1 00:00:00,080 --> 00:00:02,680 Speaker 1: Thomas Coglan, the Herald's political editors with us Thomas. 2 00:00:02,360 --> 00:00:04,520 Speaker 2: Hallow here the good afternoon, right, So. 3 00:00:04,519 --> 00:00:06,600 Speaker 1: What stern words did Nichola have for Neil? 4 00:00:07,200 --> 00:00:12,200 Speaker 2: Well, Yes, so we're back into day two, month three. 5 00:00:12,320 --> 00:00:15,640 Speaker 2: I think of the scrap over a y Adrian Or 6 00:00:15,920 --> 00:00:20,800 Speaker 2: resigned from the Reserve Bank. The bank came under serious 7 00:00:20,840 --> 00:00:23,360 Speaker 2: criticism for the fact that's taken months to get these 8 00:00:23,440 --> 00:00:27,400 Speaker 2: official papers out explaining the reason for the resignation. Nicola Willis, 9 00:00:27,400 --> 00:00:30,400 Speaker 2: the Finance Minister, criticized that this morning, saying that she'd 10 00:00:30,400 --> 00:00:33,559 Speaker 2: spoken to the Bank's chairperson, Neil Quigley, and expressed my 11 00:00:33,680 --> 00:00:36,479 Speaker 2: view that the bank did not manage that official information 12 00:00:36,920 --> 00:00:40,200 Speaker 2: request well and I expect them to do better, which 13 00:00:40,280 --> 00:00:43,360 Speaker 2: was swiftly followed by a statement from Quigley himself which 14 00:00:43,400 --> 00:00:47,199 Speaker 2: acknowledged that quote. The bank was later producing a response 15 00:00:47,240 --> 00:00:50,000 Speaker 2: to some of the oas we received on Adrianaw's resignation. 16 00:00:50,120 --> 00:00:54,840 Speaker 2: I regret that this delay occurred end quote. So an 17 00:00:54,880 --> 00:00:57,280 Speaker 2: interesting war of words there between the Finance Minister and 18 00:00:57,880 --> 00:00:59,960 Speaker 2: the Reserve Bank today, which you don't often. 19 00:01:00,440 --> 00:01:02,960 Speaker 1: Why is this what they're talking about, Thomas? Why why 20 00:01:03,000 --> 00:01:06,120 Speaker 1: are they focusing on the delays? In the OYA response, 21 00:01:06,160 --> 00:01:08,280 Speaker 1: when clearly the bigger problem is that the chair of 22 00:01:08,319 --> 00:01:11,560 Speaker 1: the Reserve Bank has told multiple FIBs about this. 23 00:01:12,520 --> 00:01:16,120 Speaker 2: Yes, you are right, it does rather look like a distraction, 24 00:01:16,200 --> 00:01:18,480 Speaker 2: and we don't really have we don't really have anything 25 00:01:18,520 --> 00:01:21,720 Speaker 2: firm from the government about whether whether they buy that 26 00:01:21,840 --> 00:01:27,240 Speaker 2: explanation around the fact that this was originally quickly said 27 00:01:27,240 --> 00:01:30,080 Speaker 2: that this was a personal decision to resign. Of course, 28 00:01:30,520 --> 00:01:33,720 Speaker 2: all decisions to resign are, to a certain extent, personal decisions, 29 00:01:34,400 --> 00:01:36,400 Speaker 2: and obviously one of many. 30 00:01:36,760 --> 00:01:39,479 Speaker 1: Thomas one of many FIBs. Anyway, carry on. 31 00:01:39,640 --> 00:01:42,279 Speaker 2: But as we discovered yesterday, it was actually a probably 32 00:01:42,520 --> 00:01:46,080 Speaker 2: better characterized I would personally, I think the more accurate 33 00:01:46,120 --> 00:01:49,080 Speaker 2: way of describing it would be a professional disagreement over 34 00:01:49,120 --> 00:01:51,400 Speaker 2: the level of funding the bank was receiving, which you know, 35 00:01:51,560 --> 00:01:54,640 Speaker 2: I mean, that's a perfectly fine reason to quit. Yeah, 36 00:01:54,720 --> 00:01:56,000 Speaker 2: people quit over money all the time. 37 00:01:56,440 --> 00:02:00,840 Speaker 1: I just think, I think of the sins taking your time, 38 00:02:00,920 --> 00:02:03,360 Speaker 1: and I mean, I don't love it, but dawdling on 39 00:02:03,440 --> 00:02:07,080 Speaker 1: the OIA response is the least of the sins here. Anyway, 40 00:02:07,160 --> 00:02:09,080 Speaker 1: We'll talk to Nicola about it when she's with us 41 00:02:09,120 --> 00:02:11,760 Speaker 1: on Monday. Talk to me about this poll. We've got 42 00:02:11,840 --> 00:02:14,440 Speaker 1: two poles now in the last couple of weeks week 43 00:02:14,480 --> 00:02:18,840 Speaker 1: in a bit that have put our Labor ahead of National. Now, granted, Thomas, 44 00:02:18,919 --> 00:02:22,040 Speaker 1: it's tight, but National should be worried about this, shouldn't they? 45 00:02:23,240 --> 00:02:26,519 Speaker 2: Yes, I mean usin No. Obviously, it's never good to 46 00:02:26,600 --> 00:02:31,720 Speaker 2: be behind your main opposition opposition during any part of 47 00:02:31,720 --> 00:02:34,960 Speaker 2: the parliamentary term you're in government. Obviously Labor was behind 48 00:02:35,040 --> 00:02:38,600 Speaker 2: National for a bit in the twenty twenty seventeen twenty 49 00:02:38,680 --> 00:02:41,280 Speaker 2: twenty term, and a bit like this, this Taxpayer's Union 50 00:02:41,320 --> 00:02:43,600 Speaker 2: poll shows that the right block would still be in government. 51 00:02:44,280 --> 00:02:46,359 Speaker 2: It's just that National is behind Labor. But obviously with 52 00:02:46,400 --> 00:02:50,919 Speaker 2: those support parties, the National lead government would would still 53 00:02:50,960 --> 00:02:54,960 Speaker 2: be in government. I actually would counter that and think, 54 00:02:55,280 --> 00:02:57,200 Speaker 2: you know, that was a pretty tough budget. They rolled 55 00:02:57,200 --> 00:03:01,239 Speaker 2: out that the pay equity stuff was pretty controvert and 56 00:03:01,360 --> 00:03:03,720 Speaker 2: the key we saver changes. You know New Zealanders love 57 00:03:03,760 --> 00:03:06,080 Speaker 2: their key we savers and the government ready took an 58 00:03:06,200 --> 00:03:08,399 Speaker 2: X to the key we saver subsidies. So I would 59 00:03:08,400 --> 00:03:10,200 Speaker 2: think that if if you could get away with that 60 00:03:10,360 --> 00:03:13,400 Speaker 2: level of cut and only lose a few points in 61 00:03:13,440 --> 00:03:16,359 Speaker 2: the polls, I mean, National fell about a point in 62 00:03:16,440 --> 00:03:18,960 Speaker 2: this Taxpayers Union poll today it's on thirty three point five. 63 00:03:19,000 --> 00:03:21,200 Speaker 2: It was on thirty four point six last month. That 64 00:03:21,440 --> 00:03:25,280 Speaker 2: isn't actually that bad a slump considering the level of 65 00:03:25,320 --> 00:03:28,320 Speaker 2: political pain they could have been up for given the 66 00:03:28,400 --> 00:03:29,519 Speaker 2: amount of cutting in the budget. 67 00:03:29,800 --> 00:03:32,120 Speaker 1: This is true, but they were not popular even before that, 68 00:03:32,240 --> 00:03:33,600 Speaker 1: and should they not be worried about that? 69 00:03:34,360 --> 00:03:37,960 Speaker 2: Yes, I mean you it is, I mean every part 70 00:03:38,000 --> 00:03:39,760 Speaker 2: of political party at the moment all that both the 71 00:03:39,840 --> 00:03:43,600 Speaker 2: major parties are relatively unpopular. Yes, it's incredible that you know, 72 00:03:43,760 --> 00:03:46,440 Speaker 2: we've been I've got the numbers in front of me, 73 00:03:46,600 --> 00:03:48,480 Speaker 2: and National's polling has had a three in front of 74 00:03:48,520 --> 00:03:51,200 Speaker 2: it for month, month, one month. I mean, I think 75 00:03:51,240 --> 00:03:53,920 Speaker 2: they've only once in January twenty four they cracked the 76 00:03:54,000 --> 00:03:57,120 Speaker 2: forty percent threshold, which is basically where the Key government lived. 77 00:03:57,320 --> 00:03:58,480 Speaker 2: They lived above forty percent. 78 00:03:58,560 --> 00:03:59,840 Speaker 1: So right, and it's such a good point that you, 79 00:04:00,120 --> 00:04:02,320 Speaker 1: Thomas listen, thank you as always, really appreciate your input. 80 00:04:02,720 --> 00:04:06,000 Speaker 1: Thomas Cogland, the Herald's political editor. 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