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Speaker 1: Kevin Gray are UK correspondence here, Hey Kevin either have

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Speaker 1: now do you reckon Macron's going to survive this?

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Speaker 2: Well, it's going to be an interesting few days for him.

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Speaker 2: I mean, the French can't hold another election until July.

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Speaker 2: That's because there has to be a minimum of a

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Speaker 2: one year change, a one year delay between the elections.

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Speaker 2: And I have to say, when he called it, he

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Speaker 2: thought he was going to strengthen his hand this snap election.

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Speaker 2: Instead voters went the other way. There are now three

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Speaker 2: equal blocks or pretty much equal in Parliament, meaning he

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Speaker 2: can't really get anything done because they won't agree with

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Speaker 2: one another. The Prime minister resigned this week, the shortest

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Speaker 2: term for any prime minister in the Fifth Republic, and

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Speaker 2: then last night Emmanuel Macron on television saying that people

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Speaker 2: were playing politics. He was going to put in a

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Speaker 2: new prime minister in the next few days. But it's

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Speaker 2: looking very bad for France. The stock markets, the investors

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Speaker 2: don't like it, the financiers don't like it, and looking

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Speaker 2: bad for Emmanual Macron. Can he really weather the storm

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Speaker 2: to see it through to the end of his turn?

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Speaker 1: If he doesn't wither it, what does it look like

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Speaker 1: for him if it goes really badly for here.

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Speaker 2: Yeah, I mean, well, I think chaos really is the

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Speaker 2: thing because the country has twice the deficit permitted by

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Speaker 2: the European Union. Double the deficit. Now, when the UK

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Speaker 2: went over that deficit limit, I think I'm right in

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Speaker 2: saying we were fined very heavily, and yet somehow France

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Speaker 2: double the deficit. It needs to tackle it. It needs

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Speaker 2: to raise taxes, it needs to cut spending, neither of

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Speaker 2: which would be popular, but things that other countries have

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Speaker 2: had to do or been forced on them by the

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Speaker 2: European Union. I'm not saying that'll happen here, but something

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Speaker 2: needs to change, and change fast, because France's economy is

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Speaker 2: heading in the wrong direction. Yeah.

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Speaker 1: Very interesting. Hey, so why is the keche us going

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Speaker 1: up in the UK?

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Speaker 2: Yeah? I think it's predominantly a thing that many people

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Speaker 2: are struggling with the new technology. And we've had the

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Speaker 2: loss of a lot of banks here and that is

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Speaker 2: le I think to with thousands of bank closures. I

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Speaker 2: mean in small towns and villages, but in cities too,

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Speaker 2: and that's led to many olderly people or those without

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Speaker 2: very good technology or digital skills really being isolated in

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Speaker 2: that they feel they can't sort of move their money

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Speaker 2: around as they wanted to. And one good reason that

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Speaker 2: cash is being used is it helps people budget better.

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Speaker 2: And so here in the UK, for the second consecutive

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Speaker 2: year in a row, we've seen the number of cash

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Speaker 2: transactions in shops increase and that yes, the previous decades

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Speaker 2: showed a steep fall, but cash is now used in

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Speaker 2: about one in five transactions in a shop. The amount

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Speaker 2: has slightly gone down. It kind of wrestles around that

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Speaker 2: fifty New Zealand dollar mark is the average spend per transaction,

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Speaker 2: but certainly it does seem to be gaining a bit

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Speaker 2: of traction. There are, however, many places now that are

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Speaker 2: non cash so card only, and that's something that many

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Speaker 2: people say, you know, completely alls out some customers going

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Speaker 2: in them.

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Speaker 1: Do you think it actually helps you budget better?

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Speaker 2: Well, you know, it doesn't make much difference for me,

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Speaker 2: but I do like spending in cash and I do

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Speaker 2: actually find as well and sometimes you get a better deal.

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Speaker 2: So obviously depends what you're buying and depends where you are.

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Speaker 1: A Dealgevin, are you guys there's still under the table

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Speaker 1: jobby there.

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Speaker 2: Who said that no no, no, I just think that,

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Speaker 2: you know, some of the stores look at you absolutely ghast.

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Speaker 2: I was in one the other day. I got out

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Speaker 2: of twenty pound note roughly forty five New Zealand dollars.

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Speaker 2: The person looked at me like I was from Mars,

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Speaker 2: and I said, you have to accept this. This is

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Speaker 2: legal tender.

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Speaker 1: Yeah. It's a very good point, Gavin, look after yourself.

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Speaker 1: Thank you so much. I really appreciate it. Devin gray

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Speaker 1: owre Uk correspondence.

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