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Speaker 1: So Nichola Willis has huffed and she has puffed, and

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Speaker 1: will she blow the bank's house down? That is the

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Speaker 1: big question. Tris Shurson Shurson Willis pr is with us

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Speaker 1: this evening. Good evening, good evening. I've seen you and

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Speaker 1: Joc Beganni's here CEO of child Fun Curderer, good to

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Speaker 1: see you too. Tell me has she done enough? Trish?

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Speaker 1: Do you think in an accepting all fourteen recommendations from

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Speaker 1: the Commerce Commission and beefing up Key bankcase she done

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Speaker 1: enough to put them on notice.

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Speaker 2: I don't think there were any surprises in today's announcement.

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Speaker 2: All of this has been relatively well signaled, and in fact,

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Speaker 2: if I cast my mind back to when the Commics

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Speaker 2: Commission made its recommendations with its final report back in August,

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Speaker 2: pretty sure even all of the major banks accepted all

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Speaker 2: of those recommendations. You know. Part of the new news

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Speaker 2: today is around this beefing up of Kibank, although that

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Speaker 2: was already well signaled, the fact it would need a

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Speaker 2: capital injection, and then this longer term thought about potentially

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Speaker 2: an IPO down the track. The point, I think is

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Speaker 2: an interesting one. Here is the difference between a challenger

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Speaker 2: and a disruptor. So yes, Kiwi Bank might be a challenger.

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Speaker 2: So it's a traditional style bank that's going to be

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Speaker 2: beefed up. It's doing well, it's taking significant market share

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Speaker 2: at the moment, particularly in the home loan and business areas.

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Speaker 2: But what you've seen from markets like the UK is

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Speaker 2: where true disruptors have come into banking. That's like your

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Speaker 2: Monzo's that are absolutely pure digital banks. They don't have

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Speaker 2: branches or any of that sort of physical bricks and

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Speaker 2: water infrastructure, so they can keep fees down. This year

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Speaker 2: we've had a New Zealand startup called Doosh apply to

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Speaker 2: be a registered bank, first application in twenty years. They

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Speaker 2: want to do just that, they would be online only

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Speaker 2: had another another operator apply to be a registered bank

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Speaker 2: just this week again the first ones in twenty years.

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Speaker 2: So I think that's actually a good signal.

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Speaker 1: So the real challenge might come not from keep me Bank,

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Speaker 1: but from actually these newbies.

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Speaker 3: What do you reckon, Josie, Yeah, I think this is

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Speaker 3: a really good sign because if you think back to

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Speaker 3: that trash remember of years ago ATM companies, new ATM

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Speaker 3: disruptors were trying to get into the market and the

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Speaker 3: big banks would go they we just wouldn't let them

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Speaker 3: have access to the platform, right, and so here what

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Speaker 3: they've done. The governments accepted all of the Commics Commission's recommendations,

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Speaker 3: one of which is to loosen the definition of bank,

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Speaker 3: so that would kind of allow the disruptors to come in.

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Speaker 3: The other is, you know, to give access to that

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Speaker 3: payment platform. So at the moment when you do your

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Speaker 3: tap and pay that's a new piece of technology with

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Speaker 3: our phones, you're paying two percent of that, you know,

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Speaker 3: straight to Visa and MasterCards. So they're fleecing us. They're

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Speaker 3: fleecing the retail sector actually in New Zealand. So I

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Speaker 3: think breaking up you know, the monopolies or the duopolies

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Speaker 3: or the whatever monopolies and allowing competition to come in

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Speaker 3: is a huge thing. You think of those sectors that

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Speaker 3: don't have competitions, parking, supermarkets, they're the ones that are

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Speaker 3: charging us so much money.

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Speaker 1: That thinks that the banks themselves, and I suppose they

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Speaker 1: have a self interest here, but they argue that they

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Speaker 1: do have competition and the market and when you compare

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Speaker 1: us to countries around the world on a per capita basis,

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Speaker 1: et cetera, it's actually not all bad here.

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Speaker 2: Also, let's remember that we have not had a banking

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Speaker 2: failure in New Zealand. So yes we can say we

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Speaker 2: want things to be better, but we are a small

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Speaker 2: market at the bottom of the world. And look at

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Speaker 2: the big markets where there has been huge competition. The

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Speaker 2: US government has had to bail out, make significant bailouts

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Speaker 2: because of banking failures as recently as two years ago.

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Speaker 1: But take I'm not don't want to cut your topike.

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Speaker 2: That's exactly That's exactly it.

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Speaker 1: All right, it is eighteen away from six News TALKSB.

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Speaker 1: We're back with the huddle in just a second. Welcome back.

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Speaker 1: It has just gone record it to six News TALKSB

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Speaker 1: and the Huddle is with me this evening. Trishuson, Huston,

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Speaker 1: will us PR and Jose Bigani's CEO of Child Fun.

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Speaker 1: Welcome back team. So we've got poles galore today, We've

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Speaker 1: got the one News pole coming out in about half

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Speaker 1: an hour, well shortly, and we will hear from Nikola

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Speaker 1: Willis on that just after six. But also today we

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Speaker 1: had the taxpayer Union Curier poll which had National and

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Speaker 1: Labor both down four point six points, which is a

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Speaker 1: big drop Act up four point five to thirteen, Josie,

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Speaker 1: is this Seemour's strategy working.

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Speaker 3: I think it is, and it's also to Party Marty's

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Speaker 3: strategy working.

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Speaker 2: Right.

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Speaker 3: So for the smaller parties, their strategy is always to

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Speaker 3: bring out the voters on the fringes. They're not going

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Speaker 3: for your middle road, middle of the road voters, you

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Speaker 3: CenTra central voters. So yes, it's succeeding. You know, you

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Speaker 3: have you have strong opinions to Party Marty. You call

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Speaker 3: everybody a white supremacist and whatever genocide KKK and act.

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Speaker 3: You're going right, We're going to everybody's going to be equal,

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Speaker 3: and we're going to ignore the distinct privileges that were

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Speaker 3: given to Mary under the treaty as they would see it. Right,

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Speaker 3: So you bring out, you bring out your base. The

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Speaker 3: big losers in this are both National and Labor for

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Speaker 3: different reasons, right, So I would say for National they're

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Speaker 3: failing at the moment. I think they've got a plan,

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Speaker 3: they're just not communicating it. They're not bringing the country

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Speaker 3: with them. And the Hikoy would have been a perfect

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Speaker 3: example where you would expect a prime minister to step

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Speaker 3: up and unify the country and go. Disagreement is different

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Speaker 3: to disunity. I encourage disagreement. We can disagree and we

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Speaker 3: will unify after this and we will have this debate

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Speaker 3: at a vacuum. Labor is different again, right, Labor. I

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Speaker 3: think they're failing that they're looking like the government and

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Speaker 3: opposition with Labor to Party Marti, the Greens. That's a

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Speaker 3: problem for them because it looks messy.

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Speaker 1: Yeah, Trish, is this in part because of Luxean's strengthening

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Speaker 1: is rhetoric and his language around the Treaty Principle's bill.

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Speaker 1: These are national voters saying screw you, I'm going to act.

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Speaker 2: Yeah, that's right. I'm not surprised to see that movement

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Speaker 2: off to act around the Treaty Principle bill. But the

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Speaker 2: part of this poll that I'm actually really interested in

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Speaker 2: is what are the issues that Kiwi's care about, because

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Speaker 2: this is what politicians need to keep their focus on.

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Speaker 2: What are the issues they care about and how has

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Speaker 2: that moved since last year? So last year was cost

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Speaker 2: of living number one and Laura and Order number two,

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Speaker 2: and they kept switching in and out. In this poll,

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Speaker 2: you've got the economy at number one, and then you

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Speaker 2: have got the cost of living at number two and

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Speaker 2: then you've got health in at number three. Now this

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Speaker 2: is really important for ACT and for National because there

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Speaker 2: are a lot of ACT voters who actually go, you've

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Speaker 2: spent enough time on the treaty and you're missing out

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Speaker 2: now when the economy is so critical, and ACT should

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Speaker 2: be really important in that debate. For National also, there

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Speaker 2: are a lot of voters who feel like next year

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Speaker 2: is going to be even tougher, like we're not going

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Speaker 2: to we're not making huge gains. And I think National

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Speaker 2: has to be careful that it's rhetoric on the economy,

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Speaker 2: just telling us over and over that inflation's down and

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Speaker 2: interest rates are under control. So this is what I

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Speaker 2: heard recently. It was Nicole Willis said, so businesses can

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Speaker 2: they're ready to start employing and things. Businesses don't have

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Speaker 2: that in reserve. And I think what the government has

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Speaker 2: to do is temper it's rhetoric on the economy to

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Speaker 2: meet where business is actually at. Next year for them

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Speaker 2: is going to be very tough on the economy as

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Speaker 2: a numbers Yet worse.

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Speaker 3: Labor needs to stop talking about or stop being the

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Speaker 3: political party of the public sector, because that's also not

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Speaker 3: being that many support either. So you're right, pick the

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Speaker 3: things that voters say are the things. And I think

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Speaker 3: for most voters, even you know, they're basically supportive of

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Speaker 3: the treaty and the treaty process. They don't think we

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Speaker 3: should be having this massive kind of race debate. It

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Speaker 3: doesn't feel like it's something that New Zealanders want to

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Speaker 3: have and it's not coming up in what are people

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Speaker 3: most concerned about. We're not concerned that we have a

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Speaker 3: major race problem in this country.

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Speaker 1: Yeah, let's talk. It's interesting, isn't it, Because they have

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Speaker 1: almost declared victory on their economy, the National Party, and

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Speaker 1: it's just not going down too well with business and excel.

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Speaker 2: And to your point in your editorial, don't forget how

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Speaker 2: governments have been punished by voters who feel they're going

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Speaker 2: back totally.

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Speaker 1: And remember it wasn't that long ago that just Cinda

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Speaker 1: a Dune on a morning TV breakfast show said no,

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Speaker 1: it's not a cost of living crisis. And in fact,

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Speaker 1: today Auckland businesses this is on k road. I love

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Speaker 1: this story. Well, I don't love it because it's bad,

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Speaker 1: but Auckland Transport has been forced to take down ads

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Speaker 1: they encourage people to bust to the mall. This is

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Speaker 1: for Christmas to do their their shopping and small businesses

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Speaker 1: are upset with this. The poster said, jingle bells, jingle bells,

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Speaker 1: jingle to the mall. Oh what fun it is to

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Speaker 1: ride with no parking queues at all. So very clever,

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Speaker 1: But but to the mall has upset your K Road retailers,

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Speaker 1: your smaller businesses who are missing out on the action.

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Speaker 2: Fair enough, well before we even get to the utter

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Speaker 2: stupidity of the campaign itself. Two words I never want

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Speaker 2: to hear at Christmas a bus and more so so

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Speaker 2: you have lost me. That doesn't seem like a stress

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Speaker 2: reliever for me personally. Well, there's two things. One is,

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Speaker 2: if you're running a campaign like this, it feels far

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Speaker 2: too late in the game. We're at the ninth of

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Speaker 2: December already. Two, I absolutely get for businesses on K Road, Pontsmbe,

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Speaker 2: Central Auckland, you name it, where these streets have been

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Speaker 2: ripped up, closed down road coned, you would be absolutely

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Speaker 2: outraged that AT is sending your customers off to the mall.

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Speaker 3: Isn't it a good thing that AT is actually going

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Speaker 3: to come under the council perview from now on because

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Speaker 3: the other thing is I feel like this is at

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Speaker 3: what point you're going to run Auckland rather than running

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Speaker 3: Auckland families to do what AT wants. Why doesn't AT

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Speaker 3: run the Auckland Transport to do what families want, which

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Speaker 3: is to get around and how many peop.

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Speaker 1: That's an awesome point, as I say, not as.

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Speaker 3: I do like either take that you know, this is

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Speaker 3: the whole thing that oh you know, cycle to hospital,

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Speaker 3: to have your baby, go on the bus, to do

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Speaker 3: your take your kids to sports on the bus, and

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Speaker 3: now do your goddamn Christmas shopping on the bus as well.

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Speaker 1: Because that's the other thing I mean asign from the moor,

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Speaker 1: how did you get your stuff home on a bus? Yeah?

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Speaker 1: And you're buying.

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Speaker 2: I mean unless it's a particular center sackers, particularly like

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Speaker 2: this year only he only.

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Speaker 1: Does gift is now sorry kids, because no, it's ridiculous.

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Speaker 1: And also on the Auckland transport thing, yes we're sort

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Speaker 1: of emasculating allcand transport, but we're giving the power for

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Speaker 1: cycle ways, for raised pedestrian crossings, for speed limits, all

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Speaker 1: of these things triggering us right, I'm sorry where they're

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Speaker 1: going local boards well, there's far left of Auckland Transport.

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Speaker 1: It's a local board.

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Speaker 2: And having lived in a small part of Auckland where

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Speaker 2: they made a cycle lane, that were like trying to

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Speaker 2: play that old roller ball game, you know, where you

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Speaker 2: have the ball that goes around the tiny wooden thing.

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Speaker 2: It was all over the show. I've never seen anything

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Speaker 2: more ridiculous. I feel as nervous about the council getting

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Speaker 2: in control of this as I have about at all.

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Speaker 1: Right, guys, thank you very much for coming in great

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Speaker 1: huddle Josey Beganey and Tris Shuson. It is seven away

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Speaker 1: from six News TALKSB. For more from Heather Duplessy Allen Drive,

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