1 00:00:00,040 --> 00:00:03,560 Speaker 1: Budget day, it's no BS debate time. We are going 2 00:00:03,600 --> 00:00:05,800 Speaker 1: to go to Craig when any councilor trade Union's director 3 00:00:05,840 --> 00:00:09,720 Speaker 1: of Policy Economists also on Labour's Policy Council and Simon Bridges, 4 00:00:09,800 --> 00:00:13,600 Speaker 1: former Associate Finance Minister or Business Chamber of CEO. Good morning, gentlemen, 5 00:00:14,440 --> 00:00:16,000 Speaker 1: good morning. Good to have you on. 6 00:00:16,360 --> 00:00:17,080 Speaker 2: Have we got Craig. 7 00:00:17,680 --> 00:00:19,680 Speaker 1: Oh we haven't got Craig. He's where he slept in. 8 00:00:20,640 --> 00:00:22,759 Speaker 2: Well that makes it, That makes it really easy. 9 00:00:22,560 --> 00:00:25,759 Speaker 1: Right, Yeah, it's a pretty one sided argument. Hey, let's 10 00:00:25,760 --> 00:00:28,280 Speaker 1: talk super First of all, do you think we need 11 00:00:28,280 --> 00:00:30,160 Speaker 1: to increase the age? Do we need to means test? 12 00:00:30,160 --> 00:00:31,840 Speaker 1: It sounds like Nichola Willis is going to at least 13 00:00:31,880 --> 00:00:33,519 Speaker 1: lay out a path maybe today. 14 00:00:34,440 --> 00:00:36,240 Speaker 2: Yeah, I think I think those changes are good. I 15 00:00:36,320 --> 00:00:39,440 Speaker 2: mean I think you know what you're seeing is Nichola 16 00:00:39,440 --> 00:00:42,120 Speaker 2: Willison who colleagues being very focused on the long term. 17 00:00:42,400 --> 00:00:44,000 Speaker 2: I mean what I would say though, that that's all 18 00:00:44,040 --> 00:00:46,040 Speaker 2: they do. You know, infect at one level and a 19 00:00:46,040 --> 00:00:48,600 Speaker 2: short term you know, you're sucking more money depending on 20 00:00:48,640 --> 00:00:51,400 Speaker 2: how they structure it out of the economy when actually 21 00:00:51,400 --> 00:00:53,360 Speaker 2: we need to see things that are that getting the 22 00:00:53,400 --> 00:00:56,800 Speaker 2: growth going right now. But look, if that's done. I mean, 23 00:00:56,840 --> 00:00:58,320 Speaker 2: I think most of you would say, yes, these are 24 00:00:58,400 --> 00:00:59,960 Speaker 2: sensible long term changes. 25 00:01:00,320 --> 00:01:02,320 Speaker 1: Is do you think she's doing this and having this 26 00:01:02,360 --> 00:01:05,080 Speaker 1: conversation now because we'll won the elections next year, but 27 00:01:05,520 --> 00:01:07,480 Speaker 1: because there is so there is going to be so 28 00:01:07,560 --> 00:01:10,640 Speaker 1: little in the budget that this could be a better 29 00:01:10,680 --> 00:01:11,360 Speaker 1: talking point. 30 00:01:12,240 --> 00:01:14,880 Speaker 2: Yeah, I think you know you'd say at a high level, 31 00:01:14,880 --> 00:01:17,039 Speaker 2: what we're seeing from from here is a couple of things, 32 00:01:17,040 --> 00:01:19,240 Speaker 2: which which you are both right. Yeah. I mean, one 33 00:01:19,319 --> 00:01:22,200 Speaker 2: is this a significant fiscal restraint push after you know 34 00:01:22,560 --> 00:01:24,720 Speaker 2: we overdid it right, and so that is a that 35 00:01:24,880 --> 00:01:26,679 Speaker 2: is a good That is a good thing. I think 36 00:01:26,680 --> 00:01:28,240 Speaker 2: the other one is some focus on the long term 37 00:01:28,360 --> 00:01:31,959 Speaker 2: infrastructure and so on. I mean, I would just simply say, though, look, 38 00:01:32,000 --> 00:01:34,160 Speaker 2: it's really tough out there. The Smith and Kobe's story 39 00:01:34,160 --> 00:01:36,760 Speaker 2: of the last day, it could be replicated many times. 40 00:01:37,000 --> 00:01:39,800 Speaker 2: Business is holding on for years. So I agree with 41 00:01:39,840 --> 00:01:42,160 Speaker 2: all of that. But if that's alone what they're doing, 42 00:01:42,240 --> 00:01:45,520 Speaker 2: that's not an adequate that's not a sufficient response to 43 00:01:45,600 --> 00:01:48,120 Speaker 2: where New Zealand's at. It's simply by itself going to 44 00:01:48,120 --> 00:01:50,800 Speaker 2: prolong the cycle we're in. I think what you know, 45 00:01:50,840 --> 00:01:53,640 Speaker 2: I'll be looking for actually possibly, Craig Rennie, I think 46 00:01:53,640 --> 00:01:57,000 Speaker 2: what business will be looking for is really strong, clear 47 00:01:57,080 --> 00:01:59,640 Speaker 2: evidence of the going for growth agenda that provides light 48 00:01:59,680 --> 00:02:00,880 Speaker 2: at the end of the time. Now, if it's the 49 00:02:00,880 --> 00:02:04,520 Speaker 2: accelerated depreciation stuff we've heard the rumors of, actually that 50 00:02:04,560 --> 00:02:06,920 Speaker 2: could be if it was done well, a really big 51 00:02:07,000 --> 00:02:10,160 Speaker 2: tick for this business at this budget. If it's just 52 00:02:10,200 --> 00:02:12,600 Speaker 2: obscurity and not not so much, yeah, I. 53 00:02:12,520 --> 00:02:13,800 Speaker 1: Just want to get on the record. I was the 54 00:02:13,800 --> 00:02:17,480 Speaker 1: first to raise that accelerated appreciation with the minister and 55 00:02:17,520 --> 00:02:18,960 Speaker 1: the key we Saver changes too. 56 00:02:19,320 --> 00:02:22,680 Speaker 2: But it'd be because this budget could be because of 57 00:02:22,720 --> 00:02:24,400 Speaker 2: you rong, it's actually the Bridge budget. 58 00:02:24,720 --> 00:02:26,880 Speaker 1: If it doesn't happen, of course, then just forget I 59 00:02:27,040 --> 00:02:27,520 Speaker 1: to say that. 60 00:02:29,080 --> 00:02:31,880 Speaker 2: It could have been the Bridge's budget. But things change anyway. 61 00:02:32,760 --> 00:02:36,320 Speaker 1: Hey, what about the key we Saver staff. If it 62 00:02:36,400 --> 00:02:39,679 Speaker 1: is true that they're going to increase the contribution for employee, 63 00:02:39,680 --> 00:02:42,239 Speaker 1: can employees afford an extra one to two percent? 64 00:02:43,160 --> 00:02:45,280 Speaker 2: Well, I suppose that's my point. It's a short term, 65 00:02:45,360 --> 00:02:49,120 Speaker 2: long term game, you know, the short term. My worry 66 00:02:49,200 --> 00:02:52,360 Speaker 2: would be, you know, actually right now, they've got to 67 00:02:52,360 --> 00:02:55,560 Speaker 2: find things that are if you like counter cyclicle, that 68 00:02:55,919 --> 00:02:57,920 Speaker 2: are getting things going. You know, there's a lot of 69 00:02:57,960 --> 00:03:00,440 Speaker 2: talk about the long term, but the short term really 70 00:03:00,480 --> 00:03:02,240 Speaker 2: matters too. You wrote I thought a cracker of a 71 00:03:02,240 --> 00:03:03,920 Speaker 2: column in the weekend. I'm not just saying that to 72 00:03:03,960 --> 00:03:06,160 Speaker 2: make you feel good. We've got some of the highest 73 00:03:06,919 --> 00:03:10,400 Speaker 2: immigration we've ever seen in lowest immigration, right, that's a 74 00:03:10,480 --> 00:03:13,400 Speaker 2: key indicator of out economic health. What can we do 75 00:03:13,639 --> 00:03:17,160 Speaker 2: now that turns sentiment around, that gets confidence, and that 76 00:03:17,280 --> 00:03:20,240 Speaker 2: keeps these people in New Zealand. So now I say 77 00:03:20,280 --> 00:03:23,160 Speaker 2: it again, I go along with the superannuation stuff as 78 00:03:23,200 --> 00:03:26,360 Speaker 2: far as it goes. But in the short term exture 79 00:03:26,480 --> 00:03:28,959 Speaker 2: cooker could cause issues if they brought it in straight away. 80 00:03:29,000 --> 00:03:32,720 Speaker 2: I personally doubt that. Over the long term though, Look, 81 00:03:32,880 --> 00:03:35,000 Speaker 2: excepting our saving rates need to go up, and there's 82 00:03:35,000 --> 00:03:36,240 Speaker 2: been quite a bit of chatter about that. 83 00:03:36,440 --> 00:03:39,400 Speaker 1: Yeah, appreciate your time, Simon. No sign of Craig Simon 84 00:03:39,440 --> 00:03:41,560 Speaker 1: Bridges all Fen Business Chamber CEOs. 85 00:03:42,120 --> 00:03:45,080 Speaker 2: For more from Early Edition with Ryan Bridge. Listen live 86 00:03:45,200 --> 00:03:48,240 Speaker 2: to News Talks it Be from five am weekdays, or 87 00:03:48,280 --> 00:03:50,200 Speaker 2: follow the podcast on iHeartRadio.