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Speaker 1: Monday morning, the Prime Minister is with us. A very

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Speaker 1: good morning to you. Good morning Mike. A couple of

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Speaker 1: things off the super plan announced yesterday. Is it a

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Speaker 1: bottom line for you? Yeah? Yeah, absolutely, I mean so

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Speaker 1: in a coalition it will be a bottom line. It

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Speaker 1: will happen.

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Speaker 2: Yeah, it has to happen because we have to put

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Speaker 2: the country on a much better pathway on savings and investment.

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Speaker 2: We've actually already started it, you know, we did it

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Speaker 2: the budget, moving it from six to eight percent, and

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Speaker 2: this is a continuation of it.

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Speaker 1: Okay, where do the coalition partners sit on it as

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Speaker 1: a broad idea?

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Speaker 2: Well, I think Winston's express in the past I've speak

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Speaker 2: he sort of said that he wanted to increase contributions

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Speaker 2: as well. That's a positive thing. The means by which

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Speaker 2: we may know he wanted to go about it might

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Speaker 2: be different. But you know, at this point I think

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Speaker 2: I don't actually know why it is so political. I

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Speaker 2: think it's actually a common sense. Then if you look

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Speaker 2: at places like Ireland and Australia that are welfare they

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Speaker 2: actually have higher retirement saving.

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Speaker 1: No, the only reason I'm asking is there's no point

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Speaker 1: in announcing a policy but it doesn't look like it's

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Speaker 1: potentially never going to see the light of day. So

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Speaker 1: you need one.

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Speaker 3: As a national party, big party and the government.

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Speaker 1: You expected, but you need your coalition partners roughly to

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Speaker 1: be alongside with the idea.

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Speaker 3: Yep.

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Speaker 2: Sure, and that's the stuff that we go through when

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Speaker 2: we get on the other side with an election and

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Speaker 2: get a coalition agreement.

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Speaker 1: Can you in some way? We had Murray Harris on

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Speaker 1: from Milford Assett and he said, one of the biggest

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Speaker 1: problems but he likes the idea, but one of the

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Speaker 1: biggest problems around super innuation from you guys, you've got

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Speaker 1: to stop changing the rules.

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Speaker 2: Yeah, but I think on there's a couple of things

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Speaker 2: on national superannuation we're saying that stays. That's all fine,

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Speaker 2: but you're going to need to augment it with bigger

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Speaker 2: key we save us retirement savings. I think there's been

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Speaker 2: you know, even you've heard business leaders talk about this.

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Speaker 2: I think this is quite common sense. I mean, ultimately

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Speaker 2: it's about building.

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Speaker 1: Yeah, but it is. But I mean, you know what's

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Speaker 1: happened since Keep We Serve has been a think governments

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Speaker 1: going we're going to have a contribution. Whoops, No, we're

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Speaker 1: not going to have a contribution. Oh we'll make it

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Speaker 1: one thousand dollars. Oh, whoops, will make it five hundred dollars.

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Speaker 1: Set it up, leave it alone.

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Speaker 2: Yeah, well that's I mean, there'll be there'll have to

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Speaker 2: be some tweaks on the margins from time to time.

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Speaker 2: But what I'm saying is setting ourselves on a pathway.

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Speaker 2: This is a long term thing. It gives people time

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Speaker 2: to adjust. I think it's increment steps. It makes all

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Speaker 2: good sense. Okay, another cut this week in the interest

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Speaker 2: rate the cash right last time I spoke about that,

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Speaker 2: I've got a serious trap.

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Speaker 1: What would you hope be Well.

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Speaker 2: I've noticed that forecast as are talking about a twenty

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Speaker 2: five basis point, which would be fantastic because that would

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Speaker 2: be the ninth cut that we've had under governments, and

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Speaker 2: that would be a three hundred and twenty five bases

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Speaker 2: points cut since we came to power. And if that

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Speaker 2: gets transmitted out to commercial rates, which it will do,

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Speaker 2: that puts a lot of money in people's back pocket.

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Speaker 1: Here's the downside of that. Have you seen our dollar?

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Speaker 1: I asked you about this couple of months ago. You

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Speaker 1: didn't seem overly worried about it. You should be. I

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Speaker 1: mean at forty two p eighty seven Australian. Yeah, what's

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Speaker 1: that say about the New Zealand economy. Well, it says

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Speaker 1: that we've still got work to do.

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Speaker 2: But it's obviously very good for our exports and that's

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Speaker 2: been a good thing. And you've seen a twelve billion

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Speaker 2: dollar growth in exports I think in the last two years.

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Speaker 3: So yep.

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Speaker 2: The dollar is floating dollars, you know, and we've got

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Speaker 2: to get the fundamentals of this economy right.

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Speaker 1: But we look like a poor country that the world

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Speaker 1: doesn't like the look of. I mean, that's that's what

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Speaker 1: a dollar is.

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Speaker 2: Well, that's what I was alluding to yesterday, was saying

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Speaker 2: in my speech, was that when Australia's twenty five percent

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Speaker 2: wealthire Ireland's twice as wealthier, Singapore's three times as wealthier

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Speaker 2: per person, we actually need to have a conversation about what.

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Speaker 3: We are doing to build out the future.

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Speaker 2: We're fixing a lot of basics the last two years,

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Speaker 2: as I've said, but we've actually you know, with ideas

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Speaker 2: like the savings and investment things and other things. We've

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Speaker 2: got to build out where we want to go and

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Speaker 2: we've got great potential in the country. Damn, we've got

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Speaker 2: to go get it.

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Speaker 1: And that's what the election year is all about. You

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Speaker 1: won't read the whole thing, but do you have a

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Speaker 1: broad understanding of what they did about the COVID inquiry

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Speaker 1: in Britain?

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Speaker 3: No, I mean I saw some headlines.

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Speaker 1: Of lockdowns necessary. Yeah, lockdowns weren't necessary in Britain because

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Speaker 1: and we did it exactly the same thing. This wasn't

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Speaker 1: You weren't here of course at the time. But at

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Speaker 1: the end of the day, what are we going to

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Speaker 1: find out in COVID one and two? And if we

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Speaker 1: find out the same thing, I e. Lockdowns weren't necessary,

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Speaker 1: what do you do with that?

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Speaker 2: Well, it's very helpful for should we have, god forbid,

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Speaker 2: have another version of a pandemic? Will form the thinking

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Speaker 2: around all of that. My frustration on it, as you know,

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Speaker 2: and that's why I wanted the terms broadened out, was

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Speaker 2: really about the economic damage that was done during that period.

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Speaker 2: You know, we were the second biggest spending country on earth. Proportionately,

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Speaker 2: we had the longest COVID hangover which.

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Speaker 3: We've dealt with.

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Speaker 2: We had sixty six billion dollars go walk about that.

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Speaker 2: No one knows where the hell it went, and you

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Speaker 2: didn't have ar Duran Hipkins or Robertson actually front that

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Speaker 2: commission to actually explain what the hell they were thinking

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Speaker 2: at that time.

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Speaker 1: But imagine the methods on the economy if we would

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Speaker 1: never lock down.

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Speaker 2: Yeah, I mean, I mean, honestly, Mike, I spent a

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Speaker 2: lot of time with tourism and hospitality. Those people are incredible.

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Speaker 2: You remember the COVID period where they went their businesses

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Speaker 2: just crashed zero. They came through that, they've come through

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Speaker 2: now the recession that was caused by that COVID hangover,

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Speaker 2: and now we're trying to get the show movie again.

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Speaker 1: Now, is something going wrong with COVID two And as

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Speaker 1: weeks quit, there's a number of resignations from that inquiry.

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Speaker 1: Do you know why what's going wrong?

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Speaker 3: No, I'm not aware.

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Speaker 2: I don't. I'm not close to that. I mean, Brook

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Speaker 2: is obviously Brook van Valden's in charge of that. But

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Speaker 2: and she may know better, but I'm sorry, it's not.

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Speaker 1: You don't but she doesn't come to you. You don't

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Speaker 1: get who go Why are these people resigning? I mean,

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Speaker 1: why would you take on an inquiry and then quip

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Speaker 1: from it unless something's not right.

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Speaker 3: I just don't know.

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Speaker 1: Should I inquire of other people?

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Speaker 3: Should refree?

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Speaker 1: You should Brook van Velden and tell what the hell is?

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Speaker 1: There something dodgy going on? Now? Do you want to

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Speaker 1: talk about the coup? The what the coup? But the

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Speaker 1: christ biership coups coming. He's coming for you? I said,

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Speaker 1: what I'm listening like?

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Speaker 2: Can I be honest, It's quite hard to take this

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Speaker 2: seriously because I've read all of this before, the whole four.

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Speaker 1: Years analytic I'm listening to hither du policic Allen. He's

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Speaker 1: coming for you.

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Speaker 2: Look, I don't think that is the case. He is

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Speaker 2: a great minister, he's a good friend, and he's doing

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Speaker 2: an awesome job.

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Speaker 1: How come where has all this come from? There?

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Speaker 3: Look, I don't know. It's hard to take it seriously.

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Speaker 2: As I said before, I've been reading this stuff and

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Speaker 2: hearing this stuff ever since I came here.

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Speaker 3: So but I'm very focused on what I.

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Speaker 2: Got to do.

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Speaker 1: You will lead the National Party to the elections in

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Speaker 1: twenty twenty six, absolutely, no question, no question. The monetary

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Speaker 1: policy you're following the feed at all? And do we

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Speaker 1: need in this country the Monetary Policy Committee to be

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Speaker 1: able to speak openly about how they're feeling about the

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Speaker 1: the economy at any given stage, because what you've got

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Speaker 1: at the moment is the FED, and you've got somebody going,

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Speaker 1: I don't think we need to cut. You've got somebody

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Speaker 1: else mirror and going, I think we need to go

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Speaker 1: fifty points. Somebody else in mil goes I think twenty

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Speaker 1: five is about right. So you get a vibe, you understand,

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Speaker 1: you know what they're thinking. Why don't we do that here?

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Speaker 2: We started to I mean like we have the formal

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Speaker 2: committee meetings and then as you know, they've actually started

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Speaker 2: to express what the votes were, saying things like interest

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Speaker 2: rate cuts. So you might remember there was sex people

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Speaker 2: on that. I remember, I think it was a four

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Speaker 2: to two decision once before on not proceeding.

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Speaker 1: But you don't know who they are, No.

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Speaker 3: You don't.

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Speaker 2: But equally, you do kind of want some coherence so

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Speaker 2: that you get a clear beam from that group as

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Speaker 2: to what they actually are thinking and one point of

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Speaker 2: view I think versus multiple voices and just more commentariator

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Speaker 2: or more that would be my preference.

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Speaker 1: I'm just all about it. I'm just about transparency. That's

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Speaker 1: all the bloke, the bloke you sent to Brazil, was

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Speaker 1: that a wasteed the affair?

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Speaker 2: No, No, it's important we're there. I mean what for well,

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Speaker 2: I mean it is a global forum. I mean I

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Speaker 2: think you got asked some questions about cop and actually,

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Speaker 2: when you look at what has actually achieved the last

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Speaker 2: week's a few weeks in particular, I don't know whether

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Speaker 2: this has been its finest moments, and I think there's

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Speaker 2: some serious questions.

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Speaker 3: To ask for the future about that body.

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Speaker 2: But look, I mean we put a delegation together, small delegation.

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Speaker 2: They went over. It's important they participated. They went there

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Speaker 2: the whole time, and it keeps us informed with what's

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Speaker 2: going on and where people's heads are on it.

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Speaker 1: All because what Simon said, he intervened, did he intervene?

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Speaker 1: He made a comment about the carbon market, right, and

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Speaker 1: he was trying to reassure people who would participate in

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Speaker 1: the carbon market that you guys are serious about climate change.

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Speaker 1: And it strikes me that you're sort of caught between

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Speaker 1: a rock and a hard place at the moment because

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Speaker 1: what you're doing policy wise makes perfect sense, but equally

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Speaker 1: you're trying to pretend you're all for twenty fifty in

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Speaker 1: net zero and.

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Speaker 2: Yeah, well let me talk aout because I mean we

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Speaker 2: are for zero twenty fifty.

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Speaker 1: That's I'm sure.

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Speaker 2: We're all our carbon market, and actually when you look

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Speaker 2: at our plans, we think we might even get there

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Speaker 2: a bit early. But we're not going to do dumb

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Speaker 2: stuff like I mean, honestly, the last lot wanted to

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Speaker 2: shut down I think twenty five thirty percent of sheep

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Speaker 2: and beef farmers and send it all off seat overs

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Speaker 2: farms overseas. We're not sending billions of dollars overseas. We're

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Speaker 2: not going to send jobs overseas. So we are going

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Speaker 2: to make our own you know. That's why we've realigned

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Speaker 2: the ets, for example, to our own domestic That's.

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Speaker 1: Why Simon was interviewed because as a result of you

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Speaker 1: doing all of this shuffling and shifting, no one's buying

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Speaker 1: carbon crews. Each time the carbon market is each time

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Speaker 1: the auction comes up, no one buys anything. Yeah, they

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Speaker 1: don't believe a word you say.

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Speaker 2: Yeah, Well, partly because it was mucked around a hell

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Speaker 2: of a lot. You were doing the mucking around. We've

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Speaker 2: kept it pretty stable up until just recently where we've

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Speaker 2: just moved the aligns targets.

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Speaker 1: They haven't they haven't participated for years, they haven't cleared

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Speaker 1: and not haven't cleaned because both of you, both you

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Speaker 1: and Labor keep mucking around with it. All I'm saying

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Speaker 1: is why have an auction for something no one wants?

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Speaker 2: Well, I'm trying to make sure that I can control

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Speaker 2: what we can control, which is our domestic goal and

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Speaker 2: our domestic targets. That's the priority for me. And making

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Speaker 2: sure ETS, which was a domestic policy tool before Paris

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Speaker 2: was even signed up for, actually should be helping and

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Speaker 2: hooked up to helping us deliver on our net zero

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Speaker 2: twenty fifty goals. The net zero twenty fifties is very doable,

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Speaker 2: very possible. And then you've we've gone through and said

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Speaker 2: simple things like we don't need agriculture pricing. Actually, there's

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Speaker 2: a heap of technology coming you can increase productivity and

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Speaker 2: manager missions well, and I genuinely believe all of that.

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Speaker 2: So we've got we are changing the settings. I make

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Speaker 2: no apologies about that, but we're doing it to align

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Speaker 2: to what we can control and what we set up

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Speaker 2: will give the NDC stuff a good go. And we've

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Speaker 2: even aligned NDC twenty thirty five back to our domestic

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Speaker 2: goals because there was a massive disconnect there sitting there.

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Speaker 1: Next week it's present swap time because it's the final

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Speaker 1: week of the program.

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Speaker 2: So what what day are you officially going on holiday?

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Speaker 1: Following the following friday? The following friday.

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Speaker 2: I'm so looking, listeners. I mean, this is marvelous, isn't it.

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Speaker 2: I mean, the man gives me greet for the lack

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Speaker 2: of time my spend in parliament and my people are

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Speaker 2: working down there, and and he's buggering off for like

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Speaker 2: December January. You back by May or.

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Speaker 1: When I'm come back early in the year. Have you

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Speaker 1: you've had one week off this year or thing? Because

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Speaker 1: that's what it's called.

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Speaker 2: It's called working twenty hours a week, Mike, seven days

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Speaker 2: a week.

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Speaker 3: We're going to have a lot of weeks.

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Speaker 1: Is my show run better than this country's run? This

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Speaker 1: is listen?

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Speaker 2: Is this says Pitch to become the Minister of Broadcasting?

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Speaker 2: Watch this space exactly.

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Speaker 1: Anyway, we'll swap prisons next week. Get ready, get you up?

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Speaker 2: WHOA Okay, I've been thinking about this for a while,

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Speaker 2: so you better, you better better stump up, I'll bring it,

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Speaker 2: don't worry. Good For more from the Mike Asking Breakfast,

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Speaker 2: listen live to news talks. It'd be from six am weekdays,

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Speaker 2: or follow the podcast on iHeartRadio