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Speaker 1: You're listening to a podcast from News Talk zed B.

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Speaker 1: Follow this and our wide range of podcasts now on iHeartRadio.

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Speaker 2: Hello you, great new Zielers. Welcome to Meton Tyler Afternoon's

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Speaker 2: full show podcast number one, one hundred and thirty. We

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Speaker 2: go hard on the budget today. In fact, if you

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Speaker 2: only want budget, there's a special podcast that is just

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Speaker 2: Brad Olson, Jason Walls, Tyler Adams and myself met Heith

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Speaker 2: talking about the budget. If you just want that pure

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Speaker 2: one hour budget chat.

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Speaker 3: Hour of power of budget, it is good and we

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Speaker 3: break it all down.

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Speaker 2: If you just want to mainline the budget twenty twenty

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Speaker 2: five straight into your veins, the nobs budget, depending on

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Speaker 2: which side you said on the situation, then and you

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Speaker 2: can do that. Otherwise, we've got a nice leisurely podcast

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Speaker 2: that includes some chat on CBDs and also some people

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Speaker 2: calling in with their thoughts on the budget. And I

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Speaker 2: thought it was great chat, it was great, great three

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Speaker 2: hours of radio. Give them taste ski wee all right, then.

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Speaker 3: Download, subscribe, give us a review.

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Speaker 2: All that good stuff, all right, love you.

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Speaker 1: The big stories, the big issues, the big trends, and

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Speaker 1: everything in between. Matt heat and Taylor Adams afternoons News.

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Speaker 2: Talk said, be.

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Speaker 3: Good afternoon, Welcome into the show. Huge show for you today,

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Speaker 3: budget day. We're all excited.

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Speaker 2: Get a man so excited. It's bring partner to workday today.

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Speaker 2: I bought my partner, Tracy. She's in the studio. Hey, Tracy,

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Speaker 2: hid Tracy, come on over to the mic.

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Speaker 4: Good day.

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Speaker 3: How are you nice to see you. What do you

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Speaker 3: reckon about the studio?

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Speaker 5: It's pretty fancy.

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Speaker 2: Yeah, the Mike Rosky Memorial studio is pretty nice. Tyler's

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Speaker 2: lee is a but messy. That wasn't he. I'd say

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Speaker 2: the matt he sides there, so he always liked you,

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Speaker 2: always liked you. But isn't it. I mean, this is

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Speaker 2: why you gets in trouble with Mike Coskin. Anyway, welcome in. Yeah,

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Speaker 2: nice to see you. You'll be with us for the

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Speaker 2: rest of the afternoon.

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Speaker 6: Until I get bored with you both.

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Speaker 2: Okay, Yeah, that's fair enough to well expect you leaving

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Speaker 2: about thirteen seconds then now we crack in before we

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Speaker 2: crack out. Yes, I was just going to say, Tyler,

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Speaker 2: listening to the news so good that zb's ratings are up,

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Speaker 2: and if you're listening to the Afternoon, thank you so

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Speaker 2: much because more people than ever listening to the afternoon

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Speaker 2: SHOWP so thank you for tuning in. Exaggiate it, yep,

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Speaker 2: we don't take it lightly. Thank you very much to

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Speaker 2: all our listeners. We're very chuffed and across the board

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Speaker 2: for new stalks HEREB. Now, before we get into we

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Speaker 2: menu today, you just wanted to have a we chat

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Speaker 2: about something budget related. Yeah, that's right. So yesterday we

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Speaker 2: were talking about AI and what jobs it was taking

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Speaker 2: and I just said an off hand comment, I wonder

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Speaker 2: if the government has put the budget through AIS chat GPT,

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Speaker 2: what it thinks the budget should be in. And Ryan

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Speaker 2: Bridge was listening and he was driving and he was

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Speaker 2: expecting us to do it and come back after the break,

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Speaker 2: which would have been a great idea. For some reason,

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Speaker 2: we didn't think to do it. So I threw I

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Speaker 2: threw this into the budget. I threw, please create a

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Speaker 2: budget for the New zeal It for New Zealand that

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Speaker 2: is growth oriented it because the government said that they

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Speaker 2: wanted to growth orientated budget. They've called it the NOBS

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Speaker 2: budget and the Growth Budget. So this is what it

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Speaker 2: came back with. This is what AI suggests. So we'll

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Speaker 2: match that up with what the government does later on today,

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Speaker 2: I've came out with twenty pages, so I've cut this

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Speaker 2: down to ten bullet points.

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Speaker 3: Did you cut it down or did you ask AI

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Speaker 3: to cut it down.

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Speaker 2: To cut it spart? Yeah. Invest in major transport, freight

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Speaker 2: and housing related infrastructure to poost productivity. You can get

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Speaker 2: behind that, yep. Expand trades, training, apprenticeships and the line

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Speaker 2: immigration with skill shortages sounds good. Cut rear tape and

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Speaker 2: lower compliance costs for small and medium sized businesses. Maintain

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Speaker 2: competitive income and corporate tax rates. Incentivized capital investment, grow

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Speaker 2: exports through targeted trade deals and support for primary sector exporters.

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Speaker 2: Look at this. Reform zoning and unlocked land to enable

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Speaker 2: more private sector housing development. This is the AI budgets.

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Speaker 2: If you've just tuned in, keep a government debt and

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Speaker 2: check and reduce low value public spell Yeah, that's clever

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Speaker 2: cat public sector growth and this and tie agency funding

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Speaker 2: to performance improvements. Strengthen policing and justice system efficiency, to

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Speaker 2: support safer communities, Refocus welfare on work incentives and support

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Speaker 2: private delivery of social services. That's what the that's what

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Speaker 2: the AI says.

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Speaker 3: All right, So we're going to measure that up worth

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Speaker 3: the National Acts New Zealand first budget after two o'clock

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Speaker 3: and see how close they are to being better than AI.

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Speaker 2: While the reviews are in, someone's called that asshole intelligence.

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Speaker 2: I don't know. I think that's unfair. Welcome Tracy, you

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Speaker 2: have had you have only had one opportunity to speak,

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Speaker 2: and I am certain the ratings will soar after hearing

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Speaker 2: your lovely voice as that text.

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Speaker 3: Here we all agree. Thank you very much, Tracy. Right

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Speaker 3: on to today's show coming up very soon. We do

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Speaker 3: want to have a chat about the sad closing of

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Speaker 3: Smith and Coey's and a little bit of audio or

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Speaker 3: something that Vive bec she is of course heard of

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Speaker 3: the city chief executive what she said to Mike Hoskin

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Speaker 3: in relation to that closure. But after two o'clock, of

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Speaker 3: course we've got our full coverage of the budget, will

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Speaker 3: be joined by our political editor Jason Wills and Infometric

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Speaker 3: CEO and principal economists Brad Olsen will be breaking down

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Speaker 3: all those key elements and explaining what it means for you,

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Speaker 3: and we'll also be putting some of your questions to

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Speaker 3: those experts after two o'clock, so looking forward to that

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Speaker 3: and after three o'clock, will be taking your calls on

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Speaker 3: the budgets, So once we get some analysis, will zero

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Speaker 3: in on some of those major announcement. Speculation has been

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Speaker 3: high that there will be some changes the key we

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Speaker 3: save tax changes potentially for businesses to boost confidence, and

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Speaker 3: will there be a return to surplus mapped outs. So

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Speaker 3: we'll be taking your calls on that after three o'clock.

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Speaker 2: Yeah, we certainly will looking forward to that. It's my

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Speaker 2: first budget, zeb I'm excited. There's a lot going on,

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Speaker 2: a lot of moving wheels, a lot of resources being

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Speaker 2: deployed this afternoon and making sure we have the best

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Speaker 2: coverage of the budget for you possible.

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Speaker 3: Yeap, perfectly said. But right now, let's have a chat

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Speaker 3: about CBD. So the city's most iconic department store is

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Speaker 3: closing its store after one hundred and forty five years,

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Speaker 3: with the loss of almost one hundred.

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Speaker 2: Jobs, which is extremely gutting. Yeah, especially for Tracy's mum, Rosy,

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Speaker 2: she's a huge smith and Coe's fan. But it is gutting.

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Speaker 2: This history there, It's this solid thing that you would

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Speaker 2: imagine would last for ever, and for it to just

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Speaker 2: go that quickly as gutting. We thought it might come back.

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Speaker 2: There was a plan to keep it going, but no,

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Speaker 2: it is going. And we had Vivebek on the Breakfast

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Speaker 2: show this morning and this is what she had to

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Speaker 2: say about it.

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Speaker 3: Right, we're going to come back to that audio. But

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Speaker 3: the closure, the closure comes down to increase competition, economic

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Speaker 3: hardship and the state of the central city. And here's

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Speaker 3: the points she made.

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Speaker 7: We know the things that need to change. There are

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Speaker 7: some fantastic things here and we've just had thousands of

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Speaker 7: people for the Writers Festival, but there are fundamental flaws

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Speaker 7: in the way this is being managed and it has

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Speaker 7: to stop. There's been an obsession with getting cars out.

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Speaker 7: We've already lost forty four percent of them. So it

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Speaker 7: was twenty fifteen, and yet Auckland Transport seems to think

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Speaker 7: finding people in our nighttime district in Queen Street is acceptable.

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Speaker 7: The ideology has to be replaced by common sense, economic viability,

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Speaker 7: operational functionality and has to meet Auckland as realistic transport needs.

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Speaker 7: I've got a whole other story to talk about another

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Speaker 7: day about the safety and what we're trying to get

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Speaker 7: counsel to do on that. Not just counsel, but there

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Speaker 7: is more They can do, and we're determined to keep

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Speaker 7: on that.

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Speaker 8: But the reality is we've got so much.

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Speaker 7: Good stuff and it is a positive future. The City

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Speaker 7: rail Link will make access easier, but we cannot tolerate

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Speaker 7: this behavior anymore.

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Speaker 9: It has to stop.

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Speaker 2: Spot on, isn't it.

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Speaker 3: I mean, I can't disagree with anything that she listed there.

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Speaker 3: I would go further to say the antisocial behavior, yes,

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Speaker 3: it's a problem, But to me, the bigger problem is

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Speaker 3: being an unfriendly area to cars that's a personal transport,

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Speaker 3: trying to get into the city and make it easy

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Speaker 3: for people to park up, spend their money and make

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Speaker 3: it an enjoyable experience all around.

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Speaker 2: That to me is the critical. It's stressful to even

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Speaker 2: think about going into the CBD. Yeah, and that's a

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Speaker 2: terrible place to start if you're trying to run a business.

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Speaker 2: If people go, oh, that shop is down on Queen Street,

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Speaker 2: I can't be bothered. I'll go somewherehere it's easier. Yeah,

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Speaker 2: that's a terrible situation to be in. And she put

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Speaker 2: the blame on Smith and Coey's closing down squarely on

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Speaker 2: what's happening down there from the council, and you know,

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Speaker 2: also the city railingk.

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Speaker 3: Oh one hundred and eighty ten eighty. What are we

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Speaker 3: going to do to energize CBDs? And it's not just Auckland.

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Speaker 3: Christ Church has been facing this, Wellington has been facing this.

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Speaker 3: Tod on Hamilton. The list goes on, what do we

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Speaker 3: need to do to energize CBDs up and down the country?

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Speaker 3: Is it the fact that it has become an unfriendly

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Speaker 3: place for personal vehicles to get enter and by extension,

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Speaker 3: you to try and get into the city to park up,

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Speaker 3: to spend money.

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Speaker 2: It's easier just to go to our mall. This is

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Speaker 2: a funny text on nine two nine two. You guys

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Speaker 2: in Auckland are only starting to wing about your CBD.

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Speaker 2: Come take a drive through Wellington. It's a moronic hellhole.

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Speaker 2: You No, We've been mining for a while in Aukland

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Speaker 2: about our CBD, as as Wellington, as has Totalonger and

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Speaker 2: christ Church and christ Church and look Dunedin said a

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Speaker 2: bit of a wine about it as well. So nine

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Speaker 2: two nine two oh eight one hundred eighty ten eighty

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Speaker 2: what can we do about our CBDs?

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Speaker 3: It is fourteen past one, beg free shortly here on

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Speaker 3: NEWSTALKSB the.

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Speaker 1: Big stories, the big issues, the big trends and everything

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Speaker 1: in between. Matt Heath and Tayler Adams Afternoons used talks, AB.

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Speaker 3: Very good afternoon to you, seventeen past one. How do

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Speaker 3: we energize and revitalize our CBDs. It's on the back

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Speaker 3: of the sad closing of Smith and Curwey closing it

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Speaker 3: stores after one hundred and forty five years.

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Speaker 2: And Ah, Tyler, do we just giver and throw our

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Speaker 2: hands in the air and say that they have been destroyed,

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Speaker 2: they are gone forever and head out to your latest

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Speaker 2: local Westfield. It's what a lot of people are doing.

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Speaker 2: I think, Matt and Tyler, having spent decades in retail,

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Speaker 2: the biggest killer of CBD trading has been counselors being

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Speaker 2: persuaded by retail consultants developed these massive suburban shopping centers

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Speaker 2: which have drag shoppers away from these city centers. Yeah yeah,

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Speaker 2: well well, I mean it is a lot easier because

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Speaker 2: it's got parking ready to go.

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Speaker 3: You don't have to pay anything. A lot of those

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Speaker 3: malls of everything you need. The antisocial behavior is arguably

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Speaker 3: a lot less out in those city malls. I mean,

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Speaker 3: it's got everything going for it, right, whereas the CBD

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Speaker 3: at the moment has buggerall going for.

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Speaker 2: Yeah, but if you want your CBD to fire, then

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Speaker 2: you have to what with this person suggesting is shut

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Speaker 2: down the options. I know they've done that in Topol.

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Speaker 2: They haven't allowed big malls to open, so people still

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Speaker 2: have to come into the town to do this shopp

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Speaker 2: bang Tony, you're from Wellington, how do we fix the CBDs?

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Speaker 10: Oh, well it's Smiths and Wonnington, Cambridge terroristic can fly

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Speaker 10: a dcken down and land I've put the bike lanes

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Speaker 10: as how why they are what co would be? Come

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Speaker 10: off the motorway, go one way all the way through

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Speaker 10: to the airport and then loop back around and back

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Speaker 10: out again. And then give all the plant boxes on

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Speaker 10: these small streets. And there's a lot of these good

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Speaker 10: small shops, boutique shops that do a lot of funky

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Speaker 10: stuff with the make wine and a west Field bill

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Speaker 10: not going. And bring in the concerts again, bring in

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Speaker 10: the people lost the sevens. We've got home Guard. We've

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Speaker 10: lost so much in one Eton that one engin that's

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Speaker 10: really tuning into a neighborhood also in the city, So

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Speaker 10: you need to bring people into the city make it

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Speaker 10: more violent. Corney Place behaves start, give it a giver

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Speaker 10: her of a homeless because when you walk down the

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Speaker 10: shops that smells to your eye. And lower the rates

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Speaker 10: so the bars can actually make a living in there.

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Speaker 11: So you bring it in.

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Speaker 10: And you've got to like a red old red light district,

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Speaker 10: but like a district right that where people come in,

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Speaker 10: especially down the end of Courtney Place, and make a

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Speaker 10: vibrant make people come out they used to.

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Speaker 2: So Tony Tony in Wellington. Are people going elsewhere other

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Speaker 2: than the CBD or are people just not going out

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Speaker 2: and to stores or restaurants at all?

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Speaker 10: Restaurants to do an okay, but you know it starts

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Speaker 10: to shopping. Got there's no parking on Wasnington All going

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Speaker 10: out to Tony to do the shopping. That's crazy.

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Speaker 2: Yeah, you know.

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Speaker 10: I mean Washington is such a cool I was going

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Speaker 10: to last home Grown. I was sitting here watching it.

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Speaker 10: It was a beautiful day. I was watching at Seaha.

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Speaker 10: The night was going you had the harbor lting Man

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Speaker 10: this place. I've done a lot of traveling. It doesn't

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Speaker 10: even better than this, And the problem was that it's

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Speaker 10: not consistent and you're good on making system.

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Speaker 2: Yeah.

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Speaker 3: The last time I was in Wellington, Tony we were

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Speaker 3: driving there to catch the Entro Islander to get over

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Speaker 3: to the South Island. But we had about five hours

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Speaker 3: in Wellington, and I agree with you. We were going

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Speaker 3: to do some shopping and go to a nice restaurant

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Speaker 3: in the in the inner city and it was a

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Speaker 3: nightmare and stressful, and I said, bugger this, We're going

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Speaker 3: out to potty do it because it's you know, easier

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Speaker 3: to park out there and there's just no stress. And

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Speaker 3: that was so much nicer. But that is a big

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Speaker 3: problem for the likes of Wellington if people like us

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Speaker 3: just turning around to say we'll just go to Lower

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Speaker 3: Heart or Poddy Door.

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Speaker 12: Well.

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Speaker 10: The only thing tho is that the white lanes are huge.

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Speaker 10: Don't need to be there. But when I was down

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Speaker 10: in christ Church, you're gonna I went to a pub.

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Speaker 10: I went down to christ Church, but I was going

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Speaker 10: to the pubs having lost round and the fountains was

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Speaker 10: something I amen who since the eighties so I make

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Speaker 10: it too casual.

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Speaker 13: I loved it.

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Speaker 10: And I was like, yes, make people dress up, make

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Speaker 10: people put a new foot when they come out. You

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Speaker 10: bring pride the street. I remember it's been said to

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Speaker 10: me when I was I make too casual.

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Speaker 2: I remember that really, well, sorry, makee two casuals. It's

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Speaker 2: true though in christ Church when you go outdate is

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Speaker 2: that there's some rules on how casual things are, and.

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Speaker 3: You I think some of them still demand collars. Yeah,

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Speaker 3: which brings it right back to the to the early

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Speaker 3: two thousands.

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Speaker 2: Isn't that?

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Speaker 3: No, Kyla, get out of here. You can't have cross

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Speaker 3: trainers on. I want to see those shoes nice and shiny.

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Speaker 2: I remember when I was a kid with some days

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Speaker 2: go down to the cargo to go to bars and

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Speaker 2: you'd be you'd be denied entry to the worst bar

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Speaker 2: you've ever seen because you didn't have a tie on. Yeah,

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Speaker 2: and you'd see these locals just a most horrific shirt

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Speaker 2: with the most terrible tie, but they're allowed. And also

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Speaker 2: I was t esteemed. Yeah that sounds about right, Tony.

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Speaker 3: Thank you very much, mate, appreciate you giving us a

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Speaker 3: BARZH eight hundred eighty ten eighty is the number to call.

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Speaker 3: What do we do to revitalize our CBDs or are

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Speaker 3: they done for? Do we just need to accept that

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Speaker 3: it's long gone? And retail was incredibly tough in our

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Speaker 3: CBDs O eight hundred eighty ten eighty. It's twenty two

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Speaker 3: past one.

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Speaker 1: Putting the tough questions to the newspeakers the Mike Asking Breakfast, which.

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Speaker 2: Even Joyce, former Finance Minister, is with, is this how

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Speaker 2: economies work? From your financial experience? In other words, at

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Speaker 2: any given point in time, somebody somewhere is doing well.

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Speaker 2: Thank the Good Lord for that.

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Speaker 14: Yeah, well you'd hope so, wouldn't you, Because after a

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Speaker 14: top three years, it feels good to see somebody doing well.

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Speaker 14: I think what we're seeing is probably the beginning of

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Speaker 14: an export lead recovery, which is domestically, people are spending

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Speaker 14: a lot of money so important coming in but fortunately

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Speaker 14: leave for us. The world is buying our stuff and

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Speaker 14: it's not a subsidy, just a memo for the US president,

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Speaker 14: but it'll be making people nervous. Still is the potential

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Speaker 14: for a rapid policy change out of the US.

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Speaker 2: Back tomorrow at six am the Mike Hosking Breakfast with

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Speaker 2: Adda News Talk ZB.

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Speaker 3: Very good afternoon to you, and we have asked the question,

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Speaker 3: how do we revitalize our CBDs on the back of

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Speaker 3: the sad news that Smith and Coey is closing its

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Speaker 3: doors Vive bec She is the CEO of Heart of

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Speaker 3: the City in Auckland. She told Mike Costking that one

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Speaker 3: of the key reasons that business has had to close

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Speaker 3: its doors is because of stupid policies by the council.

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Speaker 3: Do you agree, o eight one hundred and eighty ten

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Speaker 3: eighty some good techs coming.

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Speaker 2: Through the central city is a complete pain in the ass.

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Speaker 2: Give me an open plan shopping center with heaps of

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Speaker 2: parking and outside something any day.

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Speaker 15: Yeah.

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Speaker 2: Look, I go to a mall because it's easier, But

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Speaker 2: I hate being inside a morn shopping and it's being

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Speaker 2: under the strip lights. I hate the vibe in there.

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Speaker 2: I mean, if you've got a lovely you know. I

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Speaker 2: was in Greytown the other day and it's just you know,

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Speaker 2: this is near Wellington. Everyone's complaining about Wellington. Greaytown's brilliant.

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Speaker 2: You walk down the street, those beautiful little shops doing

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Speaker 2: little little things, lovely, you know, lovely bookshop there, that's fantastic.

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Speaker 2: I'm much rather do that. But if you have to

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Speaker 2: go through a living hell to park there, you're just

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Speaker 2: going to go to them, moll, aren't you.

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Speaker 3: But interesting you say that because when we talk about

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Speaker 3: pedestrianizing CBDs, I don't particularly mind that, But where the

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Speaker 3: crux comes into it is the lack of parking. I

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Speaker 3: mean like Nelson for example, And to be fair, Nelson's

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Speaker 3: CBD has got some problems, but they pedestrianize the top

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Speaker 3: of Trafalgar Street lovely. You've got bars out there, they

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Speaker 3: got tables in the top of the street, fantastic. But

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Speaker 3: you've got to give people easy access to park just

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Speaker 3: on the outskirts.

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Speaker 2: That isn't going to cost them an amine leck. Then

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Speaker 2: it starts to work.

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Speaker 3: Then you can pedestrianize parts of the CBD.

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Speaker 2: But what you're missing there in that tyler is that

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Speaker 2: the whole point is there's an ideology against cars. So

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Speaker 2: they're not trying to facilitate you to park cars, or

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Speaker 2: find a way for you to park cars, or maybe

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Speaker 2: build a high rise parking building that means you can

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Speaker 2: go down there. They the people making these plans, want

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Speaker 2: to get you out of cars. I'm talking about it

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Speaker 2: for it's called push politics, yep. They think cars are

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Speaker 2: inherently evil. You deserve to go to hell for driving

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Speaker 2: into town in a car, and they will create a

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Speaker 2: hell for you if you try.

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Speaker 3: To and those people were idiots. But what do you say?

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Speaker 3: I one hundred and eighty ten eighty as the number

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Speaker 3: to call Rob. How are you hey?

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Speaker 9: Guys?

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Speaker 16: You, in my humble opinion, you guys have hit a

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Speaker 16: ride on the head. You can't change anything, and nothing's

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Speaker 16: going to change until well, at least just quot about Auckland,

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Speaker 16: until you get those idiots out of Auckland transport you. Unfortunately,

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Speaker 16: a few years ago I had the unfortunate pleasure of

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Speaker 16: meeting one of these consultants and just listening to how

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Speaker 16: he felt that Auckland should be run in terms of transport.

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Speaker 16: It was just a nightmare. I had to finish the

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Speaker 16: conversation and walk away, otherwise they would have done maybe

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Speaker 16: committed violence on the guy. And they just don't want

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Speaker 16: Tarsan there. He was blatant about that. And so nothing's

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Speaker 16: going to change, like because the often transports full of

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Speaker 16: these guys or girls, and then you know also coming

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Speaker 16: up as the congestion tax for the CVD. So does

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Speaker 16: the big think anything's going to change anytime soon? I

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Speaker 16: don't think so.

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Speaker 2: What I'm in their belief is that there's a world

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Speaker 2: where everyone walks and rides bikes in and takes buses

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Speaker 2: in and walks around on the streets and it's fantastic.

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Speaker 2: But that doesn't seem to ever eventuate. What happens as

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Speaker 2: no one goes into these places and the shops go

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Speaker 2: out of business and people lose their jobs, and you

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Speaker 2: create slums essentially boarded up horrible areas that no one

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Speaker 2: wants to go to. So if your idea, you have

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Speaker 2: this beautiful vision of what a town could be like

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Speaker 2: and you draw pictures of it and it's in the

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Speaker 2: Osborne Guide to the Future, But if it just over

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00:19:17,733 --> 00:19:20,533
Speaker 2: and over again proves that that's not what's going to happen,

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Speaker 2: and people want to drive their cars, and then's who's

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Speaker 2: right who's wrong. I mean, your solution has to has

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Speaker 2: to end up in people going to these businesses or

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Speaker 2: it's not a solution.

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Speaker 3: Yeah, I mean just an example of that. In public transport.

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Speaker 3: We know up and down the country is a basket case.

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Speaker 3: But in christ Church, for example, when we moved out

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Speaker 3: maybe fifteen minute drive at the most out of the

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Speaker 3: CBD and decided to try and look at catching a bus.

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Speaker 3: I had to catch three different buses and it was

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Speaker 3: going to take me an hour and twenty minutes to

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Speaker 3: get to my place of work. So clearly that is

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Speaker 3: just ludicrous. Oh eight one hundred eighty ten eighty is

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Speaker 3: the number to call.

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Speaker 2: Hey and seeing as sadly Smith and Coey has gone

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Speaker 2: out of business for good. A legend dairy department store

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Speaker 2: in Auckland said nineteen ninety two, what's this theme tune?

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Speaker 2: What is this? It's an absolute banger. I have never

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Speaker 2: heard this of my life. Doesn't do anything for you?

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Speaker 2: Oh it sounds pretty good. It's making me feel good.

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Speaker 3: Right O one hundred and eighty ten eighty and nineteen

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Speaker 3: nine two. If you know where that the song is wrong,

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Speaker 3: let us know.

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Speaker 2: Headlines with Raylene coming.

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Speaker 6: Up us talk said the headlines with blue bubble taxis

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Speaker 6: it's no trouble with a blue bubble. Anticipations growing ahead

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Speaker 6: of the government budget being delivered in half an hour,

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Speaker 6: tagged both as being about growth and having no frills.

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Speaker 6: Nearly two billion dollars of new spending has already been announced,

435
00:20:54,133 --> 00:20:58,373
Speaker 6: but the operational funding is tight. Workers, community groups and

436
00:20:58,413 --> 00:21:02,373
Speaker 6: the public are rallying now on Parliament's grounds before the announcement.

437
00:21:02,693 --> 00:21:06,493
Speaker 6: Protesting changes rush through under urgency to help the figures

438
00:21:06,853 --> 00:21:11,173
Speaker 6: by canceling pay equi, he claims. Far North police are

439
00:21:11,173 --> 00:21:14,573
Speaker 6: investigating a three year old girl's unexplained death in kai

440
00:21:14,693 --> 00:21:19,213
Speaker 6: Koe last night. Meanwhile, they've also launched a homicide investigation

441
00:21:19,693 --> 00:21:24,013
Speaker 6: over a man's death in Jordeke north of Kaikohe. One

442
00:21:24,013 --> 00:21:27,733
Speaker 6: person's died and two others are injured, one seriously following

443
00:21:27,773 --> 00:21:30,973
Speaker 6: a crash on Danzy Road in Longtaha Valley north of

444
00:21:31,053 --> 00:21:35,333
Speaker 6: Ruta Duu around eight this morning. Foodstuffs plans to knock

445
00:21:35,413 --> 00:21:38,973
Speaker 6: down two central Dunedin buildings on Hanover and Great King

446
00:21:39,053 --> 00:21:44,013
Speaker 6: Streets to improve parking at the city's flagship supermarket. Most

447
00:21:44,053 --> 00:21:48,053
Speaker 6: significant thing I'll ever do the photo sessions capturing memories

448
00:21:48,093 --> 00:21:51,653
Speaker 6: for bereaved families. See more at Ends and Herald Premium.

449
00:21:51,933 --> 00:21:53,573
Speaker 6: Back to Matteth and Tyler Adams.

450
00:21:53,613 --> 00:21:58,813
Speaker 2: Thank you very much, Raylene. It was, of course the

451
00:21:58,813 --> 00:22:02,013
Speaker 2: theme to the TV show Are You Being Served? Which

452
00:22:02,133 --> 00:22:03,853
Speaker 2: was set in the department store.

453
00:22:04,693 --> 00:22:07,933
Speaker 3: So many text thousands of texts saying great show, mayor

454
00:22:07,933 --> 00:22:10,493
Speaker 3: are you said missus Slocan.

455
00:22:10,293 --> 00:22:14,213
Speaker 2: Yeah, mister Slocan, mister Henry, mister Spooner. There was there

456
00:22:14,213 --> 00:22:16,333
Speaker 2: was a peacock in there. Somewhere I forget his name,

457
00:22:16,573 --> 00:22:19,613
Speaker 2: and there was a guy with a crazy forgears, mister

458
00:22:19,653 --> 00:22:20,893
Speaker 2: Cuthbert Ramboled.

459
00:22:21,333 --> 00:22:23,533
Speaker 3: So it was like a Smith and Coey type operation,

460
00:22:23,693 --> 00:22:25,813
Speaker 3: was it, Yeah right? It was a high end department store.

461
00:22:25,893 --> 00:22:29,053
Speaker 2: Yeah, yeah, so anyway, and some Shenanigans. So whenever I

462
00:22:29,093 --> 00:22:33,493
Speaker 2: was in Smith and Coey, I always thought of athing said, anyway, moving.

463
00:22:33,333 --> 00:22:35,293
Speaker 3: On, Oh, eight hundred and eighty ten eighty is the

464
00:22:35,373 --> 00:22:36,693
Speaker 3: number to call. We'd love to hear your thoughts.

465
00:22:37,453 --> 00:22:39,133
Speaker 2: Sorry, very good, do that one again.

466
00:22:39,493 --> 00:22:42,853
Speaker 3: No, we'd love to hear your thoughts about how do

467
00:22:42,893 --> 00:22:47,213
Speaker 3: you revitalize CBDs up and down the country. Auckland, of course,

468
00:22:47,453 --> 00:22:48,933
Speaker 3: is getting a bit of stick at the moment from

469
00:22:49,013 --> 00:22:51,653
Speaker 3: Heart of the City, chief executive of BETS. She thinks

470
00:22:51,653 --> 00:22:55,973
Speaker 3: that the Auckland Council policies around anti car has a

471
00:22:56,013 --> 00:22:58,533
Speaker 3: big part to play with Smith and Coey closing down.

472
00:22:58,653 --> 00:23:02,493
Speaker 2: Matt, it's the UN's agenda thirty to fifteen minute smart

473
00:23:02,533 --> 00:23:06,253
Speaker 2: cities for everyone. There you go, sho, Barna, how are

474
00:23:06,293 --> 00:23:08,013
Speaker 2: you good?

475
00:23:08,373 --> 00:23:09,053
Speaker 12: Good afternoon?

476
00:23:09,453 --> 00:23:12,133
Speaker 8: Yeah, not so good. We're hearing Smith and Coe's is

477
00:23:12,173 --> 00:23:17,293
Speaker 8: finally going three floors to one floor now, no flaws.

478
00:23:18,413 --> 00:23:19,253
Speaker 2: It is very sad.

479
00:23:19,253 --> 00:23:22,013
Speaker 3: In one hundred and forty five years of business in

480
00:23:22,093 --> 00:23:24,893
Speaker 3: New Zealand, you know, it doesn't get more long serving

481
00:23:24,973 --> 00:23:25,733
Speaker 3: or entrench than that.

482
00:23:25,773 --> 00:23:26,733
Speaker 2: It's incredibly sad.

483
00:23:27,773 --> 00:23:32,533
Speaker 8: Absolutely. Yeah, we've had a lot of problems with talking

484
00:23:32,573 --> 00:23:35,493
Speaker 8: to council to represented.

485
00:23:34,933 --> 00:23:37,493
Speaker 2: Small So you're so you're a you're just.

486
00:23:37,413 --> 00:23:39,253
Speaker 8: To im a small business in the CBD.

487
00:23:39,453 --> 00:23:41,013
Speaker 2: Yeah, you running? What kind of business do you run

488
00:23:41,053 --> 00:23:41,573
Speaker 2: in the CBD?

489
00:23:42,093 --> 00:23:42,933
Speaker 8: I'm a florist?

490
00:23:43,173 --> 00:23:44,893
Speaker 2: Okay, what's your florist called?

491
00:23:46,173 --> 00:23:47,133
Speaker 8: Roma Blooms?

492
00:23:47,293 --> 00:23:50,053
Speaker 2: Roma Blooms? All right, a lovely name. We're going to

493
00:23:50,093 --> 00:23:52,532
Speaker 2: look at what right now? What kind of struggle? What

494
00:23:52,533 --> 00:23:56,093
Speaker 2: are you facing? And what have you talked to council about?

495
00:23:57,733 --> 00:24:01,893
Speaker 8: It's is it is the direction of the traffic. It

496
00:24:02,013 --> 00:24:06,533
Speaker 8: is the congestion. We've we had a perfectly round circle working.

497
00:24:06,613 --> 00:24:11,253
Speaker 8: This city was working beautifully and they created a square wheel.

498
00:24:11,493 --> 00:24:16,533
Speaker 8: A square wheel does not work. However, all of our

499
00:24:16,613 --> 00:24:21,413
Speaker 8: concerns back five, five, ten years ago were on death

500
00:24:21,733 --> 00:24:25,133
Speaker 8: is and now they see the problems. They did not

501
00:24:25,573 --> 00:24:29,693
Speaker 8: want to listen to businesses of what the needs are

502
00:24:29,813 --> 00:24:35,532
Speaker 8: and what their plans would do. And you know, you

503
00:24:35,533 --> 00:24:38,013
Speaker 8: can't blame anyone. It's just that they had no idea

504
00:24:38,173 --> 00:24:41,453
Speaker 8: not being in business. So maybe they needed people from

505
00:24:41,533 --> 00:24:44,773
Speaker 8: a business point of view to be a part of

506
00:24:44,813 --> 00:24:47,573
Speaker 8: that team that was sitting around that table and said, hey,

507
00:24:47,973 --> 00:24:49,693
Speaker 8: these are the things that we might need to look

508
00:24:49,693 --> 00:24:53,253
Speaker 8: out for, steer them in directions that they may never

509
00:24:53,333 --> 00:24:54,413
Speaker 8: have seen before.

510
00:24:55,173 --> 00:24:57,413
Speaker 2: Do you think when the city ralling comes in things

511
00:24:57,453 --> 00:24:59,773
Speaker 2: will be better for you? I?

512
00:25:00,253 --> 00:25:04,893
Speaker 8: Firstly, for me, no, not at all. I can't see

513
00:25:04,933 --> 00:25:08,493
Speaker 8: the city ratling bringing in any more people than that

514
00:25:08,573 --> 00:25:10,693
Speaker 8: brings in right now. The public transport.

515
00:25:11,093 --> 00:25:13,133
Speaker 2: Yeah, well, I mean that'll be an absolute disaster because

516
00:25:13,173 --> 00:25:18,093
Speaker 2: we've spent just if we spend close to six billion

517
00:25:18,133 --> 00:25:20,213
Speaker 2: dollars and then the two hundred plus million dollars a

518
00:25:20,293 --> 00:25:22,013
Speaker 2: year that it's going to cost to run the city

519
00:25:22,093 --> 00:25:25,853
Speaker 2: rail Link, even I think it's far more than that. Yeah, well,

520
00:25:25,893 --> 00:25:28,093
Speaker 2: I mean, yeah, I got to figure it's over two

521
00:25:28,173 --> 00:25:31,453
Speaker 2: hundred million after costing a five point eight billion I

522
00:25:31,453 --> 00:25:33,573
Speaker 2: believe it is once it's finished. So better bring some

523
00:25:33,653 --> 00:25:35,893
Speaker 2: people under or us who gets blamed for that?

524
00:25:37,933 --> 00:25:40,213
Speaker 8: Yes, you just got to go right back there and

525
00:25:40,253 --> 00:25:44,373
Speaker 8: you just say who made those plans? Yeah, because we

526
00:25:44,373 --> 00:25:46,973
Speaker 8: were there yelling and screaming of what this is going

527
00:25:47,013 --> 00:25:49,573
Speaker 8: to do and have fast forwarded.

528
00:25:50,493 --> 00:25:53,333
Speaker 3: So, Shabana, the state of your business at the moment,

529
00:25:53,373 --> 00:25:54,573
Speaker 3: are you going to be able to keep going? Do

530
00:25:54,613 --> 00:25:56,893
Speaker 3: you think you'll get through this or what's the future.

531
00:25:56,933 --> 00:25:59,373
Speaker 8: We've been through everything we've been through. We've been on

532
00:25:59,493 --> 00:26:02,333
Speaker 8: the city rolling store step for eight years. We gave

533
00:26:02,413 --> 00:26:06,333
Speaker 8: up everything to be in business. We Yeah, what every

534
00:26:06,413 --> 00:26:10,213
Speaker 8: business in this area went through is being horrific. No

535
00:26:10,253 --> 00:26:13,653
Speaker 8: one in the hole of has been through what we've

536
00:26:13,653 --> 00:26:16,573
Speaker 8: been through. And we've stayed here, you know, we've we've

537
00:26:16,613 --> 00:26:19,093
Speaker 8: gone without to be here and not That's just not me,

538
00:26:19,173 --> 00:26:21,532
Speaker 8: that's every business in this area.

539
00:26:22,013 --> 00:26:26,133
Speaker 2: Yeah. Hey, Shabana, my partner Tracy's in the studio here

540
00:26:26,573 --> 00:26:28,493
Speaker 2: with me today. What what what flowers do you think

541
00:26:28,533 --> 00:26:28,973
Speaker 2: I should get?

542
00:26:28,973 --> 00:26:29,013
Speaker 10: It?

543
00:26:29,053 --> 00:26:31,293
Speaker 2: Do you think I should get the voluptuous seasonal balloon?

544
00:26:31,413 --> 00:26:34,173
Speaker 8: Depends on the occasion. What about what's the occasion?

545
00:26:34,333 --> 00:26:38,013
Speaker 2: On the occasion? Is just you know, being a nice guy, been.

546
00:26:37,933 --> 00:26:38,533
Speaker 4: A nice guy?

547
00:26:38,813 --> 00:26:41,613
Speaker 8: Well, I would suggest I would, I would ask for

548
00:26:41,653 --> 00:26:44,253
Speaker 8: your budget and then I'd recommend you what you'd like.

549
00:26:44,773 --> 00:26:45,533
Speaker 8: What would be nice?

550
00:26:45,973 --> 00:26:49,213
Speaker 2: I'm looking at the voluptuous seasonal blooms from your website

551
00:26:49,253 --> 00:26:50,493
Speaker 2: and I'm thinking they look pretty good.

552
00:26:51,773 --> 00:26:52,653
Speaker 17: They are pretty good.

553
00:26:53,253 --> 00:26:55,333
Speaker 3: Well, Tracy is right here. I mean, Tracy, do you

554
00:26:55,333 --> 00:26:58,493
Speaker 3: want to give any any hints to Shabana? Do you

555
00:26:58,573 --> 00:26:59,293
Speaker 3: like some roses?

556
00:27:00,533 --> 00:27:01,493
Speaker 5: There is no budget?

557
00:27:03,093 --> 00:27:04,853
Speaker 18: Oh wow, the sky.

558
00:27:04,733 --> 00:27:06,933
Speaker 8: Is a litit you'll get premium flowers.

559
00:27:06,973 --> 00:27:10,253
Speaker 2: Then, Barna, you're great, you so much. You call a

560
00:27:10,293 --> 00:27:11,013
Speaker 2: good luck out there.

561
00:27:12,013 --> 00:27:15,173
Speaker 3: Thank you, and go and support Shobarna and her business

562
00:27:15,253 --> 00:27:18,373
Speaker 3: Roma Blooms if you can. As she said, they've been

563
00:27:18,413 --> 00:27:20,293
Speaker 3: through a lot of challenges and they'll keep fighting and

564
00:27:20,373 --> 00:27:22,613
Speaker 3: keep going. But absolutely go and support them.

565
00:27:22,813 --> 00:27:24,293
Speaker 2: Yeah, not a lot of love for this sort of

566
00:27:24,533 --> 00:27:25,973
Speaker 2: city rail link coming through here.

567
00:27:26,893 --> 00:27:29,133
Speaker 3: Not surprising, right, Oh eight hundred eighty ten eighty is

568
00:27:29,173 --> 00:27:30,853
Speaker 3: the number to call love to hear your thoughts on this.

569
00:27:30,933 --> 00:27:33,093
Speaker 3: Coming up, we're gonna have a chat to a gentleman

570
00:27:33,133 --> 00:27:36,333
Speaker 3: who was on the Council Advisory Board, so very interesting

571
00:27:36,333 --> 00:27:38,213
Speaker 3: on what he's got to say about this. It is

572
00:27:38,333 --> 00:27:39,133
Speaker 3: twenty one to two.

573
00:27:39,293 --> 00:27:42,733
Speaker 2: But it's not just Auckland's. There's CBDs all over the

574
00:27:42,733 --> 00:27:45,453
Speaker 2: country that are struggling. So eight hundred eighty ten eighty

575
00:27:45,493 --> 00:27:47,333
Speaker 2: what should we do?

576
00:27:47,653 --> 00:27:50,253
Speaker 1: Have a chat with the lads on eight hundred eighty

577
00:27:50,293 --> 00:27:53,853
Speaker 1: ten eighty Matt Heath and Tyler Adams afternoons us talk,

578
00:27:53,933 --> 00:27:55,213
Speaker 1: sa'd be very.

579
00:27:55,053 --> 00:27:57,253
Speaker 3: Good afternoon to you. And the question of asked is

580
00:27:57,293 --> 00:27:59,173
Speaker 3: what do we do about our CBDs up and down

581
00:27:59,173 --> 00:27:59,653
Speaker 3: the country?

582
00:27:59,693 --> 00:28:00,373
Speaker 2: They are dying.

583
00:28:00,413 --> 00:28:03,333
Speaker 3: They aren't basket cases on the back of Smith and

584
00:28:03,373 --> 00:28:06,133
Speaker 3: Koe sadly closing down after one hundred and forty five years.

585
00:28:06,213 --> 00:28:09,413
Speaker 3: The heart of the city in Auckland, vivbek Ceo sere's

586
00:28:09,413 --> 00:28:11,053
Speaker 3: a lot of that is to do with council decisions

587
00:28:11,053 --> 00:28:12,333
Speaker 3: and me and Andy cant.

588
00:28:12,013 --> 00:28:15,093
Speaker 2: And talking about Smith and Cooe. This text here Matt's

589
00:28:15,093 --> 00:28:17,173
Speaker 2: side night after hearing the theme to are you being served?

590
00:28:17,173 --> 00:28:19,213
Speaker 2: Do you remember that great shop on the corner of

591
00:28:19,333 --> 00:28:21,773
Speaker 2: a road in main Street in Dunedin which had the

592
00:28:21,773 --> 00:28:24,613
Speaker 2: old money system in which the money went into a pipe,

593
00:28:24,613 --> 00:28:29,173
Speaker 2: then around the shop and came back down with your change.

594
00:28:29,453 --> 00:28:32,413
Speaker 2: I do, Tracy, I do, but I can't remember the

595
00:28:32,493 --> 00:28:34,653
Speaker 2: name of the store. It wasn't the Dice, was it

596
00:28:34,733 --> 00:28:37,853
Speaker 2: the d C. It wasn't Arthur Barnett's. Anyway, people from

597
00:28:37,893 --> 00:28:39,933
Speaker 2: Dunedan will remember what the name of it had this

598
00:28:40,053 --> 00:28:44,293
Speaker 2: old tube system, those things. There's actually a cafe in

599
00:28:44,453 --> 00:28:47,693
Speaker 2: christ Church that has reinstitute the tube thing see four.

600
00:28:47,733 --> 00:28:49,933
Speaker 3: I think where you get your chips through? Yeah, I

601
00:28:49,973 --> 00:28:50,693
Speaker 3: love those things.

602
00:28:50,693 --> 00:28:53,093
Speaker 2: So back in the day, you know, you buy something

603
00:28:53,093 --> 00:28:55,133
Speaker 2: at the counter at this department store in Dunedin. They

604
00:28:55,213 --> 00:28:56,893
Speaker 2: probably had it at Smith and Coe at one point,

605
00:28:57,413 --> 00:28:59,373
Speaker 2: but they put it in a little all the stuff

606
00:28:59,413 --> 00:29:01,973
Speaker 2: in and the change we go sucked upstairs and someone

607
00:29:02,013 --> 00:29:03,973
Speaker 2: put it together and the change would come back down

608
00:29:04,013 --> 00:29:04,653
Speaker 2: this cool tube.

609
00:29:04,813 --> 00:29:07,413
Speaker 3: So new madic tubes. Yees, see one. I apologize see one.

610
00:29:07,453 --> 00:29:08,933
Speaker 3: Express on chrostches does that.

611
00:29:09,773 --> 00:29:12,053
Speaker 2: Matt and Tyler City rail Link will bring zero people

612
00:29:12,093 --> 00:29:14,693
Speaker 2: into the CBD. It just moves people around in the CBD.

613
00:29:15,133 --> 00:29:17,333
Speaker 2: Want to deal with the traffic position, work out how

614
00:29:17,333 --> 00:29:21,333
Speaker 2: to move people from Odiwa, Deiry Flat, Cleveland, et cetera,

615
00:29:21,413 --> 00:29:21,853
Speaker 2: in and out.

616
00:29:21,973 --> 00:29:25,253
Speaker 3: Okay, yep, fair enough too, right now, Dick, good to

617
00:29:25,773 --> 00:29:28,373
Speaker 3: chat with you. So you were on the Council advisory board,

618
00:29:28,413 --> 00:29:28,813
Speaker 3: is that right?

619
00:29:29,733 --> 00:29:32,693
Speaker 15: Yeah, that's right, Yes, Yes, I was a founding member

620
00:29:32,733 --> 00:29:37,693
Speaker 15: of the City Center Residence Group and I represented them

621
00:29:37,773 --> 00:29:43,253
Speaker 15: on the advisory board for a while and I even

622
00:29:43,293 --> 00:29:48,373
Speaker 15: actually stood for council at one stage before the supercity

623
00:29:48,493 --> 00:29:51,493
Speaker 15: was formed. So I've lived in the city for twenty

624
00:29:51,533 --> 00:29:57,733
Speaker 15: five years, and my main concern is that every conversation

625
00:29:57,933 --> 00:30:02,693
Speaker 15: I hear is about getting people into Auckland. What they

626
00:30:02,733 --> 00:30:05,693
Speaker 15: all overlook is there's about I don't know, the figure

627
00:30:05,773 --> 00:30:10,493
Speaker 15: is never finalized between thirty and fifty people of actually

628
00:30:10,493 --> 00:30:14,133
Speaker 15: live in the CBD, and no reference is made to

629
00:30:15,013 --> 00:30:20,933
Speaker 15: making it more amenable for them to use the CBD. Now,

630
00:30:20,933 --> 00:30:24,533
Speaker 15: there's a lot of reasons that you know that come up.

631
00:30:24,653 --> 00:30:29,373
Speaker 15: I mean, there's such a diversity of people. I mean,

632
00:30:29,373 --> 00:30:33,453
Speaker 15: we've got from students to old people like me and

633
00:30:34,933 --> 00:30:40,373
Speaker 15: you know, and there's just I don't know. Everything is

634
00:30:40,413 --> 00:30:43,893
Speaker 15: about getting more people into the city. And that used

635
00:30:43,933 --> 00:30:46,493
Speaker 15: to be the day when we lived in the suburbs.

636
00:30:46,533 --> 00:30:50,173
Speaker 15: But now people live in the city. We've got a

637
00:30:50,253 --> 00:30:50,973
Speaker 15: cater for them.

638
00:30:51,773 --> 00:30:52,933
Speaker 2: How would you cater for them day?

639
00:30:53,933 --> 00:30:59,773
Speaker 15: Well, it's to make footpaths usable, is to I mean,

640
00:31:00,253 --> 00:31:03,973
Speaker 15: as an old person, Fortunately I live in Hobson Street,

641
00:31:04,013 --> 00:31:10,893
Speaker 15: I'm able to come up via the Crown Plus escalators

642
00:31:10,933 --> 00:31:14,333
Speaker 15: and the Council escalators to get up the hill. But

643
00:31:14,573 --> 00:31:17,453
Speaker 15: you know, if I had to go up Victoria Street

644
00:31:18,813 --> 00:31:23,253
Speaker 15: or other streets these it's not easy. So maybe some

645
00:31:23,573 --> 00:31:28,213
Speaker 15: easier form of transport for older people and also to

646
00:31:29,893 --> 00:31:33,973
Speaker 15: just make shops more friendly. I mean, just across the

647
00:31:34,053 --> 00:31:37,173
Speaker 15: road there's the Albion Hotel. If you go in there

648
00:31:37,173 --> 00:31:40,173
Speaker 15: for a beer, you can't even hear yourself, think the noise.

649
00:31:40,253 --> 00:31:42,973
Speaker 15: They've all played this loud music. You ask them to

650
00:31:43,013 --> 00:31:45,493
Speaker 15: turn it down, they say, oh no, it's our policy.

651
00:31:45,893 --> 00:31:48,453
Speaker 15: You go into a cafe and they're blaring out music.

652
00:31:48,733 --> 00:31:51,533
Speaker 15: So there's no sort of comfort, there's no sort of

653
00:31:51,533 --> 00:31:55,013
Speaker 15: communal feel about any places that we go to.

654
00:31:55,573 --> 00:31:58,093
Speaker 2: Now, thank you for your called day. Yeah, I mean absolutely.

655
00:31:58,893 --> 00:32:00,533
Speaker 2: If you want the CBD to work, it has to

656
00:32:00,533 --> 00:32:03,533
Speaker 2: work for the thirty thousand people that live in the CBD.

657
00:32:03,533 --> 00:32:08,093
Speaker 2: We're talking about, I mean Auckland specifically, because there's a

658
00:32:08,093 --> 00:32:10,013
Speaker 2: lot of towns in New Zealand don't have thirty thousand

659
00:32:10,053 --> 00:32:13,093
Speaker 2: people at all. Yep, spot on now lords, that's it.

660
00:32:13,653 --> 00:32:16,933
Speaker 2: Penroses was the name of the store that had the tubes,

661
00:32:17,053 --> 00:32:19,573
Speaker 2: and apparently there's a few suction tubes around the country.

662
00:32:19,573 --> 00:32:23,173
Speaker 2: Ceec Wards and New Plymouth had the suction tubes. There

663
00:32:23,293 --> 00:32:27,013
Speaker 2: was one in Timuru that had the suction tubes for.

664
00:32:27,813 --> 00:32:30,013
Speaker 3: Bring those back numeric tubes.

665
00:32:30,133 --> 00:32:33,253
Speaker 2: That's the solution to our CBDs. We need more pneumatic

666
00:32:33,373 --> 00:32:38,373
Speaker 2: tube bringing the suction numatic tubes. Get your change. Oh

667
00:32:38,373 --> 00:32:40,213
Speaker 2: eight hundred eighty God. I love the music cat I

668
00:32:40,213 --> 00:32:42,453
Speaker 2: talk about it constantly and my mum took about that's

669
00:32:42,453 --> 00:32:44,413
Speaker 2: all I talk about. We're going into town to see

670
00:32:44,453 --> 00:32:46,053
Speaker 2: these tubes through the cheops, even the choops.

671
00:32:46,253 --> 00:32:48,493
Speaker 3: Such a little happy child in my twenties watching those

672
00:32:48,573 --> 00:32:50,653
Speaker 3: chips come through the tubes. That's see one expresso on

673
00:32:50,693 --> 00:32:54,693
Speaker 3: Gross Church Carol, Good afternoon, guys.

674
00:32:54,893 --> 00:32:56,693
Speaker 18: I mean, there's a lot to be said, but I

675
00:32:56,813 --> 00:33:00,493
Speaker 18: just want to make three points, which hopefully maybe thought provoking.

676
00:33:00,613 --> 00:33:02,933
Speaker 18: Is First of all, who is the city?

677
00:33:03,013 --> 00:33:03,253
Speaker 7: Four?

678
00:33:03,853 --> 00:33:06,213
Speaker 18: Is it for the council or is it for the

679
00:33:06,293 --> 00:33:12,053
Speaker 18: people meaning tourists, people who live in their retailers hospitality.

680
00:33:12,093 --> 00:33:14,813
Speaker 18: So that's the first thing, because it would appear that

681
00:33:15,053 --> 00:33:20,693
Speaker 18: the city is for the council. Second point, participation in

682
00:33:20,933 --> 00:33:24,853
Speaker 18: local body elections, now we all know that are pitifully low.

683
00:33:25,373 --> 00:33:28,653
Speaker 18: So if you're not going to participate, you can't grizzle

684
00:33:28,733 --> 00:33:32,693
Speaker 18: and grumble. And there is a ten year plan now

685
00:33:32,693 --> 00:33:35,253
Speaker 18: they call for submissions on the ten year plan or

686
00:33:35,413 --> 00:33:38,413
Speaker 18: five year plan or whatever. And once again, like the

687
00:33:38,493 --> 00:33:42,613
Speaker 18: participation in the local body elections. The submissions there's a

688
00:33:42,733 --> 00:33:46,253
Speaker 18: few and far between, are based on population, so once

689
00:33:46,253 --> 00:33:50,133
Speaker 18: again you're probably going to get decisions made based on

690
00:33:50,293 --> 00:33:55,173
Speaker 18: a minority of people. So, Raley, three things are outstanding

691
00:33:55,213 --> 00:33:58,493
Speaker 18: and not answered. I mean you've got problems to start

692
00:33:58,493 --> 00:33:58,813
Speaker 18: off with.

693
00:33:59,373 --> 00:34:03,413
Speaker 2: Yeah, absolutely, So who is the city for your first point?

694
00:34:04,013 --> 00:34:07,653
Speaker 2: I mean that's a really interesting question, and I would

695
00:34:07,693 --> 00:34:11,013
Speaker 2: say that the idea of a city is obviously to

696
00:34:11,093 --> 00:34:15,773
Speaker 2: facilitate business and to facility you know, the idea of

697
00:34:15,773 --> 00:34:20,893
Speaker 2: a CBD right absoletely facilitate business and make it as

698
00:34:20,933 --> 00:34:23,493
Speaker 2: easy as possible for companies to go to those businesses.

699
00:34:24,013 --> 00:34:26,413
Speaker 2: And that's any solution that you have has to have

700
00:34:26,453 --> 00:34:27,893
Speaker 2: that at the core. And you can have a bunch

701
00:34:27,933 --> 00:34:31,293
Speaker 2: of other ideologies that you think about, that you care about.

702
00:34:31,373 --> 00:34:34,413
Speaker 2: Maybe maybe it's environmental, maybe you just hate cars, which

703
00:34:34,413 --> 00:34:36,373
Speaker 2: these people do. But in the end, if your solution

704
00:34:36,533 --> 00:34:39,973
Speaker 2: doesn't bring people to the businesses in the city, then

705
00:34:40,053 --> 00:34:44,773
Speaker 2: whatever your solution is isn't isn't a thing. It's not

706
00:34:44,813 --> 00:34:45,413
Speaker 2: going to work.

707
00:34:45,493 --> 00:34:48,692
Speaker 18: I lived in Sydney for thirty odd years. George Street

708
00:34:48,733 --> 00:34:50,333
Speaker 18: and you guys will probably know, was one of the

709
00:34:50,373 --> 00:34:52,973
Speaker 18: main streets there and in recent times that made that

710
00:34:53,093 --> 00:34:56,613
Speaker 18: light rail, but of course took away all the parking

711
00:34:56,693 --> 00:34:59,693
Speaker 18: or what have you. But the light rail was there,

712
00:34:59,933 --> 00:35:01,893
Speaker 18: it was in place, it was done very quickly and

713
00:35:01,933 --> 00:35:05,453
Speaker 18: it is a good trip. But in Auckland nothing's happening,

714
00:35:05,453 --> 00:35:09,253
Speaker 18: and nothing's been happening for years. I live out and

715
00:35:09,333 --> 00:35:12,453
Speaker 18: how it I don't come into the city and this

716
00:35:12,573 --> 00:35:15,773
Speaker 18: I absolutely have to. And that's very rare because one

717
00:35:15,813 --> 00:35:17,813
Speaker 18: of the main issues I prefer to drive. I'm not

718
00:35:17,893 --> 00:35:20,573
Speaker 18: interested in catching a bus from how to Pama and

719
00:35:20,573 --> 00:35:24,413
Speaker 18: then from Pama onto a train and the reverse coming

720
00:35:24,453 --> 00:35:27,253
Speaker 18: back again. I just want to drive and get parking

721
00:35:27,573 --> 00:35:29,253
Speaker 18: and do what I want to do I need to do.

722
00:35:29,373 --> 00:35:32,573
Speaker 18: But I don't do that because all the parkings go on,

723
00:35:32,653 --> 00:35:34,933
Speaker 18: all the roads have changed or the now one way.

724
00:35:35,493 --> 00:35:37,813
Speaker 18: So this is not a city for the people. This

725
00:35:37,853 --> 00:35:41,213
Speaker 18: is the city for the council and the people who've

726
00:35:41,213 --> 00:35:45,093
Speaker 18: got different ideologies on that council, of which, as you say,

727
00:35:45,133 --> 00:35:47,333
Speaker 18: getting out of cars is one of the main things

728
00:35:47,533 --> 00:35:49,693
Speaker 18: pushing people out of cars. Well they're not pushing people

729
00:35:49,693 --> 00:35:52,812
Speaker 18: out of cars, they're pushing people elsewhere.

730
00:35:53,973 --> 00:35:55,293
Speaker 2: That's on Carol.

731
00:35:55,973 --> 00:35:57,973
Speaker 3: That's ninety five percent of other people who want to

732
00:35:57,973 --> 00:36:02,413
Speaker 3: get into the CBD. Absolutely right, lambs and tubes.

733
00:36:02,453 --> 00:36:05,773
Speaker 2: People are saying those things are called the pneumatic tubes. Well,

734
00:36:05,933 --> 00:36:08,333
Speaker 2: new meditubes may describe them, but I think the company

735
00:36:08,373 --> 00:36:09,653
Speaker 2: he was lengthen tubes.

736
00:36:09,693 --> 00:36:11,213
Speaker 3: All right, We're going to do a deep dive on

737
00:36:11,293 --> 00:36:13,533
Speaker 3: these tubes now I can feel it. Oh, eight hundred

738
00:36:13,533 --> 00:36:14,813
Speaker 3: and eighty ten eighty is the number.

739
00:36:14,893 --> 00:36:17,733
Speaker 2: Call coming up. There's someone who's he's from wangan Win.

740
00:36:17,973 --> 00:36:21,173
Speaker 3: He's sent through a text. It's some pretty egregious advice

741
00:36:21,173 --> 00:36:23,172
Speaker 3: for Aucklanders. I've got to say we may or may

742
00:36:23,213 --> 00:36:26,772
Speaker 3: not read that out. It is nine minutes to two.

743
00:36:26,893 --> 00:36:27,813
Speaker 2: Read it out, Tyler, all.

744
00:36:27,813 --> 00:36:32,773
Speaker 1: Right, Matt Heath, Taylor Adams taking your calls on eight

745
00:36:32,853 --> 00:36:35,733
Speaker 1: hundred and eighty ten eighty. It's Matt Heath and Tylor Adams.

746
00:36:35,773 --> 00:36:37,493
Speaker 1: Afternoons News Talks.

747
00:36:37,293 --> 00:36:41,133
Speaker 3: EDB, News Talks EDB. It is seven to two. So

748
00:36:41,213 --> 00:36:45,173
Speaker 3: this text that came in from Paul in Wanganui. He says,

749
00:36:45,213 --> 00:36:50,333
Speaker 3: I've got some fitting advice for Aucklander's leave. Leave the city.

750
00:36:50,373 --> 00:36:52,772
Speaker 3: The money from the sale of any property there will

751
00:36:52,813 --> 00:36:55,652
Speaker 3: most likely afford a mansion in a place like Wanganui.

752
00:36:55,693 --> 00:36:58,133
Speaker 3: Also access to some of the best hunting and fishing

753
00:36:58,133 --> 00:37:00,533
Speaker 3: in New Zealand. There's so much room to move in

754
00:37:00,573 --> 00:37:03,133
Speaker 3: this country. Aucklanders, get out of Auckland and find yourself

755
00:37:03,133 --> 00:37:03,692
Speaker 3: a real city.

756
00:37:04,373 --> 00:37:07,252
Speaker 2: Well, how do you know Marcus lash Night's fantastic show

757
00:37:07,293 --> 00:37:09,973
Speaker 2: on side? Yeah, I often find that I'm in sync

758
00:37:10,053 --> 00:37:12,692
Speaker 2: with his thoughts because how often do I bring something

759
00:37:12,733 --> 00:37:15,973
Speaker 2: up and they say that was on Marcus Lush last night. Obviously,

760
00:37:16,133 --> 00:37:18,293
Speaker 2: you fellas don't listen to Marcus Lush. He did a

761
00:37:18,333 --> 00:37:20,613
Speaker 2: deep dive into lambson tubes last night.

762
00:37:20,773 --> 00:37:24,652
Speaker 3: Yesday, Christina, Well, nice of you know, Marcus should have

763
00:37:24,653 --> 00:37:27,013
Speaker 3: told us that he's already done the research. We could

764
00:37:27,013 --> 00:37:32,733
Speaker 3: have saved some time. Lambson Tubes was at DIC in

765
00:37:33,093 --> 00:37:35,933
Speaker 3: Kirk Caddy Stains had them in Wellington, George and Georgia

766
00:37:35,933 --> 00:37:37,613
Speaker 3: and New Town. They were all the rage.

767
00:37:37,813 --> 00:37:41,293
Speaker 2: Yeah, bring them back, Bob. Your thoughts on what we

768
00:37:41,333 --> 00:37:43,413
Speaker 2: can do about our CBDs?

769
00:37:44,533 --> 00:37:49,893
Speaker 19: Ah, Yeah, I firmly believe that the councils have a

770
00:37:49,973 --> 00:37:53,813
Speaker 19: far too much involved in them, and what I would

771
00:37:53,853 --> 00:37:57,933
Speaker 19: recommend is that they've set up an overside committee, a

772
00:37:58,053 --> 00:38:02,933
Speaker 19: central one, but all councils have to put forward their

773
00:38:02,973 --> 00:38:07,853
Speaker 19: propositions for expenditure over a certain amount of money before

774
00:38:07,893 --> 00:38:12,133
Speaker 19: they can see it. The committee can be made up

775
00:38:12,173 --> 00:38:18,133
Speaker 19: of people with knowledge or all different aspects of what's required.

776
00:38:18,893 --> 00:38:22,573
Speaker 19: And instead of these people in councils, so we know

777
00:38:22,853 --> 00:38:27,973
Speaker 19: nothing really about anything other than giving a ways factor

778
00:38:28,013 --> 00:38:30,653
Speaker 19: from the council every month enough too.

779
00:38:30,773 --> 00:38:31,933
Speaker 2: Yeah sounds like Singapore.

780
00:38:32,213 --> 00:38:35,893
Speaker 3: Yeah, And I've got to say with the election coming

781
00:38:35,973 --> 00:38:39,613
Speaker 3: up in October, you know you've got an opportunity there

782
00:38:39,613 --> 00:38:42,333
Speaker 3: to voting councilors that may set up committees such as those.

783
00:38:42,893 --> 00:38:44,613
Speaker 2: Wow, I'm going to go and listen to the podcast

784
00:38:44,613 --> 00:38:48,093
Speaker 2: of Marcus the show. Is that lambs and tube stuff

785
00:38:48,133 --> 00:38:48,773
Speaker 2: that interests me?

786
00:38:48,893 --> 00:38:50,493
Speaker 3: Yeah, I need to find out more about these tubes

787
00:38:50,493 --> 00:38:52,573
Speaker 3: as well. Right, there has been a great discussion, thank

788
00:38:52,613 --> 00:38:54,173
Speaker 3: you very much, and wish we could carry it on.

789
00:38:54,253 --> 00:38:58,173
Speaker 3: But coming up very shortly the budget twenty twenty five

790
00:38:58,453 --> 00:39:00,533
Speaker 3: or will be Knowing and we will be joined by

791
00:39:00,733 --> 00:39:05,653
Speaker 3: Jason Walls, our political editor and Brad Olsen's CEO of Informetrics.

792
00:39:05,653 --> 00:39:07,493
Speaker 3: So we're going to break down all the key elements

793
00:39:07,533 --> 00:39:10,172
Speaker 3: out of the budget and as the hour goes along,

794
00:39:10,213 --> 00:39:12,533
Speaker 3: if you've got a question for Brad or Jason, you

795
00:39:12,613 --> 00:39:15,933
Speaker 3: can text that question through to nine to nine two.

796
00:39:16,053 --> 00:39:19,733
Speaker 3: But the budget twenty twenty five coverage starts in about

797
00:39:19,773 --> 00:39:22,333
Speaker 3: four minutes. Time, news, sport and weather on its way.

798
00:39:22,333 --> 00:39:24,573
Speaker 3: You're listening to Matt and Tyler. Very good afternoon to you.

799
00:39:24,613 --> 00:39:25,692
Speaker 3: So you're on the other side.

800
00:39:25,853 --> 00:39:27,933
Speaker 2: They could do run it straight down Queen Street. That'll

801
00:39:27,933 --> 00:39:42,853
Speaker 2: get people involved.

802
00:39:56,053 --> 00:39:59,893
Speaker 1: Talking with you all afternoon. It's Matt Heathen, Taylor Adams

803
00:39:59,933 --> 00:40:01,733
Speaker 1: Afternoons used talks.

804
00:40:01,773 --> 00:40:02,013
Speaker 6: It be.

805
00:40:03,533 --> 00:40:05,533
Speaker 2: Well, the wait is over.

806
00:40:05,853 --> 00:40:08,293
Speaker 3: No more sleeps until budget day because it is here

807
00:40:08,813 --> 00:40:12,493
Speaker 3: right now, and there are some changes within that budget,

808
00:40:12,493 --> 00:40:13,373
Speaker 3: as you can expect.

809
00:40:13,493 --> 00:40:15,013
Speaker 2: Key we save it included.

810
00:40:15,053 --> 00:40:17,733
Speaker 3: But to have a quick analysis and break down some

811
00:40:17,773 --> 00:40:20,253
Speaker 3: of the key highlights, we are joined by our political

812
00:40:20,373 --> 00:40:21,533
Speaker 3: editor Jason Wills.

813
00:40:21,613 --> 00:40:22,693
Speaker 2: Jason Ghetto mates.

814
00:40:22,933 --> 00:40:26,173
Speaker 5: Good afternoon boys. How you doing. Happy budget afternoon. I

815
00:40:26,213 --> 00:40:28,732
Speaker 5: know we already said happy budget day, but happy after

816
00:40:28,733 --> 00:40:31,613
Speaker 5: budget afternoon. We've just come out of the most stressful

817
00:40:31,693 --> 00:40:34,173
Speaker 5: ten minutes of the year for a reporter. Basically, we

818
00:40:34,253 --> 00:40:36,933
Speaker 5: have this ten minute window where we're allowed to file stories,

819
00:40:36,973 --> 00:40:41,093
Speaker 5: so we're making sure the logistics of what happens in

820
00:40:41,173 --> 00:40:43,253
Speaker 5: terms of that news bulletin that you just heard and

821
00:40:43,493 --> 00:40:47,893
Speaker 5: the incredible, magnanimous, Sophie, trigger hustling as always from the

822
00:40:48,253 --> 00:40:50,933
Speaker 5: governments or from the budget lock up room down to

823
00:40:51,173 --> 00:40:52,053
Speaker 5: zb's offices.

824
00:40:52,093 --> 00:40:52,853
Speaker 2: So we're ready to go.

825
00:40:52,973 --> 00:40:54,292
Speaker 5: How are you feeling, Brad.

826
00:40:54,173 --> 00:40:54,773
Speaker 2: I'm feeling good.

827
00:40:54,813 --> 00:40:56,573
Speaker 20: I mean, there's a lot of detail to go through,

828
00:40:56,613 --> 00:40:58,573
Speaker 20: but I think we're pretty well across at some big

829
00:40:58,573 --> 00:41:00,533
Speaker 20: stuff that we sort of knew about, some stuff we

830
00:41:00,573 --> 00:41:02,933
Speaker 20: probably didn't think would come through, but then a whole

831
00:41:03,013 --> 00:41:05,173
Speaker 20: lot of other small details that we're still going to

832
00:41:05,213 --> 00:41:06,893
Speaker 20: have to get wrap our heads around for the next hour.

833
00:41:06,973 --> 00:41:09,253
Speaker 2: Well, what of the highlights should we should we kick

834
00:41:09,333 --> 00:41:10,253
Speaker 2: right into the highlights.

835
00:41:10,333 --> 00:41:12,333
Speaker 5: We'll kick right into the highlights. I would have to say.

836
00:41:12,373 --> 00:41:14,573
Speaker 5: Probably the one thing in here that you're going to

837
00:41:14,613 --> 00:41:17,053
Speaker 5: be hearing about for the rest of today and potentially

838
00:41:17,093 --> 00:41:20,253
Speaker 5: the next couple of years is those changes to Kiwi Saver.

839
00:41:20,453 --> 00:41:23,693
Speaker 5: We knew that this was coming, but we've got some

840
00:41:23,733 --> 00:41:27,133
Speaker 5: confirmation today. Budget twenty twenty five improves ki We Save

841
00:41:27,253 --> 00:41:30,413
Speaker 5: us to encourage Kiwis to save more for their first

842
00:41:30,453 --> 00:41:34,773
Speaker 5: home and retirement while making the scheme more fiscally sustainable. Now,

843
00:41:34,813 --> 00:41:37,293
Speaker 5: how's Nikola Willis going to do this? Well, she is

844
00:41:37,373 --> 00:41:41,613
Speaker 5: raising the default rate of employees and matching employer KIWI

845
00:41:41,693 --> 00:41:45,213
Speaker 5: saver contributions from three to four percent of salary and

846
00:41:45,293 --> 00:41:48,333
Speaker 5: wages and that's phased in over three years, so the

847
00:41:48,373 --> 00:41:51,893
Speaker 5: default rage way the default rate before was three percent.

848
00:41:52,173 --> 00:41:56,213
Speaker 5: That is being lifted progressively to four percent. They're also

849
00:41:56,853 --> 00:41:59,093
Speaker 5: doing a number of other things and a lot of areas,

850
00:41:59,093 --> 00:42:01,053
Speaker 5: and you're going to hear us go through those in

851
00:42:01,213 --> 00:42:03,732
Speaker 5: the coming hour. But you know, in terms of other

852
00:42:03,813 --> 00:42:06,773
Speaker 5: major highlights, I mean, going into the budget, Brad, we

853
00:42:06,853 --> 00:42:10,333
Speaker 5: heard a lot about the reprioritysition in terms of the

854
00:42:10,373 --> 00:42:12,853
Speaker 5: PA equity changes, and we've seen those numbers today.

855
00:42:13,013 --> 00:42:15,893
Speaker 20: Indeed, I mean, the government's looking to save nearly thirteen

856
00:42:15,973 --> 00:42:18,933
Speaker 20: billion dollars from not proceeding with the previous PA equity

857
00:42:19,013 --> 00:42:21,493
Speaker 20: changes that we're going to come through. That is a

858
00:42:21,493 --> 00:42:24,333
Speaker 20: substantial amount of the total savings. That is funding or

859
00:42:24,373 --> 00:42:27,252
Speaker 20: allowing that funding for other initiatives. And Budget twenty twenty five,

860
00:42:27,613 --> 00:42:29,813
Speaker 20: there is still money that the government has kept aside

861
00:42:29,813 --> 00:42:32,133
Speaker 20: for pay equity claims into the future, but they're not

862
00:42:32,173 --> 00:42:33,693
Speaker 20: telling us about it at the moment. They call that

863
00:42:33,693 --> 00:42:37,413
Speaker 20: commercially sensitive and they think it will threaten those future conversations.

864
00:42:37,413 --> 00:42:38,893
Speaker 20: But there is money set aside.

865
00:42:38,933 --> 00:42:41,573
Speaker 5: Indeed, and Nikola Willis has called this the growth budget,

866
00:42:41,613 --> 00:42:44,493
Speaker 5: She's called it the nobs B budget. Brad, what are

867
00:42:44,533 --> 00:42:44,973
Speaker 5: you calling it?

868
00:42:45,053 --> 00:42:47,493
Speaker 20: I'm calling this the switch at budget because you've seen

869
00:42:47,533 --> 00:42:50,333
Speaker 20: a lot of initiatives here that you're getting more from. Great,

870
00:42:50,533 --> 00:42:52,293
Speaker 20: but at the same time something's got to pay for it.

871
00:42:52,333 --> 00:42:54,013
Speaker 20: Other stuff as being cut out, so you're getting a

872
00:42:54,013 --> 00:42:56,013
Speaker 20: switch from one thing to another when it comes to

873
00:42:56,053 --> 00:42:56,693
Speaker 20: government spending.

874
00:42:56,693 --> 00:42:59,172
Speaker 3: This time, well, as this is incredibly interesting, what we're

875
00:42:59,173 --> 00:43:00,773
Speaker 3: going to do. We're going to play some messages and

876
00:43:00,773 --> 00:43:02,613
Speaker 3: then come back because we really want to zero went

877
00:43:02,693 --> 00:43:05,253
Speaker 3: on that key WE saver and those changes that will

878
00:43:05,293 --> 00:43:08,093
Speaker 3: be significant for a lot of businesses. So just hold

879
00:43:08,133 --> 00:43:09,893
Speaker 3: there and we're going to have some fun with it.

880
00:43:09,893 --> 00:43:12,453
Speaker 3: It is ten past two. We're joined by our chief

881
00:43:12,453 --> 00:43:17,293
Speaker 3: political reporter, Jason Wolves and CEO of Infometrics Brad Olson.

882
00:43:17,373 --> 00:43:20,093
Speaker 3: If you've got any questions throughout this hour about the budget,

883
00:43:20,133 --> 00:43:22,693
Speaker 3: text them through nine two ninety two back fore shortly

884
00:43:22,733 --> 00:43:25,293
Speaker 3: here on News Talks edb W.

885
00:43:26,413 --> 00:43:30,573
Speaker 1: Your home of afternoon talk Mad Heathen Taylor Adams afternoons,

886
00:43:30,773 --> 00:43:33,813
Speaker 1: call oh eight hundred eighty ten eighty News Talks.

887
00:43:33,573 --> 00:43:37,613
Speaker 3: Edb Good afternoon, and we are breaking down budget twenty

888
00:43:37,733 --> 00:43:42,733
Speaker 3: twenty five with our chief political editor, Jason wolves Kidd. Jason,

889
00:43:42,773 --> 00:43:46,413
Speaker 3: welcome back in good afternoon, and we've also got CEO

890
00:43:46,493 --> 00:43:49,453
Speaker 3: of Infometrics and principal economist Brad Olsen.

891
00:43:49,533 --> 00:43:51,893
Speaker 2: Great too, have you as well. Brad. It's great to

892
00:43:51,933 --> 00:43:53,693
Speaker 2: be here. So let's break down.

893
00:43:53,613 --> 00:43:55,053
Speaker 3: Keep you say it because this will be big for

894
00:43:55,253 --> 00:43:57,653
Speaker 3: a lot of people, affecting a lot of New Zealanders

895
00:43:57,693 --> 00:44:00,933
Speaker 3: and also a lot of businesses. So Brad, just a

896
00:44:01,013 --> 00:44:03,533
Speaker 3: question for you. How do you think this will land

897
00:44:03,573 --> 00:44:07,613
Speaker 3: for businesses having to increase that contribution rate another percent?

898
00:44:07,733 --> 00:44:09,413
Speaker 3: Is that going to worry some of them?

899
00:44:09,853 --> 00:44:12,253
Speaker 20: Look, I think it will be a question for particularly

900
00:44:12,293 --> 00:44:14,653
Speaker 20: some of the smaller businesses around how they achieve that.

901
00:44:14,693 --> 00:44:15,933
Speaker 20: I mean, they're going to have to They're going to

902
00:44:15,973 --> 00:44:17,933
Speaker 20: have to figure out, of course, a way to make

903
00:44:18,013 --> 00:44:19,813
Speaker 20: it work. But I think that will then come down

904
00:44:19,853 --> 00:44:22,133
Speaker 20: to the conversation that they'll have with employees. You know,

905
00:44:22,133 --> 00:44:23,813
Speaker 20: do they just top it up in general? Does that

906
00:44:23,893 --> 00:44:25,613
Speaker 20: mean that you might have a little bit less take

907
00:44:25,653 --> 00:44:27,453
Speaker 20: home pay and a bit more that goes into the

908
00:44:27,493 --> 00:44:30,692
Speaker 20: Kei we saver? Most most importantly, the government's also given

909
00:44:30,693 --> 00:44:32,813
Speaker 20: this a bit of time to bed and so it's

910
00:44:32,813 --> 00:44:36,093
Speaker 20: not coming through late to night on budget nights. That

911
00:44:36,133 --> 00:44:39,013
Speaker 20: four percent contribution rate not coming through until twenty twenty eight,

912
00:44:39,053 --> 00:44:41,053
Speaker 20: so a bit of time for businesses to figure out

913
00:44:41,173 --> 00:44:42,973
Speaker 20: how they pay for it. At the same time, and

914
00:44:42,973 --> 00:44:45,373
Speaker 20: probably most importantly, yes, you might have to pay a

915
00:44:45,413 --> 00:44:47,252
Speaker 20: bit more on key we Saver, but at the same

916
00:44:47,253 --> 00:44:49,893
Speaker 20: time you're now able to have a much more greater

917
00:44:49,973 --> 00:44:52,093
Speaker 20: level of advanced appreciation. So I feel like from a

918
00:44:52,133 --> 00:44:53,853
Speaker 20: net business point of view, yep, you'll have to make

919
00:44:53,893 --> 00:44:56,653
Speaker 20: some key we sav changes, but you're probably happy enough overall.

920
00:44:57,693 --> 00:44:59,933
Speaker 2: So with that sort of a rollout time, I guess

921
00:45:00,053 --> 00:45:01,732
Speaker 2: people a lot a lot of it will be done

922
00:45:01,773 --> 00:45:06,133
Speaker 2: in contract negotiations going forward, as opposed to just happening

923
00:45:06,213 --> 00:45:08,293
Speaker 2: right now and being taken out of people's wages.

924
00:45:08,693 --> 00:45:10,973
Speaker 5: Well, that was the impression that Nicola Willis gave, because

925
00:45:10,973 --> 00:45:12,493
Speaker 5: that was one of the questions that I asked her

926
00:45:12,533 --> 00:45:14,732
Speaker 5: in the budget lock up. I mean, she was at

927
00:45:14,733 --> 00:45:17,413
Speaker 5: pains to talk about growth. This is the growth budget,

928
00:45:17,453 --> 00:45:20,133
Speaker 5: and I'm thinking, hang on a second, doesn't sound very

929
00:45:20,133 --> 00:45:23,212
Speaker 5: growth inducive for a company, a small company that's having

930
00:45:23,213 --> 00:45:26,813
Speaker 5: to ratchet up those key we Save A contributions, so exactly,

931
00:45:26,893 --> 00:45:28,733
Speaker 5: so this is gonna be the time when you're gonna

932
00:45:28,813 --> 00:45:30,853
Speaker 5: if you're out there and you're talking to your employer

933
00:45:30,973 --> 00:45:33,652
Speaker 5: right now, this is the time to have those conversations

934
00:45:33,653 --> 00:45:37,093
Speaker 5: about with you actually or how this works within your

935
00:45:37,133 --> 00:45:39,453
Speaker 5: employment contribution as well. I mean, there's a number of

936
00:45:39,533 --> 00:45:41,893
Speaker 5: other things that happened in the Key we Save A space,

937
00:45:41,933 --> 00:45:44,333
Speaker 5: and Nicola Willis was quite keen to point out that

938
00:45:44,413 --> 00:45:46,773
Speaker 5: this was and she even referenced Michael Collin when she

939
00:45:46,853 --> 00:45:48,933
Speaker 5: was in there talking about something. She'd been rereading some

940
00:45:49,013 --> 00:45:52,893
Speaker 5: of his speeches and she we just have this overall

941
00:45:52,973 --> 00:45:57,893
Speaker 5: sense that superannuation and retirement in New Zealand is it's

942
00:45:57,893 --> 00:46:00,413
Speaker 5: a bit risky. We've got some problems into the future,

943
00:46:00,413 --> 00:46:02,613
Speaker 5: and this is the government tackling it head on. And

944
00:46:02,653 --> 00:46:05,813
Speaker 5: there's also another component of this. The annual government contribution

945
00:46:06,213 --> 00:46:09,173
Speaker 5: will be halfed from twenty five cents for every dollar

946
00:46:09,333 --> 00:46:11,652
Speaker 5: a member contributes each year up to a maximum of

947
00:46:11,653 --> 00:46:14,652
Speaker 5: two hundred and sixty dollars. Members with an income of

948
00:46:14,693 --> 00:46:17,613
Speaker 5: more than one hundred and eighty thousand dollars will no

949
00:46:17,693 --> 00:46:20,652
Speaker 5: longer receive the government contribution, so they're taking a bit

950
00:46:20,693 --> 00:46:22,573
Speaker 5: of liability off their rond books here.

951
00:46:23,253 --> 00:46:25,533
Speaker 2: Yees, So I mean what percentage of the people is

952
00:46:25,573 --> 00:46:27,733
Speaker 2: that going to affect that one hundred and eighty k.

953
00:46:27,853 --> 00:46:29,053
Speaker 2: That's not going to save them a lot of money,

954
00:46:29,093 --> 00:46:29,333
Speaker 2: is it?

955
00:46:29,773 --> 00:46:31,413
Speaker 20: Well, it saves them a bit over time, But I

956
00:46:31,413 --> 00:46:33,373
Speaker 20: think importantly it's one of those areas where it's just

957
00:46:33,493 --> 00:46:35,453
Speaker 20: pretty hard to defend these days and say, look, we're

958
00:46:35,493 --> 00:46:37,692
Speaker 20: government's going to give five hundred and twenty one bucks

959
00:46:37,733 --> 00:46:40,613
Speaker 20: every year to everyone, including those earning over one hundred

960
00:46:40,653 --> 00:46:42,213
Speaker 20: and eighty k. It just seems sort of, you know,

961
00:46:42,293 --> 00:46:44,813
Speaker 20: unreasonable and unsustainable. But I mean the question I think

962
00:46:44,853 --> 00:46:46,733
Speaker 20: going forward will be will this sort of change how

963
00:46:46,773 --> 00:46:49,493
Speaker 20: people save and somemer I mean, guys, you guys probably

964
00:46:49,493 --> 00:46:51,692
Speaker 20: are a presumer and key we saver as well. I mean,

965
00:46:51,813 --> 00:46:52,893
Speaker 20: what's your initial.

966
00:46:52,573 --> 00:46:53,133
Speaker 2: Reaction to it?

967
00:46:53,173 --> 00:46:54,573
Speaker 20: Is it going to shift what you do with your

968
00:46:54,653 --> 00:46:56,213
Speaker 20: key saver or are you just going to sort of

969
00:46:56,413 --> 00:46:57,013
Speaker 20: plod along?

970
00:46:58,133 --> 00:47:00,133
Speaker 2: Look, I'm pretty I'm pretty bullished Key we save a

971
00:47:00,253 --> 00:47:02,013
Speaker 2: kind of guy. I pump in a lot more than

972
00:47:02,013 --> 00:47:05,692
Speaker 2: I need to. And yeah, I'm the same, I mean

973
00:47:06,293 --> 00:47:09,813
Speaker 2: too much away, but yeah, but yes, some of it

974
00:47:09,813 --> 00:47:10,293
Speaker 2: I don't.

975
00:47:10,093 --> 00:47:12,613
Speaker 3: Tell us more, tell us more, man, I say, I've

976
00:47:12,613 --> 00:47:14,333
Speaker 3: got to say, Fellows an extra one percent, is it

977
00:47:14,413 --> 00:47:15,453
Speaker 3: going to be a game changer?

978
00:47:15,533 --> 00:47:16,253
Speaker 2: No, not for me.

979
00:47:16,733 --> 00:47:19,893
Speaker 3: Will it be an extra incentive for perhaps younger workers

980
00:47:19,933 --> 00:47:22,692
Speaker 3: to stay in that scheme which is better for them

981
00:47:22,773 --> 00:47:24,493
Speaker 3: and better for us as a country. If we up

982
00:47:24,533 --> 00:47:26,893
Speaker 3: those saving levels, then I think that is a good thing.

983
00:47:27,173 --> 00:47:29,893
Speaker 3: But I do worry again about the extra pressure on

984
00:47:29,933 --> 00:47:32,172
Speaker 3: businesses at a time when they need all the help

985
00:47:32,213 --> 00:47:34,813
Speaker 3: they can get to boost that confidence to get us

986
00:47:34,853 --> 00:47:36,333
Speaker 3: out of the rut we're in at the moment. But

987
00:47:36,373 --> 00:47:39,333
Speaker 3: as you say, Brad, moving it over the space of

988
00:47:39,893 --> 00:47:42,773
Speaker 3: three years, next year going to three point five and

989
00:47:42,813 --> 00:47:44,893
Speaker 3: then on April the first moving up to four percent

990
00:47:44,893 --> 00:47:46,533
Speaker 3: will give them time to adjust, right.

991
00:47:47,133 --> 00:47:49,133
Speaker 20: Definitely, But I think as well, I mean, don't discount

992
00:47:49,173 --> 00:47:50,853
Speaker 20: how much of an impact it could have.

993
00:47:50,933 --> 00:47:50,973
Speaker 6: It.

994
00:47:51,053 --> 00:47:52,413
Speaker 20: I mean I know that you know, if you've been

995
00:47:52,453 --> 00:47:54,253
Speaker 20: and keep you save for a while, it might not

996
00:47:54,293 --> 00:47:56,333
Speaker 20: sound like a lot. But one of the scenarios that

997
00:47:56,413 --> 00:47:58,652
Speaker 20: comes through here, Let's assume that you've got a working parent, right,

998
00:47:58,693 --> 00:48:02,013
Speaker 20: they're currently earning about sixty thousand dollars they've got they're

999
00:48:02,013 --> 00:48:04,333
Speaker 20: going to have a child at say twenty eight, and

1000
00:48:04,373 --> 00:48:06,373
Speaker 20: then another one at thirty one. They're going to take

1001
00:48:06,373 --> 00:48:08,213
Speaker 20: some savings out when they're thirty or so they need

1002
00:48:08,213 --> 00:48:10,773
Speaker 20: a purchase a home. That means that before they were

1003
00:48:10,773 --> 00:48:13,293
Speaker 20: going to have about fifteen thousand, eight hundred bucks for

1004
00:48:13,333 --> 00:48:16,493
Speaker 20: the first home deposit. Under these changes, for someone who

1005
00:48:16,613 --> 00:48:18,813
Speaker 20: is starting to move through from age twenty five today,

1006
00:48:19,293 --> 00:48:22,493
Speaker 20: they'll be now nine percent better off, up to seventeen thousand,

1007
00:48:22,573 --> 00:48:24,293
Speaker 20: two hundred from fifteen eight hundred.

1008
00:48:24,453 --> 00:48:24,973
Speaker 2: So it does.

1009
00:48:25,013 --> 00:48:26,813
Speaker 20: It makes a difference in terms of the house to posit.

1010
00:48:27,053 --> 00:48:29,813
Speaker 20: More importantly, you go out to sixty five when you're

1011
00:48:29,853 --> 00:48:33,093
Speaker 20: needing to use your Kiwi Saver. Previously, that working parent

1012
00:48:33,133 --> 00:48:35,253
Speaker 20: would have had just under four hundred k of ki

1013
00:48:35,253 --> 00:48:37,453
Speaker 20: We Saver to use. Now under this it'll be over

1014
00:48:37,533 --> 00:48:39,173
Speaker 20: five hundred k. That's a big saving.

1015
00:48:39,293 --> 00:48:40,973
Speaker 5: And the other side of this, of course is that

1016
00:48:41,013 --> 00:48:44,212
Speaker 5: big Kiwi Saver capital pool in terms of how much

1017
00:48:44,253 --> 00:48:47,053
Speaker 5: money there is therein to invest in. Nikola Willis is

1018
00:48:47,093 --> 00:48:49,253
Speaker 5: really wanting to drive that to sort of Kiwi assets.

1019
00:48:49,253 --> 00:48:51,373
Speaker 5: I mean, at the moment, Key we Save a membership

1020
00:48:51,453 --> 00:48:53,733
Speaker 5: is three point three million people with a total of

1021
00:48:53,853 --> 00:48:57,373
Speaker 5: one hundred and eleven point eight billion dollars in funds

1022
00:48:57,453 --> 00:49:00,813
Speaker 5: under management. Even this small ratcheting up of three to

1023
00:49:00,893 --> 00:49:03,373
Speaker 5: four is going to see that pie grow a lot bigger,

1024
00:49:03,413 --> 00:49:05,493
Speaker 5: and Nicola Willis is helping a lot of that could

1025
00:49:05,493 --> 00:49:09,973
Speaker 5: be used on funding some Kiwi infrastructure, qui assets.

1026
00:49:09,853 --> 00:49:12,533
Speaker 2: Any mention of all at all around Super.

1027
00:49:13,933 --> 00:49:16,373
Speaker 20: Not directly. I think, in fact, that's probably the one

1028
00:49:16,413 --> 00:49:17,773
Speaker 20: area the government doesn't want to.

1029
00:49:17,733 --> 00:49:18,333
Speaker 2: Talk about that.

1030
00:49:18,893 --> 00:49:20,853
Speaker 20: I have looked at the numbers and I can tell

1031
00:49:20,893 --> 00:49:23,093
Speaker 20: you that in the current fiscal year, New Zealand's going

1032
00:49:23,133 --> 00:49:26,252
Speaker 20: to be spending twenty three billion dollars on New Zealand Super,

1033
00:49:26,973 --> 00:49:30,733
Speaker 20: fourteen percent of total crown spending more than the education budget.

1034
00:49:30,773 --> 00:49:33,053
Speaker 20: I mean, the numbers are starting to get a little

1035
00:49:33,093 --> 00:49:34,933
Speaker 20: bit worrying in terms of just how big they are.

1036
00:49:35,013 --> 00:49:37,453
Speaker 20: So look, every time we talk about Jesus the government

1037
00:49:37,493 --> 00:49:40,373
Speaker 20: living within its means or not, remember that fourteen fifteen

1038
00:49:40,413 --> 00:49:43,053
Speaker 20: percent of every single dollar that you were contributing through

1039
00:49:43,093 --> 00:49:45,373
Speaker 20: in your text is going straight to Super and nothing else.

1040
00:49:45,453 --> 00:49:48,133
Speaker 3: Yeah, very very nicely said hey, there's a question here,

1041
00:49:48,453 --> 00:49:51,053
Speaker 3: Hey guys, could you please ask your experts. Would it

1042
00:49:51,093 --> 00:49:53,733
Speaker 3: not have made more sense for the government or the

1043
00:49:53,733 --> 00:49:55,933
Speaker 3: employee contribution to go up to four percent, and then

1044
00:49:55,973 --> 00:49:58,293
Speaker 3: they remove the tax on the three percent from the

1045
00:49:58,333 --> 00:49:59,293
Speaker 3: employer contribution.

1046
00:50:00,573 --> 00:50:02,733
Speaker 20: Yeah, there is a part of that that's come through.

1047
00:50:03,213 --> 00:50:05,533
Speaker 20: The government I think is actually booking a little bit

1048
00:50:05,573 --> 00:50:08,252
Speaker 20: of that additional text revenue that they're getting. So, because

1049
00:50:08,333 --> 00:50:10,493
Speaker 20: they need to sort of make the scheme sustainable, they're

1050
00:50:10,533 --> 00:50:13,653
Speaker 20: actually now booking some of that additional revenue base maintaining

1051
00:50:13,693 --> 00:50:17,573
Speaker 20: the tax on the employer contribution they're bringing forward. I

1052
00:50:17,573 --> 00:50:19,253
Speaker 20: think it's something like half a billion dollars or so

1053
00:50:19,293 --> 00:50:21,173
Speaker 20: that comes through. So that they could have, but it

1054
00:50:21,213 --> 00:50:24,213
Speaker 20: would have meant that the change was not only affecting

1055
00:50:24,253 --> 00:50:26,933
Speaker 20: households and businesses, but also would have been affecting the

1056
00:50:26,933 --> 00:50:29,652
Speaker 20: government's own spending. And I just don't think they were

1057
00:50:29,733 --> 00:50:31,373
Speaker 20: quite as willing to let that one happen.

1058
00:50:31,493 --> 00:50:32,853
Speaker 2: Yeah, very good fellows.

1059
00:50:32,853 --> 00:50:35,093
Speaker 3: We're going to take a break, but when we come back,

1060
00:50:35,173 --> 00:50:37,652
Speaker 3: let's have a chat about where the money is coming from.

1061
00:50:37,653 --> 00:50:40,173
Speaker 3: That has been a big question with this budget, so

1062
00:50:40,333 --> 00:50:42,733
Speaker 3: stand by for that. We're joined by Jason Walls, our

1063
00:50:42,773 --> 00:50:46,813
Speaker 3: political editor and CEO of Infometrics, Brad Olson. It is

1064
00:50:46,933 --> 00:50:48,013
Speaker 3: twenty past two.

1065
00:50:50,413 --> 00:50:53,293
Speaker 1: Who's getting paid and what's going on? The back burner

1066
00:50:53,413 --> 00:50:56,373
Speaker 1: Budget twenty twenty five with Matt Heath and Tyler Adams

1067
00:50:56,413 --> 00:50:57,293
Speaker 1: News Dogs.

1068
00:50:57,013 --> 00:50:57,973
Speaker 2: There'd be yes.

1069
00:50:58,013 --> 00:51:00,893
Speaker 3: We are analyzing budget twenty twenty five with our political

1070
00:51:01,013 --> 00:51:06,173
Speaker 3: editor Jason Walls and CEO of Informetrics Brad Olson Fellers.

1071
00:51:06,213 --> 00:51:08,653
Speaker 2: Great to have you with us. Thank you so much,

1072
00:51:08,773 --> 00:51:11,693
Speaker 2: Ta Tame. The big question always is where is the

1073
00:51:11,693 --> 00:51:12,493
Speaker 2: money coming from?

1074
00:51:12,893 --> 00:51:15,493
Speaker 5: Show me the money. That was Nikola Willis in the

1075
00:51:15,573 --> 00:51:18,812
Speaker 5: house yesterday and you'll remember she learned at the feet

1076
00:51:18,813 --> 00:51:20,693
Speaker 5: of John Key because she was in his office and

1077
00:51:20,733 --> 00:51:23,573
Speaker 5: that was his iconic blind back in twenty eleven. But yes,

1078
00:51:23,773 --> 00:51:26,013
Speaker 5: of course a Nicola Willis budget is going to be

1079
00:51:26,053 --> 00:51:28,613
Speaker 5: all about where does the money come from? And of

1080
00:51:28,653 --> 00:51:31,533
Speaker 5: course I mentioned it at the top, the changes tourd

1081
00:51:31,533 --> 00:51:34,573
Speaker 5: to pay equity and to run you through those again,

1082
00:51:34,653 --> 00:51:37,613
Speaker 5: eleven billion dollars operating over the forecast period that is

1083
00:51:37,653 --> 00:51:40,733
Speaker 5: four years, and an additional one point eight billion allocated

1084
00:51:40,773 --> 00:51:43,413
Speaker 5: for capital investments. Or take those two together you're looking

1085
00:51:43,453 --> 00:51:47,533
Speaker 5: at thirteen billion dollars extra over the forecast period over

1086
00:51:47,573 --> 00:51:50,333
Speaker 5: the next four years. Now, before the budget, there was

1087
00:51:50,373 --> 00:51:53,093
Speaker 5: this interesting back and forth, wasn't there between the likes

1088
00:51:53,093 --> 00:51:56,173
Speaker 5: of the Act parties Brook van Velden and David Seymour

1089
00:51:56,333 --> 00:51:58,733
Speaker 5: and the Prime Minister and Nicola Willis. In fact that

1090
00:51:58,813 --> 00:52:02,053
Speaker 5: David Seymour said that Brooke had quote saved the budget

1091
00:52:02,213 --> 00:52:04,333
Speaker 5: with this amount of money, and Brad looking at us,

1092
00:52:04,533 --> 00:52:06,573
Speaker 5: I don't think there's any way they could have got

1093
00:52:06,573 --> 00:52:09,133
Speaker 5: anywhere near what they wanted to do with out this money.

1094
00:52:09,373 --> 00:52:09,973
Speaker 2: No, that's true.

1095
00:52:10,013 --> 00:52:11,693
Speaker 20: I mean the government could not have balanced the books

1096
00:52:11,693 --> 00:52:13,733
Speaker 20: that they've got today. They couldn't have announced a lot

1097
00:52:13,773 --> 00:52:16,333
Speaker 20: of these further initiatives. I think realistically, what would have

1098
00:52:16,373 --> 00:52:18,573
Speaker 20: happened if they didn't as a government make these pay

1099
00:52:18,573 --> 00:52:20,533
Speaker 20: equity changes. You wouldn't have seen some of those other

1100
00:52:20,613 --> 00:52:23,693
Speaker 20: bigger announcements, in particular the likes of the you know,

1101
00:52:23,733 --> 00:52:26,333
Speaker 20: one point seven billion dollars or so for the investment

1102
00:52:26,373 --> 00:52:28,693
Speaker 20: boost like that would have been just completely impossible to

1103
00:52:28,813 --> 00:52:32,013
Speaker 20: even provide for. Government only had one point three billion

1104
00:52:32,053 --> 00:52:35,533
Speaker 20: dollars of operating allowance. It's found it committed an extra

1105
00:52:35,573 --> 00:52:38,733
Speaker 20: six point seven billion dollars in this budget of new spending.

1106
00:52:38,893 --> 00:52:40,732
Speaker 20: But to sort of make all the numbers work, it's

1107
00:52:40,733 --> 00:52:43,053
Speaker 20: had to find over five point three billion dollars worth

1108
00:52:43,093 --> 00:52:45,133
Speaker 20: of savings. A lot of that coming from the pay

1109
00:52:45,173 --> 00:52:46,333
Speaker 20: equity changes.

1110
00:52:46,693 --> 00:52:50,493
Speaker 2: But some pay equity deals are still going to go through.

1111
00:52:50,573 --> 00:52:53,373
Speaker 5: I believe, well that's the government's priority on this. They've

1112
00:52:53,413 --> 00:52:56,013
Speaker 5: said from the outset that you know, they're not canceling

1113
00:52:56,013 --> 00:52:59,613
Speaker 5: women's pay, as has been sort of the tagline and

1114
00:52:59,653 --> 00:53:02,453
Speaker 5: the attack line from the opposition. In fact, Nikola Willis

1115
00:53:02,733 --> 00:53:05,813
Speaker 5: actually while we were in there encouraged unions to continue

1116
00:53:06,133 --> 00:53:11,973
Speaker 5: prosecuting pay equity various different arrangements that they've gotten pay

1117
00:53:11,973 --> 00:53:15,093
Speaker 5: equity cases going forward as well. But I mean Nicola

1118
00:53:15,093 --> 00:53:20,692
Speaker 5: Willis did outline the magnitude of the increased amount of

1119
00:53:21,253 --> 00:53:24,213
Speaker 5: liability on the books from these pay equity changes. I

1120
00:53:24,213 --> 00:53:26,573
Speaker 5: mean back into twenty twenty they were in sort of

1121
00:53:26,613 --> 00:53:29,053
Speaker 5: the low billions, and she wouldn't give us the exact

1122
00:53:29,293 --> 00:53:31,613
Speaker 5: number now because there was still a number of them

1123
00:53:31,613 --> 00:53:33,933
Speaker 5: that are still being worked out and there's some commercial

1124
00:53:34,293 --> 00:53:36,733
Speaker 5: sensitivity there. But the fact that they were able to

1125
00:53:37,253 --> 00:53:42,213
Speaker 5: essentially cut thirteen billion dollars over four years shows how

1126
00:53:42,373 --> 00:53:43,772
Speaker 5: big this thing had actually got.

1127
00:53:44,093 --> 00:53:47,493
Speaker 2: Yeah. Massive. I had no idea how big that was.

1128
00:53:48,493 --> 00:53:51,773
Speaker 2: Moving on to health is some news around prescriptions.

1129
00:53:52,573 --> 00:53:56,653
Speaker 5: Indeed, the record investment in health delivery is the title

1130
00:53:56,653 --> 00:53:58,533
Speaker 5: of the press release, which I always have to laugh

1131
00:53:58,573 --> 00:54:01,813
Speaker 5: at because every single government since government started always talk

1132
00:54:01,853 --> 00:54:04,772
Speaker 5: about how they've committed record amounts of money and health,

1133
00:54:04,813 --> 00:54:07,533
Speaker 5: and technically every single time it's true, because you've got

1134
00:54:07,533 --> 00:54:09,333
Speaker 5: to account for a fla, you've got to account for

1135
00:54:09,373 --> 00:54:11,733
Speaker 5: population growth, and if you weren't doing it, you'd be

1136
00:54:11,773 --> 00:54:13,653
Speaker 5: going backwards. And you don't want to be the government

1137
00:54:14,253 --> 00:54:17,293
Speaker 5: that can't say record investment and health. But essentially what

1138
00:54:17,333 --> 00:54:19,973
Speaker 5: we've got here is we've got Budget twenty twenty five

1139
00:54:20,013 --> 00:54:24,013
Speaker 5: providing seven billion dollar vote increase to vote health, so

1140
00:54:24,053 --> 00:54:27,093
Speaker 5: that is the health service in general, and that's over

1141
00:54:27,133 --> 00:54:30,973
Speaker 5: the forecast period again four years includes one hundred one

1142
00:54:31,053 --> 00:54:34,693
Speaker 5: point thirty seven billion per year to Health New Zealand's baseline,

1143
00:54:34,693 --> 00:54:37,933
Speaker 5: so just to help with the normal running the day

1144
00:54:37,973 --> 00:54:40,773
Speaker 5: to day cost of hospitals and whatnot. But there's a

1145
00:54:40,813 --> 00:54:43,933
Speaker 5: new initiative that I thought find quite interesting that is

1146
00:54:43,973 --> 00:54:47,653
Speaker 5: to include ninety one million dollars to increase prescription lengths

1147
00:54:47,693 --> 00:54:50,933
Speaker 5: and four hundred and forty seven million dollars to support

1148
00:54:50,973 --> 00:54:54,373
Speaker 5: increased access to primary care. So there's actually quite a

1149
00:54:54,413 --> 00:54:57,493
Speaker 5: few new little initiatives going on as well as this

1150
00:54:57,733 --> 00:55:01,973
Speaker 5: record investment there's the little bits of funding along the way.

1151
00:55:02,293 --> 00:55:05,533
Speaker 3: And I note also there's some big investments to allow

1152
00:55:05,573 --> 00:55:08,173
Speaker 3: a new emergency department in Wellington and a one hundred

1153
00:55:08,493 --> 00:55:11,573
Speaker 3: eight bed building in Nelson, So good for those cities

1154
00:55:11,573 --> 00:55:15,893
Speaker 3: and communities. Nothing in there for Dunedin, nothing additional, I

1155
00:55:15,893 --> 00:55:18,093
Speaker 3: think probably importantly, and this was actually a question that

1156
00:55:18,133 --> 00:55:20,013
Speaker 3: we did get into a little bit as we're going

1157
00:55:20,013 --> 00:55:21,533
Speaker 3: through the budget. Of course, there's a lot of other

1158
00:55:21,613 --> 00:55:23,733
Speaker 3: announcements that have already been made. They're not part of

1159
00:55:23,773 --> 00:55:26,333
Speaker 3: Budget twenty twenty five, but they remain around, so the

1160
00:55:26,453 --> 00:55:28,613
Speaker 3: likes of the huge amount of funding that is still

1161
00:55:28,653 --> 00:55:31,172
Speaker 3: going towards Dunedin, some of the investments that are still

1162
00:55:31,213 --> 00:55:32,613
Speaker 3: going into the likes of fungaed.

1163
00:55:32,333 --> 00:55:34,933
Speaker 20: A hospital up north. But there were sort of further

1164
00:55:35,013 --> 00:55:38,813
Speaker 20: and more specific announcements this time around the likes of Nelson,

1165
00:55:38,853 --> 00:55:41,533
Speaker 20: around Wellington, but also coming through for the likes of

1166
00:55:41,733 --> 00:55:44,373
Speaker 20: Palmeston North and parts of Auckland as well. So people

1167
00:55:44,413 --> 00:55:46,813
Speaker 20: should be feeling that there is more money. More importantly,

1168
00:55:46,893 --> 00:55:49,652
Speaker 20: especially for Nelson, that that build is now expected to

1169
00:55:49,773 --> 00:55:52,493
Speaker 20: i think be two years further ahead of schedule. That's

1170
00:55:52,533 --> 00:55:55,973
Speaker 20: good because normally infrastructure pressures means that stuff move out

1171
00:55:56,013 --> 00:55:58,652
Speaker 20: and blow out and push out. These ones are actually

1172
00:55:58,693 --> 00:56:01,333
Speaker 20: being brought forward. So important to see that level of investment.

1173
00:56:01,373 --> 00:56:04,453
Speaker 20: Let's be clear that stuff is vitally needed across the country.

1174
00:56:04,533 --> 00:56:06,293
Speaker 5: And just back on what I was saying about prescriptions

1175
00:56:06,373 --> 00:56:09,133
Speaker 5: very quickly, so a little bit more detail on that. Currently,

1176
00:56:09,173 --> 00:56:14,093
Speaker 5: doctors and others another prescribers can only prescribe most medicines

1177
00:56:14,093 --> 00:56:17,212
Speaker 5: from maximum of three months at a time. Patients must

1178
00:56:17,253 --> 00:56:19,453
Speaker 5: then pay their GP for follow up appointments. Now that's

1179
00:56:19,453 --> 00:56:21,773
Speaker 5: been we've done to twelve months. So that's something like

1180
00:56:21,773 --> 00:56:24,013
Speaker 5: if you're getting prescriptions often, it's going to be quite.

1181
00:56:23,813 --> 00:56:26,333
Speaker 2: Helpful for you. Yeah, that seems sensible to me absolutely.

1182
00:56:26,413 --> 00:56:27,813
Speaker 3: I mean there's been a lot of talk about our

1183
00:56:27,813 --> 00:56:30,253
Speaker 3: health system being in critical condition over the past couple

1184
00:56:30,253 --> 00:56:33,133
Speaker 3: of the years. How do you think staff members the

1185
00:56:33,253 --> 00:56:35,653
Speaker 3: unions will respond to the investment and health fellas?

1186
00:56:35,933 --> 00:56:37,373
Speaker 5: Oh, you know what, I think the unions are going

1187
00:56:37,453 --> 00:56:38,732
Speaker 5: to look at this budget and say, you know what,

1188
00:56:39,013 --> 00:56:43,093
Speaker 5: it's great, I love it, I love everything this government started.

1189
00:56:43,453 --> 00:56:44,253
Speaker 2: To line out the window.

1190
00:56:45,253 --> 00:56:47,573
Speaker 5: In fact, as we speak, there about as I was

1191
00:56:47,573 --> 00:56:51,173
Speaker 5: walking past, about a couple thousand people outside from unions

1192
00:56:51,813 --> 00:56:55,533
Speaker 5: protesting the budget already. I mean they saw, well maybe

1193
00:56:55,533 --> 00:56:58,333
Speaker 5: they saw an advanced copy that I hadn't seen, but

1194
00:56:58,533 --> 00:56:59,413
Speaker 5: they're not happy yet.

1195
00:56:59,573 --> 00:57:02,613
Speaker 3: Yeah, fellas, stick around because we're going to have a

1196
00:57:02,693 --> 00:57:06,613
Speaker 3: chat about education next and the overall state of the economy.

1197
00:57:06,773 --> 00:57:09,493
Speaker 3: Plenty to chat about there. Joined by Jason Wills, our

1198
00:57:09,493 --> 00:57:13,013
Speaker 3: political editor and CEO of Infometrics Brad Olsen.

1199
00:57:13,053 --> 00:57:14,853
Speaker 2: It is twenty eight past two.

1200
00:57:17,493 --> 00:57:21,013
Speaker 6: Deuce talks at be headlines with blue bubble taxis It's

1201
00:57:21,133 --> 00:57:24,613
Speaker 6: no trouble with a blue bubble. The Finance Minister has

1202
00:57:24,693 --> 00:57:29,053
Speaker 6: released Budget twenty twenty five. It includes key we saver changes,

1203
00:57:29,373 --> 00:57:33,533
Speaker 6: the government harving its yearly contribution amount and introducing an

1204
00:57:33,573 --> 00:57:37,613
Speaker 6: income cap, seven billions going into health and two point

1205
00:57:37,653 --> 00:57:41,933
Speaker 6: five billion into education over four years. A business tax

1206
00:57:41,973 --> 00:57:44,773
Speaker 6: incentive will let twenty percent of a new assets value

1207
00:57:44,813 --> 00:57:49,333
Speaker 6: be deducted from annual taxable income. About five billion dollars

1208
00:57:49,333 --> 00:57:54,733
Speaker 6: has been found through rep prioritizations. The recent changes to

1209
00:57:54,773 --> 00:57:58,453
Speaker 6: the pay equity regime have saved the government nearly thirteen

1210
00:57:58,493 --> 00:58:02,813
Speaker 6: billion over four years. Unemployed eighteen and nineteen year olds

1211
00:58:02,853 --> 00:58:06,173
Speaker 6: won't be eligible for job seeker leaving parents to fund

1212
00:58:06,213 --> 00:58:10,013
Speaker 6: them except some without family support and the best Start

1213
00:58:10,093 --> 00:58:13,933
Speaker 6: tax credit will be means tested from April twenty twenty six.

1214
00:58:14,613 --> 00:58:17,653
Speaker 6: The government oh's one hundred and eighty five billion dollars

1215
00:58:17,973 --> 00:58:20,893
Speaker 6: expected to near two hundred and forty billion in the

1216
00:58:20,933 --> 00:58:25,813
Speaker 6: next four years. Really disappointing. The one thing that scares

1217
00:58:26,013 --> 00:58:29,733
Speaker 6: Rugby Star Hoya Miller. You can find out more at

1218
00:58:29,893 --> 00:58:32,973
Speaker 6: zaid Herald Premium. Back to Matte from Tyler Adams.

1219
00:58:32,973 --> 00:58:35,093
Speaker 3: Thank you very much, Raylan, and we are breaking down

1220
00:58:35,213 --> 00:58:39,293
Speaker 3: the NOBS budget budget twenty twenty five with our political

1221
00:58:39,453 --> 00:58:43,533
Speaker 3: editor Jason Walls and Infometric CEO brad Olsen fell As.

1222
00:58:43,573 --> 00:58:44,813
Speaker 3: Lets of a chat about education.

1223
00:58:45,493 --> 00:58:49,133
Speaker 5: Yes, education, I mean, honestly, there's always lots of money

1224
00:58:49,133 --> 00:58:51,853
Speaker 5: in education as well, but this didn't really take a

1225
00:58:51,973 --> 00:58:54,173
Speaker 5: sort of a precedent that it didn't take a higher

1226
00:58:54,213 --> 00:58:56,413
Speaker 5: standing than other places in the budget. I mean, there's

1227
00:58:56,613 --> 00:59:00,093
Speaker 5: always lots of money for education every time around. In fact,

1228
00:59:00,133 --> 00:59:02,893
Speaker 5: there was three hundred and eighty one million dollars in

1229
00:59:02,973 --> 00:59:06,293
Speaker 5: new spending on in education this year. We got the

1230
00:59:06,413 --> 00:59:09,413
Speaker 5: largest boost according to Erica stam for the largest boost

1231
00:59:09,533 --> 00:59:12,853
Speaker 5: to learning support in a generation. They're good at writing

1232
00:59:12,853 --> 00:59:16,533
Speaker 5: the press releases, aren't they Erica says the government has

1233
00:59:16,533 --> 00:59:19,813
Speaker 5: been delivering the most significant investments in learning support in

1234
00:59:19,893 --> 00:59:22,693
Speaker 5: a generation to better support keep kids, and then she

1235
00:59:22,773 --> 00:59:25,453
Speaker 5: goes on to talk about Budget twenty twenty five investing

1236
00:59:25,453 --> 00:59:28,853
Speaker 5: two point five billion dollars over four years in education

1237
00:59:29,013 --> 00:59:33,773
Speaker 5: with a focus on delivering transformational boosts to learning support funding.

1238
00:59:33,973 --> 00:59:36,093
Speaker 5: And we do know that there is money in there

1239
00:59:36,133 --> 00:59:38,693
Speaker 5: for other lakes of teacher aids and other things like that.

1240
00:59:39,453 --> 00:59:41,973
Speaker 20: All right, I think as well with that learning support,

1241
00:59:41,973 --> 00:59:43,893
Speaker 20: I mean, the reason that's so important this is a

1242
00:59:43,933 --> 00:59:47,053
Speaker 20: part of the government's focus on social investment. They've identified

1243
00:59:47,093 --> 00:59:48,813
Speaker 20: that these are some of the learners that if you

1244
00:59:48,893 --> 00:59:50,973
Speaker 20: don't help them, you don't support them, will at school.

1245
00:59:51,013 --> 00:59:52,813
Speaker 20: They're not going to be able to reach their full potential.

1246
00:59:52,853 --> 00:59:54,573
Speaker 20: So I do think in terms of yes, there's some

1247
00:59:54,573 --> 00:59:56,733
Speaker 20: more money going into it, but the potential for change

1248
00:59:56,973 --> 00:59:59,373
Speaker 20: is quite important. Shows as well that government is wanting

1249
00:59:59,373 --> 01:00:01,653
Speaker 20: to target the spending a lot more. They've done the

1250
01:00:01,693 --> 01:00:04,613
Speaker 20: same thing in tertiary education, where they're putting some additional

1251
01:00:04,613 --> 01:00:08,893
Speaker 20: money into support not every university course, but very specifically

1252
01:00:08,933 --> 01:00:12,573
Speaker 20: the STEM subject science, Technology, engineering and maths, so that

1253
01:00:12,573 --> 01:00:14,933
Speaker 20: we can get some of that smarter more productive people

1254
01:00:14,973 --> 01:00:16,413
Speaker 20: out there on the tools.

1255
01:00:16,573 --> 01:00:20,813
Speaker 2: So nothing for my degree in philosophy, Corrections and police.

1256
01:00:20,853 --> 01:00:22,013
Speaker 2: There's been a bit of movement there.

1257
01:00:22,933 --> 01:00:25,253
Speaker 20: Indeed, we've seen a fair bit of funding that's come

1258
01:00:25,373 --> 01:00:28,333
Speaker 20: through there from the government. More money going into the

1259
01:00:28,413 --> 01:00:31,173
Speaker 20: likes of the court systems to ensure that there's better

1260
01:00:31,253 --> 01:00:34,453
Speaker 20: legal aid and probably in a sense looking likely to

1261
01:00:34,453 --> 01:00:36,973
Speaker 20: be more judges and similar coming through two hundred and

1262
01:00:37,053 --> 01:00:39,853
Speaker 20: forty six million dollars more into the court system there,

1263
01:00:39,973 --> 01:00:43,493
Speaker 20: four hundred and eighty directly into police. That helps some

1264
01:00:43,573 --> 01:00:46,893
Speaker 20: of the frontline salaries from the extra police that they're

1265
01:00:46,933 --> 01:00:49,693
Speaker 20: trying to bring forward, and some other changes because at

1266
01:00:49,693 --> 01:00:51,973
Speaker 20: the moment the police are sometimes operating with some rubbish

1267
01:00:52,093 --> 01:00:55,133
Speaker 20: backroom systems and if we can spend more time having

1268
01:00:55,173 --> 01:00:57,173
Speaker 20: them out on the beat and less time doing paperwork,

1269
01:00:57,213 --> 01:01:00,013
Speaker 20: that seems to be a good one. Probably the biggest

1270
01:01:00,093 --> 01:01:03,413
Speaker 20: change though coming in the correction space government adding an

1271
01:01:03,413 --> 01:01:07,813
Speaker 20: extra three hundred and sixty eight new corrections offices coming

1272
01:01:07,853 --> 01:01:10,933
Speaker 20: through that's worth four hundred and seventy two million dollars

1273
01:01:10,973 --> 01:01:13,373
Speaker 20: over the four years, and a two hundred and forty

1274
01:01:13,733 --> 01:01:17,173
Speaker 20: bid extension for new high security bids at christ Church

1275
01:01:17,213 --> 01:01:19,933
Speaker 20: Men's Prison, clearly showing that the government is expecting to

1276
01:01:19,973 --> 01:01:22,053
Speaker 20: have more high security offenders to lock up.

1277
01:01:22,053 --> 01:01:23,733
Speaker 5: And I'll tell you what, boys, this isn't the first

1278
01:01:23,733 --> 01:01:26,093
Speaker 5: time the government has had to pour more money into

1279
01:01:26,173 --> 01:01:28,853
Speaker 5: the correction's budget. You'll remember that was one of the

1280
01:01:28,933 --> 01:01:32,333
Speaker 5: key areas of the budget last year. And interestingly, Herald

1281
01:01:32,413 --> 01:01:35,573
Speaker 5: Political editor Thomas Coglan asked the Prime Minister this very question,

1282
01:01:36,173 --> 01:01:39,693
Speaker 5: Finance Minister, this very question. Essentially, are you comfortable with

1283
01:01:39,773 --> 01:01:42,853
Speaker 5: the fact that you continue having to pour money into corrections?

1284
01:01:42,933 --> 01:01:44,973
Speaker 5: And Nikola Willis, I don't know about what you thought, Brad,

1285
01:01:44,973 --> 01:01:46,613
Speaker 5: but I thought her answer was. I mean, it was

1286
01:01:46,693 --> 01:01:49,173
Speaker 5: very National Party ask and I'm not saying there's anything

1287
01:01:49,213 --> 01:01:51,133
Speaker 5: wrong with it, but it was essentially, if people keep

1288
01:01:51,173 --> 01:01:53,293
Speaker 5: committing crimes, we're going to keep locking them up. That's

1289
01:01:53,413 --> 01:01:55,413
Speaker 5: just the way that it is. Keeping key we safe

1290
01:01:55,693 --> 01:01:57,893
Speaker 5: is more important than saving a few pennies when it

1291
01:01:57,893 --> 01:01:58,573
Speaker 5: comes to prisons.

1292
01:01:58,933 --> 01:02:00,333
Speaker 2: Yeah, well, I think as well.

1293
01:02:00,453 --> 01:02:02,893
Speaker 20: We met that. That's the sentiment you get from people though,

1294
01:02:02,893 --> 01:02:05,013
Speaker 20: writers that they are really focused on law and order.

1295
01:02:05,053 --> 01:02:07,493
Speaker 20: They are expecting that you know, when they go out

1296
01:02:07,533 --> 01:02:09,693
Speaker 20: that they are able to who remain safe, that their

1297
01:02:09,733 --> 01:02:11,893
Speaker 20: businesses aren't going to get robbed and some of all

1298
01:02:11,933 --> 01:02:13,293
Speaker 20: the time. So there does seem to be a real

1299
01:02:13,373 --> 01:02:15,853
Speaker 20: level of focus from the public over wanting this law

1300
01:02:15,853 --> 01:02:18,093
Speaker 20: and order play area of government to be funded a

1301
01:02:18,093 --> 01:02:21,573
Speaker 20: lot higher. Yeah, so that's funding for the police that

1302
01:02:21,813 --> 01:02:24,053
Speaker 20: almost half a billion over four years to maintain the

1303
01:02:24,053 --> 01:02:26,933
Speaker 20: frontline services. Is that going to help Mark Mitchell reach

1304
01:02:27,053 --> 01:02:30,253
Speaker 20: his numbers that were promised before the election? He said

1305
01:02:30,253 --> 01:02:32,413
Speaker 20: to answer a few questions on that. Will this help

1306
01:02:32,453 --> 01:02:35,173
Speaker 20: him get a bit closer to that? That does seem

1307
01:02:35,173 --> 01:02:39,333
Speaker 20: to be the sort of focus coming through from Minister Mitchell.

1308
01:02:39,573 --> 01:02:43,933
Speaker 20: He's highlighted that this additional funding quote remedies an underfunding

1309
01:02:43,973 --> 01:02:47,413
Speaker 20: increase to police numbers inherited from the previous government, so

1310
01:02:47,493 --> 01:02:50,093
Speaker 20: there is more money that's coming through. What's also clear though,

1311
01:02:50,133 --> 01:02:52,533
Speaker 20: is that even when you start to pour in more

1312
01:02:52,573 --> 01:02:54,893
Speaker 20: money for the people, you need the associated kit, you

1313
01:02:54,933 --> 01:02:57,013
Speaker 20: need the police cars and everything else that comes through.

1314
01:02:57,053 --> 01:02:59,653
Speaker 20: So government is trying to do a bit more of

1315
01:02:59,693 --> 01:03:02,413
Speaker 20: that over time. Look, I think they're probably up against

1316
01:03:02,413 --> 01:03:04,413
Speaker 20: it in terms of being able to deliver all of

1317
01:03:04,453 --> 01:03:07,213
Speaker 20: those police quite as quickly, but there is certainly money

1318
01:03:07,213 --> 01:03:09,133
Speaker 20: in the budget to provide it. So when they're able

1319
01:03:09,133 --> 01:03:10,973
Speaker 20: to recruit, they should be able to bring them through

1320
01:03:10,973 --> 01:03:12,373
Speaker 20: to the beak sooner rather than later.

1321
01:03:12,573 --> 01:03:15,213
Speaker 2: Yeah, all right, let's move on to the big one.

1322
01:03:15,613 --> 01:03:18,813
Speaker 2: What is the state of our economy according to this budget?

1323
01:03:19,453 --> 01:03:22,413
Speaker 5: Well, you'll be less than sorry to jump in before

1324
01:03:22,573 --> 01:03:24,773
Speaker 5: you on this one, Brad. You are the economic expert.

1325
01:03:24,773 --> 01:03:27,533
Speaker 5: I'm just a political talking head. But what we can

1326
01:03:27,613 --> 01:03:29,933
Speaker 5: see is that you know it's This was probably the

1327
01:03:30,013 --> 01:03:32,373
Speaker 5: least surprising part of the budget for me. You may

1328
01:03:32,973 --> 01:03:35,373
Speaker 5: every budget I do the same thing. Our good friend

1329
01:03:35,413 --> 01:03:38,573
Speaker 5: Craig Rennie, who works at the CTU now as their economists,

1330
01:03:38,573 --> 01:03:40,213
Speaker 5: you would always tell me the same thing, that you

1331
01:03:40,293 --> 01:03:42,413
Speaker 5: have to start the budget by turning to the back

1332
01:03:42,453 --> 01:03:44,693
Speaker 5: of the budget and looking ahead as to what the

1333
01:03:44,693 --> 01:03:47,093
Speaker 5: predictions were. And we're looking at it right now and

1334
01:03:47,133 --> 01:03:49,893
Speaker 5: it's about as grim as we expected it to be, right, Brad,

1335
01:03:49,933 --> 01:03:52,133
Speaker 5: I mean I wasn't particularly surprised by the fact that

1336
01:03:52,293 --> 01:03:55,613
Speaker 5: the surplus is twenty twenty nine, it's wafitin at two

1337
01:03:55,733 --> 01:03:58,973
Speaker 5: hundred and fourteen million dollars. Anything catch you on the hoop.

1338
01:03:59,013 --> 01:04:02,093
Speaker 20: No, I mean, very much on the economic side as expected.

1339
01:04:02,133 --> 01:04:06,493
Speaker 20: Of course, the government's advisors Treasury have highlighted that things

1340
01:04:06,493 --> 01:04:09,133
Speaker 20: are going to be tougher. The global economic environment is

1341
01:04:09,173 --> 01:04:11,573
Speaker 20: not quite as good, Trading partner growth is going to

1342
01:04:11,573 --> 01:04:13,813
Speaker 20: be lower than before. All of that means that there's

1343
01:04:13,853 --> 01:04:15,973
Speaker 20: just not going to be quite as much economic momentum

1344
01:04:15,973 --> 01:04:19,373
Speaker 20: in the system. So very much I think as expected,

1345
01:04:19,533 --> 01:04:21,493
Speaker 20: although the challenge a little bit is that you've got

1346
01:04:21,493 --> 01:04:24,413
Speaker 20: so many moving parts. You've got the changes in the

1347
01:04:24,453 --> 01:04:26,493
Speaker 20: global settings that are coming through. You've got a number

1348
01:04:26,533 --> 01:04:29,133
Speaker 20: of these budget proposals which should be trying to stimulate

1349
01:04:29,173 --> 01:04:31,453
Speaker 20: a bit of growth. But I think for the government,

1350
01:04:31,453 --> 01:04:34,253
Speaker 20: they'll be looking that for over time better of visions.

1351
01:04:34,253 --> 01:04:36,413
Speaker 20: If they can start to get some better economic numbers

1352
01:04:36,453 --> 01:04:38,813
Speaker 20: coming through, the Treasury can book those, they can expect

1353
01:04:38,853 --> 01:04:41,213
Speaker 20: some high texts coming through. But for the moment, things

1354
01:04:41,253 --> 01:04:45,093
Speaker 20: still remaining fairly grim. There is a recovery underway, but

1355
01:04:45,213 --> 01:04:47,653
Speaker 20: it is going to be a slower slog and I.

1356
01:04:47,693 --> 01:04:50,573
Speaker 5: Was actually, I mean, I guess I'm not that surprised,

1357
01:04:50,573 --> 01:04:53,093
Speaker 5: but the debt numbers are still looking pretty grim. I mean,

1358
01:04:53,093 --> 01:04:55,453
Speaker 5: we're at about one hundred and eighty five billion dollars

1359
01:04:55,493 --> 01:04:57,293
Speaker 5: in terms of the debt level of the government has

1360
01:04:57,293 --> 01:05:00,133
Speaker 5: now that balloons up to two hundred and thirty eight

1361
01:05:00,213 --> 01:05:03,453
Speaker 5: billion dollars by twenty twenty nine. Now, the government does

1362
01:05:03,893 --> 01:05:06,653
Speaker 5: measure its debt as a proportion of GDP, and their

1363
01:05:06,733 --> 01:05:09,733
Speaker 5: argument is essentially, as the economy rows, that level of

1364
01:05:09,773 --> 01:05:13,413
Speaker 5: that proportionality actually either remains the same or goes down,

1365
01:05:13,453 --> 01:05:16,693
Speaker 5: but it's staying pretty stagnant. And Nikola Willis was really

1366
01:05:16,893 --> 01:05:20,053
Speaker 5: waxing lyrical about what the Treasury advice to her has been,

1367
01:05:20,333 --> 01:05:24,093
Speaker 5: and she accepted it that she thought that we shouldn't

1368
01:05:24,133 --> 01:05:27,693
Speaker 5: go over fifty percent of a debt to GDP, and

1369
01:05:27,733 --> 01:05:30,293
Speaker 5: it just doesn't seem like there's any impetus to get

1370
01:05:30,413 --> 01:05:32,773
Speaker 5: that debt down to a more manageable level. What do

1371
01:05:32,773 --> 01:05:33,253
Speaker 5: you think, Brad?

1372
01:05:33,533 --> 01:05:35,533
Speaker 20: I mean, look, the government would have to just slash

1373
01:05:35,653 --> 01:05:37,893
Speaker 20: so much more spending, even out at the end of

1374
01:05:37,893 --> 01:05:40,773
Speaker 20: the forecast period. We're talking twenty twenty nine. At this point,

1375
01:05:41,133 --> 01:05:44,293
Speaker 20: government expenses as proportion of GDP only just slipped below

1376
01:05:44,333 --> 01:05:47,453
Speaker 20: thirty one percent. They weren't even at thirty before the pandemic.

1377
01:05:47,533 --> 01:05:49,453
Speaker 20: So it's going to take a long time to unwind this.

1378
01:05:49,613 --> 01:05:52,133
Speaker 20: But I think below the surface, what was different for

1379
01:05:52,253 --> 01:05:54,613
Speaker 20: me is that normally, when we go into these economic

1380
01:05:54,653 --> 01:05:57,013
Speaker 20: updates they come through every six months or so. We

1381
01:05:57,093 --> 01:05:58,853
Speaker 20: always see that the government is going to bring in

1382
01:05:58,893 --> 01:06:00,693
Speaker 20: a whole bunch less revenue, but they're going to spend

1383
01:06:00,693 --> 01:06:02,333
Speaker 20: a whole bunch more. That is what we've seen like

1384
01:06:02,373 --> 01:06:05,093
Speaker 20: the last three four years. This time for the first

1385
01:06:05,133 --> 01:06:07,133
Speaker 20: time we've seen that Yep, again, revenue is going to

1386
01:06:07,133 --> 01:06:09,853
Speaker 20: be lower, the economy sucks bit more, but there was

1387
01:06:09,933 --> 01:06:12,533
Speaker 20: also lower spending that the government is going to make

1388
01:06:12,653 --> 01:06:15,253
Speaker 20: under budget twenty twenty five compared to the half year.

1389
01:06:15,413 --> 01:06:18,973
Speaker 20: It shows that slowly, but surely, very slowly, they are

1390
01:06:19,013 --> 01:06:20,893
Speaker 20: trying to get those fiscal settings under control.

1391
01:06:21,013 --> 01:06:22,813
Speaker 2: You've got to say, two hundred and forty billion is

1392
01:06:22,813 --> 01:06:25,893
Speaker 2: a terrifying number, as it certainly is, a lot of

1393
01:06:25,933 --> 01:06:27,613
Speaker 2: people are texting us through. And I know this is

1394
01:06:27,813 --> 01:06:30,213
Speaker 2: a long question, but so many people text it through

1395
01:06:30,893 --> 01:06:33,893
Speaker 2: that I have to ask of you guys, of you, Brad,

1396
01:06:34,173 --> 01:06:35,773
Speaker 2: who do we owe the money to? Who do we

1397
01:06:35,813 --> 01:06:37,893
Speaker 2: owe that one hundred and eighty five billion dollars to?

1398
01:06:38,653 --> 01:06:40,253
Speaker 20: Yeah, it's a great question. We owe it to a

1399
01:06:40,293 --> 01:06:42,613
Speaker 20: whole bunch of people. Sometimes we effectively owe it to

1400
01:06:42,653 --> 01:06:45,053
Speaker 20: ourselves or the likes of New Zealand retail banks will

1401
01:06:45,053 --> 01:06:48,733
Speaker 20: own some of those IOUs with the government where you

1402
01:06:48,773 --> 01:06:51,573
Speaker 20: know they've exchanged cash for an expectation that government will

1403
01:06:51,573 --> 01:06:53,093
Speaker 20: pay them back in the future.

1404
01:06:53,213 --> 01:06:54,253
Speaker 2: Some of its overseas.

1405
01:06:54,413 --> 01:06:56,613
Speaker 20: Everyone likes to hold some government bonds. They think that

1406
01:06:56,653 --> 01:06:59,453
Speaker 20: New Zealand's pretty stable. In fact, I think our credit

1407
01:06:59,533 --> 01:07:02,213
Speaker 20: rating is now better than the US government, so people

1408
01:07:02,253 --> 01:07:03,413
Speaker 20: trust us a bit more to.

1409
01:07:03,373 --> 01:07:03,893
Speaker 2: Pay it back.

1410
01:07:04,893 --> 01:07:08,293
Speaker 3: Very interesting, right stick around after we play some messages.

1411
01:07:08,493 --> 01:07:11,853
Speaker 3: There's some major changes around benefits, so we'll get into that.

1412
01:07:12,133 --> 01:07:14,333
Speaker 3: Then we're going to get a rating from you fellows

1413
01:07:14,373 --> 01:07:19,373
Speaker 3: about the NOBS budget, maybe a bit rating rating, so

1414
01:07:19,453 --> 01:07:21,413
Speaker 3: look forward to that. We are joined, of course by

1415
01:07:21,413 --> 01:07:25,293
Speaker 3: our political editor Jason Willson, Infometric CEO brad Olsen. It

1416
01:07:25,453 --> 01:07:28,693
Speaker 3: is nineteen to three, going.

1417
01:07:28,493 --> 01:07:32,133
Speaker 1: Through the budget with a fine toothcol It's budget twenty

1418
01:07:32,173 --> 01:07:34,933
Speaker 1: twenty five with Matt Heath and Tyler Adams news talks.

1419
01:07:34,973 --> 01:07:37,293
Speaker 3: That'd be it certainly is, and we're joined by our

1420
01:07:37,333 --> 01:07:41,093
Speaker 3: political editor Jason Willson, Infometrics CEO Brad Olson.

1421
01:07:41,253 --> 01:07:44,453
Speaker 2: Before we get to benefit changees. It was being bandied

1422
01:07:44,453 --> 01:07:46,813
Speaker 2: around as the growth budget. What do we have in

1423
01:07:46,853 --> 01:07:48,893
Speaker 2: there that supports growth in the country.

1424
01:07:49,613 --> 01:07:52,293
Speaker 20: Yeah, the biggest one coming through from the government was

1425
01:07:52,533 --> 01:07:54,773
Speaker 20: the new policy, the Investment Boost Scheme.

1426
01:07:55,213 --> 01:07:56,453
Speaker 2: That's where it's a big.

1427
01:07:56,293 --> 01:07:59,973
Speaker 20: New taxan center for businesses where effectively, you buy some

1428
01:08:00,093 --> 01:08:03,053
Speaker 20: new kit, you can immediately deduct twenty percent of the

1429
01:08:03,093 --> 01:08:06,053
Speaker 20: cost of that new asset on top of normal depreciation,

1430
01:08:06,373 --> 01:08:09,173
Speaker 20: meaning you've got a lower tax bill after at the

1431
01:08:09,213 --> 01:08:10,853
Speaker 20: same year that you buy that new purchase.

1432
01:08:10,893 --> 01:08:12,093
Speaker 2: So long story short.

1433
01:08:11,973 --> 01:08:13,613
Speaker 20: You're going to see a whole bunch of businesses that

1434
01:08:13,653 --> 01:08:15,533
Speaker 20: are quite keen to go and invest in some new kit.

1435
01:08:15,773 --> 01:08:18,093
Speaker 20: That should means that they make not only high profits

1436
01:08:18,133 --> 01:08:21,093
Speaker 20: over time, but they'll be more productive. A few other

1437
01:08:21,173 --> 01:08:24,053
Speaker 20: specifics here and there. Probably the most interesting one was

1438
01:08:24,093 --> 01:08:26,412
Speaker 20: that the government has set aside two hundred million dollars

1439
01:08:26,652 --> 01:08:28,612
Speaker 20: for a Crown stake in a new gas field if

1440
01:08:28,612 --> 01:08:31,852
Speaker 20: they can find it, so Shane Jones as Resource Minister

1441
01:08:31,893 --> 01:08:34,133
Speaker 20: looking to do a bit more gas activity. Probably the

1442
01:08:34,133 --> 01:08:37,052
Speaker 20: most interesting that businesses might not like but it's probably

1443
01:08:37,093 --> 01:08:40,892
Speaker 20: still pretty important, is that id gets an additional thirty

1444
01:08:40,893 --> 01:08:42,772
Speaker 20: five million dollars a year to go and claw back

1445
01:08:42,812 --> 01:08:44,973
Speaker 20: some of the text debt that people haven't paid, and

1446
01:08:45,053 --> 01:08:47,532
Speaker 20: given that they've found something like three billion dollars already.

1447
01:08:47,692 --> 01:08:49,012
Speaker 20: It's probably not a bad investment.

1448
01:08:49,293 --> 01:08:50,892
Speaker 3: Yeah, that will make a few people nervous to get

1449
01:08:50,893 --> 01:08:53,333
Speaker 3: your books done, people, exactly. Hey, just going back to

1450
01:08:53,372 --> 01:08:56,293
Speaker 3: the text break, So the government forecast that could boost

1451
01:08:56,372 --> 01:08:58,892
Speaker 3: GDP by one percent in wages by one point five

1452
01:08:58,893 --> 01:09:02,493
Speaker 3: percent over the next two decades. Does that sound optimistic

1453
01:09:02,973 --> 01:09:03,852
Speaker 3: or about rite?

1454
01:09:04,293 --> 01:09:05,173
Speaker 2: It's probably about right.

1455
01:09:05,213 --> 01:09:06,652
Speaker 20: I mean, I think a lot of people listening will

1456
01:09:06,692 --> 01:09:08,572
Speaker 20: be going, hold on, only get one percent over the

1457
01:09:08,652 --> 01:09:11,053
Speaker 20: next like ten twenty years, is that really worth it?

1458
01:09:11,333 --> 01:09:13,492
Speaker 20: Which is understandable. I mean, it's sort of hard for

1459
01:09:13,532 --> 01:09:18,492
Speaker 20: government to massively massively increase GDP growth without like fundamentally

1460
01:09:18,532 --> 01:09:20,333
Speaker 20: finding a whole new pot of gold that we never

1461
01:09:20,372 --> 01:09:23,692
Speaker 20: thought about before. So these aren't too bad, especially because yep,

1462
01:09:23,732 --> 01:09:26,253
Speaker 20: it takes you know, twenty years to get that one

1463
01:09:26,293 --> 01:09:29,852
Speaker 20: percent increase, but about half of that GDP increase coming

1464
01:09:29,933 --> 01:09:32,532
Speaker 20: just in the next five years, so it's not massive massive,

1465
01:09:32,532 --> 01:09:34,093
Speaker 20: But I do think it just shifts the dial a

1466
01:09:34,093 --> 01:09:36,253
Speaker 20: little bit so that businesses are able to invest a

1467
01:09:36,253 --> 01:09:38,013
Speaker 20: bit more. And I think that geez, you think of

1468
01:09:38,053 --> 01:09:40,333
Speaker 20: some of the old kits that New Zealand businesses seem

1469
01:09:40,372 --> 01:09:42,612
Speaker 20: to have across the country. I think this will convince

1470
01:09:42,612 --> 01:09:44,492
Speaker 20: a few more people to dip into their back pockets

1471
01:09:44,572 --> 01:09:46,892
Speaker 20: make that big investment up because they can actually claim

1472
01:09:46,933 --> 01:09:47,732
Speaker 20: it back on the tax.

1473
01:09:47,933 --> 01:09:52,333
Speaker 2: Yeah, very good. Speaking of big investments. What's the benefit

1474
01:09:52,452 --> 01:09:54,333
Speaker 2: changes that we've seen in the budget.

1475
01:09:54,692 --> 01:09:57,133
Speaker 5: This is quite a fascinating one. And I say fascinating

1476
01:09:57,293 --> 01:09:59,213
Speaker 5: for you guys, because this is going to make some

1477
01:09:59,412 --> 01:10:02,852
Speaker 5: great talk back parents. Rather than the STAG will be

1478
01:10:02,893 --> 01:10:06,372
Speaker 5: responsible for unemployed eighteen and nineteen year olds who cannot

1479
01:10:06,372 --> 01:10:10,133
Speaker 5: support themselves under planned benefits, and that's been announced in

1480
01:10:10,213 --> 01:10:13,532
Speaker 5: the budget today. Employment Minister Louis Ubstince says the purpose

1481
01:10:13,532 --> 01:10:16,412
Speaker 5: of the welfare system is to support those who need

1482
01:10:16,452 --> 01:10:19,133
Speaker 5: it the most. Our government is taking steps to make

1483
01:10:19,173 --> 01:10:22,012
Speaker 5: sure work or study is the focus for young people

1484
01:10:22,293 --> 01:10:24,892
Speaker 5: rather than being on welfare and where it says that

1485
01:10:24,893 --> 01:10:27,532
Speaker 5: they're clearly signaling that if you're eighteen and nineteen and

1486
01:10:27,612 --> 01:10:29,932
Speaker 5: you don't study or you're not in work, and you're

1487
01:10:30,452 --> 01:10:32,972
Speaker 5: and you can't support yourself financially, you should be looking

1488
01:10:33,013 --> 01:10:35,333
Speaker 5: for a job and you shouldn't be, as Nikola Willis said,

1489
01:10:35,532 --> 01:10:38,012
Speaker 5: sitting at home playing PlayStation and this should be giving

1490
01:10:38,013 --> 01:10:40,213
Speaker 5: you some incentive to get out there and actually try

1491
01:10:40,213 --> 01:10:42,412
Speaker 5: and find a job just.

1492
01:10:42,452 --> 01:10:44,892
Speaker 3: On the I mean, it is a surprising announcement that

1493
01:10:45,093 --> 01:10:47,213
Speaker 3: the eighteen and nineteen year olds will have their job

1494
01:10:47,253 --> 01:10:50,333
Speaker 3: secret and emergency benefits tested against the appearance income. What

1495
01:10:50,492 --> 01:10:52,452
Speaker 3: is that income set at?

1496
01:10:52,772 --> 01:10:53,173
Speaker 2: Do we know?

1497
01:10:53,692 --> 01:10:56,772
Speaker 20: There's no announcements yet. Kevinet hasn't made those decisions by

1498
01:10:56,893 --> 01:10:58,452
Speaker 20: sounds of it. They'll be making those over the next

1499
01:10:58,492 --> 01:11:01,172
Speaker 20: couple of weeks. But a pretty i think strong intention

1500
01:11:01,293 --> 01:11:03,812
Speaker 20: from government that looks in the first case, it should

1501
01:11:03,812 --> 01:11:06,253
Speaker 20: be your family that's looking after you, and only after

1502
01:11:06,333 --> 01:11:08,732
Speaker 20: that will you sort of see that support from government,

1503
01:11:08,973 --> 01:11:10,852
Speaker 20: similar I think in a sense to what you see

1504
01:11:10,853 --> 01:11:13,852
Speaker 20: with some of the student loan supports and similar that

1505
01:11:13,933 --> 01:11:16,492
Speaker 20: come through. But again this is a sort of wider

1506
01:11:16,612 --> 01:11:18,892
Speaker 20: change I think where the government is going. Look, it

1507
01:11:18,973 --> 01:11:21,492
Speaker 20: is going to be less money coming from the government,

1508
01:11:21,612 --> 01:11:25,652
Speaker 20: more for households, businesses, organizations to sort of do it

1509
01:11:25,652 --> 01:11:27,692
Speaker 20: themselves and you do sort of again see this bit

1510
01:11:27,732 --> 01:11:29,612
Speaker 20: of a switch around. It was interesting. One of the

1511
01:11:29,652 --> 01:11:32,213
Speaker 20: other changes that the government announced in the sort of

1512
01:11:32,213 --> 01:11:35,293
Speaker 20: benefits and social support areas was that they are expanding

1513
01:11:35,333 --> 01:11:38,692
Speaker 20: working for families. They're changing their abatement thresholds so that

1514
01:11:38,812 --> 01:11:41,133
Speaker 20: about one hundred and forty two thousand families will get

1515
01:11:41,133 --> 01:11:43,692
Speaker 20: an extra three hundred and sixty odd dollars a year

1516
01:11:43,933 --> 01:11:46,732
Speaker 20: from working for families. But at the same time, the

1517
01:11:46,772 --> 01:11:49,692
Speaker 20: best text credit for when you have a new child

1518
01:11:50,253 --> 01:11:53,093
Speaker 20: that's going to bebita that you're going to lose some

1519
01:11:53,173 --> 01:11:56,012
Speaker 20: money straight away if you're on higher income. So much

1520
01:11:56,053 --> 01:11:58,372
Speaker 20: greater focus on means testing across the board.

1521
01:11:58,452 --> 01:12:00,612
Speaker 2: Yeah, yeah, that's for sure. Right, let's have a chat

1522
01:12:00,612 --> 01:12:01,333
Speaker 2: about reaction.

1523
01:12:01,812 --> 01:12:04,133
Speaker 3: We'll start on the political side, Jason, what has been

1524
01:12:04,173 --> 01:12:05,892
Speaker 3: the reaction from the various parties.

1525
01:12:06,173 --> 01:12:07,892
Speaker 5: Well, I can tell you right now. Let's cross live

1526
01:12:07,893 --> 01:12:09,973
Speaker 5: into the how US where Chris Hepkins is giving a

1527
01:12:10,013 --> 01:12:13,133
Speaker 5: speech in reply to the budget. Have a listen.

1528
01:12:13,173 --> 01:12:15,652
Speaker 17: She was talking about nobs while she was being clear

1529
01:12:15,772 --> 01:12:19,213
Speaker 17: is the budget had no bold solutions. The budget had

1530
01:12:19,372 --> 01:12:23,452
Speaker 17: no bread and shelter for vulnerable New Zealanders. The budget

1531
01:12:23,492 --> 01:12:25,932
Speaker 17: had no back paid settlements for women who have been

1532
01:12:26,013 --> 01:12:29,572
Speaker 17: fighting to have fair pay for far too long.

1533
01:12:29,652 --> 01:12:31,932
Speaker 5: And that's the sort of reaction you would expect from

1534
01:12:31,973 --> 01:12:34,692
Speaker 5: the lakes of Chris Hepkins. We've seen the unions come

1535
01:12:34,692 --> 01:12:38,173
Speaker 5: out basically saying the same thing. The PSA says the

1536
01:12:38,213 --> 01:12:41,812
Speaker 5: budget confirms twelve point six billion dollar theft of wages

1537
01:12:41,853 --> 01:12:46,532
Speaker 5: from women pay equity betrayal. Lead Bear said the headline there.

1538
01:12:46,412 --> 01:12:49,492
Speaker 2: Were they ware, you know, when they started this process

1539
01:12:49,732 --> 01:12:51,852
Speaker 2: and move things around a bit labor that it was

1540
01:12:51,933 --> 01:12:53,972
Speaker 2: going to be twelve point six billion dollars.

1541
01:12:54,652 --> 01:12:56,812
Speaker 5: I don't think that they were. I mean, what we're

1542
01:12:56,853 --> 01:12:59,652
Speaker 5: hearing from Nikola Willis is that this whole thing blew

1543
01:12:59,732 --> 01:13:02,772
Speaker 5: up to a degree that nobody was expecting. I mean,

1544
01:13:02,812 --> 01:13:05,492
Speaker 5: Treasury seems to be really caught on the fly on

1545
01:13:05,532 --> 01:13:08,932
Speaker 5: this one to see how big this got. And but now,

1546
01:13:09,173 --> 01:13:11,812
Speaker 5: I mean there's some serious questions that needs to be

1547
01:13:11,893 --> 01:13:15,333
Speaker 5: asked to the likes of Chris Hipkins and to I

1548
01:13:15,372 --> 01:13:17,892
Speaker 5: mean Grant Robertson if you would return a call about

1549
01:13:17,893 --> 01:13:20,492
Speaker 5: how they saw this getting so big and or did

1550
01:13:20,572 --> 01:13:22,893
Speaker 5: they foresee this getting so big? And I'd like to

1551
01:13:22,893 --> 01:13:24,612
Speaker 5: see sort of where they thought it was.

1552
01:13:25,013 --> 01:13:26,692
Speaker 2: What were they going to cut to come up with

1553
01:13:26,692 --> 01:13:27,812
Speaker 2: that twelve point six billion?

1554
01:13:27,893 --> 01:13:31,133
Speaker 3: Yeah, great question. And the reaction from the business world.

1555
01:13:31,173 --> 01:13:33,892
Speaker 3: Have we got any reaction coming at this stage on

1556
01:13:33,933 --> 01:13:36,213
Speaker 3: some of those text breaks and this growth budget?

1557
01:13:36,372 --> 01:13:38,293
Speaker 5: Well, I tell you what, my favorite thing about budget

1558
01:13:38,333 --> 01:13:40,532
Speaker 5: day is when I get back and the explosion of

1559
01:13:40,532 --> 01:13:43,133
Speaker 5: my inbox of press releases, so we can go through

1560
01:13:43,133 --> 01:13:44,452
Speaker 5: and find a few. I mean, the first one that

1561
01:13:44,492 --> 01:13:47,372
Speaker 5: I've clicked on now is the Taxpayers Union, who were

1562
01:13:47,412 --> 01:13:49,972
Speaker 5: also in the lock up. Remember there were him, them

1563
01:13:50,013 --> 01:13:51,612
Speaker 5: and the CTU were going to get barred.

1564
01:13:52,213 --> 01:13:52,892
Speaker 2: But they say that.

1565
01:13:53,053 --> 01:13:56,692
Speaker 5: Essentially National delivers another Labor Party budget and they said

1566
01:13:56,772 --> 01:13:59,213
Speaker 5: so much for a growth budget, so they're not really

1567
01:13:59,253 --> 01:14:01,812
Speaker 5: happy with the level of spending. I'll tell you what though, boys,

1568
01:14:01,853 --> 01:14:04,452
Speaker 5: there was an interesting detail that we saw in the lockup,

1569
01:14:04,452 --> 01:14:06,692
Speaker 5: and I'm sure Brad will be quite agrieved about this

1570
01:14:06,692 --> 01:14:09,692
Speaker 5: because it hit him personally. Nicola Willis only took questions

1571
01:14:09,692 --> 01:14:13,372
Speaker 5: from the journalist journalists. Usually she kind of canvas as

1572
01:14:13,412 --> 01:14:16,453
Speaker 5: the room and takes some from economists or some analysts,

1573
01:14:16,492 --> 01:14:17,372
Speaker 5: and she didn't do it this time.

1574
01:14:17,412 --> 01:14:17,812
Speaker 2: It was us.

1575
01:14:17,812 --> 01:14:19,213
Speaker 5: Did you feel personally attacked? Brad?

1576
01:14:19,333 --> 01:14:21,932
Speaker 20: Look, as someone who has this is my tenth budget

1577
01:14:22,013 --> 01:14:23,612
Speaker 20: in a row that I have attended lock up for,

1578
01:14:23,933 --> 01:14:27,053
Speaker 20: I've asked a question of every finance minister and all

1579
01:14:27,093 --> 01:14:29,772
Speaker 20: of those up until today, I don't feel personally aggrieved.

1580
01:14:29,812 --> 01:14:31,532
Speaker 20: I don't think it was personal to me. I just

1581
01:14:31,572 --> 01:14:33,772
Speaker 20: think that the focus was a lot more on ensuring

1582
01:14:33,812 --> 01:14:36,852
Speaker 20: that people could understand it, But it would have been helpful,

1583
01:14:36,853 --> 01:14:38,973
Speaker 20: I think for a few questions to come over to

1584
01:14:39,053 --> 01:14:39,772
Speaker 20: the endless side.

1585
01:14:39,812 --> 01:14:40,093
Speaker 12: We do.

1586
01:14:40,452 --> 01:14:41,973
Speaker 20: I think we try and do a good job of

1587
01:14:42,013 --> 01:14:43,333
Speaker 20: helping everyone else understand it.

1588
01:14:43,372 --> 01:14:44,492
Speaker 2: But here's the rub.

1589
01:14:44,652 --> 01:14:46,293
Speaker 20: Of course, there are going to be some people in

1590
01:14:46,333 --> 01:14:48,093
Speaker 20: the lockup in the endless area that are going to

1591
01:14:48,133 --> 01:14:50,253
Speaker 20: ask gotcha questions and similar they're not going to try

1592
01:14:50,253 --> 01:14:52,093
Speaker 20: and aid in the understanding. And so I can sort

1593
01:14:52,093 --> 01:14:54,133
Speaker 20: of understand why the Finance Minister isn't keen.

1594
01:14:54,093 --> 01:14:56,212
Speaker 2: To go near it. Did you have some gotcha questions

1595
01:14:56,213 --> 01:14:57,932
Speaker 2: in your back pocket that you missed out on asking?

1596
01:14:58,253 --> 01:15:00,732
Speaker 20: No, I had a very sensible question, while I thought,

1597
01:15:00,732 --> 01:15:02,532
Speaker 20: at least in terms of some of the spending that's

1598
01:15:02,572 --> 01:15:04,812
Speaker 20: going on, I mean, this is a very different budget approach.

1599
01:15:04,893 --> 01:15:08,333
Speaker 20: Like previously, the government for years has always sort of

1600
01:15:08,412 --> 01:15:10,892
Speaker 20: taken last year's budget as a given and added some

1601
01:15:10,893 --> 01:15:13,333
Speaker 20: more stuff in. That's what the operating allowance was. This

1602
01:15:13,452 --> 01:15:15,852
Speaker 20: time around, you saw six point seven billion dollars of

1603
01:15:15,973 --> 01:15:19,532
Speaker 20: new spending five over five billion dollars worth of savings

1604
01:15:19,572 --> 01:15:22,052
Speaker 20: come through. So like whatever happened last year. We cannot

1605
01:15:22,053 --> 01:15:24,532
Speaker 20: assume it happens into the future. That's not a bad

1606
01:15:24,572 --> 01:15:27,132
Speaker 20: place because it says that everything is up on the table.

1607
01:15:27,333 --> 01:15:29,333
Speaker 20: But of course I'll have to try and relay that

1608
01:15:29,372 --> 01:15:31,452
Speaker 20: to the Finance Minister via the airwaves of Newsts.

1609
01:15:31,492 --> 01:15:32,972
Speaker 2: He'd be rather than otherwise.

1610
01:15:33,053 --> 01:15:35,133
Speaker 3: Yeah, what we could do. We'll pass it on to Hither. Actually,

1611
01:15:35,213 --> 01:15:37,612
Speaker 3: I think she'll have the Finance Minister on her show

1612
01:15:37,652 --> 01:15:39,412
Speaker 3: after four o'clock, so we will do that for you.

1613
01:15:39,492 --> 01:15:42,652
Speaker 3: Brad stick around after we play some messages. We're going

1614
01:15:42,732 --> 01:15:46,052
Speaker 3: to get your guys' ratings for budget twenty twenty five.

1615
01:15:46,452 --> 01:15:50,692
Speaker 3: It is eight to three, the issues that affect you

1616
01:15:50,933 --> 01:15:52,452
Speaker 3: and a bit of fun along the way.

1617
01:15:52,692 --> 01:15:58,132
Speaker 1: Matt Heath and Tyler Adams. Afternoons News talks'd be news Talk.

1618
01:15:58,133 --> 01:15:58,612
Speaker 2: As he'd be.

1619
01:15:58,652 --> 01:16:01,572
Speaker 3: The final few minutes, we're joined by political editor Jason

1620
01:16:01,612 --> 01:16:03,532
Speaker 3: Walls and Informetrix Brad Olsen.

1621
01:16:04,093 --> 01:16:07,972
Speaker 2: I guess the final questions around fiscal impulse. The balance

1622
01:16:08,053 --> 01:16:10,852
Speaker 2: is the doing enough to lower debt without stalling the economy,

1623
01:16:11,133 --> 01:16:13,012
Speaker 2: storing stalling growth.

1624
01:16:13,692 --> 01:16:16,412
Speaker 20: Look, I think it is closely balanced. The government still

1625
01:16:16,452 --> 01:16:18,412
Speaker 20: running a structural death sit going into the future, so

1626
01:16:18,412 --> 01:16:21,972
Speaker 20: they're still spending consistently more than they're able to earn

1627
01:16:22,013 --> 01:16:24,133
Speaker 20: in That's still not the greatest position, but the gap

1628
01:16:24,173 --> 01:16:26,772
Speaker 20: is closing over time. So I think, on balance, not

1629
01:16:26,812 --> 01:16:29,412
Speaker 20: the worst outcome you could have had. People on one

1630
01:16:29,452 --> 01:16:31,293
Speaker 20: side of politics will say it should have gone a

1631
01:16:31,333 --> 01:16:33,133
Speaker 20: lot harder. Others will say it should have gone the

1632
01:16:33,133 --> 01:16:35,612
Speaker 20: other direction, heaps more spending. I think the government's gone

1633
01:16:35,612 --> 01:16:37,093
Speaker 20: through a narrow balancing act here.

1634
01:16:37,213 --> 01:16:38,773
Speaker 2: Jeez, I'm glad you got that question.

1635
01:16:39,692 --> 01:16:41,692
Speaker 3: All right, So both of you, Jason will start with you.

1636
01:16:41,772 --> 01:16:44,972
Speaker 3: Out of ten, how would you rate this budget? Part

1637
01:16:44,973 --> 01:16:47,333
Speaker 3: of ten, I'm going to give it all. What about

1638
01:16:47,333 --> 01:16:47,772
Speaker 3: out of twenty?

1639
01:16:47,812 --> 01:16:50,333
Speaker 5: I'm going to give it a thirteen out of twenty

1640
01:16:50,412 --> 01:16:53,572
Speaker 5: because it's thirteen billion that the government was able to

1641
01:16:53,612 --> 01:16:56,253
Speaker 5: take from these pay equity changes. No matter what you

1642
01:16:56,333 --> 01:16:59,093
Speaker 5: think of the government's moves around these, that's a heck

1643
01:16:59,133 --> 01:17:01,532
Speaker 5: of a lot of cheese. You know, maybe Broke, maybe

1644
01:17:01,532 --> 01:17:03,013
Speaker 5: Seymour was right, Maybe.

1645
01:17:02,812 --> 01:17:05,173
Speaker 2: Brooke did save the budget six and a half then.

1646
01:17:06,612 --> 01:17:09,692
Speaker 20: And bread I feel like, you know, down the middle

1647
01:17:09,692 --> 01:17:11,892
Speaker 20: a little bit the average seven that you always world

1648
01:17:11,893 --> 01:17:13,973
Speaker 20: of given something not too hot, not too cold, because this,

1649
01:17:14,053 --> 01:17:14,893
Speaker 20: in my mind.

1650
01:17:14,732 --> 01:17:15,812
Speaker 2: Is the switch at budget.

1651
01:17:16,013 --> 01:17:17,692
Speaker 20: You get a bit of something, but you also lose

1652
01:17:17,732 --> 01:17:19,372
Speaker 20: a bit of something, and so I think people will

1653
01:17:19,372 --> 01:17:22,452
Speaker 20: be both please, displease, and everything else. But we'll probably

1654
01:17:22,492 --> 01:17:25,133
Speaker 20: we'll be talking about something completely different in a week's time.

1655
01:17:25,253 --> 01:17:26,093
Speaker 5: God, he's good, isn't he?

1656
01:17:26,293 --> 01:17:31,092
Speaker 2: Was there any bsn't it? Oh? I couldn't possibly comment.

1657
01:17:31,372 --> 01:17:31,852
Speaker 2: Put it this way.

1658
01:17:31,853 --> 01:17:33,972
Speaker 20: There's a lot of bs and hotti that comes around

1659
01:17:34,053 --> 01:17:36,492
Speaker 20: all the time when it comes to budget and reaction.

1660
01:17:36,532 --> 01:17:38,692
Speaker 20: You've heard of some of it here from me this afternoon,

1661
01:17:39,093 --> 01:17:40,852
Speaker 20: but I think some other good stuff coming out as

1662
01:17:40,893 --> 01:17:42,253
Speaker 20: we continue to unpack the budget.

1663
01:17:43,173 --> 01:17:43,492
Speaker 2: Yeah.

1664
01:17:43,572 --> 01:17:45,372
Speaker 3: Well, I mean a lot of people are asking what

1665
01:17:45,452 --> 01:17:46,572
Speaker 3: was the lock up lunch?

1666
01:17:46,652 --> 01:17:47,532
Speaker 2: Like fellas, just what.

1667
01:17:47,532 --> 01:17:48,093
Speaker 16: Work will you do?

1668
01:17:48,173 --> 01:17:49,133
Speaker 2: I didn't get any lunch.

1669
01:17:49,133 --> 01:17:50,572
Speaker 20: I was busy looking at the budget.

1670
01:17:50,572 --> 01:17:52,892
Speaker 5: You clearly just eat an editor, I delegate and eat.

1671
01:17:52,973 --> 01:17:53,572
Speaker 5: That's my job.

1672
01:17:54,692 --> 01:17:56,213
Speaker 2: There's a milk sushi.

1673
01:17:56,293 --> 01:17:58,333
Speaker 5: There was some sausage rolls, a bit of fruits.

1674
01:17:58,412 --> 01:18:01,333
Speaker 3: Yeah, not too bad, very good, love it. Fowlers really

1675
01:18:01,412 --> 01:18:03,293
Speaker 3: enjoyed this hour. Thank you very much. We will let

1676
01:18:03,293 --> 01:18:05,532
Speaker 3: you get on because you've got a big afternoon ahead

1677
01:18:05,572 --> 01:18:10,132
Speaker 3: of you, but we'll catch you again soon. That is Jason

1678
01:18:10,133 --> 01:18:14,213
Speaker 3: Wall's our political editor and CEO of Infometrics, Brad Alsome.

1679
01:18:14,213 --> 01:18:16,093
Speaker 3: We're going to open up the phone lines now, keen

1680
01:18:16,133 --> 01:18:18,812
Speaker 3: to get your thoughts about budget twenty twenty five and

1681
01:18:18,812 --> 01:18:21,492
Speaker 3: will zero in on some of those highlights you're listening to.

1682
01:18:21,492 --> 01:18:24,212
Speaker 3: Matt and Tyler. Very very good afternoons you news coming.

1683
01:18:24,093 --> 01:18:29,213
Speaker 1: Up the switch at budget? Do you come out better off?

1684
01:18:29,333 --> 01:18:31,812
Speaker 1: Call eight hundred and eighty ten eighty and have your

1685
01:18:31,893 --> 01:18:35,293
Speaker 1: say Budget twenty twenty five on Matt Heath and Tyler

1686
01:18:35,333 --> 01:18:36,972
Speaker 1: Adams Afternoons Youth Talk.

1687
01:18:37,093 --> 01:18:37,452
Speaker 14: Ze'd be.

1688
01:18:39,053 --> 01:18:41,892
Speaker 3: Very good afternoon cheer, welcome back into the show and

1689
01:18:42,053 --> 01:18:45,293
Speaker 3: love to hear your thoughts about budget twenty twenty five.

1690
01:18:45,333 --> 01:18:47,892
Speaker 3: The government has made cuts the key we Saver, slash

1691
01:18:47,933 --> 01:18:51,293
Speaker 3: pet start payments and unveiled a six point six billion

1692
01:18:51,333 --> 01:18:53,093
Speaker 3: dollar tax and center for businesses.

1693
01:18:53,333 --> 01:18:55,492
Speaker 2: Well it's been pile drived into our heads over the

1694
01:18:55,572 --> 01:18:58,973
Speaker 2: last hour. Interesting. The things that jump out for me

1695
01:18:59,013 --> 01:19:01,612
Speaker 2: are the key WE Saver, the changing of the default

1696
01:19:01,612 --> 01:19:04,412
Speaker 2: employer contribution rate from three to four percent, and also

1697
01:19:04,532 --> 01:19:07,692
Speaker 2: capping government contributions from people earning more than one hundred

1698
01:19:07,692 --> 01:19:08,293
Speaker 2: and eighty k year.

1699
01:19:08,812 --> 01:19:12,132
Speaker 3: Yeah, I mean it is that will be of interest

1700
01:19:12,173 --> 01:19:13,933
Speaker 3: to a lot of people. There are many many New

1701
01:19:14,053 --> 01:19:16,612
Speaker 3: Zealanders in Key we save and you as a business,

1702
01:19:16,612 --> 01:19:19,532
Speaker 3: how would you be feeling about that increase to four percent?

1703
01:19:19,612 --> 01:19:23,852
Speaker 3: Currently mandatory that you match that contribution at three percent.

1704
01:19:23,933 --> 01:19:27,012
Speaker 3: That extra percent, even though it is over the space

1705
01:19:27,053 --> 01:19:30,133
Speaker 3: of three three years, would still be of concern to

1706
01:19:30,173 --> 01:19:34,213
Speaker 3: some businesses, particularly if they've got a large staff. That is,

1707
01:19:34,253 --> 01:19:36,253
Speaker 3: for a lot of businesses, their biggest expense.

1708
01:19:36,333 --> 01:19:38,213
Speaker 2: Right, Cleer, there's another percent.

1709
01:19:38,893 --> 01:19:40,732
Speaker 3: So can you hear from you on eight hundred eighty

1710
01:19:40,893 --> 01:19:45,212
Speaker 3: ten eighty But overall, whether you want to talk about health, education,

1711
01:19:45,452 --> 01:19:47,772
Speaker 3: the state of the economy, the benefit changes are very

1712
01:19:47,772 --> 01:19:50,133
Speaker 3: interesting as well. Can you get your thoughts on eight

1713
01:19:50,253 --> 01:19:53,213
Speaker 3: hundred eighty ten eighty What would you rate it out

1714
01:19:53,253 --> 01:19:53,732
Speaker 3: of ten?

1715
01:19:54,372 --> 01:19:57,173
Speaker 2: From my own thinking, and.

1716
01:19:56,933 --> 01:20:00,213
Speaker 3: I'm still analyzing some of these bits and pieces, I

1717
01:20:00,293 --> 01:20:03,253
Speaker 3: think I would give it a seven, maybe a six

1718
01:20:03,253 --> 01:20:03,732
Speaker 3: point five.

1719
01:20:04,013 --> 01:20:05,652
Speaker 2: That's that that's a number you give when you have

1720
01:20:06,093 --> 01:20:09,852
Speaker 2: you're refusing to refusing to really have an opinion.

1721
01:20:09,933 --> 01:20:12,692
Speaker 3: Yeah, yeah, I mean it's solid and I get what

1722
01:20:12,772 --> 01:20:16,812
Speaker 3: this government says it's trying to do, and she touted

1723
01:20:16,812 --> 01:20:19,612
Speaker 3: it as the Nobs budget, But the very fact that

1724
01:20:19,652 --> 01:20:23,812
Speaker 3: there is bugger all in there for anybody. I get

1725
01:20:23,812 --> 01:20:25,732
Speaker 3: we're in a difficult position at the moment, but you

1726
01:20:25,853 --> 01:20:27,572
Speaker 3: expect a few lollies in there.

1727
01:20:27,772 --> 01:20:31,333
Speaker 2: Just to keep some optimism and confidence in the market. Yeah,

1728
01:20:31,333 --> 01:20:32,852
Speaker 2: I waite hundred to eighty ten eighty. What do you

1729
01:20:32,893 --> 01:20:35,612
Speaker 2: think about these KII savor changes? Something else of interest

1730
01:20:35,652 --> 01:20:37,652
Speaker 2: to me was the benefit changes. Those who are eighteen

1731
01:20:37,732 --> 01:20:39,932
Speaker 2: or nineteen will not be eligible for the benefit unless

1732
01:20:39,973 --> 01:20:42,572
Speaker 2: their parents are unable to support them, So that'll be

1733
01:20:42,612 --> 01:20:46,293
Speaker 2: means tested. Which is an interesting idea, isn't it Between

1734
01:20:46,333 --> 01:20:49,492
Speaker 2: eighteen and nineteen It sort of collect. You know, what

1735
01:20:49,492 --> 01:20:53,132
Speaker 2: I've always said to my kids is that once you're eighteen,

1736
01:20:53,492 --> 01:20:55,093
Speaker 2: you have to listen to me until you're eighteen. Then

1737
01:20:55,093 --> 01:20:57,052
Speaker 2: when you're eighteen, then you can make your own decisions

1738
01:20:57,093 --> 01:20:59,892
Speaker 2: in life. But that means you get your own responsibilities. Yeah, argue,

1739
01:20:59,893 --> 01:21:02,692
Speaker 2: Look this is saying now, is that that extends to nineteen?

1740
01:21:02,893 --> 01:21:06,213
Speaker 3: Yeah, I mean that is a very That was a

1741
01:21:06,253 --> 01:21:09,052
Speaker 3: surprising announcement in the budget that those who are eighteen

1742
01:21:09,053 --> 01:21:11,612
Speaker 3: and nineteen will not be eligible for the benefit unless

1743
01:21:11,612 --> 01:21:14,492
Speaker 3: their parents are unable to financially support them. And I

1744
01:21:14,492 --> 01:21:16,812
Speaker 3: don't know about the fairness of that to be frank

1745
01:21:16,933 --> 01:21:19,173
Speaker 3: that if your parents, if you're an eighteen or nineteen

1746
01:21:19,213 --> 01:21:21,213
Speaker 3: year old and you're out of a job, but because

1747
01:21:21,253 --> 01:21:23,732
Speaker 3: your parents have done well in life and are earning

1748
01:21:23,772 --> 01:21:27,333
Speaker 3: a good income, you're not going to, you know, get

1749
01:21:27,732 --> 01:21:30,812
Speaker 3: that safetynit from the government. Is that safetynit is there

1750
01:21:30,853 --> 01:21:34,532
Speaker 3: for everybody and the appearance have paid into, you know,

1751
01:21:34,652 --> 01:21:37,333
Speaker 3: taxes throughout their career. But by the very fact that

1752
01:21:37,333 --> 01:21:39,572
Speaker 3: they are earning too much money that they have to

1753
01:21:39,612 --> 01:21:41,692
Speaker 3: support the eighteen and nineteen year olds out of a job.

1754
01:21:41,893 --> 01:21:43,852
Speaker 2: How is that fair? Well, I guess the argument is

1755
01:21:43,893 --> 01:21:46,333
Speaker 2: that you want those people either looking for work or

1756
01:21:46,612 --> 01:21:50,012
Speaker 2: in some kind of education, and you want the parents

1757
01:21:50,013 --> 01:21:53,213
Speaker 2: to apply that pressure because but you know me, boy,

1758
01:21:53,253 --> 01:21:54,892
Speaker 2: it's going to be a lot of arguments, isn't it. Yeah,

1759
01:21:54,973 --> 01:21:55,772
Speaker 2: get off the couch.

1760
01:21:56,133 --> 01:21:58,213
Speaker 3: Well, you are a parent, and I think one of

1761
01:21:58,253 --> 01:22:00,572
Speaker 3: your children is pretty close to eighteen, right if he's

1762
01:22:00,572 --> 01:22:02,852
Speaker 3: not eighteen and so how would you feel about that?

1763
01:22:02,933 --> 01:22:05,333
Speaker 3: So if he was out of work and then the

1764
01:22:05,372 --> 01:22:07,253
Speaker 3: government says to you, I'm sorry, Matt, you earn too

1765
01:22:07,333 --> 01:22:10,092
Speaker 3: much money. It's up to you who support your child,

1766
01:22:10,253 --> 01:22:12,012
Speaker 3: and he's not going to be able to tap into

1767
01:22:12,133 --> 01:22:15,812
Speaker 3: any sort of job seeker allowance. How would you feel

1768
01:22:15,812 --> 01:22:17,692
Speaker 3: about that, as someone who's done pretty well in your life.

1769
01:22:17,692 --> 01:22:19,732
Speaker 2: Well, well, I would hope that I brought up my

1770
01:22:19,812 --> 01:22:21,572
Speaker 2: kid in such a way that he'd be looking for

1771
01:22:21,572 --> 01:22:24,532
Speaker 2: a job or doing some education rights. That's what I

1772
01:22:24,572 --> 01:22:27,532
Speaker 2: would hope for. But I have said to him and

1773
01:22:27,652 --> 01:22:29,412
Speaker 2: both my kids, and it's been a way, as I

1774
01:22:29,452 --> 01:22:31,253
Speaker 2: was just saying before, it's been a way that I've

1775
01:22:31,492 --> 01:22:34,532
Speaker 2: kind of seen that there's an end to me telling

1776
01:22:34,572 --> 01:22:36,572
Speaker 2: them what to do. I've always said, you have to

1777
01:22:36,652 --> 01:22:39,812
Speaker 2: do what I tell you to do while you're a kid,

1778
01:22:39,973 --> 01:22:42,612
Speaker 2: and that ends at eighteen. When you're eighteen, you can

1779
01:22:42,612 --> 01:22:47,093
Speaker 2: make all your decisions in life. Yeah, And so you

1780
01:22:47,133 --> 01:22:48,652
Speaker 2: know that they could push that back on me. If

1781
01:22:48,652 --> 01:22:51,973
Speaker 2: you wanted to go on an unemployment benefit. It'd be like, well, no,

1782
01:22:52,013 --> 01:22:53,812
Speaker 2: I can't make I can't I'm coming back. I'm dead.

1783
01:22:53,893 --> 01:22:54,093
Speaker 14: Yeah.

1784
01:22:54,133 --> 01:22:56,173
Speaker 3: Oh, eight one hundred eighty ten eighty is the number

1785
01:22:56,173 --> 01:22:57,093
Speaker 3: to call. Let's get into this.

1786
01:22:57,133 --> 01:23:00,533
Speaker 2: It is eleven past three.

1787
01:23:01,452 --> 01:23:04,333
Speaker 3: Very good afternoon to you, and we are talking about

1788
01:23:04,333 --> 01:23:07,572
Speaker 3: budget twenty twenty five. Of course, your reaction to what

1789
01:23:07,772 --> 01:23:11,133
Speaker 3: was in that budget, and we have focused on what

1790
01:23:11,452 --> 01:23:14,972
Speaker 3: was a surprising announcement within that budget that eighteen to

1791
01:23:15,053 --> 01:23:18,013
Speaker 3: nineteen year olds who find themselves out of work if

1792
01:23:18,013 --> 01:23:20,652
Speaker 3: their parents earn a certain amount of money, they will

1793
01:23:20,652 --> 01:23:22,772
Speaker 3: not be supported by any sort of benefit.

1794
01:23:23,093 --> 01:23:25,532
Speaker 2: My nineteen year old is studying full time away from home.

1795
01:23:25,612 --> 01:23:29,492
Speaker 2: Student allowances is means tested, So why shouldn't unemployment be

1796
01:23:30,093 --> 01:23:33,732
Speaker 2: and job seeker be? Yeah, glad you mentioned that. I

1797
01:23:33,812 --> 01:23:36,572
Speaker 2: think it's crap. A look at parents who have separated.

1798
01:23:36,572 --> 01:23:38,652
Speaker 2: A child is still at UNI, is away from home,

1799
01:23:38,692 --> 01:23:41,293
Speaker 2: but still has to pay for a house to rent

1800
01:23:41,372 --> 01:23:45,452
Speaker 2: during holidays, and student loan is succeeded due to holidays.

1801
01:23:45,492 --> 01:23:47,932
Speaker 2: Then what if they can't get a job and therefore

1802
01:23:47,973 --> 01:23:51,812
Speaker 2: don't qualify who pays? Just a scenario most likely not

1803
01:23:51,973 --> 01:23:52,532
Speaker 2: thought through.

1804
01:23:52,732 --> 01:23:54,732
Speaker 3: Yeah, oh, eight one hundred and eighty teen eighty is

1805
01:23:54,772 --> 01:23:55,532
Speaker 3: the number to call.

1806
01:23:55,652 --> 01:23:58,093
Speaker 2: Greg. What's your thoughts?

1807
01:23:58,772 --> 01:23:58,892
Speaker 13: Oh?

1808
01:23:59,013 --> 01:24:02,772
Speaker 11: Get it, guys. I think it's one of the best

1809
01:24:02,772 --> 01:24:06,173
Speaker 11: things that I've heard in a very long time. And

1810
01:24:07,013 --> 01:24:10,172
Speaker 11: I'm usually pretty left leaning in terms of my approach

1811
01:24:10,213 --> 01:24:14,932
Speaker 11: to politics and finances and so forth. But I'll say

1812
01:24:14,973 --> 01:24:19,492
Speaker 11: these two things. As a country, financially, we're not in

1813
01:24:19,532 --> 01:24:23,572
Speaker 11: great shape, and I'm not trying to point figures why

1814
01:24:23,572 --> 01:24:25,932
Speaker 11: we're there. It's just that is a statement of fact.

1815
01:24:27,492 --> 01:24:31,732
Speaker 11: We need people to support themselves. I think as a culture,

1816
01:24:31,772 --> 01:24:34,972
Speaker 11: as a country, we have this idea that if something's

1817
01:24:35,013 --> 01:24:38,492
Speaker 11: wrong in our environment, then the government's going to front

1818
01:24:38,612 --> 01:24:42,492
Speaker 11: up with some money to pay for it. And I

1819
01:24:42,572 --> 01:24:47,053
Speaker 11: have to say I'm well overhearing that from individuals and

1820
01:24:47,173 --> 01:24:50,972
Speaker 11: interest groups and sports clubs. If you want something, get

1821
01:24:50,973 --> 01:24:53,452
Speaker 11: off your butt and go and get it, don't need

1822
01:24:53,492 --> 01:24:54,692
Speaker 11: to be the government to pay for here.

1823
01:24:55,053 --> 01:24:59,532
Speaker 2: So if you had a child that was nineteen and

1824
01:24:59,812 --> 01:25:05,452
Speaker 2: wasn't studying, and it wasn't didn't have a job, you

1825
01:25:05,532 --> 01:25:09,812
Speaker 2: think that that is your responsibility to cover him or.

1826
01:25:09,812 --> 01:25:15,612
Speaker 11: Her, absolutely, And I'll take it just one step further.

1827
01:25:16,452 --> 01:25:20,173
Speaker 11: I think it's your family's responsibility to look after that situation.

1828
01:25:20,732 --> 01:25:23,253
Speaker 11: And part of doing that is to get that person

1829
01:25:24,692 --> 01:25:27,852
Speaker 11: into a situation where they're doing something constructive, whether it

1830
01:25:27,933 --> 01:25:33,132
Speaker 11: is further learning, whether it's in terms of a study,

1831
01:25:33,572 --> 01:25:36,572
Speaker 11: or it's paid learning in terms of an apprenticeship, or

1832
01:25:36,652 --> 01:25:40,213
Speaker 11: it's actually you've got a job. I know a couple

1833
01:25:40,253 --> 01:25:44,293
Speaker 11: of young guys who were in that situation and they

1834
01:25:44,372 --> 01:25:48,012
Speaker 11: come out of school with no real qualifications didn't look

1835
01:25:48,093 --> 01:25:51,253
Speaker 11: like a great future for themselves, and so what they

1836
01:25:51,293 --> 01:25:54,532
Speaker 11: did instead of sitting around and expecting the government to

1837
01:25:54,532 --> 01:25:57,972
Speaker 11: hand amount money, they've started up a little gardening business

1838
01:25:58,412 --> 01:26:01,293
Speaker 11: and they've got more work than they can possibly handle.

1839
01:26:01,853 --> 01:26:05,293
Speaker 11: And now they're at the stage where they've bought a

1840
01:26:05,412 --> 01:26:08,692
Speaker 11: lower cost rental property somewhere else in the country that

1841
01:26:08,732 --> 01:26:11,572
Speaker 11: they're renting out. And I'm going that's the sort of

1842
01:26:11,572 --> 01:26:14,253
Speaker 11: people what we need in our society, and no more

1843
01:26:14,293 --> 01:26:16,412
Speaker 11: of this. The government's going to pay for everything that's

1844
01:26:16,452 --> 01:26:17,013
Speaker 11: wrong with us.

1845
01:26:17,213 --> 01:26:19,612
Speaker 3: Greg, I agree with what you're saying, but where I

1846
01:26:19,652 --> 01:26:22,133
Speaker 3: have a problem is the means testing element. Surely it

1847
01:26:22,133 --> 01:26:25,213
Speaker 3: would make more sense to incentivize across the board. It

1848
01:26:25,213 --> 01:26:27,253
Speaker 3: doesn't matter what you're earning as a family or what

1849
01:26:27,293 --> 01:26:29,652
Speaker 3: your parents are earning. If you're in that position and

1850
01:26:29,692 --> 01:26:31,972
Speaker 3: your child is out of work at eighteen or nineteen,

1851
01:26:32,133 --> 01:26:34,293
Speaker 3: there's got to be incentives across the board, because as

1852
01:26:34,333 --> 01:26:37,213
Speaker 3: I read it now, it just means that that parents

1853
01:26:37,213 --> 01:26:39,692
Speaker 3: who have done well for themselves will not have any

1854
01:26:39,732 --> 01:26:41,732
Speaker 3: sort of safety net for their children at that stage

1855
01:26:41,732 --> 01:26:44,452
Speaker 3: of their life, whereas those who are at the bottom

1856
01:26:44,492 --> 01:26:45,252
Speaker 3: end of the scale.

1857
01:26:45,412 --> 01:26:46,333
Speaker 2: It is status quo.

1858
01:26:47,772 --> 01:26:48,173
Speaker 12: I look, I.

1859
01:26:48,173 --> 01:26:51,013
Speaker 11: Actually agree with you. It shouldn't be means tested. And

1860
01:26:51,093 --> 01:26:55,412
Speaker 11: I know where we have that very egalitarian approach to society.

1861
01:26:56,893 --> 01:26:58,892
Speaker 11: I think in this case it's wrong. It sends all

1862
01:26:58,933 --> 01:27:04,012
Speaker 11: the wrong messages. It's about family. Take control and get

1863
01:27:04,293 --> 01:27:07,572
Speaker 11: your family members into a situation where they can see

1864
01:27:07,572 --> 01:27:08,213
Speaker 11: a future for them.

1865
01:27:10,772 --> 01:27:13,652
Speaker 2: Yeah, and I thank you for you cool Greg. This

1866
01:27:13,692 --> 01:27:15,932
Speaker 2: text is the job seeker is means tested already. If

1867
01:27:15,933 --> 01:27:18,213
Speaker 2: you have cash or assets, you'll get nothing until those

1868
01:27:18,213 --> 01:27:20,772
Speaker 2: are depleted. Yeah, but that's not the case if you

1869
01:27:20,853 --> 01:27:24,612
Speaker 2: are eighteen between eighteen and nineteen, because you don't have

1870
01:27:24,652 --> 01:27:26,572
Speaker 2: any assets at this point. But they're saying that they're

1871
01:27:26,572 --> 01:27:27,732
Speaker 2: going to means test your parents.

1872
01:27:28,293 --> 01:27:31,932
Speaker 3: That's the change. We also are keen to get your

1873
01:27:31,973 --> 01:27:34,452
Speaker 3: thoughts on changes to the Best Start credit. So the

1874
01:27:34,452 --> 01:27:38,133
Speaker 3: best start credit, if you don't know, is payments that

1875
01:27:38,133 --> 01:27:40,213
Speaker 3: give extra support to your family over the first three

1876
01:27:40,293 --> 01:27:42,452
Speaker 3: years of a child's life. So the best Start text

1877
01:27:42,492 --> 01:27:44,932
Speaker 3: credit will also be means tested. A lot of means

1878
01:27:44,973 --> 01:27:48,093
Speaker 3: testing coming into this budget from April twenty twenty six,

1879
01:27:48,133 --> 01:27:51,532
Speaker 3: with payments starting to decline above a family income of

1880
01:27:51,652 --> 01:27:54,052
Speaker 3: seventy nine thousand dollars A year and cut all together

1881
01:27:54,093 --> 01:27:58,293
Speaker 3: for incomes above ninety seven thousand dollars. When you look

1882
01:27:58,293 --> 01:28:00,612
Speaker 3: at a family income of ninety seven thousand dollars, so

1883
01:28:00,612 --> 01:28:02,892
Speaker 3: if you've got two parents, that is not a hell

1884
01:28:02,893 --> 01:28:03,492
Speaker 3: of a lot of money.

1885
01:28:03,652 --> 01:28:05,213
Speaker 2: Yeah. Well, we've got to ask ourselves do we want

1886
01:28:05,253 --> 01:28:07,613
Speaker 2: more children in this country? And I think we desperately

1887
01:28:07,652 --> 01:28:13,452
Speaker 2: need more child Our replacement rate is dire and so

1888
01:28:13,893 --> 01:28:16,572
Speaker 2: you know, I don't know, you know, we can't support

1889
01:28:16,612 --> 01:28:18,973
Speaker 2: absolutely everything, but personally, I feel like something that we

1890
01:28:19,013 --> 01:28:21,333
Speaker 2: need to support is getting people to be able to

1891
01:28:21,333 --> 01:28:23,972
Speaker 2: have as many children as we can get people to have. Yeah,

1892
01:28:24,013 --> 01:28:26,333
Speaker 2: I think that's somewhere in terms of growth and in

1893
01:28:26,412 --> 01:28:29,572
Speaker 2: terms of our economy going forward, in terms of paying

1894
01:28:29,973 --> 01:28:33,372
Speaker 2: super going forward. We need some more people coming through.

1895
01:28:33,492 --> 01:28:36,572
Speaker 2: We need more babies. Invest in growing babies. You get them,

1896
01:28:36,812 --> 01:28:38,453
Speaker 2: get them in the ground, get them growing.

1897
01:28:38,452 --> 01:28:40,772
Speaker 3: Nicely said, Oh, eight hundred eighty ten eighty is the

1898
01:28:40,853 --> 01:28:42,972
Speaker 3: number to call love to hear your thoughts about the budget.

1899
01:28:43,532 --> 01:28:45,732
Speaker 2: It is nineteen past three. Bag very shortly.

1900
01:28:47,372 --> 01:28:50,133
Speaker 1: What's your take? Call Oh, eight hundred and eighty ten eighty,

1901
01:28:50,213 --> 01:28:52,572
Speaker 1: and have yours stay on budget of twenty twenty five.

1902
01:28:52,812 --> 01:28:55,652
Speaker 1: Matt Heath and Taylor Adams afternoons on news talks.

1903
01:28:55,652 --> 01:28:58,172
Speaker 3: That'd be very good afternoon to you, and we are

1904
01:28:58,173 --> 01:29:00,692
Speaker 3: talking about budget twenty twenty five, of course, and getting

1905
01:29:00,692 --> 01:29:02,452
Speaker 3: your thoughts on it on O eight hundred eighty ten

1906
01:29:02,492 --> 01:29:03,692
Speaker 3: eighty some good techs coming through.

1907
01:29:03,732 --> 01:29:05,732
Speaker 2: Hi there, guys. I can't believe young adults of eighteen

1908
01:29:05,732 --> 01:29:07,652
Speaker 2: and nineteen are on the benefit. I see so many

1909
01:29:07,652 --> 01:29:10,333
Speaker 2: of my friends slash clients, kids just doing what they

1910
01:29:10,532 --> 01:29:13,372
Speaker 2: like and sponging off their parents even when their parents

1911
01:29:13,492 --> 01:29:16,732
Speaker 2: aren't well off, not even pulling their weight in the house.

1912
01:29:16,893 --> 01:29:19,812
Speaker 2: They say they have no money, then go out to concerts, parties,

1913
01:29:19,812 --> 01:29:22,492
Speaker 2: et cetera, and don't contribute to food, then saying that

1914
01:29:22,532 --> 01:29:25,573
Speaker 2: they don't have any money and spending their benefit on themselves.

1915
01:29:26,013 --> 01:29:28,772
Speaker 2: There are jobs, but sometimes you have to do any

1916
01:29:28,853 --> 01:29:31,612
Speaker 2: job until the right one comes along. So many young

1917
01:29:31,652 --> 01:29:34,812
Speaker 2: ones doing degrees and getting in debt, and their degree

1918
01:29:34,853 --> 01:29:36,772
Speaker 2: won't even get them a job in the real world

1919
01:29:37,053 --> 01:29:39,253
Speaker 2: as it hasn't translated into a job, as it's a

1920
01:29:39,293 --> 01:29:42,772
Speaker 2: degree that it isn't ever going to lead to a job,

1921
01:29:42,893 --> 01:29:43,652
Speaker 2: says this text.

1922
01:29:43,853 --> 01:29:46,732
Speaker 3: Yeap, So that is in relation to an announcement in

1923
01:29:46,772 --> 01:29:49,412
Speaker 3: the budget that those who are eighteen or nineteen will

1924
01:29:49,412 --> 01:29:51,852
Speaker 3: not be eligible for the benefit unless their parents are

1925
01:29:51,933 --> 01:29:54,293
Speaker 3: unable to financially support them.

1926
01:29:54,532 --> 01:29:55,892
Speaker 2: So can you get your view on that? Oh, one

1927
01:29:55,933 --> 01:29:58,492
Speaker 2: hundred and eighty ten eighty, And of course perhaps people

1928
01:29:58,612 --> 01:30:00,692
Speaker 2: text in what are these people going to do? As

1929
01:30:01,133 --> 01:30:06,333
Speaker 2: another text to says, well, you know there's provisions there

1930
01:30:06,372 --> 01:30:09,293
Speaker 2: for special circumstances where people can apply for support, but

1931
01:30:09,333 --> 01:30:12,293
Speaker 2: obviously need to be investigated and legit as George says, yeah,

1932
01:30:12,333 --> 01:30:14,973
Speaker 2: so it's not you know, if there's problems with the

1933
01:30:15,013 --> 01:30:19,892
Speaker 2: family or you know, estranged, whatever has happened. Dean, welcome

1934
01:30:19,933 --> 01:30:22,852
Speaker 2: to the show your thoughts on on budget twenty twenty five.

1935
01:30:24,053 --> 01:30:28,012
Speaker 9: Yday, guys, and thanks for having me look for my position,

1936
01:30:28,133 --> 01:30:33,892
Speaker 9: I give it a strong seven, but like your previous

1937
01:30:33,933 --> 01:30:42,893
Speaker 9: caller from the no nonsense policy and ensuring that defense

1938
01:30:43,333 --> 01:30:49,973
Speaker 9: and crime and education, health and governance, I give it

1939
01:30:49,973 --> 01:30:53,972
Speaker 9: a nine out of ten. But for me, why it's

1940
01:30:54,173 --> 01:30:59,213
Speaker 9: seven is that there was enough focus on the export orientation,

1941
01:30:59,333 --> 01:31:03,012
Speaker 9: which is going to drive US as as a country

1942
01:31:04,013 --> 01:31:08,133
Speaker 9: to increase our GDP. So that's and I can give

1943
01:31:08,173 --> 01:31:10,733
Speaker 9: you an example, but I'm just waiting for your thoughts.

1944
01:31:11,053 --> 01:31:13,852
Speaker 3: Well, we'd love to hear the examples. You're talking about

1945
01:31:14,293 --> 01:31:19,013
Speaker 3: export businesses, you think they needed some more incentives.

1946
01:31:19,732 --> 01:31:22,412
Speaker 9: Look, from my point of view, if you look at Ireland,

1947
01:31:23,013 --> 01:31:25,772
Speaker 9: which is the ECOD population of five point three million,

1948
01:31:26,372 --> 01:31:30,452
Speaker 9: five point four million, such as US Ireland and bess

1949
01:31:30,692 --> 01:31:35,612
Speaker 9: And through their enterprise island into two point one billion

1950
01:31:35,652 --> 01:31:40,133
Speaker 9: dollars in New Zealand a year across their sneeze and

1951
01:31:40,253 --> 01:31:48,053
Speaker 9: to grow sneeze AI enterprises and their export focus New

1952
01:31:48,093 --> 01:31:51,652
Speaker 9: Zealand Trade and Enterprise we spend two hundred and fifty million,

1953
01:31:52,612 --> 01:31:56,133
Speaker 9: So that's the island with the same population spends ten

1954
01:31:56,253 --> 01:32:01,452
Speaker 9: times to grow their exporters and focus. From not just

1955
01:32:01,572 --> 01:32:05,052
Speaker 9: the top twenty which we hear about all the time,

1956
01:32:05,133 --> 01:32:08,893
Speaker 9: the pointers and all that, it's how to drive the

1957
01:32:09,173 --> 01:32:14,173
Speaker 9: amazing sneeze that Rezulders have to export overseason. We're at

1958
01:32:14,173 --> 01:32:15,812
Speaker 9: the end of the we're at the end of the world.

1959
01:32:16,612 --> 01:32:20,333
Speaker 9: We need help to grow. And it wasn't enough that.

1960
01:32:21,093 --> 01:32:24,652
Speaker 9: Now I know there's changes in Callahan, what they're going

1961
01:32:24,692 --> 01:32:27,732
Speaker 9: to do. There's going to be some kind of enterprise

1962
01:32:27,853 --> 01:32:33,052
Speaker 9: use dealer. We have not seen it. So they got

1963
01:32:33,133 --> 01:32:36,613
Speaker 9: to what's going to drive this come be forwards? And exporters.

1964
01:32:37,532 --> 01:32:40,372
Speaker 9: The bulk of the kiwis that actually U sport are

1965
01:32:40,372 --> 01:32:43,612
Speaker 9: not the top ten in terms of the in terms

1966
01:32:43,612 --> 01:32:45,293
Speaker 9: of the numbers. It's a smeeeze.

1967
01:32:45,652 --> 01:32:46,293
Speaker 2: Yeah, it wasn't.

1968
01:32:47,253 --> 01:32:50,412
Speaker 3: So that tax incentive for businesses that was announced. You

1969
01:32:50,492 --> 01:32:52,652
Speaker 3: think it doesn't go far enough and you're I mean,

1970
01:32:52,692 --> 01:32:54,772
Speaker 3: would you have preferred to see There was some talk

1971
01:32:54,812 --> 01:32:57,892
Speaker 3: around cutting the rate of corporate tax and you mentioned

1972
01:32:57,893 --> 01:33:01,412
Speaker 3: Ireland there, and we know Ireland certainly has a small

1973
01:33:01,492 --> 01:33:04,053
Speaker 3: rate of corporate tax at twelve point five percent, and

1974
01:33:04,173 --> 01:33:07,612
Speaker 3: many argue that that helped turn the Ireland Irish economy around.

1975
01:33:07,973 --> 01:33:10,053
Speaker 3: Was that more what you were hoping to see rather

1976
01:33:10,133 --> 01:33:13,173
Speaker 3: than this tax and center for this tax break on machinery.

1977
01:33:14,213 --> 01:33:16,532
Speaker 9: I look at spot on what the government's done. That's

1978
01:33:16,572 --> 01:33:18,253
Speaker 9: what I've said. I've given it nine out of ten

1979
01:33:18,293 --> 01:33:22,213
Speaker 9: of what is motive. What's missing is the end to end.

1980
01:33:22,293 --> 01:33:30,692
Speaker 9: What's needed to take a speeze going forward. SNAE need expertise, knowledge, advice, markets, pricing,

1981
01:33:31,133 --> 01:33:37,372
Speaker 9: technology incentives. How would you grow out businesses overseas? That

1982
01:33:37,532 --> 01:33:42,093
Speaker 9: was what's missing in terms of the machinery end, which

1983
01:33:42,133 --> 01:33:45,652
Speaker 9: is a back end. Great, but you kind of best

1984
01:33:45,772 --> 01:33:48,532
Speaker 9: unless you can find the focus that we're going to

1985
01:33:48,572 --> 01:33:50,892
Speaker 9: build a business too, and that was missing.

1986
01:33:51,093 --> 01:33:55,173
Speaker 3: Yeah, right, nicely, said Dane. Very interesting. Yeah, there's some

1987
01:33:55,213 --> 01:33:58,173
Speaker 3: great texts coming through on nine two nine two, but

1988
01:33:58,372 --> 01:34:00,053
Speaker 3: just on the you know, there was a lot of

1989
01:34:00,053 --> 01:34:03,092
Speaker 3: noise around that corporate tax discussion and that's a difficult

1990
01:34:03,093 --> 01:34:05,972
Speaker 3: one for any government to start to x write because

1991
01:34:05,973 --> 01:34:08,892
Speaker 3: they need that revenue coming in. And to Doane's point,

1992
01:34:09,253 --> 01:34:12,013
Speaker 3: and he's in the industry and obviously very knowledgeable about it,

1993
01:34:12,452 --> 01:34:16,892
Speaker 3: more incentive on the ability for New Zealand companies to

1994
01:34:16,933 --> 01:34:19,213
Speaker 3: do business off shore. But do you think they made

1995
01:34:19,213 --> 01:34:21,812
Speaker 3: a mistake not looking at that corporate tech side of things?

1996
01:34:22,492 --> 01:34:24,133
Speaker 2: Yeah, eight one hundred and eighty ten eighty. What do

1997
01:34:24,133 --> 01:34:27,852
Speaker 2: you think BArch and check texts coming through Matt and Tyler.

1998
01:34:27,853 --> 01:34:30,532
Speaker 2: You mentioned about your kids being eighteen or nineteen and

1999
01:34:30,572 --> 01:34:32,972
Speaker 2: not having a jobs. These are not kids, these are adults.

2000
01:34:33,093 --> 01:34:37,133
Speaker 2: Start treating them like adults. Yeah. My daughter was twenty

2001
01:34:37,133 --> 01:34:39,652
Speaker 2: three years old and had been driving trucks for four

2002
01:34:39,732 --> 01:34:42,173
Speaker 2: years and was on thirty seven dollars an hour. At

2003
01:34:42,213 --> 01:34:44,732
Speaker 2: thirteen years old, she booked herself into a sharing school

2004
01:34:44,812 --> 01:34:47,253
Speaker 2: and learned how to share sheep. They are all good

2005
01:34:47,293 --> 01:34:49,532
Speaker 2: practical skills that a lot of the young ones lack.

2006
01:34:49,572 --> 01:34:55,852
Speaker 2: That's from Mark. Yeah, I mean, so that's that's two

2007
01:34:55,893 --> 01:34:58,293
Speaker 2: sides of it, isn't it. So eighteen and nineteen, they

2008
01:34:58,293 --> 01:35:03,372
Speaker 2: aren't really kids anymore, but the governments saying that by

2009
01:35:03,492 --> 01:35:07,213
Speaker 2: means testing the parents that they are still kids. Yeah,

2010
01:35:07,213 --> 01:35:13,093
Speaker 2: So you're a you're elongating their childhood. Yeah, and so

2011
01:35:13,293 --> 01:35:15,372
Speaker 2: you're sort of looking at that way way at the

2012
01:35:15,412 --> 01:35:17,013
Speaker 2: same time, you're thinking, get off, you know, go and

2013
01:35:17,013 --> 01:35:20,893
Speaker 2: get a job, get into some training, be an adult. Yeah,

2014
01:35:20,933 --> 01:35:23,772
Speaker 2: but we are kind of saying that they're not adults yet.

2015
01:35:23,893 --> 01:35:26,093
Speaker 3: Well, that's why I'm taught on it, because I absolutely

2016
01:35:26,173 --> 01:35:29,692
Speaker 3: get the argument of parental responsibility and encouraging your kids

2017
01:35:29,732 --> 01:35:32,133
Speaker 3: to do what's needed to be successful in life. But

2018
01:35:32,213 --> 01:35:34,333
Speaker 3: the idea of means testing, and there's a lot of

2019
01:35:34,372 --> 01:35:37,692
Speaker 3: policies that talk about means testing, and we've long we've

2020
01:35:37,732 --> 01:35:40,533
Speaker 3: long been told that means testing is a very inefficient

2021
01:35:40,612 --> 01:35:46,293
Speaker 3: way to make changes, that universal is an easy way

2022
01:35:46,293 --> 01:35:48,452
Speaker 3: to do it and more effective, that when you start

2023
01:35:48,492 --> 01:35:50,612
Speaker 3: means testing it can cost a lot of money at

2024
01:35:50,612 --> 01:35:51,532
Speaker 3: the Edmond side of things.

2025
01:35:51,532 --> 01:35:52,333
Speaker 2: But ken on your thoughts.

2026
01:35:52,372 --> 01:35:55,213
Speaker 3: Oh eight hundred eighty ten eighty. It is twenty eight

2027
01:35:55,213 --> 01:35:57,092
Speaker 3: past three. Headlines with railing coming.

2028
01:35:56,973 --> 01:36:03,133
Speaker 6: Up you talk sa'd be headlines with blue bubble taxes.

2029
01:36:03,293 --> 01:36:06,652
Speaker 6: It's no trouble with a blue bubble. The finance ministers

2030
01:36:06,732 --> 01:36:10,812
Speaker 6: delivered Budget twenty twenty five. The government's found four point

2031
01:36:10,812 --> 01:36:13,972
Speaker 6: eight billion dollars a year in cost saving and cuts

2032
01:36:14,412 --> 01:36:19,133
Speaker 6: much from pay equity changes. Labour Finance spokesperson Barbara Edmond

2033
01:36:19,173 --> 01:36:22,092
Speaker 6: says this budget is built on the back of working women.

2034
01:36:22,372 --> 01:36:25,532
Speaker 13: This government has clearly said that you're not worth it.

2035
01:36:25,772 --> 01:36:29,293
Speaker 6: However, GUS subsidies are worth it. Tobacco companies are worth it,

2036
01:36:29,452 --> 01:36:33,293
Speaker 6: landlords are worth it. Multinational companies are worth it. Government

2037
01:36:33,412 --> 01:36:37,173
Speaker 6: Keiwi Savior contributions are being capped to earners under one

2038
01:36:37,253 --> 01:36:40,652
Speaker 6: hundred and eighty thousand a year and half to two

2039
01:36:40,732 --> 01:36:44,253
Speaker 6: hundred and sixty dollars each a year. The best start

2040
01:36:44,253 --> 01:36:48,132
Speaker 6: weekly payment for parents will be means tested, and eighteen

2041
01:36:48,173 --> 01:36:51,333
Speaker 6: and nineteen year olds can only get welfare if parents

2042
01:36:51,333 --> 01:36:54,612
Speaker 6: can't support them. That comes in from mid twenty twenty seven.

2043
01:36:55,253 --> 01:36:59,412
Speaker 6: Healthcare and hospital infrastructure are getting a boost, and prescriptions

2044
01:36:59,452 --> 01:37:03,253
Speaker 6: will be extended to a twelve month maximum businesses will

2045
01:37:03,253 --> 01:37:05,532
Speaker 6: now be able to deduct twenty percent of a new

2046
01:37:05,612 --> 01:37:11,652
Speaker 6: assets value from taxable income. Impossible position principles alarmed by

2047
01:37:11,732 --> 01:37:14,932
Speaker 6: cuts to youth mental health service. You can read more

2048
01:37:14,973 --> 01:37:17,572
Speaker 6: at ends at Herald Premium. Now back to matt Ethan

2049
01:37:17,652 --> 01:37:18,412
Speaker 6: Tyler Adams.

2050
01:37:18,532 --> 01:37:21,173
Speaker 3: Thank you very much, Raylean, and we're getting your thoughts

2051
01:37:21,213 --> 01:37:22,892
Speaker 3: on budget twenty twenty five.

2052
01:37:23,253 --> 01:37:26,213
Speaker 2: I wonder if Labor had budget in that. I asked

2053
01:37:26,213 --> 01:37:28,572
Speaker 2: that question before. If Brad Olson and Jason Walls, but

2054
01:37:28,893 --> 01:37:33,132
Speaker 2: you know, Labor are talking about this thirteen billion dollars

2055
01:37:34,053 --> 01:37:37,652
Speaker 2: for their changes to the pay equity that they brought in,

2056
01:37:38,572 --> 01:37:40,213
Speaker 2: did they know that it was going to blow out

2057
01:37:40,213 --> 01:37:42,492
Speaker 2: to thirteen billion dollars. I'd like to have an honest

2058
01:37:42,532 --> 01:37:45,812
Speaker 2: answer from them, or was that unforeseen circumstances from the

2059
01:37:45,893 --> 01:37:48,572
Speaker 2: changes that they made in the legislation. And in fact,

2060
01:37:48,612 --> 01:37:51,372
Speaker 2: if Labor were currently in charge of the budget, would

2061
01:37:51,412 --> 01:37:54,213
Speaker 2: they be looking at that number and going, oh my god,

2062
01:37:54,492 --> 01:37:56,253
Speaker 2: we need to do something about it. I'll just be

2063
01:37:56,293 --> 01:37:58,692
Speaker 2: interested for the honest answer from them on it, because

2064
01:37:58,933 --> 01:38:01,493
Speaker 2: when they were first talking about making those changes, they

2065
01:38:01,572 --> 01:38:04,213
Speaker 2: weren't saying they weren't banning about thirteen billion dollars.

2066
01:38:04,732 --> 01:38:06,932
Speaker 3: Yeah, I mean it's a good question and someone needs

2067
01:38:06,973 --> 01:38:09,052
Speaker 3: to put that to the Chris Hopkins. And we're also

2068
01:38:09,173 --> 01:38:12,173
Speaker 3: being talking about the changes to the benefit system. So

2069
01:38:12,213 --> 01:38:14,812
Speaker 3: many unemployed teams who do not study will not be

2070
01:38:14,893 --> 01:38:18,293
Speaker 3: eligible from mid twenty twenty seven for the benefit. As

2071
01:38:18,293 --> 01:38:20,333
Speaker 3: the government says these people should be supported by their

2072
01:38:20,372 --> 01:38:22,093
Speaker 3: parents or guardians, not the taxpayer.

2073
01:38:22,652 --> 01:38:25,213
Speaker 2: Rachel, you want to talk about this. You've got an

2074
01:38:25,213 --> 01:38:25,892
Speaker 2: eighteen year old.

2075
01:38:26,893 --> 01:38:28,612
Speaker 12: Hey, guys, enjoying your show.

2076
01:38:28,652 --> 01:38:30,412
Speaker 2: Thank you, thank you for reading.

2077
01:38:30,933 --> 01:38:33,532
Speaker 12: Yes, we do have an eighteen year old who has

2078
01:38:33,612 --> 01:38:37,212
Speaker 12: left school and he didn't want to go on the benefit,

2079
01:38:37,412 --> 01:38:39,772
Speaker 12: so he found a job. But unfortunately that job didn't

2080
01:38:39,812 --> 01:38:43,692
Speaker 12: work out. So he's been temping and trying to get

2081
01:38:43,732 --> 01:38:46,572
Speaker 12: in roads that way, which is great. He just started

2082
01:38:46,572 --> 01:38:50,173
Speaker 12: going slatting and the temping has kind of not worked

2083
01:38:50,173 --> 01:38:53,372
Speaker 12: out particularly well, so he's living pretty much hand to mouth.

2084
01:38:54,133 --> 01:38:57,572
Speaker 12: He did ask us for a loan, because you know,

2085
01:38:57,692 --> 01:38:59,892
Speaker 12: rent is jeew and power is due and all those

2086
01:38:59,893 --> 01:39:03,173
Speaker 12: good things. And I know this might sound harsh, but

2087
01:39:03,213 --> 01:39:08,372
Speaker 12: we've actually said no, and we're thinking that perhaps a

2088
01:39:08,452 --> 01:39:12,452
Speaker 12: bit of hardship might push or you know, give him

2089
01:39:12,452 --> 01:39:15,213
Speaker 12: a little bit more motivation, and I said to him,

2090
01:39:15,253 --> 01:39:17,253
Speaker 12: I said, you know, obviously we love you, but there's

2091
01:39:17,293 --> 01:39:21,333
Speaker 12: two reasons why I'm going to say no. One, we've

2092
01:39:21,372 --> 01:39:23,732
Speaker 12: always said be the lender, not the borrower, so getting

2093
01:39:23,772 --> 01:39:27,772
Speaker 12: in debt is not a good option. But two, are

2094
01:39:27,812 --> 01:39:31,532
Speaker 12: you doing everything absolutely possible, like are you spending eight

2095
01:39:31,572 --> 01:39:34,093
Speaker 12: hours a day looking for a job because your full

2096
01:39:34,133 --> 01:39:37,333
Speaker 12: time job is getting a job? And he understood that

2097
01:39:37,692 --> 01:39:39,372
Speaker 12: and as hard as it as a parent, and we

2098
01:39:39,452 --> 01:39:43,732
Speaker 12: can't afford to help him, but we've also got other

2099
01:39:43,812 --> 01:39:48,253
Speaker 12: children too, and they're all out of home. So where

2100
01:39:48,253 --> 01:39:49,093
Speaker 12: do you draw the line?

2101
01:39:49,133 --> 01:39:53,172
Speaker 2: You know, so, but of course you are the backstop

2102
01:39:53,173 --> 01:39:56,173
Speaker 2: of things got incredibly bad for him.

2103
01:39:57,372 --> 01:40:01,293
Speaker 21: Absolutely, yeah, absolutely, I've got a lot of sympathy for

2104
01:40:01,333 --> 01:40:03,133
Speaker 21: this because, as I've said on this program before, there

2105
01:40:03,173 --> 01:40:04,612
Speaker 21: was a period of time when I was on the

2106
01:40:04,732 --> 01:40:07,532
Speaker 21: job seeker benefit and staying it at mum's place.

2107
01:40:07,652 --> 01:40:10,772
Speaker 3: But the very fact that it was it was bugger

2108
01:40:10,772 --> 01:40:13,613
Speaker 3: all money as it should be gave me the motivation

2109
01:40:13,933 --> 01:40:16,333
Speaker 3: to keep going, even though it was a tough space

2110
01:40:16,372 --> 01:40:19,973
Speaker 3: after the GFC that mum wasn't going to bail me

2111
01:40:20,013 --> 01:40:22,012
Speaker 3: out with extra money to go out with my mates.

2112
01:40:22,053 --> 01:40:23,692
Speaker 3: She said, no, you're not bringing in any money, and

2113
01:40:23,732 --> 01:40:25,932
Speaker 3: until you do, you're not going to do those fun things.

2114
01:40:26,173 --> 01:40:27,013
Speaker 2: That is part of it.

2115
01:40:27,093 --> 01:40:29,572
Speaker 3: So being on that the hardship allowance of the jobs

2116
01:40:29,572 --> 01:40:32,173
Speaker 3: to go allowance when it's bugger all money and you

2117
01:40:32,532 --> 01:40:34,213
Speaker 3: can say, as a parent that is what you were

2118
01:40:34,253 --> 01:40:34,652
Speaker 3: living on.

2119
01:40:34,692 --> 01:40:36,173
Speaker 2: That is the net for you.

2120
01:40:36,652 --> 01:40:39,492
Speaker 3: Would hope that would give young people more motivation to

2121
01:40:39,572 --> 01:40:42,572
Speaker 3: get employed or go into study.

2122
01:40:43,412 --> 01:40:46,293
Speaker 12: Perhaps I think you go both ways. I know I

2123
01:40:46,412 --> 01:40:48,412
Speaker 12: was on a benefit when I at one point in

2124
01:40:48,452 --> 01:40:50,933
Speaker 12: my life and I did everything possible to get the

2125
01:40:50,933 --> 01:40:56,612
Speaker 12: hell off of it because I wanted more. But parents,

2126
01:40:56,612 --> 01:40:59,852
Speaker 12: shelling out, shelling out, it's a cushy it's a cushy number.

2127
01:40:59,853 --> 01:41:01,412
Speaker 12: Why wouldn't you want to stay at home or why

2128
01:41:01,452 --> 01:41:03,812
Speaker 12: wouldn't you want to just sponge off your parents?

2129
01:41:03,853 --> 01:41:06,972
Speaker 2: Well we had a text Rachel through that you know, said,

2130
01:41:06,973 --> 01:41:10,852
Speaker 2: these aren't kids eighteen and nineteen, they're not kids anymore,

2131
01:41:10,933 --> 01:41:13,812
Speaker 2: they're adults. What age do you think that you're an

2132
01:41:13,853 --> 01:41:15,932
Speaker 2: adult and you're in charge of your own life.

2133
01:41:18,213 --> 01:41:20,253
Speaker 12: Well, that's a tough one. It depends on the maturity

2134
01:41:20,333 --> 01:41:22,692
Speaker 12: of the eighteen or nineteen year old and how they

2135
01:41:22,732 --> 01:41:25,612
Speaker 12: handle responsibility. And you know, we talk with our kids

2136
01:41:25,652 --> 01:41:27,812
Speaker 12: and we say, okay, are you ready for flashing? Let's

2137
01:41:27,812 --> 01:41:30,333
Speaker 12: talk about that. What does it entailed? Da? Da da?

2138
01:41:30,372 --> 01:41:33,852
Speaker 12: And you know, sometimes they may they may fail at

2139
01:41:33,853 --> 01:41:36,213
Speaker 12: theirs and they may have to come home. But look

2140
01:41:36,253 --> 01:41:38,253
Speaker 12: at all the learning that they're doing at the same

2141
01:41:38,293 --> 01:41:41,692
Speaker 12: time and getting into a flat, being responsible for your

2142
01:41:41,692 --> 01:41:44,133
Speaker 12: own rent and your own food, getting out from under

2143
01:41:44,173 --> 01:41:46,652
Speaker 12: your parents. You know, it could go to those ways.

2144
01:41:47,293 --> 01:41:50,173
Speaker 2: Yeah, well, at that time when you first move out

2145
01:41:50,173 --> 01:41:52,252
Speaker 2: of home. When I moved out when I was seventeen

2146
01:41:53,053 --> 01:41:57,173
Speaker 2: and eighteen and nineteen, I was so broke, the level

2147
01:41:57,173 --> 01:41:59,772
Speaker 2: of broke I was, but it was kind of it

2148
01:41:59,812 --> 01:42:01,173
Speaker 2: was okay, didn't you.

2149
01:42:01,133 --> 01:42:03,453
Speaker 3: Live in a shack that had no insulation?

2150
01:42:03,772 --> 01:42:06,372
Speaker 2: And I lived I lived in a bank vault in

2151
01:42:06,412 --> 01:42:08,892
Speaker 2: an abandoned bank for a while, and then moved into

2152
01:42:08,893 --> 01:42:11,932
Speaker 2: a shed out the back of that's an upgrade. But

2153
01:42:12,013 --> 01:42:13,772
Speaker 2: they were good times. They were good times.

2154
01:42:13,812 --> 01:42:16,652
Speaker 12: Were crying crying walls and crying windows.

2155
01:42:16,893 --> 01:42:19,932
Speaker 2: Remember those days, which is a lot about life. Rachel. Yeah,

2156
01:42:20,173 --> 01:42:25,533
Speaker 2: is a living off chip Buddies, two middle Noodle sandwiches

2157
01:42:26,173 --> 01:42:33,053
Speaker 2: and yep, boy.

2158
01:42:31,973 --> 01:42:32,053
Speaker 19: All.

2159
01:42:32,492 --> 01:42:34,093
Speaker 2: Thank you so much for your call. Rachel. You sound

2160
01:42:34,173 --> 01:42:35,892
Speaker 2: like a great parent. Appreciate it.

2161
01:42:36,013 --> 01:42:38,852
Speaker 3: Interesting, Thank you very much. Yeah, interesting. I think she

2162
01:42:38,933 --> 01:42:41,372
Speaker 3: put that very well. One hundred and eighty ten eighty

2163
01:42:41,452 --> 01:42:44,692
Speaker 3: is the number to call hate. What's your view on

2164
01:42:44,812 --> 01:42:47,972
Speaker 3: the budget the benefit changes there?

2165
01:42:48,013 --> 01:42:49,932
Speaker 22: You going je me one hundred percent agree. What they're

2166
01:42:49,973 --> 01:42:53,893
Speaker 22: doing is now, it's about responsibility. If you've got kids,

2167
01:42:54,732 --> 01:42:56,492
Speaker 22: the days are over that you're not going to get

2168
01:42:56,532 --> 01:42:59,093
Speaker 22: a handout from the government pretty much, so it's up

2169
01:42:59,133 --> 01:43:01,452
Speaker 22: to you. They got two years basically from now, hadn't

2170
01:43:01,492 --> 01:43:06,333
Speaker 22: they twenty seven to basically when the know this is coming.

2171
01:43:06,412 --> 01:43:08,973
Speaker 22: So you got kids to the home planning videos or

2172
01:43:08,973 --> 01:43:11,972
Speaker 22: whatever they're doing slagging around the culture. What are they're

2173
01:43:11,973 --> 01:43:14,692
Speaker 22: doing is well the parents got to say that's like

2174
01:43:14,772 --> 01:43:17,253
Speaker 22: the previous lady just said, it's time to kids to

2175
01:43:17,333 --> 01:43:19,732
Speaker 22: get out there. You know, it's not easy for young ones.

2176
01:43:19,732 --> 01:43:22,973
Speaker 22: We've got to admit that. You know, I was in

2177
01:43:23,093 --> 01:43:26,412
Speaker 22: my myne I got no kids myself, but I nieces

2178
01:43:26,452 --> 01:43:27,213
Speaker 22: and nephews.

2179
01:43:26,893 --> 01:43:27,293
Speaker 11: And all that.

2180
01:43:27,652 --> 01:43:32,333
Speaker 22: They all went to two markets. They're all gone through

2181
01:43:32,452 --> 01:43:35,612
Speaker 22: pre training courses and they're all done well. And I

2182
01:43:35,692 --> 01:43:38,772
Speaker 22: wasn't given to them their parents. It's all about basically

2183
01:43:38,812 --> 01:43:40,293
Speaker 22: their parents educating their kids.

2184
01:43:41,452 --> 01:43:42,333
Speaker 10: They know the kids has got that.

2185
01:43:42,372 --> 01:43:43,812
Speaker 22: Who can leave school in their seventy and soa wait,

2186
01:43:43,812 --> 01:43:45,412
Speaker 22: what do you do when leave school? It's about the

2187
01:43:45,572 --> 01:43:49,293
Speaker 22: parents to start teaching their kids. We're not going to

2188
01:43:49,572 --> 01:43:52,333
Speaker 22: get the sport from the government anymore, so it's up

2189
01:43:52,372 --> 01:43:54,253
Speaker 22: to the parents to do something.

2190
01:43:54,572 --> 01:43:58,372
Speaker 2: Yeah, fair enough, Pete, I would say, adding to what

2191
01:43:58,412 --> 01:44:01,133
Speaker 2: I was talking to Rachel about, the best time to

2192
01:44:01,173 --> 01:44:04,372
Speaker 2: be completely broken your life. A fantastic time to be

2193
01:44:04,933 --> 01:44:08,732
Speaker 2: broke is when you're eighteen in nineteen twenty. Yeah, that

2194
01:44:08,893 --> 01:44:11,133
Speaker 2: is when you want to be broke. Your body's in

2195
01:44:11,173 --> 01:44:14,253
Speaker 2: good condition. You can handle it. You can handle terrible

2196
01:44:14,333 --> 01:44:16,532
Speaker 2: cheap food. Yep, you can. You can handle it.

2197
01:44:16,692 --> 01:44:18,772
Speaker 3: You can go a couple of days without eating too much.

2198
01:44:18,812 --> 01:44:20,253
Speaker 3: If you just want to eat eggs for a week,

2199
01:44:20,333 --> 01:44:21,412
Speaker 3: absolutely you can do that.

2200
01:44:21,412 --> 01:44:23,333
Speaker 2: That's what I did. A terrible time to be broke

2201
01:44:23,652 --> 01:44:27,253
Speaker 2: is when you're in your sixties and seventies. That's the time.

2202
01:44:27,333 --> 01:44:29,772
Speaker 2: You don't want to be absolutely broke in your fifties,

2203
01:44:29,812 --> 01:44:31,213
Speaker 2: And you also don't want to be really broke when

2204
01:44:31,213 --> 01:44:32,173
Speaker 2: you've got cats.

2205
01:44:31,933 --> 01:44:34,892
Speaker 3: No or a mortgage, or responsibilities or bills.

2206
01:44:35,013 --> 01:44:38,452
Speaker 2: But when you're eighteen and nineteen and you've just left home.

2207
01:44:38,492 --> 01:44:41,133
Speaker 2: You are a resilient human being that can be can

2208
01:44:41,213 --> 01:44:44,013
Speaker 2: be brocass and you'll tell the stories with pride for

2209
01:44:44,053 --> 01:44:46,492
Speaker 2: the rest of your life of how broke you like

2210
01:44:46,572 --> 01:44:48,173
Speaker 2: living in a bank Voulta then a shit.

2211
01:44:48,333 --> 01:44:50,972
Speaker 3: Oh, one hundred and eighty ten eighty is the number

2212
01:44:51,013 --> 01:44:54,532
Speaker 3: to call where we're taking your thoughts on budget twenty

2213
01:44:54,692 --> 01:44:58,052
Speaker 3: twenty five, So really keen to get your thoughts. Scott's

2214
01:44:58,093 --> 01:45:00,492
Speaker 3: been hanging on the line for some time. Scott, thanks

2215
01:45:00,532 --> 01:45:01,093
Speaker 3: for hanging on.

2216
01:45:02,572 --> 01:45:07,452
Speaker 13: Yeah, no problem to my thoughts around the budget is

2217
01:45:08,372 --> 01:45:11,372
Speaker 13: on the best they can without ripping the guts out

2218
01:45:11,372 --> 01:45:14,293
Speaker 13: of everything and giving a few things that can make

2219
01:45:14,333 --> 01:45:16,772
Speaker 13: life a little bit easier for a few people and

2220
01:45:16,772 --> 01:45:20,492
Speaker 13: also for businesses, especially with that plant and stuff like that,

2221
01:45:20,133 --> 01:45:22,372
Speaker 13: that'll make a big difference to a lot of people.

2222
01:45:23,612 --> 01:45:27,452
Speaker 13: My thoughts around it would be what what are we

2223
01:45:27,572 --> 01:45:30,652
Speaker 13: doing to increase revenue? A gentleman a few times a

2224
01:45:30,732 --> 01:45:35,692
Speaker 13: few back raise this issue as well. Is they can't

2225
01:45:35,732 --> 01:45:39,173
Speaker 13: slash everything because obviously, well you know, we don't when

2226
01:45:39,173 --> 01:45:41,253
Speaker 13: we don't want to tax everyone either, because that's not

2227
01:45:41,293 --> 01:45:42,853
Speaker 13: going to help the economy.

2228
01:45:42,532 --> 01:45:43,492
Speaker 11: Doesn't help businesses.

2229
01:45:43,492 --> 01:45:46,372
Speaker 13: As what we're doing is playing the government not actually helping,

2230
01:45:46,732 --> 01:45:49,452
Speaker 13: you know, with small businesses or medium businesses by spending

2231
01:45:49,452 --> 01:45:52,972
Speaker 13: money in their workplaces. We need to look at how

2232
01:45:52,973 --> 01:45:54,732
Speaker 13: we're going to go about it. So like a budget,

2233
01:45:54,772 --> 01:46:01,772
Speaker 13: I'd like to see a national growth budget. If you

2234
01:46:01,933 --> 01:46:04,213
Speaker 13: like it, how are we going to grow? I'd like

2235
01:46:04,253 --> 01:46:06,372
Speaker 13: to see a day where the government come to the

2236
01:46:06,612 --> 01:46:08,293
Speaker 13: come to you all and say, hey, we're going to

2237
01:46:09,133 --> 01:46:10,932
Speaker 13: do this, this and this and this and that's going

2238
01:46:10,973 --> 01:46:14,132
Speaker 13: to generate this explos So for example, let's say.

2239
01:46:14,053 --> 01:46:14,972
Speaker 11: These are oil and gas.

2240
01:46:15,013 --> 01:46:17,692
Speaker 13: Now, Greens came out and said they wanted to increase

2241
01:46:17,853 --> 01:46:21,772
Speaker 13: I can't believe them saying this increase increase royalties on

2242
01:46:21,893 --> 01:46:24,892
Speaker 13: oil and gas expiration to four percent or whatever. It

2243
01:46:24,973 --> 01:46:29,173
Speaker 13: was like, Now, that's not a bad idea, and I

2244
01:46:29,253 --> 01:46:30,093
Speaker 13: believe I said that.

2245
01:46:30,452 --> 01:46:32,653
Speaker 9: But you have to give incentive.

2246
01:46:33,133 --> 01:46:34,812
Speaker 13: You have to give them. You have to give them

2247
01:46:34,812 --> 01:46:37,173
Speaker 13: something so you can get something, if you know what

2248
01:46:37,213 --> 01:46:39,133
Speaker 13: I mean. So you want to, you want to, you

2249
01:46:39,133 --> 01:46:41,093
Speaker 13: want to bring them into the country to dig it

2250
01:46:41,213 --> 01:46:44,532
Speaker 13: up and go hard whatever, So you give them. Let's

2251
01:46:44,572 --> 01:46:46,572
Speaker 13: say we go to ten percent royalties and I think

2252
01:46:46,612 --> 01:46:48,652
Speaker 13: Norway for examples fifteen.

2253
01:46:49,692 --> 01:46:53,253
Speaker 3: Oh, Scott, we've just lost year, but hopefully it'll come back.

2254
01:46:53,133 --> 01:46:53,892
Speaker 2: To you bet yeah.

2255
01:46:54,013 --> 01:46:54,173
Speaker 22: Yeah.

2256
01:46:54,492 --> 01:46:58,052
Speaker 2: What you're saying there is if they're going to increase

2257
01:46:58,093 --> 01:46:59,812
Speaker 2: the royalty, Scott, what you're saying is they have to

2258
01:46:59,812 --> 01:47:02,612
Speaker 2: have a runway. You have to and interesting that the

2259
01:47:02,652 --> 01:47:06,172
Speaker 2: Greens are putting that forward, but for that royalty to realize,

2260
01:47:06,213 --> 01:47:08,892
Speaker 2: you would have to be able to confirm who these

2261
01:47:09,253 --> 01:47:12,572
Speaker 2: people investing in that industry, that they can do it

2262
01:47:12,612 --> 01:47:16,452
Speaker 2: for ten, fifteen, twenty thirty years and actually make money,

2263
01:47:16,492 --> 01:47:18,133
Speaker 2: and then they will invest and then we can get

2264
01:47:18,173 --> 01:47:21,653
Speaker 2: the money back. Is that what you're saying, Scott, Yes, correct.

2265
01:47:21,452 --> 01:47:23,652
Speaker 13: Yes, So right now we get about one point five

2266
01:47:23,692 --> 01:47:27,213
Speaker 13: billion in revenue from royalties out of oil and gas,

2267
01:47:27,213 --> 01:47:30,092
Speaker 13: which of course is dropp dramatically because of what's happened

2268
01:47:30,253 --> 01:47:33,293
Speaker 13: in the last you know, let's say ten years are

2269
01:47:33,333 --> 01:47:36,092
Speaker 13: with these termits not being able to be unlocked. For example,

2270
01:47:36,293 --> 01:47:38,293
Speaker 13: Now if we raise that to four percent, you know,

2271
01:47:38,333 --> 01:47:40,572
Speaker 13: you're obviously doubling the money in the jazz blah blah blah.

2272
01:47:40,612 --> 01:47:42,213
Speaker 13: So we're going to generate more. But if you could

2273
01:47:42,253 --> 01:47:45,412
Speaker 13: turn that into tenfolds, right, because there's plenty to go

2274
01:47:45,532 --> 01:47:48,012
Speaker 13: look for, and there's plenty of coal. Then there's plenty

2275
01:47:48,013 --> 01:47:52,093
Speaker 13: of goals and whatnot. We can definitely turn ourselves around

2276
01:47:52,133 --> 01:47:55,052
Speaker 13: from one hion, one hundred and ninety billion dollars deficit.

2277
01:47:55,133 --> 01:47:56,932
Speaker 13: What's it blowing out to two hundred and.

2278
01:47:56,812 --> 01:48:00,333
Speaker 2: Forty Yeah, forty in the next four years.

2279
01:48:00,572 --> 01:48:00,772
Speaker 5: Yeah.

2280
01:48:00,772 --> 01:48:04,173
Speaker 13: We can't keep taxing ourselves to get there, and we

2281
01:48:04,213 --> 01:48:07,892
Speaker 13: can't keep cussing things either, because today's modern world requires

2282
01:48:07,933 --> 01:48:10,293
Speaker 13: a lot of the stuff that we have. And I

2283
01:48:10,333 --> 01:48:13,092
Speaker 13: don't want to see, you know, people going hard either.

2284
01:48:13,133 --> 01:48:15,372
Speaker 13: But you know, sometimes you have to think of a

2285
01:48:15,372 --> 01:48:18,812
Speaker 13: bit of hard love. But we need to find ways

2286
01:48:18,812 --> 01:48:21,293
Speaker 13: to generate it instead of saving it, you know, and

2287
01:48:21,333 --> 01:48:23,772
Speaker 13: pulling it from somewhere else to make the books look good.

2288
01:48:23,933 --> 01:48:26,293
Speaker 13: And I skid scares me whenever I hear can say

2289
01:48:26,293 --> 01:48:28,732
Speaker 13: we can borrow more. Dude, we got here because we

2290
01:48:28,812 --> 01:48:32,572
Speaker 13: borrowed more. Like don't whoever is the pr person for

2291
01:48:32,652 --> 01:48:35,053
Speaker 13: labor needs to probably say to them, don't use those words broke.

2292
01:48:35,893 --> 01:48:37,293
Speaker 4: Yeah, they're not good.

2293
01:48:37,572 --> 01:48:39,532
Speaker 13: They're not good. There's a lot of people who are

2294
01:48:39,612 --> 01:48:43,052
Speaker 13: hurting because of that. So I just want to hear

2295
01:48:43,293 --> 01:48:45,572
Speaker 13: how they're going to change our lives, how they're going

2296
01:48:45,612 --> 01:48:47,692
Speaker 13: to change this country. How are they going to go

2297
01:48:47,772 --> 01:48:50,492
Speaker 13: about getting their infrastructure. Don't tell me you're going to

2298
01:48:50,532 --> 01:48:53,013
Speaker 13: do it. Show me how you're going to do it.

2299
01:48:53,372 --> 01:48:55,253
Speaker 13: Who are you going to go see? How is it

2300
01:48:55,293 --> 01:48:59,333
Speaker 13: going to happen? We're Fall Lane road to Todoga from Auckland. Okay,

2301
01:48:59,452 --> 01:49:01,732
Speaker 13: When is it going to start? And who's investing in it?

2302
01:49:02,293 --> 01:49:04,053
Speaker 13: That's what I want to know. Is it going to

2303
01:49:04,053 --> 01:49:06,933
Speaker 13: be told? When's it start? I don't We're done with

2304
01:49:06,973 --> 01:49:12,012
Speaker 13: the spin, done with the media just attacking whichever party

2305
01:49:12,013 --> 01:49:14,692
Speaker 13: it is. I want to hear real things that are

2306
01:49:14,732 --> 01:49:17,932
Speaker 13: going to change New Zealanders' lives. I'm done with the rest.

2307
01:49:18,333 --> 01:49:21,213
Speaker 2: Right. What do you think? What about the investment boost

2308
01:49:21,293 --> 01:49:25,012
Speaker 2: is that? Are you excited about that? The depreciation changes?

2309
01:49:25,412 --> 01:49:26,532
Speaker 2: Do you think that'll lift grey?

2310
01:49:26,692 --> 01:49:30,812
Speaker 13: I think yes, I think it'll it'll do some. I

2311
01:49:30,812 --> 01:49:33,492
Speaker 13: don't know if it'll do enough, but we'll see. I

2312
01:49:33,532 --> 01:49:37,052
Speaker 13: guess proof being the putting one at for yeah, I'd

2313
01:49:37,133 --> 01:49:39,293
Speaker 13: like to see more of that side of things. And

2314
01:49:39,372 --> 01:49:40,973
Speaker 13: you know, the key we save at one percent. I

2315
01:49:41,013 --> 01:49:43,973
Speaker 13: don't think that's going to make much difference. It's not

2316
01:49:44,013 --> 01:49:46,452
Speaker 13: a bad thing to do it. It'll it'll it'll grow

2317
01:49:46,572 --> 01:49:50,812
Speaker 13: like that. Gentleman, said earlier brand I think it was

2318
01:49:50,853 --> 01:49:53,612
Speaker 13: a I think I think it was that makes a

2319
01:49:53,612 --> 01:49:55,772
Speaker 13: big difference over the lifespan of your policy.

2320
01:49:55,933 --> 01:49:59,253
Speaker 3: Yeah, and a percent over three years gives businesses time

2321
01:49:59,293 --> 01:50:01,973
Speaker 3: to adjust. Yep, Scott, thank you very much. Keen to

2322
01:50:01,973 --> 01:50:03,692
Speaker 3: get your views on our eight hundred and eighty ten

2323
01:50:03,732 --> 01:50:07,772
Speaker 3: eighty it is quartered a four.

2324
01:50:06,893 --> 01:50:08,052
Speaker 2: And cash injection.

2325
01:50:08,372 --> 01:50:11,412
Speaker 1: Who's getting what? On twenty five with Matt Heath and

2326
01:50:11,532 --> 01:50:13,053
Speaker 1: Tyler Adams News Talks that.

2327
01:50:13,133 --> 01:50:16,493
Speaker 3: Be good afternoon. Getting your thoughts on budget twenty twenty.

2328
01:50:16,213 --> 01:50:23,452
Speaker 2: Five, can I Andrew delay good to change? What's your thoughts?

2329
01:50:23,492 --> 01:50:25,932
Speaker 3: You want to talk about the changes to benefits?

2330
01:50:26,013 --> 01:50:28,732
Speaker 23: Yeah, yeah, I've been hanging around for a while, so

2331
01:50:28,853 --> 01:50:29,932
Speaker 23: it's a bit of a surprise.

2332
01:50:30,093 --> 01:50:33,173
Speaker 3: She's a popular hour, Andrew. But what what's you take

2333
01:50:33,213 --> 01:50:33,452
Speaker 3: on it?

2334
01:50:33,452 --> 01:50:34,253
Speaker 2: It's great to hear.

2335
01:50:34,812 --> 01:50:42,293
Speaker 23: In your popular shows. My thoughts have been replicated of

2336
01:50:42,532 --> 01:50:48,333
Speaker 23: huge time, so I'm not you know, you know, reinrogate

2337
01:50:48,412 --> 01:50:51,293
Speaker 23: the past. But I think there's a couple of callers

2338
01:50:51,293 --> 01:50:57,173
Speaker 23: that have talked about how to get New Zealand sort

2339
01:50:57,213 --> 01:51:05,812
Speaker 23: of in sort a phase where it's actually creating jobs

2340
01:51:05,333 --> 01:51:11,812
Speaker 23: apart from just you know, everything else. And I think

2341
01:51:11,612 --> 01:51:14,253
Speaker 23: that you know, when you're talk about exporting, I don't

2342
01:51:14,293 --> 01:51:19,053
Speaker 23: think that's the final solution on exporting. I hope. Well,

2343
01:51:19,093 --> 01:51:22,412
Speaker 23: I've got a lot of creative people here in New

2344
01:51:22,492 --> 01:51:29,213
Speaker 23: Zealand and yeah, and the businesses to get brought up

2345
01:51:29,253 --> 01:51:29,892
Speaker 23: and sold.

2346
01:51:30,853 --> 01:51:31,173
Speaker 2: Yeah.

2347
01:51:31,253 --> 01:51:33,213
Speaker 3: Yeah, a lot of people would agree with that, Andrew.

2348
01:51:33,213 --> 01:51:35,333
Speaker 3: But to your point about the benefits, that yet may

2349
01:51:36,093 --> 01:51:38,693
Speaker 3: cause some consternation and somehouseholds.

2350
01:51:38,732 --> 01:51:40,013
Speaker 2: But you think it's a fair thing to do.

2351
01:51:42,452 --> 01:51:47,972
Speaker 23: Oh, the benefits okay, so the benefits are.

2352
01:51:49,333 --> 01:51:49,972
Speaker 19: Let them go.

2353
01:51:53,173 --> 01:51:55,932
Speaker 3: Yep, all right, thank you, yeah, thank you very much,

2354
01:51:55,933 --> 01:51:57,572
Speaker 3: and good to get you on. Really appreciate it. Oh,

2355
01:51:57,612 --> 01:51:59,812
Speaker 3: eight hundred and eighty ten eighty is the number to call.

2356
01:51:59,853 --> 01:52:02,612
Speaker 3: There's a truckload of texts that have come through. We

2357
01:52:02,732 --> 01:52:04,213
Speaker 3: might try and get to a few of those.

2358
01:52:04,692 --> 01:52:06,452
Speaker 2: What a load of crap. I was not asked to

2359
01:52:06,492 --> 01:52:09,133
Speaker 2: be born. It's hard out there. Perhaps businesses should not

2360
01:52:09,213 --> 01:52:12,532
Speaker 2: be able to claim GST and interest extra money. I

2361
01:52:12,532 --> 01:52:14,932
Speaker 2: remember having that argument with my parents once when they

2362
01:52:14,973 --> 01:52:16,612
Speaker 2: were telling me off, and I said, I never asked

2363
01:52:16,612 --> 01:52:18,892
Speaker 2: to be born. To hell of an argument, doesn't I mean,

2364
01:52:18,893 --> 01:52:19,892
Speaker 2: there's the logic, is there?

2365
01:52:20,213 --> 01:52:20,452
Speaker 9: Yeah?

2366
01:52:20,732 --> 01:52:23,652
Speaker 2: But also life is good when you're a kid. Yeah,

2367
01:52:23,812 --> 01:52:25,652
Speaker 2: and my parents said, well, we never planned to have

2368
01:52:25,692 --> 01:52:28,692
Speaker 2: you either. That's good because a good answer.

2369
01:52:29,612 --> 01:52:31,732
Speaker 3: All right, well you're going to play some messages, but

2370
01:52:31,732 --> 01:52:33,772
Speaker 3: we're going to come back very shortly.

2371
01:52:33,812 --> 01:52:34,652
Speaker 2: It is tender for.

2372
01:52:36,293 --> 01:52:39,772
Speaker 1: The big stories, the big issues, the big trends and

2373
01:52:40,013 --> 01:52:43,852
Speaker 1: everything in between. Matt Heath and Tyler Adams afternoons used

2374
01:52:43,853 --> 01:52:45,932
Speaker 1: Talk SEDB News Talk SEDB.

2375
01:52:46,492 --> 01:52:49,132
Speaker 3: She sounds excited, doesn't she. That is coming up very shortly.

2376
01:52:49,173 --> 01:52:52,293
Speaker 3: But Carl, you want to have a chat about being

2377
01:52:52,293 --> 01:52:53,012
Speaker 3: on the benefit?

2378
01:52:54,293 --> 01:52:57,093
Speaker 24: Yeah, to the point. A bit of a dark side

2379
01:52:57,093 --> 01:52:59,892
Speaker 24: of my family. But when I was eighteen, I remember

2380
01:53:00,013 --> 01:53:01,692
Speaker 24: my parents telling me, you know, what are you doing?

2381
01:53:01,692 --> 01:53:04,492
Speaker 24: If you like mate, you're leaving school? You got anything

2382
01:53:04,492 --> 01:53:07,612
Speaker 24: lined up? I just had nothing lined up. Just go

2383
01:53:07,652 --> 01:53:10,572
Speaker 24: Stratton a doll, just on the doll, get paid by

2384
01:53:10,572 --> 01:53:16,533
Speaker 24: the government. And that's what That's what my parents there. Man,

2385
01:53:16,412 --> 01:53:18,772
Speaker 24: don't I'm happy to say it now because I've looked

2386
01:53:18,812 --> 01:53:21,213
Speaker 24: back and gone, how wrong was that message? You know,

2387
01:53:21,853 --> 01:53:24,772
Speaker 24: that's just not the not the right way. And I'll

2388
01:53:24,772 --> 01:53:27,492
Speaker 24: bet you there's a lot out there pretty similar. You know,

2389
01:53:27,532 --> 01:53:30,092
Speaker 24: it can't be can't be sure. But if that's the case,

2390
01:53:30,572 --> 01:53:32,492
Speaker 24: this is going to help a heap of that. I

2391
01:53:32,492 --> 01:53:36,012
Speaker 24: think it's silly. Yeah, it's pretty silly, you know. And

2392
01:53:36,013 --> 01:53:37,333
Speaker 24: and I did go on the doll and I was

2393
01:53:37,372 --> 01:53:40,932
Speaker 24: only for nine months, but I definitely knew you can't

2394
01:53:40,973 --> 01:53:45,212
Speaker 24: live on it, and I had an inkling that I'm.

2395
01:53:45,013 --> 01:53:45,492
Speaker 9: Better than that.

2396
01:53:46,013 --> 01:53:48,492
Speaker 24: And you just have to go through that process. If

2397
01:53:48,532 --> 01:53:52,652
Speaker 24: you're in that environment, it's hard to think out of it.

2398
01:53:52,652 --> 01:53:56,133
Speaker 24: It's not you know what I mean. So you really

2399
01:53:56,133 --> 01:53:58,093
Speaker 24: have to sort of figure it out yourself and just

2400
01:53:58,133 --> 01:54:00,973
Speaker 24: get some life experience. And thankfully I did. But I

2401
01:54:01,093 --> 01:54:02,652
Speaker 24: just had a good attitude. And I think that's the

2402
01:54:02,652 --> 01:54:03,372
Speaker 24: biggest part too.

2403
01:54:03,572 --> 01:54:04,013
Speaker 16: You got it.

2404
01:54:04,053 --> 01:54:06,732
Speaker 24: You can't just look at that as the system is

2405
01:54:06,732 --> 01:54:09,133
Speaker 24: going to get through. It's just not designed for that.

2406
01:54:10,093 --> 01:54:11,652
Speaker 2: Yeah, very well, said Carl.

2407
01:54:11,732 --> 01:54:14,732
Speaker 3: Yeah, and look, let's changed my thinking on that particular policy,

2408
01:54:14,772 --> 01:54:18,053
Speaker 3: because Carl's quite right that if there are families out

2409
01:54:18,053 --> 01:54:20,333
Speaker 3: there that just see us as an easy option you

2410
01:54:20,372 --> 01:54:22,892
Speaker 3: don't know what to do, just go on the benefit,

2411
01:54:22,933 --> 01:54:24,452
Speaker 3: then there is the wrong way of thinking.

2412
01:54:24,612 --> 01:54:27,492
Speaker 2: Absolutely. Well, thank you so much with your great New

2413
01:54:27,532 --> 01:54:29,372
Speaker 2: Zealanders for listening to the show. We had a great time.

2414
01:54:29,412 --> 01:54:31,692
Speaker 2: Hope you did the Mattila Afnows podcast will be out

2415
01:54:31,692 --> 01:54:33,253
Speaker 2: in about an hour. If you missed any of our

2416
01:54:33,253 --> 01:54:35,693
Speaker 2: excellent chats on how to save our CBDs and an

2417
01:54:35,733 --> 01:54:39,453
Speaker 2: in depth budget analysis from Brad Olsen and Jason Walls.

2418
01:54:39,893 --> 01:54:43,052
Speaker 2: That was a great chat, so jump on our podcast

2419
01:54:43,093 --> 01:54:45,213
Speaker 2: where you get your pods. The Great Heather Duplea c

2420
01:54:45,293 --> 01:54:48,772
Speaker 2: Ellen coming up next Live to you from Wellington with

2421
01:54:48,853 --> 01:54:51,333
Speaker 2: Nichola Willis, and we're going to finish with a song

2422
01:54:51,373 --> 01:54:55,052
Speaker 2: from Kiwi band Voom, the new album Something Good is Happening.

2423
01:54:55,533 --> 01:54:57,293
Speaker 2: I got the album on the weekend. It was fantastic.

2424
01:54:57,293 --> 01:54:58,852
Speaker 2: I got it on vinyl, so I'm playing a song

2425
01:54:58,893 --> 01:55:01,213
Speaker 2: to finish the show. And a great band boom Ah.

2426
01:55:01,293 --> 01:55:03,533
Speaker 2: They're my favorite New Zealand band, so I'm playing a

2427
01:55:03,573 --> 01:55:07,493
Speaker 2: track off the album every day this week to celebrate them.

2428
01:55:07,733 --> 01:55:10,613
Speaker 2: All right, thanks so much for listening to you all

2429
01:55:10,613 --> 01:55:12,733
Speaker 2: Tomorrow I have I Until then, where if you are,

2430
01:55:12,812 --> 01:55:17,733
Speaker 2: what are you doing this afternoon? Give him a taste

2431
01:55:17,733 --> 01:55:18,773
Speaker 2: of keywee.

2432
01:55:20,853 --> 01:55:21,133
Speaker 9: Sure?

2433
01:55:34,733 --> 01:55:46,573
Speaker 4: And every time then look at kill An every time.

2434
01:55:47,053 --> 01:55:48,693
Speaker 4: Let see.

2435
01:55:50,973 --> 01:56:04,413
Speaker 1: Last look.

2436
01:56:25,293 --> 01:56:26,413
Speaker 15: Madam tailand.

2437
01:56:27,613 --> 01:56:30,213
Speaker 1: For more from News Talks at b Listen live on

2438
01:56:30,333 --> 01:56:33,293
Speaker 1: air or online and keep our shows with you Wherever

2439
01:56:33,333 --> 01:56:35,853
Speaker 1: you go with our podcasts on iHeartRadio,