1 00:00:00,040 --> 00:00:03,400 Speaker 1: Here's a question for you. Is our summer holiday too long? 2 00:00:03,760 --> 00:00:05,840 Speaker 1: Are we going to the beach and staying away from 3 00:00:05,840 --> 00:00:08,200 Speaker 1: the office for too long? There's a chap called Toss 4 00:00:08,240 --> 00:00:10,240 Speaker 1: Grumley who thinks so. He's written a column about it. 5 00:00:10,280 --> 00:00:13,440 Speaker 1: He's a young mover and shaker, business advisor, director investor 6 00:00:13,440 --> 00:00:16,360 Speaker 1: in multiple New Zealand entities. Here reckons that our summer 7 00:00:16,400 --> 00:00:18,400 Speaker 1: breaks are so long now that we're pretty much winding 8 00:00:18,440 --> 00:00:21,239 Speaker 1: down from November and then we're only sparking up again 9 00:00:21,320 --> 00:00:23,959 Speaker 1: in February, which means that we're taking about ten weeks 10 00:00:23,960 --> 00:00:26,520 Speaker 1: of productive conversations out of the business calendar, and it's 11 00:00:26,560 --> 00:00:29,760 Speaker 1: hurting our productivity. And we have no retail spending in 12 00:00:29,840 --> 00:00:32,760 Speaker 1: January rarely to speak of. And businesses have poor cash 13 00:00:32,800 --> 00:00:34,360 Speaker 1: flow at the start of the year when they come 14 00:00:34,360 --> 00:00:35,960 Speaker 1: to have a look at it in April May, because 15 00:00:36,159 --> 00:00:40,080 Speaker 1: they are taking excessively long shutdown periods. Now, I think 16 00:00:40,120 --> 00:00:42,479 Speaker 1: Toss has got a point here. We do this. This 17 00:00:42,560 --> 00:00:45,199 Speaker 1: is why you'll see the Reserve Bank leaves the economy 18 00:00:45,240 --> 00:00:47,879 Speaker 1: basically in the park for two months until they come 19 00:00:47,920 --> 00:00:52,040 Speaker 1: back in February. But then again, I don't want this 20 00:00:52,159 --> 00:00:55,560 Speaker 1: to change, do you. I would rather work flat out 21 00:00:55,600 --> 00:00:57,520 Speaker 1: for eleven months a year and then take a nice 22 00:00:57,560 --> 00:01:00,520 Speaker 1: long break over summer than work all year round an 23 00:01:00,520 --> 00:01:03,720 Speaker 1: even pace. I think this is just human nature, because 24 00:01:03,720 --> 00:01:06,360 Speaker 1: summer is for enjoying. Summer is for spending with your kids. 25 00:01:06,440 --> 00:01:09,000 Speaker 1: It's for going out there, having a swim, getting out 26 00:01:09,000 --> 00:01:10,960 Speaker 1: in the sun, doing all the things that make life 27 00:01:10,959 --> 00:01:14,360 Speaker 1: worth living, seeing your family, all the good stuff. Plenty 28 00:01:14,400 --> 00:01:16,559 Speaker 1: of countries do this too, We're not the only ones. 29 00:01:17,160 --> 00:01:19,920 Speaker 1: Try getting anything done in Europe in the month of 30 00:01:19,920 --> 00:01:22,000 Speaker 1: August and you are out of luck this year. The 31 00:01:22,000 --> 00:01:24,000 Speaker 1: Bank of England, just for just by way of an example, 32 00:01:24,000 --> 00:01:25,920 Speaker 1: you go look at any central bank Bank of England 33 00:01:25,959 --> 00:01:27,800 Speaker 1: will not make a single decision for the entire month 34 00:01:27,840 --> 00:01:30,000 Speaker 1: of August, and then also for the first two weeks 35 00:01:30,000 --> 00:01:32,560 Speaker 1: of September. Now, maybe Toss has a point that the 36 00:01:32,560 --> 00:01:36,320 Speaker 1: summer is getting too long. Maybe we should be powering 37 00:01:36,360 --> 00:01:39,840 Speaker 1: ourselves right up until Christmas, then stopping and then coming 38 00:01:39,880 --> 00:01:42,640 Speaker 1: back after maybe four or five weeks and getting stuck 39 00:01:42,640 --> 00:01:44,640 Speaker 1: into it again at the start of February, rather than 40 00:01:44,680 --> 00:01:46,800 Speaker 1: taking ten weeks off with our brains. Fair enough, But 41 00:01:46,880 --> 00:01:49,880 Speaker 1: can I just say this, I urge caution here. We 42 00:01:49,920 --> 00:01:52,960 Speaker 1: have a really great work life balance in this country. 43 00:01:53,480 --> 00:01:56,880 Speaker 1: We understand that life is for living, not just for working. 44 00:01:57,480 --> 00:02:00,720 Speaker 1: We have a joy about our lives. Don't throw that 45 00:02:00,760 --> 00:02:04,760 Speaker 1: away too easily. For more from Hither Duplessy Allen Drive, 46 00:02:04,920 --> 00:02:08,240 Speaker 1: listen live to news talks it'd be from four pm weekdays, 47 00:02:08,440 --> 00:02:10,640 Speaker 1: or follow the podcast on iHeartRadio.