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Speaker 1: I'm talking to Liam Dan while the air break was on,

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Speaker 1: which meant that I'm late in coming back into the

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Speaker 1: radio programs. So I'm very pleased to welcome back to

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Speaker 1: the program, Liam Dan, our business editor at large.

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Speaker 2: How are you leaving?

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Speaker 1: Hell?

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Speaker 2: Andrew?

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Speaker 1: I can say happy New Year because this is the face.

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Speaker 2: I guess we're still in January? Why not?

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Speaker 1: All right? The Prime Minister had a State of the

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Speaker 1: Nation speech today. He laid out his vision to grow

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Speaker 1: the economy. He says a culture of saying no is

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Speaker 1: holding us back. There's always a reason to say no.

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Speaker 1: But if we keep saying no, I'm telling you we'll

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Speaker 1: keep going nowhere. I made a sight joke about this

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Speaker 1: as earlier, Liam, because we asked Christopher Luxon to come

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Speaker 1: on and talk with us today and he said no.

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Speaker 2: He has set himself up, hasn't, he wrote? But anytime

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Speaker 2: he says no to anything now, he's kind of And

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Speaker 2: I have a couple of ideas along those lines too,

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Speaker 2: So I actually think I really agree with the sentiment

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Speaker 2: of the speech today. I like what they're doing. I

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Speaker 2: think we need more foreign direct investment. We need to

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Speaker 2: sharpen up on the commercial side around side, so I'm

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Speaker 2: all for all that.

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Speaker 1: But he.

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Speaker 2: Talked quite a lot specifically about Singapore and Ireland and

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Speaker 2: their models and how he's studied them and he's talked

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Speaker 2: about this before, and how this is where we're going.

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Speaker 2: We're going to have a specialist foreign direct Investment office

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Speaker 2: invest in New Zealand, you know, like the Irish. But

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Speaker 2: what he's kind of missed and he could say yes

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Speaker 2: to these ideas but he won't is that and he

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Speaker 2: knows this stuff too, he hasn't missed it. But the

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Speaker 2: reason Ireland has such a fantastic track record with foreign

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Speaker 2: direct investment is because they've cut the corporate tax for

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Speaker 2: foreign direct investors, so there's a real incentive. It's not just.

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Speaker 1: Yes, well that I said exactly that to Tom McLay. Yes,

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Speaker 1: they do have government agencies, but they also have foreign

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Speaker 1: tax breaks as well for corporates that come here. So

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Speaker 1: you can't compare the two similarly. Singapore, you know all

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Speaker 1: the businesses are owned by this state. Yeah.

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Speaker 2: Well, there's a massive compulsory savings scheme there and they

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Speaker 2: require I mean, their taxes are low, but they require

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Speaker 2: everyone who works to save about twenty percent of their income,

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Speaker 2: which is then matched by the employers. So there's these

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Speaker 2: enormous funds and that gets invested back into the country

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Speaker 2: and their own infrastructure and their own science and technology.

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Speaker 2: So that's another idea. So these are things that they

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Speaker 2: could just do. I mean, you know, if you're talking

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Speaker 2: about it can do kind of attitude, I agree, you

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Speaker 2: could just do it. Whereas, look, I understand the reality

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Speaker 2: is we're too broke to do that at the moment.

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Speaker 1: So they're talking on twenty percent of something is better

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Speaker 1: than well, you've got to stay percent of nothing.

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Speaker 2: Yeah, you've got to start somewhere. But the tax I

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Speaker 2: think that. You know, there's a couple of problems. One

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Speaker 2: is political that on the one hand, they've got act

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Speaker 2: on one side who would be happy to go along

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Speaker 2: with the lower tax but doesn't like the compulsory super

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Speaker 2: And then they've got New Zealand first on the other

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Speaker 2: side that probably quite likes the savings and investment of

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Speaker 2: Singapore but doesn't like like the low tax and foreign

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Speaker 2: direct investment stuff. So they are a bit hamstrung by

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Speaker 2: the political situation around it. There also are the Centrists

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Speaker 2: national are taking a more moderate approach. But yeah, I mean,

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Speaker 2: I really like they're doing. I like the direction, I

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Speaker 2: like the vibe, the cultural shift that's required. I just

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Speaker 2: think that it just isn't quite transformational there yet. And

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Speaker 2: if you wanted to really be transformational, you would just

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Speaker 2: do stuff the way that they used to do in

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Speaker 2: the eighties and nineties.

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Speaker 1: And my next question for you was to use the

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Speaker 1: word vibe. Yeah, and it was so based on all

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Speaker 1: of that. Today's announcement. Do they have teeth or are

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Speaker 1: they just vibes?

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Speaker 2: Well, I think it is. Look, it's possible that we

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Speaker 2: can make the whole process easier, you know, but what

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Speaker 2: are we saying here with you know, Zealand m ZTE

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Speaker 2: already does this stuff but maybe hasn't been focused enough.

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Speaker 2: What are we saying that the companies that wanted to

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Speaker 2: invest here were finding the website too difficult to use

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Speaker 2: and we're going to do a better side or you know,

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Speaker 2: these are hard nosed investors. They will come here, you know,

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Speaker 2: if they want to come here, they'll come here. I like,

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Speaker 2: but but look, I accept a lot of this stuff.

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Speaker 2: The vibe stuff needed to be said and done and

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Speaker 2: was always a bit disappointing because it could have been

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Speaker 2: done by the last government. There's no reason why a

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Speaker 2: center left government couldn't also be sort.

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Speaker 1: Of one that supported the c p P, T p

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Speaker 1: P T all that stuff.

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Speaker 2: So so I mean, it's it's this, it's the kind

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Speaker 2: of stuff I think that is needed. And I get

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Speaker 2: this thing about the culture shift and the and the

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Speaker 2: the no thing. It's His main example seemed to be

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Speaker 2: that we didn't have the Taylor Swift concert, which was

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Speaker 2: weirdly specific. But you know, yeah, more concerts, maybe more mining.

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Speaker 2: I'm a little bit luke.

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Speaker 1: Little bit helps.

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Speaker 2: That's right. Lovely to have you For more from Hither

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Speaker 2: Duplessy Allen Drive, listen live to news talks it'd be

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Speaker 2: from four pm weekdays, or follow the podcast on iHeartRadio