1
00:00:00,280 --> 00:00:04,240
Speaker 1: The Huddle with New Zealand Southerby's International Realty, local and

2
00:00:04,320 --> 00:00:06,240
Speaker 1: global exposure like no other.

3
00:00:06,519 --> 00:00:09,000
Speaker 2: And on the huddle today we've got Rob Campbell, aut

4
00:00:09,160 --> 00:00:11,639
Speaker 2: Chancellor and former Health New Zealand chair and Nick Leggett

5
00:00:11,680 --> 00:00:15,520
Speaker 2: Infrastructure New Zealand Chief Executive. Gentlemen, good afternoon to you.

6
00:00:17,560 --> 00:00:19,400
Speaker 2: All right, So the Prime Minister laid out has planned

7
00:00:19,400 --> 00:00:21,120
Speaker 2: to grow the economy in the State of the Nation

8
00:00:21,520 --> 00:00:25,439
Speaker 2: speech today and he mentioned forming a new government agency,

9
00:00:25,560 --> 00:00:30,920
Speaker 2: which was slightly ridiculed by the taxpayers unions because you know,

10
00:00:31,040 --> 00:00:34,240
Speaker 2: this is a government agency and they don't like more

11
00:00:34,240 --> 00:00:37,320
Speaker 2: public servants. But what do you make of the idea,

12
00:00:37,479 --> 00:00:38,760
Speaker 2: Rob Campbell? Is this a good thing?

13
00:00:40,040 --> 00:00:42,760
Speaker 3: I don't often agree with the taxpayers Union, but they're right.

14
00:00:42,840 --> 00:00:47,280
Speaker 3: I mean, it's frankly laughable. There are huge amounts of

15
00:00:47,360 --> 00:00:51,760
Speaker 3: capital around the world and sovereign funds and in private hands,

16
00:00:52,240 --> 00:00:56,280
Speaker 3: and it constantly that capital constantly scours the world looking

17
00:00:56,280 --> 00:00:59,920
Speaker 3: for opportunities to invest. The idea that they had to

18
00:01:00,000 --> 00:01:02,280
Speaker 3: decisions are going to be in any way influenced by

19
00:01:02,320 --> 00:01:05,200
Speaker 3: some tim pot little new agency formed in New Zealand

20
00:01:05,760 --> 00:01:09,759
Speaker 3: to draw attention to this country and what we think

21
00:01:09,800 --> 00:01:13,160
Speaker 3: are opportunities is frankly laughable.

22
00:01:14,880 --> 00:01:16,959
Speaker 2: What do you think, Nick, And remind you I did

23
00:01:17,000 --> 00:01:18,880
Speaker 2: talk to Tom McLay before he said he's going to

24
00:01:18,880 --> 00:01:22,160
Speaker 2: go around the world and shoulder tap already influential New

25
00:01:22,280 --> 00:01:24,480
Speaker 2: Zealanders to be part of this agency to go out

26
00:01:24,520 --> 00:01:28,280
Speaker 2: and do this and this is what happens in Ireland

27
00:01:28,360 --> 00:01:29,200
Speaker 2: and Singapore.

28
00:01:30,640 --> 00:01:34,360
Speaker 4: Yeah, well, look, I agree with the Prime Minister's diagnosis.

29
00:01:35,160 --> 00:01:38,080
Speaker 4: We're very good at saying no to things in this country.

30
00:01:38,840 --> 00:01:42,840
Speaker 4: In terms of the solution, I am concerned that a

31
00:01:42,880 --> 00:01:46,640
Speaker 4: new agency has been seen as the way the truth

32
00:01:46,680 --> 00:01:51,840
Speaker 4: and the life. Look, it's questionable, right. I'm also worried,

33
00:01:51,880 --> 00:01:56,160
Speaker 4: you know, what are our settings, our fundamental settings for

34
00:01:56,200 --> 00:02:00,680
Speaker 4: a foreign investment? Like here are there projects? They're businesses

35
00:02:00,720 --> 00:02:05,520
Speaker 4: that are ready to take capital and to grow. It's

36
00:02:05,560 --> 00:02:07,880
Speaker 4: fine having the welcome at out, but the door's got

37
00:02:07,920 --> 00:02:10,160
Speaker 4: to be open when the person comes down the mat.

38
00:02:10,280 --> 00:02:14,640
Speaker 4: And it's really I think a chant for the government

39
00:02:14,680 --> 00:02:18,160
Speaker 4: to project a long term vision for where the country

40
00:02:18,200 --> 00:02:21,520
Speaker 4: needs to go and to remember there's significant pools of

41
00:02:21,560 --> 00:02:25,200
Speaker 4: capital onshore that we should be utilizing as well as

42
00:02:25,320 --> 00:02:26,120
Speaker 4: foreign investment.

43
00:02:27,560 --> 00:02:30,079
Speaker 3: Andrew, this stuff is really a joke and it's been

44
00:02:30,160 --> 00:02:33,120
Speaker 3: going on. The previous government, Frankie wasn't much better at it.

45
00:02:33,160 --> 00:02:37,040
Speaker 3: You might recall them bringing in a two billion dollar

46
00:02:37,080 --> 00:02:40,840
Speaker 3: fund to invest in sustainable energy projects not long ago.

47
00:02:41,000 --> 00:02:43,920
Speaker 3: One investment from that crowd. It didn't go too good.

48
00:02:43,960 --> 00:02:47,240
Speaker 3: They've scarp it off. This whole idea that it's sort

49
00:02:47,280 --> 00:02:50,080
Speaker 3: of a cargo cult mentality that success of New Zealand

50
00:02:50,120 --> 00:02:52,679
Speaker 3: governments have had that there is this money around the

51
00:02:52,680 --> 00:02:54,920
Speaker 3: world that can be brought in to solve our problems.

52
00:02:55,240 --> 00:02:58,520
Speaker 3: And frankly, it's an excuse. It's never right and it's

53
00:02:58,560 --> 00:02:59,720
Speaker 3: not going to be right this time.

54
00:03:00,080 --> 00:03:01,959
Speaker 2: A bit of a point there, Rob, because I think

55
00:03:02,400 --> 00:03:05,200
Speaker 2: Christoph Luxan has often said the governments can't pick winners.

56
00:03:06,480 --> 00:03:09,239
Speaker 3: Yeah, thinking pick losers. They're quite good at that.

57
00:03:09,480 --> 00:03:10,400
Speaker 4: They're very good at that.

58
00:03:11,360 --> 00:03:13,640
Speaker 2: Okay, gentlemen, we're back in a few months time. It

59
00:03:13,680 --> 00:03:15,520
Speaker 2: is a huddle with Robin Nick.

60
00:03:16,000 --> 00:03:20,120
Speaker 1: The huddle with New Zealand Southeby's International Realty Elevator Marketing

61
00:03:20,200 --> 00:03:21,160
Speaker 1: of your Home.

62
00:03:22,520 --> 00:03:24,679
Speaker 2: With Rob Campbell and Nick Leggett. And it is now

63
00:03:24,720 --> 00:03:26,840
Speaker 2: twelve to six and we've talked about national in their

64
00:03:26,840 --> 00:03:28,800
Speaker 2: state of the nation. Of course that Labour's been meeting

65
00:03:28,840 --> 00:03:31,320
Speaker 2: as well, and Chris Hipkins has been talking and he

66
00:03:31,360 --> 00:03:34,800
Speaker 2: said we over promised and we underdelivered, and we're promising

67
00:03:34,800 --> 00:03:36,520
Speaker 2: now that our phone is back on the hook and

68
00:03:36,520 --> 00:03:39,320
Speaker 2: we're ready to go. So have you seen any evidence.

69
00:03:39,000 --> 00:03:41,520
Speaker 3: Nick, Yeah, I have.

70
00:03:41,720 --> 00:03:44,360
Speaker 4: I mean the first bit of evidence that people are

71
00:03:44,400 --> 00:03:49,520
Speaker 4: listening is the Courier poll that came out last week

72
00:03:49,680 --> 00:03:53,120
Speaker 4: that showed that Labor were ahead of National for the

73
00:03:53,160 --> 00:03:57,120
Speaker 4: first time since the election. Now it's but one poll,

74
00:03:57,200 --> 00:04:01,440
Speaker 4: of course, but I think it shows that the uncertain

75
00:04:01,520 --> 00:04:05,440
Speaker 4: economic environment means that people will be interested in what

76
00:04:05,520 --> 00:04:08,680
Speaker 4: Labour's got to say. I've been watching and listening very

77
00:04:08,720 --> 00:04:13,560
Speaker 4: closely to Barbara Edmonds, certainly in the finance and infrastructure areas.

78
00:04:14,200 --> 00:04:16,720
Speaker 4: You know, she hasn't been barking at every passing car.

79
00:04:16,880 --> 00:04:21,000
Speaker 4: She supported a lot of Chris Bishop's very sensible system changes,

80
00:04:21,960 --> 00:04:27,279
Speaker 4: and she's thinking very carefully about tax about the way

81
00:04:27,960 --> 00:04:31,080
Speaker 4: the New Zealand economy needs to operate the way that

82
00:04:32,320 --> 00:04:35,320
Speaker 4: I know Labour doing whide of thinking about how climate

83
00:04:35,400 --> 00:04:40,080
Speaker 4: and the economy can better work together. What I think

84
00:04:40,120 --> 00:04:42,360
Speaker 4: the nation is going to be looking for is economic

85
00:04:42,480 --> 00:04:45,839
Speaker 4: certainty from either the current government or an opposition government.

86
00:04:46,240 --> 00:04:48,160
Speaker 4: But I think Labor I've got to show they've done

87
00:04:48,200 --> 00:04:51,560
Speaker 4: some big thinking that their answer to everything is not

88
00:04:51,720 --> 00:04:58,400
Speaker 4: restructuring government departments and bureaucratic change. That's not transformation. Transformation

89
00:04:58,520 --> 00:05:01,159
Speaker 4: is actually impacting people's lives, so the better, and I

90
00:05:01,160 --> 00:05:03,400
Speaker 4: think that's what New Zealanders are interested in.

91
00:05:03,640 --> 00:05:06,680
Speaker 2: But that poll, was it actually proof that they're getting better?

92
00:05:07,440 --> 00:05:10,240
Speaker 2: Or was it just that of course, National's in charge

93
00:05:10,440 --> 00:05:13,839
Speaker 2: of a failing economy because we've got in Australia Peter.

94
00:05:13,920 --> 00:05:16,320
Speaker 2: But Peter Duttin is now the preferred prime minister over

95
00:05:16,360 --> 00:05:19,520
Speaker 2: Albanesi and that's pretty much purely and simply because Albanesi

96
00:05:19,600 --> 00:05:21,320
Speaker 2: is in charge of a stuttering economy.

97
00:05:21,760 --> 00:05:25,520
Speaker 4: Well, the old adage is that governments lose elections, oppositions

98
00:05:25,520 --> 00:05:26,120
Speaker 4: don't would them.

99
00:05:26,200 --> 00:05:29,279
Speaker 2: That's true, So that doesn't necessarily mean that Labor's any better.

100
00:05:29,320 --> 00:05:30,400
Speaker 2: So what do you think, Rob.

101
00:05:31,440 --> 00:05:33,679
Speaker 3: Well, I think it's just another version what I'm hearing

102
00:05:33,720 --> 00:05:36,640
Speaker 3: from Chris Hopkins, just another version of I'm less of

103
00:05:36,640 --> 00:05:38,680
Speaker 3: a cock up than the other guys, which is not

104
00:05:38,760 --> 00:05:41,240
Speaker 3: the way that New Zealand's going to dig dig its

105
00:05:41,279 --> 00:05:47,000
Speaker 3: way out of its problems. So Labor has to focus

106
00:05:47,120 --> 00:05:51,440
Speaker 3: on not just what it thinks of the popular issues.

107
00:05:51,839 --> 00:05:54,480
Speaker 3: It's got to focus on the way that this economy

108
00:05:54,640 --> 00:05:57,799
Speaker 3: can in the modern world where there is a climate

109
00:05:57,839 --> 00:06:00,160
Speaker 3: crisis where the people like to accept it on not

110
00:06:00,720 --> 00:06:05,400
Speaker 3: where there is incredible geopolitical uncertainty, and where there is

111
00:06:05,520 --> 00:06:10,040
Speaker 3: a really damaging level of inequality of not just income

112
00:06:10,120 --> 00:06:13,760
Speaker 3: but wealth and power. It has to present a view

113
00:06:13,800 --> 00:06:17,960
Speaker 3: of how New Zealand can prosper in that world. And

114
00:06:18,000 --> 00:06:20,960
Speaker 3: that's not just from some kind of minor adjustments around

115
00:06:21,000 --> 00:06:24,119
Speaker 3: the edge. In amongst that, they've got to put forward

116
00:06:24,160 --> 00:06:27,760
Speaker 3: some proposals that make some short term benefit to people,

117
00:06:27,800 --> 00:06:30,160
Speaker 3: but it has to be within a long term context.

118
00:06:30,520 --> 00:06:33,760
Speaker 3: The worst thing about and they're repeating it, in my opinion,

119
00:06:34,000 --> 00:06:36,560
Speaker 3: the worst thing about what the current government is doing

120
00:06:37,000 --> 00:06:40,120
Speaker 3: is that it is pretending to people that they can

121
00:06:40,240 --> 00:06:44,600
Speaker 3: have genuine better certainty and security and living standards from

122
00:06:44,640 --> 00:06:48,400
Speaker 3: playing around with the edges, with these new things like

123
00:06:48,480 --> 00:06:50,520
Speaker 3: mining and all that sort of carry on. It's just

124
00:06:50,560 --> 00:06:53,400
Speaker 3: a repeat of what we've done before. It won't work

125
00:06:53,560 --> 00:06:56,080
Speaker 3: and they all frankly know it, and I think it's

126
00:06:56,160 --> 00:06:58,560
Speaker 3: very disappointing that Labor is seeking to repeat that.

127
00:06:58,680 --> 00:07:02,240
Speaker 2: Well, talking about to your politics. Donald Trump has come

128
00:07:02,240 --> 00:07:04,240
Speaker 2: out and threatened that to be and Putin to go

129
00:07:04,279 --> 00:07:06,960
Speaker 2: out there, make a deal boy, and end the Ukraine War.

130
00:07:07,320 --> 00:07:09,760
Speaker 2: So do you think this is a good tactic or

131
00:07:09,800 --> 00:07:11,840
Speaker 2: could the deal look terrible for the Ukraine?

132
00:07:11,920 --> 00:07:16,920
Speaker 4: Nick, Well, that's I think the risk and the fear

133
00:07:17,040 --> 00:07:21,320
Speaker 4: of anybody who's listened to Donald Trump's rhetoric on Ukraine

134
00:07:22,120 --> 00:07:25,520
Speaker 4: over the last months. But to be fair to Donald Trump,

135
00:07:26,400 --> 00:07:29,240
Speaker 4: what he said previously and now what he's saying as

136
00:07:29,480 --> 00:07:36,240
Speaker 4: president to Russia appears to be somewhat different. It sounded

137
00:07:36,280 --> 00:07:37,560
Speaker 4: as though he was sort of going to meet in

138
00:07:37,560 --> 00:07:39,320
Speaker 4: the middle and that Ukraine had have to sort of

139
00:07:40,480 --> 00:07:43,320
Speaker 4: lose a bit to get a sort of a peace

140
00:07:43,360 --> 00:07:47,320
Speaker 4: set on one. But he is talking tougher to Putin now.

141
00:07:47,360 --> 00:07:50,120
Speaker 4: Whether that is, of course just bluster, because we know

142
00:07:50,200 --> 00:07:54,120
Speaker 4: Trump's never met a political tyrant that he hasn't fancied.

143
00:07:54,800 --> 00:07:56,880
Speaker 4: Whether or not that's the case, we will see. But

144
00:07:57,080 --> 00:07:59,720
Speaker 4: I have to say I've been more optimistic and what

145
00:07:59,720 --> 00:08:03,520
Speaker 4: I've from Trump on this in the last twenty four hours,

146
00:08:04,040 --> 00:08:08,720
Speaker 4: but I just I think it's too unpredictable and really

147
00:08:09,400 --> 00:08:12,400
Speaker 4: there is too much for Europe and the West and

148
00:08:12,520 --> 00:08:16,200
Speaker 4: the allies around the world to lose if Ukraine fools

149
00:08:17,600 --> 00:08:20,920
Speaker 4: in an unjust way, and we can't afford for that

150
00:08:20,960 --> 00:08:21,800
Speaker 4: to happen many of us.

151
00:08:21,880 --> 00:08:24,040
Speaker 2: What do you reckon, Rob Well.

152
00:08:24,080 --> 00:08:26,720
Speaker 3: I am in favor of anything that brings peace and

153
00:08:26,720 --> 00:08:30,520
Speaker 3: stops people bombing one another. Frankly, so I hope that

154
00:08:30,600 --> 00:08:33,040
Speaker 3: there is some substance to it, as I hope the

155
00:08:33,200 --> 00:08:37,480
Speaker 3: substance in many of the other conflicts around the world.

156
00:08:37,600 --> 00:08:43,040
Speaker 3: But I'm apprehensive that anything that Donald Trump does will

157
00:08:43,040 --> 00:08:47,080
Speaker 3: be allied to an increase in American power and influence

158
00:08:47,160 --> 00:08:49,240
Speaker 3: in the world. And I don't think that that is

159
00:08:49,240 --> 00:08:51,960
Speaker 3: something that we need to be encouraging. But if there's

160
00:08:52,000 --> 00:08:55,439
Speaker 3: a peace process, if it's a negotiated peace process, then

161
00:08:55,480 --> 00:08:58,720
Speaker 3: the world should participate in it, not just have it

162
00:08:58,800 --> 00:09:00,400
Speaker 3: sorted out amongst three irons.

163
00:09:01,000 --> 00:09:03,440
Speaker 2: Good stuff, Rob Campbell and Nick Leckett, thank you for

164
00:09:03,480 --> 00:09:04,000
Speaker 2: your thoughts.

165
00:09:04,559 --> 00:09:07,719
Speaker 1: For more from Hither Duplessy Allen Drive, listen live to

166
00:09:07,840 --> 00:09:10,880
Speaker 1: news Talks it'd be from four pm weekdays, or follow

167
00:09:10,920 --> 00:09:12,679
Speaker 1: the podcast on iHeartRadio.