July 20, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Monday 21st of July 2025, inflation figures are out today which will help paint a picture of how the economy is doing, ASB Senior Economist Mark Smith tells Ryan where he thinks the figure will land.
Andrew Alderson has the latest on the weekend's sport.
The Government's promised movement for six billion dollars worth of infrastructure projects, Civil Contractors NZ Chief Executive tells Ryan how the industry will react to all the jobs it will create.
Plus UK/Europe Correspondent Gavin Grey has the latest on thousands of Afghans whose personal details were leaked not expected to receive any compensation.
Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
early edition with ex Pole insulation, keeping Kimi Holmes warm
and tray this winter news talks.
Speaker 2 (00:11):
That'd be good morning and welcome to your Monday. It
is six minutes after five now coming up on the program,
our lead interview Inflation on the rise, but shouldn't stop,
ocr Katz, Thank goodness. We'll look at that. Just before
six this morning, Gavin Gray and the UK for us,
they're looking at beefing up laws to go after mass
casualty death events before an attack happens, which sounds smart.
Andrew's heir was Sport. The government's Infrastructure Blitz will look
(00:34):
at that. We'll have a Japan election update for you
and a Ukraine war update for you too this morning,
just gone six after five.
Speaker 3 (00:43):
The agenda.
Speaker 2 (00:44):
It is Monday to twenty first of July. Drone attacks
from Ukraine have closed Moscow's major airports, with at least
one hundred and forty flights canceled. Meanwhile, Zelensky proposing a
new round of talks. Just Lensky proposing at this point
the Kremlins says Putin's ready to move towards a piece steal.
Speaker 4 (01:01):
The fact that they are going to be meeting and
discussing things is a good thing, and it'll be interesting
to see as far as I know that, you haven't
announced the venue yet, whether it will be Turkey or
perhaps even the Vatican, because of course the Holy Father
has volunteered to get in the middle of the two
sides and mediate, and perhaps that could move things along
(01:22):
even further.
Speaker 3 (01:23):
I don't know.
Speaker 2 (01:23):
Ready to move towards is quite the caveat, isn't it.
To the election of Japan now not looking good for Ashiba.
This is the prime minister and its coalition after having
help power for seven decades. Exapole suggesting the Liberal Democrats
and their coalition set to lose majority in the upper
house of Parliament. They already lost remember in October the
lower house.
Speaker 5 (01:43):
The economy isn't very good. Prices have gone up and
people don't really feel like the government has done enough
to address this crisis. There is also the issue of
immigration and over tourism.
Speaker 2 (01:56):
Counting underway results full results tomorrow. The kiss can a
fair guys lost his job, Yeah, but awkward. His employer,
Astronomer said in a statement that their quote leaders are
(02:17):
expected to set the standard in both conduct and accountability,
and recently that standard was not met.
Speaker 3 (02:25):
Get ahead of the headlines on early edition with Ryan
Branch and ex Fole Insulation keeping Kiwi Holmes warm and
dry this winter news talk.
Speaker 2 (02:34):
Sa'd be great to be back with you for this
Monday morning. Should she not get fired as well? Because
she was head of HR. I mean that's a big
role of what are you saying that? Because he's the
big boss, he gets cops it but she doesn't. I
don't know. She takes two to tango, doesn't it? And
she's a leader in the company term, isn't she? I mean,
I'm not saying you should fire him, but if you're
(02:55):
going to fire him, then you surely have to fire
her too. Nine after five, Now the big blitz is on.
This is the infrastructure blitz? Is one paper caller yesterday
from the government or is it just a packaged up
re announcement of projects that we already knew were happening?
Six billion dollars worth of spades going in the ground,
they were telling us yesterday, and they called it, here's
the clue, an infrastructure update rather than an announcement. Clever
(03:19):
because it's not an announcement. It's a re announcement, but
it's an update, so good on them. We already knew,
for example, the Autachy Tilevin Expressway, already knew that was
starting in spring. Government's just re announcement. So is this
just performative rather than substantial? I think probably for the
most part. There's a reason they're doing this, though opposition's
been hammering them about coming in, pausing construction projects and
(03:42):
reevaluating everything. In the meantime, you work as a buggering
off to Australia where there is a pipeline of work
to go to. Recent infrastructure. New Zealand survey reckons in
the last year sixty five percent of firms have cut
staff and half said they had long workers to overseas markets.
So that is a real thing that's happening. And so
(04:05):
you know, you got the labor and the green saying well,
part of the reason for the brain drain, part of
the reason for people fleeing New Zealand going to Australia
is the government pausing stuff. And this is the problem.
When you try and solve problems, you create new ones,
don't you. And trying to re scope or get better
value for money or cut the bloated budgets of big projects.
(04:26):
You cause delays and you lose your pipeline of work.
Same goes for housing. Did you see this at the weekend.
At the weekend we saw more reports of homelessness and
no one wants to see that. Not good, But that's
because everybody was up in arms about dodgy you know,
gang run or gang infected emergency housing units and your
unruly tenants at caring order. You try to fix that up,
(04:48):
You kick them out, you tighten the rules, whatever, you
make homelessness worse. In trying to stop one problem, you
sort of end up creating another, don't you. It is
eleven after five, Ryan Bridge showing me up niggas. We'll
get to Andrew Ordison, he's here with Sport. We're also
going to talk to Alan Pollards. This is on the
infrastructure thing civil contractors in New Zealand. Do we have
(05:11):
you know, all this works kicking off before Christmas? Do
we have the workers here to get the job done.
That's ahead news and views you trust to start your day.
Speaker 3 (05:21):
It's earlier.
Speaker 1 (05:22):
This ship with Ryan Bridge at ex Bowl Insulation keeping
Kiwi Holmes Ward and Dry.
Speaker 3 (05:27):
This weinter news talks.
Speaker 2 (05:29):
The'd be you're on news talks, there'd be just gone
thirteen minutes after five. Quick update on the RSA. This
is the Return Services Association. They've suspended a couple of
their local branches this over unpaid fees. So they're having
big cash flow problems at the RSA, well some of
them are anyway, and they're not paying their subs to
the national body. Twenty four associations is according to reporting
(05:51):
by A News Talks b this morning, twenty four associations
over combined one hundred and eighty grand twenty eight percent
of their annual take from fees. Now they're the problem.
They've got fifty one clubs, which again is twenty eight percent.
Also not disclosing their poppy appeal return from April. Now,
they're not suggesting that anybody's doing anything untoward here. They're
(06:13):
just withholding some of them, they say, withholding their subs
because they have cash flow problems and that's the first
thing that you get stingy on. So they're basically cracking
down saying we'll suspend you and we will potentially cut
you off and kick you out if you don't pay up.
Fourteen after five Bryan Bridge. Finally, the government's promised boots
(06:35):
on the ground for the six billion dollars worth of
infrastructure they announced yesterday. Construction due to start on projects
like hospital units, schools and roads between now and Christmas.
They reckon four and a half thousand jobs will be
created per billion dollars spent. Alan Pollard is Civil Contractors
New Zealand Chief executive Allan, Good morning R. Now, did
(06:55):
we know the timeline the start date for these projects already?
Some of them? We did? But was this announcement useful?
Speaker 6 (07:04):
Well, I think I was useful. We certainly knew the
projects are coming, but we didn't really have any clear
invocation when just as they said, the shovels make it
on the ground. So it's very helpful to know that
within a very short time a bit of work coming
to market.
Speaker 2 (07:18):
Is the industry ready for it, Can we you know,
scale up, get the people back that we've fired or
is it very ready to go? Now?
Speaker 6 (07:25):
Well, we do have capacity and now the industry has
been understrained though, as you've noted for about the last
twelve months and a cross construction we've lost about fifteen
thousand workers. So you know there is some capacity to
so can't work. It is going to be challenging though.
You know that's that over time, as more and more
proteins come to market, it's going to be quite difficult
to find people.
Speaker 2 (07:47):
So when do you envisage that we might hit a
crux point in terms of staffing and workforce, Well, it very.
Speaker 6 (07:54):
Much depends on when the projects are scheduled. But if
you look at the governments and to plans, the land
transport plans and local government plans, there are a lot
of infrastructure investment needed and coming probably over the next
eighteen to twenty four months, so we're going to have
to scale up quite quickly.
Speaker 2 (08:12):
The Chris Bishop says that there's you know, the National
Infrastructure Pipeline, which is by Infrastructure Commission managed by them.
They are showing planned future works totaling two hundred and
seven billion dollars across central, local government and private sector.
Is that all lined up, paid for dates ready or
(08:32):
is that all just a bit vague at this point.
Speaker 6 (08:36):
That's all sort of and anticipated through the various planning processes,
not necessarily funding undocated at also, and that's our challenge
that it's a very healthy pipeline that work that's coming
into the future. In terms of the health of the
civil industry in particular, we need to have proteins coming
to market now. So that's why this announcement is actually
(08:57):
very timely.
Speaker 2 (08:59):
Brilliant your time this morning, Alan Polo to executive at
several contractors in New Zealand. Time of seventeen minutes after five.
Andrew Orlison is here. Would sport lots to talk about
had the warriors yesterday, had the all black Slot's talk
to him about this morning.
Speaker 1 (09:12):
He's next Bryan Bridge on early edition with ex bowl insulation,
keeping kiey homes warm and try this winter news talks.
Speaker 3 (09:21):
That'd be good morning.
Speaker 2 (09:22):
Just got nineteen and alfter five we'll get our inflation
number for quarter two out today. We'll talk to ASB
Bank just before six about that. Right now. Andrew Ordison's
here with Sport. Andrew, good morning. Greeting's right, and we
start with the Open Golf which is coming to a
conclusion in Northern Ireland.
Speaker 7 (09:35):
It sure is so leading the way.
Speaker 8 (09:37):
Scotti Scheffler World number one hasn't picked up this one
hasn't got it as part of his repertoire as yet,
but it's not far away, So a couple of holes out,
he's leading seventeen hunder par, five stroke lead over Chris goddr.
Speaker 7 (09:50):
Up and Harris English.
Speaker 8 (09:52):
And it's looking pretty convincing from Scotti Scheffler, particularly over
the last few hours. He's always been in touch in
the first round. But yeah, it's just emphatic really and.
Speaker 7 (10:02):
Royal Port rush.
Speaker 8 (10:03):
I mean, it's been wonderful scenes seeing that on the
on the northern Irish coast over the last few days.
Speaker 2 (10:09):
But no New.
Speaker 8 (10:10):
Zealanders involved over the last couple of rounds, both missing
the cut and the from Ryan Fox and Daniel Hilly.
Speaker 2 (10:14):
It's funny now whenever I hear about Chief and I
just think about the fact that he may not actually
want to win. Maybe that's why he's winning.
Speaker 7 (10:23):
Well, that's the thing that the mind relaxes and the
body follows.
Speaker 8 (10:27):
Who knows, it's just he's just in a word of
his own and in the world of golf at the moment.
Ryan and yeah, this will be his fourth major title.
I think just missing the one might be the pe
u Is Open he's missing, so yeah, it almost got
that career Grand Slam as well. If he's able to
pick this up in the last couple of holes.
Speaker 2 (10:44):
And Helleseema saves today for the Warriors.
Speaker 8 (10:46):
Hello, this is I mean, if anyone out there hasn't
seen that, this is a tremendous cry of field goals
basically been charged down, et cetera. But the ball has
landed in Hello SEMA's hands and he's done exactly what
to do with it. He's run about forty meters ryan
and has scored and the Warriors have won twenty fifteen
over the night, so they've really pulled that one out.
Speaker 7 (11:08):
They've secured or solidified fourth spot on the ladder again.
Speaker 8 (11:11):
Now they think they're on thirty points with the Melbourne
Storm just fall behind the Raiders who led him the way.
But this still happens when the team is on a
roll and the Warriors have just really nailed this, and
he's a star of I think he's still only nineteen leaguer,
Hella Seema, so he's going to be in some demands.
Speaker 2 (11:29):
A legendary try.
Speaker 7 (11:31):
Yes, it really is.
Speaker 2 (11:32):
And before that, were they performing what subpar? Or they
all right?
Speaker 7 (11:35):
Yeah, mitke showing for what I can gather.
Speaker 8 (11:38):
The Warriors on a few chances, they've basically they haven't
really capitalized, but had the Seema that's a big match
player right there, being able to seize the moment.
Speaker 2 (11:48):
And the AB's got there in the end they did.
Speaker 8 (11:50):
I was probably more fascinated with just the depth of
France actually missing all those players being able to come
down and written off in many ways before the series,
but they've and they put together composite side, the best
side for that final test and.
Speaker 7 (12:04):
Challenging the All Blacks, I mean all Blacks.
Speaker 8 (12:06):
I don't think the works played badly at all, really,
but I think the French depth that New Zealand should
be concerned about that A couple of years up from
the World Cup, I mean, frances six Laces champions, et cetera.
Speaker 7 (12:16):
They're clearly one of the best, if not the best
team in the world at the moment. But Nick's probably
Saith Africa.
Speaker 2 (12:22):
Yeah, I suppose the idea was that we were trying
to increase our debt at the same time.
Speaker 8 (12:25):
Yeah, yeah, that's right, and it's after me coming out
out of Super Breaking. Robertson has played a few cards there,
there's a few injury concerns, but I thought I thought
the French that was a pretty good showing and made
for a reasonable series. I know they lost three nil,
but two of those tests they were well in the hut.
Speaker 2 (12:41):
Yeah, brilliant, Andrew. Thank you. Look to your open Golf
updates throughout the morning.
Speaker 7 (12:46):
I am looking forward to this last couple of holes.
Speaker 2 (12:48):
Andrew was for twenty three minutes after five on your
Monday morning. Coming up next in CA. Did you see
the story at the weekend about n ce A and
if you've been through the NCAA system. I went through
it when I was at high school, and every time
there's a headline about INCA, I kind of go, yeah,
we need to fix it. But also, what if your
(13:09):
only qualification is INCA and it's now being bagged in
the news every day? That kind of sucks. Anyway, we'll
talk about that next the early.
Speaker 3 (13:17):
Edition Full the Show podcast on iHeartRadio Power by News.
Speaker 2 (13:21):
Talks IV News Talks AB twenty five minutes after five
on your Monday morning. If we could mark in CA
or even INCA level one, would we even give it
an achieved, let alone a merit or an excellence. We
heard it the weekend about an Errow report that's been
done for the government basically says the whole system's far
too flexible. Kids are scooping up credits from left, right
(13:45):
and center all corners of the classroom. Too broad, too flexible.
As a result, they're not being properly taught core subjects
and basic stuff, things you would expect that young people
are taught at high school. The government's looking at it,
always looking at it. But there was a number in
this report which I think should jump out for all
parents and teachers. Twenty two percent. Last year, twenty two
(14:11):
percent of nca results came from external assessment, which is
code language for exams, you know, actually going and sitting
down under the watchful eye of a teacher or an assessor.
The bulk of the credits that students got came from
internal assessment stuff like essays. This means you can basically
(14:33):
get away with using AI and all sorts of other
stuff to do the work for you. One in four
this is bad. One in four kids didn't bother sitting
the exams for subjects because they already had enough internal credits. Now,
I went through the NCAA system and this happened to
me too. But I would never dream of skipping, and
(14:55):
I would have been cobbed around the back of the
head by mum skipping an exam because I had enough
credits to go on. Clearly, something has to be done
about this. What hope do we give students if they're
not being taught the basics or they're not being assessed properly.
And until something is done about that, you'll keep getting
bad headlines. You'll keep getting bad aero reports about a
(15:17):
system that gets undermined. The qualification gets undermined every time
one of these headline rolls out, and kids rely on
these qualifications to get them through their working lives. That
doesn't seem very fair read twenty seven minutes after five
and not the kid's fault either. I should say, Hey,
I went to see Superman on the weekend. Excellent movie.
(15:41):
Just a really basic superhero plot, nothing fancy, nothing frivolous,
just a great movie and cinema was completely full. I
think we got one of the last few seats in
a big, full size cinema, last few seats there, and
I just thought it was great, just a easy watch. Nothing,
you know, it's not gonna nothing to write home about,
(16:02):
but it was worth going to see. Just a good
action hero superhero movie. Hey, Scott Besson strikes again. We've
spoken about him before. He's the Treasury sectory over in
the US, and this time he's he's sort of reasoned
with Trump over Jerome Powell. So obviously Trump has been
talking about firing Power or you know, he's been making threats,
particularly last week about him. And Scott Besson is the
(16:25):
sort of samee guy in the office. He talked Trump
down off the cliff over tariffs. Remember that he's a
Wall Street guy. He got the minerals deal done with
China to try and pull back some of the trade impass.
And so the Wall Street Journal now reporting not that
Trump trust them anymore privately that he said to Trump,
just ty Hoe on your attacks on Bessent? Will you
(16:48):
on Power?
Speaker 6 (16:49):
Will you?
Speaker 2 (16:49):
Because and Trump of course wants, you know, his debt
borrowing costs to go down. He wants the economic boost
from a rate cup from power and power saying no,
my job is inflation. And so apparently Scott besn't sept
in last week and said just pull back. You know,
you need an independent Reserve bank for goodness sakes, because
(17:10):
they need to be focused on inflation. That's their job.
You do your job, but they'll do their that was
a message from Besson and clearly it's gotten through. Coming up,
we'll talk about our inflation before top of the hour
and we'll get to our reporters next.
Speaker 1 (17:41):
The news you need this morning and the in depth
analysis earlier edition with Ryan Bridge and Expol Insulation keeping
Kiwi homes warm and dry.
Speaker 3 (17:50):
This winter news talk said me.
Speaker 2 (17:56):
Good morning, welcome to Monday, twenty four minutes away from
sixth grade, to have your company and good to be
back with you on a Monday morning. Inflation it's just
a sticky mess, isn't It's it's just something you can't
clean off yourself. Remember it was three years ago that
inflation peaked over seven percent. Three years ago, March we
(18:17):
were at March quarter two and a half percent. December
quarter we were at two point two. So we went
up for March. We're expected to go up again today
to two point nine percent, so we're touching cloth on
the three percent band for the rbn Z. However, we've
been told just calm the farm, don't worry. The RBNZ
will be able to look through this number and still
(18:37):
drop our mortgage interest rate will drop the OCR which
should hopefully drop the mortgage interest rates in August down
to three percent. So whatever happens today, we're barring any
shocks or nasty surprises. Then even though the number will
look bad, it won't be bad enough that we can't
(18:58):
keep cutting interest rates. What everybody wants to happen. In fact,
John Key last week did you see, came out and
said do one hundred basis points.
Speaker 7 (19:05):
Just hack the hell out.
Speaker 2 (19:06):
Of it because the economy is on life support. Twenty
three to six, Ryan Bridge, You're on News Talk c B.
Callum Proctor is our reporter into need in this morning. Callum,
Good morning morning, Ryan. Hey Gore, the war tap water
that residents were told not to drink still being told.
Speaker 9 (19:22):
Just waited a little bit. Yeah, that water alert's still
in place, Ryan. It comes after this routine testing on
Friday detected elevated nightrate levels in Gore's water supply. The
district council says lab results over the we can have
confirmed that the water is back within the maximum acceptable value,
but three days of positive tests are needed before they
(19:44):
can give the all clear for it to be approved
to be drunk again. Hydrants have been left running in
Gore for ours to assist with removing night track from
the network and there are still tankers set up across
Gore for locals who are advised to continue drinking bottled water,
but for not much longe longer, it seems okay. How's
the weather Gore pretty much the same as to need
(20:04):
and today mostly cloudy, one or two morning showers, but
find this afternoon south.
Speaker 2 (20:07):
Westerly is in the high twelve. Nice one callum, thank
you Clei's and christ Church good morning, Claire, good morning.
Nice to hear you in the morning again. Now the
Special Olympics coming to christ Church, there's potentially a venue issue.
Speaker 10 (20:21):
Well yeah, they're meant to be being hosted at the
part of Cuda Recreation and Sports Center. That's the new
facility that's still under construction at the moment and is
due to be open by December, which is when the
summer Special Olympics is meant to be held there. Now,
obviously there's some concern this part of Curde venue has
been delayed not once, but multiple times over the last
(20:42):
few years. City Council's now confirmed to us after an
official information request. Mind you, that part of Curre if
part of Curda, isn't able to be used they have
secured back up venues at Jolly Park and the Salwyn
Sports Center. Special Olympics Events Director Liz Fitzgerald, though says
she remains confident it will be in time, but they
do have to do due diligence in case. She says
(21:04):
they have had back up venues for more than a
year now, but they're hopeful they won't need to be used.
Speaker 2 (21:09):
Okay, and how's you wear the clear.
Speaker 10 (21:11):
Very frosty to start today, but should clear to mainly
find before a chance of a shower a bit later.
Speaker 11 (21:16):
Ten degrees.
Speaker 2 (21:17):
Thank you, Max's and Wellington Heymex. Good morning, welcome back,
thank you, good to be back. Now another counselor, you've
got another entrant for the mural race in Wellington.
Speaker 12 (21:26):
Yeah, interesting development, clearly a flow on effect from Ray
Chung email gate. This is a Diane Calvert now running
for mayor. Should clearly not seen a path of herself
until now because this is an ambition of hers. But
with her council colleague mister Chung's campaign and something of disarray,
she's decided it's time. She is a part of the
minority center center right lobby at council representative of Wellington
(21:48):
at the Wellingtonians who might have an issue with Andrew
Little simply gently strolling into office. Chung won't be happy
with this. His diminishing group independent together won't be happy either.
But it'll be interesting to see if any real money
gets behind Calvert. I think it might. She has been
critical of past decisions prioritizing cycle ways, over water housing,
(22:09):
critical of the government, the capital's distancing itself from central government.
Let's look at a city deal, she says, zero rates
rises for instance, not realistic, but let's not be so
cavalier with spending and putting it on the current generation.
Also worth noting, shout out an excellent weekend of sport
in Wellington Phoenix of course, shocking Wrexham, the Saints winning
(22:29):
a record thirteenth NBL title.
Speaker 2 (22:31):
Yeah, and your second big Caketon event for on the
two weeks on the trop We're on the app, you're
on the up. There we go and how's your weather?
Speaker 12 (22:41):
Mostly fine? Southerly's eleven?
Speaker 2 (22:43):
Nice one. Thanks Next, neighbors here in au contain.
Speaker 11 (22:45):
Neighbor, Good to see you beckon your normal seat.
Speaker 2 (22:47):
Great to be back, mischief. What's happening with Auckland councilors
got a spike and vehicles being illegally driven in public paths.
Speaker 11 (22:55):
Yes, stupid people, this one okay. So examples include cars
and quad like driven over sports fields, motorbikes and scooters
tearing up walking tracks, and also unauthorized BMX tracks built
in public reserves. Now Scott de Silver he is the
manager of Regional Parks. He says, look, this damage impacts
local clubs being able to use the fields, and repairs
(23:17):
can cost thousands of dollars. So you know they've got
to you know, like lay down soil, reced or regrass it.
So he's wanting the public help to get on top
of us. Stop it, stop doing this.
Speaker 2 (23:27):
You fear. When I was a kid, we used to
make illegal BMX tracks in the public, put in the
you know, in the bush. Oh you criminal, Yeah, but
you know it was good fun, although all my friends
had to be because the BMX is the smaller bikes
kind of cool ones. And then I always had a
giant mountain bikes. You must have fallen over all the
time on the tracks ever, doing these tracks and on
(23:51):
the st so did.
Speaker 13 (23:52):
You have what was there?
Speaker 11 (23:52):
Did you have a ten speed?
Speaker 6 (23:53):
Oh?
Speaker 2 (23:54):
No?
Speaker 11 (23:54):
What they have back in those days.
Speaker 2 (23:56):
With the shocks at the front, big mountain bikes. Oh yeah, anyway,
so I don't know if that's such, if that's a
terrible thing, But the rest of it is bad, isn't
it it is? And how's our weather? Neva?
Speaker 11 (24:06):
Fine, morning frost. I know the rest of the country.
We're going shut up Auckland, but we don't have morning frost.
And this week it is cold for us. It's currently
like three or four degrees so it's going to be
like this for the next two or three days. Wrap up, Well,
thirteen is a high here in Auckland.
Speaker 2 (24:21):
She's nippy. He's nippy, all right, nippy, thanks, Neva. Seventeen
away from six News talksb Gavin Gray out of the UK. Next,
Gavin's going to talk to us about you know, the
Southport issue we had last year and they went after
this guy and they realized actually he was planning some
sort of attack, some sort of mass casualty event. But
(24:41):
you cannot in the UK. This is the problem they're
trying to fix. You cannot go after someone just because
you know they're planning an attack. Does that make any sense?
Not really? Seventeen to six that's next. Good news for Milford.
This morning they've taken out the Consumer New Zealand People's
Choice Award Kiwi Saver for the Milford Kiwi sab Plan
and this this makes it eight years on the trop
(25:02):
for Milford. Well done. Now, there's also morning Star's latest
independent survey which you can find at Morningstar dot com
dot Au that shows that Milford's had the number one
performing key we Saver funds in growth, balanced and conservative categories.
For this is for returns over the past ten years.
All of this is down to Milford's expert team and
(25:23):
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(25:46):
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Speaker 1 (25:57):
Advice, International Correspondence with ins and Eye Insurance Feace of
Mind for New Zealand business.
Speaker 2 (26:04):
Kevin Gray is a UK you're a correspondent, Kevin. Good morning,
good evening to you hither an Now tell us about
this new criminal offense that you need to tag it
people who are preparing potentially preparing a mess killing event.
Speaker 13 (26:18):
Yeah, this is trying to tighten up the legislation over
those who are preparing to make an attack but actually
might not get around to it, or might be planning
it and might do it if they're not stopped. Now,
let's just take a look. If you remember those awful
stabbings at a Taylor Swift themed dance class in Southport
in the northwest of England nearly a year ago. The
(26:40):
man who is now in prison, Axel Ruda Bacana, seriously
injured eight girls along with two adults who tried to
stop a killer, but he did murder three little girls
with a knife. Now, had police found that he was
researching a target prior to the attack, they actually couldn't
have arrested and charged him with a serious offense. He
(27:00):
had no ideological motive linked to the definition of terrorism.
Speaker 3 (27:04):
What do I mean?
Speaker 13 (27:05):
Well, in other words, he wasn't saying I'm going to
do this on behalf of the iss or anything like that,
and therefore he couldn't have been charged. Now the government
has said, look, this is a bit of a gap
we think in obviously our legislation. So what we want
to do is even if somebody does not have any
clear ideology but is researching and has the power to
(27:27):
do such an attack, then we can treat them the
same as we would if they were a terrorist suspect.
And that involves a whole load of other legislation which
is much much stricter and allows people to be kept
in custody for longer to be questioned. So that's what
the government's now looking at, and terror suspects can take
steps towards an attack can now be jailed for life
(27:49):
if these plans go ahead, even if the attacker's plans
are not fully formed.
Speaker 2 (27:53):
In this data breaks we've been covering for the last week,
the data breaks involving f gens whose deep personal detail
else were made public. They wanting some of them on
in compensation.
Speaker 13 (28:04):
Ryan, this story just gets worse and worse. A data
leak that is likely to cost at least two and
a half billion New Zealand dollars a simple one person,
unnamed official making a mistake within the Ministry of Defense.
And we learned, of course at the start that there
were Afghans on this list who had tried to come
to the UK and they were wanting to come to
(28:26):
the UK because some of them had helped the Allied
forces with language interpretations, that translations, that sort of thing
during the Afghanistan War. Then we learned it was over
one hundred SAS and SBS special forces personnel along with
security personnel who were also on this list. And now
the government is saying, well, actually, do you know what
(28:48):
the thousands of Afghans, some of whose were personal details
were leaked but were not evacuated, will probably not receive compensation.
The Ministry of Defense is saying that they are going
to rule so bustly defend against an illegal action or compensation.
And that is the fear that because if they have
to compensate any Afghan individual who whether or not they've
(29:10):
tried to come to the UK, is another matter. Because
they were somehow on this list, then then they should
be inside of the big compensation. And indeed we are
already seeing the start of class actions with various solicitors
suggesting that those complaining get together for a sort of
class action, and that could make this an even more
expensive mistake, run.
Speaker 2 (29:31):
Very expensive mistake. I would hate to be the guy
that sent the email that now costs the government two
point five billion dollars. Kevin Gray are UK, you're correspondent
ten away from six, Ryan Bridge in place and figure
out today this is the quarter two expecting an increase.
But how big is the question? And how does the
Reserve Bank respond? Mark Smith, asb Senior economis with us
this morning. Mark, good morning, Good morning Ryan. What's driving that?
(29:52):
Is it domestic or imported?
Speaker 14 (29:55):
What we are seeing is really domestic complation is higher calling.
But what's really driving the tack up inflation is that
goods price inflation has been very low, but now that's
picking up. So that's what's driving the increase.
Speaker 2 (30:08):
Are we're saying, And what's driving that, well, a.
Speaker 14 (30:12):
Whole bunch of things. Really, what we're seeing is food
price inflation. Anyone going to the supermarket has really experienced that,
and some of the goods prices as well are picking up.
But really the key story I think for the Reserve
Bank is that domestic inflation is calling, but not quickly
enough just yet.
Speaker 2 (30:29):
And so what is that? Well, first of all, what
are you expecting today? What number?
Speaker 14 (30:34):
Yeah, we're about two point eight percent for the year.
It could be a bit higher than that, but I
think the key thing for now is that domestic inflation
is calling things like rents and construction costs inflation. They're
calling areas that with the large amount of sphere labor
capacity they're calling as well. But really that good sector
(30:55):
where we're starting to see a bit of a tack
up inflation. And that's that's really with focuses at the moment.
Speaker 2 (31:01):
Okay, so two point eight percent, if we land where
you think we will, the Reserve Bank can look through
it and still cut rates next month.
Speaker 14 (31:08):
Yeah, that's the hope. Really, that domestically generated inflation. I
think that's the area where you know, there's more spear
capacity appearing, and that's where inflation should come up in time.
Now For the Reserve Bank, really what they're going to
do is to try and look through the spike. Now
we expect inflation to publish slightly above three percent in
the middle of the year, I Q three, but then
(31:31):
to call after that. But really it's that speed capacity
is dominating and driving overall inflation light in time.
Speaker 2 (31:37):
What sort of number would we need to see today
for them to not cut do you reckon?
Speaker 14 (31:43):
I think anything around above three And also for those
domestic domestic they generated inflation rates for those to stop calling,
I think that for them would be a worry.
Speaker 3 (31:52):
Mark.
Speaker 2 (31:52):
Appreciate your time this morning, Mark Smith, as we senior
economists you're on news Talk said be that number coming
out at ten forty five this morning. Mike's here x
back from his time off the first Word on the
News of the Day early edition with Ryan Bridge and
x fol Insulation keeping Kiwi, Holmes Warm and Drey this
winter News Talks. That'd be it is five to six
(32:14):
now morning, Ryan. This is in regards to NCAA and
the assessments that they do because most of the young
people are being done by internal assessment rather than an
external exam, which is AI proof. Ryan, they should allow
you to get the internal credits, says Chris, but then
stop you from graduating unless you set the exam. I
think that's probably reasonable. Five to six. Ryan Bridge, and
(32:37):
Mike is back from some time off.
Speaker 15 (32:39):
Mike, welcome back, Thank you very much. What a waste
of time that report was, wasn't it. I mean, anyone
who's got any experience with NCA knows full well what
a wrought it's been and been for it. First of all,
any idiot can get level one. If you can't get
level one, something's seriously gone wrong. Either you've got a
learning difficulty, or you're not turning up at school or
the teachers are cramp hopeless. And then this internal assessment
(33:03):
thing that's been going on forever. Every one of our kids,
every single one of our kids piled up a bunch
of credits and they sort of finished school in September
and they said, I don't really need to do it
anymore because I've got.
Speaker 2 (33:15):
My eighty you know, yes, section credits. I did that,
But I would still go to the exam. And there's
no way I would never not turn up to an exam. Yeah,
but you're not like everybody else, and that for good
or bad. But at the end of the day, if
you need X number of cruits you need X number
of cruits. Think about it this way.
Speaker 15 (33:33):
You look at the kids, the way they've been dicked
around with COVID. They got locked down.
Speaker 2 (33:37):
It's not all their fault, of course it's not.
Speaker 15 (33:39):
But the look at class Look at what they're going
out into the world with the closer open classrooms.
Speaker 2 (33:44):
We like open classrooms. Oh wops, no we don't, Jenny,
Pigs will.
Speaker 15 (33:47):
Lock you down suddenly. The whole system you've spent your
entire education system with, we don't like any I have.
Speaker 2 (33:52):
To say the listeners are loving having you back. But
on a personal note, it's great to have the cleaner back.
Is what a pigs it was, What a disgrace. It
was disgusting. Like next see tomorrow.
Speaker 3 (34:07):
For more from Early Edition with Ryan Bridge.
Speaker 1 (34:10):
Listen live to News Talks it'd be from five am weekdays,
or follow the podcast on iHeartRadio.
The issues, the interviews and the insight. Ryan Bridge on
early edition with ex Pole insulation, keeping Kimi Holmes warm
and tray this winter news talks.
Speaker 2 (00:11):
That'd be good morning and welcome to your Monday. It
is six minutes after five now coming up on the program,
our lead interview Inflation on the rise, but shouldn't stop,
ocr Katz, Thank goodness. We'll look at that. Just before
six this morning, Gavin Gray and the UK for us,
they're looking at beefing up laws to go after mass
casualty death events before an attack happens, which sounds smart.
Andrew's heir was Sport. The government's Infrastructure Blitz will look
(00:34):
at that. We'll have a Japan election update for you
and a Ukraine war update for you too this morning,
just gone six after five.
Speaker 3 (00:43):
The agenda.
Speaker 2 (00:44):
It is Monday to twenty first of July. Drone attacks
from Ukraine have closed Moscow's major airports, with at least
one hundred and forty flights canceled. Meanwhile, Zelensky proposing a
new round of talks. Just Lensky proposing at this point
the Kremlins says Putin's ready to move towards a piece steal.
Speaker 4 (01:01):
The fact that they are going to be meeting and
discussing things is a good thing, and it'll be interesting
to see as far as I know that, you haven't
announced the venue yet, whether it will be Turkey or
perhaps even the Vatican, because of course the Holy Father
has volunteered to get in the middle of the two
sides and mediate, and perhaps that could move things along
(01:22):
even further.
Speaker 3 (01:23):
I don't know.
Speaker 2 (01:23):
Ready to move towards is quite the caveat, isn't it.
To the election of Japan now not looking good for Ashiba.
This is the prime minister and its coalition after having
help power for seven decades. Exapole suggesting the Liberal Democrats
and their coalition set to lose majority in the upper
house of Parliament. They already lost remember in October the
lower house.
Speaker 5 (01:43):
The economy isn't very good. Prices have gone up and
people don't really feel like the government has done enough
to address this crisis. There is also the issue of
immigration and over tourism.
Speaker 2 (01:56):
Counting underway results full results tomorrow. The kiss can a
fair guys lost his job, Yeah, but awkward. His employer,
Astronomer said in a statement that their quote leaders are
(02:17):
expected to set the standard in both conduct and accountability,
and recently that standard was not met.
Speaker 3 (02:25):
Get ahead of the headlines on early edition with Ryan
Branch and ex Fole Insulation keeping Kiwi Holmes warm and
dry this winter news talk.
Speaker 2 (02:34):
Sa'd be great to be back with you for this
Monday morning. Should she not get fired as well? Because
she was head of HR. I mean that's a big
role of what are you saying that? Because he's the
big boss, he gets cops it but she doesn't. I
don't know. She takes two to tango, doesn't it? And
she's a leader in the company term, isn't she? I mean,
I'm not saying you should fire him, but if you're
(02:55):
going to fire him, then you surely have to fire
her too. Nine after five, Now the big blitz is on.
This is the infrastructure blitz? Is one paper caller yesterday
from the government or is it just a packaged up
re announcement of projects that we already knew were happening?
Six billion dollars worth of spades going in the ground,
they were telling us yesterday, and they called it, here's
the clue, an infrastructure update rather than an announcement. Clever
(03:19):
because it's not an announcement. It's a re announcement, but
it's an update, so good on them. We already knew,
for example, the Autachy Tilevin Expressway, already knew that was
starting in spring. Government's just re announcement. So is this
just performative rather than substantial? I think probably for the
most part. There's a reason they're doing this, though opposition's
been hammering them about coming in, pausing construction projects and
(03:42):
reevaluating everything. In the meantime, you work as a buggering
off to Australia where there is a pipeline of work
to go to. Recent infrastructure. New Zealand survey reckons in
the last year sixty five percent of firms have cut
staff and half said they had long workers to overseas markets.
So that is a real thing that's happening. And so
(04:05):
you know, you got the labor and the green saying well,
part of the reason for the brain drain, part of
the reason for people fleeing New Zealand going to Australia
is the government pausing stuff. And this is the problem.
When you try and solve problems, you create new ones,
don't you. And trying to re scope or get better
value for money or cut the bloated budgets of big projects.
(04:26):
You cause delays and you lose your pipeline of work.
Same goes for housing. Did you see this at the weekend.
At the weekend we saw more reports of homelessness and
no one wants to see that. Not good, But that's
because everybody was up in arms about dodgy you know,
gang run or gang infected emergency housing units and your
unruly tenants at caring order. You try to fix that up,
(04:48):
You kick them out, you tighten the rules, whatever, you
make homelessness worse. In trying to stop one problem, you
sort of end up creating another, don't you. It is
eleven after five, Ryan Bridge showing me up niggas. We'll
get to Andrew Ordison, he's here with Sport. We're also
going to talk to Alan Pollards. This is on the
infrastructure thing civil contractors in New Zealand. Do we have
(05:11):
you know, all this works kicking off before Christmas? Do
we have the workers here to get the job done.
That's ahead news and views you trust to start your day.
Speaker 3 (05:21):
It's earlier.
Speaker 1 (05:22):
This ship with Ryan Bridge at ex Bowl Insulation keeping
Kiwi Holmes Ward and Dry.
Speaker 3 (05:27):
This weinter news talks.
Speaker 2 (05:29):
The'd be you're on news talks, there'd be just gone
thirteen minutes after five. Quick update on the RSA. This
is the Return Services Association. They've suspended a couple of
their local branches this over unpaid fees. So they're having
big cash flow problems at the RSA, well some of
them are anyway, and they're not paying their subs to
the national body. Twenty four associations is according to reporting
(05:51):
by A News Talks b this morning, twenty four associations
over combined one hundred and eighty grand twenty eight percent
of their annual take from fees. Now they're the problem.
They've got fifty one clubs, which again is twenty eight percent.
Also not disclosing their poppy appeal return from April. Now,
they're not suggesting that anybody's doing anything untoward here. They're
(06:13):
just withholding some of them, they say, withholding their subs
because they have cash flow problems and that's the first
thing that you get stingy on. So they're basically cracking
down saying we'll suspend you and we will potentially cut
you off and kick you out if you don't pay up.
Fourteen after five Bryan Bridge. Finally, the government's promised boots
(06:35):
on the ground for the six billion dollars worth of
infrastructure they announced yesterday. Construction due to start on projects
like hospital units, schools and roads between now and Christmas.
They reckon four and a half thousand jobs will be
created per billion dollars spent. Alan Pollard is Civil Contractors
New Zealand Chief executive Allan, Good morning R. Now, did
(06:55):
we know the timeline the start date for these projects already?
Some of them? We did? But was this announcement useful?
Speaker 6 (07:04):
Well, I think I was useful. We certainly knew the
projects are coming, but we didn't really have any clear
invocation when just as they said, the shovels make it
on the ground. So it's very helpful to know that
within a very short time a bit of work coming
to market.
Speaker 2 (07:18):
Is the industry ready for it, Can we you know,
scale up, get the people back that we've fired or
is it very ready to go? Now?
Speaker 6 (07:25):
Well, we do have capacity and now the industry has
been understrained though, as you've noted for about the last
twelve months and a cross construction we've lost about fifteen
thousand workers. So you know there is some capacity to
so can't work. It is going to be challenging though.
You know that's that over time, as more and more
proteins come to market, it's going to be quite difficult
to find people.
Speaker 2 (07:47):
So when do you envisage that we might hit a
crux point in terms of staffing and workforce, Well, it very.
Speaker 6 (07:54):
Much depends on when the projects are scheduled. But if
you look at the governments and to plans, the land
transport plans and local government plans, there are a lot
of infrastructure investment needed and coming probably over the next
eighteen to twenty four months, so we're going to have
to scale up quite quickly.
Speaker 2 (08:12):
The Chris Bishop says that there's you know, the National
Infrastructure Pipeline, which is by Infrastructure Commission managed by them.
They are showing planned future works totaling two hundred and
seven billion dollars across central, local government and private sector.
Is that all lined up, paid for dates ready or
(08:32):
is that all just a bit vague at this point.
Speaker 6 (08:36):
That's all sort of and anticipated through the various planning processes,
not necessarily funding undocated at also, and that's our challenge
that it's a very healthy pipeline that work that's coming
into the future. In terms of the health of the
civil industry in particular, we need to have proteins coming
to market now. So that's why this announcement is actually
(08:57):
very timely.
Speaker 2 (08:59):
Brilliant your time this morning, Alan Polo to executive at
several contractors in New Zealand. Time of seventeen minutes after five.
Andrew Orlison is here. Would sport lots to talk about
had the warriors yesterday, had the all black Slot's talk
to him about this morning.
Speaker 1 (09:12):
He's next Bryan Bridge on early edition with ex bowl insulation,
keeping kiey homes warm and try this winter news talks.
Speaker 3 (09:21):
That'd be good morning.
Speaker 2 (09:22):
Just got nineteen and alfter five we'll get our inflation
number for quarter two out today. We'll talk to ASB
Bank just before six about that. Right now. Andrew Ordison's
here with Sport. Andrew, good morning. Greeting's right, and we
start with the Open Golf which is coming to a
conclusion in Northern Ireland.
Speaker 7 (09:35):
It sure is so leading the way.
Speaker 8 (09:37):
Scotti Scheffler World number one hasn't picked up this one
hasn't got it as part of his repertoire as yet,
but it's not far away, So a couple of holes out,
he's leading seventeen hunder par, five stroke lead over Chris goddr.
Speaker 7 (09:50):
Up and Harris English.
Speaker 8 (09:52):
And it's looking pretty convincing from Scotti Scheffler, particularly over
the last few hours. He's always been in touch in
the first round. But yeah, it's just emphatic really and.
Speaker 7 (10:02):
Royal Port rush.
Speaker 8 (10:03):
I mean, it's been wonderful scenes seeing that on the
on the northern Irish coast over the last few days.
Speaker 2 (10:09):
But no New.
Speaker 8 (10:10):
Zealanders involved over the last couple of rounds, both missing
the cut and the from Ryan Fox and Daniel Hilly.
Speaker 2 (10:14):
It's funny now whenever I hear about Chief and I
just think about the fact that he may not actually
want to win. Maybe that's why he's winning.
Speaker 7 (10:23):
Well, that's the thing that the mind relaxes and the
body follows.
Speaker 8 (10:27):
Who knows, it's just he's just in a word of
his own and in the world of golf at the moment.
Ryan and yeah, this will be his fourth major title.
I think just missing the one might be the pe
u Is Open he's missing, so yeah, it almost got
that career Grand Slam as well. If he's able to
pick this up in the last couple of holes.
Speaker 2 (10:44):
And Helleseema saves today for the Warriors.
Speaker 8 (10:46):
Hello, this is I mean, if anyone out there hasn't
seen that, this is a tremendous cry of field goals
basically been charged down, et cetera. But the ball has
landed in Hello SEMA's hands and he's done exactly what
to do with it. He's run about forty meters ryan
and has scored and the Warriors have won twenty fifteen
over the night, so they've really pulled that one out.
Speaker 7 (11:08):
They've secured or solidified fourth spot on the ladder again.
Speaker 8 (11:11):
Now they think they're on thirty points with the Melbourne
Storm just fall behind the Raiders who led him the way.
But this still happens when the team is on a
roll and the Warriors have just really nailed this, and
he's a star of I think he's still only nineteen leaguer,
Hella Seema, so he's going to be in some demands.
Speaker 2 (11:29):
A legendary try.
Speaker 7 (11:31):
Yes, it really is.
Speaker 2 (11:32):
And before that, were they performing what subpar? Or they
all right?
Speaker 7 (11:35):
Yeah, mitke showing for what I can gather.
Speaker 8 (11:38):
The Warriors on a few chances, they've basically they haven't
really capitalized, but had the Seema that's a big match
player right there, being able to seize the moment.
Speaker 2 (11:48):
And the AB's got there in the end they did.
Speaker 8 (11:50):
I was probably more fascinated with just the depth of
France actually missing all those players being able to come
down and written off in many ways before the series,
but they've and they put together composite side, the best
side for that final test and.
Speaker 7 (12:04):
Challenging the All Blacks, I mean all Blacks.
Speaker 8 (12:06):
I don't think the works played badly at all, really,
but I think the French depth that New Zealand should
be concerned about that A couple of years up from
the World Cup, I mean, frances six Laces champions, et cetera.
Speaker 7 (12:16):
They're clearly one of the best, if not the best
team in the world at the moment. But Nick's probably
Saith Africa.
Speaker 2 (12:22):
Yeah, I suppose the idea was that we were trying
to increase our debt at the same time.
Speaker 8 (12:25):
Yeah, yeah, that's right, and it's after me coming out
out of Super Breaking. Robertson has played a few cards there,
there's a few injury concerns, but I thought I thought
the French that was a pretty good showing and made
for a reasonable series. I know they lost three nil,
but two of those tests they were well in the hut.
Speaker 2 (12:41):
Yeah, brilliant, Andrew. Thank you. Look to your open Golf
updates throughout the morning.
Speaker 7 (12:46):
I am looking forward to this last couple of holes.
Speaker 2 (12:48):
Andrew was for twenty three minutes after five on your
Monday morning. Coming up next in CA. Did you see
the story at the weekend about n ce A and
if you've been through the NCAA system. I went through
it when I was at high school, and every time
there's a headline about INCA, I kind of go, yeah,
we need to fix it. But also, what if your
(13:09):
only qualification is INCA and it's now being bagged in
the news every day? That kind of sucks. Anyway, we'll
talk about that next the early.
Speaker 3 (13:17):
Edition Full the Show podcast on iHeartRadio Power by News.
Speaker 2 (13:21):
Talks IV News Talks AB twenty five minutes after five
on your Monday morning. If we could mark in CA
or even INCA level one, would we even give it
an achieved, let alone a merit or an excellence. We
heard it the weekend about an Errow report that's been
done for the government basically says the whole system's far
too flexible. Kids are scooping up credits from left, right
(13:45):
and center all corners of the classroom. Too broad, too flexible.
As a result, they're not being properly taught core subjects
and basic stuff, things you would expect that young people
are taught at high school. The government's looking at it,
always looking at it. But there was a number in
this report which I think should jump out for all
parents and teachers. Twenty two percent. Last year, twenty two
(14:11):
percent of nca results came from external assessment, which is
code language for exams, you know, actually going and sitting
down under the watchful eye of a teacher or an assessor.
The bulk of the credits that students got came from
internal assessment stuff like essays. This means you can basically
(14:33):
get away with using AI and all sorts of other
stuff to do the work for you. One in four
this is bad. One in four kids didn't bother sitting
the exams for subjects because they already had enough internal credits. Now,
I went through the NCAA system and this happened to
me too. But I would never dream of skipping, and
(14:55):
I would have been cobbed around the back of the
head by mum skipping an exam because I had enough
credits to go on. Clearly, something has to be done
about this. What hope do we give students if they're
not being taught the basics or they're not being assessed properly.
And until something is done about that, you'll keep getting
bad headlines. You'll keep getting bad aero reports about a
(15:17):
system that gets undermined. The qualification gets undermined every time
one of these headline rolls out, and kids rely on
these qualifications to get them through their working lives. That
doesn't seem very fair read twenty seven minutes after five
and not the kid's fault either. I should say, Hey,
I went to see Superman on the weekend. Excellent movie.
(15:41):
Just a really basic superhero plot, nothing fancy, nothing frivolous,
just a great movie and cinema was completely full. I
think we got one of the last few seats in
a big, full size cinema, last few seats there, and
I just thought it was great, just a easy watch. Nothing,
you know, it's not gonna nothing to write home about,
(16:02):
but it was worth going to see. Just a good
action hero superhero movie. Hey, Scott Besson strikes again. We've
spoken about him before. He's the Treasury sectory over in
the US, and this time he's he's sort of reasoned
with Trump over Jerome Powell. So obviously Trump has been
talking about firing Power or you know, he's been making threats,
particularly last week about him. And Scott Besson is the
(16:25):
sort of samee guy in the office. He talked Trump
down off the cliff over tariffs. Remember that he's a
Wall Street guy. He got the minerals deal done with
China to try and pull back some of the trade impass.
And so the Wall Street Journal now reporting not that
Trump trust them anymore privately that he said to Trump,
just ty Hoe on your attacks on Bessent? Will you
(16:48):
on Power?
Speaker 6 (16:49):
Will you?
Speaker 2 (16:49):
Because and Trump of course wants, you know, his debt
borrowing costs to go down. He wants the economic boost
from a rate cup from power and power saying no,
my job is inflation. And so apparently Scott besn't sept
in last week and said just pull back. You know,
you need an independent Reserve bank for goodness sakes, because
(17:10):
they need to be focused on inflation. That's their job.
You do your job, but they'll do their that was
a message from Besson and clearly it's gotten through. Coming up,
we'll talk about our inflation before top of the hour
and we'll get to our reporters next.
Speaker 1 (17:41):
The news you need this morning and the in depth
analysis earlier edition with Ryan Bridge and Expol Insulation keeping
Kiwi homes warm and dry.
Speaker 3 (17:50):
This winter news talk said me.
Speaker 2 (17:56):
Good morning, welcome to Monday, twenty four minutes away from
sixth grade, to have your company and good to be
back with you on a Monday morning. Inflation it's just
a sticky mess, isn't It's it's just something you can't
clean off yourself. Remember it was three years ago that
inflation peaked over seven percent. Three years ago, March we
(18:17):
were at March quarter two and a half percent. December
quarter we were at two point two. So we went
up for March. We're expected to go up again today
to two point nine percent, so we're touching cloth on
the three percent band for the rbn Z. However, we've
been told just calm the farm, don't worry. The RBNZ
will be able to look through this number and still
(18:37):
drop our mortgage interest rate will drop the OCR which
should hopefully drop the mortgage interest rates in August down
to three percent. So whatever happens today, we're barring any
shocks or nasty surprises. Then even though the number will
look bad, it won't be bad enough that we can't
(18:58):
keep cutting interest rates. What everybody wants to happen. In fact,
John Key last week did you see, came out and
said do one hundred basis points.
Speaker 7 (19:05):
Just hack the hell out.
Speaker 2 (19:06):
Of it because the economy is on life support. Twenty
three to six, Ryan Bridge, You're on News Talk c B.
Callum Proctor is our reporter into need in this morning. Callum,
Good morning morning, Ryan. Hey Gore, the war tap water
that residents were told not to drink still being told.
Speaker 9 (19:22):
Just waited a little bit. Yeah, that water alert's still
in place, Ryan. It comes after this routine testing on
Friday detected elevated nightrate levels in Gore's water supply. The
district council says lab results over the we can have
confirmed that the water is back within the maximum acceptable value,
but three days of positive tests are needed before they
(19:44):
can give the all clear for it to be approved
to be drunk again. Hydrants have been left running in
Gore for ours to assist with removing night track from
the network and there are still tankers set up across
Gore for locals who are advised to continue drinking bottled water,
but for not much longe longer, it seems okay. How's
the weather Gore pretty much the same as to need
(20:04):
and today mostly cloudy, one or two morning showers, but
find this afternoon south.
Speaker 2 (20:07):
Westerly is in the high twelve. Nice one callum, thank
you Clei's and christ Church good morning, Claire, good morning.
Nice to hear you in the morning again. Now the
Special Olympics coming to christ Church, there's potentially a venue issue.
Speaker 10 (20:21):
Well yeah, they're meant to be being hosted at the
part of Cuda Recreation and Sports Center. That's the new
facility that's still under construction at the moment and is
due to be open by December, which is when the
summer Special Olympics is meant to be held there. Now,
obviously there's some concern this part of Curde venue has
been delayed not once, but multiple times over the last
(20:42):
few years. City Council's now confirmed to us after an
official information request. Mind you, that part of Curre if
part of Curda, isn't able to be used they have
secured back up venues at Jolly Park and the Salwyn
Sports Center. Special Olympics Events Director Liz Fitzgerald, though says
she remains confident it will be in time, but they
do have to do due diligence in case. She says
(21:04):
they have had back up venues for more than a
year now, but they're hopeful they won't need to be used.
Speaker 2 (21:09):
Okay, and how's you wear the clear.
Speaker 10 (21:11):
Very frosty to start today, but should clear to mainly
find before a chance of a shower a bit later.
Speaker 11 (21:16):
Ten degrees.
Speaker 2 (21:17):
Thank you, Max's and Wellington Heymex. Good morning, welcome back,
thank you, good to be back. Now another counselor, you've
got another entrant for the mural race in Wellington.
Speaker 12 (21:26):
Yeah, interesting development, clearly a flow on effect from Ray
Chung email gate. This is a Diane Calvert now running
for mayor. Should clearly not seen a path of herself
until now because this is an ambition of hers. But
with her council colleague mister Chung's campaign and something of disarray,
she's decided it's time. She is a part of the
minority center center right lobby at council representative of Wellington
(21:48):
at the Wellingtonians who might have an issue with Andrew
Little simply gently strolling into office. Chung won't be happy
with this. His diminishing group independent together won't be happy either.
But it'll be interesting to see if any real money
gets behind Calvert. I think it might. She has been
critical of past decisions prioritizing cycle ways, over water housing,
(22:09):
critical of the government, the capital's distancing itself from central government.
Let's look at a city deal, she says, zero rates
rises for instance, not realistic, but let's not be so
cavalier with spending and putting it on the current generation.
Also worth noting, shout out an excellent weekend of sport
in Wellington Phoenix of course, shocking Wrexham, the Saints winning
(22:29):
a record thirteenth NBL title.
Speaker 2 (22:31):
Yeah, and your second big Caketon event for on the
two weeks on the trop We're on the app, you're
on the up. There we go and how's your weather?
Speaker 12 (22:41):
Mostly fine? Southerly's eleven?
Speaker 2 (22:43):
Nice one. Thanks Next, neighbors here in au contain.
Speaker 11 (22:45):
Neighbor, Good to see you beckon your normal seat.
Speaker 2 (22:47):
Great to be back, mischief. What's happening with Auckland councilors
got a spike and vehicles being illegally driven in public paths.
Speaker 11 (22:55):
Yes, stupid people, this one okay. So examples include cars
and quad like driven over sports fields, motorbikes and scooters
tearing up walking tracks, and also unauthorized BMX tracks built
in public reserves. Now Scott de Silver he is the
manager of Regional Parks. He says, look, this damage impacts
local clubs being able to use the fields, and repairs
(23:17):
can cost thousands of dollars. So you know they've got
to you know, like lay down soil, reced or regrass it.
So he's wanting the public help to get on top
of us. Stop it, stop doing this.
Speaker 2 (23:27):
You fear. When I was a kid, we used to
make illegal BMX tracks in the public, put in the
you know, in the bush. Oh you criminal, Yeah, but
you know it was good fun, although all my friends
had to be because the BMX is the smaller bikes
kind of cool ones. And then I always had a
giant mountain bikes. You must have fallen over all the
time on the tracks ever, doing these tracks and on
(23:51):
the st so did.
Speaker 13 (23:52):
You have what was there?
Speaker 11 (23:52):
Did you have a ten speed?
Speaker 6 (23:53):
Oh?
Speaker 2 (23:54):
No?
Speaker 11 (23:54):
What they have back in those days.
Speaker 2 (23:56):
With the shocks at the front, big mountain bikes. Oh yeah, anyway,
so I don't know if that's such, if that's a
terrible thing, But the rest of it is bad, isn't
it it is? And how's our weather? Neva?
Speaker 11 (24:06):
Fine, morning frost. I know the rest of the country.
We're going shut up Auckland, but we don't have morning frost.
And this week it is cold for us. It's currently
like three or four degrees so it's going to be
like this for the next two or three days. Wrap up, Well,
thirteen is a high here in Auckland.
Speaker 2 (24:21):
She's nippy. He's nippy, all right, nippy, thanks, Neva. Seventeen
away from six News talksb Gavin Gray out of the UK. Next,
Gavin's going to talk to us about you know, the
Southport issue we had last year and they went after
this guy and they realized actually he was planning some
sort of attack, some sort of mass casualty event. But
(24:41):
you cannot in the UK. This is the problem they're
trying to fix. You cannot go after someone just because
you know they're planning an attack. Does that make any sense?
Not really? Seventeen to six that's next. Good news for Milford.
This morning they've taken out the Consumer New Zealand People's
Choice Award Kiwi Saver for the Milford Kiwi sab Plan
and this this makes it eight years on the trop
(25:02):
for Milford. Well done. Now, there's also morning Star's latest
independent survey which you can find at Morningstar dot com
dot Au that shows that Milford's had the number one
performing key we Saver funds in growth, balanced and conservative categories.
For this is for returns over the past ten years.
All of this is down to Milford's expert team and
(25:23):
their active approach to investing. So why wouldn't you make
the switch to Milford for your keyw Saver account? Quick?
It's easy, you do it online. I've done it easily.
Have a photo ID, that's all you need, your ird
number and bomb it's done. Past performance is not a
reliable indicator of future performance. Milford Funds Limited. Is the
issue of the Milford Keewsaber Plan. You've got to read
the Milford Kewsaberplan product disclosure statement at Milford Asset dot
(25:46):
com before investing. You may wish to seek financial advice
for more information on Milford's advice services. And to see
their financial advice provider disclosure statement, please visit Milford Asset
dot com slash getting Dash.
Speaker 1 (25:57):
Advice, International Correspondence with ins and Eye Insurance Feace of
Mind for New Zealand business.
Speaker 2 (26:04):
Kevin Gray is a UK you're a correspondent, Kevin. Good morning,
good evening to you hither an Now tell us about
this new criminal offense that you need to tag it
people who are preparing potentially preparing a mess killing event.
Speaker 13 (26:18):
Yeah, this is trying to tighten up the legislation over
those who are preparing to make an attack but actually
might not get around to it, or might be planning
it and might do it if they're not stopped. Now,
let's just take a look. If you remember those awful
stabbings at a Taylor Swift themed dance class in Southport
in the northwest of England nearly a year ago. The
(26:40):
man who is now in prison, Axel Ruda Bacana, seriously
injured eight girls along with two adults who tried to
stop a killer, but he did murder three little girls
with a knife. Now, had police found that he was
researching a target prior to the attack, they actually couldn't
have arrested and charged him with a serious offense. He
(27:00):
had no ideological motive linked to the definition of terrorism.
Speaker 3 (27:04):
What do I mean?
Speaker 13 (27:05):
Well, in other words, he wasn't saying I'm going to
do this on behalf of the iss or anything like that,
and therefore he couldn't have been charged. Now the government
has said, look, this is a bit of a gap
we think in obviously our legislation. So what we want
to do is even if somebody does not have any
clear ideology but is researching and has the power to
(27:27):
do such an attack, then we can treat them the
same as we would if they were a terrorist suspect.
And that involves a whole load of other legislation which
is much much stricter and allows people to be kept
in custody for longer to be questioned. So that's what
the government's now looking at, and terror suspects can take
steps towards an attack can now be jailed for life
(27:49):
if these plans go ahead, even if the attacker's plans
are not fully formed.
Speaker 2 (27:53):
In this data breaks we've been covering for the last week,
the data breaks involving f gens whose deep personal detail
else were made public. They wanting some of them on
in compensation.
Speaker 13 (28:04):
Ryan, this story just gets worse and worse. A data
leak that is likely to cost at least two and
a half billion New Zealand dollars a simple one person,
unnamed official making a mistake within the Ministry of Defense.
And we learned, of course at the start that there
were Afghans on this list who had tried to come
to the UK and they were wanting to come to
(28:26):
the UK because some of them had helped the Allied
forces with language interpretations, that translations, that sort of thing
during the Afghanistan War. Then we learned it was over
one hundred SAS and SBS special forces personnel along with
security personnel who were also on this list. And now
the government is saying, well, actually, do you know what
(28:48):
the thousands of Afghans, some of whose were personal details
were leaked but were not evacuated, will probably not receive compensation.
The Ministry of Defense is saying that they are going
to rule so bustly defend against an illegal action or compensation.
And that is the fear that because if they have
to compensate any Afghan individual who whether or not they've
(29:10):
tried to come to the UK, is another matter. Because
they were somehow on this list, then then they should
be inside of the big compensation. And indeed we are
already seeing the start of class actions with various solicitors
suggesting that those complaining get together for a sort of
class action, and that could make this an even more
expensive mistake, run.
Speaker 2 (29:31):
Very expensive mistake. I would hate to be the guy
that sent the email that now costs the government two
point five billion dollars. Kevin Gray are UK, you're correspondent
ten away from six, Ryan Bridge in place and figure
out today this is the quarter two expecting an increase.
But how big is the question? And how does the
Reserve Bank respond? Mark Smith, asb Senior economis with us
this morning. Mark, good morning, Good morning Ryan. What's driving that?
(29:52):
Is it domestic or imported?
Speaker 14 (29:55):
What we are seeing is really domestic complation is higher calling.
But what's really driving the tack up inflation is that
goods price inflation has been very low, but now that's
picking up. So that's what's driving the increase.
Speaker 2 (30:08):
Are we're saying, And what's driving that, well, a.
Speaker 14 (30:12):
Whole bunch of things. Really, what we're seeing is food
price inflation. Anyone going to the supermarket has really experienced that,
and some of the goods prices as well are picking up.
But really the key story I think for the Reserve
Bank is that domestic inflation is calling, but not quickly
enough just yet.
Speaker 2 (30:29):
And so what is that? Well, first of all, what
are you expecting today? What number?
Speaker 14 (30:34):
Yeah, we're about two point eight percent for the year.
It could be a bit higher than that, but I
think the key thing for now is that domestic inflation
is calling things like rents and construction costs inflation. They're
calling areas that with the large amount of sphere labor
capacity they're calling as well. But really that good sector
(30:55):
where we're starting to see a bit of a tack
up inflation. And that's that's really with focuses at the moment.
Speaker 2 (31:01):
Okay, so two point eight percent, if we land where
you think we will, the Reserve Bank can look through
it and still cut rates next month.
Speaker 14 (31:08):
Yeah, that's the hope. Really, that domestically generated inflation. I
think that's the area where you know, there's more spear
capacity appearing, and that's where inflation should come up in time.
Now For the Reserve Bank, really what they're going to
do is to try and look through the spike. Now
we expect inflation to publish slightly above three percent in
the middle of the year, I Q three, but then
(31:31):
to call after that. But really it's that speed capacity
is dominating and driving overall inflation light in time.
Speaker 2 (31:37):
What sort of number would we need to see today
for them to not cut do you reckon?
Speaker 14 (31:43):
I think anything around above three And also for those
domestic domestic they generated inflation rates for those to stop calling,
I think that for them would be a worry.
Speaker 3 (31:52):
Mark.
Speaker 2 (31:52):
Appreciate your time this morning, Mark Smith, as we senior
economists you're on news Talk said be that number coming
out at ten forty five this morning. Mike's here x
back from his time off the first Word on the
News of the Day early edition with Ryan Bridge and
x fol Insulation keeping Kiwi, Holmes Warm and Drey this
winter News Talks. That'd be it is five to six
(32:14):
now morning, Ryan. This is in regards to NCAA and
the assessments that they do because most of the young
people are being done by internal assessment rather than an
external exam, which is AI proof. Ryan, they should allow
you to get the internal credits, says Chris, but then
stop you from graduating unless you set the exam. I
think that's probably reasonable. Five to six. Ryan Bridge, and
(32:37):
Mike is back from some time off.
Speaker 15 (32:39):
Mike, welcome back, Thank you very much. What a waste
of time that report was, wasn't it. I mean, anyone
who's got any experience with NCA knows full well what
a wrought it's been and been for it. First of all,
any idiot can get level one. If you can't get
level one, something's seriously gone wrong. Either you've got a
learning difficulty, or you're not turning up at school or
the teachers are cramp hopeless. And then this internal assessment
(33:03):
thing that's been going on forever. Every one of our kids,
every single one of our kids piled up a bunch
of credits and they sort of finished school in September
and they said, I don't really need to do it
anymore because I've got.
Speaker 2 (33:15):
My eighty you know, yes, section credits. I did that,
But I would still go to the exam. And there's
no way I would never not turn up to an exam. Yeah,
but you're not like everybody else, and that for good
or bad. But at the end of the day, if
you need X number of cruits you need X number
of cruits. Think about it this way.
Speaker 15 (33:33):
You look at the kids, the way they've been dicked
around with COVID. They got locked down.
Speaker 2 (33:37):
It's not all their fault, of course it's not.
Speaker 15 (33:39):
But the look at class Look at what they're going
out into the world with the closer open classrooms.
Speaker 2 (33:44):
We like open classrooms. Oh wops, no we don't, Jenny,
Pigs will.
Speaker 15 (33:47):
Lock you down suddenly. The whole system you've spent your
entire education system with, we don't like any I have.
Speaker 2 (33:52):
To say the listeners are loving having you back. But
on a personal note, it's great to have the cleaner back.
Is what a pigs it was, What a disgrace. It
was disgusting. Like next see tomorrow.
Speaker 3 (34:07):
For more from Early Edition with Ryan Bridge.
Speaker 1 (34:10):
Listen live to News Talks it'd be from five am weekdays,
or follow the podcast on iHeartRadio.
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