1
00:00:00,040 --> 00:00:03,560
Speaker 1: Devin Gray, UK correspondents with US. Now, Hey, Gevin, Hi,

2
00:00:04,080 --> 00:00:05,680
Speaker 1: how have you guys managed to end up with only

3
00:00:05,680 --> 00:00:06,960
Speaker 1: a twenty five percent tariff?

4
00:00:08,480 --> 00:00:11,760
Speaker 2: Yeah, that's an interesting one, isn't it. So Donald Trump

5
00:00:11,840 --> 00:00:15,520
Speaker 2: announcing overnight our time, the last few hours really that

6
00:00:15,840 --> 00:00:18,079
Speaker 2: the UK will not have to pay the doubling of

7
00:00:18,120 --> 00:00:21,320
Speaker 2: the steel and aluminium tariff from twenty five to fifty percent.

8
00:00:21,880 --> 00:00:24,239
Speaker 2: Good question as to why we've been singled out. I

9
00:00:24,239 --> 00:00:28,160
Speaker 2: think it's all really part of this ongoing semi trade

10
00:00:28,160 --> 00:00:31,920
Speaker 2: deal which was announced of course last month. But many

11
00:00:31,920 --> 00:00:34,199
Speaker 2: are saying, well, let you know, we really need to

12
00:00:34,200 --> 00:00:36,040
Speaker 2: crack on and do more, because that was just a

13
00:00:36,080 --> 00:00:40,239
Speaker 2: skeleton of a sort of massive trade deal. But America

14
00:00:40,320 --> 00:00:43,639
Speaker 2: is the destination for about seven percent of steel exports

15
00:00:43,680 --> 00:00:46,400
Speaker 2: from the UK, so those tariffs would have had a

16
00:00:46,400 --> 00:00:49,440
Speaker 2: big impact on what is a very very fragile industry

17
00:00:49,440 --> 00:00:53,599
Speaker 2: here in the UK. Just earlier this year, the governments

18
00:00:53,600 --> 00:00:56,480
Speaker 2: had to step in to rescue UK Steel, take it

19
00:00:56,520 --> 00:01:00,240
Speaker 2: over from a Chinese giant because they feared it was

20
00:01:00,280 --> 00:01:02,760
Speaker 2: being run into the ground in that no more raw

21
00:01:02,840 --> 00:01:05,319
Speaker 2: materials were being ordered and they were simply going to

22
00:01:05,400 --> 00:01:09,000
Speaker 2: let the blast furnaces go out and they're extremely difficult

23
00:01:09,080 --> 00:01:12,480
Speaker 2: to restart. So this is good news for that, I suppose.

24
00:01:12,520 --> 00:01:14,760
Speaker 2: But the levee still remains at twenty five percent for

25
00:01:15,360 --> 00:01:19,040
Speaker 2: UK steel and some will think, well, that's great, Donald

26
00:01:19,040 --> 00:01:21,160
Speaker 2: Trump done us a bit of a favor. Others will think, well,

27
00:01:21,200 --> 00:01:23,400
Speaker 2: hang on a minute, because we've still got this twenty

28
00:01:23,400 --> 00:01:26,640
Speaker 2: five percent tariff. So although the US is the biggest

29
00:01:26,680 --> 00:01:30,039
Speaker 2: important steel in the world after the European Union, it

30
00:01:30,160 --> 00:01:33,360
Speaker 2: certainly is trying to get that steel industry back in

31
00:01:33,400 --> 00:01:35,959
Speaker 2: its own country into a firmer hold.

32
00:01:36,240 --> 00:01:38,600
Speaker 1: Yeah, totally. Hey, listen, run me through what is going

33
00:01:38,640 --> 00:01:40,680
Speaker 1: on here with the former Chelsea Football Club owner.

34
00:01:42,040 --> 00:01:45,880
Speaker 2: Yes, so Romana Bramobitch was subject to sanctions here in

35
00:01:45,920 --> 00:01:50,280
Speaker 2: the UK following Russian invasion of Ukraine back in twenty

36
00:01:50,400 --> 00:01:53,840
Speaker 2: twenty two, so it was agreed that when he wanted

37
00:01:53,880 --> 00:01:58,320
Speaker 2: to sell Chelsea Football Club he would not personally benefit

38
00:01:58,480 --> 00:02:02,400
Speaker 2: from the fee. Fee is roughly five and a half

39
00:02:02,720 --> 00:02:06,360
Speaker 2: billion New Zealand dollars, so it's a big amount of money.

40
00:02:06,400 --> 00:02:10,000
Speaker 2: But since the sale it has sat frozen in a

41
00:02:10,040 --> 00:02:13,280
Speaker 2: bank account, and that is because at the time of

42
00:02:13,320 --> 00:02:16,720
Speaker 2: the sale it was agreed by the British government that

43
00:02:16,800 --> 00:02:21,400
Speaker 2: the money would go to humanitarian aid, and what the

44
00:02:21,400 --> 00:02:24,640
Speaker 2: British government was assuming was that that would go to

45
00:02:24,760 --> 00:02:29,720
Speaker 2: those in Ukraine. What the oligarch and billionaire Roman Abramovich

46
00:02:29,800 --> 00:02:32,480
Speaker 2: is saying is I think it should go actually to

47
00:02:33,000 --> 00:02:37,080
Speaker 2: all of the victims of the war in Ukraine, in

48
00:02:37,120 --> 00:02:40,200
Speaker 2: other words Russian as well, and that has led to

49
00:02:40,240 --> 00:02:44,359
Speaker 2: this massive impasse and standoff between the two sides. Some

50
00:02:44,440 --> 00:02:46,560
Speaker 2: are saying of our British government, where you were in

51
00:02:46,680 --> 00:02:49,600
Speaker 2: charge of the sanctions, you were in charge of this agreement,

52
00:02:49,840 --> 00:02:52,480
Speaker 2: how come it wasn't absolutely nailed on that it had

53
00:02:52,520 --> 00:02:56,600
Speaker 2: to go to people in Ukraine, rather than now the

54
00:02:56,639 --> 00:02:58,640
Speaker 2: oligarch being able to turn around and say, well, I know,

55
00:02:58,680 --> 00:03:00,520
Speaker 2: I always say it all along, it was to go

56
00:03:00,600 --> 00:03:04,440
Speaker 2: to all victims of the war in Ukraine. And it's

57
00:03:04,480 --> 00:03:06,560
Speaker 2: all a bit of a mess. And indeed the House

58
00:03:06,560 --> 00:03:10,720
Speaker 2: of Lord's Committee described it as incomprehensible that this promise

59
00:03:10,880 --> 00:03:14,520
Speaker 2: to use funds to support Ukraine remain unfulfilled and the

60
00:03:14,560 --> 00:03:21,160
Speaker 2: assets remain frozen to this Daykevin.

61
00:03:19,160 --> 00:03:21,280
Speaker 1: This amount of money that you people need to retire

62
00:03:21,320 --> 00:03:24,600
Speaker 1: comfortably seems to me extraordinary. It's like sixty thousand pounds

63
00:03:24,600 --> 00:03:26,840
Speaker 1: which is about one hundred and forty thousand New Zealand dollars.

64
00:03:26,840 --> 00:03:29,000
Speaker 1: That's huge, isn't it annually?

65
00:03:29,160 --> 00:03:32,200
Speaker 2: Yes it is. Yes. This is a look at what

66
00:03:32,320 --> 00:03:37,160
Speaker 2: a couple might need for retirement. It says there should

67
00:03:37,200 --> 00:03:40,680
Speaker 2: be a minimum of roughly fifty thousand New Zealand dollars

68
00:03:40,720 --> 00:03:44,040
Speaker 2: a year. But for comfortable retirement, yeah, they're saying that's

69
00:03:44,040 --> 00:03:46,560
Speaker 2: sort of one hundred and thirty thousand New Zealand dollars

70
00:03:46,600 --> 00:03:49,320
Speaker 2: a year. Looking at the figures to break down, they're

71
00:03:49,360 --> 00:03:53,360
Speaker 2: saying money to maintain a property roughly one two hundred

72
00:03:53,400 --> 00:03:57,440
Speaker 2: New Zealand dollars a year. They're saying groceries just under

73
00:03:57,480 --> 00:04:01,840
Speaker 2: the three hundred dollars a week mark, running a three

74
00:04:01,920 --> 00:04:04,760
Speaker 2: year old small car, replacing it every five years, and

75
00:04:04,800 --> 00:04:08,400
Speaker 2: some money to spend on taxis and railfares. They're also

76
00:04:08,440 --> 00:04:12,960
Speaker 2: saying one holiday abroad and long weekends in the UK

77
00:04:13,160 --> 00:04:16,920
Speaker 2: adds up and they're saying roughly three and three two

78
00:04:17,080 --> 00:04:20,920
Speaker 2: hundred dollars on clothing and shoes. That's for a couple. Now,

79
00:04:20,920 --> 00:04:23,359
Speaker 2: it gets slightly easier if you're a single person, but

80
00:04:23,400 --> 00:04:26,280
Speaker 2: of course you've only got one pension part In theory

81
00:04:27,160 --> 00:04:30,799
Speaker 2: with the about what we are about ninety eight thousand

82
00:04:31,120 --> 00:04:34,120
Speaker 2: New Zealand dollars a year to be comfortable, and a

83
00:04:34,160 --> 00:04:37,320
Speaker 2: minimum of some twenty eight thousand New Zealand dollars a year.

84
00:04:37,440 --> 00:04:40,599
Speaker 2: I have to say that this idea of only spending,

85
00:04:41,240 --> 00:04:44,400
Speaker 2: you know, a bit on groceries and a bit here

86
00:04:44,400 --> 00:04:46,960
Speaker 2: and a bit there. I went shopping yesterday and I

87
00:04:47,040 --> 00:04:51,960
Speaker 2: pretty much spent that whole week's allowance and more in

88
00:04:52,040 --> 00:04:55,599
Speaker 2: one go. Food shopping has become very very expensive here,

89
00:04:55,640 --> 00:04:58,880
Speaker 2: So I'm worried about these figures.

90
00:04:59,279 --> 00:05:02,839
Speaker 1: Jesus even more the GVIN thanks very much appreciated. For

91
00:05:02,960 --> 00:05:05,000
Speaker 1: more from Hither Duplessy Allen Drive.

92
00:05:05,160 --> 00:05:08,520
Speaker 2: Listen live to news talks. It'd be from four pm weekdays,

93
00:05:08,680 --> 00:05:10,880
Speaker 2: or follow the podcast on iHeartRadio