Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The issues, the interviews and the inside. Ryan Bridge on
earlier edition with one roof love where you live, News
Talk said, be good.
Speaker 2 (00:10):
Morning, six half five. Great to have your company. Let's
look at the export numbers. Dery still number one, but
tourism wants it's top spot back.
Speaker 3 (00:18):
Thank you very much.
Speaker 2 (00:18):
Louise Upston on the new tourism numbers this morning. Gavin
Gray in the UK, there's a growth downgrade for the Brits.
Speaker 3 (00:24):
What's changing with your power bill?
Speaker 2 (00:26):
And we've got bootcamp two point zero for bad kids.
Speaker 3 (00:31):
The agenda Wednesday, the fourth of March.
Speaker 2 (00:33):
Gold States preparing for more attacks this morning, especially the
Saudis are going after the wheel infrastructure. They had a
hit to the US embassy and read yesterday. Israel meanwhile
confirming strikes in Tehran, Beirute.
Speaker 4 (00:45):
There is a state of panic. There's state of complete
shock about what happened. People have fled in their pajamas.
They just roll their kids with them and some of
them have even a broads. There are very serious concerns
that what's happened this morning might be the start of
a very large military campaign.
Speaker 2 (01:07):
So after yesterday, Rubio is saying it was the Israelis.
It was Netanyahu that dragged us into this whole thing,
and we took the opportunity when we saw it.
Speaker 3 (01:14):
Ntnaho's laughing it off.
Speaker 5 (01:16):
I mean, that's that's ridiculous. Donald Trump is the strongest
leader in the world. He does what he thinks is
right for America. He does also what he thinks is
right for future generations. And frankly, we're partners in that
effort because I've devoted my life to securing the life
of the one and only Jewish state. And believe me,
(01:38):
it's been a struggle.
Speaker 3 (01:39):
To the UK.
Speaker 2 (01:39):
The Brits have had a budget, sorry, a growth forecast downgrade.
This is after their budgets twenty twenty six forecast down
to one point one percent, was one point four percent
last year. Rachel reevespinning it.
Speaker 6 (01:52):
I've always said that growth is for a purpose to
make working people better off, and I can confirm that
e P per person is set to grow more than
was expected in the autumn, with growth of five point
six percent over the course of this parliament. That compares
to a fool in GDP per capita in the last parliments.
Speaker 2 (02:15):
That person big thing to come out of bills and
Hills testifying over Epstein is.
Speaker 3 (02:20):
That they look old.
Speaker 2 (02:21):
Have you seen the photos? I suppose they are aging,
aren't they. But the other thing to come out was
the video that I've now released of Hillary storming out.
Speaker 4 (02:29):
I've done with.
Speaker 7 (02:30):
If you guys are doing that, I am done. You
can hold me in contemp from now until the cows
come home. This is just typical behavior. Oh for Heaven's
sad to understand how that's permissible.
Speaker 8 (02:43):
It doesn't matter.
Speaker 3 (02:44):
We are abiding by the same rules.
Speaker 5 (02:48):
Yeah, well, I would like to take a break at
this norm.
Speaker 3 (02:50):
I'd like to have died Grandma Cranky.
Speaker 1 (02:55):
Get ahead of the headlines on an early edition with
Ryan Bridge and one roof love where you live.
Speaker 3 (03:02):
News talks'd be nine two the number six.
Speaker 2 (03:04):
Would love to hear from you this morning, as I
always do. Hey, we've got the Global Dairy Trust. It
will starve us some good news. Global Dairy Trade auction
out overnight. It was up five point seven percent. They
just keeps going up and up and up.
Speaker 3 (03:15):
Doesn't it. This year.
Speaker 2 (03:16):
End of last year it was down, down, down, Now
it's up up, up, up five point seven percent. The
previous auction was up three point six one before that
six point seven. And you look at the things we
care about, butter up six point one percent and skim
milk powder this is where we make our money, and
the milk powders, so whole milk powder up four and
a half percent, skim milk powder up nine point one percent,
(03:39):
Mozzarella We celibate of that too, specially in China. Seven
point nine percent increase for them. So there you go,
good news for dairy farms. It might be why they
still maintain and retain the number one spot for our
export dollars. We'll talk about that with Louise Upston Layer.
I mean, tourism though, is coming back and they had
some very pleasing numbers which we'll share with you later
(03:59):
on the program before six on oil, and we will
talk a little bit about this this morning. In fact,
we'll talk about it quite a lot. But this one
hundred and twenty dollars a barrel number. So JP Morgan
had come out yesterday and said that if a worst
case scenario, if things go from bad to worse, and
bad to worse and bad to worse, we could hit
(04:19):
one hundred and twenty dollars a barrel. How many barrels
are physically disrupted, how long the disruption lasts. These are
all important things, of course, whether a credible replacement supply,
like you know, when the release your strategic reserves, how
quickly you can actually mobilize them and avoid the whole
thing clamping up and the log jam continuing. That's all
(04:41):
quite important. But this is from their report. They say,
we estimate that if the conflict lasts more than three weeks,
golf oil producers would exhaust storage capacity and would be
forced to shut production. Under this scenario, brink crew trade
could hit one hundred to one hundred and twenty dollars
a barrel. Now that is a day zone for us,
according to Kelly Echold from Westpac, I'll tell you why
(05:04):
in a few moments, Bryan Bridge, eleven minutes after five
lots more to come. We'll talk about the boot camps.
And it's not the same. So we had a boot
camp that didn't do very well, although there were some
if you look in the sort of fine print, there
were some good things that came out of it, but
you kind of had to look hard to see them.
(05:26):
But we're doing a two point zero version of boot camp.
It's not the same one. They heard the minister yesterday
saying we've had learnings. So we'll talk about those next
News TALKSB on.
Speaker 1 (05:37):
Your radio and online on Iheard Radio Early edition with
Ryan Bridge and one roof Love where you Live.
Speaker 3 (05:45):
News Talks EDB fourteen after five.
Speaker 2 (05:48):
So we're getting changes to our power bills that could
mean we get money back in our pocket.
Speaker 3 (05:52):
This is what they're telling us. Do we believe this?
Speaker 2 (05:55):
So the Electricity Authority is updating the rules and this
is what we're going to get. You can look forward
to on your power bill, a clearer bill plane language,
and a requirement that you're on the best plan for
your usage. Now is this really going to save us money?
And if they tell you that you're not on the
best plan for your usage, are you going to change?
(06:15):
Because half the problem is us, isn't it. We look
at our bills and we go on, it's expense. I've
got to hate them, and then we pay it they reckon.
There will also be a cap on how far back
energy companies can hit you with backdated charges, so we'll
find out more about that with the Utilities Disputes Commission
a few minutes rich first, though, Boot camps are back
for young offenders. This is the second pilot, starting Monday,
(06:36):
ten teenagers. Last time, six of the ten participants reoffended
while they were on the program. One of them died
in a car accident sadly.
Speaker 5 (06:45):
Now.
Speaker 2 (06:45):
A review acknowledged the extent of the reoffending, but also
noted the seriousness and the frequency of the offending had
reduced for those in the pilot when compared to a
control group. Aaron Hendry is use development worker and Kickback
co founder.
Speaker 3 (07:02):
With me this morning. Hey Aaron, heykub good thank you.
Speaker 5 (07:06):
So.
Speaker 2 (07:07):
Look, it's not perfect, but none of these things are is,
but it sounds like there might be a glimmer of
hope there.
Speaker 9 (07:14):
I think if we stood back and look at the
evidence and the expertise around, you know, what really works
for kids, we wouldn't be We wouldn't be going ahead
with another book can Basically, essentially, what we're trying to
do is make an already flawed child prison system work.
We're putting millions of dollars into this project for a
very small cohort of young people, and at the same
time we're pulling the resources out of the community that
(07:36):
are essentially needed to prevent children from needed to come
into the justice system in the first place.
Speaker 3 (07:41):
Where are the resources being pulled from these millions? Look, look,
what we're.
Speaker 9 (07:47):
Seeing, at least in the community is a real lack
of access to housing. There's a real lack of you know,
intensive support for FINO for children and the kickback the kids.
That kickback serves that these are the kids that are
on their pat way to the justice system, right These
are children that are experiencing homelessness, that are sleeping rough.
You know, the youngest we've met is nine. It's starting
(08:07):
to steal to survive, starting to get into really dangerous
situations and doing some pretty dangerous stuff. Right. There is
not the resources in the community right now to adequately
respond to those children with the speed that they need
that response. And that has gotten a lot harder over
the last couple of years. And so what our government
should be doing and have been advised to do, is
start to really invest in our community so we can
(08:30):
do that early intervention really really well. And where is
that where there is a need for you know, a
far more intensive reference support that that is done within
local communities, within final environments, and we provide the support
both the finer and to Thomitiki and Tongite. Right. One
of the concerning things I think we have around the
extend of the second boot camp, right, So we've extended
it now, so three months to six months. That's going
(08:51):
to be resource intensive. But what we know is where
the boot camp has failed is in the transitions. The
government knew this coming into it, where they struggle as
the trends of now that's that's the resources around housing support,
addressing poverty, addressing what's going with a final home, access
to disability support, finance for all those sort of things.
That investment supports early intervention and it supports transition, but
(09:13):
we aren't seeing a real significant increase in the resources
to go into that transition. We always know that in
a real secure environment like the you know, like the
book camps, like other child prison models, you're going to
reduce the fanisture in that short period of time while
they're in in the care.
Speaker 2 (09:27):
You mentioned a nine year old that you're looking after
that's stealing to survive or about to start stealing to survive.
What's where's why is where is the nine.
Speaker 3 (09:37):
Year old living? And why aren't they getting money? Yeah?
Speaker 9 (09:40):
Yeah, so we meet. We met a range of children, right,
so we had you know, almost twenty percent of the
children that we met over of the young people we
serve over last year, we're under fifteen, right, So these
are kids that they're FINO often really struggling in poverty,
housing and security, homelessness themselves. You know, many of the
(10:00):
children that we see coming through our doors that are
in those situations have some form of disability, whether form
of disability.
Speaker 2 (10:10):
Yeah, this nine year old, I mean, it's quite a
shocking example. You've raised this a nine year old. So
where's mum and dad? Where are they living?
Speaker 8 (10:18):
Yeah?
Speaker 9 (10:18):
Yeah, Look, I won't speak about like very specific circumstances,
but what I'll say in terms of the context of
the children that we about the context of the children
that we meet, including you know, kids as young as
there is that they're often the FINO themselves are in poverty,
they're often experiencing homesode, and they're not getting and many
many times the that we're talking and the families that
(10:41):
we're talking about really love their kids and are trying
to do the best they can to support them. But
there's real complex stuff happening for those children and the
support for the FINO just is not there. And know
I said before, you know that that concern around faced
and other disabilities. Some parents are just really struggling to
understand how can we support our child of all the
stuff that they've gone through and they don't have the
(11:03):
adequate support something from the children we're talking about I'm
going right now. Yeah, a looking like needing life long
support and those resources aren't in placeful.
Speaker 2 (11:11):
Okay, I've got to live there, Aaron, We've got to run.
Aaron Hendry, youth development worker, Kickback co founder Times nineteen
after five views and views.
Speaker 1 (11:18):
You trust to start your day. It's early edition with
Ryan Bridge and one roof Love where you.
Speaker 3 (11:25):
Live News talks that'd be twenty one.
Speaker 2 (11:27):
As I mentioned earlier, The Electricity Authority updating the rules
for your power bill, clearer bills, playing language, a requirement
that you're on the best plan for your usage. Neil
mallon is Utilities Disputes Commissioner and CEO of ME this morning, now,
good morning, Good morning Ryan. Will these make any difference
to what we're actually paying on the bills?
Speaker 5 (11:46):
Oh?
Speaker 10 (11:46):
Look, I think they will long term because what they
will do is reduce some of the inefficiencies in the system.
I think particularly for consumers who get caught up in
errors with their metering or their billing and face a
large back or they'll make a real difference of those consumers.
Speaker 3 (12:01):
Is it going to be.
Speaker 2 (12:01):
Easier for us to understand? I mean, they're pretty easy
to understand, now, aren't they.
Speaker 8 (12:06):
Oh?
Speaker 10 (12:06):
Look, I think I think there's difficulties between different retailers
understanding plans. We get a lot of complaints about, you know,
not understanding usage, not understanding how much people are paying
for their bills. I think having some standard things will
really help consumers. It will also promote switching, It will
reduce the complaints that come through to us when we
deal with them, and it we make it easier for
us to sort of resolve those complaints with consumers as well.
(12:28):
So I think they're positive changes.
Speaker 2 (12:30):
Neil, there's going to be a cap on how far
back the energy companies can hit you with a backdated charge.
Speaker 3 (12:35):
Do you deal with a lot of disputes about that.
How far back are we talking?
Speaker 10 (12:39):
Look, we're talking about it being reduced to six months,
which is a really big shift. We at utilities of
Sheets deal with around about fourteen thousand complaints a year,
and last year we dealt with abound one hundred and
two hundred complaints dealing with really specific backdoor issues. And
it doesn't sound like a lot, but the average bill
for a consumer was around two thy and three hundred.
(13:01):
That's for a household. For a business it was eighteen thousand,
and you're dealing with in some cases, people getting hit
with that bill in one go and it being deducted
from their account. So it's a significant change that we've
been pushing for for a couple of years. And to
be fair, some retailers have been really positive and worked
with utility spits to reduce the amount voluntarily that they
(13:21):
would go back, but we were seeing differences between retailers.
We were seeing consumers getting really impacted by this. So
we've been pushing for that change for the last couple
of years and it's positive to see it any right, Neil.
Speaker 2 (13:31):
Appreciate your time this morning, Neil mallon Utilities Disputes, Commissioner
and CEO. Time is twenty three after five, Ray and bread.
We'll wait and see where comes through when we get seaper.
Speaker 3 (13:40):
Does anyone think we're going to get cheaper power bills now?
The UK.
Speaker 2 (13:44):
We're had to Gavin Gray after News at five point thirty.
UK government is considering sending a Royal Navy warship to
the Mediterranean because you know, Cyprus, their RAF based there
was hat well, there was a couple of issues, one
of which was the runway at the air base was
hit by a couple of drones. The damage was only mine,
but the government so they're going to look at sending
(14:06):
HMS Duncan, a type forty five destroyer. Apparently the government
there wants more back up because of what's happening in
the Middle East, so they're going to send them some
air defense at least that's what they're considering. Gavin will
update us after five point thirty.
Speaker 3 (14:19):
News Talk, said b the early.
Speaker 1 (14:21):
Edition full show podcast on iHeartRadio how It By News
Talks AB.
Speaker 2 (14:27):
Five twenty six, News Talk said be most common question
I'm getting asked at the moment is with the Middle East,
when does it start to affect us here in New Zealand.
And I'm talking about the economy. If it's still going
in two or three weeks, then lots of countries, including ours,
will start to feel the pinch. This is not my words,
This is the economist. So we have about two or
three weeks of stocks of oil in New Zealand. I
(14:48):
know it's not a hell of a lot, is it,
Although that's more than what we did have. This government
actually changed the requirement Brent Crewe futures topped out at
eighty five dollars a barrel overnight. That's the highest it's
been in a eighteen months, JP Morgan. As I mentioned earlier,
they say we could hit one hundred and twenty. The
Iraqis are now pulling back on their production refineries in
(15:09):
Asia overnight, they, according to Bloomberg, thinking about cutting production
by twenty or thirty percent because of the humus log jam.
You've got tankers backed up, unable to port all this
stuff means delays. And our economy runs on oil and gas,
it runs on fossil fuels. It's a common misconception that
we don't in New Zealand because we generate so much
(15:31):
renewable energy. But that's generation eighty percent all thereabouts. People
often think that's the same as use. In fact, about
sixty percent of our energy supply of what we use
day to day, comes from fossil fuels. Did you know
that Kelly Echold from Westpac told me yesterday it's likely
petrol prices will go up for US. As of yesterday,
(15:52):
he estimated eight cents a liter at the pump within
a week or two. Now, oil prices at the moment
are actually, by comparison to recent is quite low. But
your one hundred to one hundred and twenty dollars barrel
forecast is key. That's the point at which our inflation
forecast would have to change, he reckons. And we know
(16:12):
what that means, don't we price is going up. Think
about how much of what you do in a day
driving a car, using a plastic pen, powering your business trucks,
getting food to supermarkets. Think about how much that uses oil.
We're dependent. And once you get those prices going up,
you get general prices going up, and then you get
the reserve banks back up, and then what is this
(16:34):
the event the hell that our recovery dies on. Please
don't don't don't freak out. Don't freak out. We're not
there yet. We're not there yet. National certainly will be
hoping not. But the ingredients are there, and the language
you have to say coming out of the White House
over the last twenty four hours. Isn't exactly helping to
allay our fears?
Speaker 9 (16:54):
Is it?
Speaker 2 (16:55):
R twenty nine minutes after five nine to ninety two
is the number to text? A lot of people tax
thinking about our social worker on the program earlier. Not
many of you happy with him, someone says at the
start of World War three.
Speaker 3 (17:10):
Oh, look, that's a question beyond my pay grade.
Speaker 2 (17:12):
I hope not. I really hope not. It wouldn't be
a good It wouldn't be a good thing, would it.
We'll go to Gavin Gray, he might know. He's our
UK europe correspondent. He's with us after News at five
point thirty and we'll talk to a little he's Upstate
about these numbers on tourism. A lot of growth happening
there and not just from the Aussies coming from China.
Speaker 3 (17:30):
To News TALKSB.
Speaker 1 (17:43):
The News you Need this morning and the in depth
analysis early edition with Ryan Bridge and One Room Love
where you Live.
Speaker 3 (17:51):
News Talks B twenty four away from six. Good morning,
great to have your company.
Speaker 2 (18:05):
We had two Louise Upston on the new tourism numbers
you've just heard about in the news that's coming Before
six we head to.
Speaker 3 (18:10):
Gavin Graham in the UK as well.
Speaker 2 (18:12):
There's a really interesting study that's come out this morning
from Massi University. This is their Massi University's Food Experience
and Sensory Testing Feast Laboratory, which sounds like a fascinating
place to work. It found that and I don't think
this will be a great surprise because it stands to reason.
But depending you can, as a human when you're drinking
(18:34):
cow's milk tell the difference in what the cow is
being fed. Apparently, so not only can you tell, and
apparently this is already well documented, the stage of lactation
at which the milk was extracted that will change the
flavor profile of the milk, So when it comes out
of the teath you can tell that. Apparently if you've
given a blind taste test, now we know that you
(18:56):
can also tell depending on where the cow's been grazing,
you can tell that there's taste difference as well. So
they had herds included cows grazing on standard pasture under
contemporary management. That's your herd. A. Then cows were fed
a diverse pasture under regenitaive regenitate, let's.
Speaker 3 (19:15):
Kip that word. That's your Herd B, and then there
was a.
Speaker 2 (19:19):
Herd C and they basically blind tasties for people and
they could tell the difference.
Speaker 3 (19:23):
But there you go.
Speaker 2 (19:25):
It is twenty three minutes away from six Bridge. Let's
go to Callum and Dunedin Modern Callum.
Speaker 8 (19:31):
It's actually Jamie.
Speaker 3 (19:32):
But hello Jamie. Tell us about the Forsyth Bar Stadium.
Speaker 11 (19:38):
Yeah, well, Duneedan City councilors are considering the fate of
the stadium. They set to decide whether to put more
money into it after warnings it's in a financial unsustainable position.
Doing nothing could see debt balloon from eighty five million
dollars to almost two hundred million by twenty sixty. Of course,
this just comes a month before competition ramps up for
(19:58):
the city with Christ Churches one zed stadium, of course opening.
The first option in today's report is council putting an
extra one point twenty five million into the stadium next
year and more the following year, reducing debt to thirty
seven million by twenty sixty. The second would inject two
point twenty five million dollars upfront. Believe less room for
unexpected costs.
Speaker 3 (20:19):
All right, how's weather.
Speaker 11 (20:21):
Fine with northeasterlies and a high of nineteen.
Speaker 2 (20:24):
All right, thanks Jamie Claire in christ Morning Claire, good morning.
You've got a landlord of North Canterbury yarn for us.
Speaker 3 (20:30):
Yeah.
Speaker 12 (20:31):
Well, this North Canterbury landlord has been ordered to pay
more than twenty nine thousand dollars. This is after she
rented out some unlawful sheds and shipping containers. The Tenancy
Tribunal has found that Madeline Fee had breached the Residential
Tenancy Act in multiple ways, including failing to ladge any
bonds for these so called homes, also seizing tenants goods
(20:53):
and permitting harassment. One tenant was living in a shed
that was nowhere near consented for residential use. The tribe
A found this woman actors intentionally she exposed her tenants
to harm. They rejected her claim that she was helping
desperate people, and it ruled that she was maximizing rental
income from what were non compliant properties. House weather fine
(21:16):
apart from a bit of a cloud about for Banks
Peninsula early today and again tonight at northeasterly is developing
and seventeen degrees.
Speaker 2 (21:23):
Thank Claire, Max and Wellington morning Max, good morning, you've
got a new type of parking warden raking in the cash.
Speaker 3 (21:29):
Yeah, so this is in the Hut Valley.
Speaker 13 (21:31):
Gone of the days of keeping an eye out for
a parking warden or checking for chalk on the tire
when leaving your car for a little while.
Speaker 3 (21:38):
Somewhere.
Speaker 13 (21:38):
The hud City Council making well over one hundred thousand
dollars more a month in parking fines since rolling out
license plate technology A year ago. Monthly parking enforcement revenue
was about two hundred and eighty thousand dollars in twenty
twenty four, it's now more than four hundred thousand dollars.
So the technology involves wardens. I suppose driving past camera
(22:00):
is affixed to their vehicles that can scan license plates
marry them up with the parking machines.
Speaker 3 (22:05):
It can also check wafts and regio's.
Speaker 13 (22:08):
A typical fine of one hundred and fifty dollars later
shows up in the post, often weeks after the fact.
Speaker 3 (22:14):
Stung me over Christmas.
Speaker 13 (22:15):
In fact, got a fine in the posts and couldn't
quite work out at first when and where because it
happened a month ago. The council says it's a new
technology that's made parking compliance more efficient, allowing its parking
team to cover a much wider area than possible on foot.
Speaker 3 (22:28):
That's just what we want, isn't it. How's your weather?
Speaker 13 (22:31):
Yeah, cloudy with some drizzle this morning, clearing later seventeen.
Speaker 3 (22:35):
Thank you, neighvas an Auckland morning never good morning.
Speaker 14 (22:38):
Sorry, I was a bit late to the studio. I
was having a wee chilly check check to a producer McKenzie.
She said she's had the same dream for the past
three nights where she woke up and it was the
nightmare really and where she was late for work, you know,
and the alarm didn't go off. So she's had that
same night meres three days in a row, probably at
about one am.
Speaker 2 (22:55):
Maybe that's because McKenzie there was a day not so
long ago where there did happen and we had to call.
So sorry to call you out on air, but I
know I would normally never do anything like that. But
because you've raised it, don't talk to Neva Kenzie and
she comes on here and spills the beans. Hey, you also,
(23:16):
could you help me with something struggled with regenerative regenerative yes, man,
and I think too hard.
Speaker 14 (23:27):
One, because you know, we wake up so early. It's
getting your mouth around those words regenerative, mind you, because
you not what it should be fair.
Speaker 7 (23:36):
That's where you pay the big bucks for goodness crying.
Speaker 3 (23:39):
Loads of people have been texting in about that story.
Speaker 2 (23:41):
It's a great yarn about what the milk tastes like
depending on what you're feeding it. And apparently this person
is that it was actually already confirmed in the film
Napoleon Dynamite. He was tasting milk in a competition, said
the cows have been eating onions and he can.
Speaker 14 (23:55):
Tell I don't like milkn't. It's a shame.
Speaker 3 (24:02):
Our weather today, nev.
Speaker 14 (24:03):
Fine, fine, you can just notice those southerlyes in the air,
a little bit of a bite, but beautiful clear Skys
twenty one is a high here in Autland today.
Speaker 2 (24:11):
Brilliant, thank you, eighteen minutes away from six News talks
they'd be. We'll get to Gavin Gray in the UK next.
There's been a bit of chatter lately about Kiwi savor.
You might have noticed government super retirement savings in general,
and we're all wondering what the landscape will look like
when it's our turn to stop work. That's why it's
good to know that your kiwisaver plan is working hard
now to gain the benefits of time, and that's where
(24:33):
Milford really proves its worth.
Speaker 3 (24:35):
Their investment experts.
Speaker 2 (24:36):
Are actively managing their clients' funds with a long term mindset.
Data from morning Star is very much worth noting. Milford's
kii Saver funds are number one for performance over the
past ten years and the active growth, balanced and conservative
categories that is proven long term consistency. You can look
for the numbers yourself. Check them out Morningstar dot com
(24:57):
dot au so let time and expert Pie work for you.
Check out Milford Asset dot com forward slash kiwisaver Past
performance not a reliable indicator of future performance. Milford Funds
Limited as the issuer of the Milford kiwisab Plan. Go
to Milford Asset dot com to read the Milford Kiwisabplan
Product disclosure Statement and Milford's Financial Advice Provider Disclosure Statement.
Speaker 1 (25:18):
International correspondence with Ensit Eye Insurance Peace of Mind for
New Zealand Business.
Speaker 2 (25:24):
Sixteen away from six fig at Silleries Upton on tourism
and a second first. The UK government considering whether to
send a Navy warship to the Mediterranean. This is after
what happened in Cyprus read the Middle East. Let's go
to Gavin Gray are UK europe correspondent, Gavin what are
they saying, Ryan?
Speaker 7 (25:39):
Were you timed as well? About ten fifteen minutes ago. Now,
the government did finally admit it was going to deploy
a Royal Navy warship to the Mediterranean, HMS Dragon. It's
a Type forty five destroyer is to be sent to
the region. And it comes after some pretty stinging criticism
from the Cypriot government about a lack of air defense
frankly from the UK. The Middle East War, of course,
(26:01):
continues to get worsip with seamen to Widen and the
Prime Minister says that he is sending helicopters with counter
drone capabilities to Cypress. Now there's a British Air Force
base on Cypress. But of course it was the Cypriotic
president who was so angry at the fact that one
of those drones from Iran was successful in damaging that
(26:24):
Air Force base, the ACRETII base. Now the government says
it caused minimal damage, but we're told it hit the runway.
That is pretty serious. If an RAF base. So the
Royal Navy currently has no major warship in the Mediterranean
region and the government looks like it's finally actually doing
something about that. And it follows reports that France was
(26:45):
going to move air defense systems to Cypress after the
British base was hit. You can imagine how embarrassing that
was as a prospect of having to be helped out
by France to guard our own troops.
Speaker 2 (26:55):
Now let's go to Rechel Reeves the forecasts that the
growth forecasts being downgraded. But she's spinning this as actually
not their bit.
Speaker 7 (27:04):
Yeah, absolutely, absolutely summed up perfectly. She's spinning this as
all going according to plan. However, the statistics don't quite
suggest that. Plus the fact of course she announces it
during the very week we've seen energy prices rocket because
of that Iran conflict. So we now get the economic
forecast this year economic growth has been downgraded from one
(27:26):
point four percent to one point one percent. That downgrade
has taken place in just three months and was calculated
before this military action. And it looks like as well,
UK unemployment will increase to five point three percent this
year before falling gradually. They're predicting to four percent and
(27:47):
inflation predicted to be two point three percent this year
but falling over the coming couple of years. The government
is saying its measures of stability are working. Other people
are saying, just look at the figures. How can you
say they are working. Either way, everything could be thrown
up in there depending on what happens with Eron.
Speaker 2 (28:07):
Appreciate your time, Gavin gray Are UK europe correspondent. It
is eleven away from six brand Bridge tourism well and
truly back in business. Total spend has hit forty six
point six billion in the year of March. That's up
three point three percent. Now overseas visitors spend this is
your foreigners coming here and having fun, jump seven percent
to eighteen point one billion. Eleven percent of the workforce
(28:27):
is tourism employed in the sector, so that's good. Louise
Upston tourism mister here to talk about the numbers. Louise,
good morning, Good morning Llan. That is good news. And
particularly the foreign visitors and the Chinese are coming back.
They're still not recovered from COVID right, yeah.
Speaker 8 (28:42):
So just the numbers that were released yesterday relate to
the period to March twenty five, so that is you know,
looking at historic data. But it's really great to see
strong recovery in international visitors because if you think about
what that means, more tourists means more customers for Kiwi businesses.
(29:03):
That's why we're seeing the jobs, the number of Kiwis
employed in tourism and hospitality increasing as well. That's exactly
what we want in terms of growing the economy.
Speaker 2 (29:14):
In terms of the Chinese numbers, have you seen in
the intervening period them coming back stronger?
Speaker 8 (29:20):
Definitely, so tourism businesses would say the Lunar New Year period,
which is just the last few weeks, has been particularly strong.
There were a number of changes that we made at
the end of last year around some visa settings that
have had a significant impact. One of them is that
if a Chinese person is in Australia and they have
(29:41):
an Australian visa, they can enter New Zealand visa free.
We think, and we're trialing that for twelve months. We
think that's had a really significant impact. So as we
see more data coming out, I'm very very positive that
we will achieve our target it of getting our visitor
numbers back to what they were pre COVID.
Speaker 2 (30:04):
We're still I mean, tourism was number one in terms
of expert export earnings pre COVID. We haven't returned it
to its mantle yet. Do you think that'll come soon
or do you think there is just given too good?
Speaker 8 (30:17):
Well, we're at number two at the moment, and we
do have an ambitious target to double the value of
tourism exports within the decade, and we've got a Tourism
growth roadmap that basically maps out how we do that.
But it is important. Export growth is important because it
directly means an increase in jobs for New Zealanders. Key
(30:41):
we businesses are growing and that means an increase in wages.
So that's why it is absolutely critical that we keep
our focus on growing tourism and I'm really really excited
to see that we're seeing results already.
Speaker 2 (30:54):
All Right, Well, appreciate your time this morning, Louise Upston,
the Tourism Minister. It is eight to six News Talk
h B and Mike is here with us.
Speaker 1 (31:01):
Next the first Word on the News of the Day
early edition with Ryan Bridge and One Route Love where
you Live News Talks.
Speaker 3 (31:11):
It'd be six to six News Talk, said be.
Speaker 2 (31:13):
Trump is meeting with mertzer Gym and Chancellor right now
at the White House, and he's given a little update
on the Middle East.
Speaker 3 (31:20):
That is coming along as you see very well.
Speaker 11 (31:23):
They have no navy.
Speaker 15 (31:24):
It's been knocked out, they have no air force has
been knocked out, they have no air detection has been
knocked out, their radar has been knocked out, and.
Speaker 5 (31:34):
Just about everything's been knocked out.
Speaker 3 (31:36):
He Trump says, my opinion is that Iran was going
to attack us.
Speaker 2 (31:40):
First, Ryan Bridge Mike in the studio morning, Mike, have
you sorted your leak problem out?
Speaker 15 (31:45):
I was thinking it's not a leak, it's a but
thank you for caring. I got the quote this morning.
Funnily enough, having talked to I'll give you the clue.
The electrician yesterday. Two options won't go round into the
background of your hang on. Why are we not going
into the background because too long and detailed catastrophic failure okay,
(32:06):
headline catastrophic.
Speaker 3 (32:07):
Failure, power failure. Oh yeah, yeah, the grids out, the
grids out. Okay.
Speaker 15 (32:13):
Anyways, quotes in this morning two options option number one
are cheaper, but isn't going to happen for a period
of time due to technical difficulties. Once again so complicated
that I won't explain.
Speaker 3 (32:27):
So in the meantime, there's no power.
Speaker 15 (32:29):
Oh no, this power, there's power. The main problem, Ryan,
the difficulty is, well, yesterday it was the swimming pool, lid,
wooden clothes. But the other problem is the three phase
aspect of the power problem.
Speaker 2 (32:41):
If you asked, as I watched Trump talk about war three, these.
Speaker 15 (32:47):
Important you asked, these are the important things? So the pool,
So fix that part of it. But it's three phase.
So you've got one phase, two phase and three phase.
Speaker 3 (32:55):
Do you understand this? This I can count? No, this
is reletive. Well you tell me how many phase are
you at your but for closing a poll? In no,
for power? How much?
Speaker 9 (33:03):
What?
Speaker 15 (33:04):
How many phases you're at your house?
Speaker 9 (33:05):
What do you mean?
Speaker 3 (33:06):
I have no idea exactly.
Speaker 15 (33:07):
So that's why this is important because if it goes
that's the first question in the last year. Is that
a two phase system? What have you got three phase?
Of course I've got three phases.
Speaker 3 (33:17):
Very complicated. It is complicated. It's down to why haven't
you got a one phase.
Speaker 15 (33:21):
Because then you've got no power. Phases are about capacity, Ryan,
So right. So anyway, so the three phase and the
critical part of the three phases that runs the SPA heater.
Oh exactly anyway, So option one's the cheap one, but
the equipment required to find the problem is not readily available,
so that'll be months. Phase two or option two is
(33:44):
the immediate fix. By putting even.
Speaker 2 (33:46):
More, how much is that tens of Oh wow tends
and the problem in the meantime is a poll that's
not heated.
Speaker 15 (33:53):
In some other stuff, I've embellished the story slightly, but nevertheless, anyway,
a simpleters this morning.
Speaker 2 (34:00):
From good I need to hear from him, MICUs was
your next Enjoy your Wednesday morning news Talks.
Speaker 3 (34:06):
It'd be.
Speaker 1 (34:10):
For more from early edition with Ryan Bridge. Listen live
to News Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.