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Speaker 1: The Huddle with New Zealand Southby's International Realty, local and

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Speaker 1: global exposure like no other.

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Speaker 2: On the Huddle of this evening Shuston Willis pr Trish Shurson,

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Speaker 2: good evening, Good evening, and former Labor Minister Stuart and

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Speaker 2: as Sure, good evening.

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Speaker 3: Ryan, Trish, how are you very well?

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Speaker 1: Very well?

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Speaker 2: Thank you. I'm struggling to sort of come to terms

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Speaker 2: with what exactly was going on there, Trish.

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Speaker 4: I think there's only two words that need to be said,

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Speaker 4: and it's utter nonsense.

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Speaker 3: Stuart, bloody, outrageous.

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Speaker 2: Very weird. Let's move on talk about something more important,

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Speaker 2: privatization and asset sales. I'm just happy that people are

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Speaker 2: talking about this because as a country we're obviously in

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Speaker 2: the pickle, you know, worst growth last year in the

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Speaker 2: developed world, so we have to do something. We've got

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Speaker 2: to do a stock take as a country, Stuart, Is

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Speaker 2: it not okay just to even ask the question, what

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Speaker 2: is the right mix, a sensible mix of assets to own?

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Speaker 3: Yeah, it's not a bad question. But the bottom line, Ryan,

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Speaker 3: is that the government has a role, not necessarily to

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Speaker 3: make a profit out of its assets, but to provide

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Speaker 3: services to the public. Right now, the private sector has

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Speaker 3: the primary role to maximize the profits out of these

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Speaker 3: So the risk you run when you sell government assets

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Speaker 3: is that the focus changes from providing a really valuable

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Speaker 3: service to communities to making a profit, and when that happens,

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Speaker 3: you run the real risk that those who can't afford

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Speaker 3: those services miss out. We should be looking at doing

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Speaker 3: things differently of that, there is absolutely no doubt. I

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Speaker 3: just don't think that selling off assets is the way

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Speaker 3: to go about it.

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Speaker 4: Well, I funnily enough, I disagree on that. I think

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Speaker 4: this is absolutely the right time to talk about big

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Speaker 4: structural changes like asset sales. New Zealand is asset rich

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Speaker 4: and cash poor, and we all know what that means.

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Speaker 4: You've got to go through the list of the things

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Speaker 4: you own and just in the same way that a

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Speaker 4: household would do, think about, you know what do we

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Speaker 4: need to get rid of what's really important to us.

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Speaker 4: The government needs to do that as well. We are

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Speaker 4: not going to get to where we need to be

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Speaker 4: by having incrementalism. And in my view, the New Zealand

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Speaker 4: Electorate has moved on on assets sales like it has

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Speaker 4: done on the whole GM debate. So we went from

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Speaker 4: GM GE to ge technology and no one has batted

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Speaker 4: an eyelid. We have a big set of assets on

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Speaker 4: our books that are underperforming, and the right question to

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Speaker 4: be asked now is like, as David Simo says, why

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Speaker 4: do we own these? And then the job of the

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Speaker 4: National Party in government is to say, Okay, what we're

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Speaker 4: going to do is get Simmy and Brown to go

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Speaker 4: through the list, do a cost benefit analysis on these assets.

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Speaker 4: Then we'll take a program to the next election and

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Speaker 4: put it to the electorate. And I think, actually on

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Speaker 4: the center right, that is the way national acts should

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Speaker 4: be working. I am pleased to see David Seymour actually

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Speaker 4: talking about the economic forms that X should be pushing

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Speaker 4: national on.

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Speaker 2: Do it very quick. On the break you said you disagree.

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Speaker 2: Do you think keywis do want asset sales? Sorry, don't

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Speaker 2: want to.

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Speaker 3: I think I think kiwis expect the level of service

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Speaker 3: from the government, and the government should provide a level

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Speaker 3: of service that's available to all keywis, not only those

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Speaker 3: who can afford it. And what we're finding in this

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Speaker 3: country at the moment right is the gap between the

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Speaker 3: very few at the top and the majority is growing

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Speaker 3: wider and wider. So You're going to end up with

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Speaker 3: a whole group, a whole group and across our communities

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Speaker 3: and society that just can't afford the service is provided

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Speaker 3: by a privatized community.

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Speaker 2: But they hang on land land Corp. I mean, what

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Speaker 2: are we getting from land Corp?

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Speaker 3: Well, I would I would be very intes to see

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Speaker 3: from the figures from land Corp whether they are turning

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Speaker 3: apropm on I twenty one about higher performing.

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Speaker 2: Is twenty six million dollar loss. There was a report

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Speaker 2: done in twenty twenty one that found we could get

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Speaker 2: two billion dollars if we flogged it off. Twenty six

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Speaker 2: million dollar loss last year, poor financial management and even

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Speaker 2: at a board level.

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Speaker 4: And this is the point.

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Speaker 3: This is about their farms to foreign owners, don't This is.

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Speaker 4: About asset recycling. This is about selling off what is

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Speaker 4: not working and not performing so that the government has

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Speaker 4: the money to invest in better services.

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Speaker 3: But Trius can I ask, why do you think that

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Speaker 3: the private sector can run assets better than the government.

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Speaker 3: There's been a belief on the right that government has

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Speaker 3: no role in managing businesses or managing assets because they

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Speaker 3: just can't do it competently. And I reject that. I

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Speaker 3: completely reject.

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Speaker 4: It well, I would say based on the current state

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Speaker 4: of the New Zealand economy, it is an absolute lesson

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Speaker 4: in why the government needs to own less tri.

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Speaker 3: When we have problems about productivity. Our tax system isn't working,

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Speaker 3: productivity isn't working, in the labor market isn't working. The

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Speaker 3: cost of capitals incredibly high. There are things that need changing.

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Speaker 3: Of that, there is absolutely no doubt. But selling off

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Speaker 3: assets is a political slogan that really just does not work.

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Speaker 3: Address the fundamentals of the economy and you'll grow productivity.

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Speaker 2: Attritions to it. Back in just a second on the

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Speaker 2: hud Good evening. It is twelve away from six on

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Speaker 2: news talks. Here be Trice, Hurs and Sheston Willis Prre's

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Speaker 2: on the huddle tonight with Stuart Nash, Formal Labor Minister.

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Speaker 2: Welcome back to you guys. Let's talk Winston Peters and

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Speaker 2: this diplomatic tiff is what we're calling it between Kitabas

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Speaker 2: and New Zealand, so mix up apparently over the dates

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Speaker 2: and one hundred million dollars of aid at stake. It's

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Speaker 2: currently paused under review. Trish, can you see what's going

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Speaker 2: on here? I mean Winston Peters clearly wants to get

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Speaker 2: out and say to the people of Kidabas. Look, I've

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Speaker 2: tried to meet with your leader. He's not meeting with me.

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Speaker 2: That's not acceptable, and this is why we've paused the AID.

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Speaker 4: What's your tak It's always very hard to pick about

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Speaker 4: pick apart these kind of stories just reading them in

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Speaker 4: the media. But what I would say is that I

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Speaker 4: have faith and confidence in Winston Peters as our foreign minister,

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Speaker 4: and when I look at these stories by read on,

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Speaker 4: what he is actually saying is he's trying to put

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Speaker 4: a bit of pressure on the president of Kittabas, who

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Speaker 4: seems to be playing a little bit of silly buggers

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Speaker 4: with Winston Peters. And so I am not opposed to

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Speaker 4: him being a little bit tougher and saying, well, hey,

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Speaker 4: it's a quid pro quo here and treat us with

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Speaker 4: respect and happy to hand over the AID money. If not,

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Speaker 4: we're going to put a pause on it.

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Speaker 2: Yeah. Interesting because obviously China is involved in this. They

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Speaker 2: want more influence in the region. You know the fact

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Speaker 2: that Kittabas has recognized in China over Taiwan, et cetera.

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Speaker 2: All of those things that going on in the background.

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Speaker 2: Do you think that Winston Peters is striking the right

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Speaker 2: balance or tone here star It.

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Speaker 3: Yeah, I completely agree with Trisha on this one. I mean,

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Speaker 3: Winston is the most senior diplomat probably in the Pacific.

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Speaker 3: He's loved in the Pacific, he loves the Pacific. He's

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Speaker 3: a huge fan of the Pacific. And I agree with Trisha.

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Speaker 3: I mean he he's the consummate diplomat. If Winston says

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Speaker 3: this is the story and this is what's happening, that

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Speaker 3: I believe one hundred percent, and I would say go

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Speaker 3: hard once and represent aer interests well because he always does.

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Speaker 2: Yeah, I tend to with both of you. Let's talk

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Speaker 2: about this arn It's campaign. Well, we think it's a

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Speaker 2: campaign in Australia, so they obviously selld Tim Tams and

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Speaker 2: in Australia and Woolworst they've managed to convince them to

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Speaker 2: stop the Tim Tams in a fridge for a set

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Speaker 2: amount of time, kicked off a huge, big social media

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Speaker 2: for rawry over and across the Tasman. Do you keep

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Speaker 2: your Tim Tams in your fridge or do you keep

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Speaker 2: them in your pantry? These are the types of discussion

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Speaker 2: that we're having a Trish.

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Speaker 4: Well, I'm a I'm not allowed Tim Tams.

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Speaker 2: They probably don't. They probably just in your mouth.

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Speaker 4: But me if I was, I am a cold chocolate lover.

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Speaker 4: But to me this seems like an absolute joke for

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Speaker 4: the Aussies because in you know, thirty eight to forty

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Speaker 4: degree heat, by the time you got your Tim Tams

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Speaker 4: out of the supermarket into the car and home, they

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Speaker 4: would be in a puddle anyway. So what's the point

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Speaker 4: the whole thing unless you're going to scoff the whole

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Speaker 4: packet in the car and.

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Speaker 3: John Trish, You've got to admit the company responsible for

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Speaker 3: the PR for Arnot has done a bloody good job

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Speaker 3: because we're talking about Tim Tams on the most popular

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Speaker 3: radio show in New Zealand. I mean, you can't get

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Speaker 3: better advertising than that. So I've got to take my

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Speaker 3: head off to the PR agency that's in charge of

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Speaker 3: on It's But I agree with you on that one.

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Speaker 3: I mean, do people still eat Tim Tams? I suppose this.

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Speaker 2: Stut. I know you're very health conscious. Have you ever

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Speaker 2: even eaten one?

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Speaker 3: Look, they're not my favorite type of bickets if I

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Speaker 3: had to choose, But like I said, I didn't even

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Speaker 3: know about this, and I read about it all your

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Speaker 3: listeners now know shit, I'm going to go to the supermarket.

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Speaker 3: I'm going to have a look at the fridge and

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Speaker 3: see if there are tim tams there.

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Speaker 4: I tell you what it will happen tonight in houses

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Speaker 4: in towns and cities around the country. There'll be a

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Speaker 4: husband who's sent out to the dairy at about eight thirty.

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Speaker 4: That's sort of what I would call magna maur when

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Speaker 4: the wife thinks, all I just need a little sweet treat.

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Speaker 4: Will we tim tams tonight?

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Speaker 2: Somebody who's said the plural of tim tam is tim tam,

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Speaker 2: not tim tams.

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Speaker 3: Oh my gosh, there you go. Why to debate? But

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Speaker 3: I'm like to be honest, right, if I am eating chocolate,

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Speaker 3: I do befer it cold, but my wife prefers at warm.

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Speaker 3: So you know, there you go.

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Speaker 2: In my house at the moment, we're only allowed ninety

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Speaker 2: percent cocoa chocolate, which tastes funny enough like cocoy, very dry.

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Speaker 4: And that's why you only have two pieces of it.

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Speaker 2: Yeah, no, that's true. That's which I think is the point.

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Speaker 2: It's mean to taste as disgusting as possible. Thank you guys,

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Speaker 2: great to have you on Good Debate tonight. Tric Jerson, Huson,

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Speaker 2: Willis pr Stewart Nash, former labor minister.

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