1 00:00:00,080 --> 00:00:00,720 Speaker 1: The Prime ministers. 2 00:00:00,880 --> 00:00:03,720 Speaker 2: It's good to see you come into your studio to 3 00:00:03,760 --> 00:00:05,720 Speaker 2: have our regular conversation with Yes. 4 00:00:05,559 --> 00:00:09,320 Speaker 1: No worries I've got. It's always as thrill to have 5 00:00:09,360 --> 00:00:09,680 Speaker 1: you here. 6 00:00:10,520 --> 00:00:11,920 Speaker 2: Have you got a letter to all the listeners? He 7 00:00:12,039 --> 00:00:15,200 Speaker 2: just said that with so much insincerity. 8 00:00:15,320 --> 00:00:18,000 Speaker 1: Have you got a letter from Trump yet? On what 9 00:00:18,079 --> 00:00:20,960 Speaker 1: looks to be an increasing number over ten percent on terrace? 10 00:00:21,200 --> 00:00:23,079 Speaker 2: No, we haven't, No, we haven't. I mean, actually, I 11 00:00:23,079 --> 00:00:25,279 Speaker 2: think we're in good position. I think we've managed it 12 00:00:25,360 --> 00:00:28,159 Speaker 2: as well as can be expected. There's no doubt about it. 13 00:00:28,200 --> 00:00:30,360 Speaker 2: The whole situation has caused a lot of chaos in 14 00:00:30,400 --> 00:00:33,280 Speaker 2: the global economy because it's created a lot of uncertainty 15 00:00:33,320 --> 00:00:36,960 Speaker 2: and that's never good for business and for economics. But 16 00:00:37,080 --> 00:00:40,839 Speaker 2: having said that, our ten percents, you know, we're no 17 00:00:40,920 --> 00:00:42,760 Speaker 2: less off than any other country. It's the lowest rate 18 00:00:42,760 --> 00:00:45,680 Speaker 2: we can get. And more importantly, Mike, I spend quite 19 00:00:45,720 --> 00:00:47,760 Speaker 2: a lot of time with our exporters into the US, 20 00:00:48,200 --> 00:00:51,120 Speaker 2: whether it's been zespri on Kiwi fruit, the red meat guys. 21 00:00:52,680 --> 00:00:54,280 Speaker 2: We do a little bit of dairy there, we do 22 00:00:54,320 --> 00:00:56,360 Speaker 2: a lot of wine in there, and they're actually going 23 00:00:56,400 --> 00:00:56,840 Speaker 2: really great. 24 00:00:57,000 --> 00:00:59,440 Speaker 1: Okay. The reason I ask is you said the letters 25 00:00:59,480 --> 00:01:01,920 Speaker 1: to the small countries will go out any day now 26 00:01:02,040 --> 00:01:05,560 Speaker 1: and it's above ten. If it's above ten, do we 27 00:01:05,640 --> 00:01:07,240 Speaker 1: do anything about it. 28 00:01:07,319 --> 00:01:09,800 Speaker 2: We want to make sure we're no worse off than 29 00:01:09,840 --> 00:01:12,040 Speaker 2: any other country as our starting point. And when we've 30 00:01:12,080 --> 00:01:15,080 Speaker 2: spoken with you know, their trade commissioner, the trade secretary 31 00:01:15,080 --> 00:01:17,839 Speaker 2: over there, you know, Todd mcclay's had really good dialogue 32 00:01:17,840 --> 00:01:20,440 Speaker 2: with them, and the view has been they've got other 33 00:01:20,440 --> 00:01:23,720 Speaker 2: bigger fish to fry. And for us, yep, we don't 34 00:01:23,800 --> 00:01:25,360 Speaker 2: like tariffs. Yes, we don't think it's good for the 35 00:01:25,400 --> 00:01:27,959 Speaker 2: global economy, as evidenced by what we've seen in April 36 00:01:28,000 --> 00:01:31,680 Speaker 2: May around the world. But actually for us, we're navigating 37 00:01:31,680 --> 00:01:32,479 Speaker 2: it pretty well. 38 00:01:32,640 --> 00:01:35,120 Speaker 1: Okay, So you've cut into the public service and yet 39 00:01:35,160 --> 00:01:37,400 Speaker 1: I read a rung A Tameriki is spending two million 40 00:01:37,440 --> 00:01:40,520 Speaker 1: dollars a year plus on communication stuff. How is this possible? 41 00:01:40,720 --> 00:01:42,920 Speaker 2: Yep? Funny you say that or someone raised that with 42 00:01:42,920 --> 00:01:46,679 Speaker 2: me at all? No, no, No, What I mean is 43 00:01:46,959 --> 00:01:49,080 Speaker 2: there are there's an awful lot of comms people in 44 00:01:49,120 --> 00:01:51,880 Speaker 2: the government service and we've been trying to get you say, 45 00:01:52,040 --> 00:01:53,880 Speaker 2: get rid of the back office, make sure you put 46 00:01:53,920 --> 00:01:55,800 Speaker 2: the resources in the front line. We've done that job, 47 00:01:55,840 --> 00:01:58,440 Speaker 2: I think, not perfectly. But actually there's been a lot 48 00:01:58,480 --> 00:01:59,840 Speaker 2: of that that's happened. You know. You think about the 49 00:01:59,840 --> 00:02:02,200 Speaker 2: twenty three billion last year, the twenty one billion this 50 00:02:02,280 --> 00:02:05,400 Speaker 2: year of redeployment of resources to the front line. 51 00:02:05,440 --> 00:02:06,760 Speaker 1: But why don't you just sack them? 52 00:02:07,120 --> 00:02:10,359 Speaker 2: Well, I mean, we're putting the pressure back on CEOs 53 00:02:10,360 --> 00:02:12,600 Speaker 2: to say, you've got these goals to deliver for us 54 00:02:12,600 --> 00:02:15,760 Speaker 2: as a government. How you organize your resourcess some to you, 55 00:02:15,800 --> 00:02:17,359 Speaker 2: but we're going to hold you accountable for. 56 00:02:17,400 --> 00:02:20,160 Speaker 1: So as of March, they've employed two media advisers, they've 57 00:02:20,200 --> 00:02:23,560 Speaker 1: got two communications advisors, they've got two senior media advisors, 58 00:02:23,600 --> 00:02:26,519 Speaker 1: six senior communications advised as a chief media advisor and 59 00:02:26,560 --> 00:02:28,960 Speaker 1: a manager of organizational communications. Do you know what any 60 00:02:29,000 --> 00:02:29,760 Speaker 1: of that means? No? 61 00:02:29,800 --> 00:02:31,440 Speaker 2: I don't, And that sounds like a complete and I 62 00:02:31,560 --> 00:02:33,160 Speaker 2: so not where we want those reasons. 63 00:02:32,960 --> 00:02:34,239 Speaker 1: But you're in charge of them. And this is o 64 00:02:34,360 --> 00:02:36,120 Speaker 1: rang of Tamariki, who couldn't get out of their own 65 00:02:36,120 --> 00:02:37,320 Speaker 1: way if their life depended on it. 66 00:02:37,360 --> 00:02:40,240 Speaker 2: And I hear it. It's a classic of what we 67 00:02:40,280 --> 00:02:41,200 Speaker 2: don't want seeing happen. 68 00:02:41,520 --> 00:02:44,000 Speaker 1: No, that is true. I also read while I'm on holiday. 69 00:02:44,480 --> 00:02:46,320 Speaker 1: More than half of your two hundred and fifty seven 70 00:02:46,320 --> 00:02:49,000 Speaker 1: million dollar loan book for the Provincial Growth Fund is 71 00:02:49,120 --> 00:02:51,880 Speaker 1: at risk of impairmental default. Are you worried about that? 72 00:02:52,160 --> 00:02:54,760 Speaker 2: Well, again, I mean we've got obviously, Shan James has 73 00:02:54,800 --> 00:02:57,160 Speaker 2: got a one point two billion dollar regional infrastructure fund. 74 00:02:57,240 --> 00:02:59,840 Speaker 2: There's some really good examples where those investments are making it. 75 00:03:00,160 --> 00:03:03,400 Speaker 2: It's those regional communities. There are some that are challenged 76 00:03:03,639 --> 00:03:05,840 Speaker 2: for sure, but you know, we take it on a 77 00:03:05,840 --> 00:03:06,560 Speaker 2: case by case base. 78 00:03:06,720 --> 00:03:08,720 Speaker 1: But was that just free lolly handed out under a 79 00:03:08,720 --> 00:03:11,080 Speaker 1: different administration to anyone who had their handout, and all 80 00:03:11,080 --> 00:03:13,040 Speaker 1: of a sudden we look at the case and we go, oh, whoops, 81 00:03:13,040 --> 00:03:13,760 Speaker 1: they might default? 82 00:03:13,960 --> 00:03:16,160 Speaker 2: Well, I think, and all I can't talk to the past. 83 00:03:16,200 --> 00:03:17,640 Speaker 2: What I can talk to about is the deal that 84 00:03:17,680 --> 00:03:19,760 Speaker 2: we have now, which is to make sure we're doing 85 00:03:20,120 --> 00:03:24,399 Speaker 2: largely capital investment, which is you know what's important where 86 00:03:24,440 --> 00:03:27,960 Speaker 2: those where those organizations or businesses need actually some capital injection. 87 00:03:28,720 --> 00:03:30,720 Speaker 2: That's what Shane's been focused on with this version of 88 00:03:30,720 --> 00:03:31,600 Speaker 2: the Regional Infrastructure. 89 00:03:31,880 --> 00:03:34,880 Speaker 1: The fact that fifty four percent, though a look risky, 90 00:03:35,200 --> 00:03:35,920 Speaker 1: doesn't bother you. 91 00:03:36,400 --> 00:03:39,920 Speaker 2: Well, it was obviously a concern, but we expect him 92 00:03:39,960 --> 00:03:42,840 Speaker 2: to be making sure that actually those businesses are actually 93 00:03:42,840 --> 00:03:44,680 Speaker 2: getting on top of it and not just and actually 94 00:03:44,720 --> 00:03:46,960 Speaker 2: building better businesses as a result of that capital injection. 95 00:03:47,120 --> 00:03:49,640 Speaker 1: I also read while I'm on holiday that L and G. 96 00:03:49,760 --> 00:03:51,320 Speaker 1: You remember the promise you made on L and G 97 00:03:51,400 --> 00:03:52,920 Speaker 1: I think was Simming and Brown made on L and 98 00:03:53,000 --> 00:03:55,280 Speaker 1: G that when we had the crisis last year on power, 99 00:03:55,320 --> 00:03:57,240 Speaker 1: that would get some L and G into the country. 100 00:03:57,360 --> 00:03:59,280 Speaker 1: So at last we've got the report on that turns 101 00:03:59,280 --> 00:04:02,680 Speaker 1: out to be too expo did he well, a little 102 00:04:02,720 --> 00:04:03,960 Speaker 1: bit quicker than he might have. 103 00:04:04,320 --> 00:04:06,720 Speaker 2: Well, I mean the thing on electricity is that the 104 00:04:06,720 --> 00:04:09,200 Speaker 2: biggest thing we've done is actually get a strategic coal 105 00:04:09,240 --> 00:04:10,000 Speaker 2: reserve and there at the. 106 00:04:09,960 --> 00:04:12,560 Speaker 1: Back round and I get all that. But you see 107 00:04:12,600 --> 00:04:14,440 Speaker 1: that ALI and G was an answer. It turns out 108 00:04:14,560 --> 00:04:14,920 Speaker 1: it isn't. 109 00:04:15,120 --> 00:04:18,720 Speaker 2: Yeah, well, something we're still considering, still exploring. Yeah, no, 110 00:04:18,760 --> 00:04:22,279 Speaker 2: because actually, in terms of continuity, if push comes to 111 00:04:22,279 --> 00:04:25,280 Speaker 2: shove and we've actually you know, not been able to 112 00:04:25,320 --> 00:04:26,760 Speaker 2: liver the ultracy in the way we want to, we 113 00:04:26,760 --> 00:04:30,200 Speaker 2: want to have all avenues open as possible. But you're right, gas, 114 00:04:30,600 --> 00:04:33,479 Speaker 2: you know, aling importation is actually probably the more expensive form, 115 00:04:33,800 --> 00:04:36,800 Speaker 2: and that's why it comes back to coal. And rather uniquely, 116 00:04:36,839 --> 00:04:39,160 Speaker 2: this is a country that's decided to make the transition 117 00:04:39,279 --> 00:04:43,000 Speaker 2: from domestic gas to important coal, which is insane precisely 118 00:04:43,040 --> 00:04:45,799 Speaker 2: because we killed all in gas in ce A. 119 00:04:45,800 --> 00:04:47,720 Speaker 1: Are you actually going to this report that came or 120 00:04:47,800 --> 00:04:50,640 Speaker 1: got made public yesterday, Are you going to do anything 121 00:04:50,640 --> 00:04:51,000 Speaker 1: about it? 122 00:04:51,040 --> 00:04:53,680 Speaker 2: We are you are when in the next few months, 123 00:04:53,920 --> 00:04:56,799 Speaker 2: are you going to blow it up? Everything's on the table, 124 00:04:57,320 --> 00:05:00,279 Speaker 2: because genuinely, there's nothing more important th getting o kids 125 00:05:00,320 --> 00:05:03,840 Speaker 2: well educated. I speak to a lot of parents, teachers, principles. 126 00:05:04,000 --> 00:05:08,760 Speaker 2: They have really serious concerns about NCAA and the danger 127 00:05:08,760 --> 00:05:11,000 Speaker 2: as you can go through an exercise where you reassured 128 00:05:11,000 --> 00:05:14,359 Speaker 2: that you're getting well educated because you're getting different getting 129 00:05:14,360 --> 00:05:16,520 Speaker 2: through the NCAA system. But the thing for me and 130 00:05:16,560 --> 00:05:18,440 Speaker 2: for the parents and teachers that I run into is, 131 00:05:18,520 --> 00:05:21,800 Speaker 2: are our kids at fifteen sixteen as well educated as 132 00:05:21,839 --> 00:05:24,599 Speaker 2: their counterparts in Australia or Canada or Ireland or something 133 00:05:24,640 --> 00:05:26,760 Speaker 2: else we went to. We can't. There's got to be 134 00:05:26,800 --> 00:05:31,320 Speaker 2: globally comparable. And secondarity, are we actually teaching them the 135 00:05:31,400 --> 00:05:34,159 Speaker 2: basics and giving them a core educational program that actually 136 00:05:34,160 --> 00:05:36,760 Speaker 2: sets them up. Weal for working life, and you know, 137 00:05:37,120 --> 00:05:39,160 Speaker 2: there is a heap of high paying jobs out there 138 00:05:39,160 --> 00:05:41,119 Speaker 2: in the world, and the biggest thing that will impact 139 00:05:41,160 --> 00:05:43,680 Speaker 2: the New Zealand economy is actually our ability for our 140 00:05:43,760 --> 00:05:46,760 Speaker 2: talent through education to be able to access those high 141 00:05:46,760 --> 00:05:48,720 Speaker 2: paid jobs. How are we going to build a four 142 00:05:48,800 --> 00:05:51,120 Speaker 2: lane freeway from Auckland to funger A if we don't 143 00:05:51,120 --> 00:05:53,719 Speaker 2: actually have kids who can do maths and some reading. 144 00:05:54,040 --> 00:05:55,720 Speaker 2: And that's We've got some real challenges though. 145 00:05:55,760 --> 00:05:59,440 Speaker 1: Okay, so it will be announced this year, yes, will 146 00:05:59,440 --> 00:06:03,120 Speaker 1: it be changed next year, In years into the future, 147 00:06:03,240 --> 00:06:03,839 Speaker 1: it'll be. 148 00:06:04,320 --> 00:06:06,480 Speaker 2: I'll let I mean in fairness, Eric is saying, look, 149 00:06:06,480 --> 00:06:09,240 Speaker 2: there's a real problem, and I fully agree her and 150 00:06:09,279 --> 00:06:12,320 Speaker 2: I've talked about this even in opposition. We've worked our 151 00:06:12,360 --> 00:06:15,200 Speaker 2: way through, initially around the primary and intermediate age with 152 00:06:15,240 --> 00:06:18,320 Speaker 2: the structured literacy, structure, mathematics, you know, and all that stuff. 153 00:06:18,600 --> 00:06:20,120 Speaker 2: Now we want to take on the NCAA and the 154 00:06:20,120 --> 00:06:24,159 Speaker 2: secondary school piece, and so we where everything's on the 155 00:06:24,160 --> 00:06:26,400 Speaker 2: table because we want a high quality qualification. 156 00:06:26,480 --> 00:06:30,120 Speaker 1: But is it profound The change that's coming could well 157 00:06:30,160 --> 00:06:31,440 Speaker 1: be yep, okay, yep. 158 00:06:32,120 --> 00:06:35,120 Speaker 2: The I'm not I'm not, I'm not limiting that conversation right, 159 00:06:35,160 --> 00:06:38,440 Speaker 2: because actually it is really important that when we lift 160 00:06:38,440 --> 00:06:40,680 Speaker 2: this lit up and we say it's not working and 161 00:06:40,720 --> 00:06:42,960 Speaker 2: it's not not what delivering for us, we've got to 162 00:06:43,000 --> 00:06:45,520 Speaker 2: be able to be prepared to look at everything first principles. 163 00:06:45,800 --> 00:06:48,200 Speaker 1: Is John Key right the interest rates to one hundred 164 00:06:48,200 --> 00:06:50,640 Speaker 1: basis points too high? Well, he's a former. 165 00:06:50,440 --> 00:06:52,840 Speaker 2: Prome minister can go out there and comment as he wishes. 166 00:06:53,600 --> 00:06:56,600 Speaker 2: I sadly, as current Prime minister, I can't because, as 167 00:06:56,640 --> 00:06:58,960 Speaker 2: you know, the independence of the Reserve Bank. All I 168 00:06:59,000 --> 00:07:01,200 Speaker 2: can do is control the that I can control, which 169 00:07:01,240 --> 00:07:03,480 Speaker 2: is the fiscal side of things. The Reserve Bank controls 170 00:07:03,520 --> 00:07:06,840 Speaker 2: the monetary policy, but that means making sure the spending 171 00:07:06,880 --> 00:07:08,960 Speaker 2: is appropriate, that we're doing everything we can to get 172 00:07:08,960 --> 00:07:11,680 Speaker 2: inflation down. So the conditions are right for interest. 173 00:07:11,680 --> 00:07:13,680 Speaker 1: But here's your problem. If they're right today and it's 174 00:07:13,720 --> 00:07:16,440 Speaker 1: two point nine, that's close enough to three in the 175 00:07:16,480 --> 00:07:19,080 Speaker 1: band to be a problem, the RB will come back 176 00:07:19,640 --> 00:07:21,800 Speaker 1: already did a week ago, and they'll probably do it 177 00:07:21,840 --> 00:07:24,440 Speaker 1: next month and go yeah, No, broadly speaking, things are okay. 178 00:07:24,560 --> 00:07:26,920 Speaker 1: It's in the band. We're not doing anything. Meantime, the 179 00:07:26,920 --> 00:07:29,640 Speaker 1: rest of New Zealand screaming at you because you're the boss. 180 00:07:29,880 --> 00:07:32,200 Speaker 1: You're going the economy is not right, Well, now I 181 00:07:32,280 --> 00:07:35,240 Speaker 1: need something better. It becomes your problem, whether it. 182 00:07:35,240 --> 00:07:37,400 Speaker 2: Is I'm not following or not. And I'm working really 183 00:07:37,400 --> 00:07:39,000 Speaker 2: hard in the eighty months to try and fix an 184 00:07:39,040 --> 00:07:40,920 Speaker 2: economy that's been through three years of a recession. 185 00:07:41,000 --> 00:07:43,400 Speaker 1: Yeah, but the bits I can't fix though. I mean, 186 00:07:43,440 --> 00:07:46,600 Speaker 1: if your insurance is up twenty percent and your counsel's 187 00:07:46,640 --> 00:07:49,360 Speaker 1: up nineteen percent, there's nothing you can do about that 188 00:07:49,400 --> 00:07:51,360 Speaker 1: apart from jaw bone it, which you have been doing, 189 00:07:51,400 --> 00:07:52,960 Speaker 1: but it doesn't to what effect. 190 00:07:53,080 --> 00:07:55,040 Speaker 2: Yeah, but I think you know what I can do 191 00:07:55,240 --> 00:07:57,840 Speaker 2: is I can make sure that government spending isn't contributing 192 00:07:57,840 --> 00:08:01,280 Speaker 2: to rising domestic inflation right there. Year they'll be imported, 193 00:08:01,360 --> 00:08:03,960 Speaker 2: but personally, you know, we want to see inflation will 194 00:08:03,960 --> 00:08:05,760 Speaker 2: bounce around. There's no doubt about it. It's got to 195 00:08:05,800 --> 00:08:08,000 Speaker 2: be within the one to three percent band. It can't 196 00:08:08,000 --> 00:08:09,720 Speaker 2: be at seven and a half where it was under 197 00:08:09,800 --> 00:08:13,000 Speaker 2: labor And as a result US prawling the inflation down 198 00:08:13,040 --> 00:08:15,480 Speaker 2: has actually led to two point twenty five bases points 199 00:08:15,480 --> 00:08:18,000 Speaker 2: coming out of the interest rates. And just to give 200 00:08:18,000 --> 00:08:19,320 Speaker 2: you a feel for it, I think there's something like 201 00:08:19,360 --> 00:08:21,800 Speaker 2: fifty billion dollars worth of mortgage money that's about to 202 00:08:21,800 --> 00:08:22,400 Speaker 2: cycle through it. 203 00:08:23,560 --> 00:08:25,600 Speaker 1: But I'm not arguing with you. What I'm saying is, yeah, 204 00:08:26,280 --> 00:08:28,520 Speaker 1: my mortgage is down, Praise the Lord. But hang on, 205 00:08:28,560 --> 00:08:31,360 Speaker 1: there's my insurance bill and there's my rates. I'm no 206 00:08:31,440 --> 00:08:31,880 Speaker 1: better off. 207 00:08:32,160 --> 00:08:34,640 Speaker 2: Well. I think that the challenges are for New Zealanders 208 00:08:34,720 --> 00:08:36,640 Speaker 2: right now still doing it tough, is that you've had 209 00:08:36,880 --> 00:08:39,400 Speaker 2: three years of really high levels of inflation and prices 210 00:08:39,400 --> 00:08:43,439 Speaker 2: are high. The good news as wages are increasing faster 211 00:08:43,440 --> 00:08:45,360 Speaker 2: than inflation under our government, which is a good thing. 212 00:08:45,400 --> 00:08:46,600 Speaker 2: We want to continue to expeend a. 213 00:08:46,600 --> 00:08:48,720 Speaker 1: Lot of inflations. At two point nine percent, it won't. 214 00:08:48,480 --> 00:08:50,640 Speaker 2: Be well, but so far that's been the case that 215 00:08:50,640 --> 00:08:52,400 Speaker 2: there hasn't been the case in the previous period of 216 00:08:52,400 --> 00:08:55,320 Speaker 2: time under previous government. But you're right, I mean people 217 00:08:55,320 --> 00:08:57,320 Speaker 2: are still dealing tough with rates, which is a challenge. 218 00:08:57,320 --> 00:08:59,080 Speaker 2: That is why we want to do about rates caps. Ultimately, 219 00:08:59,360 --> 00:09:01,680 Speaker 2: we've got to be able to talk about food prices. 220 00:09:02,120 --> 00:09:03,560 Speaker 2: As you know, Nicholas doing some good work. 221 00:09:05,960 --> 00:09:08,120 Speaker 1: You're getting me upset of now because she's off to 222 00:09:08,200 --> 00:09:11,480 Speaker 1: fon Tierra this week to meet who Miles and what 223 00:09:11,559 --> 00:09:13,520 Speaker 1: you're going to talk to Miles about. Talk about the 224 00:09:13,520 --> 00:09:15,480 Speaker 1: price of butter. I can tell you why the price 225 00:09:15,480 --> 00:09:16,920 Speaker 1: of butter is the price of butter. And I don't 226 00:09:16,920 --> 00:09:18,679 Speaker 1: know why we have a finance MINISTERY doesn't know how 227 00:09:18,720 --> 00:09:22,520 Speaker 1: butters we get the international price for butter. We should 228 00:09:22,520 --> 00:09:23,120 Speaker 1: celebrate this. 229 00:09:23,559 --> 00:09:25,679 Speaker 2: Correct, So let me just speak. First of all, Fonterra 230 00:09:25,679 --> 00:09:29,000 Speaker 2: requested the meeting. She's she says, that's how well she'll 231 00:09:29,040 --> 00:09:31,120 Speaker 2: talk to them about. Also a supermarket review because she 232 00:09:31,120 --> 00:09:33,560 Speaker 2: wants to talk to major supplies around what's going on there. 233 00:09:33,800 --> 00:09:36,800 Speaker 2: She's also acknowledged you know that the reality is dairy 234 00:09:36,800 --> 00:09:39,640 Speaker 2: prices are determined globally. As you know, the benefit of 235 00:09:39,679 --> 00:09:42,840 Speaker 2: farming at the moment on fire and doing really well 236 00:09:42,960 --> 00:09:45,040 Speaker 2: is because we've actually got a high global dairy price 237 00:09:45,360 --> 00:09:46,840 Speaker 2: and that's what we end up to drive something. 238 00:09:47,440 --> 00:09:49,240 Speaker 1: Give you some advice for Nikola, and I've tried to 239 00:09:49,240 --> 00:09:51,160 Speaker 1: give it to her and she doesn't want it. Here's 240 00:09:51,320 --> 00:09:53,240 Speaker 1: here's the thing. You got to stop talking about it. 241 00:09:53,240 --> 00:09:55,320 Speaker 1: If you want to fix the banks, fix them, do something. 242 00:09:55,320 --> 00:09:57,559 Speaker 1: If you want to fix the supermarkets, do it. Stop 243 00:09:58,000 --> 00:09:59,680 Speaker 1: about it, stop having meetings, do it. 244 00:10:00,200 --> 00:10:02,200 Speaker 2: I just say to you, I know what's happening behind 245 00:10:02,200 --> 00:10:04,839 Speaker 2: the scenes on supermarkets. Tell and I will tell you 246 00:10:04,920 --> 00:10:07,120 Speaker 2: when we're ready to tell you. But the bottom line is, 247 00:10:07,120 --> 00:10:08,920 Speaker 2: i'd say she's working incredibly hard and time. 248 00:10:08,920 --> 00:10:11,440 Speaker 1: I'm sure she's working hard, but until you see the results, 249 00:10:11,480 --> 00:10:13,800 Speaker 1: So are you going to do something profound with the supermarkets? 250 00:10:13,880 --> 00:10:16,040 Speaker 2: And the next few months she'll come out and talk 251 00:10:16,040 --> 00:10:16,800 Speaker 2: about what we're going to. 252 00:10:16,760 --> 00:10:18,680 Speaker 1: Do there, So you've already decided what you're going to do. 253 00:10:18,800 --> 00:10:21,160 Speaker 2: Know, there's the ongoing work that she's doing and it's 254 00:10:21,200 --> 00:10:23,240 Speaker 2: not ready for us to come forward with just yet. 255 00:10:23,280 --> 00:10:24,920 Speaker 2: And I want to get ahead of her on that work. 256 00:10:24,960 --> 00:10:27,800 Speaker 2: But I'm just saying to your thing, it's she's I 257 00:10:27,880 --> 00:10:30,160 Speaker 2: know what she's doing behind the scenes, and she's exhausting 258 00:10:30,200 --> 00:10:32,560 Speaker 2: all options to make sure I get accomplished in that supermarket sector. 259 00:10:32,720 --> 00:10:34,840 Speaker 1: I took too long for a holiday. I took two 260 00:10:34,880 --> 00:10:35,240 Speaker 1: weeks off. 261 00:10:35,280 --> 00:10:37,120 Speaker 2: I noticed you were here last week when I came back. 262 00:10:37,120 --> 00:10:40,760 Speaker 1: As a mistake. Yeah, I think holidays are overrated, and 263 00:10:40,800 --> 00:10:41,679 Speaker 1: I think for those. 264 00:10:41,559 --> 00:10:43,320 Speaker 2: Is the man that when do you shut up shop 265 00:10:43,320 --> 00:10:46,200 Speaker 2: here like November one and you come back March. I 266 00:10:46,280 --> 00:10:47,880 Speaker 2: came back and then you give me grief about the 267 00:10:47,920 --> 00:10:48,839 Speaker 2: parliamentary cycle. 268 00:10:48,840 --> 00:10:52,320 Speaker 1: I came back in January, and I'm sticking here in January. 269 00:10:52,360 --> 00:10:53,960 Speaker 2: It was February, wasn't it February? 270 00:10:54,000 --> 00:10:56,920 Speaker 1: Barely February. It was barely February. But I think people 271 00:10:56,960 --> 00:11:00,960 Speaker 1: who enjoy their work shouldn't take holidays as a general. 272 00:11:01,000 --> 00:11:02,920 Speaker 1: Have you thought about this as a policy. If you 273 00:11:03,080 --> 00:11:04,600 Speaker 1: like your work, you don't take a holiday. 274 00:11:05,360 --> 00:11:07,080 Speaker 2: I gotta be honest. Every time I take a couple 275 00:11:07,080 --> 00:11:08,680 Speaker 2: of days off, I get sick. So it's sort of 276 00:11:08,679 --> 00:11:10,199 Speaker 2: I come back to the same conclusion, which is we 277 00:11:10,240 --> 00:11:12,800 Speaker 2: should have you find on your holiday last week that 278 00:11:12,920 --> 00:11:15,520 Speaker 2: that was plenty five days. Yeah, that's pretty good. 279 00:11:15,559 --> 00:11:16,560 Speaker 1: Yeah, that's an arche. 280 00:11:16,440 --> 00:11:17,720 Speaker 2: Manage for that. I got a lot, a lot on 281 00:11:17,760 --> 00:11:18,480 Speaker 2: my plate that I want. 282 00:11:18,400 --> 00:11:19,960 Speaker 1: To diet him straight. We've just covered some of it. 283 00:11:20,040 --> 00:11:22,080 Speaker 2: Yeah, you give me a work list every week exactly 284 00:11:22,120 --> 00:11:23,000 Speaker 2: before go get hold. 285 00:11:23,040 --> 00:11:24,320 Speaker 1: It's nice to see you. 286 00:11:24,760 --> 00:11:27,680 Speaker 2: For more from the Mic Asking Breakfast, listen live to 287 00:11:27,800 --> 00:11:28,360 Speaker 2: news talks. 288 00:11:28,360 --> 00:11:31,559 Speaker 1: It'd be from six am weekdays, or follow the podcast 289 00:11:31,600 --> 00:11:32,480 Speaker 1: on iHeartRadio.