1
00:00:00,080 --> 00:00:02,080
Speaker 1: Now we'll get to Shane Sully with the market shortly,

2
00:00:02,200 --> 00:00:04,520
Speaker 1: the MTA on Wafts and Gavin Gray out of the

3
00:00:04,600 --> 00:00:06,720
Speaker 1: UK before top of the hour. Right now, Nikola willis

4
00:00:06,760 --> 00:00:08,960
Speaker 1: the Finance when it joins me live minister, good evening,

5
00:00:09,600 --> 00:00:12,440
Speaker 1: good evening run. I'm assuming you would have been pleased

6
00:00:12,480 --> 00:00:15,000
Speaker 1: to see this statement that Arna Breman has come out

7
00:00:15,040 --> 00:00:18,040
Speaker 1: with the Reserve Bank governor kind of fixing up or

8
00:00:18,040 --> 00:00:21,680
Speaker 1: correcting what the market was interpreting from that November meeting.

9
00:00:22,520 --> 00:00:26,120
Speaker 2: Well, she did note that financial market conditions had tightened

10
00:00:26,160 --> 00:00:29,480
Speaker 2: beyond what was implied by the Reserve Bank central projection,

11
00:00:29,640 --> 00:00:32,559
Speaker 2: that they were monitoring that and would continue to assess it.

12
00:00:32,600 --> 00:00:34,880
Speaker 2: And I note that the market has responded since she

13
00:00:35,000 --> 00:00:38,600
Speaker 2: made that statement, with wholesale rates coming down.

14
00:00:39,440 --> 00:00:41,560
Speaker 1: It's great. I mean, I know you can't direct the

15
00:00:41,560 --> 00:00:43,360
Speaker 1: Reserve Bank tell them what to do, but did you

16
00:00:43,520 --> 00:00:45,960
Speaker 1: say or give a nudge to say, hey, maybe you

17
00:00:46,440 --> 00:00:49,400
Speaker 1: need to clarify your position, or you know, tell us

18
00:00:49,440 --> 00:00:51,840
Speaker 1: what you really think about it something like that.

19
00:00:53,000 --> 00:00:56,360
Speaker 2: I think this is entirely consistent with what doctor Braman

20
00:00:56,480 --> 00:00:59,760
Speaker 2: has said she will do, which has been open, transparent,

21
00:01:00,160 --> 00:01:02,800
Speaker 2: clear communicator, and that's what she's achieved with the.

22
00:01:02,840 --> 00:01:04,360
Speaker 1: Statement, God, isn't it refreshing?

23
00:01:05,319 --> 00:01:07,760
Speaker 2: It's good, she's great, She's a great appointment.

24
00:01:07,880 --> 00:01:11,800
Speaker 1: Ryan Right, did Cabinet talk about the terror attack in

25
00:01:11,840 --> 00:01:14,000
Speaker 1: Sydney today and if so, what was discussed?

26
00:01:15,840 --> 00:01:20,800
Speaker 2: Yes, we did. We shared our concern how what was

27
00:01:20,840 --> 00:01:25,000
Speaker 2: clearly an anti Semitic attack and how vulnerable that makes

28
00:01:25,080 --> 00:01:28,839
Speaker 2: Jewish people feel around the world, but particularly here at home.

29
00:01:29,760 --> 00:01:33,160
Speaker 2: We talked about our shared support for that community and

30
00:01:33,200 --> 00:01:36,000
Speaker 2: our willingness to do what's required to ensure they continue

31
00:01:36,000 --> 00:01:38,640
Speaker 2: to feel safe here in New Zealand, and just our

32
00:01:38,760 --> 00:01:41,280
Speaker 2: general feeling of horror that such an event could occur,

33
00:01:41,319 --> 00:01:43,960
Speaker 2: in our sympathy for all Australians affected by it.

34
00:01:44,480 --> 00:01:48,480
Speaker 1: Could you get any updates on security alerts for New

35
00:01:48,560 --> 00:01:50,520
Speaker 1: Zealand whether we need to be more worried here?

36
00:01:52,600 --> 00:01:56,920
Speaker 2: No, that wasn't what happened at cabinet, and regardless, we

37
00:01:56,960 --> 00:02:00,000
Speaker 2: don't comment publicly on matters of national security.

38
00:02:00,640 --> 00:02:04,960
Speaker 1: Debra Hart, who's with the Holocaust Center, she came on

39
00:02:05,000 --> 00:02:08,400
Speaker 1: the program today and unprompted, she singled out Chloe Swarbrick

40
00:02:08,480 --> 00:02:11,520
Speaker 1: for some of her language and rhetoric around Jewish people.

41
00:02:12,120 --> 00:02:15,000
Speaker 1: Do you think politicians need to take this as as

42
00:02:15,080 --> 00:02:16,520
Speaker 1: a sign to call the jets.

43
00:02:17,960 --> 00:02:21,959
Speaker 2: Yes, yes they do. We need to be really careful

44
00:02:22,960 --> 00:02:27,960
Speaker 2: that in attacking the policies of a particular government, as

45
00:02:27,960 --> 00:02:31,400
Speaker 2: some political parties have done with regard to Israel, we

46
00:02:31,440 --> 00:02:36,160
Speaker 2: don't incite violence and hatred against the people, the Jewish people.

47
00:02:36,760 --> 00:02:39,280
Speaker 2: And there is no question I know from speaking to

48
00:02:39,320 --> 00:02:42,480
Speaker 2: the Jewish community that many in that community have felt

49
00:02:42,720 --> 00:02:46,800
Speaker 2: singled out by some of the rhetoric coming from politicians

50
00:02:46,840 --> 00:02:50,200
Speaker 2: in our parliament. There is no place for anti Semitism

51
00:02:50,320 --> 00:02:53,640
Speaker 2: in New Zealand. Every Jewish person in this country deserves

52
00:02:53,680 --> 00:02:54,480
Speaker 2: to feel safe.

53
00:02:54,960 --> 00:02:57,520
Speaker 1: You've got the hay for coming out this week. And

54
00:02:58,200 --> 00:03:00,120
Speaker 1: while everyone reckons you're going to push a serpl so

55
00:03:00,200 --> 00:03:02,000
Speaker 1: I mean we did this, will you push the surplus

56
00:03:02,040 --> 00:03:03,880
Speaker 1: out or not dance last week? So we won't do

57
00:03:03,880 --> 00:03:07,920
Speaker 1: it again this week? But do you have any do

58
00:03:07,960 --> 00:03:10,400
Speaker 1: you have anything you want to say about that? Because people,

59
00:03:10,560 --> 00:03:12,680
Speaker 1: I think people are expecting it now, Minister.

60
00:03:12,840 --> 00:03:17,000
Speaker 2: You see, well there's one sleep to go and tomorrow.

61
00:03:17,160 --> 00:03:20,320
Speaker 2: What I get to set out is the government's continued

62
00:03:20,400 --> 00:03:23,800
Speaker 2: path back to surplus, our path to bending the debt

63
00:03:23,840 --> 00:03:27,720
Speaker 2: curve down, all of which can be achieved with ongoing

64
00:03:27,760 --> 00:03:31,919
Speaker 2: fiscal discipline. Importantly, I also get to update the Treasury's

65
00:03:32,000 --> 00:03:34,960
Speaker 2: economic forecasts, and that's what shows the picture for more

66
00:03:35,080 --> 00:03:39,360
Speaker 2: job creation and come growth into the future, people doing better.

67
00:03:40,080 --> 00:03:43,920
Speaker 2: And then on Thursday we get the actual update to

68
00:03:44,000 --> 00:03:46,760
Speaker 2: what's happened in the economy over the past few months

69
00:03:46,800 --> 00:03:50,560
Speaker 2: and all the signs from economists, including my own, that

70
00:03:50,600 --> 00:03:54,240
Speaker 2: we actually grew faster in that September quarter than anyone

71
00:03:54,320 --> 00:03:55,920
Speaker 2: was previously prepared to predict.

72
00:03:57,160 --> 00:04:01,280
Speaker 1: Right, let's talk about the debate. It's I'm calling it

73
00:04:01,320 --> 00:04:04,240
Speaker 1: a weird debate because it seems it's gone on too long. Like,

74
00:04:04,360 --> 00:04:06,600
Speaker 1: just do it, or just shut up a bit.

75
00:04:07,480 --> 00:04:11,360
Speaker 2: I'll look home with you, Ryan. We've booked a venue.

76
00:04:11,520 --> 00:04:13,560
Speaker 2: All that matters to me is there's a moderator. The

77
00:04:13,560 --> 00:04:16,200
Speaker 2: tax payers Union can live with that, all media can

78
00:04:16,240 --> 00:04:19,360
Speaker 2: be there, happens this week so that we can get

79
00:04:19,400 --> 00:04:21,800
Speaker 2: it done. I'm up for it. But look, it seems

80
00:04:21,800 --> 00:04:24,719
Speaker 2: that there's all sorts of coming and going from the

81
00:04:24,720 --> 00:04:27,520
Speaker 2: other side. Frankly, if they don't want to have the debate,

82
00:04:27,560 --> 00:04:28,080
Speaker 2: that's on them.

83
00:04:28,400 --> 00:04:31,480
Speaker 1: So so what was what moderators did you agree to?

84
00:04:31,520 --> 00:04:36,680
Speaker 1: You agreed to the Bank the Cameron Bagriy, Winston Peters

85
00:04:36,920 --> 00:04:39,280
Speaker 1: and they won't agree to that or something like that.

86
00:04:39,320 --> 00:04:43,440
Speaker 2: So yeah, we said, look, cam Bag, refine, Winston Peter's fine,

87
00:04:43,520 --> 00:04:47,240
Speaker 2: Toby manheih, fine, that doesn't really matter to us. The

88
00:04:47,320 --> 00:04:49,280
Speaker 2: key thing is I didn't want the timing to clash

89
00:04:49,360 --> 00:04:53,120
Speaker 2: with the release of GDP economic data on thusday, and

90
00:04:53,160 --> 00:04:55,279
Speaker 2: that I thought it was important that all media be

91
00:04:55,360 --> 00:04:58,039
Speaker 2: able to cover the event. Other than that, I don't

92
00:04:58,040 --> 00:04:58,440
Speaker 2: really care.

93
00:04:58,480 --> 00:05:00,560
Speaker 1: Let's do it, Okay, Well they wanted to have it

94
00:05:00,600 --> 00:05:02,760
Speaker 1: on this program, So did you not agree to that?

95
00:05:02,839 --> 00:05:03,960
Speaker 1: What's wrong with this program?

96
00:05:04,480 --> 00:05:07,360
Speaker 2: Look, I'm an equal opportunity player and I didn't want

97
00:05:07,360 --> 00:05:10,240
Speaker 2: to preference one media outlet over another. There was interest

98
00:05:10,240 --> 00:05:12,920
Speaker 2: from everyone. TV and Z wanted to host.

99
00:05:12,600 --> 00:05:17,680
Speaker 1: It, stuff wanted to host Who cares.

100
00:05:16,480 --> 00:05:19,839
Speaker 2: New Zealand even put in a y me.

101
00:05:20,000 --> 00:05:22,880
Speaker 1: You got radio, you got online, you got streaming, you

102
00:05:23,000 --> 00:05:25,520
Speaker 1: got you got everything under the sun, all handed to

103
00:05:25,560 --> 00:05:26,880
Speaker 1: you on a plant Minister.

104
00:05:27,120 --> 00:05:29,680
Speaker 2: And well, I'd certainly want you to be covering it,

105
00:05:29,760 --> 00:05:33,159
Speaker 2: that's for sure, which is partly why we rejected the

106
00:05:33,160 --> 00:05:35,240
Speaker 2: idea of just doing it, for example, on the platform.

107
00:05:37,040 --> 00:05:39,120
Speaker 1: Let everyone did the platform get in there with a

108
00:05:39,160 --> 00:05:46,200
Speaker 1: bid too. Yes, did anyone not come in with a bid, Not.

109
00:05:46,160 --> 00:05:48,880
Speaker 2: That I'm aware of. There was, There was widespread interest.

110
00:05:49,400 --> 00:05:52,080
Speaker 2: And look for me, you know, I want it to

111
00:05:52,080 --> 00:05:54,840
Speaker 2: be about the substance, which is that I have very

112
00:05:54,880 --> 00:05:59,000
Speaker 2: good answers to a lot of the half bait attext.

113
00:05:59,080 --> 00:06:02,279
Speaker 2: We'll have to be that particular lobby group mate, and

114
00:06:02,320 --> 00:06:06,440
Speaker 2: I would re relish the opportunity to give them rebuttal

115
00:06:06,480 --> 00:06:07,080
Speaker 2: in real time.

116
00:06:07,160 --> 00:06:08,760
Speaker 1: We'll have to take you with for I suspect this

117
00:06:08,800 --> 00:06:10,320
Speaker 1: thing is not going to happen. It's going to be

118
00:06:10,360 --> 00:06:14,160
Speaker 1: for anyway, let's talk about that. So Avatar, by the way,

119
00:06:14,160 --> 00:06:16,719
Speaker 1: I saw you at the premiere, you looked fantastic in

120
00:06:16,800 --> 00:06:21,960
Speaker 1: the frock gown whatever it was, in the walking down

121
00:06:22,000 --> 00:06:26,880
Speaker 1: the red carpet. So that's great. What about what about

122
00:06:26,880 --> 00:06:27,320
Speaker 1: thank you?

123
00:06:27,360 --> 00:06:30,960
Speaker 2: Thank you, run, thank you. This is totally what I

124
00:06:31,000 --> 00:06:32,280
Speaker 2: was expecting in my interview.

125
00:06:32,279 --> 00:06:38,400
Speaker 1: This the rebate situation though, So James Cameron saying, you know,

126
00:06:38,600 --> 00:06:40,800
Speaker 1: this is good, but we could do more. Does he

127
00:06:40,880 --> 00:06:42,800
Speaker 1: have a point, because if it works, then you want

128
00:06:42,800 --> 00:06:43,880
Speaker 1: to be competitive, don't you.

129
00:06:45,200 --> 00:06:48,160
Speaker 2: Well, look, we have made a confirmation that we're going

130
00:06:48,200 --> 00:06:50,920
Speaker 2: to continue that rebate, and that involved a big commitment

131
00:06:51,080 --> 00:06:53,880
Speaker 2: in this year's budget, and I've listened to the sector

132
00:06:53,920 --> 00:06:56,120
Speaker 2: who said to me, look, you need to make some

133
00:06:56,200 --> 00:06:58,719
Speaker 2: tweaks to this monaster if you want to attract more

134
00:06:58,760 --> 00:07:03,040
Speaker 2: international productions. We made some changes a few weeks ago

135
00:07:03,080 --> 00:07:06,600
Speaker 2: that have been welcomed by the sector and which actually

136
00:07:06,600 --> 00:07:09,600
Speaker 2: the Film Commission have told me has led to more

137
00:07:09,640 --> 00:07:13,400
Speaker 2: expressions of interest very rapidly following those changes. So look,

138
00:07:13,520 --> 00:07:16,480
Speaker 2: we're a listening government. We want the film sector to

139
00:07:16,560 --> 00:07:19,120
Speaker 2: succeed here and we'll make sure that those settings are

140
00:07:19,120 --> 00:07:22,880
Speaker 2: working to ensure we get international productions coming here, creating

141
00:07:22,920 --> 00:07:25,960
Speaker 2: keyw jobs, creating big Kiwi incomes. That's what we want

142
00:07:25,960 --> 00:07:26,280
Speaker 2: to see.

143
00:07:26,280 --> 00:07:28,480
Speaker 1: Brilliant. Hey minister, this will be our final chat for

144
00:07:28,520 --> 00:07:31,600
Speaker 1: the year. Well, I'm off on Thursday. You'll be off

145
00:07:31,760 --> 00:07:34,280
Speaker 1: whenever you're off. What are your plans this summer?

146
00:07:35,200 --> 00:07:37,840
Speaker 2: Well, I'm very fortunate. I'm going to go to Riversdale

147
00:07:37,880 --> 00:07:40,760
Speaker 2: Beach on the Widded Upper Coast with our kids and

148
00:07:40,840 --> 00:07:43,640
Speaker 2: they'll be doing surf life saying, I'll be reading a

149
00:07:43,640 --> 00:07:46,040
Speaker 2: couple of novels and maybe having a gen T or two.

150
00:07:46,920 --> 00:07:51,040
Speaker 1: Enjoy well deserved rest. Nicola Willis, the Finance Minister for

151
00:07:51,160 --> 00:07:54,800
Speaker 1: more from Heather Duplessy Allen Drive, Listen live to news talks.

152
00:07:54,800 --> 00:07:58,000
Speaker 1: It'd be from four pm weekdays, or follow the podcast

153
00:07:58,080 --> 00:07:59,080
Speaker 1: on iHeartRadio