Midday Edition: 10 December 2025

The Midday Edition of News Fix for 10 December 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 Malcolm Jordan and this is your midday
newsfix for Wednesday, the tenth of December. The Reserve Bank's
new governor says she's monitoring financial conditions after a major
bank surprise interest rate hike. Swap rates have risen since
the Reserve Bank appeared to all but rule out more
OCR cuts two weeks ago. West Pax Now passed on

(00:25):
that rise yesterday, lifting its longer term home loan and
term deposit rates. Governor Anna Breman says there's no preset
course for monetary policy conditions and she's keeping a close eye.

Speaker 2 (00:37):
Our focus will be to see how this affects households
and firms and businesses and if that is in line
with economic developments that we are expecting.

Speaker 1 (00:47):
Certified Builders as calling the government's massive RIMA overhaul brave.
It plans to replace current Resource Management Act laws with
two new pieces of legislation, one each for the environment
and planning. It slashes consenting requirements and council regulations, and
is expected to save thirteen billion dollars. Certified Builder's chair

(01:08):
Nick Farreley says it will be transformational. There's some crazy
inconsistencies between councils.

Speaker 2 (01:13):
Here are people that just no longer.

Speaker 1 (01:15):
Want to build or go ahead because it is worried
the costs and the never ending Will we get to
the end of the old irm may the education ministers thrilled.
Another Secondary Principles union has voted in favor of a
new collective agreement. About ninety nine percent of Secondary Principles
Association members accepted a settlement which includes a four point
sixty five percent base salary increase across thirty months. A

(01:39):
new fifteen thousand dollars NCEEA change implementation allowance is also included.
Erica Stanford says today's agreement is a result of mutually
constructive negotiations and bargaining in good faith. The PPTA also
accepted a payoffer last week. Tong Rio's second fire in
a month is being monitored today after it was fully

(02:01):
contained last night. Three ground crews, one tanker and a
helicopter remain at the fire ground today, and a ten
year rahue now applies to both affected areas to give
the monga and ecosystems time to recover. Labour's leader is
not impressed that Finance Minister Nikola Willis has agreed to
take part in a debate against Ruth Richardson. She's a

(02:23):
former finance minister and current Taxpayers Union chair. It comes
as the TPU plans to launch a campaign questioning Willis's
economic leadership. Hipkins suggests this debate shows deep divisions among
the National Party.

Speaker 2 (02:38):
I think it's Petsy in factury. I think she's got
better things to do with her time. I'm surprised that
she's decided that this is a priority for her. Surely,
getting people back to work and getting the economy growing
agenas what she should be really focused on.

Speaker 1 (02:51):
MB has inspected fifty three student homes in Duneda this year,
cracking down on damp and run down rentals, issuing twenty
three warnings and twelve improvement notices, with four cases needing
further enforcement. At Otago's Lake, Harwia is hosting our first
National Stone Skimming Championships next year, inspired by Scotland's long

(03:12):
running competitions to sport. Liverpool's claimed a one NUL win
over inter Milan and the European Champions League, putting behind
a tumultuous few days for the club. A group of
human rights campaigners is calling on FIFA's ethics Committee to
investigate the organization's president Gianni Infantino, over the awarding of
the inaugural FIFA Peace Prize to Donald Trump. And South

(03:35):
Africa has crashed to its lowest total and men's T
twenty internationals bowled out for seventy four and thumped by
one hundred and one runs by India. Inkuttock. I'm Malcolm Jordan.
That's your latest news fix. We'll be back with the
next update at five pm from the newstalk ZB newsroom.