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Speaker 1: Heather Dupleicy, Ellen Hither, this is ridiculous.

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Speaker 2: We do not need a tool for the gender pay gap.

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Speaker 2: There is something called excel. We have ninety seven staff

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Speaker 2: and our HR does this simply on excel.

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Speaker 1: I mean, let's be honest about it, right. What this

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Speaker 1: is is procrastinating, isn't it. It's I mean, what National

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Speaker 1: is doing is they're going, hey, look, we're doing something

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Speaker 1: about the gender pay gap while doing absolutely nothing by

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Speaker 1: buying time, which isn't great because what they're doing is

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Speaker 1: they're wasting the time of the people at the Ministry

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Speaker 1: of Women. And if the people at the Ministry of

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Speaker 1: Women have the time to dawdle like this, fire the

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Speaker 1: lot of them, Fire a lot of them, and stop

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Speaker 1: the virtue signaling. That's what's going on.

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Speaker 2: Nineteen past six, the Fitch Ratings Agency is mulling over

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Speaker 2: the state of New Zealand's economy, like I told you,

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Speaker 2: potentially thinking about a ratings downgrade. Liam dan is The

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Speaker 2: Herald's Business editor at large.

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Speaker 1: And with us.

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Speaker 2: Now, hey, liamhi, what do you reckon our odds on

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Speaker 2: for a downgrade or not odds.

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Speaker 3: Or probably it's a great yarn from Deleeper Fonseca. It

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Speaker 3: does this desk and he's to the guy at Fitch,

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Speaker 3: and yes, they are. They are bit concerned when they

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Speaker 3: do their analysis because you know, everything's got a bit

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Speaker 3: worse and they're worried that the debt's going to be

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Speaker 3: higher and we're going to be in depers for longer.

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Speaker 3: So you know, it does put a bit of pressure

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Speaker 3: on the argument for those tax cuts given the conditions

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Speaker 3: we're in. Sort of, but I look at looking through it,

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Speaker 3: he's kind of saying, well, you know, they don't give

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Speaker 3: anything away about the stuff, but that it puts us

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Speaker 3: on the wrong side of the of the median for

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Speaker 3: double A rating, so that that's not necessarily you know,

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Speaker 3: being bad enough to be downgraded. You know, we're doing

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Speaker 3: a lot of reading between the lines. That is a

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Speaker 3: bit of a warning and it's you know, look at

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Speaker 3: those ratings are one of the few things that have

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Speaker 3: got people have people like me going, well, the things

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Speaker 3: aren't so bad. You know, we've still got our double

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Speaker 3: A plus rating actually, so we're the second best rating

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Speaker 3: you can get for credit around the world. We're not

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Speaker 3: quite true ballet like Australia, but we're you know, we're

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Speaker 3: sitting next to some other nations like the US and Taiwan,

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Speaker 3: and it's not a bad place to be. And of

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Speaker 3: course if the rating gets worse, then we have to

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Speaker 3: pay more for our foreign borrowing and that would potentially

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Speaker 3: put our interest rates up.

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Speaker 2: So tell you what worried me in this lamb was

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Speaker 2: the fact that they think the good times are behind us,

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Speaker 2: Like the last ten years were great, the next ten

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Speaker 2: years not so great unless we can find a way

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Speaker 2: to make heaps more money out of other places, not

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Speaker 2: just China.

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Speaker 3: Right, Yeah, that was that was That was a worrying

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Speaker 3: But I mean, you can sort of talk about the

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Speaker 3: cycle we're in and the you know, when we get

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Speaker 3: out of deficit lightpst of stuff. But there was some

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Speaker 3: serious discussion there about the fact that the drivers of

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Speaker 3: the good times, I guess China and tourism boom and

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Speaker 3: dairy boom are sort of petering out, you know, and

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Speaker 3: that we need to find something else to charge our economy.

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Speaker 3: And you know, Crystal re Luxe and co. Talked about this,

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Speaker 3: and they know that they've got to get something going

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Speaker 3: with a bit more foreign direct investment and technology and

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Speaker 3: all those good things. But it's you know, one thing

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Speaker 3: to talk about. It's nothing to get it going. I

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Speaker 3: suppose China, we might, you know, might rebalance our relationship

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Speaker 3: there and get something out of this latest visit, but yeah,

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Speaker 3: who knows.

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Speaker 2: Fingers crossed, I'll take anything, Liam. Thank you, Liam Dan,

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Speaker 2: the Herald's Business editor at large.

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Speaker 1: For more from Heather Duplessy Alan Drive, listen live to

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Speaker 1: news Talks'd Be from four pm weekdays, or follow the

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