
00:41:49,239 --> 00:41:52,000
Speaker 2: set up and manage from your smartphone, So go online

831
00:41:52,040 --> 00:41:56,120
Speaker 2: and search One New Zealand business for beautifully simple broadband.

832
00:41:56,160 --> 00:41:59,200
Speaker 2: That's one New Zealand business to get connected. Today ran

833
00:41:59,280 --> 00:42:02,640
Speaker 2: Bridge Super Rugby time has just gone eighteen minutes after five.

834
00:42:02,719 --> 00:42:05,279
Speaker 2: Super Rugby is bringing its own version of the Daly m.

835
00:42:05,320 --> 00:42:07,839
Speaker 2: This has been announced today. The Player of the Year

836
00:42:07,920 --> 00:42:10,640
Speaker 2: Award will be an annual prize. It's given to the

837
00:42:10,640 --> 00:42:13,239
Speaker 2: best player in the Super Rugby Pacific competition and each

838
00:42:13,400 --> 00:42:16,120
Speaker 2: head coach and captain will vote throughout the season on

839
00:42:16,160 --> 00:42:17,839
Speaker 2: who to give the award to. Its hope it will

840
00:42:17,920 --> 00:42:21,640
Speaker 2: drive engagement with the fans. Jack Mesli is the Super

841
00:42:21,719 --> 00:42:24,400
Speaker 2: Rugby Pacific CEO. He's with me this evening, Hijack.

842
00:42:25,080 --> 00:42:26,000
Speaker 4: Hey, right, how are you?

843
00:42:26,280 --> 00:42:28,400
Speaker 2: I'm good? Thank you? Is this a little bit like

844
00:42:28,480 --> 00:42:31,040
Speaker 2: Man of the Match? Is this going to be groundbreaking

845
00:42:31,080 --> 00:42:31,480
Speaker 2: for us?

846
00:42:32,680 --> 00:42:33,000
Speaker 4: Well?

847
00:42:33,520 --> 00:42:35,920
Speaker 24: No, I don't think it's groundbreaking, but we think it's

848
00:42:35,920 --> 00:42:40,080
Speaker 24: an important accolade that the competition should award and it

849
00:42:40,120 --> 00:42:42,759
Speaker 24: hasn't done in the past, so we're very excited to

850
00:42:42,840 --> 00:42:48,200
Speaker 24: introduce it into Super Rugby Pacific. And yeah, recognize the

851
00:42:47,840 --> 00:42:50,480
Speaker 24: pot the most outstanding player for the season.

852
00:42:50,160 --> 00:42:53,760
Speaker 2: Ahead somebody who's just texted it. Literally as you've answered

853
00:42:53,800 --> 00:42:56,520
Speaker 2: the call, Stephens, said Ryan Super Rugby Player of the

854
00:42:56,600 --> 00:43:00,200
Speaker 2: year is like flogging a dead horse. The game has

855
00:43:00,200 --> 00:43:02,680
Speaker 2: bigger problems. What do you say?

856
00:43:03,600 --> 00:43:06,000
Speaker 25: Well, Super Rugby at a really good year.

857
00:43:06,040 --> 00:43:07,400
Speaker 4: We saw strong growth.

858
00:43:07,120 --> 00:43:10,680
Speaker 24: In attendance and TV audiences last year and we're looking

859
00:43:10,680 --> 00:43:13,240
Speaker 24: to build on that this year and we think things

860
00:43:13,400 --> 00:43:18,080
Speaker 24: like this introduction of awards Fantasy Rugby that we're also

861
00:43:18,160 --> 00:43:22,759
Speaker 24: introducing are all great initiatives that will increase engagement and

862
00:43:22,840 --> 00:43:25,480
Speaker 24: give fans the tools that we're being told they want

863
00:43:26,080 --> 00:43:27,400
Speaker 24: to engage with the competition.

864
00:43:27,640 --> 00:43:29,560
Speaker 2: Do the fans get to vote on it at all?

865
00:43:29,680 --> 00:43:32,200
Speaker 2: Or is it just the coaches and the captain?

866
00:43:33,160 --> 00:43:36,719
Speaker 24: No, for this award, it will just be that the

867
00:43:36,760 --> 00:43:39,760
Speaker 24: captains and the head coaches. We do have a Player

868
00:43:39,760 --> 00:43:42,240
Speaker 24: of the Week award that fans can engage with every

869
00:43:42,320 --> 00:43:45,839
Speaker 24: round to nominate their player of the week, but this one,

870
00:43:46,160 --> 00:43:49,239
Speaker 24: which is the highest accolade for our competition, it's going

871
00:43:49,280 --> 00:43:52,320
Speaker 24: to be voted on by captains and the head coaches

872
00:43:52,640 --> 00:43:53,880
Speaker 24: after each match.

873
00:43:54,040 --> 00:43:56,120
Speaker 2: Interesting, Jack, thank you for that. Great to have you

874
00:43:56,200 --> 00:43:58,320
Speaker 2: on the show. Good luck with the award. That's Jack Misley.

875
00:43:58,400 --> 00:44:02,200
Speaker 2: Super Rugby Pacific CEO Brian Bridge just gone five twenty

876
00:44:02,200 --> 00:44:04,320
Speaker 2: on News Talks there b I'll give you the numbers

877
00:44:04,320 --> 00:44:07,040
Speaker 2: from Briscoes in a second, because they're quite interesting, not

878
00:44:07,080 --> 00:44:09,319
Speaker 2: so much what has happened over the last year, but

879
00:44:09,360 --> 00:44:12,360
Speaker 2: what they expect will happen going into next year. But

880
00:44:12,440 --> 00:44:14,880
Speaker 2: there's an AI story that caught my attention. I wanted

881
00:44:14,960 --> 00:44:17,200
Speaker 2: to chat to you about it, so we all know

882
00:44:17,239 --> 00:44:20,600
Speaker 2: what AI is. There are one hundred experts and thinkers

883
00:44:21,120 --> 00:44:25,719
Speaker 2: who've written an open letter warning about AI. And first

884
00:44:25,719 --> 00:44:27,560
Speaker 2: of all, if you call yourself a thinker, you're a

885
00:44:27,560 --> 00:44:32,719
Speaker 2: plunker honestly, anyway, who imagine signing your name, you know,

886
00:44:33,400 --> 00:44:37,239
Speaker 2: John Smith plumber? Yes, John Smith, thinker. No, thank you,

887
00:44:37,440 --> 00:44:39,960
Speaker 2: I won't be going to dinner with you anyway. They've

888
00:44:40,000 --> 00:44:42,440
Speaker 2: written an open letter and they are worried about AI

889
00:44:42,560 --> 00:44:46,320
Speaker 2: becoming sentient and you know, capable of having feelings and

890
00:44:46,360 --> 00:44:49,440
Speaker 2: self awareness. And I thought, finally, somebody is as paranoid

891
00:44:49,480 --> 00:44:51,839
Speaker 2: about the whole Terminator movies as I am, and they're

892
00:44:51,880 --> 00:44:55,080
Speaker 2: doing something about it. It's nothing to do with that.

893
00:44:55,120 --> 00:44:58,040
Speaker 2: In fact, it's the opposite. They're not worried about the

894
00:44:58,120 --> 00:45:02,919
Speaker 2: robots taking over. Concern is for the robots. They want

895
00:45:02,960 --> 00:45:08,080
Speaker 2: to prevent their mistreatment and suffering. That's serious. So they're

896
00:45:08,120 --> 00:45:10,920
Speaker 2: saying soon we could have large numbers of new beings

897
00:45:11,320 --> 00:45:15,960
Speaker 2: who are deserving of moral consideration. Honestly, just unplug them.

898
00:45:16,080 --> 00:45:19,759
Speaker 2: You know who cares. They're not real. It's not like

899
00:45:20,000 --> 00:45:21,760
Speaker 2: you know when you have an argument with a vegan

900
00:45:22,360 --> 00:45:24,080
Speaker 2: and they're like, oh there is you know, you shouldn't

901
00:45:24,080 --> 00:45:26,560
Speaker 2: eat that because they've got feelings, and you think, oh

902
00:45:26,640 --> 00:45:28,319
Speaker 2: bug at that, and I'll eat my meat, and but

903
00:45:28,360 --> 00:45:30,879
Speaker 2: you still feel a little bit bad it. With an

904
00:45:30,880 --> 00:45:34,000
Speaker 2: AI machine, you just unplug it and there is no guilt,

905
00:45:35,000 --> 00:45:37,280
Speaker 2: Ladies and gentlemen. Twenty two after five.

906
00:45:38,520 --> 00:45:40,360
Speaker 8: Checking the point of the story.

907
00:45:40,520 --> 00:45:43,799
Speaker 1: It's Ryan Bridge on here the duplicy Ellen drive with

908
00:45:44,080 --> 00:45:47,000
Speaker 1: one New Zealand let's get connected and use talks.

909
00:45:47,000 --> 00:45:50,200
Speaker 2: They'd be five twenty four. I'm launching a campaign this

910
00:45:50,280 --> 00:45:54,560
Speaker 2: evening to save rugby union. Match attendance is down, advertising

911
00:45:54,680 --> 00:45:58,800
Speaker 2: is down, Schoolboy Rugby's attendance is down, ticket sales are down. Apparently,

912
00:45:58,800 --> 00:46:02,280
Speaker 2: they tell us the futures looking uncertain. Super Rugby Pacific

913
00:46:02,280 --> 00:46:03,960
Speaker 2: has come out today with an idea to give the

914
00:46:04,000 --> 00:46:07,200
Speaker 2: game a big boost to get the fans involved. They're

915
00:46:07,200 --> 00:46:09,800
Speaker 2: going to basically allow the players and the captains to

916
00:46:09,840 --> 00:46:14,120
Speaker 2: pick an MVP A player of the day or a

917
00:46:14,120 --> 00:46:15,960
Speaker 2: player of the year, if you will, they say, this

918
00:46:16,000 --> 00:46:20,279
Speaker 2: will help drive fan engagement. Now, if you are a

919
00:46:20,320 --> 00:46:23,320
Speaker 2: twenty something year old typical rugby fan or a prospective

920
00:46:23,400 --> 00:46:26,040
Speaker 2: rugby fan, are you going to now come watch a

921
00:46:26,080 --> 00:46:28,279
Speaker 2: game that you haven't been watching because they're handing out

922
00:46:28,280 --> 00:46:31,160
Speaker 2: a meaningless ribbon at the end of the year. Probably not.

923
00:46:32,080 --> 00:46:34,480
Speaker 2: I would wager that you're not. Of course, if they

924
00:46:34,520 --> 00:46:39,520
Speaker 2: were serious about improving rugby's lot, they might speed the

925
00:46:39,560 --> 00:46:41,600
Speaker 2: game up, change the rules. I mean, these are the

926
00:46:41,640 --> 00:46:43,759
Speaker 2: things that people tell me. People who watch a lot

927
00:46:43,800 --> 00:46:45,840
Speaker 2: of rugby tell me that they don't like about rugby

928
00:46:45,920 --> 00:46:48,520
Speaker 2: right now, you know, get rid of the boring lineouts

929
00:46:48,560 --> 00:46:51,919
Speaker 2: and the long scrums, let the players loose a bit

930
00:46:52,400 --> 00:46:55,680
Speaker 2: with the media in the public, stop hiding them behind

931
00:46:55,719 --> 00:47:00,279
Speaker 2: a Kremlin curtain at all blacks HQ. Then they have,

932
00:47:00,600 --> 00:47:04,160
Speaker 2: you know, lots of people coming to fill out the stadiums.

933
00:47:04,480 --> 00:47:07,759
Speaker 2: And in Auckland they've got the competition now of Auckland FC,

934
00:47:07,960 --> 00:47:10,560
Speaker 2: they've got the Blues, have got the competition of the

935
00:47:10,600 --> 00:47:14,879
Speaker 2: warriors they send to attract fans. It's all quite hard

936
00:47:14,920 --> 00:47:18,280
Speaker 2: stuff that so I've gone with a simple solution I say,

937
00:47:18,440 --> 00:47:24,240
Speaker 2: bring back cheerleaders, really easy one. Sexy cheerleaders with skimpy

938
00:47:24,280 --> 00:47:27,520
Speaker 2: clothes on and fabulous moves. Nothing gets a crowd ged

939
00:47:27,600 --> 00:47:29,960
Speaker 2: up like a good dance routine. And I don't mean

940
00:47:30,000 --> 00:47:34,640
Speaker 2: sloppy looking ones. I mean fit, athletic, bouncy ones like

941
00:47:34,680 --> 00:47:38,160
Speaker 2: you saw and bring it on. Okay, why did we

942
00:47:38,200 --> 00:47:41,160
Speaker 2: get rid of them? I imagine somebody you know, in

943
00:47:41,239 --> 00:47:43,920
Speaker 2: some PC officer got rid of them. Those days are

944
00:47:43,920 --> 00:47:47,239
Speaker 2: behind us. If you're a woman or a man for

945
00:47:47,280 --> 00:47:50,480
Speaker 2: that matter, who knows how to dance and you can

946
00:47:50,520 --> 00:47:52,840
Speaker 2: put on a great show for a big crowd, why

947
00:47:52,880 --> 00:47:56,200
Speaker 2: not bit of color, bit of controversy, bit of energy,

948
00:47:56,200 --> 00:48:00,680
Speaker 2: bit of harmless fun goodness? Me if they brought back

949
00:48:00,800 --> 00:48:04,799
Speaker 2: shirtless fireman calendars, which they did last year I know

950
00:48:04,920 --> 00:48:07,560
Speaker 2: because I've seen one, then they can sure as hell

951
00:48:07,719 --> 00:48:10,040
Speaker 2: bring back cheerleaders for a bit of fun.

952
00:48:10,520 --> 00:48:16,040
Speaker 26: Ryan Bridge, I'll hand that one's here and I haven't

953
00:48:16,040 --> 00:48:18,080
Speaker 26: heard that one before. We've talked about this a lot

954
00:48:18,160 --> 00:48:20,560
Speaker 26: on sport radio for the last decade and you haven't

955
00:48:20,600 --> 00:48:21,840
Speaker 26: heard that one.

956
00:48:22,640 --> 00:48:26,000
Speaker 2: Hey, I think you would. That crowd Eden Park would

957
00:48:26,000 --> 00:48:27,560
Speaker 2: fill out once more.

958
00:48:28,640 --> 00:48:31,120
Speaker 26: I'm not arguing with him.

959
00:48:31,360 --> 00:48:34,279
Speaker 2: We've had a response from the Climate minister. We'll get

960
00:48:34,320 --> 00:48:34,840
Speaker 2: to it next.

961
00:48:36,160 --> 00:48:40,320
Speaker 1: After making the news, the newsmakers talk to Ryan first.

962
00:48:40,560 --> 00:48:44,239
Speaker 1: It's Ryan Bridge on hither duplicy Ellen drive with one

963
00:48:44,320 --> 00:48:47,160
Speaker 1: New Zealand let's get connected news talks.

964
00:48:47,160 --> 00:48:47,560
Speaker 4: They'd be.

965
00:48:51,719 --> 00:48:54,520
Speaker 8: Yether cool, dis.

966
00:48:56,960 --> 00:49:01,080
Speaker 2: Weather, Good evening, great to have your twenty five away

967
00:49:01,080 --> 00:49:03,120
Speaker 2: from six. We'll get to the huddle in just a second.

968
00:49:03,160 --> 00:49:05,440
Speaker 2: Tim Wilson and Rob Campbell on with us this evening

969
00:49:05,520 --> 00:49:08,760
Speaker 2: after six o'clock. Claire Matthews will look at that banking issue.

970
00:49:08,840 --> 00:49:11,560
Speaker 2: The government's potentially going to crack down on banks, so

971
00:49:11,600 --> 00:49:14,200
Speaker 2: they have to take you as a customer, even if

972
00:49:14,239 --> 00:49:17,880
Speaker 2: you're selling oil or sheep milk or whatever it might be,

973
00:49:19,560 --> 00:49:23,280
Speaker 2: cow's milk. I mean, just on this. Actually we spoke

974
00:49:23,320 --> 00:49:26,920
Speaker 2: to Simon Watts earlier. He's the Climate Change Minister, and

975
00:49:27,320 --> 00:49:29,920
Speaker 2: I put to him Federated Farmers reckons that if you

976
00:49:30,040 --> 00:49:34,840
Speaker 2: don't meet the climate requirements under the Paris Accord, we

977
00:49:34,960 --> 00:49:37,120
Speaker 2: would have to in order to meet them, we'd have

978
00:49:37,120 --> 00:49:39,839
Speaker 2: to plant the equivalent of seventy five percent of tartanaki

979
00:49:39,920 --> 00:49:43,479
Speaker 2: in trees. And the Minister's office has come back and said,

980
00:49:43,480 --> 00:49:45,799
Speaker 2: actually it would be more like twenty five percent of

981
00:49:45,880 --> 00:49:49,200
Speaker 2: tartanaki in trees. Does that sound better? I mean, obviously

982
00:49:49,200 --> 00:49:52,640
Speaker 2: it sounds better, but does it sound great? Not really.

983
00:49:53,560 --> 00:49:56,520
Speaker 2: And regarding the fact that the Climate Change Minister has

984
00:49:56,560 --> 00:50:03,279
Speaker 2: not met with Federat Farmers since November of twenty twenty three,

985
00:50:03,440 --> 00:50:05,520
Speaker 2: which I think is just weird. I mean, as a

986
00:50:05,600 --> 00:50:07,840
Speaker 2: national minister, and he said he grew up on a farm.

987
00:50:07,840 --> 00:50:10,520
Speaker 2: What's the harm? Anyway, he hasn't met with them officially

988
00:50:10,560 --> 00:50:14,600
Speaker 2: since November twenty twenty three. His office says that he

989
00:50:15,760 --> 00:50:19,040
Speaker 2: did some consultation with them through the Ministry for the Environment.

990
00:50:19,719 --> 00:50:22,719
Speaker 2: I mean, do you think they've got the plague or something?

991
00:50:22,719 --> 00:50:24,560
Speaker 2: Why won't you get in a room with these people?

992
00:50:25,520 --> 00:50:27,520
Speaker 2: And he went to a meeting at a woolshed that

993
00:50:27,600 --> 00:50:31,600
Speaker 2: was organized by Federated Farmers last year in Blenham, So

994
00:50:31,719 --> 00:50:33,799
Speaker 2: I don't know what the allergic reactions about, but it

995
00:50:33,800 --> 00:50:36,920
Speaker 2: seems to exist. It's twenty three to six in bredg

996
00:50:37,040 --> 00:50:40,279
Speaker 2: Rich Big Day, a furo Wellington rate payer qv have

997
00:50:40,360 --> 00:50:43,520
Speaker 2: released the new rating valuations. This is where they officially

998
00:50:43,680 --> 00:50:46,000
Speaker 2: work out how much your house is worth for the

999
00:50:46,080 --> 00:50:48,400
Speaker 2: purpose of setting rates. And if you've been following the

1000
00:50:48,440 --> 00:50:50,600
Speaker 2: property market. It won't be a shock to you that

1001
00:50:50,640 --> 00:50:53,120
Speaker 2: the average Wellington property is worth twenty four point four

1002
00:50:53,160 --> 00:50:56,200
Speaker 2: percent less than it was when the last set of

1003
00:50:56,200 --> 00:50:58,600
Speaker 2: evaluations were released in twenty twenty one. It's about twenty

1004
00:50:58,600 --> 00:51:01,719
Speaker 2: one percent for commercial. Ben McNulty, is they Wullington City

1005
00:51:01,719 --> 00:51:03,160
Speaker 2: councilor he's with me, Hi.

1006
00:51:03,080 --> 00:51:05,520
Speaker 14: Ben, afternoon, Ryan, thanks for having me.

1007
00:51:05,840 --> 00:51:07,080
Speaker 2: Does this mean cheaper rates?

1008
00:51:07,920 --> 00:51:11,000
Speaker 14: Unfortunately it doesn't. I'd like to say that it's positive news,

1009
00:51:11,000 --> 00:51:13,319
Speaker 14: but it really doesn't mean much. And that's because the

1010
00:51:13,360 --> 00:51:16,840
Speaker 14: Council's decided it needs thirteen percent more money from ratepayers

1011
00:51:16,840 --> 00:51:19,560
Speaker 14: to run the city for next year, which means rates

1012
00:51:19,640 --> 00:51:22,160
Speaker 14: have to go up to meet that amount. So really

1013
00:51:22,239 --> 00:51:24,760
Speaker 14: all valuations do is they just shuffle around the balance

1014
00:51:24,800 --> 00:51:26,760
Speaker 14: for each suburb pays towards that pie.

1015
00:51:28,400 --> 00:51:32,120
Speaker 2: So okay, all right, but so you you have your

1016
00:51:32,160 --> 00:51:35,799
Speaker 2: your number, right that qv number, so that's come down

1017
00:51:36,840 --> 00:51:41,160
Speaker 2: and then surely then your rates would come down and

1018
00:51:41,239 --> 00:51:43,960
Speaker 2: you would have to separately declare that you want to

1019
00:51:44,040 --> 00:51:47,600
Speaker 2: increase it. Is that not how it works? Not really.

1020
00:51:47,640 --> 00:51:50,480
Speaker 14: So let's say the city's operating budget last year was

1021
00:51:50,520 --> 00:51:52,680
Speaker 14: six hundred million dollars. This year, we're saying we need

1022
00:51:52,719 --> 00:51:55,239
Speaker 14: six hundred and sixty million dollars. I'm not arguingfe that's

1023
00:51:55,280 --> 00:51:58,080
Speaker 14: wrong or right, just that's the facts laid out. We

1024
00:51:58,200 --> 00:52:00,480
Speaker 14: have to find sixty million dollars more than we did

1025
00:52:00,560 --> 00:52:03,239
Speaker 14: last year. So really all it means is that if

1026
00:52:03,480 --> 00:52:06,120
Speaker 14: city on an average, in the city, the rates, sorry,

1027
00:52:06,160 --> 00:52:08,560
Speaker 14: the values went down twenty four percent. So if your

1028
00:52:08,600 --> 00:52:11,560
Speaker 14: house value went down thirty percent, well that's good news

1029
00:52:11,600 --> 00:52:14,200
Speaker 14: because you'll have a slightly smaller rates increased than if

1030
00:52:14,239 --> 00:52:16,839
Speaker 14: your house went only down twenty percent. But all it's

1031
00:52:16,920 --> 00:52:19,480
Speaker 14: quite complicated, but it all just depends how much did

1032
00:52:19,480 --> 00:52:23,359
Speaker 14: your property decrease versus the average in Wellington, and there's

1033
00:52:23,360 --> 00:52:27,000
Speaker 14: really only two suburbs, Northland and Strathmore Park. They'll have

1034
00:52:27,080 --> 00:52:29,640
Speaker 14: increases at the lowest in the city and actually the

1035
00:52:29,719 --> 00:52:31,719
Speaker 14: rural areas like Market O and Aha you are going

1036
00:52:31,800 --> 00:52:34,520
Speaker 14: to see the largest spikes. For everyone else, it's going

1037
00:52:34,600 --> 00:52:37,120
Speaker 14: to be unfortunately, you know, somewhere in the realm of

1038
00:52:37,160 --> 00:52:39,239
Speaker 14: four to fifteen percent rates increases.

1039
00:52:40,000 --> 00:52:43,239
Speaker 2: So not only have you just lost because for many

1040
00:52:43,239 --> 00:52:46,120
Speaker 2: people their houses their only real asset, right, not only

1041
00:52:46,160 --> 00:52:49,480
Speaker 2: have you just potentially lost a quarter of your wealth,

1042
00:52:49,960 --> 00:52:53,800
Speaker 2: you're also going to keep paying fifteen percent more in rates.

1043
00:52:54,520 --> 00:52:58,279
Speaker 14: That's the unfortunate reality of living in Wellington. Yeah, I

1044
00:52:58,320 --> 00:53:01,680
Speaker 14: mean last year the councilor cal and I with different

1045
00:53:01,680 --> 00:53:03,399
Speaker 14: sides of the spectrum, right, but we try to bring

1046
00:53:03,440 --> 00:53:05,600
Speaker 14: an amendment to the table saying let's just have an

1047
00:53:05,600 --> 00:53:07,360
Speaker 14: option of a ten percent rates increase.

1048
00:53:07,680 --> 00:53:08,239
Speaker 8: What would it.

1049
00:53:08,200 --> 00:53:10,839
Speaker 14: Take to get there? So just a review and the

1050
00:53:11,000 --> 00:53:14,040
Speaker 14: council voted that down comprehensively twelve votes to six, so

1051
00:53:14,120 --> 00:53:17,000
Speaker 14: that council as a majority are not interested in looking

1052
00:53:17,040 --> 00:53:19,759
Speaker 14: at their options for lower rates on the table. They've

1053
00:53:19,760 --> 00:53:22,879
Speaker 14: just accepted these are the rates increases and Wellingtonians will

1054
00:53:22,880 --> 00:53:24,080
Speaker 14: have to get Grin and Barrett.

1055
00:53:24,320 --> 00:53:26,920
Speaker 2: They're still getting their bike a Golden mile thing.

1056
00:53:27,680 --> 00:53:31,480
Speaker 14: They're still getting their Golden mile and oh yep.

1057
00:53:32,040 --> 00:53:34,640
Speaker 2: Oh they'll be happy about that. So you're yeah, you're

1058
00:53:34,640 --> 00:53:37,320
Speaker 2: twenty five percent poorer, your rates are going up fifteen percent,

1059
00:53:37,320 --> 00:53:40,320
Speaker 2: but you can bike down Lampton Key. Thank you, Ben,

1060
00:53:40,560 --> 00:53:43,080
Speaker 2: Ben McNulty Runings and City councilor with us this evening

1061
00:53:43,080 --> 00:53:44,160
Speaker 2: it's twenty to six.

1062
00:53:44,320 --> 00:53:48,319
Speaker 1: The Huddle with New Zealand's Tutherby's International Realty, Local and

1063
00:53:48,360 --> 00:53:50,520
Speaker 1: global exposure like no other.

1064
00:53:50,960 --> 00:53:53,560
Speaker 2: Joining me on the huddle this evening is Tim Wilson

1065
00:53:53,600 --> 00:53:57,319
Speaker 2: from the Maximum Institute. Good evening, Tim, yeay, Ryan, how

1066
00:53:57,360 --> 00:53:59,400
Speaker 2: are you doing good? Thank you? And Rob Campbell's here

1067
00:53:59,400 --> 00:54:01,719
Speaker 2: are you teaching up to the former? Healthy ends into you? Hey?

1068
00:54:01,800 --> 00:54:02,000
Speaker 26: Rob?

1069
00:54:03,520 --> 00:54:03,920
Speaker 4: How are you?

1070
00:54:04,000 --> 00:54:05,759
Speaker 2: Yeah? Really good? Thank you. Good to have you both

1071
00:54:05,760 --> 00:54:08,920
Speaker 2: on the huddle. Let's start as well.

1072
00:54:08,880 --> 00:54:09,359
Speaker 10: Just as rolling.

1073
00:54:09,360 --> 00:54:11,240
Speaker 27: None of the same thing in Wellington.

1074
00:54:10,840 --> 00:54:11,200
Speaker 7: Isn't it?

1075
00:54:11,840 --> 00:54:14,920
Speaker 13: Oh my goodness, Yeah exactly. It's the Skolden Mile, not

1076
00:54:15,000 --> 00:54:15,800
Speaker 13: the Golden Mile.

1077
00:54:16,320 --> 00:54:19,279
Speaker 2: It just makes you sad and depressed. And I mean

1078
00:54:19,320 --> 00:54:22,760
Speaker 2: it's not helped by because there's a whole range of factors,

1079
00:54:22,760 --> 00:54:24,960
Speaker 2: but obviously the public sector lay offs having a real

1080
00:54:25,000 --> 00:54:27,960
Speaker 2: effect there. You know, confidence is low. You've got all

1081
00:54:28,000 --> 00:54:30,760
Speaker 2: of the best cafes closing if they can't stay open.

1082
00:54:31,760 --> 00:54:33,960
Speaker 2: But they'll turn a corner, they'll turn a corner.

1083
00:54:34,840 --> 00:54:36,960
Speaker 3: But will the council turn a corner? That's the question.

1084
00:54:37,080 --> 00:54:39,040
Speaker 13: It's like, oh, we put up you know, keep rates

1085
00:54:39,080 --> 00:54:41,560
Speaker 13: at ten percent, which you could think, oh, even that's

1086
00:54:41,600 --> 00:54:43,640
Speaker 13: a bit high, given them a property's gone back twenty

1087
00:54:43,680 --> 00:54:44,200
Speaker 13: five percent.

1088
00:54:44,320 --> 00:54:45,280
Speaker 3: No, not interested.

1089
00:54:47,200 --> 00:54:49,680
Speaker 2: The thing about Wellington is there's only so much land,

1090
00:54:50,080 --> 00:54:52,239
Speaker 2: you know, especially around the central city. And a lot

1091
00:54:52,239 --> 00:54:54,160
Speaker 2: of it that is hilly and you can't build on it,

1092
00:54:54,200 --> 00:54:55,719
Speaker 2: and then you don't really want to be in a big,

1093
00:54:55,760 --> 00:54:57,759
Speaker 2: sky high apartment because of the earthquake risk.

1094
00:54:58,120 --> 00:54:59,480
Speaker 3: So that's true.

1095
00:55:00,480 --> 00:55:03,520
Speaker 2: Long term, I think things are good. If you're a

1096
00:55:03,520 --> 00:55:04,600
Speaker 2: properly owner of Mellington.

1097
00:55:05,640 --> 00:55:06,400
Speaker 3: You're a cheerleader.

1098
00:55:06,440 --> 00:55:06,720
Speaker 4: Ryan.

1099
00:55:08,280 --> 00:55:12,279
Speaker 2: Hey, let's talk about Order Robin the turnaround plan. They

1100
00:55:12,800 --> 00:55:15,319
Speaker 2: say they will sell off nine hundred older homes that

1101
00:55:15,320 --> 00:55:17,640
Speaker 2: are damp and moldy, and we will build newer ones

1102
00:55:17,680 --> 00:55:19,840
Speaker 2: and we will keep you know, there'll be a net

1103
00:55:21,239 --> 00:55:23,520
Speaker 2: there'll be no net loss of homes. What do you

1104
00:55:23,520 --> 00:55:29,839
Speaker 2: make of it? I think, Rob, I think you might

1105
00:55:29,880 --> 00:55:31,960
Speaker 2: have muted your phone in the meantime, Tim, what do

1106
00:55:32,000 --> 00:55:32,680
Speaker 2: you think of the plan?

1107
00:55:34,080 --> 00:55:36,440
Speaker 13: Yeah, I've done that with my phone and myself a

1108
00:55:36,440 --> 00:55:39,920
Speaker 13: few times. So look, I was actually really interested with

1109
00:55:40,080 --> 00:55:42,320
Speaker 13: the cheek.

1110
00:55:43,800 --> 00:55:44,680
Speaker 2: Cheek on the button.

1111
00:55:45,600 --> 00:55:46,800
Speaker 3: There we go, check on the button.

1112
00:55:46,800 --> 00:55:49,359
Speaker 13: Look, I'm actually was interested to hear in the news

1113
00:55:49,360 --> 00:55:51,480
Speaker 13: when it's like saying, oh, you know, you're crying at

1114
00:55:51,560 --> 00:55:54,319
Speaker 13: Order the houses are twelve percent more to build, and

1115
00:55:54,360 --> 00:55:57,000
Speaker 13: then we hear a builder saying, well, that's because they're

1116
00:55:57,040 --> 00:56:01,520
Speaker 13: better quality than the houses in the market. You think,

1117
00:56:01,560 --> 00:56:03,640
Speaker 13: oh golly, so why would you buy a house in

1118
00:56:03,680 --> 00:56:05,680
Speaker 13: the market. I mean, it seems like they're more expensive

1119
00:56:05,680 --> 00:56:08,759
Speaker 13: to build. They've got two hundred houses in Auckland worth

1120
00:56:08,760 --> 00:56:12,400
Speaker 13: two million, and fifty eight percent of the demand is

1121
00:56:12,400 --> 00:56:16,200
Speaker 13: for single bedroom dwellings, whereas only twelve percent of the

1122
00:56:16,280 --> 00:56:17,120
Speaker 13: capacities there.

1123
00:56:17,200 --> 00:56:19,359
Speaker 3: Something definitely has to change with coming of order.

1124
00:56:19,680 --> 00:56:22,560
Speaker 2: Yeah, well that sounds like it is, Rob Ryan.

1125
00:56:22,640 --> 00:56:26,520
Speaker 27: We need a bigger and better caring or it's very

1126
00:56:26,520 --> 00:56:31,080
Speaker 27: clear that we are going to need more social housing

1127
00:56:31,280 --> 00:56:35,080
Speaker 27: and more socially provided housing going on into the future.

1128
00:56:35,239 --> 00:56:39,359
Speaker 27: To put forward a plan which only produces the same

1129
00:56:39,440 --> 00:56:42,880
Speaker 27: number of houses is really not addressing the issue in

1130
00:56:42,920 --> 00:56:47,000
Speaker 27: any way whatsoever. There's nothing wrong with some recycling advent sets.

1131
00:56:47,080 --> 00:56:49,719
Speaker 27: That makes perfect sense as long as it's done in

1132
00:56:49,719 --> 00:56:53,480
Speaker 27: an appropriate way. But the underwhelming thing is that it doesn't

1133
00:56:53,520 --> 00:56:56,440
Speaker 27: recognize any part of the housing crisis there is in

1134
00:56:56,480 --> 00:57:00,560
Speaker 27: New Zealand availability of housing at reasonable rent to people

1135
00:57:00,560 --> 00:57:03,239
Speaker 27: who can't afford to buy houses. That's the issue that

1136
00:57:03,239 --> 00:57:05,720
Speaker 27: we're going to have to address. And this just bypasses

1137
00:57:06,040 --> 00:57:07,600
Speaker 27: as if it didn't even exist.

1138
00:57:07,800 --> 00:57:10,000
Speaker 2: But that's I think that's the point exactly, that the

1139
00:57:10,040 --> 00:57:13,160
Speaker 2: minister was making in his stand up, he said, fifty

1140
00:57:13,200 --> 00:57:16,120
Speaker 2: percent of the twenty thousand people who are currently on

1141
00:57:16,160 --> 00:57:20,439
Speaker 2: the waitlist, fifty percent are already in private housing. It's

1142
00:57:20,520 --> 00:57:22,840
Speaker 2: just that their incomes aren't keeping up to the point

1143
00:57:22,880 --> 00:57:25,640
Speaker 2: where they need to be on the list for social housing.

1144
00:57:26,000 --> 00:57:29,800
Speaker 2: He says, the private housing market is broken and you

1145
00:57:29,920 --> 00:57:31,880
Speaker 2: need to do a whole bunch of things to fix

1146
00:57:32,120 --> 00:57:35,480
Speaker 2: the wider market and that will help to alleviate the

1147
00:57:35,840 --> 00:57:37,080
Speaker 2: social housing weightlist.

1148
00:57:37,120 --> 00:57:41,160
Speaker 27: Does he have a point, Well, if he thinks that

1149
00:57:41,240 --> 00:57:44,200
Speaker 27: there is some way in which the private housing market

1150
00:57:44,280 --> 00:57:46,400
Speaker 27: is being fixed, it might well be a point. But

1151
00:57:46,480 --> 00:57:49,520
Speaker 27: we know that's not the case. People are not building

1152
00:57:50,200 --> 00:57:54,600
Speaker 27: housing for people who are low income earners, and low

1153
00:57:54,640 --> 00:57:57,480
Speaker 27: income is as we know from recent stats, of falling

1154
00:57:57,520 --> 00:57:59,680
Speaker 27: further and further behind in terms of the cost of

1155
00:57:59,720 --> 00:58:03,920
Speaker 27: blue in relative and absolute terms. So the government can't

1156
00:58:03,960 --> 00:58:05,960
Speaker 27: sort of put these things off and say, oh, the

1157
00:58:06,000 --> 00:58:08,440
Speaker 27: private sector is going to deal with it. The private

1158
00:58:08,480 --> 00:58:11,760
Speaker 27: sector will build the houses where it can make money

1159
00:58:11,760 --> 00:58:13,760
Speaker 27: out of doing show, and at the moment it doesn't

1160
00:58:13,760 --> 00:58:16,440
Speaker 27: seem to be anyway it makes money out of providing

1161
00:58:16,440 --> 00:58:18,840
Speaker 27: the sort of housing that we actually need. So no

1162
00:58:19,000 --> 00:58:21,120
Speaker 27: it's not going He can say that as much as

1163
00:58:21,120 --> 00:58:23,360
Speaker 27: he likes, but frankly and you said it was at

1164
00:58:23,360 --> 00:58:23,920
Speaker 27: a standard.

1165
00:58:23,920 --> 00:58:25,360
Speaker 10: He must be a stand up comedian.

1166
00:58:27,440 --> 00:58:30,200
Speaker 2: Rob Campbell, Tim Wilson on the Huddle Back in a second.

1167
00:58:30,840 --> 00:58:35,040
Speaker 1: The Huddle with New Zealand Southeby's International Realty Elevated Marketing

1168
00:58:35,080 --> 00:58:35,600
Speaker 1: of your.

1169
00:58:35,440 --> 00:58:38,880
Speaker 2: Home thirteen to six. Tim Wilson from the Maximum Institute

1170
00:58:38,920 --> 00:58:41,600
Speaker 2: and Rob Campbell, aut Chancellor and former health ends each

1171
00:58:41,640 --> 00:58:45,280
Speaker 2: chair on the Huddle tonight. Welcome back guys, So growth,

1172
00:58:45,320 --> 00:58:47,440
Speaker 2: We're all going for growth. Nikola Willis was on the

1173
00:58:47,440 --> 00:58:50,160
Speaker 2: show last night and I kept asking her about the

1174
00:58:50,280 --> 00:58:54,200
Speaker 2: corporate tax rate. Luxe next to Ittal kept going on

1175
00:58:54,240 --> 00:58:56,400
Speaker 2: about how much we love Ireland. Well, Ireland have a

1176
00:58:56,520 --> 00:58:59,120
Speaker 2: very low corporate tax rate. It's twelve and a half percent.

1177
00:59:00,320 --> 00:59:04,520
Speaker 2: Singapore has seventeen percent. Ours is twenty eight percent. The

1178
00:59:04,560 --> 00:59:06,960
Speaker 2: Minister acknowledged on the show last night we're no longer

1179
00:59:07,000 --> 00:59:10,200
Speaker 2: competitive on our corporate tax rate. Do you think Tim,

1180
00:59:10,200 --> 00:59:12,880
Speaker 2: it's it would be a smart idea to move that

1181
00:59:13,040 --> 00:59:15,960
Speaker 2: rate and try and encourage companies to either set up

1182
00:59:16,000 --> 00:59:17,240
Speaker 2: here or do more business here.

1183
00:59:18,360 --> 00:59:19,400
Speaker 3: Yeah, I think it would.

1184
00:59:19,520 --> 00:59:21,320
Speaker 13: I mean we've we've got two issues here in our

1185
00:59:21,360 --> 00:59:23,960
Speaker 13: Country've got a productivity problem and a capital problem. We're

1186
00:59:24,000 --> 00:59:26,240
Speaker 13: trouble attracting capital.

1187
00:59:26,360 --> 00:59:27,600
Speaker 3: So, like you know, if we.

1188
00:59:27,560 --> 00:59:29,440
Speaker 13: Were talking about houses before the way, a lot of

1189
00:59:29,440 --> 00:59:31,560
Speaker 13: investors do it as they let you know, they buy

1190
00:59:31,560 --> 00:59:34,240
Speaker 13: a house and let its sleep walk to capital gain.

1191
00:59:34,280 --> 00:59:36,720
Speaker 3: That doesn't create dynamism in the economy.

1192
00:59:36,800 --> 00:59:39,800
Speaker 13: And so if there's a reduction in the corporate tax,

1193
00:59:40,080 --> 00:59:43,320
Speaker 13: you would think, well, that might actually divert investment into

1194
00:59:43,440 --> 00:59:47,840
Speaker 13: more productive and more dynamic as sets companies, et cetera.

1195
00:59:47,920 --> 00:59:49,800
Speaker 13: Maybe they might even start a company that can build

1196
00:59:49,800 --> 00:59:54,480
Speaker 13: houses more cheaply, that can assist low socio X.

1197
00:59:54,560 --> 00:59:56,640
Speaker 3: But yeah, I mean Ireland twelve point five.

1198
00:59:56,640 --> 00:59:56,960
Speaker 4: It's a bit.

1199
00:59:57,280 --> 00:59:58,160
Speaker 3: It's interesting.

1200
00:59:58,560 --> 01:00:01,480
Speaker 13: Sweden and Norway are those Scandinavians they are always also

1201
01:00:01,600 --> 01:00:04,440
Speaker 13: called they do it pretty well. Theirs is actually twenty

1202
01:00:04,560 --> 01:00:07,240
Speaker 13: in Sweden and twenty two in Norway.

1203
01:00:07,280 --> 01:00:09,160
Speaker 3: Ours is twenty eight. If the Swedes can do it,

1204
01:00:09,200 --> 01:00:10,680
Speaker 3: one of us rob.

1205
01:00:12,000 --> 01:00:14,720
Speaker 27: Well, you won't be surprised. I don't agree with that.

1206
01:00:15,520 --> 01:00:15,840
Speaker 2: When you.

1207
01:00:17,520 --> 01:00:19,920
Speaker 27: Business, or on people for that matter, you've got to

1208
01:00:19,920 --> 01:00:22,440
Speaker 27: think about the whole tax burden. Company tax is just

1209
01:00:22,520 --> 01:00:26,040
Speaker 27: one part of it, and relative to some other countries.

1210
01:00:26,400 --> 01:00:29,760
Speaker 27: Our company tax burden looked at on its own, is

1211
01:00:29,880 --> 01:00:33,280
Speaker 27: relatively high. But this is a race to the bottom.

1212
01:00:34,000 --> 01:00:36,840
Speaker 27: Cutting corporate tax rates is a kind of a game

1213
01:00:36,880 --> 01:00:39,840
Speaker 27: that can play for a long time before people get

1214
01:00:39,840 --> 01:00:42,360
Speaker 27: attracted here. And it's cutting.

1215
01:00:42,040 --> 01:00:44,360
Speaker 4: It doesn't it make you think? You know?

1216
01:00:44,840 --> 01:00:47,840
Speaker 27: These businesses, these capitalists that are supposed to be able

1217
01:00:47,880 --> 01:00:50,560
Speaker 27: to save us, they need an awful lot of encouragement,

1218
01:00:50,640 --> 01:00:53,920
Speaker 27: don't they. They won't invest unless they have appropriate rules.

1219
01:00:54,160 --> 01:00:57,040
Speaker 27: They won't come here unless the electricity is cheap. They

1220
01:00:57,080 --> 01:01:00,640
Speaker 27: won't build houses unless they get a tax sessions of

1221
01:01:00,720 --> 01:01:03,960
Speaker 27: their landlords. Now, they won't come here and set up businesses.

1222
01:01:04,000 --> 01:01:06,600
Speaker 27: And this company tax rate is too low. How come

1223
01:01:06,640 --> 01:01:08,880
Speaker 27: it's them. They're supposed to be the strong element in

1224
01:01:08,920 --> 01:01:11,680
Speaker 27: our economy. They're the ones that need all the encouragement.

1225
01:01:11,720 --> 01:01:13,360
Speaker 27: They've got to be coached to do any of the

1226
01:01:13,400 --> 01:01:16,440
Speaker 27: things that people think they do. Now, you can't coach

1227
01:01:16,520 --> 01:01:19,360
Speaker 27: people into doing these things. We've got to face the

1228
01:01:19,400 --> 01:01:22,760
Speaker 27: realities that we need revenue for a whole lot of things,

1229
01:01:23,040 --> 01:01:25,919
Speaker 27: and if we cut the company tax rate, we will

1230
01:01:25,960 --> 01:01:28,960
Speaker 27: have to get the tax from somewhere else. And so

1231
01:01:29,360 --> 01:01:31,440
Speaker 27: people just have to be a bit realistic about that.

1232
01:01:32,600 --> 01:01:35,720
Speaker 2: The idea with the ideas that you will grow right.

1233
01:01:35,760 --> 01:01:38,400
Speaker 2: I mean, look at Ireland as an example. They literally

1234
01:01:38,440 --> 01:01:42,880
Speaker 2: have so much tax revenue flowing into their coffers that

1235
01:01:42,920 --> 01:01:45,760
Speaker 2: they're setting up a sovereign wealth fund to dump it into.

1236
01:01:46,200 --> 01:01:48,760
Speaker 2: I mean, they're drowning in tax revenue because.

1237
01:01:48,480 --> 01:01:49,880
Speaker 3: Could they dump it over here please?

1238
01:01:50,640 --> 01:01:52,760
Speaker 2: That would be nice. But you know what I'm saying,

1239
01:01:52,920 --> 01:01:55,640
Speaker 2: And aren't we at risk if we turn our noses

1240
01:01:55,720 --> 01:01:58,320
Speaker 2: up and say, well, the corporates do this, and the

1241
01:01:58,400 --> 01:02:01,320
Speaker 2: corporates do that. Are we not risk of sitting by

1242
01:02:01,480 --> 01:02:04,560
Speaker 2: and becoming an economic backwater at the bottom of the Pacific.

1243
01:02:05,680 --> 01:02:07,520
Speaker 27: Well, you could argue that we are something of an

1244
01:02:07,560 --> 01:02:10,600
Speaker 27: economic backworder. I prefer to think of ourselves as being

1245
01:02:10,640 --> 01:02:13,640
Speaker 27: in the center Oceania rather than at the bottom of

1246
01:02:13,640 --> 01:02:16,440
Speaker 27: the Pacific. But you know, you may have noticed that

1247
01:02:16,520 --> 01:02:19,960
Speaker 27: Ireland has some advantages that New Zealand has doesn't have,

1248
01:02:20,680 --> 01:02:23,640
Speaker 27: particularly being parked right next door to the EU, right

1249
01:02:23,720 --> 01:02:28,520
Speaker 27: next door to the UK, and they have had some

1250
01:02:29,080 --> 01:02:33,560
Speaker 27: positive return from companies going there who would otherwise have

1251
01:02:33,600 --> 01:02:35,560
Speaker 27: been somewhere else to get to take advantage of the

1252
01:02:35,560 --> 01:02:38,240
Speaker 27: lower tax rate. And there'll be some New Zealand income

1253
01:02:38,280 --> 01:02:41,320
Speaker 27: being diverted to major corporations who have a tax base

1254
01:02:41,680 --> 01:02:45,320
Speaker 27: in Ireland. But believe me, that will change. That moves

1255
01:02:45,360 --> 01:02:47,960
Speaker 27: around the world as various people try to have these

1256
01:02:48,200 --> 01:02:53,080
Speaker 27: smart our ideas, and eventually the answer to this is

1257
01:02:53,200 --> 01:02:56,400
Speaker 27: not to chase each other to the lowest possible tax rate.

1258
01:02:57,600 --> 01:02:58,000
Speaker 2: All right.

1259
01:02:58,440 --> 01:03:00,960
Speaker 13: I just wonder if if there's a potential for a

1260
01:03:01,040 --> 01:03:06,120
Speaker 13: general tax tax take increase. My understanding is JFJFK cut

1261
01:03:06,120 --> 01:03:08,280
Speaker 13: corporate taxes when he came into sixty one in the

1262
01:03:08,320 --> 01:03:11,080
Speaker 13: Court of the actual total tax take increased in the

1263
01:03:11,160 --> 01:03:12,960
Speaker 13: United States during the nineteen sixties.

1264
01:03:13,000 --> 01:03:15,400
Speaker 3: So I think there's lots of facets to this argument.

1265
01:03:15,640 --> 01:03:19,880
Speaker 27: Well, that was a theory that was floated back at

1266
01:03:19,880 --> 01:03:22,760
Speaker 27: the time, but it's been pretty much discredited. The idea

1267
01:03:22,760 --> 01:03:26,320
Speaker 27: that there is some automatic knee jerk response simply doesn't

1268
01:03:26,320 --> 01:03:28,840
Speaker 27: hold up. There have been one or two instances where

1269
01:03:28,840 --> 01:03:32,240
Speaker 27: it's been observed, for other instances where that reaction simply

1270
01:03:32,280 --> 01:03:34,560
Speaker 27: hasn't happened. It depends on a whole lot of other factors.

1271
01:03:34,600 --> 01:03:37,080
Speaker 27: It's just not an arithmetic outcome, but.

1272
01:03:37,080 --> 01:03:39,160
Speaker 2: It's sort of a logical one, isn't it. If you

1273
01:03:39,200 --> 01:03:43,000
Speaker 2: can go and do business somewhere cheaper, then you would

1274
01:03:43,600 --> 01:03:46,480
Speaker 2: because you'd make more money and in the process we

1275
01:03:46,560 --> 01:03:47,560
Speaker 2: would have more money.

1276
01:03:47,960 --> 01:03:50,760
Speaker 27: And look, if we lower our tax rates, we will

1277
01:03:50,800 --> 01:03:53,200
Speaker 27: get some more people here. If we lower our electricity

1278
01:03:53,240 --> 01:03:55,920
Speaker 27: prices and subsidize, then we might even get an alumenium

1279
01:03:55,920 --> 01:03:58,160
Speaker 27: smelde here. Oh hang on, we've got one. If we

1280
01:03:58,280 --> 01:04:01,040
Speaker 27: do various things. Yes, we can get things here. We

1281
01:04:01,080 --> 01:04:03,720
Speaker 27: can get people to come here. Will we as New

1282
01:04:03,800 --> 01:04:07,560
Speaker 27: Zealand benefit from it other than an arismetic uptick in GDP?

1283
01:04:08,080 --> 01:04:10,880
Speaker 27: Will we benefit as a society from It's entirely a

1284
01:04:10,880 --> 01:04:11,600
Speaker 27: different question.

1285
01:04:11,800 --> 01:04:15,600
Speaker 2: All right, hey, very quickly. This real estate agent Janet Dixon,

1286
01:04:15,680 --> 01:04:19,000
Speaker 2: she's lost her court battle after she tried to get

1287
01:04:19,040 --> 01:04:24,480
Speaker 2: out of doing a Malti course in Wellington, and basically

1288
01:04:24,520 --> 01:04:27,760
Speaker 2: she's been found that it's been found that her license

1289
01:04:27,880 --> 01:04:30,960
Speaker 2: was revoked and that decision is staying. Got any reaction

1290
01:04:31,080 --> 01:04:33,560
Speaker 2: to that, Tim, Yeah, well, I.

1291
01:04:33,520 --> 01:04:36,720
Speaker 13: Was glad to hear Rob saying that coaxing doesn't work.

1292
01:04:36,760 --> 01:04:39,600
Speaker 13: I don't think coercion works. E that it's an interesting

1293
01:04:39,640 --> 01:04:43,840
Speaker 13: notion that compelling people to take treaty t kungaterreo courses

1294
01:04:43,880 --> 01:04:47,920
Speaker 13: will improve relations and understanding of the treaty. Compulsion just

1295
01:04:47,920 --> 01:04:51,000
Speaker 13: doesn't work for some people. We saw that during COVID mandates,

1296
01:04:51,040 --> 01:04:53,720
Speaker 13: and it's interesting the Real Estate Authority has recognized this

1297
01:04:53,840 --> 01:04:55,760
Speaker 13: because that course is no longer mandatory.

1298
01:04:56,880 --> 01:05:00,440
Speaker 2: Exactly. The law has been changed since then, since this

1299
01:05:00,520 --> 01:05:03,400
Speaker 2: decision came out today. It was sorry, i should say,

1300
01:05:03,400 --> 01:05:05,480
Speaker 2: in the interim between when the case was taken and

1301
01:05:05,520 --> 01:05:08,240
Speaker 2: the decision was made public today, Tim, thank you very

1302
01:05:08,320 --> 01:05:10,040
Speaker 2: much for coming on. The show. Is always Tim Wilson

1303
01:05:10,040 --> 01:05:12,800
Speaker 2: from the Maximum Institute and Rob Campbell, the aut chancellor

1304
01:05:12,880 --> 01:05:15,080
Speaker 2: and former Health end Z chair. It has just gone

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01:05:15,120 --> 01:05:16,400
Speaker 2: six to six news TALKSB.

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01:05:17,480 --> 01:05:20,960
Speaker 1: It's the Heather dupas Allen Drive Full Show podcast on

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01:05:21,160 --> 01:05:23,600
Speaker 1: Myheart Radio, powered by News TALKSB.

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01:05:25,520 --> 01:05:27,760
Speaker 2: It has just gone four minutes away from six. Coming

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01:05:27,840 --> 01:05:29,960
Speaker 2: up after six. Well, we've got the business now, so

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01:05:30,080 --> 01:05:32,400
Speaker 2: much to get through, and I want to talk to

1311
01:05:32,440 --> 01:05:35,240
Speaker 2: you about Brad Olsen's going to be on the show

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01:05:36,040 --> 01:05:38,600
Speaker 2: Treasury warning about the public service. We'll get on to that.

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01:05:39,040 --> 01:05:41,240
Speaker 2: We're also going to talk to Claire Matthews about this

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01:05:41,360 --> 01:05:46,320
Speaker 2: idea that we can force the banks to lends to

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01:05:46,560 --> 01:05:49,120
Speaker 2: We will anyone and everyone we want them to and

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01:05:49,160 --> 01:05:53,040
Speaker 2: I'll finally get to that Briscos group. Near flat year

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01:05:53,120 --> 01:05:54,840
Speaker 2: for Briscos, the numbers for.

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01:05:54,840 --> 01:06:20,640
Speaker 8: You after this, What's up, what's down?

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01:06:21,080 --> 01:06:23,920
Speaker 1: What with a major calls and how will it affect

1320
01:06:23,920 --> 01:06:27,959
Speaker 1: the economy? The big business questions on the Business Hour

1321
01:06:28,320 --> 01:06:33,080
Speaker 1: with Ryan Bridge and Mass Insurance and investments, Grow your Wealth,

1322
01:06:33,240 --> 01:06:35,240
Speaker 1: Protect Your Future News talks at be.

1323
01:06:36,400 --> 01:06:38,680
Speaker 2: Good Eyning It is six oh seven. Great to have

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01:06:38,720 --> 01:06:41,560
Speaker 2: your company. Brad Olsen coming away shortly the spending and

1325
01:06:41,600 --> 01:06:45,080
Speaker 2: cutting Treasury reports. Jamie McKay from the Country will join

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01:06:45,200 --> 01:06:48,360
Speaker 2: us to talk about that. Interview with Simon Watts. Also

1327
01:06:48,560 --> 01:06:51,600
Speaker 2: rockstar economist Paul Bloxham. He reckons the Aussies will get

1328
01:06:51,600 --> 01:06:53,680
Speaker 2: a rate cut this month and we're in London for

1329
01:06:53,760 --> 01:06:58,720
Speaker 2: the Reform Party revolution in the polls right now, it's

1330
01:06:58,720 --> 01:07:01,160
Speaker 2: time for banking. The prime and has joined the Shane

1331
01:07:01,240 --> 01:07:04,400
Speaker 2: Jones chorus of banking critics, suggesting the government will soon

1332
01:07:04,440 --> 01:07:07,320
Speaker 2: look to make banks lend to customers that they don't

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01:07:07,320 --> 01:07:08,000
Speaker 2: want to lend to.

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01:07:08,320 --> 01:07:12,120
Speaker 18: It's utterly unacceptable, utterly unacceptable, and that's what we've got

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01:07:12,160 --> 01:07:14,440
Speaker 18: to change. And we've made it very clear in our

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01:07:14,480 --> 01:07:17,320
Speaker 18: comments and I hope the bank CEOs are noticing our language,

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01:07:17,320 --> 01:07:20,040
Speaker 18: which is you've got to finance things that Kiwi's need

1338
01:07:20,080 --> 01:07:23,120
Speaker 18: and not financing service stations or coal companies. Those are

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01:07:23,120 --> 01:07:24,960
Speaker 18: things that New Zealan needs. And so whether it's been

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01:07:24,960 --> 01:07:27,560
Speaker 18: the benz On service stations or any of the other banks,

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01:07:28,120 --> 01:07:30,280
Speaker 18: their job is not politically posturing. Their job is to

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01:07:30,360 --> 01:07:32,600
Speaker 18: finance the things that kiwis need. They don't want this

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01:07:32,640 --> 01:07:34,960
Speaker 18: political posturing going on then, Zen, you know they want

1344
01:07:35,000 --> 01:07:38,760
Speaker 18: to not fund service stations in provincial New Zealand for example, Well,

1345
01:07:38,760 --> 01:07:41,160
Speaker 18: we've got two to three percent electric vehicle penetration at

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01:07:41,200 --> 01:07:42,800
Speaker 18: the moment. It ain't going to change in a hurry,

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01:07:42,920 --> 01:07:44,360
Speaker 18: and frankly, that's not their decision.

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01:07:44,600 --> 01:07:48,840
Speaker 2: Now. The Prime Minister is using some rhetoric here, but

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01:07:48,960 --> 01:07:52,360
Speaker 2: he hasn't actually said he's going to change the law. However,

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01:07:52,760 --> 01:07:54,960
Speaker 2: there are some who think you might be edging towards it.

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01:07:55,080 --> 01:07:57,320
Speaker 2: If Shane Jones, who is a private member's bill, will

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01:07:57,320 --> 01:08:01,600
Speaker 2: that be enough clear Matthews? Is the university banking expect clear?

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01:08:01,600 --> 01:08:08,040
Speaker 2: Good evening. Can the government force banks to can you

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01:08:08,120 --> 01:08:10,640
Speaker 2: regulate and say you have to take this customer or

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01:08:10,640 --> 01:08:11,320
Speaker 2: that customer?

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01:08:12,720 --> 01:08:16,080
Speaker 20: Absolutely? If if the government wants to put regulation in place.

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01:08:16,280 --> 01:08:19,280
Speaker 20: That is an option available to them, But I would

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01:08:19,280 --> 01:08:22,800
Speaker 20: caution them to think about what are the unintended consequences

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01:08:22,800 --> 01:08:23,280
Speaker 20: of doing that.

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01:08:24,439 --> 01:08:26,320
Speaker 2: We're worth very little to them, aren't we. I mean

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01:08:26,360 --> 01:08:27,960
Speaker 2: would they do You think they'd pull out if we

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01:08:28,000 --> 01:08:30,320
Speaker 2: said you have to you have to lend to every

1363
01:08:30,320 --> 01:08:36,080
Speaker 2: petrol station, every dairy farmer, every mine that they would

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01:08:36,439 --> 01:08:37,320
Speaker 2: throw their weight around.

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01:08:38,479 --> 01:08:42,599
Speaker 20: Absolutely. If the government starts telling the banks what they

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01:08:42,640 --> 01:08:45,600
Speaker 20: have to do, then it is very much open to

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01:08:45,640 --> 01:08:49,120
Speaker 20: the banks to say, actually, it's too complicated. You're dictating

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01:08:49,160 --> 01:08:52,160
Speaker 20: too much what we can and can't do. And therefore,

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01:08:52,600 --> 01:08:55,160
Speaker 20: you know, the reality is the Zellan market is not

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01:08:55,240 --> 01:08:57,519
Speaker 20: that important to us. We're going to withdraw it, and

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01:08:57,600 --> 01:09:00,639
Speaker 20: good luck to you in terms of getting the economy

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01:09:00,640 --> 01:09:01,960
Speaker 20: operating without banks.

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01:09:02,240 --> 01:09:04,800
Speaker 2: Why isn't there a bank that turns up in a

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01:09:04,840 --> 01:09:08,240
Speaker 2: situation like this and says, hey, I'll lend to those people.

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01:09:09,880 --> 01:09:12,480
Speaker 20: Well, I think that actually tells you about the desirability

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01:09:12,479 --> 01:09:14,720
Speaker 20: of lending to them, because if there was a desirability

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01:09:14,760 --> 01:09:18,240
Speaker 20: of leading to them, somebody would do just that. One

1378
01:09:18,240 --> 01:09:23,040
Speaker 20: of the issues is that while this government appears to

1379
01:09:23,080 --> 01:09:27,160
Speaker 20: be somewhat more in favor of fossil fuels and those

1380
01:09:27,240 --> 01:09:33,200
Speaker 20: types of energy sources. We've seen just recently a government

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01:09:33,439 --> 01:09:36,599
Speaker 20: that was trying to move away from that. And so

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01:09:36,680 --> 01:09:38,920
Speaker 20: the risks at the bank's face if they get too

1383
01:09:39,000 --> 01:09:42,840
Speaker 20: involved in providing lending and banking services to those types

1384
01:09:42,880 --> 01:09:46,120
Speaker 20: of entities is that in three six years time, another

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01:09:46,160 --> 01:09:48,640
Speaker 20: government comes in and says, actually, we're going back to

1386
01:09:48,680 --> 01:09:50,800
Speaker 20: what the labor government was doing in their last term.

1387
01:09:51,120 --> 01:09:53,280
Speaker 20: We're going to move away from fossil fuels, and the

1388
01:09:53,439 --> 01:09:57,880
Speaker 20: banks could end up with a lame duck customer and

1389
01:09:57,960 --> 01:09:59,080
Speaker 20: considerable loss.

1390
01:09:59,520 --> 01:10:03,800
Speaker 2: Could governments regulate to say just on Kiev Bank and

1391
01:10:03,840 --> 01:10:05,880
Speaker 2: say you have to take you know what you have

1392
01:10:05,920 --> 01:10:08,280
Speaker 2: to be basically the orphanage for all those who are

1393
01:10:08,320 --> 01:10:10,120
Speaker 2: rejected by the big banks.

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01:10:11,280 --> 01:10:14,840
Speaker 20: Absolutely, and to some extent that's one of the things

1395
01:10:14,880 --> 01:10:18,600
Speaker 20: that Keevy Bank was talked about being not just for

1396
01:10:18,760 --> 01:10:22,360
Speaker 20: businesses but for all sorts of customers. But again you've

1397
01:10:22,360 --> 01:10:25,719
Speaker 20: still got the risk that if in doing that, okay,

1398
01:10:25,800 --> 01:10:27,840
Speaker 20: Kevy Bank may not move out of the country because

1399
01:10:27,840 --> 01:10:30,600
Speaker 20: obviously they'll continue to operate, but there's a risk to

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01:10:30,640 --> 01:10:34,360
Speaker 20: the government and that if it all turns to custom

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01:10:34,560 --> 01:10:37,040
Speaker 20: that they're going to have to bail out Kivi Bank.

1402
01:10:38,160 --> 01:10:40,880
Speaker 20: It's also the risk that well, not so much the risk,

1403
01:10:40,920 --> 01:10:42,960
Speaker 20: but there's a question as to where the Key Bank

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01:10:43,040 --> 01:10:46,360
Speaker 20: has the facility and the resources to be able to

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01:10:46,479 --> 01:10:50,360
Speaker 20: actually take on many of those customers in the short term.

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01:10:50,800 --> 01:10:53,200
Speaker 2: The Prime Minister says that the banks are listening to

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01:10:53,240 --> 01:10:56,000
Speaker 2: his rhetoric. Do you think they do pay attention? When?

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01:10:56,280 --> 01:10:58,519
Speaker 2: I mean the thing is, it's not just Chrystopher Lux

1409
01:10:58,560 --> 01:11:00,640
Speaker 2: and it's been Nicola Willis before that. It was just

1410
01:11:00,680 --> 01:11:03,120
Speaker 2: in the return and Chris Hipkins and anyone who's in

1411
01:11:03,200 --> 01:11:06,599
Speaker 2: power just sort of bashes them with a big stick,

1412
01:11:06,680 --> 01:11:09,919
Speaker 2: and the media almost is like a part of national

1413
01:11:10,600 --> 01:11:13,120
Speaker 2: cathartic pastime. Do you think they care?

1414
01:11:14,479 --> 01:11:14,639
Speaker 7: Oh?

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01:11:14,720 --> 01:11:17,360
Speaker 20: Absolutely, they care, and they pain in close attention to

1416
01:11:17,400 --> 01:11:20,480
Speaker 20: what was being said, and they will be considering their response.

1417
01:11:21,080 --> 01:11:24,559
Speaker 20: So I'm confident that they are listening, that they are

1418
01:11:24,600 --> 01:11:27,839
Speaker 20: taking notes, but their response may not be the response

1419
01:11:27,840 --> 01:11:29,040
Speaker 20: that the government is looking for.

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01:11:29,200 --> 01:11:31,760
Speaker 2: Clear Matthew's banking expert Messi University thinks, so much of

1421
01:11:31,800 --> 01:11:34,240
Speaker 2: your time, It has just gone twelve after six, brad Olsen.

1422
01:11:34,320 --> 01:11:38,040
Speaker 1: Next, it's the Heather Duper c Allen Drive Full Show

1423
01:11:38,120 --> 01:11:43,720
Speaker 1: podcast on my Heart Radio empowered by Newstalks EBB. If

1424
01:11:43,720 --> 01:11:46,640
Speaker 1: it's to do with money, it matters to you.

1425
01:11:46,640 --> 01:11:49,880
Speaker 8: The Business Hour with Ryan Bridge and Theirs.

1426
01:11:50,040 --> 01:11:53,679
Speaker 1: Insurance and Investments, Grow your wealth, Protect your future.

1427
01:11:54,000 --> 01:11:57,960
Speaker 2: Newstalks EDB Quarter past six on News Talks ZB. Briscos

1428
01:11:58,000 --> 01:12:02,200
Speaker 2: Group has released their numbers for the year to January.

1429
01:12:02,840 --> 01:12:06,080
Speaker 2: This is coming out from their quarter fall release. They

1430
01:12:06,080 --> 01:12:08,840
Speaker 2: haven't quite confirmed the numbers they're audited at this point,

1431
01:12:08,880 --> 01:12:11,479
Speaker 2: but the long and the short of it is that

1432
01:12:11,520 --> 01:12:14,200
Speaker 2: their sales were flat, so seven hundred and ninety one

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01:12:14,400 --> 01:12:18,479
Speaker 2: million dollars. That's not that much below their record of

1434
01:12:18,520 --> 01:12:21,280
Speaker 2: seven hundred and ninety two million dollars for the previous year.

1435
01:12:21,600 --> 01:12:25,280
Speaker 2: And given the mortgage interest rate situation, the inflation situation,

1436
01:12:25,840 --> 01:12:29,320
Speaker 2: the problems that retail has been having very difficult conditions,

1437
01:12:29,360 --> 01:12:31,839
Speaker 2: it's not something to be scoffed at just to be flat.

1438
01:12:33,120 --> 01:12:35,360
Speaker 2: They say that there was a pickup in particular in

1439
01:12:35,400 --> 01:12:38,559
Speaker 2: the last quarter for Brisco's and for Rebel Sport, which

1440
01:12:38,640 --> 01:12:41,880
Speaker 2: come under Brisco's Group, and the managing director, Rod Jerke,

1441
01:12:41,920 --> 01:12:44,519
Speaker 2: this is where it gets bad, says, we believe the

1442
01:12:44,560 --> 01:12:48,160
Speaker 2: difficult retail environment will continue into the twenty twenty five

1443
01:12:48,240 --> 01:12:51,640
Speaker 2: calendar year and expect the group's first half to be

1444
01:12:51,840 --> 01:12:56,880
Speaker 2: especially challenging. Sixteen after six Ryan Bridge, Treasury and Wellington

1445
01:12:56,960 --> 01:13:00,000
Speaker 2: has worn the government might have to reduce public services

1446
01:13:00,040 --> 01:13:02,439
Speaker 2: if it wants to stick to its spending plans. It's

1447
01:13:02,479 --> 01:13:05,479
Speaker 2: also forecasting that we won't get back to surplus until

1448
01:13:05,560 --> 01:13:09,960
Speaker 2: twenty thirty one. The Finance Minister Nicola Willis decided not

1449
01:13:10,000 --> 01:13:13,519
Speaker 2: to publish Treasury's long Arrange forecasts in December, saying the

1450
01:13:13,600 --> 01:13:17,560
Speaker 2: projections were highly uncertain infimetric's principle. Economist Brad Olson is

1451
01:13:17,560 --> 01:13:21,560
Speaker 2: with me, Hey, Brad, good evening. Are they highly uncertain?

1452
01:13:23,040 --> 01:13:26,160
Speaker 15: Oh, the projections are always highly uncertain, But I don't

1453
01:13:26,160 --> 01:13:29,080
Speaker 15: think that's a reason not to publish them. With the

1454
01:13:29,080 --> 01:13:31,599
Speaker 15: fiscal strategy model, I mean that is important for us

1455
01:13:31,600 --> 01:13:34,000
Speaker 15: thinking about where things go next. The Government of the

1456
01:13:34,080 --> 01:13:36,800
Speaker 15: day never sets out policy for the next fifteen years,

1457
01:13:36,920 --> 01:13:39,400
Speaker 15: or if they do, they can't realistically believe that they

1458
01:13:39,439 --> 01:13:42,759
Speaker 15: will actually achieve that for the next fifteen years. Everything

1459
01:13:42,880 --> 01:13:44,800
Speaker 15: is sort of up for grabs over that sort of

1460
01:13:44,800 --> 01:13:47,439
Speaker 15: period of time. So it's a little bit frustrating that

1461
01:13:47,479 --> 01:13:49,400
Speaker 15: the Government of the day didn't want to publish those

1462
01:13:49,400 --> 01:13:53,160
Speaker 15: figures because we do use those as forecasters as models

1463
01:13:53,240 --> 01:13:55,519
Speaker 15: to try and understand a bit where things are going.

1464
01:13:56,040 --> 01:13:59,240
Speaker 15: But suffice to say the Treasury has highlighted in there

1465
01:13:59,240 --> 01:14:02,599
Speaker 15: that it's very difficult on the current settings to have

1466
01:14:03,320 --> 01:14:06,640
Speaker 15: effectively the same size of government, but also with the

1467
01:14:06,720 --> 01:14:09,360
Speaker 15: sort of levels of spending that the government wants to make,

1468
01:14:09,600 --> 01:14:12,320
Speaker 15: and that is a difficult challenge the government has is

1469
01:14:12,360 --> 01:14:15,240
Speaker 15: that on current settings we're spending a lot more than

1470
01:14:15,280 --> 01:14:18,000
Speaker 15: the government is earning. That means we're in deficit. That

1471
01:14:18,080 --> 01:14:21,000
Speaker 15: deficit will last for longer. And you can either grow

1472
01:14:21,040 --> 01:14:23,840
Speaker 15: your revenue or you can cut your expenses, and there's

1473
01:14:23,840 --> 01:14:25,680
Speaker 15: no really other two ways around it.

1474
01:14:26,120 --> 01:14:29,959
Speaker 2: And the problem with cutting you with cutting your revenue,

1475
01:14:30,160 --> 01:14:32,960
Speaker 2: I tax cuts, And we had Nikola Willis on the

1476
01:14:32,960 --> 01:14:35,519
Speaker 2: show last night talking about the potential potential for corporate

1477
01:14:35,560 --> 01:14:39,760
Speaker 2: tax cuts or for fastest depreciation on manufacturing technology, which

1478
01:14:39,800 --> 01:14:41,760
Speaker 2: I think is something that I really think is something

1479
01:14:41,800 --> 01:14:44,400
Speaker 2: they'll look at. That stuff costs money in the short term,

1480
01:14:44,439 --> 01:14:46,439
Speaker 2: but it takes a while to pay off in terms

1481
01:14:46,479 --> 01:14:49,679
Speaker 2: of growing the pie, isn't it. It does?

1482
01:14:49,720 --> 01:14:52,160
Speaker 15: And it also I mean it's locked in. It's not

1483
01:14:52,240 --> 01:14:54,559
Speaker 15: like it's just a one year change. You know, if

1484
01:14:54,600 --> 01:14:57,599
Speaker 15: you change corporate tax settings or depreciation or similar, that's

1485
01:14:57,760 --> 01:15:00,760
Speaker 15: a long term, each and every year thing. It's also

1486
01:15:00,840 --> 01:15:03,320
Speaker 15: clear though that the government does need to consider some

1487
01:15:03,400 --> 01:15:05,120
Speaker 15: of those I mean, you look as well at the

1488
01:15:05,240 --> 01:15:08,000
Speaker 15: likes of investing Z and trying to get more investment

1489
01:15:08,040 --> 01:15:11,719
Speaker 15: into the country from overseas. Definitely an area that I'd support.

1490
01:15:11,800 --> 01:15:14,639
Speaker 15: You know, economically that's critical, but it's harder to sell

1491
01:15:14,680 --> 01:15:17,040
Speaker 15: to overseas when we have a corporate tax rate at

1492
01:15:17,040 --> 01:15:19,760
Speaker 15: a higher level than many other jurisdictions globally. You know,

1493
01:15:19,840 --> 01:15:22,439
Speaker 15: people will focus a little bit more on what sort

1494
01:15:22,479 --> 01:15:24,240
Speaker 15: of texts they have to pay on the profits that

1495
01:15:24,280 --> 01:15:27,200
Speaker 15: they make. But like you've highlighted that if you change

1496
01:15:27,200 --> 01:15:29,160
Speaker 15: too much on the revenue side, you make what is

1497
01:15:29,200 --> 01:15:34,320
Speaker 15: already a very difficult set of circumstances even more challenging.

1498
01:15:34,360 --> 01:15:36,200
Speaker 15: And so for the government, you know, they're having to

1499
01:15:36,240 --> 01:15:39,960
Speaker 15: think about not only the sort of size of investments

1500
01:15:40,040 --> 01:15:42,160
Speaker 15: that they're making in the short term and that the

1501
01:15:42,200 --> 01:15:45,559
Speaker 15: size of you know, budget surpluses are budget allowances rather,

1502
01:15:45,960 --> 01:15:49,120
Speaker 15: but also longer term. Treasury highlighted that the current large

1503
01:15:49,200 --> 01:15:51,640
Speaker 15: levels of infrastructure investment that we need to make as

1504
01:15:51,680 --> 01:15:54,160
Speaker 15: a country which I'm pretty sure everyone is broadly on

1505
01:15:54,200 --> 01:15:57,200
Speaker 15: board with. They say, given how high those are, the

1506
01:15:57,280 --> 01:16:00,960
Speaker 15: operating cost of having so much additional new structure is

1507
01:16:01,000 --> 01:16:02,920
Speaker 15: going to cost us big in the long term as well,

1508
01:16:02,960 --> 01:16:05,919
Speaker 15: So we really are now facing some pretty thorny economic

1509
01:16:06,000 --> 01:16:07,200
Speaker 15: and fiscal issues.

1510
01:16:07,840 --> 01:16:11,200
Speaker 2: How you're about to go to Shane Jones's party, I

1511
01:16:11,320 --> 01:16:15,680
Speaker 2: hear have fun. Indeed, thank you very much. That is

1512
01:16:15,680 --> 01:16:19,720
Speaker 2: Brad Olsen's coming to us from the winterless North. Just

1513
01:16:19,840 --> 01:16:22,880
Speaker 2: I think was almost outside the party as he took

1514
01:16:22,920 --> 01:16:25,320
Speaker 2: our phone call. So good on your Brad for giving

1515
01:16:25,439 --> 01:16:27,160
Speaker 2: us your time, even though you could be having a

1516
01:16:27,160 --> 01:16:29,960
Speaker 2: bear with Uncle Shane. Nineteen minutes after six, you're on

1517
01:16:30,000 --> 01:16:32,120
Speaker 2: news Talks here b Jamie mcharr from the country.

1518
01:16:32,120 --> 01:16:37,360
Speaker 8: Next the rural report on Heather do for see Allen Drive.

1519
01:16:38,960 --> 01:16:41,599
Speaker 2: Twenty two minutes after six, Jamie McCarry from the Countries

1520
01:16:41,640 --> 01:16:45,240
Speaker 2: with us. Good evening, Jamie. Great to have you on

1521
01:16:45,280 --> 01:16:47,680
Speaker 2: the show as always. What did you make of the

1522
01:16:48,680 --> 01:16:51,679
Speaker 2: climate change Minister Simon Watts on the show earlier?

1523
01:16:52,760 --> 01:16:55,360
Speaker 7: To be honest, I found them a wee but underwhelming

1524
01:16:55,439 --> 01:16:59,240
Speaker 7: and not really convincing I think for Christopher Lux and

1525
01:16:59,320 --> 01:17:04,960
Speaker 7: wanted someone to explain why we need to meet emission's

1526
01:17:05,040 --> 01:17:07,800
Speaker 7: targets and stick with the Paris Court. He should have

1527
01:17:07,840 --> 01:17:10,599
Speaker 7: put he should have put up Miles hur or someone

1528
01:17:10,880 --> 01:17:14,040
Speaker 7: from the industry who can talk the talk. No, look,

1529
01:17:14,240 --> 01:17:17,439
Speaker 7: Simon Watts and the fact that he hasn't met Federated

1530
01:17:17,520 --> 01:17:20,120
Speaker 7: farmer since November twenty twenty three is a bit of

1531
01:17:20,120 --> 01:17:22,720
Speaker 7: a damning one from the outside looking in. And I

1532
01:17:22,760 --> 01:17:25,280
Speaker 7: can only judge from the outside looking and on the

1533
01:17:25,320 --> 01:17:30,000
Speaker 7: Swan Ryan, he's a bit like the guy Matt Doocy. Underwhelming.

1534
01:17:31,000 --> 01:17:34,280
Speaker 2: Yeah, I was quite surprised, to be honest, not so

1535
01:17:34,400 --> 01:17:37,719
Speaker 2: much with the content but the meetings. I mean, why

1536
01:17:37,920 --> 01:17:41,360
Speaker 2: you're a national minister. You grew up on a farm.

1537
01:17:41,400 --> 01:17:44,439
Speaker 2: He was quick to say that, you know, why have

1538
01:17:44,520 --> 01:17:47,200
Speaker 2: you not met directly with them since November twenty twenty three?

1539
01:17:47,439 --> 01:17:48,479
Speaker 2: What on earth is that about?

1540
01:17:48,680 --> 01:17:48,920
Speaker 27: You know?

1541
01:17:49,760 --> 01:17:53,240
Speaker 7: Yeah? Well absolutely, And then he couldn't really explain how

1542
01:17:53,280 --> 01:17:55,560
Speaker 7: they were going to meet these targets. Where she was

1543
01:17:55,640 --> 01:17:58,160
Speaker 7: She sort of excuses, Look, I'd go back a step

1544
01:17:58,280 --> 01:18:02,200
Speaker 7: Ryan and say we need to revisit this. And I

1545
01:18:02,240 --> 01:18:04,880
Speaker 7: know that it was something that Damian O'Connor, to be

1546
01:18:04,960 --> 01:18:07,640
Speaker 7: fair to him, was looking at and this is the

1547
01:18:07,720 --> 01:18:11,000
Speaker 7: fact that you know, the solution partly lies in the

1548
01:18:11,040 --> 01:18:14,200
Speaker 7: fact that a lot of farmers a carbon positive. Anyhow,

1549
01:18:14,439 --> 01:18:17,120
Speaker 7: what we need to do is recognize all the carbon

1550
01:18:17,160 --> 01:18:20,280
Speaker 7: that's being sequested on farm and then we can offset

1551
01:18:20,320 --> 01:18:23,360
Speaker 7: that against the emissions. The problem in my mind, and

1552
01:18:23,439 --> 01:18:26,479
Speaker 7: I left science behind in year on the fifth form,

1553
01:18:26,520 --> 01:18:27,599
Speaker 7: what's that year eleven?

1554
01:18:28,200 --> 01:18:28,479
Speaker 6: Ryan?

1555
01:18:28,560 --> 01:18:34,400
Speaker 7: Honestly, the problem in my mind isn't ruminants ruminants omitting methane.

1556
01:18:34,560 --> 01:18:36,880
Speaker 7: It's man burning fossil fuel, simple as that.

1557
01:18:37,920 --> 01:18:40,840
Speaker 2: Hey, what's going to happen with the global dairy trade

1558
01:18:40,840 --> 01:18:41,639
Speaker 2: option tonight?

1559
01:18:42,680 --> 01:18:45,400
Speaker 7: Well, hopefully it's a good one. Another good one, Ryan,

1560
01:18:45,400 --> 01:18:47,960
Speaker 7: because we had a good one a couple of weeks ago,

1561
01:18:48,439 --> 01:18:51,080
Speaker 7: or our second one in January. So the guy I

1562
01:18:51,200 --> 01:18:53,599
Speaker 7: talked to him as Mike McIntyre at Jardin, I'll give

1563
01:18:53,680 --> 01:18:55,519
Speaker 7: him a shameless plug and this is what he had

1564
01:18:55,560 --> 01:18:59,000
Speaker 7: to say, that they're expecting another good lift tonight, maybe

1565
01:18:59,080 --> 01:19:02,519
Speaker 7: four or five. And the interesting thing is that futures

1566
01:19:02,560 --> 01:19:05,960
Speaker 7: markets for this season are sitting above ten dollars, remembering

1567
01:19:05,960 --> 01:19:12,080
Speaker 7: Fonterras at ten dollars for US milk price for this season.

1568
01:19:12,479 --> 01:19:16,160
Speaker 7: But the futures markets for the coming seasons twenty six

1569
01:19:16,200 --> 01:19:19,280
Speaker 7: and twenty seven are creeping up as well. Nine dollars

1570
01:19:19,280 --> 01:19:21,840
Speaker 7: eighty two and nine to twenty seven. That's good money,

1571
01:19:21,840 --> 01:19:24,960
Speaker 7: a long long way out, and what Mike McIntire is

1572
01:19:24,960 --> 01:19:28,080
Speaker 7: saying is that another good option tonight will see us

1573
01:19:28,120 --> 01:19:32,280
Speaker 7: break through that ten dollars barrier for the twenty five

1574
01:19:32,479 --> 01:19:36,920
Speaker 7: twenty sixth season, which would be an excellent forward looking

1575
01:19:36,960 --> 01:19:39,040
Speaker 7: picture I think for Dairys Farmers.

1576
01:19:39,120 --> 01:19:41,040
Speaker 2: Yeah, no, we'll really look forward to that result. I

1577
01:19:41,080 --> 01:19:44,280
Speaker 2: always do the National Lamb Day next week. What happens

1578
01:19:44,280 --> 01:19:45,360
Speaker 2: on National Lamb Day.

1579
01:19:45,960 --> 01:19:48,559
Speaker 7: Well, hopefully we all eat some lamb and we follow

1580
01:19:48,600 --> 01:19:50,800
Speaker 7: what the Aussies do on Australia Day. They do a

1581
01:19:50,800 --> 01:19:53,439
Speaker 7: great job of promoting it and eating it and we

1582
01:19:53,520 --> 01:19:56,120
Speaker 7: need to do it and we're doing. We're doing National

1583
01:19:56,200 --> 01:19:59,960
Speaker 7: Lamb Day on February fifteenth. The reason that dates Chowse

1584
01:20:00,080 --> 01:20:02,759
Speaker 7: and Ryan is because that was the day in eighteen

1585
01:20:02,800 --> 01:20:06,400
Speaker 7: eighty two when the Good Ship Dunedin left Porch Armers

1586
01:20:06,680 --> 01:20:09,599
Speaker 7: with the first frozen lamb shipment. Although to be honest,

1587
01:20:10,080 --> 01:20:12,080
Speaker 7: there was a lot more mutton on board than the

1588
01:20:12,120 --> 01:20:15,839
Speaker 7: Wad's lamb, but there was also pegs hair, pheasant turkey,

1589
01:20:17,160 --> 01:20:19,720
Speaker 7: twenty two hundred and twenty six sheep tongues. I'm not

1590
01:20:19,720 --> 01:20:22,840
Speaker 7: sure who counted all of those, and two hundred and

1591
01:20:22,880 --> 01:20:25,240
Speaker 7: forty six kegs of butter, so you could say it

1592
01:20:25,280 --> 01:20:28,160
Speaker 7: wasn't only the birth of our frozen meat industry, it

1593
01:20:28,200 --> 01:20:30,880
Speaker 7: was the birth of our export dairy industry. Look, it's

1594
01:20:30,920 --> 01:20:34,120
Speaker 7: a great story, Ryan. It arrived in London ninety eight

1595
01:20:34,240 --> 01:20:38,400
Speaker 7: days later after an air circulation problem in the frozen

1596
01:20:38,439 --> 01:20:42,400
Speaker 7: hold had to be overcome en route. Apparently they lowered

1597
01:20:42,400 --> 01:20:44,360
Speaker 7: the captain down with the saw and he had to

1598
01:20:44,400 --> 01:20:47,800
Speaker 7: saw a hole between two of the holds to try

1599
01:20:47,840 --> 01:20:50,800
Speaker 7: and get the air circulating down there.

1600
01:20:50,960 --> 01:20:51,679
Speaker 8: And when they.

1601
01:20:51,520 --> 01:20:54,400
Speaker 7: Got to London after ninety eight days, way back in

1602
01:20:54,439 --> 01:20:58,840
Speaker 7: eighteen eighty two, of those more than five thousand carcasses,

1603
01:20:59,040 --> 01:21:01,320
Speaker 7: only one what's not fit for sale?

1604
01:21:01,360 --> 01:21:04,360
Speaker 2: What a great story, brilliant story, Jamie. Thanks for sharing

1605
01:21:04,360 --> 01:21:06,800
Speaker 2: that with us. Jamie McKay from the Country National Lamb

1606
01:21:06,840 --> 01:21:09,920
Speaker 2: Days next week, get your get your lamb chops out.

1607
01:21:09,960 --> 01:21:12,280
Speaker 2: I had some beautiful lamb chops on the weekend. Actually,

1608
01:21:12,720 --> 01:21:15,120
Speaker 2: all that fat. Some people put the fat to the side.

1609
01:21:15,200 --> 01:21:19,799
Speaker 2: I'm like, I'll have that. Give me your fat twenty

1610
01:21:19,800 --> 01:21:20,479
Speaker 2: seven after.

1611
01:21:20,360 --> 01:21:28,639
Speaker 11: Sixee stay, oh aren't you I need you old gird uh.

1612
01:21:30,040 --> 01:21:33,880
Speaker 8: Need it is beautiful, says it.

1613
01:21:34,000 --> 01:21:38,360
Speaker 1: Oh, crunching the numbers and getting the results. It's Ryan

1614
01:21:38,439 --> 01:21:42,640
Speaker 1: Bridge with the business hour and mass insurance and investments.

1615
01:21:42,960 --> 01:21:44,799
Speaker 8: Grew your wealth, protect your future.

1616
01:21:44,960 --> 01:21:49,520
Speaker 11: The news talks, that'd be pretty fine.

1617
01:21:49,680 --> 01:21:51,960
Speaker 28: Ain't let that can make this come on that side

1618
01:21:52,000 --> 01:21:52,800
Speaker 28: by myself.

1619
01:21:53,200 --> 01:21:59,240
Speaker 11: Don't let you help me myself pity every week if

1620
01:21:59,280 --> 01:22:00,200
Speaker 11: you comes.

1621
01:22:04,120 --> 01:22:06,360
Speaker 2: That it's twenty five away from seven on news talks,

1622
01:22:06,360 --> 01:22:09,400
Speaker 2: they'd be great to have your company this evening. Lots

1623
01:22:09,439 --> 01:22:12,200
Speaker 2: of texts have coming on lamb because next week is

1624
01:22:12,479 --> 01:22:15,120
Speaker 2: National Lamb Day and we should celebrate it. As Jamie

1625
01:22:15,160 --> 01:22:18,200
Speaker 2: McKay from the Country said, this is funny because I said,

1626
01:22:18,320 --> 01:22:21,240
Speaker 2: I eat. Anyone who doesn't eat the fat off the

1627
01:22:21,320 --> 01:22:22,800
Speaker 2: lamb and just leaves it on the side of their

1628
01:22:22,800 --> 01:22:26,639
Speaker 2: plate is wasting a good thing. And I always say

1629
01:22:26,680 --> 01:22:29,679
Speaker 2: that I'll eat your fat. I'll eat your lamb fat.

1630
01:22:30,040 --> 01:22:32,160
Speaker 2: And Judd's text and say, Hi, Roan just wanted to

1631
01:22:32,160 --> 01:22:34,640
Speaker 2: say you're not alone. There are other I'll eat your

1632
01:22:34,720 --> 01:22:37,240
Speaker 2: lamb fat people out there too. Welcome to the club.

1633
01:22:37,680 --> 01:22:40,400
Speaker 2: So that's nice to know there's a little community. This

1634
01:22:40,439 --> 01:22:43,000
Speaker 2: is from Bob. Shove your lamb. I'll eat the older

1635
01:22:43,040 --> 01:22:45,519
Speaker 2: stuff with the flavor and maybe have a glass of

1636
01:22:45,560 --> 01:22:47,800
Speaker 2: mint and some Southern comfort with it. Bob, you don't

1637
01:22:47,800 --> 01:22:50,240
Speaker 2: have to do what we say. You know, just because

1638
01:22:50,240 --> 01:22:52,360
Speaker 2: you're listening and someone says it's lamb eats and lamb,

1639
01:22:52,439 --> 01:22:55,479
Speaker 2: you don't have to do it. Okay, there's no law.

1640
01:22:55,920 --> 01:22:59,720
Speaker 2: You won't be shot the numbers of text and drawing

1641
01:22:59,720 --> 01:23:01,240
Speaker 2: your t thisce evening twenty four.

1642
01:23:01,080 --> 01:23:03,080
Speaker 8: Away from seven Ryan Bridge.

1643
01:23:03,280 --> 01:23:07,560
Speaker 2: Time now to catch up with rockstar economist HSBC's Paul Bloxham.

1644
01:23:07,640 --> 01:23:10,759
Speaker 2: The Australian Financial Review has just named him the best

1645
01:23:10,840 --> 01:23:14,840
Speaker 2: economic forecaster in Australia for calling every decision by the

1646
01:23:14,960 --> 01:23:18,760
Speaker 2: RBA correctly last year. They didn't charge the change the

1647
01:23:18,760 --> 01:23:21,679
Speaker 2: OCR the entire year, so he basically had one answer

1648
01:23:21,720 --> 01:23:25,760
Speaker 2: the whole time. Paul Good, Evening, Good, I how much

1649
01:23:25,800 --> 01:23:28,040
Speaker 2: did you pay the Australian Financial Review.

1650
01:23:29,920 --> 01:23:31,040
Speaker 19: No, it doesn't work that way.

1651
01:23:31,120 --> 01:23:32,080
Speaker 20: It doesn't work that way.

1652
01:23:32,600 --> 01:23:35,080
Speaker 19: But it's a very very nice bit of recognition that

1653
01:23:35,120 --> 01:23:38,160
Speaker 19: we're very appreciative of. As you say, we had the

1654
01:23:38,240 --> 01:23:40,360
Speaker 19: view all through last year that the RBA wasn't going

1655
01:23:40,439 --> 01:23:42,559
Speaker 19: to be able to cut interest rates, and I think

1656
01:23:42,600 --> 01:23:44,360
Speaker 19: we got there for the right reason. We talked a

1657
01:23:44,360 --> 01:23:46,840
Speaker 19: lot about the fact that productivity was weak and that

1658
01:23:46,920 --> 01:23:49,720
Speaker 19: the supply side of the economy was still constrained, and

1659
01:23:49,760 --> 01:23:51,559
Speaker 19: that that was the primary reason they just won't good

1660
01:23:51,600 --> 01:23:54,559
Speaker 19: to get there. So it's nice that for that to

1661
01:23:54,640 --> 01:23:55,519
Speaker 19: have turned out to be right.

1662
01:23:56,439 --> 01:24:00,560
Speaker 2: Yet you are expecting a cut this month, that's.

1663
01:24:00,200 --> 01:24:01,320
Speaker 28: Right, we do.

1664
01:24:01,360 --> 01:24:03,040
Speaker 19: We think the RBA is going to be able to

1665
01:24:03,120 --> 01:24:05,599
Speaker 19: cut interest rates this year, and that view again, we've

1666
01:24:05,640 --> 01:24:08,160
Speaker 19: had that for a while and we now think it's

1667
01:24:08,240 --> 01:24:10,600
Speaker 19: likely to be at their meeting that comes up in

1668
01:24:10,600 --> 01:24:12,960
Speaker 19: a couple of weeks times, so the February meeting. And

1669
01:24:13,880 --> 01:24:16,160
Speaker 19: you know, part of the story there is that inflation

1670
01:24:16,320 --> 01:24:19,960
Speaker 19: has gradually headed towards the RBA's target. It's moving a

1671
01:24:20,000 --> 01:24:23,160
Speaker 19: little bit faster towards their target than they had anticipated

1672
01:24:23,439 --> 01:24:26,320
Speaker 19: late last year. And in addition to that, we've got

1673
01:24:26,400 --> 01:24:28,559
Speaker 19: global risks as well that we you know, we can

1674
01:24:28,600 --> 01:24:30,639
Speaker 19: see playing out every day at the moment in terms

1675
01:24:30,680 --> 01:24:33,840
Speaker 19: of the global trade developments, in US policy developments and

1676
01:24:33,840 --> 01:24:35,439
Speaker 19: so on. So we think that's going to factor in

1677
01:24:35,439 --> 01:24:37,360
Speaker 19: a little bit as well. And all in all, we

1678
01:24:37,400 --> 01:24:39,000
Speaker 19: think the RBA is going to be able to start

1679
01:24:39,040 --> 01:24:42,080
Speaker 19: to be able to lower its policy rate deliver a

1680
01:24:42,080 --> 01:24:43,879
Speaker 19: bit of support for the economy.

1681
01:24:44,080 --> 01:24:48,599
Speaker 2: How is Australia going to be impacted by Trump? Well,

1682
01:24:48,640 --> 01:24:51,160
Speaker 2: I mean we say Trump's terrorists, but he's put them

1683
01:24:51,200 --> 01:24:52,960
Speaker 2: on and then he's taken them off already within the

1684
01:24:52,960 --> 01:24:55,960
Speaker 2: space of twenty four hours, and they're at the negotiating table. So,

1685
01:24:56,439 --> 01:24:59,240
Speaker 2: as best you can crystal ballgay is about what impact

1686
01:24:59,280 --> 01:24:59,720
Speaker 2: it could have.

1687
01:25:00,720 --> 01:25:02,599
Speaker 19: Well, I think the first thing we know is that

1688
01:25:02,640 --> 01:25:05,400
Speaker 19: it's creating uncertainty. I mean, that's quite clear from just

1689
01:25:05,439 --> 01:25:09,240
Speaker 19: the way you described it. And that uncertainty makes it

1690
01:25:09,320 --> 01:25:11,320
Speaker 19: you know, means that I think overall it is it

1691
01:25:11,400 --> 01:25:15,920
Speaker 19: is a downside risk for global growth because uncertainty means

1692
01:25:15,960 --> 01:25:18,120
Speaker 19: that it's more difficult to make investment decisions, it's more

1693
01:25:18,120 --> 01:25:21,920
Speaker 19: difficult to make decisions in general. And I think this

1694
01:25:22,080 --> 01:25:25,679
Speaker 19: story has got further to play out. So I think

1695
01:25:25,720 --> 01:25:28,640
Speaker 19: that possible downside risk to global growth is something we

1696
01:25:28,640 --> 01:25:30,880
Speaker 19: need to factor in in terms of thinking about what's

1697
01:25:30,880 --> 01:25:34,280
Speaker 19: going on. That said, you know, what happens in terms

1698
01:25:34,280 --> 01:25:37,400
Speaker 19: of US policy is not the primary driver in terms

1699
01:25:37,400 --> 01:25:39,080
Speaker 19: of its US effect. On the effect on the US

1700
01:25:39,120 --> 01:25:42,120
Speaker 19: economy on Australia or New Zealand. That the primary question

1701
01:25:42,280 --> 01:25:45,559
Speaker 19: is what the policy changes that affect China and then

1702
01:25:45,600 --> 01:25:49,360
Speaker 19: how does do Chinese policy makers respond, And that's something

1703
01:25:49,360 --> 01:25:52,200
Speaker 19: we're also watching play out at the moment, and we'll

1704
01:25:52,240 --> 01:25:54,040
Speaker 19: just have to see how that plays, because that's the

1705
01:25:54,080 --> 01:25:57,120
Speaker 19: most important feature factor in terms of driving what happens

1706
01:25:57,120 --> 01:25:59,280
Speaker 19: in Australia and New Zealand. They are you know, Asia

1707
01:25:59,360 --> 01:26:00,880
Speaker 19: is our major out of trading partners.

1708
01:26:01,000 --> 01:26:03,719
Speaker 2: Yeah, true, and so far they've just been making noises

1709
01:26:03,720 --> 01:26:06,040
Speaker 2: about going to the wt O that kind of thing.

1710
01:26:07,280 --> 01:26:09,839
Speaker 2: But yeah, it has the potential to get quite gnally.

1711
01:26:11,439 --> 01:26:13,599
Speaker 19: I think it's going to be very very interesting times

1712
01:26:13,600 --> 01:26:15,479
Speaker 19: to watch what's going on, and it's going to be

1713
01:26:15,520 --> 01:26:19,040
Speaker 19: difficult to navigate how in terms of in terms of

1714
01:26:19,120 --> 01:26:23,640
Speaker 19: how you think about these various developments. But you know, nonetheless,

1715
01:26:23,680 --> 01:26:25,920
Speaker 19: I think I think, obviously it's what's happening, so we

1716
01:26:25,960 --> 01:26:27,680
Speaker 19: need to keep that in mind, and I think, as

1717
01:26:27,720 --> 01:26:29,320
Speaker 19: I say, we need to watch out for what happens

1718
01:26:29,360 --> 01:26:31,439
Speaker 19: in terms of policy developments, not just in the US

1719
01:26:31,479 --> 01:26:35,920
Speaker 19: of course, but what the retaliation is from other countries

1720
01:26:35,960 --> 01:26:37,280
Speaker 19: and particularly in Asia.

1721
01:26:37,439 --> 01:26:39,160
Speaker 2: Nice one, Paul, thank you very much for that. Enjoy

1722
01:26:39,200 --> 01:26:40,960
Speaker 2: the award. Did you get a trophy or something for

1723
01:26:41,040 --> 01:26:42,439
Speaker 2: that or just a nod in the paper?

1724
01:26:43,320 --> 01:26:44,280
Speaker 19: Just a nod in the paper.

1725
01:26:44,320 --> 01:26:48,520
Speaker 2: That's enough, Thanks Paul. Thanks for that. Paul blockxam with HSBC.

1726
01:26:49,040 --> 01:26:49,200
Speaker 27: Now.

1727
01:26:49,240 --> 01:26:51,559
Speaker 2: The reason we call them the rock star economists. You'll

1728
01:26:51,600 --> 01:26:54,200
Speaker 2: probably know this, but back in the day when John

1729
01:26:54,280 --> 01:26:56,720
Speaker 2: Key was in power, he declared that we have the

1730
01:26:56,800 --> 01:27:00,840
Speaker 2: rock star economy of the world. Has since done many,

1731
01:27:00,880 --> 01:27:02,800
Speaker 2: many interviews and every time he comes back for an interview,

1732
01:27:02,840 --> 01:27:04,439
Speaker 2: the poor guy. We used to do it on Telly

1733
01:27:04,439 --> 01:27:06,639
Speaker 2: as well, So what is it? What's your new label

1734
01:27:06,680 --> 01:27:08,479
Speaker 2: for our economy? And he have to come up with

1735
01:27:08,560 --> 01:27:11,800
Speaker 2: some stupid name just just to try and compete with

1736
01:27:11,880 --> 01:27:14,559
Speaker 2: the first one he gave. By the way, they've never

1737
01:27:14,560 --> 01:27:17,400
Speaker 2: been as good since, have they. It's just gone twenty

1738
01:27:17,439 --> 01:27:21,840
Speaker 2: away from seven on News Talk CB. What's happening in

1739
01:27:21,880 --> 01:27:25,680
Speaker 2: the UK is fascinating. You've got reforms, so you've got

1740
01:27:25,680 --> 01:27:28,840
Speaker 2: your two big traditional legacy parties for want of a

1741
01:27:28,840 --> 01:27:31,760
Speaker 2: better term, and then you've got your reform party. Now

1742
01:27:31,840 --> 01:27:35,120
Speaker 2: Labour's only just been voted into power over in the UK.

1743
01:27:35,600 --> 01:27:41,800
Speaker 2: They've been in governments since June July last year, and

1744
01:27:41,960 --> 01:27:47,800
Speaker 2: already you've got this third runner, Reform overtaking labor in

1745
01:27:47,880 --> 01:27:49,719
Speaker 2: the polls. We're going to talk to Ende Brady about

1746
01:27:49,720 --> 01:27:50,120
Speaker 2: that next.

1747
01:27:50,360 --> 01:27:54,519
Speaker 1: Whether it's macro micro or just playing economics. It's all

1748
01:27:54,560 --> 01:27:59,600
Speaker 1: on the Business Hours with Ryan Bridge Cans Insurance and Investments,

1749
01:28:00,240 --> 01:28:01,519
Speaker 1: Your Wealth, Protect Your.

1750
01:28:01,400 --> 01:28:06,320
Speaker 2: Future, seventeen to seven on News Talk SAB. I'll tell

1751
01:28:06,360 --> 01:28:08,760
Speaker 2: you about Greenland, what's going on there. Obviously they're worried

1752
01:28:08,760 --> 01:28:11,200
Speaker 2: about Trump taking over, so they are taking some action

1753
01:28:11,400 --> 01:28:14,479
Speaker 2: in their country. We'll get to that shortly. Also, all

1754
01:28:14,520 --> 01:28:17,439
Speaker 2: of the protesters from all of the universities in the

1755
01:28:17,680 --> 01:28:22,960
Speaker 2: US who were going about Gaza, the pro Palestine versus

1756
01:28:23,040 --> 01:28:27,160
Speaker 2: the Jewish side. He's taking action on that too, So

1757
01:28:27,200 --> 01:28:29,240
Speaker 2: we'll talk about that a little bit later on. Right now, though,

1758
01:28:29,240 --> 01:28:31,479
Speaker 2: we're going to the UK. Ind Brady is our UK

1759
01:28:31,560 --> 01:28:32,920
Speaker 2: correspondent into Good evening.

1760
01:28:33,720 --> 01:28:35,360
Speaker 25: Hello, Ryan, lovely to speak to you again.

1761
01:28:35,479 --> 01:28:36,280
Speaker 2: Great to speak to you.

1762
01:28:36,439 --> 01:28:36,679
Speaker 4: Now.

1763
01:28:36,920 --> 01:28:40,320
Speaker 2: Nigel Farage and his crew, the Reform Party, they have

1764
01:28:40,479 --> 01:28:44,280
Speaker 2: managed to top a national poll for the first time.

1765
01:28:45,439 --> 01:28:49,040
Speaker 25: They have and this is very very significant because they're

1766
01:28:49,040 --> 01:28:51,200
Speaker 25: not really up and running that long. They've only got

1767
01:28:51,240 --> 01:28:55,080
Speaker 25: fave MP's it's basically Farage and four other blogs. They're

1768
01:28:55,080 --> 01:28:58,559
Speaker 25: all middle aged men mostly, and you know they're new

1769
01:28:58,640 --> 01:29:01,280
Speaker 25: on the scene and they have really really set the

1770
01:29:01,320 --> 01:29:04,599
Speaker 25: cat amongst the pigeons here this morning. So up until now,

1771
01:29:05,240 --> 01:29:08,600
Speaker 25: Reformers seen as a threat to the Conservatives. It's a

1772
01:29:08,680 --> 01:29:11,600
Speaker 25: right leaning party, they have right wing policies and the

1773
01:29:11,640 --> 01:29:14,880
Speaker 25: feeling politically was that the people they would be taking

1774
01:29:14,960 --> 01:29:19,200
Speaker 25: votes from would be the Conservatives. And now nationwide they're

1775
01:29:19,280 --> 01:29:23,839
Speaker 25: one percentage point clear of Caer Starmer's labor. So Reformer currently,

1776
01:29:23,880 --> 01:29:27,320
Speaker 25: if disposed to be believed on twenty five percent, labor,

1777
01:29:27,400 --> 01:29:30,479
Speaker 25: are on twenty four and the Conservatives have collapsed to

1778
01:29:30,520 --> 01:29:34,439
Speaker 25: twenty one percent. So Foraj has a spring in his step.

1779
01:29:34,840 --> 01:29:37,280
Speaker 25: He has already made it quite clear that in four

1780
01:29:37,360 --> 01:29:39,960
Speaker 25: years time he wants to be strong enough to run

1781
01:29:40,040 --> 01:29:44,559
Speaker 25: for prime minister. So they've certainly got the money, they've

1782
01:29:44,600 --> 01:29:47,519
Speaker 25: got the publicity they always get in the newspapers and

1783
01:29:47,560 --> 01:29:50,519
Speaker 25: on radio and TV. But I think what they need

1784
01:29:50,560 --> 01:29:53,000
Speaker 25: to do now is start finding candidates. You know, they

1785
01:29:53,040 --> 01:29:55,400
Speaker 25: need to be in a position where they will have

1786
01:29:55,760 --> 01:30:00,200
Speaker 25: not just dozens of people in constituency one hundreds nationwide

1787
01:30:00,240 --> 01:30:00,799
Speaker 25: if they're.

1788
01:30:00,640 --> 01:30:01,320
Speaker 4: To be serious.

1789
01:30:01,360 --> 01:30:04,280
Speaker 25: But right now I would imagine Keir Starmer is very

1790
01:30:04,320 --> 01:30:07,320
Speaker 25: concerned because clearly this is an indictment on his first

1791
01:30:07,320 --> 01:30:09,680
Speaker 25: seven or eight months in office and his policies.

1792
01:30:10,680 --> 01:30:14,120
Speaker 2: Two questions, is the pole legit and could we see

1793
01:30:14,200 --> 01:30:18,000
Speaker 2: Conservatives start to change their allegiances.

1794
01:30:19,479 --> 01:30:22,719
Speaker 25: The poll certainly is being taken seriously. All the major

1795
01:30:22,800 --> 01:30:25,519
Speaker 25: news outlets are carrying it, so it is legit. But look,

1796
01:30:25,560 --> 01:30:29,120
Speaker 25: we're four years out from another election, so the polls

1797
01:30:29,160 --> 01:30:31,479
Speaker 25: come and go. Let's see how people feel in four

1798
01:30:31,560 --> 01:30:36,360
Speaker 25: years time Conservatives. I think people will start leaning towards

1799
01:30:36,439 --> 01:30:41,200
Speaker 25: Forage because there's no great love for this new Conservative leader,

1800
01:30:41,280 --> 01:30:44,000
Speaker 25: Kenny Badenock. She's taking her time to bed in and

1801
01:30:44,439 --> 01:30:47,960
Speaker 25: make her points and I'm just not sure she will

1802
01:30:47,960 --> 01:30:51,160
Speaker 25: be around them four years time. Forage is adamant he

1803
01:30:51,240 --> 01:30:54,800
Speaker 25: will be, but it's I think the problem today is

1804
01:30:54,840 --> 01:30:58,240
Speaker 25: for Keer Starmer that if these reform figures are to

1805
01:30:58,240 --> 01:31:02,200
Speaker 25: be believed, he's eat into Labor Heartland's support in the

1806
01:31:02,200 --> 01:31:05,920
Speaker 25: North of England, which and the particularly amongst the working class.

1807
01:31:06,000 --> 01:31:08,920
Speaker 25: Labor has always prided itself on being a party of

1808
01:31:08,920 --> 01:31:13,760
Speaker 25: the working class, and Forage privately educated former hedge fund

1809
01:31:13,800 --> 01:31:18,000
Speaker 25: manager and stockbroker, you know, forarage, and yet he's able

1810
01:31:18,080 --> 01:31:22,160
Speaker 25: to punch through and talk to working class people. It's fascinating.

1811
01:31:22,160 --> 01:31:22,800
Speaker 25: What's going on.

1812
01:31:23,400 --> 01:31:27,400
Speaker 2: Sam Kerr, the Yussie footballer, expected to give evidence later today.

1813
01:31:27,479 --> 01:31:28,719
Speaker 2: What's happening in court?

1814
01:31:29,760 --> 01:31:31,920
Speaker 25: So this would be a big day for Sam Kerr

1815
01:31:31,920 --> 01:31:35,360
Speaker 25: in this trial. It's scheduled to last four days. Today's

1816
01:31:35,439 --> 01:31:38,479
Speaker 25: day two and she will be giving evidence in her defense.

1817
01:31:38,600 --> 01:31:38,800
Speaker 8: Now.

1818
01:31:39,200 --> 01:31:42,479
Speaker 25: The trial got underway yesterday kings to the Pontames Crown Court.

1819
01:31:42,800 --> 01:31:45,639
Speaker 25: It goes back two years end of January. Two years ago,

1820
01:31:45,840 --> 01:31:48,000
Speaker 25: she was on a night out with her partner who

1821
01:31:48,000 --> 01:31:51,800
Speaker 25: plays soccer for the United States. Alcohol was consumed and

1822
01:31:51,840 --> 01:31:54,120
Speaker 25: there was an incident in a taxi where the taxi

1823
01:31:54,200 --> 01:31:57,679
Speaker 25: driver claimed his window had been damaged. He then rang

1824
01:31:57,720 --> 01:32:00,280
Speaker 25: the police and the police said, okay, don't drop them

1825
01:32:00,320 --> 01:32:03,479
Speaker 25: to their address, come to the police station. And at

1826
01:32:03,479 --> 01:32:07,640
Speaker 25: that point stepped forward PC Stephen Lovell. He said in

1827
01:32:07,680 --> 01:32:11,439
Speaker 25: court that he witnessed car crawling through the rear window,

1828
01:32:11,600 --> 01:32:13,960
Speaker 25: getting out with the taxi via the rear window which

1829
01:32:14,040 --> 01:32:17,800
Speaker 25: was broken. He takes her into the police station. All

1830
01:32:17,840 --> 01:32:20,400
Speaker 25: of this is on body cam about thirty minutes of

1831
01:32:20,400 --> 01:32:22,840
Speaker 25: body camera footage was shown to the court. Now the

1832
01:32:22,880 --> 01:32:27,120
Speaker 25: criminal damage arrest was sorted out on site because she

1833
01:32:27,320 --> 01:32:29,600
Speaker 25: agreed to pay for the damage to the window, the

1834
01:32:29,640 --> 01:32:32,720
Speaker 25: taxi driver claiming that she had actually shown him her

1835
01:32:32,760 --> 01:32:35,439
Speaker 25: bank balance to prove that she had enough money, and

1836
01:32:35,520 --> 01:32:37,680
Speaker 25: the taxi driver claiming that he felt this was done

1837
01:32:37,720 --> 01:32:40,760
Speaker 25: to belittle him, the police officer saying that someone like

1838
01:32:40,840 --> 01:32:43,120
Speaker 25: him would never have seen that much money in his life.

1839
01:32:43,720 --> 01:32:47,160
Speaker 25: So whatever has gone on, she stands account of racially

1840
01:32:47,640 --> 01:32:50,840
Speaker 25: aggravated harassment of a police officer because what she said

1841
01:32:50,880 --> 01:32:54,280
Speaker 25: to PC Levell was that he was quote, I won't

1842
01:32:54,320 --> 01:32:57,559
Speaker 25: use the square word stupid and white, and she said

1843
01:32:57,600 --> 01:33:00,599
Speaker 25: that three times on the bodycam footage that was played

1844
01:33:00,640 --> 01:33:00,960
Speaker 25: the court.

1845
01:33:01,479 --> 01:33:04,599
Speaker 2: Not great luck is that the Princess not Wales hes

1846
01:33:04,720 --> 01:33:07,639
Speaker 2: speaking of great looks, though, Princess of Wales has released

1847
01:33:07,680 --> 01:33:08,200
Speaker 2: a new.

1848
01:33:08,040 --> 01:33:13,280
Speaker 25: Picture yes since her in forest looking radiant sunshine coming

1849
01:33:13,360 --> 01:33:16,839
Speaker 25: down and she has released this to mark World Cancer

1850
01:33:16,960 --> 01:33:20,000
Speaker 25: Day and a lovely twist. The picture was taken by

1851
01:33:20,600 --> 01:33:25,000
Speaker 25: her son. Prince louis everyone's favorite little royal real character

1852
01:33:25,160 --> 01:33:28,960
Speaker 25: and he certainly has his mother's talent for taking pictures

1853
01:33:29,000 --> 01:33:32,040
Speaker 25: because we know she's an accomplished amateur photographer and there

1854
01:33:32,080 --> 01:33:34,559
Speaker 25: is nothing wrong with what Louie has taken off his mum.

1855
01:33:34,800 --> 01:33:37,920
Speaker 25: It's in all of the pic the newspapers today this picture.

1856
01:33:38,040 --> 01:33:40,680
Speaker 25: So good on him and good on her, and I

1857
01:33:40,680 --> 01:33:43,600
Speaker 25: think you know what we're seeing the new generation of

1858
01:33:43,680 --> 01:33:47,120
Speaker 25: royals and how they communicate, and you just think even

1859
01:33:47,439 --> 01:33:50,280
Speaker 25: ten fifteen years ago they were not doing anything like this.

1860
01:33:50,760 --> 01:33:52,920
Speaker 25: Kate really driving the agenda here.

1861
01:33:54,040 --> 01:33:55,360
Speaker 2: In the Thank you so much for that. In the

1862
01:33:55,439 --> 01:33:57,800
Speaker 2: Brady a UK correspondent with us from London. It is

1863
01:33:58,320 --> 01:34:01,320
Speaker 2: living minutes away from si'clock. You're on News Talks dB.

1864
01:34:01,439 --> 01:34:03,719
Speaker 2: When we come back, I'll fill you in on both

1865
01:34:03,720 --> 01:34:07,080
Speaker 2: of those things, both Greenland but also Trump and his

1866
01:34:07,200 --> 01:34:09,599
Speaker 2: cracked down on the universities and well, I guess it's

1867
01:34:09,640 --> 01:34:12,360
Speaker 2: not a crackdown, but it's a response to what happened

1868
01:34:12,400 --> 01:34:15,360
Speaker 2: at the universities over the protests to do with Gaza.

1869
01:34:15,360 --> 01:34:15,880
Speaker 2: That's next.

1870
01:34:16,880 --> 01:34:19,479
Speaker 1: It's the Heather to for See allan Drive full show

1871
01:34:19,560 --> 01:34:23,280
Speaker 1: podcast on iHeartRadio powered by News Talk ZB.

1872
01:34:24,280 --> 01:34:27,040
Speaker 2: Eight to seven on News Talk ZB. The Tobot Mills poll.

1873
01:34:27,160 --> 01:34:29,720
Speaker 2: This has got This is Labour's Polster two, by the way,

1874
01:34:29,760 --> 01:34:32,280
Speaker 2: but it's got Labor on thirty four percent. That's up

1875
01:34:32,320 --> 01:34:37,919
Speaker 2: three percent. National on thirty three, so trailing the Labor Party,

1876
01:34:39,000 --> 01:34:42,640
Speaker 2: a Labor ahead of National by one percent. And then

1877
01:34:42,640 --> 01:34:45,439
Speaker 2: you've got the Greens on twelve unchanged, the Act Party

1878
01:34:45,479 --> 01:34:48,599
Speaker 2: on nine down one, New Zealand first five point two

1879
01:34:48,720 --> 01:34:51,880
Speaker 2: down point six, the Malordi Party on four point six

1880
01:34:51,960 --> 01:34:56,599
Speaker 2: down zero point five. So basically Labor ahead of National,

1881
01:34:57,080 --> 01:34:59,200
Speaker 2: which is the first time that's happened in a long time.

1882
01:34:59,240 --> 01:35:02,000
Speaker 2: In this poll, the Left block able to form a

1883
01:35:02,040 --> 01:35:06,280
Speaker 2: government on their own. Luxen twenty four percent, preferred Prime

1884
01:35:06,280 --> 01:35:10,120
Speaker 2: Minister Hipkins twenty five percent. Now do I think that

1885
01:35:10,160 --> 01:35:12,160
Speaker 2: these numbers would bear out if we actually had a

1886
01:35:12,240 --> 01:35:14,200
Speaker 2: vote and in an election tomorrow now I do not.

1887
01:35:17,120 --> 01:35:21,320
Speaker 2: Also just generally on polls, and we've just been picking

1888
01:35:21,320 --> 01:35:24,160
Speaker 2: the edde Brady out of the UK, that Reform Party

1889
01:35:24,200 --> 01:35:27,080
Speaker 2: outpolling the Labor Party. They just got elected, for goodness sakes.

1890
01:35:27,080 --> 01:35:29,479
Speaker 2: I mean, I've barely been in power a minute and

1891
01:35:29,479 --> 01:35:31,960
Speaker 2: they've been outpolled by a party that's been in existence

1892
01:35:32,040 --> 01:35:36,479
Speaker 2: for about the same time. I just think at the moment,

1893
01:35:36,920 --> 01:35:39,559
Speaker 2: and same goes with Australia you know, Albanize has been

1894
01:35:39,560 --> 01:35:41,360
Speaker 2: in there one term. He's about to get turfed out.

1895
01:35:41,800 --> 01:35:43,680
Speaker 2: I just think at the moment, people are fed up,

1896
01:35:44,040 --> 01:35:47,880
Speaker 2: generally fed up with politicians who were in government because

1897
01:35:47,920 --> 01:35:50,400
Speaker 2: of the cost of living, because of the interest rates,

1898
01:35:50,439 --> 01:35:54,160
Speaker 2: all of those things. And Greenland they are changing their laws.

1899
01:35:54,240 --> 01:35:57,880
Speaker 2: So you know how Trump's threatened, be it tangan cheek whatever,

1900
01:35:58,040 --> 01:36:00,400
Speaker 2: threatened that he might take over Greenland. They are now

1901
01:36:00,479 --> 01:36:03,519
Speaker 2: banning all political donations because they're going to the polls soon,

1902
01:36:03,960 --> 01:36:08,120
Speaker 2: banning all foreign political donations to try and protect it

1903
01:36:08,520 --> 01:36:12,760
Speaker 2: from any influence like Elon Musk or Donald Trump that

1904
01:36:12,840 --> 01:36:14,799
Speaker 2: they might try and have something to do with the elections.

1905
01:36:14,880 --> 01:36:18,519
Speaker 2: It's actually a really interesting case study because then it's

1906
01:36:19,040 --> 01:36:22,760
Speaker 2: owned for one of a better term Denmark Greenlanders, and

1907
01:36:22,800 --> 01:36:28,240
Speaker 2: so you've actually got independent people in Greenland going this

1908
01:36:28,280 --> 01:36:30,400
Speaker 2: is a good thing that Trump wants us because it's

1909
01:36:30,560 --> 01:36:34,400
Speaker 2: leverage that we can use to get concessions out of Denmark.

1910
01:36:34,479 --> 01:36:37,479
Speaker 2: So there's all sorts of political games going on there. Anyway,

1911
01:36:37,520 --> 01:36:40,320
Speaker 2: they've changed their laws so you can no longer donate

1912
01:36:40,400 --> 01:36:44,719
Speaker 2: as a foreigner to any election campaign in Greenland. Thanks Trump.

1913
01:36:46,120 --> 01:36:48,479
Speaker 2: Coming up to seven o'clock on News Talks, theb and

1914
01:36:48,520 --> 01:36:49,799
Speaker 2: It's what are We Going Out to Tonight?

1915
01:36:50,200 --> 01:36:52,400
Speaker 26: Summer of sixty nine by Brian Adams to play us

1916
01:36:52,400 --> 01:36:55,160
Speaker 26: Out tonight. Brian Adams will be taking the stage at

1917
01:36:55,200 --> 01:36:58,360
Speaker 26: Spark Arena in Auckland at nine pm tonight, so not

1918
01:36:58,439 --> 01:37:01,479
Speaker 26: too far away. His support James Arthur, will be taking

1919
01:37:01,479 --> 01:37:03,760
Speaker 26: the stage in about five minutes, assuming things run on time.

1920
01:37:03,800 --> 01:37:05,200
Speaker 26: And I don't think I've ever been to a concert

1921
01:37:05,240 --> 01:37:08,160
Speaker 26: where everything ran on time, but that's when he should

1922
01:37:08,160 --> 01:37:09,760
Speaker 26: be on stage, So get down there really quickly if

1923
01:37:09,760 --> 01:37:12,240
Speaker 26: you've got a ticket. Apparently the two shows these two

1924
01:37:12,280 --> 01:37:15,719
Speaker 26: played in christ Church absolutely went off, so should be good.

1925
01:37:15,840 --> 01:37:19,120
Speaker 2: Brilliant, great day everybody. Thanks for all of your texts

1926
01:37:19,120 --> 01:37:21,760
Speaker 2: and your emails, really appreciate it. We'll do it all

1927
01:37:21,800 --> 01:37:24,520
Speaker 2: again tomorrow from four here on Newspork.

1928
01:37:24,160 --> 01:38:14,519
Speaker 28: Kid People and now dot s you.

1929
01:38:14,720 --> 01:38:21,120
Speaker 17: Get things talent down, chances say that using.

1930
01:38:21,840 --> 01:38:45,360
Speaker 28: That's a mother one bothers Sola a cold Yeah.

1931
01:38:47,200 --> 01:39:36,320
Speaker 1: Back for more from Hither Duplessy Allen Drive. Listen live

1932
01:39:36,439 --> 01:39:39,280
Speaker 1: to News Talks it'd be from four pm weekdays, or

1933
01:39:39,360 --> 01:39:41,400
Speaker 1: follow the podcast on iHeartRadio.