Afternoon Edition: 28 October 2025

The Afternoon Edition of News Fix for 28 October 2025, straight from the Newstalk ZB newsroom - bringing you everything you need to know in news, politics, business, entertainment and sport.

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Episode Transcript

Speaker 1 (00:04):
Good afternoon, I'm railing Ramsey. This is your afternoon news
Fix four Tuesday, the twenty eighth of October. Labor will
run on a capital gains tax in the next election
despite years of failed attempts. Leader Chris Hipkins ruled it
out in twenty twenty three, but has now announced a
narrow version for twenty twenty six, excluding the family home.

(00:27):
He says it will be the most progressive tax change
in a generation. Housing has become a speculative ass yet
whilst families have been locked out of the dream of
home ownership. Nationals Nicola Winners says our taxes are working
and more won't help. International experts when they look at
our tax system say that it's actually a pretty good system.

(00:48):
If your answer to a problem in the economy is
just tax it more, you've actually got the wrong answer.
The Prime Minister's tarting the export potential from a Halal
Meet trade agreement with Malaysia. Chris Luxon and Malaysia's Deputy
Prime Minister have finalized plans for an upgraded deal. In
Kuala Lumpa, it's hosting world leaders discussing markets and international affairs.

(01:10):
Luxon says the deal now needs ratifying, but more portly
than it starts a series of audits that come down
and check out facilities that historically has been a little
bit at hok and we just want to tighten that up. Meanwhile,
the US presidents walked away from a meeting in Tokyo
with Japan's new prime minister, looking to have a deal
worth more than nine hundred and fifty billion dollars. Conservative

(01:33):
Asana Takichi is Japan's first woman leader. Discussions included trade
and security. Trump meets China's president in South Korea later
this week, looking for a trade war truce. The landlord
of Central Auckland boarding house, the Station Hotel, hasn't made

(01:53):
a two hundred and forty thousand dollar payment imposed over
safety risks. It was investigated by AMB after Wellington's fatal
Loafers Lodge fire. The building didn't have working extractor fans
or fixed heaters, Its fire escape had unstable metal platforms,
and some doors were bolted shut. The Station Hotel landlord

(02:15):
still ow's mb exemplary damages they were due are by
October eight. Fresh attention on rural parts reeling from last
week's storms Southland, Kluther and Kaikoda are still under states
of emergency and more than eight thousand properties in Southland
and Otago are still without power. Emergency Management Minister Mark

(02:37):
Mitchell told the country Powernet's mapping areas soon to be
reconnected so generators can be shifted between farms. We are
cons the fact that it's not just about looking the cows,
it's about chillers. It's about water in particular in trying
to get the power there to provide that support. The
cost of living for the average household isn't rising as

(02:57):
fast as overall consumer prices. It sunds that data shows
household inflation reached two point four percent in September. That's
compared to an overall rate of three two. Sport and
midfielder David Havili is happy to play his part in
developing the country's next top rugby stars during the All
Black fifteen All Blacks fifteen's upcoming Northern Tour. The thirty

(03:21):
year old is the oldest squad member and one of
eight capped All Blacks, Mainly full back Tom Trevoyevitch has
ended speculation around his future by signing an extension with
the NROL club through to the end of the twenty
twenty seven season. Questions remain about Liam Lawson's future in
Formula One, as Red Bull Racing provide another update on

(03:44):
their twenty twenty six driver lineup. That is your latest
news fix and we'll be back with the next update
tomorrow morning from the news Talk zb newsroom