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Speaker 1: It's nineteen to six. This is going to be fun.

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Speaker 2: The huddle with New Zealand Southerby's International Realty, local and

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Speaker 2: global exposure like no other.

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Speaker 1: David farre Kiev bog And Courier Polster and Mike Munroe,

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Speaker 1: former chief of Staff and Sinder are on my huddle today. Hello, gentlemen.

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Speaker 3: Oh good Andrew, how are you?

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Speaker 1: I'm very well. Now let's start with the supermarkets. How

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Speaker 1: far should the government go to encourage a third supermarket

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Speaker 1: operator in New Zealand? They brought out doing a Kiwi shop?

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Speaker 1: Thank god? Who would like to start theirst?

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Speaker 4: Mike, Well, look, we've had an awful lot of jaw

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Speaker 4: boning about this, Andrew for a long time now, and

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Speaker 4: we don't seem to be any closer to resolving the

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Speaker 4: issue of outrageous prices at the checkout. Nikola Willis today

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Speaker 4: talked about giving VIP treatment to a new entrant. Well,

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Speaker 4: she had better sort live up to those words, because

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Speaker 4: when you talk about VIP treatment, you're talking about the

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Speaker 4: preferential treatment or special treatment. So rather than just open

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Speaker 4: the door, as she said today, she's asked, you've got

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Speaker 4: to put some plan on the table, Otherwise it's just

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Speaker 4: more brave talk and more more vague promises.

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Speaker 1: Well, here's the thing, David Farrer, if another player came in,

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Speaker 1: it's an enormous investment, a billion dollars just to make

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Speaker 1: a supply chain. And we had Tex Edwards on before

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Speaker 1: from Monopoly and he said monopoly. Watched today say and

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Speaker 1: he said they'd have to open at least one hundred

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Speaker 1: and forty stores to be competitive. So you know it's

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Speaker 1: a big ask.

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Speaker 3: Yeah. Look, there's a useful rule that was come up

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Speaker 3: in nineteen seventy six called the rule of three or

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Speaker 3: four market to work, you need at least three competitors,

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Speaker 3: and the smallest has to be at least a quarter

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Speaker 3: the size of the biggest. So a new competer needs

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Speaker 3: to be at least ten or fifteen percent of the market,

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Speaker 3: but will make a huge difference. We don't have good competition.

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Speaker 3: A huge supermarket chain will make a messi of difference.

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Speaker 3: And what Nicholas said is rather than the government say

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Speaker 3: we think this is what will improve competition, she's saying

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Speaker 3: there's a limit number of companies who could do this.

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Speaker 3: Come tell me what it would take for you to

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Speaker 3: invest here, and I'll see if I can make it happen.

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Speaker 3: So I think that's fine because any company that's interested

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Speaker 3: can come and say this is what we want. It

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Speaker 3: won't be stuff just for that company. It will be

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Speaker 3: stuff that then any company that wants to come here

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Speaker 3: can But lot when not you have a problem that

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Speaker 3: we're shutting out a fourth or fifth competitor. If we

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Speaker 3: can even go third, I think that would be amazing.

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Speaker 1: You know, you talk about an incentive there, how about

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Speaker 1: a corporate taxt pack break or maybe you'll know some

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Speaker 1: tax incentives and I know that topics not being discussed

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Speaker 1: at all that the New Zealand Economic Forum, which is

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Speaker 1: underway right now.

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Speaker 3: David, No, No. Once you start doing different tax rates

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Speaker 3: for favored companies as we like giving dst at emsines,

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Speaker 3: you're going to end up a nice well how regulat

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Speaker 3: tree changes, Yes, different text talkey, all.

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Speaker 1: Right, I got to go. But how about a favorite

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Speaker 1: tax break for everybody? But anywhere here we go? Well,

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Speaker 1: we've got the big ones coming up. Third party compulsory

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Speaker 1: insurance in car in car insurance tagatay Ferris's apology and

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Speaker 1: the peace talks between Russia and Ukraine.

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Speaker 2: On the huddle, the huddle with New Zealand Southeby's International

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Speaker 2: Realty elevate the marketing of your home.

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Speaker 1: Data far Mike Munro it is now thirteen to six. Okay,

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Speaker 1: car insurance is going through the roof because cars are

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Speaker 1: more complex. But then we ended up talking about third

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Speaker 1: party insurance and whether it should be compulsory. What do

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Speaker 1: you think make.

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Speaker 4: Yeah, well, it's not clear really how effective compulsory third

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Speaker 4: party insurance would be, and this conversation is being sort

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Speaker 4: of going around around circles for some time. Insurance companies,

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Speaker 4: organizations like insurance companies and the AA in particular. Have

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Speaker 4: you always had concerns about third party insurance for a

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Speaker 4: number of reasons, the number one being that it's not

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Speaker 4: clear how skin would actually operate or how it would

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Speaker 4: actually be effectively enforced. It's you know, as possible that

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Speaker 4: insurance companies will spread the increased cost of providing cove

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Speaker 4: to to the sort of at risk or hor risk

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Speaker 4: individuals across all policy holders, so so so of you know,

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Speaker 4: people like you and I end up paying a lot

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Speaker 4: more on our on our car insurance. And it's also

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Speaker 4: you know, just talk about changing driver behavior. It's not

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Speaker 4: clear whether a compulsory scheme will change driver behavior, would remind.

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Speaker 1: Remind people that the car is a privilege and not

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Speaker 1: necessarily a right. David. In Singapore, you cannot drive a

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Speaker 1: car off the lot until you provide insurance documentation. We

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Speaker 1: like to be like Singapore.

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Speaker 3: Well no, actually Singapore does many good things, but they're

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Speaker 3: not really known for their love of civil liberties or freedom.

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Speaker 3: And without making it sound like a dramatic case, I

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Speaker 3: don't think there is a case for compulsion here. Look,

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Speaker 3: we've had homeowners who haven't ensured their homes and lost

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Speaker 3: millions of dollars in christ Church, et cetera. People get

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Speaker 3: to make their own decisions about insurance. And there's Mike

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Speaker 3: alluded to. You make something compulsory, it will go up

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Speaker 3: the moment. It's a captive market and everyone has to

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Speaker 3: do this. You're not going to end up with cheaper insurance.

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Speaker 3: So no, and against.

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Speaker 1: Okay, now, Mari mp Takatai Parris had to make an apology.

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Speaker 1: He did it later, like when nobody was there, and

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Speaker 1: then he decided to do it completely in Maori and

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Speaker 1: this incense Shane Jones.

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Speaker 3: And unwillingness to offer an apology in English shows contempt

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Speaker 3: for the vast majority of the New Zealand members of

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Speaker 3: the public who.

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Speaker 2: Pay his salary.

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Speaker 1: I sort have made him seem insincere. Mike Munroe, what.

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Speaker 4: Do you think, Yeah, I think I think Shane Jones

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Speaker 4: is on the money here. Actually, he also pointed out

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Speaker 4: that you know, Dre Mari is an official language and

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Speaker 4: the member is fully entitled to get up and there

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Speaker 4: are simultaneous translation services, et cetera, et cetera. But look,

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Speaker 4: you know this is a really important issue. When a

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Speaker 4: member makes an allegation of other members lying and it

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Speaker 4: goes through the processes and he has to apologize to

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Speaker 4: the Parliament, the apology really should be done in both languages.

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Speaker 4: And I think that that Jones is right that there's

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Speaker 4: a bit of a swagger about this, and the memo

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Speaker 4: was showing a contempt you know, for Parliament and also

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Speaker 4: to all News Islanders.

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Speaker 1: Yeah, here's the thing. He was speaking in parliament today

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Speaker 1: and he spoke in Mali and then he provided an

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Speaker 1: English translation, so he can do it what he wants to,

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Speaker 1: but not when he's doing an apology.

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Speaker 4: What do you think, David, Yeah, Well, that's the point

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Speaker 4: I think that Jones was making.

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Speaker 3: What do you think it should have been in both languages. Also,

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Speaker 3: he apologized for the wrong thing, which adds to then sincerity.

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Speaker 3: He got found and contempt for having misled parliament, not

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Speaker 3: for having called the MP's lives He denied it, call

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Speaker 3: them liars. And he's the first MP in our history

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Speaker 3: to be found to have parliament. And he didn't actually

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Speaker 3: apologize for that, he just said I'm sorry if anyone

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Speaker 3: was offended by my original remarks. So the whole apology

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Speaker 3: is really pushing the boundaries of whether it qualifies what

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Speaker 3: the privileges can may he should do.

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Speaker 1: Yeah, I thought it was clever dickery. So there we go,

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Speaker 1: and to the big story for the world, the possibility

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Speaker 1: of peace between Russia and Ukraine as broken by Donald

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Speaker 1: Trump and Vadimir Putin. What do you give these peace

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Speaker 1: talks to, Chance, Mike.

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Speaker 4: Well coming from these two individuals, I'd say very poor Chance.

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Speaker 4: You know, Trump's romance with Putin is deeply worrying. They

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Speaker 4: both vindictive, dishonest, pretty ugly individuals. I mean, even Winston

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Speaker 4: Peter's day was damping down expectations of anything coming of this.

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Speaker 4: It's going to you know, this is the suggestion that

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Speaker 4: they can somebody get around the table and get this

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Speaker 4: matter sorded quickly. Is going to cause you know, shutders

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Speaker 4: right through Europe as starf was, Kaiev and the Ukraine,

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Speaker 4: because you just don't know what Trump would be prepared

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Speaker 4: to accept from person in terms of concessions. So look, yeah,

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Speaker 4: as I say, because that's such dishonest and undesirable people

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Speaker 4: that I just think we should we should not get

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Speaker 4: our hopes up. And I just don't see this making

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Speaker 4: any concrete progress.

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Speaker 1: That is actually very fair, Mike, because the concessions he's

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Speaker 1: already made is that Ukraine does not join NATO and

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Speaker 1: that the US doesn't join in enforcing a seas first

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Speaker 1: So what are you reckon about the whole thing? David?

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Speaker 3: There will be peace this year, but it will be

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Speaker 3: through a surrender. Trump has effectively thrown Ukraine to Russia

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Speaker 3: because as you see, you're all out NATO. He heeds

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Speaker 3: not saying there could be any return to twenty and

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Speaker 3: fourteen borders, and he's cutting off funding to Ukraine. So

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Speaker 3: Pewtin doesn't have to conceive much. I'll say, lot, we'll

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Speaker 3: give back twenty percent of the land. We now want

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Speaker 3: cap high, which is still a lot more than that.

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Speaker 3: Ukraine will have no choice but to go along. So

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Speaker 3: there will be peace this year, but will be effectively

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Speaker 3: a reward for Pwton. He gets to hold Ukraine and

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Speaker 3: mark my words, Moldova will be next, possibly Georgia after that,

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Speaker 3: because he's been rewarded for his invasion.

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Speaker 1: A true point, it's a reward. And even if it

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Speaker 1: was peace, because he's already got the rewards, could he

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Speaker 1: actually do it again? It's Munich nineteen thirty eight all

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Speaker 1: over again, gentlemen, I thank you for your time today.

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