May 22, 2025 • 34 mins
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
an early edition with one roof make your Property Search
Simple used talks'd be good morning.
Speaker 2 (00:13):
It is six a half to five year on news
Talk said be Friday morning.
Speaker 3 (00:17):
Welcome.
Speaker 2 (00:18):
It's an early edition budget special this morning, and that
means we get to speak to Barb from Accounts. That's
barbar Rudmonds from the Labour Party. Also Shammabil Yako will
join us talk about the Kiwi Saber changes. We are
going to go to Vincent mcavny, who's in the UK
net migration there down fifty percent in the last year.
We'll ask why piney on the Auckland FC almost to
(00:39):
sell up for them this weekend and Trump gets his
big beautiful bell through the house.
Speaker 1 (00:47):
The agenda.
Speaker 2 (00:48):
Outrage in the US this morning, our two staff at
the Israeli Embassy were shot dead in Washington, d C.
This is the suspect being detained yet one of those
the Attorney General speaking out, this is the last thing.
Speaker 4 (01:12):
These two young people, they were at a religious event
right around the corner from where we're standing, a religious
event with friends and with coworkers. They walked outside to
go home and were gunned down. That cannot happen in
our community. And this is the day where we all
need to come together, no matter what religion we are.
Speaker 2 (01:32):
Now Trump's big, beautiful bill, He's a happy chappy this morning,
has passed the House, very slim, but past the House.
So this is your tax cuts from the first time
he was president. It's ending taxes on tips, it's increasing
your military, your border spending. All that stuff still needs
to go through the Senate, where probably they'll get more
of the tug of war and some compromise. The UK
(01:53):
has signed a deal to seed sovereignty of the islands
of Mauritius. Deal was signed off by key allies, including
New Zealand. It will allow the UK to lease the
military base there for the next ninety nine years.
Speaker 5 (02:07):
His starma, the strategic location of this place is of
the utmost significance to Britain, from deploying aircraft to defeat
terrorists in Raq and Afghanistan to anticipating threats in the
Red Sea and the Indo Pacific. The base is right
but the foundation of our security.
Speaker 2 (02:27):
It's seeding sovereignty of the Chagos Islands to Mauritius now,
after intense international pressure, it seems AID trucks are now
making it to those who need it. In Gaza. Israel
was blocking the AID of course being distributed, but now
at least forty trucks are being dispatched, but still not enough.
Speaker 6 (02:43):
They say they need at least one hundred trucks a day,
if not more, to get through the border to address
the needs of the people in there. The unsay there's
been disagreement between them and the Israeli army over safe
passage without the AID being looted or robbed.
Speaker 2 (02:59):
On the other are you an Addi Das fan and
Adidas fan? Well, sorry, but like Nike, they're going to
put their prices up on trainers and clothing. They put
the blame squarely on Trump's tariffs. Nike hasn't explicitly named
them as a reason yet, but added as says it
regularly makes quote price adjustments.
Speaker 1 (03:18):
The first word on the News of the Day early
edition with Ryan Bridge and One Room to make your
Property Surge Symbol News Talk Zippy.
Speaker 2 (03:29):
Nine minutes half to five nine two nine two is
the number to text I'd love to know your score
for the budget out of ten.
Speaker 3 (03:34):
It's a pretty meaningless.
Speaker 2 (03:35):
Scale really, but I'm just inton to know what your
gut reactions were to it, your feelings, S and P.
The rating agency is actually not having great gut reactions
to it. So this is the SMP note from them
last night. Spending cuts only partially offset the expected decline
and revenue growth due to a weaker economy and a
new accelerated depreciation policy. This is the business boost part
(03:56):
of the package you would have heard about yesterday. They say,
out our elevated twin deficits that's our fiscal deficit and
our current account deficit are weaknesses that could weigh on
our credit rating. That is a bad thing because when
they hit your credit rating, you pay more for your debt,
and it's all very already, very very expensive for us.
We basically the problem is we spend more than we
(04:21):
earn overseas, and our government at the same time spends
more than it earns from taxing us. That is called
living beyond your means. We'll ask Barbara Edmonds what she
thinks about that later on in the program. The reaction
yesterday to the budget on the news, lovely bunch of
older ladies outside Parliament absolute charmers. Have a listen, I said, I.
Speaker 7 (04:46):
Can't believe it's still fighting this at my age seventy two.
Speaker 2 (04:51):
Yeah, semed a bit feral on the news last night.
I don't think they do themselves any favors that they
were at a pay equity protest because they just look
a bit silly, look a little bit rabbit, you know,
old unionists from way back swearing across the four quarter
of Parliament at the government. They looked like bollocks man
from the train station inside Parliament.
Speaker 3 (05:11):
What was going on? Where was to party? Mardy?
Speaker 2 (05:14):
Remember remember all of the fuss that was made to
get them there, and the seats were empty. Where were
they skipping class after all that fuss? So Chris Bishop
tweeted a photo yesterday of Nikola Willis because she goes around,
hands out the budget to everyone, two empty seats for
the leaders of the to party Mardi, no debs, no arwity.
And then Debbie does a Facebook post because they looked up.
(05:37):
I was like, where we were they anyway? She does
a Facebook post, she's at home. She hits back and
it sounded a little bit like you know when kid
gets in trouble and over explains themselves. She said this
unlike his party of privilege. We run like AMAI and
everyone carries the co pupper. We had one MP on media,
(05:58):
one MP speed and the House one on Budget analysis
whatever that is, one inside the budget lockdown and one
on the pay equity protest that was happening outside, and
then another one holding the line on the Regulatory Standards Bill. Now,
anyone who knows Parliament will know just how close the
(06:20):
fore Court of Parliament is to the debating chamber. It
will take you two minutes to walk there. The protest
was at one pm, the budget was at two, honestly,
and you need one to do media. Most MPs do
media on the way into the house. The one who
went to the lockdown again it finished at too.
Speaker 3 (06:39):
The house starts at two.
Speaker 2 (06:41):
It literally makes no sense. As for those kids who
are sitting around on the xbox and getting the doll,
that'll now your parents will now be means tested for this.
There was applause from some, but there was shock and
horror from others.
Speaker 8 (06:53):
This was a had pushback on parents to take that responsibility.
Speaker 2 (06:58):
Hack that responsibility. We actually agree with these parents who
were on the news last night. It is not a
parent's responsibility to look after an eighteen or a nineteen
year old who won't work.
Speaker 3 (07:12):
I agree with you, but it's certainly not mine, right
iron Bridge Bridge, it's this.
Speaker 2 (07:17):
In minutes after five, you're on News Talk ZBB. We'll
get to Shower Bill Jacob next, plus Jason Pine standing
by Auckland FC here on News Talk SEDB, on.
Speaker 1 (07:26):
Your radio and online on iHeartRadio. Early edition with Ryan
Bridge and one Roof to make your Property search simple
Youth Talk z B.
Speaker 2 (07:37):
It's quarter past five News Talk zid B. Garrisays morning Ryan,
seven out of ten for the budget last night. I'm
hoping our tax take will improve operating balance, especially from
farming and ird from the money owed to the government. Gary,
thanks for your message this morning. Another says nine out
of ten. Let's get to key we Saver. And now
we've got changes to key we Saver as promised. The
(07:57):
default key we Saver contribution will increase from three of
four percent that falls on you, the worker or the employer,
and the government has its contribution to a maximum of
two sixty a year. The savings for the government two
and a half billion dollars over four years. Shama Bill
Jacob is economist at Simplicity with me this morning, Shoma,
Good morning, good morning. So, if you're for a young
(08:18):
person who's saving for their retirement, the net result of
all these changes are you better off or worse off
by the time you get there.
Speaker 9 (08:28):
You will be better off because you will have more
money in retirement, but you will have less money in
your back pocket on the way through.
Speaker 2 (08:35):
So does that mean over my lifetime am I better
or worse off? Presumably better off because if I'd spent
the money rather than saved it, I wouldn't get compounding returns.
Speaker 3 (08:46):
This is it.
Speaker 9 (08:47):
So the way it works is for the average person,
your q server contributions will increasp about a thousand dollars
a year, Your tea compare will fall by about seven
hundred fifty dollars a year, and the government's revenue will
increase BM but five hundred dollars a year.
Speaker 2 (09:03):
So anyone will lose. Anyone who will be paying any
extra percent will lose seven hundred and fifty dollars a year.
Speaker 3 (09:09):
On average.
Speaker 9 (09:10):
The average person who's on earning seventy five thousand dollars.
That's the typical wedge.
Speaker 3 (09:14):
For a QII. Okay, and how's that going to go down?
Do you reckon.
Speaker 9 (09:19):
Well, I think that's the main worry about this thing.
So I actually like the fact that we're going to
increase contributions because we actually to increase even more over time.
Australia is going to twelve and a half percent. But
for people who are in mid, middle or low income
that reduction in Tea Compei might be a bit of
a concern, especially given the current cost of living crisis
and people are still struggling.
Speaker 2 (09:40):
Right the government's sweetener for Kiwi savor that's obviously getting
the chop are halved, but also means tested. This is
a retirement savings scheme, and where means testing the government
contribution a little ironic, we're not means testing that Super two.
Speaker 3 (09:57):
Well, that was my thought.
Speaker 9 (09:59):
It feels right that we are means testing because you know,
for people like me who are earning good money, we're
doing enough to save for retirement. But it seems ironic
that we are very clear about means testing this particular subsidy,
which only doesn't know, only cost about a billion dollars
this year, right, but Super is going to cost US
(10:19):
twenty five billion dollars and it's increasing by one and
a half billion dollars a year. So there's this kind
of weird kind of political incoherence that's taking place, But
it's not surprising.
Speaker 3 (10:27):
We've been doing this for decades, right Yeah, And once
Winston's gone, it'll all be sorted, I'm sure.
Speaker 2 (10:33):
Shammi thank you. Shamabu Jacob, a Simplicity chief economist with
me this morning, a budget reaction eighteen minutes after five
loads of texts coming in on people are talking about
eighteen and nineteen year olds sitting on their butts playing PlayStation,
which is not what anyone who's playing an AUCKLANDFC would
have been doing when they were eighteen or nineteen. That
(10:53):
would have been out on the football field. Piney on
that Next News.
Speaker 1 (10:57):
And Views you trust to start your day is the
edition with Ryan Bridge and One Room Make Your Property
Search Simple, News TALKSB.
Speaker 2 (11:06):
Five twenty one on your Friday morning here on News
Talk SB. We'll get to Barbara Evans from Labor just
before six o'clock. Right now, it's game two. It is
the crunch time for Auckland FC. They're taking on Melbourne victory.
This is the second leg of the A League semi Final.
This weekend they hold a one nil advantage right now,
twenty eight thousand fans heading to Mount Smart. Jason Pine
football commentator in News Talk ZBIS week in Sport host
(11:26):
with me Piney, Good morning, get I Ryan. So what
are they going to do here?
Speaker 7 (11:31):
Well, I mean I think they'll be. I think they'll
be exactly the way they've been all season, which is
going out to win football matches. There they're one nill ahead,
as you say, so they know that if they don't
concede they make the Grand Final. It's all done on aggregate,
So anil all draw, for example, would get them through
one mill on aggregate. But I just don't think it's
(11:53):
an Auckland f c's DNA to sit back and defend
for ninety minutes. And I don't really think they'll do
anything other then go out tomorrow night and try and
win this football match and sort of stride confidently into
the final next week rather than just sort of you know,
defend for ninety minutes and squeak in that way. So yeah,
I think we'll see the Aukland f C we've seen
(12:13):
pretty much all season, a very very good football side
that likes to you know, obviously be tight at the back.
You know, but when the opportunity presents attack, I think
we'll see some goals tomorrow night without a shadow of
a doubt.
Speaker 2 (12:26):
Plus, if they can go one nill in Melbourne, then
surely they can go one better here.
Speaker 7 (12:31):
Yeah that's a very good point. Yeah, you expect to
win your home games. You expect that home advantage means
just that that you have the advantage, and you talked
about the crowd and my goodness, it's going to be
something else tomorrow night when when that game kicks off,
and if Auckland f C can get the job done.
Of course we know that next Saturday they'll host the
(12:53):
Grand Final at the same venue, so there's huge incentive
there for them to get the job done. For the
fans that we'll turn up, they would love one more
opportunity over Ken's birthday weekend to chair this team in
a Grand final. So yep, your home advantage means just that,
and it's been it's been something that Auckland f C
have taken good advantage of the season.
Speaker 2 (13:12):
You'll be their commentating. Of course, do they give you
extra soundproof glass because of the of the sound.
Speaker 7 (13:19):
Well I might need it, I tell you, you know, they've
added extra seats, they've added extra hospitality. I think every
space that's available at the ground will be utilized. But look,
you have to give it to Auckland f C's you know,
fan base. Just how quickly this has become a thing.
You know, I mean, eighteen years without a team in Auckland,
(13:41):
and there were doubts after what happened to the nights
back in the you know, two thousand and five, two
thousand and six time frame, that people would turn up. Well,
goodness made They've turned up and some and made some noise.
So yeah, I think I think anybody expecting or wanting
a quiet night should steer clear of I'll go medium
out smart tomorrow night.
Speaker 3 (14:02):
Good advice, Jason.
Speaker 2 (14:03):
Good to have you on as always, Jason Pine, football commentator,
weeknd Sport hosts right here on news Talk, said B
twenty four minutes.
Speaker 3 (14:09):
After five lots of your text, we'll get to.
Speaker 2 (14:10):
Them soon on the eighteen and nineteen year olds, some
really good ones and actually there's there's arguments on both sides.
Speaker 3 (14:16):
I'll get to news Talk, said B.
Speaker 1 (14:18):
The early edition full the Show podcast on iHeartRadio Power
by News Talks AB.
Speaker 2 (14:25):
Good Morning, twenty six after five, and guess what things
are looking up? Futures looking bright everybody, not from the
budget announcements themselves, necessarily, but the treasury forecasts if they
are to be believed, and I'll more on than a second,
we'll he just shy of three percent growth next year,
It'll average two point nine percent, so basically three percent
(14:48):
across the next four years. Unemployment back below five, inflation
down at two, wages growing faster than costs at two
point seven percent.
Speaker 3 (14:57):
Great, but there there is a dip.
Speaker 2 (15:01):
This is an update on the halfierly the HAFU. There
is a dip first to get through of down point
eight percent. The government surplus also a fly in the ointment.
Despite that average growth of almost three percent a year
for the next four years, Willis won't in any of
these years return the books to surplus and actually start
(15:22):
paying down the debt. It's very expensive. Costs us more
to service than defense, police, corrections, justice, and customs combined.
It peaks at forty six percent in twenty twenty eight
and won't come down below the forty percent target band
in this forecast period. And you say why I do?
I say why not? Net debt doubled under the last lot,
(15:44):
and your net borrowing is still increasing as a proportion
of the economy, and the economy is going to grow.
Willis says this would have required harsher cuts, you know, health, education,
that stuff.
Speaker 3 (15:56):
If you were running a business.
Speaker 2 (15:57):
Though, you'd got the costs, wouldn't you. There's more fat
to trim. But Willis sadly is not running a business,
She's running a country. You cut too deep and you
risk being turfed out in twenty twenty six and the
next lot, reversing the cuts you've made. Anyway, in a way,
deep cuts less sustainable politically than smaller, incremental ones. And
(16:20):
this is not to take away from the growth track.
The question of reliability is a reasonable one to ask.
Treasury has been wrong before. We know that the elephant
in the White House is, of course Donald Trump. He
is to economists what cyclones are to meteorologists, quite hard
to predict with accuracy. Trying to nail down an accurate
(16:41):
forecast is a bit like trying to whack a pinata
blindfolded and drunk. So all of this is to say that, finally,
on the whole, you'd have to feel a bit more
hopeful about the future of this country today than you
did yesterday, Ryan Bridge?
Speaker 3 (16:59):
Do you nine? After five?
Speaker 2 (17:02):
Someone said, well, actually we'll come back to these. This
is the eighteen or nineteen year olds who will have
to rely on mummy and daddy to get by if
they don't have a job, because the doll is going
to be means tested. Your reaction to that, Plus Vincent
McAvennie over in the UK's coming up next here on
News Talk SIBB.
Speaker 10 (17:20):
Me too, what you what you?
Speaker 1 (17:25):
What you mean?
Speaker 4 (17:25):
Me do?
Speaker 3 (17:27):
What?
Speaker 8 (17:28):
What's your.
Speaker 11 (17:32):
What you me?
Speaker 9 (17:34):
What?
Speaker 12 (17:36):
What should do you do? Look what you just made
me do?
Speaker 1 (17:40):
Ryan Bridge on early edition with one roof make your
property search simple?
Speaker 3 (17:46):
Youth Talk zibby.
Speaker 2 (17:53):
Good morning, twenty four minutes away from six year on
News Talk Saibb.
Speaker 3 (17:56):
So we've got our budgets.
Speaker 2 (17:57):
Here in New Zealand, announced yesterday. Over in the United States,
Trump's Tax and Spend Bill has passed. It's reading in
the House. It will now go through the Senate. We're
going to get to Labour's Barbara Edmonds just before six
o'clock for reaction. They're being accused of misinformation of course
over this whole thing.
Speaker 3 (18:14):
Will talk to her.
Speaker 2 (18:15):
Plus net Migration to the UK down fifty percent. Vincent mcavinie,
our correspondent, on that couple of texts on eighteen and
nineteen year olds, you know, sitting on the couch, smoking weed,
doing nothing, and now mum and dad will have to
pay for them, not the state. Well, the parents will
be means tested. So if you've got wealthy parents and
the kids on the couch, then they won't get money
(18:37):
from the state. Ryan old enough to vote. This is
from Stephen, old enough to vote, old enough to receive
whatever the other adults do and are entitled to.
Speaker 3 (18:46):
Which is kind of an interesting point.
Speaker 2 (18:49):
I mean, if I could, I could do that right
now and I would get paid money from the state.
Why shouldn't an eighteen year old they can vote, they're
old enough to vote. They're an adult too in the
eyes of the The problem is, if you look at
the numbers, anyone an eighteen and a nineteen year old,
if they're on the doll at that age, we'll spend
an average of eighteen years on it. Twenty three away
(19:13):
from six Bryan Bridge, our reporters around the country this
morning Cullum's in Dunedan Cullum a charter flights to the
Bluff Oyster and Food Festival is a.
Speaker 13 (19:24):
Shell out, Yes it is, and it didn't take long
to sell these seats. In New Zealand release the special
package for North Island.
Speaker 3 (19:32):
As last November.
Speaker 13 (19:33):
This is a return flight from Auckland tomorrow along with
a ticket to the Bluff Oyster and Food Festival in
New Zealand. Says it's been their fastest selling charter so far.
All seats booked out within the hour and there will
be one hundred and seventy seafood superfans on that flight
tomorrow into the South for what is one of the
highlights of the year here the iconic Bluff Oyster and
(19:53):
Food Festival. It is now officially a sellout itself the
event more than four thousand expected. There one concern, though,
Ryan the weather this week's prevented the oyster boats from harvesting,
so there's some nervous organizers. The hopeful to get out
today though, to stock up on the delicacy ahead of
the big festival.
Speaker 3 (20:10):
What would it be without the oysters? Just bluff?
Speaker 13 (20:13):
I suppose how's your weather fine today? With high cloud,
westerlies easing and the high sixteen.
Speaker 3 (20:19):
Thanks Callum Clears and christ Church Clear good morning.
Speaker 10 (20:21):
Good morning.
Speaker 3 (20:22):
Now what's wrong with your water?
Speaker 2 (20:24):
Well, what is wrong with our water?
Speaker 4 (20:25):
Or maybe not?
Speaker 14 (20:26):
So it turns out that all but one of christ
Church's water treatment plants have been found to be compliant
with national Protosia drinking water standards. So the city Council's
done I think more than three four hundred samples, analyzed
them and found that forty four out of the forty
six plants are compliant. This is particularly interesting because there
has been a bit of too and throwing over our water. Recently,
(20:48):
Greenpeace came out declaring that TOMA to otherwise claim that
we had the highest equality water was misleading. So Council's
gone through this process. The head of Three Waters, Gavin Hutchinson, said,
achieving this Class one compliance means it's avoided having to
install any PROTOSO barriers, which will save us a lot
of money. That said, he does warn there are still
(21:10):
contamination risks within the network of pipes. So unfortunately for many,
our coronation is here to stay.
Speaker 3 (21:16):
It's still the best water in New Zealand, isn't it clear?
Speaker 13 (21:18):
Ye?
Speaker 14 (21:19):
So another reason to move here.
Speaker 3 (21:21):
True, you've get a good sales pitch this week.
Speaker 14 (21:23):
How's your weather frosty to start, then clearing to find
Northwesterly's turning northeast and fifteen degrees.
Speaker 2 (21:30):
Last son, Thanks Claire, Max and Wellington Heymax, good morning.
So you've had your What are we Are we keeping
the Bagonia House?
Speaker 3 (21:36):
Are we keeping?
Speaker 12 (21:37):
Yeah?
Speaker 2 (21:37):
The pools?
Speaker 11 (21:38):
Yeah yeah yeah, all the good community things, the swimming pool,
the events center in Krori, the glasshouse. All got the
big ticic by council yesterday. Water reform that was maybe
the big ticket that got the sign off as well.
Goodbye Wellington Water, we hardly knew you. Hello, new joint
entity with the Hut Polydor and Regional Council. Three councilors
(21:58):
for some reason voting to keep Wellington Water, but a
pretty strong majority to ditch it. Also a big compromiser
for airbnb owners and Wellington not happy at the proposed
rates increased for them. That was compromised. It came down
new parking fees for motorbike riders a dollar an hour
Monday to Friday. Eighty percent of the public didn't want it,
but it's happened anyway. Similarly, a motion to investigate whether
(22:21):
the Golden Mile could be delayed a little none of
the Meyrial candidates wanted. Obviously, that was a shot down,
full steam ahead in Wellington.
Speaker 3 (22:29):
So how does this all add up?
Speaker 2 (22:31):
I don't even want to ask. You get everything and
you pay everything too. How's your weather?
Speaker 3 (22:36):
See?
Speaker 11 (22:37):
Exactly fine with light Wedding sixteen the High Central.
Speaker 3 (22:40):
Thank you neighbors, an Auckland, Hey Neava, good morning. Who's
giving away a million dollars? Can you believe it worth
of art?
Speaker 10 (22:46):
Exactly? So this is I kid you, not an Auckland
artist giving away one million dollars worth of art. This
is an exhibition with a twist. So one hundred original
artworks veer up for grabs tonight. Now this is Jackarden's
exhibition called money Laundering. Now with the legal contract in tow,
the piece is are deemed inauthentic if sold for less
(23:08):
than ten thousand dollars. So it's freeze giving away one
hundred pieces. But you can't on sal it. So Carden
says it's a distribution of one million dollars in conceptual value.
He says having the artwork sold for less than ten
thousand dollars destroys a chance to appreciate further, which is
the point. So there's you know, like legal contracts and
all that. So the exhibition it's on tonight on k
(23:30):
Road from six o'clock.
Speaker 3 (23:31):
So no one pays anything.
Speaker 10 (23:33):
No one pays anything. You'll give them away. But that's
the whole crux of it. You can't on sell it
for less than ten thousand dollars, right, So that's his
whole point.
Speaker 3 (23:42):
But who better? Who would want to buy them? Well,
you're just giving them away.
Speaker 2 (23:47):
You just give me them away if you haven't seen them,
and I thought it means they're worth nothing.
Speaker 10 (23:51):
I'm just wondering, you know, because you never know. They'll
probably be ques down k row. Oh that's true, because
that's the kind of thing that the arty, farty world
people of weird like that. Yes, that's why we're not
artie people.
Speaker 3 (24:03):
Yeah, oh they don't like it.
Speaker 5 (24:04):
We love it, right, we stick figures.
Speaker 10 (24:07):
I'm going to try to be an artist.
Speaker 2 (24:09):
We should do the same.
Speaker 3 (24:10):
How's the wea They neither cloudy?
Speaker 10 (24:12):
Isolated, showers clearing this afternoon, eighteen is the high here
in Auckland.
Speaker 3 (24:15):
Brilliant.
Speaker 2 (24:16):
Thank you you're on News Talks B seventeen to six.
Barbara Edmunds next, Vincent mcaveny.
Speaker 1 (24:20):
Next international correspondence with insign Eye Insurance Peace of Mind
for New Zealand Business called the.
Speaker 2 (24:27):
Sticked On News Talks to the Abili Skips to Vincent mcaviny,
our UK europe correspondent, Vincent, Welcome to the program. So
we've got the UK handing over sovereignty to the Chagos
Islands to Mauritius. But then there's a leaseback deal happening too.
Speaker 8 (24:41):
Yeah, good morning.
Speaker 12 (24:42):
That's right.
Speaker 8 (24:42):
This has been a long running dispute over the sovereignty
of these islands in the Indian Ocean. This negotiation was
actually started back in the previous Conservative government and it's
been had to be carried on by labor because of
the sovereignty dispute. So what we're doing now is transfer
vowing sovereignty but leasing it for ninety nine years with
(25:03):
a possible option of forty more for around one hundred
million pounds a year. Now why are we paying that much? Well,
is because it has one of the top bases for
both the UK and the US. It's one of the
world's most secretive sites. On this paradise island sort of
sits kind of roughly between where you might It has
an airport, so planes can take off there and reach
(25:25):
both the Middle East and Southeast Asia if needed, and
it's seen as a key strategic location that both countries
needed to hold on to despite the dispute over sovereignty.
Speaker 2 (25:36):
What about nit migration your numbers this is for the
UK down by almost fifty percent.
Speaker 8 (25:42):
Yeah, a huge fall down to four hundred and thirty
one thousand in the twelve month period. The previous year
it was eight hundred and sixty thousand, And really that
number is what did it in for the Conservatives at
last year's general election. There was a sort of huge,
huge number that year, in part because pandemic restrictions around
(26:03):
the world were lifted and we saw a sort of
rush of people to the UK. But what is being
cited now is changes that the UK made over the
last government. So for instance, people coming to study here
at universities can't bring family members automatically any more, and
some other measures. And then Labor on top of that
has changed our rules to try and reduce this number
(26:24):
even further, with a new immigration bill last week putting
things like language requirements in another tougher restriction. So voters
continuously in this country saying immigration is the key issue
for them and whether or not Labor can sort of
use these numbers to beat back Nigel Faraj and the
Reform Party in the polling remains to be seen.
Speaker 2 (26:44):
Thanks so much for that, Vincent. Vincent mcavinni our UK
europe correspondent. Time is twelve minutes away from six News
Talks you b Bryan Rich Can we save pay equity?
Text changes for businesses? Some of the big things to
come out of Budget twenty twenty five delivered by the
Finance Minister yesterday. Joining us this morning is Barbara Evans,
Labour's finance spokesperson.
Speaker 15 (27:06):
Good morning, Good morning, Ryan's big days today, wasn't it?
Speaker 3 (27:09):
Big day?
Speaker 2 (27:10):
Big day and a big claims made as well. Barbara,
You've been accused your party been accused of spreading misinformation
saying that the key we saver for your average young
person they would be sixty six thousand dollars worse off
after the changes. Will young people young kiwis be worse
off or better off as a net result of the
(27:32):
changes announced yesterday?
Speaker 15 (27:34):
So the sixty six thousand dollars less is what we
calculated from the removal or the halving of the government
contribution so I understand that with them increasing their contributions,
if they increased them to four percent, because members, they
could drop them down to three and then their employer
(27:55):
lifting it up to four percent as well. Next they'll
be better off. But they could have been way better
off if the government had kept the contributions.
Speaker 11 (28:04):
In as well.
Speaker 3 (28:05):
So you would reverse that.
Speaker 15 (28:08):
We're not going to reverse anything. We're not going to
say we're going to put it back in to yesterday
and today is about working through that budget and we
will come together with our fiscal plan pay equity.
Speaker 2 (28:19):
You have already said you would reverse that law change.
Will you restore the full close to thirteen billion dollars
that was taken from to use your words, rated from
the kitty.
Speaker 15 (28:32):
Yeah, we're absolutely committed to pay equity. What we need
to do is work through how they got to that
twelve billion dollar figure, close to thirteen billion dollar figure.
That'll probably come up with the budget, release of the
documents and in probably about two months time. We need
to work through that, but we will ensure we don't
we do not shirk our responsibility and we don't want
(28:55):
women to be paid less. So we're going to work
through that Kevlen and sure we have appropriate contingency set
as for it.
Speaker 2 (29:00):
So you will confirm that you'll get you'll restore the
thirteen billion dollars.
Speaker 15 (29:05):
We will, we confirm we're going to reverse the changes.
We're going to work through to see how the government
got to that thirteen billion, because there was confusing messages
from the government throughout the House in the last three weeks.
That's the way understand wasn't.
Speaker 2 (29:18):
It wasn't that confusing yesterday it was close to thirteen
billion dollars.
Speaker 3 (29:21):
I mean, you can't have it both ways.
Speaker 2 (29:22):
You can't run around and say this is women being
thirteen billion dollars has been stolen from women, and then
on the other hand say, actually, we don't know if
that number is right.
Speaker 15 (29:34):
We're going to absolutely make sure we set aside the
appropriate contingencies for it, and we want to work through
to understand how they got to that figure. We are
absolutely committed to pay equity, right, absolutely committed to it.
Speaker 2 (29:45):
Would you keep the learning support funding?
Speaker 15 (29:49):
The learning support funding is a good thing, right, But
the problem is they've taken money from elsewhere within the
education system. So again, like everything else in the budget,
like everything, we will take to the next election. We
will work through it carefully and we're part of our
fiscal plan going forward.
Speaker 2 (30:05):
So you won't commit to keeping that learning support which
has been welcomed by the unions.
Speaker 15 (30:10):
We welcome extra support for learning support, but does that
have to be at the cost of something else in education?
And the government also gave tax breaks to multinational companies
two point nine billion dollars to landlords. You know there
is funding there because it's about choices. They just have
to choose, and the choices we will make will be
covered in our fiscal plan.
Speaker 2 (30:29):
The problem is you're doing a lot of choices and
not a lot of cutting. Right, So are you sticking
to Grant Robertson's and Treasury's fifty percent cap or not?
Speaker 15 (30:39):
We are working. We are working currently within that cap
that was given to us, both that the government is
working under and part of our fiscal plan.
Speaker 2 (30:47):
But again at the elect choice that was at the election.
You won't exceed if your plan won't exceed a fifty
percent cap. You're confirming that for us this morning.
Speaker 15 (30:56):
There is still another budget to go, Ryan, and we
still have time to put together our fiscal plan the
way we currently work it and it's the way that
we started with our own fiscal plan in twenty twenty three.
We will work through it carefully and everybody will be
able to see our plan when we announce it.
Speaker 2 (31:12):
Will you get to surplus the same time as national
or would you push that out? Be happy to push
that out again?
Speaker 15 (31:18):
Well then even that's questionable, right, I mean, I've seen
so many commentators saying, well, do they really think they're
going to get that way for thin surplus by ober
gal x which is a new measure they put in
by that time.
Speaker 11 (31:30):
But what.
Speaker 15 (31:32):
It's about our fiscal plan. We're going to work through
it carefully and we will announce it in due course
when it's time.
Speaker 2 (31:38):
But the problem you've got, Barbara, is that it's not
adding up right. You've promised so many things, You've promised
to restore so many things. This is going to mean
either borrowing or taxing or pushing surplus out or all three?
Speaker 3 (31:52):
Which will it be?
Speaker 15 (31:54):
And it'll be about possibly also changing things that the
government said that they're funding again, given a lot of
tax breaks to different sectors. It's all about choices. Every
political party will have that choice. We've still got another
budget to go and we will make sure that our
fiscal plan is measured, it's responsible, and it adds up.
We didn't promise two hundred and fifty dollars of tax
(32:17):
cuts two people. We still can't find a family who
actually got the four two fifty.
Speaker 2 (32:21):
Barbara, appreciate your time this morning, Barbara Edmunds, Labor's finance spokesperson.
Speaker 3 (32:25):
You're on news Talk, said B.
Speaker 1 (32:26):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and one roof make
your property search simple.
Speaker 3 (32:35):
News talk Z.
Speaker 2 (32:36):
Five to six on news Talk, said B. See, there's
a crazy guy over in the States in DC outside
the Israeli embassy who shot dead two staffers. And you
remember we had the guy who shot the health executive
in New York City as well, allegedly. You just kind
of despair, don't you. Those are both young people who
are presumably given what they've said, on some kind of
(32:59):
cruise and people have ended up dead. Mike's here in
the studio with me this morning, as he always is.
Hey Mike, Hey, Ryan, Now what's on the agenda this weekend?
I've got this weekend?
Speaker 12 (33:11):
Yes, oh, I got a lot of good times lined
up from a tremendous amount of drinking.
Speaker 3 (33:15):
And you're not No, I'm not you two. Your body's
a temple.
Speaker 12 (33:19):
Body is a temple. So I'll be praying to that body, Ryan,
is what I'll be doing. And I'll be decompressing after
another hard week dealing with you, Nikola Willis. Nikola Willis Is,
And do you know what I like most of all
yesterday two hundred million dollars for the oil because that's
skin and the game money. So what they're doing is people,
mister it is. They're going if you want to come
in and explore for oil in this country, will go
in with you.
Speaker 2 (33:40):
So it's a government to be going into business.
Speaker 12 (33:41):
That's the risk side. But because our reputation is so
badly damaged, they need to do it. And so that
gives intent. It's intent to say we're serious.
Speaker 2 (33:49):
And hard for the other lot to come in and
pull out. Precisely, all right, Nichola Willis with Mike this afternoon,
this morning, rather have a great day.
Speaker 1 (33:57):
For more from early edition with Ryan's Bridge, Listen live
to News Talks ITB from five am weekdays, or follow
the podcast on iHeartRadio.
The issues, the interviews and the insight. Ryan Bridge on
an early edition with one roof make your Property Search
Simple used talks'd be good morning.
Speaker 2 (00:13):
It is six a half to five year on news
Talk said be Friday morning.
Speaker 3 (00:17):
Welcome.
Speaker 2 (00:18):
It's an early edition budget special this morning, and that
means we get to speak to Barb from Accounts. That's
barbar Rudmonds from the Labour Party. Also Shammabil Yako will
join us talk about the Kiwi Saber changes. We are
going to go to Vincent mcavny, who's in the UK
net migration there down fifty percent in the last year.
We'll ask why piney on the Auckland FC almost to
(00:39):
sell up for them this weekend and Trump gets his
big beautiful bell through the house.
Speaker 1 (00:47):
The agenda.
Speaker 2 (00:48):
Outrage in the US this morning, our two staff at
the Israeli Embassy were shot dead in Washington, d C.
This is the suspect being detained yet one of those
the Attorney General speaking out, this is the last thing.
Speaker 4 (01:12):
These two young people, they were at a religious event
right around the corner from where we're standing, a religious
event with friends and with coworkers. They walked outside to
go home and were gunned down. That cannot happen in
our community. And this is the day where we all
need to come together, no matter what religion we are.
Speaker 2 (01:32):
Now Trump's big, beautiful bill, He's a happy chappy this morning,
has passed the House, very slim, but past the House.
So this is your tax cuts from the first time
he was president. It's ending taxes on tips, it's increasing
your military, your border spending. All that stuff still needs
to go through the Senate, where probably they'll get more
of the tug of war and some compromise. The UK
(01:53):
has signed a deal to seed sovereignty of the islands
of Mauritius. Deal was signed off by key allies, including
New Zealand. It will allow the UK to lease the
military base there for the next ninety nine years.
Speaker 5 (02:07):
His starma, the strategic location of this place is of
the utmost significance to Britain, from deploying aircraft to defeat
terrorists in Raq and Afghanistan to anticipating threats in the
Red Sea and the Indo Pacific. The base is right
but the foundation of our security.
Speaker 2 (02:27):
It's seeding sovereignty of the Chagos Islands to Mauritius now,
after intense international pressure, it seems AID trucks are now
making it to those who need it. In Gaza. Israel
was blocking the AID of course being distributed, but now
at least forty trucks are being dispatched, but still not enough.
Speaker 6 (02:43):
They say they need at least one hundred trucks a day,
if not more, to get through the border to address
the needs of the people in there. The unsay there's
been disagreement between them and the Israeli army over safe
passage without the AID being looted or robbed.
Speaker 2 (02:59):
On the other are you an Addi Das fan and
Adidas fan? Well, sorry, but like Nike, they're going to
put their prices up on trainers and clothing. They put
the blame squarely on Trump's tariffs. Nike hasn't explicitly named
them as a reason yet, but added as says it
regularly makes quote price adjustments.
Speaker 1 (03:18):
The first word on the News of the Day early
edition with Ryan Bridge and One Room to make your
Property Surge Symbol News Talk Zippy.
Speaker 2 (03:29):
Nine minutes half to five nine two nine two is
the number to text I'd love to know your score
for the budget out of ten.
Speaker 3 (03:34):
It's a pretty meaningless.
Speaker 2 (03:35):
Scale really, but I'm just inton to know what your
gut reactions were to it, your feelings, S and P.
The rating agency is actually not having great gut reactions
to it. So this is the SMP note from them
last night. Spending cuts only partially offset the expected decline
and revenue growth due to a weaker economy and a
new accelerated depreciation policy. This is the business boost part
(03:56):
of the package you would have heard about yesterday. They say,
out our elevated twin deficits that's our fiscal deficit and
our current account deficit are weaknesses that could weigh on
our credit rating. That is a bad thing because when
they hit your credit rating, you pay more for your debt,
and it's all very already, very very expensive for us.
We basically the problem is we spend more than we
(04:21):
earn overseas, and our government at the same time spends
more than it earns from taxing us. That is called
living beyond your means. We'll ask Barbara Edmonds what she
thinks about that later on in the program. The reaction
yesterday to the budget on the news, lovely bunch of
older ladies outside Parliament absolute charmers. Have a listen, I said, I.
Speaker 7 (04:46):
Can't believe it's still fighting this at my age seventy two.
Speaker 2 (04:51):
Yeah, semed a bit feral on the news last night.
I don't think they do themselves any favors that they
were at a pay equity protest because they just look
a bit silly, look a little bit rabbit, you know,
old unionists from way back swearing across the four quarter
of Parliament at the government. They looked like bollocks man
from the train station inside Parliament.
Speaker 3 (05:11):
What was going on? Where was to party? Mardy?
Speaker 2 (05:14):
Remember remember all of the fuss that was made to
get them there, and the seats were empty. Where were
they skipping class after all that fuss? So Chris Bishop
tweeted a photo yesterday of Nikola Willis because she goes around,
hands out the budget to everyone, two empty seats for
the leaders of the to party Mardi, no debs, no arwity.
And then Debbie does a Facebook post because they looked up.
(05:37):
I was like, where we were they anyway? She does
a Facebook post, she's at home. She hits back and
it sounded a little bit like you know when kid
gets in trouble and over explains themselves. She said this
unlike his party of privilege. We run like AMAI and
everyone carries the co pupper. We had one MP on media,
(05:58):
one MP speed and the House one on Budget analysis
whatever that is, one inside the budget lockdown and one
on the pay equity protest that was happening outside, and
then another one holding the line on the Regulatory Standards Bill. Now,
anyone who knows Parliament will know just how close the
(06:20):
fore Court of Parliament is to the debating chamber. It
will take you two minutes to walk there. The protest
was at one pm, the budget was at two, honestly,
and you need one to do media. Most MPs do
media on the way into the house. The one who
went to the lockdown again it finished at too.
Speaker 3 (06:39):
The house starts at two.
Speaker 2 (06:41):
It literally makes no sense. As for those kids who
are sitting around on the xbox and getting the doll,
that'll now your parents will now be means tested for this.
There was applause from some, but there was shock and
horror from others.
Speaker 8 (06:53):
This was a had pushback on parents to take that responsibility.
Speaker 2 (06:58):
Hack that responsibility. We actually agree with these parents who
were on the news last night. It is not a
parent's responsibility to look after an eighteen or a nineteen
year old who won't work.
Speaker 3 (07:12):
I agree with you, but it's certainly not mine, right
iron Bridge Bridge, it's this.
Speaker 2 (07:17):
In minutes after five, you're on News Talk ZBB. We'll
get to Shower Bill Jacob next, plus Jason Pine standing
by Auckland FC here on News Talk SEDB, on.
Speaker 1 (07:26):
Your radio and online on iHeartRadio. Early edition with Ryan
Bridge and one Roof to make your Property search simple
Youth Talk z B.
Speaker 2 (07:37):
It's quarter past five News Talk zid B. Garrisays morning Ryan,
seven out of ten for the budget last night. I'm
hoping our tax take will improve operating balance, especially from
farming and ird from the money owed to the government. Gary,
thanks for your message this morning. Another says nine out
of ten. Let's get to key we Saver. And now
we've got changes to key we Saver as promised. The
(07:57):
default key we Saver contribution will increase from three of
four percent that falls on you, the worker or the employer,
and the government has its contribution to a maximum of
two sixty a year. The savings for the government two
and a half billion dollars over four years. Shama Bill
Jacob is economist at Simplicity with me this morning, Shoma,
Good morning, good morning. So, if you're for a young
(08:18):
person who's saving for their retirement, the net result of
all these changes are you better off or worse off
by the time you get there.
Speaker 9 (08:28):
You will be better off because you will have more
money in retirement, but you will have less money in
your back pocket on the way through.
Speaker 2 (08:35):
So does that mean over my lifetime am I better
or worse off? Presumably better off because if I'd spent
the money rather than saved it, I wouldn't get compounding returns.
Speaker 3 (08:46):
This is it.
Speaker 9 (08:47):
So the way it works is for the average person,
your q server contributions will increasp about a thousand dollars
a year, Your tea compare will fall by about seven
hundred fifty dollars a year, and the government's revenue will
increase BM but five hundred dollars a year.
Speaker 2 (09:03):
So anyone will lose. Anyone who will be paying any
extra percent will lose seven hundred and fifty dollars a year.
Speaker 3 (09:09):
On average.
Speaker 9 (09:10):
The average person who's on earning seventy five thousand dollars.
That's the typical wedge.
Speaker 3 (09:14):
For a QII. Okay, and how's that going to go down?
Do you reckon.
Speaker 9 (09:19):
Well, I think that's the main worry about this thing.
So I actually like the fact that we're going to
increase contributions because we actually to increase even more over time.
Australia is going to twelve and a half percent. But
for people who are in mid, middle or low income
that reduction in Tea Compei might be a bit of
a concern, especially given the current cost of living crisis
and people are still struggling.
Speaker 2 (09:40):
Right the government's sweetener for Kiwi savor that's obviously getting
the chop are halved, but also means tested. This is
a retirement savings scheme, and where means testing the government
contribution a little ironic, we're not means testing that Super two.
Speaker 3 (09:57):
Well, that was my thought.
Speaker 9 (09:59):
It feels right that we are means testing because you know,
for people like me who are earning good money, we're
doing enough to save for retirement. But it seems ironic
that we are very clear about means testing this particular subsidy,
which only doesn't know, only cost about a billion dollars
this year, right, but Super is going to cost US
(10:19):
twenty five billion dollars and it's increasing by one and
a half billion dollars a year. So there's this kind
of weird kind of political incoherence that's taking place, But
it's not surprising.
Speaker 3 (10:27):
We've been doing this for decades, right Yeah, And once
Winston's gone, it'll all be sorted, I'm sure.
Speaker 2 (10:33):
Shammi thank you. Shamabu Jacob, a Simplicity chief economist with
me this morning, a budget reaction eighteen minutes after five
loads of texts coming in on people are talking about
eighteen and nineteen year olds sitting on their butts playing PlayStation,
which is not what anyone who's playing an AUCKLANDFC would
have been doing when they were eighteen or nineteen. That
(10:53):
would have been out on the football field. Piney on
that Next News.
Speaker 1 (10:57):
And Views you trust to start your day is the
edition with Ryan Bridge and One Room Make Your Property
Search Simple, News TALKSB.
Speaker 2 (11:06):
Five twenty one on your Friday morning here on News
Talk SB. We'll get to Barbara Evans from Labor just
before six o'clock. Right now, it's game two. It is
the crunch time for Auckland FC. They're taking on Melbourne victory.
This is the second leg of the A League semi Final.
This weekend they hold a one nil advantage right now,
twenty eight thousand fans heading to Mount Smart. Jason Pine
football commentator in News Talk ZBIS week in Sport host
(11:26):
with me Piney, Good morning, get I Ryan. So what
are they going to do here?
Speaker 7 (11:31):
Well, I mean I think they'll be. I think they'll
be exactly the way they've been all season, which is
going out to win football matches. There they're one nill ahead,
as you say, so they know that if they don't
concede they make the Grand Final. It's all done on aggregate,
So anil all draw, for example, would get them through
one mill on aggregate. But I just don't think it's
(11:53):
an Auckland f c's DNA to sit back and defend
for ninety minutes. And I don't really think they'll do
anything other then go out tomorrow night and try and
win this football match and sort of stride confidently into
the final next week rather than just sort of you know,
defend for ninety minutes and squeak in that way. So yeah,
I think we'll see the Aukland f C we've seen
(12:13):
pretty much all season, a very very good football side
that likes to you know, obviously be tight at the back.
You know, but when the opportunity presents attack, I think
we'll see some goals tomorrow night without a shadow of
a doubt.
Speaker 2 (12:26):
Plus, if they can go one nill in Melbourne, then
surely they can go one better here.
Speaker 7 (12:31):
Yeah that's a very good point. Yeah, you expect to
win your home games. You expect that home advantage means
just that that you have the advantage, and you talked
about the crowd and my goodness, it's going to be
something else tomorrow night when when that game kicks off,
and if Auckland f C can get the job done.
Of course we know that next Saturday they'll host the
(12:53):
Grand Final at the same venue, so there's huge incentive
there for them to get the job done. For the
fans that we'll turn up, they would love one more
opportunity over Ken's birthday weekend to chair this team in
a Grand final. So yep, your home advantage means just that,
and it's been it's been something that Auckland f C
have taken good advantage of the season.
Speaker 2 (13:12):
You'll be their commentating. Of course, do they give you
extra soundproof glass because of the of the sound.
Speaker 7 (13:19):
Well I might need it, I tell you, you know, they've
added extra seats, they've added extra hospitality. I think every
space that's available at the ground will be utilized. But look,
you have to give it to Auckland f C's you know,
fan base. Just how quickly this has become a thing.
You know, I mean, eighteen years without a team in Auckland,
(13:41):
and there were doubts after what happened to the nights
back in the you know, two thousand and five, two
thousand and six time frame, that people would turn up. Well,
goodness made They've turned up and some and made some noise.
So yeah, I think I think anybody expecting or wanting
a quiet night should steer clear of I'll go medium
out smart tomorrow night.
Speaker 3 (14:02):
Good advice, Jason.
Speaker 2 (14:03):
Good to have you on as always, Jason Pine, football commentator,
weeknd Sport hosts right here on news Talk, said B
twenty four minutes.
Speaker 3 (14:09):
After five lots of your text, we'll get to.
Speaker 2 (14:10):
Them soon on the eighteen and nineteen year olds, some
really good ones and actually there's there's arguments on both sides.
Speaker 3 (14:16):
I'll get to news Talk, said B.
Speaker 1 (14:18):
The early edition full the Show podcast on iHeartRadio Power
by News Talks AB.
Speaker 2 (14:25):
Good Morning, twenty six after five, and guess what things
are looking up? Futures looking bright everybody, not from the
budget announcements themselves, necessarily, but the treasury forecasts if they
are to be believed, and I'll more on than a second,
we'll he just shy of three percent growth next year,
It'll average two point nine percent, so basically three percent
(14:48):
across the next four years. Unemployment back below five, inflation
down at two, wages growing faster than costs at two
point seven percent.
Speaker 3 (14:57):
Great, but there there is a dip.
Speaker 2 (15:01):
This is an update on the halfierly the HAFU. There
is a dip first to get through of down point
eight percent. The government surplus also a fly in the ointment.
Despite that average growth of almost three percent a year
for the next four years, Willis won't in any of
these years return the books to surplus and actually start
(15:22):
paying down the debt. It's very expensive. Costs us more
to service than defense, police, corrections, justice, and customs combined.
It peaks at forty six percent in twenty twenty eight
and won't come down below the forty percent target band
in this forecast period. And you say why I do?
I say why not? Net debt doubled under the last lot,
(15:44):
and your net borrowing is still increasing as a proportion
of the economy, and the economy is going to grow.
Willis says this would have required harsher cuts, you know, health, education,
that stuff.
Speaker 3 (15:56):
If you were running a business.
Speaker 2 (15:57):
Though, you'd got the costs, wouldn't you. There's more fat
to trim. But Willis sadly is not running a business,
She's running a country. You cut too deep and you
risk being turfed out in twenty twenty six and the
next lot, reversing the cuts you've made. Anyway, in a way,
deep cuts less sustainable politically than smaller, incremental ones. And
(16:20):
this is not to take away from the growth track.
The question of reliability is a reasonable one to ask.
Treasury has been wrong before. We know that the elephant
in the White House is, of course Donald Trump. He
is to economists what cyclones are to meteorologists, quite hard
to predict with accuracy. Trying to nail down an accurate
(16:41):
forecast is a bit like trying to whack a pinata
blindfolded and drunk. So all of this is to say that, finally,
on the whole, you'd have to feel a bit more
hopeful about the future of this country today than you
did yesterday, Ryan Bridge?
Speaker 3 (16:59):
Do you nine? After five?
Speaker 2 (17:02):
Someone said, well, actually we'll come back to these. This
is the eighteen or nineteen year olds who will have
to rely on mummy and daddy to get by if
they don't have a job, because the doll is going
to be means tested. Your reaction to that, Plus Vincent
McAvennie over in the UK's coming up next here on
News Talk SIBB.
Speaker 10 (17:20):
Me too, what you what you?
Speaker 1 (17:25):
What you mean?
Speaker 4 (17:25):
Me do?
Speaker 3 (17:27):
What?
Speaker 8 (17:28):
What's your.
Speaker 11 (17:32):
What you me?
Speaker 9 (17:34):
What?
Speaker 12 (17:36):
What should do you do? Look what you just made
me do?
Speaker 1 (17:40):
Ryan Bridge on early edition with one roof make your
property search simple?
Speaker 3 (17:46):
Youth Talk zibby.
Speaker 2 (17:53):
Good morning, twenty four minutes away from six year on
News Talk Saibb.
Speaker 3 (17:56):
So we've got our budgets.
Speaker 2 (17:57):
Here in New Zealand, announced yesterday. Over in the United States,
Trump's Tax and Spend Bill has passed. It's reading in
the House. It will now go through the Senate. We're
going to get to Labour's Barbara Edmonds just before six
o'clock for reaction. They're being accused of misinformation of course
over this whole thing.
Speaker 3 (18:14):
Will talk to her.
Speaker 2 (18:15):
Plus net Migration to the UK down fifty percent. Vincent mcavinie,
our correspondent, on that couple of texts on eighteen and
nineteen year olds, you know, sitting on the couch, smoking weed,
doing nothing, and now mum and dad will have to
pay for them, not the state. Well, the parents will
be means tested. So if you've got wealthy parents and
the kids on the couch, then they won't get money
(18:37):
from the state. Ryan old enough to vote. This is
from Stephen, old enough to vote, old enough to receive
whatever the other adults do and are entitled to.
Speaker 3 (18:46):
Which is kind of an interesting point.
Speaker 2 (18:49):
I mean, if I could, I could do that right
now and I would get paid money from the state.
Why shouldn't an eighteen year old they can vote, they're
old enough to vote. They're an adult too in the
eyes of the The problem is, if you look at
the numbers, anyone an eighteen and a nineteen year old,
if they're on the doll at that age, we'll spend
an average of eighteen years on it. Twenty three away
(19:13):
from six Bryan Bridge, our reporters around the country this
morning Cullum's in Dunedan Cullum a charter flights to the
Bluff Oyster and Food Festival is a.
Speaker 13 (19:24):
Shell out, Yes it is, and it didn't take long
to sell these seats. In New Zealand release the special
package for North Island.
Speaker 3 (19:32):
As last November.
Speaker 13 (19:33):
This is a return flight from Auckland tomorrow along with
a ticket to the Bluff Oyster and Food Festival in
New Zealand. Says it's been their fastest selling charter so far.
All seats booked out within the hour and there will
be one hundred and seventy seafood superfans on that flight
tomorrow into the South for what is one of the
highlights of the year here the iconic Bluff Oyster and
(19:53):
Food Festival. It is now officially a sellout itself the
event more than four thousand expected. There one concern, though,
Ryan the weather this week's prevented the oyster boats from harvesting,
so there's some nervous organizers. The hopeful to get out
today though, to stock up on the delicacy ahead of
the big festival.
Speaker 3 (20:10):
What would it be without the oysters? Just bluff?
Speaker 13 (20:13):
I suppose how's your weather fine today? With high cloud,
westerlies easing and the high sixteen.
Speaker 3 (20:19):
Thanks Callum Clears and christ Church Clear good morning.
Speaker 10 (20:21):
Good morning.
Speaker 3 (20:22):
Now what's wrong with your water?
Speaker 2 (20:24):
Well, what is wrong with our water?
Speaker 4 (20:25):
Or maybe not?
Speaker 14 (20:26):
So it turns out that all but one of christ
Church's water treatment plants have been found to be compliant
with national Protosia drinking water standards. So the city Council's
done I think more than three four hundred samples, analyzed
them and found that forty four out of the forty
six plants are compliant. This is particularly interesting because there
has been a bit of too and throwing over our water. Recently,
(20:48):
Greenpeace came out declaring that TOMA to otherwise claim that
we had the highest equality water was misleading. So Council's
gone through this process. The head of Three Waters, Gavin Hutchinson, said,
achieving this Class one compliance means it's avoided having to
install any PROTOSO barriers, which will save us a lot
of money. That said, he does warn there are still
(21:10):
contamination risks within the network of pipes. So unfortunately for many,
our coronation is here to stay.
Speaker 3 (21:16):
It's still the best water in New Zealand, isn't it clear?
Speaker 13 (21:18):
Ye?
Speaker 14 (21:19):
So another reason to move here.
Speaker 3 (21:21):
True, you've get a good sales pitch this week.
Speaker 14 (21:23):
How's your weather frosty to start, then clearing to find
Northwesterly's turning northeast and fifteen degrees.
Speaker 2 (21:30):
Last son, Thanks Claire, Max and Wellington Heymax, good morning.
So you've had your What are we Are we keeping
the Bagonia House?
Speaker 3 (21:36):
Are we keeping?
Speaker 12 (21:37):
Yeah?
Speaker 2 (21:37):
The pools?
Speaker 11 (21:38):
Yeah yeah yeah, all the good community things, the swimming pool,
the events center in Krori, the glasshouse. All got the
big ticic by council yesterday. Water reform that was maybe
the big ticket that got the sign off as well.
Goodbye Wellington Water, we hardly knew you. Hello, new joint
entity with the Hut Polydor and Regional Council. Three councilors
(21:58):
for some reason voting to keep Wellington Water, but a
pretty strong majority to ditch it. Also a big compromiser
for airbnb owners and Wellington not happy at the proposed
rates increased for them. That was compromised. It came down
new parking fees for motorbike riders a dollar an hour
Monday to Friday. Eighty percent of the public didn't want it,
but it's happened anyway. Similarly, a motion to investigate whether
(22:21):
the Golden Mile could be delayed a little none of
the Meyrial candidates wanted. Obviously, that was a shot down,
full steam ahead in Wellington.
Speaker 3 (22:29):
So how does this all add up?
Speaker 2 (22:31):
I don't even want to ask. You get everything and
you pay everything too. How's your weather?
Speaker 3 (22:36):
See?
Speaker 11 (22:37):
Exactly fine with light Wedding sixteen the High Central.
Speaker 3 (22:40):
Thank you neighbors, an Auckland, Hey Neava, good morning. Who's
giving away a million dollars? Can you believe it worth
of art?
Speaker 10 (22:46):
Exactly? So this is I kid you, not an Auckland
artist giving away one million dollars worth of art. This
is an exhibition with a twist. So one hundred original
artworks veer up for grabs tonight. Now this is Jackarden's
exhibition called money Laundering. Now with the legal contract in tow,
the piece is are deemed inauthentic if sold for less
(23:08):
than ten thousand dollars. So it's freeze giving away one
hundred pieces. But you can't on sal it. So Carden
says it's a distribution of one million dollars in conceptual value.
He says having the artwork sold for less than ten
thousand dollars destroys a chance to appreciate further, which is
the point. So there's you know, like legal contracts and
all that. So the exhibition it's on tonight on k
(23:30):
Road from six o'clock.
Speaker 3 (23:31):
So no one pays anything.
Speaker 10 (23:33):
No one pays anything. You'll give them away. But that's
the whole crux of it. You can't on sell it
for less than ten thousand dollars, right, So that's his
whole point.
Speaker 3 (23:42):
But who better? Who would want to buy them? Well,
you're just giving them away.
Speaker 2 (23:47):
You just give me them away if you haven't seen them,
and I thought it means they're worth nothing.
Speaker 10 (23:51):
I'm just wondering, you know, because you never know. They'll
probably be ques down k row. Oh that's true, because
that's the kind of thing that the arty, farty world
people of weird like that. Yes, that's why we're not
artie people.
Speaker 3 (24:03):
Yeah, oh they don't like it.
Speaker 5 (24:04):
We love it, right, we stick figures.
Speaker 10 (24:07):
I'm going to try to be an artist.
Speaker 2 (24:09):
We should do the same.
Speaker 3 (24:10):
How's the wea They neither cloudy?
Speaker 10 (24:12):
Isolated, showers clearing this afternoon, eighteen is the high here
in Auckland.
Speaker 3 (24:15):
Brilliant.
Speaker 2 (24:16):
Thank you you're on News Talks B seventeen to six.
Barbara Edmunds next, Vincent mcaveny.
Speaker 1 (24:20):
Next international correspondence with insign Eye Insurance Peace of Mind
for New Zealand Business called the.
Speaker 2 (24:27):
Sticked On News Talks to the Abili Skips to Vincent mcaviny,
our UK europe correspondent, Vincent, Welcome to the program. So
we've got the UK handing over sovereignty to the Chagos
Islands to Mauritius. But then there's a leaseback deal happening too.
Speaker 8 (24:41):
Yeah, good morning.
Speaker 12 (24:42):
That's right.
Speaker 8 (24:42):
This has been a long running dispute over the sovereignty
of these islands in the Indian Ocean. This negotiation was
actually started back in the previous Conservative government and it's
been had to be carried on by labor because of
the sovereignty dispute. So what we're doing now is transfer
vowing sovereignty but leasing it for ninety nine years with
(25:03):
a possible option of forty more for around one hundred
million pounds a year. Now why are we paying that much? Well,
is because it has one of the top bases for
both the UK and the US. It's one of the
world's most secretive sites. On this paradise island sort of
sits kind of roughly between where you might It has
an airport, so planes can take off there and reach
(25:25):
both the Middle East and Southeast Asia if needed, and
it's seen as a key strategic location that both countries
needed to hold on to despite the dispute over sovereignty.
Speaker 2 (25:36):
What about nit migration your numbers this is for the
UK down by almost fifty percent.
Speaker 8 (25:42):
Yeah, a huge fall down to four hundred and thirty
one thousand in the twelve month period. The previous year
it was eight hundred and sixty thousand, And really that
number is what did it in for the Conservatives at
last year's general election. There was a sort of huge,
huge number that year, in part because pandemic restrictions around
(26:03):
the world were lifted and we saw a sort of
rush of people to the UK. But what is being
cited now is changes that the UK made over the
last government. So for instance, people coming to study here
at universities can't bring family members automatically any more, and
some other measures. And then Labor on top of that
has changed our rules to try and reduce this number
(26:24):
even further, with a new immigration bill last week putting
things like language requirements in another tougher restriction. So voters
continuously in this country saying immigration is the key issue
for them and whether or not Labor can sort of
use these numbers to beat back Nigel Faraj and the
Reform Party in the polling remains to be seen.
Speaker 2 (26:44):
Thanks so much for that, Vincent. Vincent mcavinni our UK
europe correspondent. Time is twelve minutes away from six News
Talks you b Bryan Rich Can we save pay equity?
Text changes for businesses? Some of the big things to
come out of Budget twenty twenty five delivered by the
Finance Minister yesterday. Joining us this morning is Barbara Evans,
Labour's finance spokesperson.
Speaker 15 (27:06):
Good morning, Good morning, Ryan's big days today, wasn't it?
Speaker 3 (27:09):
Big day?
Speaker 2 (27:10):
Big day and a big claims made as well. Barbara,
You've been accused your party been accused of spreading misinformation
saying that the key we saver for your average young
person they would be sixty six thousand dollars worse off
after the changes. Will young people young kiwis be worse
off or better off as a net result of the
(27:32):
changes announced yesterday?
Speaker 15 (27:34):
So the sixty six thousand dollars less is what we
calculated from the removal or the halving of the government
contribution so I understand that with them increasing their contributions,
if they increased them to four percent, because members, they
could drop them down to three and then their employer
(27:55):
lifting it up to four percent as well. Next they'll
be better off. But they could have been way better
off if the government had kept the contributions.
Speaker 11 (28:04):
In as well.
Speaker 3 (28:05):
So you would reverse that.
Speaker 15 (28:08):
We're not going to reverse anything. We're not going to
say we're going to put it back in to yesterday
and today is about working through that budget and we
will come together with our fiscal plan pay equity.
Speaker 2 (28:19):
You have already said you would reverse that law change.
Will you restore the full close to thirteen billion dollars
that was taken from to use your words, rated from
the kitty.
Speaker 15 (28:32):
Yeah, we're absolutely committed to pay equity. What we need
to do is work through how they got to that
twelve billion dollar figure, close to thirteen billion dollar figure.
That'll probably come up with the budget, release of the
documents and in probably about two months time. We need
to work through that, but we will ensure we don't
we do not shirk our responsibility and we don't want
(28:55):
women to be paid less. So we're going to work
through that Kevlen and sure we have appropriate contingency set
as for it.
Speaker 2 (29:00):
So you will confirm that you'll get you'll restore the
thirteen billion dollars.
Speaker 15 (29:05):
We will, we confirm we're going to reverse the changes.
We're going to work through to see how the government
got to that thirteen billion, because there was confusing messages
from the government throughout the House in the last three weeks.
That's the way understand wasn't.
Speaker 2 (29:18):
It wasn't that confusing yesterday it was close to thirteen
billion dollars.
Speaker 3 (29:21):
I mean, you can't have it both ways.
Speaker 2 (29:22):
You can't run around and say this is women being
thirteen billion dollars has been stolen from women, and then
on the other hand say, actually, we don't know if
that number is right.
Speaker 15 (29:34):
We're going to absolutely make sure we set aside the
appropriate contingencies for it, and we want to work through
to understand how they got to that figure. We are
absolutely committed to pay equity, right, absolutely committed to it.
Speaker 2 (29:45):
Would you keep the learning support funding?
Speaker 15 (29:49):
The learning support funding is a good thing, right, But
the problem is they've taken money from elsewhere within the
education system. So again, like everything else in the budget,
like everything, we will take to the next election. We
will work through it carefully and we're part of our
fiscal plan going forward.
Speaker 2 (30:05):
So you won't commit to keeping that learning support which
has been welcomed by the unions.
Speaker 15 (30:10):
We welcome extra support for learning support, but does that
have to be at the cost of something else in education?
And the government also gave tax breaks to multinational companies
two point nine billion dollars to landlords. You know there
is funding there because it's about choices. They just have
to choose, and the choices we will make will be
covered in our fiscal plan.
Speaker 2 (30:29):
The problem is you're doing a lot of choices and
not a lot of cutting. Right, So are you sticking
to Grant Robertson's and Treasury's fifty percent cap or not?
Speaker 15 (30:39):
We are working. We are working currently within that cap
that was given to us, both that the government is
working under and part of our fiscal plan.
Speaker 2 (30:47):
But again at the elect choice that was at the election.
You won't exceed if your plan won't exceed a fifty
percent cap. You're confirming that for us this morning.
Speaker 15 (30:56):
There is still another budget to go, Ryan, and we
still have time to put together our fiscal plan the
way we currently work it and it's the way that
we started with our own fiscal plan in twenty twenty three.
We will work through it carefully and everybody will be
able to see our plan when we announce it.
Speaker 2 (31:12):
Will you get to surplus the same time as national
or would you push that out? Be happy to push
that out again?
Speaker 15 (31:18):
Well then even that's questionable, right, I mean, I've seen
so many commentators saying, well, do they really think they're
going to get that way for thin surplus by ober
gal x which is a new measure they put in
by that time.
Speaker 11 (31:30):
But what.
Speaker 15 (31:32):
It's about our fiscal plan. We're going to work through
it carefully and we will announce it in due course
when it's time.
Speaker 2 (31:38):
But the problem you've got, Barbara, is that it's not
adding up right. You've promised so many things, You've promised
to restore so many things. This is going to mean
either borrowing or taxing or pushing surplus out or all three?
Speaker 3 (31:52):
Which will it be?
Speaker 15 (31:54):
And it'll be about possibly also changing things that the
government said that they're funding again, given a lot of
tax breaks to different sectors. It's all about choices. Every
political party will have that choice. We've still got another
budget to go and we will make sure that our
fiscal plan is measured, it's responsible, and it adds up.
We didn't promise two hundred and fifty dollars of tax
(32:17):
cuts two people. We still can't find a family who
actually got the four two fifty.
Speaker 2 (32:21):
Barbara, appreciate your time this morning, Barbara Edmunds, Labor's finance spokesperson.
Speaker 3 (32:25):
You're on news Talk, said B.
Speaker 1 (32:26):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and one roof make
your property search simple.
Speaker 3 (32:35):
News talk Z.
Speaker 2 (32:36):
Five to six on news Talk, said B. See, there's
a crazy guy over in the States in DC outside
the Israeli embassy who shot dead two staffers. And you
remember we had the guy who shot the health executive
in New York City as well, allegedly. You just kind
of despair, don't you. Those are both young people who
are presumably given what they've said, on some kind of
(32:59):
cruise and people have ended up dead. Mike's here in
the studio with me this morning, as he always is.
Hey Mike, Hey, Ryan, Now what's on the agenda this weekend?
I've got this weekend?
Speaker 12 (33:11):
Yes, oh, I got a lot of good times lined
up from a tremendous amount of drinking.
Speaker 3 (33:15):
And you're not No, I'm not you two. Your body's
a temple.
Speaker 12 (33:19):
Body is a temple. So I'll be praying to that body, Ryan,
is what I'll be doing. And I'll be decompressing after
another hard week dealing with you, Nikola Willis. Nikola Willis Is,
And do you know what I like most of all
yesterday two hundred million dollars for the oil because that's
skin and the game money. So what they're doing is people,
mister it is. They're going if you want to come
in and explore for oil in this country, will go
in with you.
Speaker 2 (33:40):
So it's a government to be going into business.
Speaker 12 (33:41):
That's the risk side. But because our reputation is so
badly damaged, they need to do it. And so that
gives intent. It's intent to say we're serious.
Speaker 2 (33:49):
And hard for the other lot to come in and
pull out. Precisely, all right, Nichola Willis with Mike this afternoon,
this morning, rather have a great day.
Speaker 1 (33:57):
For more from early edition with Ryan's Bridge, Listen live
to News Talks ITB from five am weekdays, or follow
the podcast on iHeartRadio.
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