1 00:00:00,040 --> 00:00:02,040 Speaker 1: Being a Monday morning Crystal reluctions with us. Very good 2 00:00:02,040 --> 00:00:06,000 Speaker 1: morning to you with you the NCEEA announcement is coming 3 00:00:06,080 --> 00:00:08,440 Speaker 1: when because the media seem to have been building up 4 00:00:08,640 --> 00:00:10,119 Speaker 1: like this is going to the waters are going to 5 00:00:10,119 --> 00:00:11,760 Speaker 1: part in, something amazing is going to happen. 6 00:00:11,840 --> 00:00:13,480 Speaker 2: So when is it being announced. It's coming out in 7 00:00:13,480 --> 00:00:14,880 Speaker 2: the next few hours. Eric and I are going to 8 00:00:14,920 --> 00:00:17,240 Speaker 2: make an announcement here in Auckland. It'll be quite massive. 9 00:00:17,760 --> 00:00:19,680 Speaker 2: But as you and I've talked before, it's just not 10 00:00:19,760 --> 00:00:22,880 Speaker 2: working for parents, teachers and principles. We need to get 11 00:00:22,880 --> 00:00:25,479 Speaker 2: back to teaching our kids and basics, and we also 12 00:00:25,560 --> 00:00:29,080 Speaker 2: need to set up a qualification frankly that's globally competitive 13 00:00:29,600 --> 00:00:31,800 Speaker 2: and actually more importantly educates our kids so we can 14 00:00:31,840 --> 00:00:34,879 Speaker 2: access higher paying jobs. So yeah, the next few hours. 15 00:00:35,080 --> 00:00:37,960 Speaker 1: Is it prescriptive the announcement. 16 00:00:37,520 --> 00:00:39,519 Speaker 2: Well, we want to make sure that there's a focus 17 00:00:39,560 --> 00:00:42,440 Speaker 2: on some core subjects, you know, like as we've said, 18 00:00:42,560 --> 00:00:44,519 Speaker 2: you know, going into high school, we've got challenges with 19 00:00:44,560 --> 00:00:46,760 Speaker 2: New Zealand students not being where they need to be 20 00:00:47,000 --> 00:00:50,440 Speaker 2: on reading, literacy and numeracy. We've put a big focus 21 00:00:50,440 --> 00:00:52,800 Speaker 2: on that as you've seen in the primary and intermediate 22 00:00:52,840 --> 00:00:55,400 Speaker 2: school sector as we go forward from here, you know, 23 00:00:55,480 --> 00:00:58,279 Speaker 2: want to make sure that we can't have what we've had, 24 00:00:58,320 --> 00:01:01,080 Speaker 2: which is sort of an assemblage of you know, tasked 25 00:01:01,120 --> 00:01:03,400 Speaker 2: to get credits for a degree and then still not 26 00:01:03,840 --> 00:01:06,000 Speaker 2: a qualification, and then not have our kids set up 27 00:01:06,000 --> 00:01:07,240 Speaker 2: to do the basics really well. 28 00:01:07,319 --> 00:01:10,039 Speaker 1: So when does it just like the next few hours, 29 00:01:10,120 --> 00:01:11,640 Speaker 1: when does it start in the classroom? 30 00:01:11,680 --> 00:01:13,440 Speaker 2: Weill and ounce all of that in the next few hours. 31 00:01:13,520 --> 00:01:15,319 Speaker 1: Okay, so you're going to go out to a consultation. 32 00:01:15,400 --> 00:01:17,640 Speaker 1: Are you open to consultation? Is it just like, well, well. 33 00:01:17,520 --> 00:01:19,360 Speaker 2: We want to hear the views, but we're pretty clear 34 00:01:19,400 --> 00:01:23,200 Speaker 2: about the direction of travel and fairness, you know, principles. Teachers, 35 00:01:23,280 --> 00:01:26,480 Speaker 2: parents have fed through a lot of you know, positions 36 00:01:26,480 --> 00:01:27,600 Speaker 2: that have actually led us to this point. 37 00:01:27,640 --> 00:01:30,640 Speaker 1: Anyway, Okay, the here and now fifteen percent. You've said 38 00:01:30,680 --> 00:01:33,080 Speaker 1: on the show a number of times, we don't want 39 00:01:33,080 --> 00:01:36,560 Speaker 1: to be materially worse off than anyone else. You lose 40 00:01:36,720 --> 00:01:39,520 Speaker 1: because you are, well we are. 41 00:01:39,800 --> 00:01:41,840 Speaker 2: You know, we've got a new minimum standard for those 42 00:01:41,880 --> 00:01:44,200 Speaker 2: countries that are selling more than buying from the U 43 00:01:44,360 --> 00:01:46,959 Speaker 2: than what they buy from the US. YEP, it's fifteen 44 00:01:46,959 --> 00:01:50,240 Speaker 2: percent is a minimum there's about forty countries in that group. 45 00:01:50,560 --> 00:01:52,800 Speaker 2: There are some that actually have higher than fifteen percent. 46 00:01:52,920 --> 00:01:54,960 Speaker 2: And yes, if you're on a deficit with the US, 47 00:01:55,040 --> 00:01:58,840 Speaker 2: which means you're you know, like the UK, like Australia frankly, 48 00:01:59,000 --> 00:02:01,440 Speaker 2: yet you're at ten percent. But I just say, Mike, 49 00:02:01,520 --> 00:02:05,400 Speaker 2: our exporters in America have been pretty agile. Our exports 50 00:02:05,480 --> 00:02:08,120 Speaker 2: to the US this year up six percent. And when 51 00:02:08,120 --> 00:02:10,120 Speaker 2: you're in a market I live there for eight years, 52 00:02:10,280 --> 00:02:12,799 Speaker 2: market a three hundred and fifty million people. There are 53 00:02:12,840 --> 00:02:15,960 Speaker 2: wealthy consumers whether they want our wine, our red meat, 54 00:02:16,560 --> 00:02:18,560 Speaker 2: that are prepared to pay premium, and a lot of 55 00:02:18,600 --> 00:02:21,160 Speaker 2: our exporters have been able to pass through the pricing 56 00:02:21,200 --> 00:02:24,800 Speaker 2: to the American consumer. Now it it'll create some difficulties 57 00:02:24,840 --> 00:02:27,360 Speaker 2: for some companies, no doubt about it, who may not 58 00:02:27,400 --> 00:02:30,080 Speaker 2: be able to fully pass it through. But you know, again, 59 00:02:30,120 --> 00:02:32,799 Speaker 2: our exporters are pretty agile, and they're moving around the world. 60 00:02:32,840 --> 00:02:35,919 Speaker 2: And it underscores yet again why from day one, you've 61 00:02:35,919 --> 00:02:37,519 Speaker 2: got to hustle. You've got to do trade with India, 62 00:02:37,520 --> 00:02:39,520 Speaker 2: you've got to do trade with the UEE, you got 63 00:02:39,520 --> 00:02:41,200 Speaker 2: to do trade with the EU and UK and other 64 00:02:41,240 --> 00:02:44,160 Speaker 2: places all around the world. So it's not what we wanted, 65 00:02:44,840 --> 00:02:47,720 Speaker 2: but you know, and it's pretty fixed. That's the standard 66 00:02:47,720 --> 00:02:49,079 Speaker 2: now in terms of a minimum for. 67 00:02:49,919 --> 00:02:51,600 Speaker 1: So two parts out of that, Tim Grocers, whod you 68 00:02:51,680 --> 00:02:54,640 Speaker 1: stand zero chance of getting the suggested in any ways? 69 00:02:54,639 --> 00:02:56,560 Speaker 2: You right, Yeah, I think it's pretty unlikely. Preson it's 70 00:02:56,560 --> 00:02:59,200 Speaker 2: pretty fixed in his firm views. But we still need 71 00:02:59,240 --> 00:03:02,359 Speaker 2: to have dialogue. Been in a relationship with the American administration. 72 00:03:02,560 --> 00:03:05,440 Speaker 2: I'd just say Todd McLay has a very good relationship 73 00:03:05,480 --> 00:03:08,679 Speaker 2: with his counterpart and we've had ongoing dialogue since the 74 00:03:08,720 --> 00:03:12,160 Speaker 2: announcement of tariff's in April. But yes, I want to 75 00:03:12,160 --> 00:03:15,320 Speaker 2: set expectations right that. I think it's pretty obvious that actually, 76 00:03:16,560 --> 00:03:20,520 Speaker 2: whether you've been in a more deep negotiations like say 77 00:03:20,520 --> 00:03:23,840 Speaker 2: the Swiss, you've ended up with thirty nine percent. You 78 00:03:23,840 --> 00:03:25,480 Speaker 2: know we've got the minimum we've got for countries that 79 00:03:25,520 --> 00:03:26,520 Speaker 2: are running our surpl So. 80 00:03:26,480 --> 00:03:29,720 Speaker 1: You are hand on heart telling us you could have 81 00:03:29,840 --> 00:03:30,640 Speaker 1: done nothing more. 82 00:03:31,000 --> 00:03:33,120 Speaker 2: Oh, I think we handled it very well. I think 83 00:03:33,120 --> 00:03:35,760 Speaker 2: we have very good engagement at official ministerial level, which 84 00:03:35,800 --> 00:03:38,400 Speaker 2: was important. This was a decision that was a blunt 85 00:03:38,440 --> 00:03:42,480 Speaker 2: decision made pretty last minute before the announcement, where the 86 00:03:42,480 --> 00:03:46,200 Speaker 2: president decided, actually, all countries with a deficit get ten minimum. 87 00:03:46,280 --> 00:03:48,600 Speaker 2: All countries with a surplus get fifteen minimum. 88 00:03:48,600 --> 00:03:52,920 Speaker 1: Okay, I've read this weird article in a foreign media 89 00:03:52,960 --> 00:03:56,000 Speaker 1: outlet last week. Do you realize that bringing a cruise 90 00:03:56,040 --> 00:03:59,560 Speaker 1: ship to this country is the most expensive exercise in 91 00:03:59,800 --> 00:04:00,800 Speaker 1: the world. 92 00:04:01,080 --> 00:04:05,120 Speaker 2: Yep, Why, well, there's a whole bunch of I think 93 00:04:05,240 --> 00:04:06,800 Speaker 2: we've we've got to go back and look at it. 94 00:04:06,800 --> 00:04:09,440 Speaker 2: Something Louise Upson and I've been talking about, there's a 95 00:04:09,440 --> 00:04:12,200 Speaker 2: whole bunch of pilava that we often make our cruise 96 00:04:12,200 --> 00:04:15,640 Speaker 2: ships go through coming into New Zealand, anti fouling, a 97 00:04:15,640 --> 00:04:18,040 Speaker 2: whole bunch of things around biosecurity that adds a huge 98 00:04:18,040 --> 00:04:20,880 Speaker 2: amount of cost to it. It's things frankly, also like 99 00:04:21,040 --> 00:04:23,599 Speaker 2: the ships have got bigger and you've actually haven't. We 100 00:04:23,640 --> 00:04:26,760 Speaker 2: haven't had infrastructure to support it. That's why the Ports 101 00:04:26,760 --> 00:04:28,880 Speaker 2: of Auckland, you know, getting their fast Track Application three 102 00:04:28,880 --> 00:04:30,560 Speaker 2: where they've got to do those two on one big 103 00:04:30,600 --> 00:04:33,359 Speaker 2: port extension. I think an extra three hundred meters to 104 00:04:33,480 --> 00:04:35,200 Speaker 2: enable larger ships to come in and out of the 105 00:04:35,200 --> 00:04:37,880 Speaker 2: country is actually a good thing. So yeah, we've got 106 00:04:37,960 --> 00:04:39,880 Speaker 2: if we want, we want cruise ships coming here. It's 107 00:04:39,920 --> 00:04:42,719 Speaker 2: a key part of the tourism sector. We are looking 108 00:04:42,760 --> 00:04:44,560 Speaker 2: at what are we making But when you're looking to 109 00:04:44,720 --> 00:04:47,080 Speaker 2: doing no, we are looking actively looking at what are 110 00:04:47,160 --> 00:04:49,160 Speaker 2: we doing that We don't want to We don't want 111 00:04:49,160 --> 00:04:50,840 Speaker 2: to make it harder for cruise ships to choose not 112 00:04:50,880 --> 00:04:51,440 Speaker 2: to come here. 113 00:04:51,320 --> 00:04:53,279 Speaker 1: But they are because the numbers are plummeting. And this 114 00:04:53,360 --> 00:04:55,120 Speaker 1: what worried to me about this is this was off 115 00:04:55,120 --> 00:04:58,680 Speaker 1: sure reported. So that's our reputation being, you know, prooted 116 00:04:58,720 --> 00:05:00,479 Speaker 1: out for the world to read ab and go, well, 117 00:05:00,480 --> 00:05:02,320 Speaker 1: why would bother? Yeah, And that's why we're stuck. 118 00:05:03,120 --> 00:05:04,920 Speaker 2: Just been two bits because the cruise ships around the 119 00:05:04,920 --> 00:05:07,039 Speaker 2: world are just getting much much larger. They building brand 120 00:05:07,080 --> 00:05:08,240 Speaker 2: new boats that are actually just. 121 00:05:08,800 --> 00:05:11,160 Speaker 1: Didn't happened last Tuesday. We will know that everyone else. 122 00:05:11,160 --> 00:05:14,720 Speaker 2: See, that's why. Yeah, But under the RMA, we're going 123 00:05:14,720 --> 00:05:16,479 Speaker 2: to take five years to extend a port. We're taking 124 00:05:16,520 --> 00:05:18,960 Speaker 2: six months to do it from go to woe to 125 00:05:18,960 --> 00:05:21,040 Speaker 2: get those consents in place. And then I think you're right. 126 00:05:21,080 --> 00:05:23,840 Speaker 2: There's other pieces to it, particularly as I understand around 127 00:05:23,839 --> 00:05:27,640 Speaker 2: now biosecurity ass which are quite onerous and you know, 128 00:05:27,760 --> 00:05:30,200 Speaker 2: Minister Hoggarten and help someone working that through as well. 129 00:05:30,240 --> 00:05:33,360 Speaker 1: Okay, homelessness, is it a choice or not? In some cases? 130 00:05:34,160 --> 00:05:37,560 Speaker 2: Oh, look, it's pretty complex issue, Like it really is. 131 00:05:37,640 --> 00:05:39,920 Speaker 2: Like you know, people will say, oh, just get get 132 00:05:39,920 --> 00:05:42,359 Speaker 2: homeless folk a house and everything be fine. Actually you 133 00:05:42,400 --> 00:05:45,800 Speaker 2: get into the issues and each individual circumstances pretty complex 134 00:05:45,839 --> 00:05:49,080 Speaker 2: and pretty You've got mental health issues, you've got addiction issues, 135 00:05:49,120 --> 00:05:51,359 Speaker 2: got a whole range of things. Uh, there'll be some 136 00:05:51,360 --> 00:05:54,599 Speaker 2: people who choose that, But actually I don't think. I 137 00:05:54,600 --> 00:05:56,279 Speaker 2: don't think people really choose that. 138 00:05:56,320 --> 00:05:58,400 Speaker 1: I think it's about how we know it's so knowing 139 00:05:58,440 --> 00:06:00,359 Speaker 1: that and knowing it's gone on for years, do you 140 00:06:00,400 --> 00:06:02,760 Speaker 1: think now with some level of regret that you've got 141 00:06:02,760 --> 00:06:04,719 Speaker 1: a bit hard on it and you've got the homelessness 142 00:06:04,760 --> 00:06:05,800 Speaker 1: situation that you've got. 143 00:06:05,920 --> 00:06:08,159 Speaker 2: No, No, I want to be really clear, because if 144 00:06:08,200 --> 00:06:11,000 Speaker 2: you just take a step back, homelessness end up thirty 145 00:06:11,000 --> 00:06:13,560 Speaker 2: seven percent on for the last administration, and we were 146 00:06:13,600 --> 00:06:15,680 Speaker 2: spending a billion dollars on emergency. 147 00:06:15,760 --> 00:06:17,719 Speaker 1: Now that's because they've stuck them in motels there at 148 00:06:17,720 --> 00:06:19,440 Speaker 1: one point. But you stick them in a motel and 149 00:06:19,480 --> 00:06:22,320 Speaker 1: you think, oh, that problem will be solved. If you're 150 00:06:22,320 --> 00:06:24,720 Speaker 1: addicted to stuff in Europe. Whatever you need it, it's 151 00:06:24,760 --> 00:06:26,239 Speaker 1: never going to be solved. You need something bigger. 152 00:06:26,520 --> 00:06:28,159 Speaker 2: So I think there's a few things going on. One 153 00:06:28,240 --> 00:06:30,680 Speaker 2: is we actually took to so people understand it. We 154 00:06:30,720 --> 00:06:33,480 Speaker 2: actually identified everybody in a motel with kids have been 155 00:06:33,480 --> 00:06:35,560 Speaker 2: there longer than twelve weeks. We put them to the 156 00:06:35,560 --> 00:06:37,840 Speaker 2: top of the state House wait list. The state House 157 00:06:37,880 --> 00:06:39,960 Speaker 2: weightless has come down by six thousand, by the way, 158 00:06:40,000 --> 00:06:43,360 Speaker 2: since come to power. We've got those people into dry 159 00:06:43,400 --> 00:06:45,520 Speaker 2: good homes. Then there's a question. We've got the state 160 00:06:45,560 --> 00:06:48,200 Speaker 2: House wasteless down, We've got rent stable. That's been helpful. 161 00:06:48,480 --> 00:06:51,040 Speaker 2: But now actually, as you heard Chris Bishop say, we 162 00:06:51,080 --> 00:06:54,320 Speaker 2: spending half a billion dollars with agencies and services around 163 00:06:54,560 --> 00:06:57,719 Speaker 2: supporting people with complex needs and homeless situations. He's happy 164 00:06:57,720 --> 00:06:59,000 Speaker 2: to look at it to make sure it's getting to 165 00:06:59,000 --> 00:06:59,719 Speaker 2: the right places. 166 00:07:00,080 --> 00:07:03,120 Speaker 1: Okay, some accountants signed a letter, three thousand of them 167 00:07:03,160 --> 00:07:05,320 Speaker 1: said we want a capital gains taxing any chance next 168 00:07:05,360 --> 00:07:06,360 Speaker 1: year as part of the electro. 169 00:07:06,680 --> 00:07:09,360 Speaker 2: Texting our way through this. We try that before text more, 170 00:07:09,400 --> 00:07:12,080 Speaker 2: spend more, borrow more. Frankly, that's what caused the miss 171 00:07:12,080 --> 00:07:13,840 Speaker 2: that from Chris sip constantine. 172 00:07:13,520 --> 00:07:16,440 Speaker 1: Bit of reading over the weekend. Actually, I should ask 173 00:07:16,480 --> 00:07:18,760 Speaker 1: you about the president. When the president of your party 174 00:07:18,840 --> 00:07:21,520 Speaker 1: talks about your humanity and you know people need to 175 00:07:21,560 --> 00:07:27,200 Speaker 1: see your humanity is having to explain that part of 176 00:07:27,240 --> 00:07:27,880 Speaker 1: the problem. 177 00:07:29,000 --> 00:07:31,720 Speaker 2: My humanity is on display and you'll show every every week. 178 00:07:31,760 --> 00:07:34,640 Speaker 1: I mean, I'm not arguing. I appreciating when she turns up, 179 00:07:34,800 --> 00:07:37,200 Speaker 1: when she turns up at your conference and goes, oh, 180 00:07:37,280 --> 00:07:39,920 Speaker 1: we need to see is humanity? Is that part of 181 00:07:39,920 --> 00:07:40,600 Speaker 1: the problem. 182 00:07:40,760 --> 00:07:42,880 Speaker 2: No, Look, I mean I don't think New Zealand is 183 00:07:42,880 --> 00:07:45,480 Speaker 2: really what we're talking about myself. You know, they want 184 00:07:45,480 --> 00:07:47,240 Speaker 2: me getting on and cracking on and sorting it out. 185 00:07:47,880 --> 00:07:50,280 Speaker 2: It's pretty simple. They elected us to change. They'll make 186 00:07:50,280 --> 00:07:52,160 Speaker 2: a decision in twenty twenty six where they think we're 187 00:07:52,160 --> 00:07:54,480 Speaker 2: on the right track, wrong track, right direction, wrong direction, 188 00:07:54,640 --> 00:07:57,160 Speaker 2: and these Zelanders will make that decision. I'm just very 189 00:07:57,160 --> 00:07:58,760 Speaker 2: focused on what I've got to do, which is get 190 00:07:58,800 --> 00:07:59,880 Speaker 2: us out of the hole that we've been in. 191 00:08:00,200 --> 00:08:02,800 Speaker 1: Right. So I read four things over the weekend. Bruce 192 00:08:02,800 --> 00:08:04,520 Speaker 1: Cottrell did you read him in the Herald yesterday? 193 00:08:04,560 --> 00:08:06,080 Speaker 2: I didn't read his articleout He's very good. 194 00:08:06,160 --> 00:08:10,000 Speaker 1: Yes, William Nates got did you read his piece? Liam 195 00:08:10,040 --> 00:08:14,080 Speaker 1: dan Or William Dan My apologies. Okay, Damian Grant. You 196 00:08:14,120 --> 00:08:17,560 Speaker 1: read his piece yesterday, sometimes I do. Roger Partridge this morning, 197 00:08:17,560 --> 00:08:20,000 Speaker 1: you read his piece Roger Patrick. Okay, but you haven't 198 00:08:20,000 --> 00:08:21,560 Speaker 1: read that. So I've read all of them. They all 199 00:08:21,600 --> 00:08:25,120 Speaker 1: say the same thing. In fact, Damian Grant summed it 200 00:08:25,200 --> 00:08:27,080 Speaker 1: up best. He was talking about Kiwi Bank and you 201 00:08:27,120 --> 00:08:29,200 Speaker 1: wanted to do what you did last week with Kiwi Bank. 202 00:08:29,200 --> 00:08:32,480 Speaker 1: This is Jim Andersen's economic agenda being advanced by a 203 00:08:32,600 --> 00:08:35,800 Speaker 1: notionally conservative government. Is that part of your problem? 204 00:08:36,480 --> 00:08:38,640 Speaker 2: I mean on the banking side, you know, putting five 205 00:08:38,679 --> 00:08:41,640 Speaker 2: hundred million dollars or Keybank being able to raise five 206 00:08:41,720 --> 00:08:43,800 Speaker 2: hundred million dollars to grow and to be able to 207 00:08:43,840 --> 00:08:46,000 Speaker 2: get four billion a lending out to businesses and ten 208 00:08:46,040 --> 00:08:48,559 Speaker 2: billion more out to retail customers. That's a good thing. 209 00:08:48,559 --> 00:08:52,040 Speaker 2: That puts more competition into the banking set. 210 00:08:51,000 --> 00:08:53,480 Speaker 1: Point was that Act wanted to sell it and Jenny 211 00:08:53,480 --> 00:08:55,640 Speaker 1: Shipley wanted to sell it. So the National Party once 212 00:08:55,679 --> 00:08:57,400 Speaker 1: wanted to sell it. Now you want to advance it 213 00:08:57,440 --> 00:08:57,920 Speaker 1: and grow. 214 00:08:57,760 --> 00:09:00,720 Speaker 2: It at something twenty five years ago. But we are 215 00:09:00,800 --> 00:09:03,080 Speaker 2: where we are right now. We've got a Commerce Commission 216 00:09:03,120 --> 00:09:05,440 Speaker 2: saying we haven't got enough innovation, we haven't got enough 217 00:09:05,440 --> 00:09:08,280 Speaker 2: competition in the banking sector. We've got things like the 218 00:09:08,320 --> 00:09:10,600 Speaker 2: open Banking piece. Yes we want to put you know, 219 00:09:10,679 --> 00:09:13,560 Speaker 2: five hundred million dollars a capital raise is going to 220 00:09:13,600 --> 00:09:16,439 Speaker 2: be you know, there's there's people out there that want 221 00:09:16,440 --> 00:09:17,839 Speaker 2: to invest in keep we bank to make sure it's 222 00:09:17,880 --> 00:09:20,000 Speaker 2: got cash that can actually be more competitive. I think 223 00:09:20,000 --> 00:09:20,600 Speaker 2: that's a bad thing. 224 00:09:20,920 --> 00:09:24,360 Speaker 1: So from Roger Partridge, when populism drives policy, everyone pays. 225 00:09:24,400 --> 00:09:26,360 Speaker 1: He was going back to the button meeting at Nikola 226 00:09:26,440 --> 00:09:28,640 Speaker 1: Willison all that sort of stuff. Essentially, what these guys 227 00:09:28,640 --> 00:09:31,479 Speaker 1: are all saying is that you guys aren't. 228 00:09:31,240 --> 00:09:31,760 Speaker 2: Up for much. 229 00:09:32,240 --> 00:09:37,080 Speaker 1: Basically your fiddlers and the country's burning and it's still burning, 230 00:09:37,120 --> 00:09:39,160 Speaker 1: and the whole twenty twenty five here we go, rock 231 00:09:39,200 --> 00:09:41,720 Speaker 1: and roll isn't happening, and that's why you are where 232 00:09:41,720 --> 00:09:43,000 Speaker 1: you are in the polls, and that's why you've got 233 00:09:43,000 --> 00:09:43,319 Speaker 1: the problems. 234 00:09:43,440 --> 00:09:45,760 Speaker 2: I disagree. You were going through the biggest recession since 235 00:09:45,800 --> 00:09:48,400 Speaker 2: the early nineteen nineties. We've had to take medicine as 236 00:09:48,440 --> 00:09:51,840 Speaker 2: we actually fixed spending, you know, inflation, interest rates, growth, 237 00:09:51,880 --> 00:09:54,000 Speaker 2: and unemployment, you know the other five things that happen 238 00:09:54,040 --> 00:09:56,400 Speaker 2: when you don't, when you lose shape on economic management, 239 00:09:56,400 --> 00:09:58,760 Speaker 2: which is what the last lot did. Where now when 240 00:09:58,800 --> 00:10:00,800 Speaker 2: you think about it, we're doing some pretty big things 241 00:10:00,840 --> 00:10:03,880 Speaker 2: we're going to we're reforming rm A. No government's done that, 242 00:10:03,960 --> 00:10:05,680 Speaker 2: lots have talked about doing it where it's going to 243 00:10:05,679 --> 00:10:08,920 Speaker 2: be a fantastic legacy of massive enablement to getting things 244 00:10:08,920 --> 00:10:11,400 Speaker 2: done and built in this country. Hard work, difficult work, 245 00:10:11,440 --> 00:10:14,040 Speaker 2: lots of detail, but we're moving it paced through that. 246 00:10:14,440 --> 00:10:16,080 Speaker 2: I think when you look at the announcement we'll make 247 00:10:16,120 --> 00:10:19,800 Speaker 2: around NCAA, the big decisions, they're important decisions that actually 248 00:10:19,800 --> 00:10:21,960 Speaker 2: set you yelling up in a very different way going forward. 249 00:10:22,360 --> 00:10:24,840 Speaker 2: So I think we've got the right long term economic plan. 250 00:10:25,160 --> 00:10:27,880 Speaker 2: We've got people still feeling the effects of cost of living, 251 00:10:27,960 --> 00:10:29,959 Speaker 2: but that is a function of you know, as we 252 00:10:30,080 --> 00:10:32,040 Speaker 2: worked our way through and had to take our medicine 253 00:10:32,160 --> 00:10:35,480 Speaker 2: after a massive party, going through a hangover. But you've 254 00:10:35,480 --> 00:10:37,160 Speaker 2: got to keep the faith and just sort of keep 255 00:10:37,200 --> 00:10:38,760 Speaker 2: the eye on the prize and work your way through it. 256 00:10:38,800 --> 00:10:42,520 Speaker 1: This Wednesday, unemployment they say five point three from five 257 00:10:42,559 --> 00:10:45,640 Speaker 1: point one is if it's five point three, is that 258 00:10:45,760 --> 00:10:47,520 Speaker 1: it has it peaked well? 259 00:10:47,559 --> 00:10:49,680 Speaker 2: I mean every forecast has said that this is the 260 00:10:49,720 --> 00:10:52,240 Speaker 2: time that it would be peaking, right, and it's the last, 261 00:10:52,280 --> 00:10:53,160 Speaker 2: but I mean just so, no. 262 00:10:53,320 --> 00:10:54,880 Speaker 1: It's the last. But that's that's the reason for my 263 00:10:55,000 --> 00:10:58,600 Speaker 1: question is is this Wednesday as bad as it will be? 264 00:10:58,720 --> 00:10:59,480 Speaker 1: Do you think. 265 00:10:59,800 --> 00:11:02,000 Speaker 2: That's what our belief is on the forecast? And we're 266 00:11:02,000 --> 00:11:05,319 Speaker 2: pretty much following the forecast that we're peaking about now 267 00:11:05,360 --> 00:11:08,680 Speaker 2: on unemployment. We've got forecast growth of two point seven 268 00:11:08,720 --> 00:11:11,000 Speaker 2: percent average per year out of the last budget. We've 269 00:11:11,000 --> 00:11:12,960 Speaker 2: got two hundred and forty thousand jobs coming in the 270 00:11:12,960 --> 00:11:15,079 Speaker 2: next four years, so you know, we want to see 271 00:11:15,120 --> 00:11:17,760 Speaker 2: it tapering down from here on through. And so so yeah, 272 00:11:17,760 --> 00:11:19,880 Speaker 2: it's not surprising it's peaking now good today. But if 273 00:11:19,880 --> 00:11:22,560 Speaker 2: you've been a business hanging with inflation and suppressed demand, 274 00:11:22,760 --> 00:11:24,439 Speaker 2: the last thing you left with is laying off workers. 275 00:11:24,480 --> 00:11:25,960 Speaker 2: And that's what you've seen in the last twelve months. 276 00:11:26,000 --> 00:11:27,679 Speaker 1: And I appreciate your time. Seeing you next week. Good 277 00:11:27,679 --> 00:11:29,839 Speaker 1: to see it, Chris Luxon. For more from the mi 278 00:11:30,040 --> 00:11:33,160 Speaker 1: Casking Breakfast, listen live to news talks. It'd be from 279 00:11:33,240 --> 00:11:36,679 Speaker 1: six am weekdays, or follow the podcast on iHeartRadio.