August 26, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Wednesday 27th of August 2025, the government's introducing a new investor Visa, Auckland Business Chamber CEO Simon Bridges shares his thoughts.
A new Westpac report into economic conditions across the Tasman shows our growth rate may outpace Australia's in the coming years.
Migrants will no longer be taxed on estimated overseas income, only on what they actually earn, Business NZ Immigration specialist Rachel Simpson shares her thoughts.
Plus, UK/Europe Correspondent Gavin Grey has the latest on Nigel Farage’s new political party, Reform UK, saying it would be prepared to deport 600,000 migrants over five years if it won power at the next election.
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
Earlieritia with one roof love where you live news talks,
there'd be good morning.
Speaker 2 (00:10):
It is six alf to five. Great to have your
company our lead interview this morning, the new business Investi
vis Auckland cheerleader Simon Bridges on the show, Gavin Graham
the UK for US tax changes coming for skilled migrants.
Plus we're about to overtake Australia on growth. But it's
not all good news. We've got that one from Westpac shortly.
Speaker 3 (00:31):
The agenda.
Speaker 2 (00:32):
It is Wednesday, the twenty seventh of August. Hostage families
are protesting in Israel after it bombed a hospital in Gaza.
Speaker 4 (00:38):
Were the people demand you prioritize the hostages.
Speaker 2 (00:42):
Go back to the negotiation teable.
Speaker 5 (00:44):
There's a good deal on the teable to bring all
the hostages.
Speaker 2 (00:47):
About Ntnyah, who's called this a tragic mishap, which obviously
no one is happy about. The stage between Trump and
Lisa Cook, this is the Federal Reserve governor is heading
up cooking up. Trump says, Hell, immediately fire her. This
is over the mortgage fraud claims. She's now sewing lawyer up.
She says, and you've got no authority to remove me.
Speaker 4 (01:07):
Hook, for her part, is taking a defiant stance.
Speaker 6 (01:11):
In a statement released by her lawyer, Cook.
Speaker 7 (01:14):
Said that President Trump purported to fire me for cause
when no cause exists under the law and he has
no authority to do so.
Speaker 2 (01:23):
I will not resign.
Speaker 8 (01:25):
She says.
Speaker 2 (01:26):
Yesterday I told you about Harry and Meghan's Diana Docker idea,
just an idea at this stage. Well, if you can't wait,
Season two of Meghan's reality show just dropped on Netflix.
She says she makes hot breakfast for the family every morning.
I mean, how out of touch can you be in
Montecito as She also said that it was Harry that
(01:48):
said I love you first?
Speaker 3 (01:49):
Did you tell him first?
Speaker 2 (01:51):
Does he tell you?
Speaker 6 (01:52):
He told me?
Speaker 2 (01:53):
Oh that's nice, that's funny. You started to blush.
Speaker 3 (01:58):
I will stop the final She still got it? You
still got it?
Speaker 2 (02:04):
Divorce sing.
Speaker 1 (02:07):
The first word on the News of the Day early
edition with Ryan Bridge and one Root Love Where you
Live News Talks, that'd be.
Speaker 2 (02:15):
It is eight after five. Great to have your company
nine two nine two the number of the text. Social
media is one of those things in life that's good
until it's not like fast food yum yum, yum, yum yum,
and then you're fat. You know, it's one of those.
I was chatting to a documentary making yesterday and she
did an experiment. This is what she's filmed for her documentary.
Sets herself up with an account on Instagram and she's
(02:37):
posing as a thirteen year old girl, not doing anything
on there, just logging in, didn't search for anything, logs
in scrolls just to see what the algorithm serves her up.
And what did she get? Anorexia, content, depression, anxiety content, girls, crying,
girls looking thinners, rakes and then regretting lunch. All of
(03:00):
this took four days. She didn't search anything four days.
The worst part it was under Instagram's new teen safety
account settings. I mean, give me a break. Obviously been
a roaring success, that hasn't it. And then there's Mesa.
The Herald had a piece yesterday which is interesting about
businesses here in New Zealand have been locked out of
(03:20):
their own business accounts. The bots over in America apparently
decided that they were posting explicit content, which they weren't,
but their accounts were shut down. And imagine building up
that following. You know that one of them was a
wedding photographer, building up that following over years, that business,
and then all of a sudden click of a button,
it's gone. Try contacting Silicon Valley for help, Well, you'd
(03:45):
have more luck getting a reply out of Santa frankly.
And then there's the media ad revenue situation. There's a
whole bunch wrong with social media. So what do you
do about it? Temptation is to crack down, legislate, tax
big tech. That's you, that's the levers you can pull.
But take on big tech at your peril because guess
(04:06):
who has their back? Donald J. Trump? And overnight he's
again shown why governments like ours are pretty much powerless
to do anything meaningful about social media. Tax my tech
firms and old tariffire. That's pretty much what he said.
Our government's hands are basically tired on this, but ours
are not. We can control how much we use these apps,
(04:28):
and in doing so, teach our kids a lesson about
how much they should be using them too.
Speaker 3 (04:34):
Bryan Bridge, you're on.
Speaker 2 (04:35):
News Talks AV coming up next to look at the
Aussies versus the Kiwi's. This is on GDP it's it
looks like a good news story, and it is a
good news story. We are going to overtake the Aussies
on growth in the coming years. But what's up with
the unemployment number and the labor market?
Speaker 3 (04:50):
WISPAC next Get ahead of the Headlines on early edition
with Ryan Bridge and One roof Love Where You Live.
Speaker 2 (04:59):
News Talks AB. He's on five point thirteen on News
Talks there B. We've got the SEAK Employment report out.
This is for July. Volumes no change. This is month
on month, quarter on quarter, no change. Year on year.
We're down two percent and applications per AD month on month,
no change. What does all this mean? Well, for ten
months we've had no change in the volume of ads
(05:21):
on SIKH and the same number basically now as we
had in October of twenty twenty four. AD volumes are
up month on month in Canterbury, Hawks Bay, Southland, Tasman
West Coast year on year. Canterbury up seven percent, that's
not surprising, Otago up five percent, that's not surprising. But
Wellington up six percent year on year, which is interesting
(05:43):
given the state of play there. It communication. Those have
been rising steadily since November. AD volumes in construction and
professional services. Again, this wouldn't really marry up with what
you hear, but grew by a I suppose it's only
a little bit a wafer one percent over the last year.
So over the last month it is fourteen minutes after five.
(06:06):
We're about to overtake the Aussies on GDP. That's the forecast.
GDP growth here should hit two point four percent by
the end of this year, the Aussies two percent twenty
twenty six US three point one percent, the Aussies two percent.
But the Reserve Bank roller coaster we've been on with
the induced recession means that we're left with more spare
(06:27):
capacity in our economy. Statiste ranchod is Westpac with Westpac
and has been comparing us with the Aussies and joins
me this morning. Satiste, good morning.
Speaker 6 (06:35):
Good morning Ryan.
Speaker 2 (06:36):
So we're going to be growing faster but still have
higher unemployment for a while longer.
Speaker 6 (06:40):
Why is that exactly? We've had a deeper recession, as
you say, because we had tighter policy in the past
few years. It meant that we came to the last
downturn in a softer position in the Australians and now
while we're going to be growing, we've still got that
lingering softness in the labor market means that it's still
going to be tough for a lot of us in
(07:01):
the next few years.
Speaker 2 (07:02):
So it doesn't matter how how much how good we
get in the coming years. We're still kind of bogged
down by our past.
Speaker 6 (07:11):
We are getting better, but we do have to deal
with the fact that we're coming from a soft position,
and it's been pretty tough on a lot of fronts.
We did have quite strong inflation the last few years,
stronger than the Australians, even with higher interest rates. So
the downtown that we had was necessary to get some
of those cost of living pressures back were more manageable positions.
Speaker 2 (07:31):
Our reserve bank, obviously, with the OCO went up like
a rocket and then down like a ton of bricks.
Which reserve bank, if you had to pick one, performed
better over that period.
Speaker 6 (07:42):
I think these pluses and minuses from both strategies. Even
with those larger interest rate increases here we still had
some pretty tough inflation, and if we took a more
gradual approach, we could be still dealing with much stronger
cost of living pressures. The more moderate approach in Australia
meant that they did have a firmer labor market. Their
registrates are still tight now and even though they're coming down,
(08:03):
New Zealand's got a better growth position. It's a tough
trade off to make.
Speaker 2 (08:08):
What's driving their growth, what's driving ours.
Speaker 6 (08:12):
In New Zealand. What we are seeing are those improvements
in commodity export incomes. You're just seeing how we're seeing
better employment prospects and areas like christ Church in parts
of the South Island, and those lower interest rates here
they are going to be boosting growth, but it's taking
a while to come through across the ditch. They're still
seeing some firmness in the demand story, but some of
the big drivers from the past that are easing off,
(08:34):
especially their fiscal policy which drive a lot of activity recently.
Speaker 2 (08:38):
So tasse appreciate your time this morning. Great analysis is
always to test Rancher Westpac New Zealand senior economists time
now seventeen minutes after five nine to ninety two is
the number to text. You're on news Talk set B.
We've told you about this a while ago. The government's
trying to keep top talent here in New Zealand trying
to get investors to stay in the country. They're making
(08:58):
a few tax change you'd probably call them tax tweaks. Well,
the Minister Simon Watson has introduced the bill to the House.
Will explain that next on.
Speaker 1 (09:08):
Your radio and online on Iheard Radio Early edition with
Ryan Bridge and one Root Love where you Live News
talks'd been five nineteen.
Speaker 2 (09:19):
I'll tell you why it's all about Auckland. Even though
everyone hates Aucklanders, well not everyone, but a lot of
people hate Auckland as particularly the further south you go.
Have you ever thought about the fact that given the
current state of play, and you look at the growth
of GDP, you look at house prices, you look at
employment and otago, you basically economically need to flip the
country the other way around. We always talk about Auckland
(09:40):
being the top of the country and the South being
the bottom. Well economically, actually it's the other way around
at the moment, isn't it. We'll talk to Simon Bridges
about the government's latest move to try and fix that
and fix Auckland. That's coming up just before six o'clock,
and I'll give you my thoughts on it. At about
five minutes time as well. It's twenty half to five, Ryan, Fred.
(10:01):
So the government's pushed to keep top talent and investors
in the country. Tax tweaks being made. We knew about these.
Simon Wattsough has introduced the bill Migrants will no longer
be taxed on estimated overseas income, only on what they
actually earn. Rachel Simpson is an immigration specialist with Business
New Zealand, joining me this morning. Rachel, good morning, Good morning, Ryan.
Speaker 4 (10:20):
How are you very well, How are you very well?
Speaker 2 (10:23):
Thank you very good? Now why is it that we
were basing it on estimated overseas and come to begin.
Speaker 8 (10:29):
With Well, what the text bill does is make sure
that the immigration and tech settings makes sense with each other.
So in the case of the foreign Investment SUND rules,
there are quite a few people being caught out by
double taxation in two different countries. So we think it's
going to be a positive move to make sure that
we can attract particularly top tech talent, to make sure
that the foreign Investment sundrules realize actual income from things
(10:53):
like share sales rather than estimated.
Speaker 2 (10:55):
How many people are we talking about.
Speaker 8 (10:57):
Here, Well, not quite sure, but part of the push
illness is to be able to attract that talent to
the country. So hopefully this will make New Zealand far
more attractives to some of that talent to be able
to come here and contribute their skills and expertise to
the New Zealand tech community as well.
Speaker 2 (11:14):
Everyone talks about the digital nomads. Is that what we're
talking about here, will that they be interested in this?
Speaker 8 (11:20):
Yeah. So the bill has two parts to it. So
one part takes care of the foreign Investment sundrules. The
other part makes it clear that if you're coming here
for a short period of time, you're being paid by
an overseas company, you're paying tax in that overseas country,
then we won't double taxi on that either. So if
you think about things like social media influences for example,
(11:40):
that coming here and helping promote New Zealand tourism activities,
then the textill also takes care of making the rules
around that clear.
Speaker 2 (11:48):
It means that the government will miss out on tax
take though as a consequence.
Speaker 8 (11:52):
Right, well, if you look at the Foreign Investment fundrules,
they're still text on it. They're just text on it
when they actually realize their income, So there is still
taxation coming in, but it's far more practical in a
common sense approach to do it when the income has
actually realized.
Speaker 2 (12:09):
Fair but with a digital nomad, if you're coming here
and you know you're, as you say, an influencer, social
media influence, they're coming here and taking photos of yourself
with a bikini on the remarkables, then you're being taxed
in the UK. You will no longer be taxed here
as well.
Speaker 8 (12:29):
Well, yeah, and I think for that situation, what you
end up doing is getting into an argument are youment
around what's the nature of work? So this is a
very real case. There has been social media influencers who
have come here and as I said, this aligns the
immigration settings as well. So make sure that people know
they're not in breach of their immigration conditions if they're
(12:50):
here on a visit of visa, but they're doing some
of that promotion work while they're here as well.
Speaker 2 (12:54):
Interesting stuff, Rachel, thank you for that. Rachel Simpson, who's
immigration specialist at Business New Zealand on those changes that
have been made by Simon Watts twenty three minutes after
five on News Talk said, Ryan don't hate Auckland as
hate what Auckland is this is from one of our
listeners this morning, a commercial and cultural entity and the
way it has sucked so many people and so much
(13:17):
money out of the rest of the country. See, people
just see Auckland as a burden rather than the You
wouldn't call it the beating heart. What is it? Probably
the lungs. What would you call it? How would you
if it was an organ? What would you call Auckland?
Certainly wouldn't be the brain, would it? Well, it might
be the brain. I mean you'd have to say that
(13:37):
the regions at the moment are actually the legs in
the arms because they're doing all the stuff that's making
the money. You know, what would you call? What organ
would Auckland be? Anyway, we'll talk about Auckland next because
it's quite important not just to our economy but also
to the potentially the next government whoever wants to be
the government. You need to have Auckland on side. Labour
learned that the hard way. More on that in a second,
(13:59):
and as I said, Simon Bridges before six and we'll
get to the UK with Gavin Gray after News at
five point thirty News Talks VB.
Speaker 1 (14:05):
The early edition Full the show podcast on iHeartRadio, Power
by News Talks.
Speaker 2 (14:10):
V News Talks VB. It is twenty six after five.
I really have this coming. But everyone's saying Auckland would
be Someone says the colon. Someone says Auckland would be
the asshole if it were to be a body part. Anyway,
there is a very good reason that National is talking
about revamping the Major Events Fund. It's the same reason
you're seeing them announced just half an hour ago they're
(14:31):
creating a new business investor VISA. Foreigners will get a
fast track to residency for chucking two million bucks into
a Kiwi business. It's the same reason they'll announce in
a few weeks. I reckon most reckon that some wealthy
investors will be able to buy expensive houses here. From November.
They're trialing visa free holidays for the Chinese coming here
via Australia, and you can expect to see more where
(14:54):
that came from. The reason is, of course, to boost growth,
but specifically they hope in our largest city, it's all
about Auckland, the colon. It's the giant missing piece of
the puzzle their runway for sorting out the economy by
election time. Hinges on them throwing the kitchen sink at
the Jaffers. It's forty percent of our GDP. But a
sort of economic malaise has set and not everyone, not
(15:16):
in every industry. But the two speed recovery is real.
The vibes off a bit and the numbers back it up.
I asked the Prime Minister about this on Monday. He says,
they're basically looking at everything and anything for Auckland, and
I reckon they'll campaign on a bed tax, and I
reckon they'll announce that they intend to do this either
late this year or early next to win the next election.
(15:38):
You don't need to win all of Auckland, but if
you lose Auckland, you're stuffed. Ask Chippy. Labor scored twenty
nine percent of the party vote in Auckland at the
twenty twenty three election. This is increasingly a city of
migrants and these policies are aimed at them, their families
and their businesses. Forty two percent of auckland Is were
born overseas along with otar Go. It's where most of
(16:01):
the expensive houses are that those wealthy investors will be
able to buy to boost this economy in a short
to medium term window. The government's clearly targeting migration. Foreign investment,
which often comes through existing connections to a city. Foreign
students is another one. They're moving on Chinese tourists and
big events. The question is how quickly can they give
(16:23):
this city the tickle up that it needs and have
they left enough of a runway to turn things around?
Speaker 3 (16:29):
Bryan Bridge, twenty eight after.
Speaker 2 (16:31):
Five news talks there Beat, let's go to Wellington for
a second show. We and I'm just slightly distracted by
your texts on how you're describing Auckland. I'll get to
some of those in a second because I need to
filter them. Twenty eight minutes after five. So Wellington, if
you know Wellington Newtown is a beautiful place near the
Basin Reserve. They've got a homeless problem at the moment.
(16:54):
And normally there's always been a few colorful characters in Newtown,
you'd say, but it's gotten way worse. This fighting in
the middle of the street. There's human excrement behind a
bus shelter. Story the other day about hundreds of drug
bags on the ground. There's a problem, So don't worry.
Tory Faro's onto it. She's asked for urgent advice from officials,
and the advice was, I'm just reading here from the report,
(17:18):
don't send a uniformed patrol because that would likely generate
community concerns about over enforcement. But goodness sakes, good luck Wellington,
Good luck. Twenty nine after five. We're in the UK afternoons.
Speaker 1 (17:35):
If this man Views and Views you trust to start
your day. It's early edition with Bryan Bridge and one
roofe Love where you live, News Talk SIB.
Speaker 2 (17:56):
Pretty far away pre sex. You're on newstalk, said b
and we had some brain we can use this morning.
Taylor Swift is engaged. Yes, Hollywood's most shopped around superstar
has finally decided to settle down. Taylor Swift is going
to get married to Travis Kelcey and in less than
twenty minutes they've had one point eight million likes on
(18:16):
their Instagram posts. So the world is celebrating Taylor Swift
this morning. No one's very happy about Auckland though, and
the state of play with the economy. Simon Bridges joins
us for reaction to the government's latest business visa. That's
before six. Gavin Graham the UK. Ryan, if I was
to describe Auckland as an organ says this Texter. It
would be a clogged artery, the largest municipal population on
(18:38):
the smallest land mass. Hi, Ryan Auckland would be the appendix.
Get rid of it when it becomes a pain. Auckland
is forty percent of the GDP, says this text to
Canterbury is fourteen percent. Who needs who someone standing up
for Auckland here. If Auckland is the ahole, Canterbury is
the excrement Ryanington, this meson says Ryan Wellington is definitely
(19:04):
the big hairy feminist Vagina and bread Brich twenty three
to six. Colum practice with us from Dunedin in this
morning how colum, good morning morning right, good to have
you now? No thanks to this student cycle way. No,
it's not going ahead.
Speaker 9 (19:21):
This proposed to cycle way through the student quarter by
our university. The plan was ryan to create this accessible
walking and cycling link on Albany Street, which runs alongside
the university, would connect through to the CPD a CBGD
and benefits student and pedestrian safety. It would have come
to cost though forty eight car parks and one and
(19:42):
a half million dollars. The councilors were split right down
the middle on this. One of them is Lee vandas
he says, the loss of parking and its costs are
major concerns he heard from the community and other Councilor
Mandy Mayhem says it was important to make decisions benefiting
safety and future generations. In the end, though, the Mayor
Juels Raddick finalized decision that the decision he used is
casting vote against the cycleway due to costs.
Speaker 2 (20:05):
How's your weather come? A fine? Becoming cloudy today? In sixteen?
Nice one? Thank you. Claire's in christ Church. Hey Claire,
good morning.
Speaker 3 (20:13):
Now.
Speaker 2 (20:14):
Some worrying details emerging following the rest of a man
for approaching school students.
Speaker 10 (20:19):
Yeah, this one's yucky. Ryan Look, one of New Zealand's
worst sex offenders has been arrested, accused of approaching some
christ Church schoolgirls and offering them some cash in exchange
for inappropriate favors. The fifty three year old was arrested
after reports it came from the areas of Merrivale and
Saint Albans. This became public when police sent letters to
(20:40):
eleven local schools warning them of the man's behavior, seeking
information and asking that they speak with students are in
Zed's now naming him as Leo Darren Goodwin. He has
extensive history. This is a man who has multiple convictions
for violence and rape dating back to the nineteen nineties
here and also in Australia. He's been charged for now
with breaching release conditions. Our newsroom understands corrections applied to
(21:05):
the New Zealand Parole Board to have him recalled to prison.
Speaker 2 (21:09):
How's your weather They're clear.
Speaker 10 (21:11):
So fog lifting a bit later this morning, cloud by
evening Northerlys and the high will be fifteen.
Speaker 2 (21:16):
All right, and Max is with us from Wellington. Good morning, Max,
good morning. You've got some economic figures for the capital.
Speaker 8 (21:23):
Yeah.
Speaker 5 (21:23):
This Informatric's latest quarterly monitor shows that one hundred and
seventy seven businesses in the city have closed down in
that quarterly period.
Speaker 2 (21:33):
People are spending less.
Speaker 5 (21:34):
The house price recovery here is lagging behind other centers.
There are more people in the jobless queue. The obvious
reason is public sector cuts. Nikola Willis Even has told
our newsroom she fully acknowledges that having that restraint in
her term in the public sector has impacted Wellington close
to with the ten thousand jobs in fact in the
(21:54):
sector gone since late twenty twenty three, but people on
job Seeker in Wellington up sixteen on last year as well.
Willis also pointing interestingly towards weak local leadership as well,
which is probably a fair comment. We haven't been very
pro business since twenty twenty two, but it is still
hard to look beyond those public sector jobs going. But
(22:16):
like any cliched business story, there are you know, green
shoots and uptick signs of recovery. A zero point two
percent quarterly increase in local GDP as well, so maybe
things turning a corner.
Speaker 2 (22:27):
Still. Have you been through Newtown lately? Max, because apparently
it's quite bad. I've always loved Newtown, but have you
been through the what's it like? At times?
Speaker 5 (22:35):
There are parts of Newtown that resemble a slum, But
Newtown's funny Newtown. I think in the in the Wellington
region is the suburb that it is its most unique.
Speaker 2 (22:48):
Area.
Speaker 5 (22:48):
It's sort of a you know, what I'm trying.
Speaker 2 (22:51):
To say is it's got colorful, has its own ecosystem totally. Yeah,
it's its own little personality. But it sounds like things
might have gone a bit too far. One way. Hey,
how's your weather today?
Speaker 5 (23:01):
Should be fine with Northerly's fourteen. The high Central is one.
Speaker 2 (23:03):
Next, thank you and neivas An Auckland good morning, now,
good morning. Now there's what a concern in Auckland. Some
still not getting the message around port safety.
Speaker 11 (23:12):
Yes, now this is nine months after national standards are introduced.
Now the standards create a set of rules for unloading
and loading cargo ports and on ships. Cal fin Lane,
now he's the Maritime Union national secretary. He's come out.
He says, look, some companies are implementing they're much better
than others. He says, look, I'm not going to name names,
but he's talked with companies about fatigue issues. He's also
(23:33):
saying that some employee is seeming keen to allow workers
to do twelve hour ships with only two half hour breaks.
But he says this is a work in progress. So yep,
they're just continuing.
Speaker 2 (23:42):
With that, all right. And I know the big news
that you really want to get to this morning is
Tite getting engaged.
Speaker 11 (23:49):
Exactly just happened this after five am. Our news room.
We are just like we're very very happy.
Speaker 2 (23:56):
Do you know it's one she's one of those stars
that sort of had a bad rap for a while
because she was dating lots of people and then writing
songs about them, people thought she was a bit disingenuous.
I think she just looks very happy. She could be more.
Speaker 4 (24:08):
He does too.
Speaker 11 (24:09):
They've been dating for two years. The engagement widely welcomed
on social media, apparently more than one point eight million
likes on Instagram posted in less than twenty minutes. And
the tenuous link here for Tata and New Stalks he
Being Newsroom is that you don't know this because we
have Newstalks z'd be. We have a video to a
(24:30):
Tata song, shake it Off, and we did it back
in twenty sixteen. It is amazing. It's a group of
all everyone in New Stalks z'd be. It's like a
two minute where we're all dancing. It's actually really good.
Speaker 2 (24:42):
Oh well, you have to show it to me during
the aids, and maybe you have to repost it in
celebration of.
Speaker 11 (24:46):
I think so, because I think Kelsey saw that and
saw the videos, or I must I must find Tata
after that video.
Speaker 2 (24:53):
How's that with her? How's that weather in Auckland?
Speaker 11 (24:55):
Okay, well, we got scared of rain? Clearing though by
the afternoon fifteen is a high here in Auckland.
Speaker 2 (24:59):
Brilliant, Thanks Neva. It is seventeen minutes away from Sex
News talks there being now Nigel Farage over in the UK.
He's prepared, He's put his money where his mouth is.
He's prepared to deport wait for it, six hundred thousand
migrants if he is elected to power the next election.
Gavin Gray has the latest on that.
Speaker 1 (25:18):
Next International Correspondence with Ends and Eye Insurance Peace of
Mind for New Zealand Business.
Speaker 2 (25:25):
Simon Bridges on the government's new business visa. Shortly first,
the Reform UK. This is Nigel Farage's party. They have
said overnight that they are prepared to deport six hundred
thousand migrants over five years if they win powert the
next election, and they're polling well. Our UK correspondent Gavin
Gray's with us. Gavin, who exactly are they talking about?
Which migrants are they talking about?
Speaker 12 (25:48):
Well, anyone arriving illegally they are saying would effectively be told, right,
you're going to be immediately kept in a center for
migrants and then deport it. So they're saying that anyone
who comes to the UK on small boats from claiming
asylum will be banned. And they're also saying that the
(26:09):
government under them, if they won power, would make some
four billion Aussie dollars available and four and a half
billion New Zealand dollars available to offer payments or aid
to countries like Afghanistan in order to encourage them to
take back migrants that they're currently refusing to take back.
And if those countries don't accept those migrants and don't
(26:31):
accept the money, Nigel Faras is saying we would impose
sanctions on uncooperative countries now before Reform has suggested this
new idea to deport six hundred thousand migrants. He had
previously said that mass deportations were a political impossibility. But
how times are changed. Everyone digesting what's been said, and
(26:53):
as you would expect, the government of the day and
the previous government of the day are both saying it's unworkable.
Speaker 2 (26:59):
Yeah, because you kin'd of given us a correct before.
Speaker 12 (27:01):
Right, Yeah, I mean Niger Faraj seems more determined, shall
I say? He is suggesting without any sort of hesitation
that he believes that UK should leave the European Convention
on Human Rights. The ECCHR and that Ryan is where
many people go to to say, look, my human rights
(27:23):
are being abused. You can't turn me down from my
asylum ship. I need to be here because of XYZ.
Speaker 3 (27:29):
Instead.
Speaker 12 (27:29):
Reform says, having banned that it'll create the British Bill
of Rights, that it will apply to UK citizens and
those who have a legal right to live in the UK.
I have to say it's such a contentious subject. This
is going to get headlines for days on end.
Speaker 2 (27:42):
Thanks so much for your tom this morning. That's Kevin
Gray Are UK Europe Correspondent twelve to.
Speaker 3 (27:46):
Six Ryan Bridge.
Speaker 2 (27:48):
Another visa moved from Erica Stanford, this time targeting investors.
The new business Investor visa fast treks your residency for
anyone checking two million dollars or more into a KeyWe company.
All applicants have to pass health check, character English language
tests before they're approved. Simon Bridges is Auckland's cheerleader Aukland
Business team for CEO with us this morning. Hey Simon,
(28:09):
Hey get a Rian. What do you make of this one?
Speaker 6 (28:11):
Yeah?
Speaker 4 (28:12):
I think first blush blush, it's excellent additional policy. I
think you know, if you think about it. We've seen
for quite some time in sem Land. Older business owners
they want to get out, they've built up a successful business,
their son and daughter doesn't want to take it over.
How do they provide for a successor and get a
payday before before they retire? And I think, of course, look,
(28:35):
you know that the issues we've talked about around auprim
this is you know, more cash one and two million
dollar lots coming in. Some of them go on Carol
and Steve going on their overseas holiday, but look, a
bunch of it will be injected back into the local economy.
I think one questions around just the discreete cri curier.
It's hard to tell them the abstract just how permissive
(28:57):
and enabling this is. You know, you've mentioned some of
them five five full time staff, English language requirement, it
can't be convenience stores and so on. All of that
sort of on its own makes sense, But if we
add it all up, just just how permissive is this policy?
But I think overall an excellent edition is.
Speaker 2 (29:12):
Two million dollars minimum enough for a fast track to residency?
Speaker 4 (29:17):
Oh yeah, I think so. I think I think you
get a lot of businesses that fall into that sort
of category. And you know, I think in the end
it comes back to the point I want you. You've got
to structure this right so that you are getting investors
coming in who want to work on the businesses. Remember
the other thing here that is not particularly permissive. But
(29:37):
you know, I can understand that the logic of is
the person who buys is going to have to work
in this business for a period of time, you know,
And that's well, that's work, that's hard work.
Speaker 2 (29:46):
How you have been quite successful in lobbying the government
on haalf of business Chamber to get Auckland stuff done. Well,
I reckon they're going to go with a bid tax
to the election. What do you reckon.
Speaker 4 (30:00):
That there's such sort of entrench positions around not having
a tax. The reality is this, they don't need to
do a text. I mean, what they could just do
is from the center, that is, from that the tax
money we pay in provide a dollar of cash back
for the kind of initiatives I think, you know, it's
important to see better events funding and so on. I
mean that the figures that I have in my mind,
I don't quite me the exact you know, ten thousand
(30:22):
or anything. But you go back a decade or so,
there's about thirty million dollars going into major events and
the like from the crown and local government. Now it's
more like seven to ten million. You know, if we
want to do well versus kind of your berbag AUSSI cities,
we do need to invest more.
Speaker 2 (30:39):
What about because there are a couple of other things
you have mentioned yesterday, what are the other big things
leaders you think the government needs to pull for Auckland.
Speaker 4 (30:48):
I mean, look, I'm not a brains trust, but there's
there's so many things they could do. I mean, I
don't think another one that is in the Ericas Stanford
kind of area. Is just ongoing liberalization of tourism and
international edge ication visas. These are levers you can pull.
There is a boom in Asian tourism going on at
the moment in your Malaysias and your Vietnams and your Thailand.
Why isn't it in New Zealand. Yeah, we're a bit
(31:10):
more expensive, but I'll tell you what, we've made the
visa set settings not easier, but tougher. Are we too
rich to not need that cash?
Speaker 8 (31:18):
You know?
Speaker 4 (31:18):
I think I think we need it right now in Auckland.
Hotel nights. The occupancy rates in Auckland hotels are as
a generalization, abysmal. So I think that is something they
could pull. That would be quite a switch actually to
seeing more Asian tourists walking around our streets.
Speaker 2 (31:34):
Interesting stuff. Some appreciated time this morning, Simon Bridges, Aukland
Business Chamber of CEO. Time is eight to six Newstalk SB.
Speaker 1 (31:42):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and One Room Love
Where You Live, News Talks, EDB.
Speaker 2 (31:51):
It is five to six on NEWSTALKSB. This Texas is
Ryan Irack and the government is going to do a
big tax as well. They are in talks with Hospitality
of New Zealand. At the moment, us in the accommodation
and sector are very against the idea. You're on news Talk,
said B. And Mike is with you next. Good morning,
Mike morning.
Speaker 7 (32:06):
What makes you so they're going to do that?
Speaker 2 (32:08):
Well, it's my instinct, is it? It is?
Speaker 7 (32:10):
Well sitting there, it's just I asked the Prime Minister
the other day and he said no in a definitive
kind of way, in a sort of a well will
see it. Didn't say well, we'll see or it's you
know what I mean.
Speaker 2 (32:21):
He I asked them the same question on Monday and
he said no this term. So I'm saying, I think
they'll go to the election with a bad tax.
Speaker 7 (32:30):
But why would you go to an election with a
bad tax, because he is because it shuts Auckland up.
Speaker 2 (32:35):
And that's a problem for this government because Auckland's look
at labor, what happened to them when they lost Auckland.
So you've got to kind of give them something. And
if you give them a bad tax, you can say, well,
don't worry, that's coming. You know, we are moving on that.
Speaker 7 (32:49):
We'll see. I could almost lay a dollar with you
on it, all right. I just don't think. I don't
think it's a thing. If you're going to do it,
it's not. What I'm saying is it's not a big
enough deal to go. It's you know, no one cares
apart from the tourism industry and a few walks like
Simon Bridge. I mean, you're not sitting in Auckland going,
oh my god, I was. I was toying with labor,
but now there's a bed Tepe.
Speaker 2 (33:09):
I agree, but it's it's you start to add up
the policies and he can stand there in a debate
with Chippy and Chippy'll say, look, you've screwed Auckland and
he'll say, yeah, but I've got this, this, this, and
you got to have a shop on us. It's interesting.
Speaker 7 (33:22):
It's a million bucks a lot this visa. It's not it,
it's really I mean they say things like a million
dollars see the Golden Visa at five and ten. That's
serious money. Yes, but a lot of people, without sounding
like a snob, a lot of people have a million bucks.
A million dollars isn't a thing. It's it's really most people,
if they wanted know, most people, if they needed to.
You think about anyone who owns a house in Auckland
(33:43):
or Toweronga or Central Otago.
Speaker 2 (33:45):
With a massive mortgage stuff.
Speaker 7 (33:46):
No, no, no owns the house.
Speaker 2 (33:48):
You've got more than a million dollars.
Speaker 7 (33:49):
So I mean there's a lot of people in the
world like that that have gone a million dollars to
park themselves in the country.
Speaker 2 (33:53):
Luke text and the show's thing. Every time they announced
a new visa, it seems to get cheaper and cheaper. Precisely, anyway,
we'll talk to Erica about it, brilliant. Mike is with
have a great day, see you tomorrow.
Speaker 3 (34:02):
Hello, Sorry for more from Early Edition with Ryan Bridge.
Speaker 1 (34:09):
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
Earlieritia with one roof love where you live news talks,
there'd be good morning.
Speaker 2 (00:10):
It is six alf to five. Great to have your
company our lead interview this morning, the new business Investi
vis Auckland cheerleader Simon Bridges on the show, Gavin Graham
the UK for US tax changes coming for skilled migrants.
Plus we're about to overtake Australia on growth. But it's
not all good news. We've got that one from Westpac shortly.
Speaker 3 (00:31):
The agenda.
Speaker 2 (00:32):
It is Wednesday, the twenty seventh of August. Hostage families
are protesting in Israel after it bombed a hospital in Gaza.
Speaker 4 (00:38):
Were the people demand you prioritize the hostages.
Speaker 2 (00:42):
Go back to the negotiation teable.
Speaker 5 (00:44):
There's a good deal on the teable to bring all
the hostages.
Speaker 2 (00:47):
About Ntnyah, who's called this a tragic mishap, which obviously
no one is happy about. The stage between Trump and
Lisa Cook, this is the Federal Reserve governor is heading
up cooking up. Trump says, Hell, immediately fire her. This
is over the mortgage fraud claims. She's now sewing lawyer up.
She says, and you've got no authority to remove me.
Speaker 4 (01:07):
Hook, for her part, is taking a defiant stance.
Speaker 6 (01:11):
In a statement released by her lawyer, Cook.
Speaker 7 (01:14):
Said that President Trump purported to fire me for cause
when no cause exists under the law and he has
no authority to do so.
Speaker 2 (01:23):
I will not resign.
Speaker 8 (01:25):
She says.
Speaker 2 (01:26):
Yesterday I told you about Harry and Meghan's Diana Docker idea,
just an idea at this stage. Well, if you can't wait,
Season two of Meghan's reality show just dropped on Netflix.
She says she makes hot breakfast for the family every morning.
I mean, how out of touch can you be in
Montecito as She also said that it was Harry that
(01:48):
said I love you first?
Speaker 3 (01:49):
Did you tell him first?
Speaker 2 (01:51):
Does he tell you?
Speaker 6 (01:52):
He told me?
Speaker 2 (01:53):
Oh that's nice, that's funny. You started to blush.
Speaker 3 (01:58):
I will stop the final She still got it? You
still got it?
Speaker 2 (02:04):
Divorce sing.
Speaker 1 (02:07):
The first word on the News of the Day early
edition with Ryan Bridge and one Root Love Where you
Live News Talks, that'd be.
Speaker 2 (02:15):
It is eight after five. Great to have your company
nine two nine two the number of the text. Social
media is one of those things in life that's good
until it's not like fast food yum yum, yum, yum yum,
and then you're fat. You know, it's one of those.
I was chatting to a documentary making yesterday and she
did an experiment. This is what she's filmed for her documentary.
Sets herself up with an account on Instagram and she's
(02:37):
posing as a thirteen year old girl, not doing anything
on there, just logging in, didn't search for anything, logs
in scrolls just to see what the algorithm serves her up.
And what did she get? Anorexia, content, depression, anxiety content, girls, crying,
girls looking thinners, rakes and then regretting lunch. All of
(03:00):
this took four days. She didn't search anything four days.
The worst part it was under Instagram's new teen safety
account settings. I mean, give me a break. Obviously been
a roaring success, that hasn't it. And then there's Mesa.
The Herald had a piece yesterday which is interesting about
businesses here in New Zealand have been locked out of
(03:20):
their own business accounts. The bots over in America apparently
decided that they were posting explicit content, which they weren't,
but their accounts were shut down. And imagine building up
that following. You know that one of them was a
wedding photographer, building up that following over years, that business,
and then all of a sudden click of a button,
it's gone. Try contacting Silicon Valley for help, Well, you'd
(03:45):
have more luck getting a reply out of Santa frankly.
And then there's the media ad revenue situation. There's a
whole bunch wrong with social media. So what do you
do about it? Temptation is to crack down, legislate, tax
big tech. That's you, that's the levers you can pull.
But take on big tech at your peril because guess
(04:06):
who has their back? Donald J. Trump? And overnight he's
again shown why governments like ours are pretty much powerless
to do anything meaningful about social media. Tax my tech
firms and old tariffire. That's pretty much what he said.
Our government's hands are basically tired on this, but ours
are not. We can control how much we use these apps,
(04:28):
and in doing so, teach our kids a lesson about
how much they should be using them too.
Speaker 3 (04:34):
Bryan Bridge, you're on.
Speaker 2 (04:35):
News Talks AV coming up next to look at the
Aussies versus the Kiwi's. This is on GDP it's it
looks like a good news story, and it is a
good news story. We are going to overtake the Aussies
on growth in the coming years. But what's up with
the unemployment number and the labor market?
Speaker 3 (04:50):
WISPAC next Get ahead of the Headlines on early edition
with Ryan Bridge and One roof Love Where You Live.
Speaker 2 (04:59):
News Talks AB. He's on five point thirteen on News
Talks there B. We've got the SEAK Employment report out.
This is for July. Volumes no change. This is month
on month, quarter on quarter, no change. Year on year.
We're down two percent and applications per AD month on month,
no change. What does all this mean? Well, for ten
months we've had no change in the volume of ads
(05:21):
on SIKH and the same number basically now as we
had in October of twenty twenty four. AD volumes are
up month on month in Canterbury, Hawks Bay, Southland, Tasman
West Coast year on year. Canterbury up seven percent, that's
not surprising, Otago up five percent, that's not surprising. But
Wellington up six percent year on year, which is interesting
(05:43):
given the state of play there. It communication. Those have
been rising steadily since November. AD volumes in construction and
professional services. Again, this wouldn't really marry up with what
you hear, but grew by a I suppose it's only
a little bit a wafer one percent over the last year.
So over the last month it is fourteen minutes after five.
(06:06):
We're about to overtake the Aussies on GDP. That's the forecast.
GDP growth here should hit two point four percent by
the end of this year, the Aussies two percent twenty
twenty six US three point one percent, the Aussies two percent.
But the Reserve Bank roller coaster we've been on with
the induced recession means that we're left with more spare
(06:27):
capacity in our economy. Statiste ranchod is Westpac with Westpac
and has been comparing us with the Aussies and joins
me this morning. Satiste, good morning.
Speaker 6 (06:35):
Good morning Ryan.
Speaker 2 (06:36):
So we're going to be growing faster but still have
higher unemployment for a while longer.
Speaker 6 (06:40):
Why is that exactly? We've had a deeper recession, as
you say, because we had tighter policy in the past
few years. It meant that we came to the last
downturn in a softer position in the Australians and now
while we're going to be growing, we've still got that
lingering softness in the labor market means that it's still
going to be tough for a lot of us in
(07:01):
the next few years.
Speaker 2 (07:02):
So it doesn't matter how how much how good we
get in the coming years. We're still kind of bogged
down by our past.
Speaker 6 (07:11):
We are getting better, but we do have to deal
with the fact that we're coming from a soft position,
and it's been pretty tough on a lot of fronts.
We did have quite strong inflation the last few years,
stronger than the Australians, even with higher interest rates. So
the downtown that we had was necessary to get some
of those cost of living pressures back were more manageable positions.
Speaker 2 (07:31):
Our reserve bank, obviously, with the OCO went up like
a rocket and then down like a ton of bricks.
Which reserve bank, if you had to pick one, performed
better over that period.
Speaker 6 (07:42):
I think these pluses and minuses from both strategies. Even
with those larger interest rate increases here we still had
some pretty tough inflation, and if we took a more
gradual approach, we could be still dealing with much stronger
cost of living pressures. The more moderate approach in Australia
meant that they did have a firmer labor market. Their
registrates are still tight now and even though they're coming down,
(08:03):
New Zealand's got a better growth position. It's a tough
trade off to make.
Speaker 2 (08:08):
What's driving their growth, what's driving ours.
Speaker 6 (08:12):
In New Zealand. What we are seeing are those improvements
in commodity export incomes. You're just seeing how we're seeing
better employment prospects and areas like christ Church in parts
of the South Island, and those lower interest rates here
they are going to be boosting growth, but it's taking
a while to come through across the ditch. They're still
seeing some firmness in the demand story, but some of
the big drivers from the past that are easing off,
(08:34):
especially their fiscal policy which drive a lot of activity recently.
Speaker 2 (08:38):
So tasse appreciate your time this morning. Great analysis is
always to test Rancher Westpac New Zealand senior economists time
now seventeen minutes after five nine to ninety two is
the number to text. You're on news Talk set B.
We've told you about this a while ago. The government's
trying to keep top talent here in New Zealand trying
to get investors to stay in the country. They're making
(08:58):
a few tax change you'd probably call them tax tweaks. Well,
the Minister Simon Watson has introduced the bill to the House.
Will explain that next on.
Speaker 1 (09:08):
Your radio and online on Iheard Radio Early edition with
Ryan Bridge and one Root Love where you Live News
talks'd been five nineteen.
Speaker 2 (09:19):
I'll tell you why it's all about Auckland. Even though
everyone hates Aucklanders, well not everyone, but a lot of
people hate Auckland as particularly the further south you go.
Have you ever thought about the fact that given the
current state of play, and you look at the growth
of GDP, you look at house prices, you look at
employment and otago, you basically economically need to flip the
country the other way around. We always talk about Auckland
(09:40):
being the top of the country and the South being
the bottom. Well economically, actually it's the other way around
at the moment, isn't it. We'll talk to Simon Bridges
about the government's latest move to try and fix that
and fix Auckland. That's coming up just before six o'clock,
and I'll give you my thoughts on it. At about
five minutes time as well. It's twenty half to five, Ryan, Fred.
(10:01):
So the government's pushed to keep top talent and investors
in the country. Tax tweaks being made. We knew about these.
Simon Wattsough has introduced the bill Migrants will no longer
be taxed on estimated overseas income, only on what they
actually earn. Rachel Simpson is an immigration specialist with Business
New Zealand, joining me this morning. Rachel, good morning, Good morning, Ryan.
Speaker 4 (10:20):
How are you very well, How are you very well?
Speaker 2 (10:23):
Thank you very good? Now why is it that we
were basing it on estimated overseas and come to begin.
Speaker 8 (10:29):
With Well, what the text bill does is make sure
that the immigration and tech settings makes sense with each other.
So in the case of the foreign Investment SUND rules,
there are quite a few people being caught out by
double taxation in two different countries. So we think it's
going to be a positive move to make sure that
we can attract particularly top tech talent, to make sure
that the foreign Investment sundrules realize actual income from things
(10:53):
like share sales rather than estimated.
Speaker 2 (10:55):
How many people are we talking about.
Speaker 8 (10:57):
Here, Well, not quite sure, but part of the push
illness is to be able to attract that talent to
the country. So hopefully this will make New Zealand far
more attractives to some of that talent to be able
to come here and contribute their skills and expertise to
the New Zealand tech community as well.
Speaker 2 (11:14):
Everyone talks about the digital nomads. Is that what we're
talking about here, will that they be interested in this?
Speaker 8 (11:20):
Yeah. So the bill has two parts to it. So
one part takes care of the foreign Investment sundrules. The
other part makes it clear that if you're coming here
for a short period of time, you're being paid by
an overseas company, you're paying tax in that overseas country,
then we won't double taxi on that either. So if
you think about things like social media influences for example,
(11:40):
that coming here and helping promote New Zealand tourism activities,
then the textill also takes care of making the rules
around that clear.
Speaker 2 (11:48):
It means that the government will miss out on tax
take though as a consequence.
Speaker 8 (11:52):
Right, well, if you look at the Foreign Investment fundrules,
they're still text on it. They're just text on it
when they actually realize their income, So there is still
taxation coming in, but it's far more practical in a
common sense approach to do it when the income has
actually realized.
Speaker 2 (12:09):
Fair but with a digital nomad, if you're coming here
and you know you're, as you say, an influencer, social
media influence, they're coming here and taking photos of yourself
with a bikini on the remarkables, then you're being taxed
in the UK. You will no longer be taxed here
as well.
Speaker 8 (12:29):
Well, yeah, and I think for that situation, what you
end up doing is getting into an argument are youment
around what's the nature of work? So this is a
very real case. There has been social media influencers who
have come here and as I said, this aligns the
immigration settings as well. So make sure that people know
they're not in breach of their immigration conditions if they're
(12:50):
here on a visit of visa, but they're doing some
of that promotion work while they're here as well.
Speaker 2 (12:54):
Interesting stuff, Rachel, thank you for that. Rachel Simpson, who's
immigration specialist at Business New Zealand on those changes that
have been made by Simon Watts twenty three minutes after
five on News Talk said, Ryan don't hate Auckland as
hate what Auckland is this is from one of our
listeners this morning, a commercial and cultural entity and the
way it has sucked so many people and so much
(13:17):
money out of the rest of the country. See, people
just see Auckland as a burden rather than the You
wouldn't call it the beating heart. What is it? Probably
the lungs. What would you call it? How would you
if it was an organ? What would you call Auckland?
Certainly wouldn't be the brain, would it? Well, it might
be the brain. I mean you'd have to say that
(13:37):
the regions at the moment are actually the legs in
the arms because they're doing all the stuff that's making
the money. You know, what would you call? What organ
would Auckland be? Anyway, we'll talk about Auckland next because
it's quite important not just to our economy but also
to the potentially the next government whoever wants to be
the government. You need to have Auckland on side. Labour
learned that the hard way. More on that in a second,
(13:59):
and as I said, Simon Bridges before six and we'll
get to the UK with Gavin Gray after News at
five point thirty News Talks VB.
Speaker 1 (14:05):
The early edition Full the show podcast on iHeartRadio, Power
by News Talks.
Speaker 2 (14:10):
V News Talks VB. It is twenty six after five.
I really have this coming. But everyone's saying Auckland would
be Someone says the colon. Someone says Auckland would be
the asshole if it were to be a body part. Anyway,
there is a very good reason that National is talking
about revamping the Major Events Fund. It's the same reason
you're seeing them announced just half an hour ago they're
(14:31):
creating a new business investor VISA. Foreigners will get a
fast track to residency for chucking two million bucks into
a Kiwi business. It's the same reason they'll announce in
a few weeks. I reckon most reckon that some wealthy
investors will be able to buy expensive houses here. From November.
They're trialing visa free holidays for the Chinese coming here
via Australia, and you can expect to see more where
(14:54):
that came from. The reason is, of course, to boost growth,
but specifically they hope in our largest city, it's all
about Auckland, the colon. It's the giant missing piece of
the puzzle their runway for sorting out the economy by
election time. Hinges on them throwing the kitchen sink at
the Jaffers. It's forty percent of our GDP. But a
sort of economic malaise has set and not everyone, not
(15:16):
in every industry. But the two speed recovery is real.
The vibes off a bit and the numbers back it up.
I asked the Prime Minister about this on Monday. He says,
they're basically looking at everything and anything for Auckland, and
I reckon they'll campaign on a bed tax, and I
reckon they'll announce that they intend to do this either
late this year or early next to win the next election.
(15:38):
You don't need to win all of Auckland, but if
you lose Auckland, you're stuffed. Ask Chippy. Labor scored twenty
nine percent of the party vote in Auckland at the
twenty twenty three election. This is increasingly a city of
migrants and these policies are aimed at them, their families
and their businesses. Forty two percent of auckland Is were
born overseas along with otar Go. It's where most of
(16:01):
the expensive houses are that those wealthy investors will be
able to buy to boost this economy in a short
to medium term window. The government's clearly targeting migration. Foreign investment,
which often comes through existing connections to a city. Foreign
students is another one. They're moving on Chinese tourists and
big events. The question is how quickly can they give
(16:23):
this city the tickle up that it needs and have
they left enough of a runway to turn things around?
Speaker 3 (16:29):
Bryan Bridge, twenty eight after.
Speaker 2 (16:31):
Five news talks there Beat, let's go to Wellington for
a second show. We and I'm just slightly distracted by
your texts on how you're describing Auckland. I'll get to
some of those in a second because I need to
filter them. Twenty eight minutes after five. So Wellington, if
you know Wellington Newtown is a beautiful place near the
Basin Reserve. They've got a homeless problem at the moment.
(16:54):
And normally there's always been a few colorful characters in Newtown,
you'd say, but it's gotten way worse. This fighting in
the middle of the street. There's human excrement behind a
bus shelter. Story the other day about hundreds of drug
bags on the ground. There's a problem, So don't worry.
Tory Faro's onto it. She's asked for urgent advice from officials,
and the advice was, I'm just reading here from the report,
(17:18):
don't send a uniformed patrol because that would likely generate
community concerns about over enforcement. But goodness sakes, good luck Wellington,
Good luck. Twenty nine after five. We're in the UK afternoons.
Speaker 1 (17:35):
If this man Views and Views you trust to start
your day. It's early edition with Bryan Bridge and one
roofe Love where you live, News Talk SIB.
Speaker 2 (17:56):
Pretty far away pre sex. You're on newstalk, said b
and we had some brain we can use this morning.
Taylor Swift is engaged. Yes, Hollywood's most shopped around superstar
has finally decided to settle down. Taylor Swift is going
to get married to Travis Kelcey and in less than
twenty minutes they've had one point eight million likes on
(18:16):
their Instagram posts. So the world is celebrating Taylor Swift
this morning. No one's very happy about Auckland though, and
the state of play with the economy. Simon Bridges joins
us for reaction to the government's latest business visa. That's
before six. Gavin Graham the UK. Ryan, if I was
to describe Auckland as an organ says this Texter. It
would be a clogged artery, the largest municipal population on
(18:38):
the smallest land mass. Hi, Ryan Auckland would be the appendix.
Get rid of it when it becomes a pain. Auckland
is forty percent of the GDP, says this text to
Canterbury is fourteen percent. Who needs who someone standing up
for Auckland here. If Auckland is the ahole, Canterbury is
the excrement Ryanington, this meson says Ryan Wellington is definitely
(19:04):
the big hairy feminist Vagina and bread Brich twenty three
to six. Colum practice with us from Dunedin in this
morning how colum, good morning morning right, good to have
you now? No thanks to this student cycle way. No,
it's not going ahead.
Speaker 9 (19:21):
This proposed to cycle way through the student quarter by
our university. The plan was ryan to create this accessible
walking and cycling link on Albany Street, which runs alongside
the university, would connect through to the CPD a CBGD
and benefits student and pedestrian safety. It would have come
to cost though forty eight car parks and one and
(19:42):
a half million dollars. The councilors were split right down
the middle on this. One of them is Lee vandas
he says, the loss of parking and its costs are
major concerns he heard from the community and other Councilor
Mandy Mayhem says it was important to make decisions benefiting
safety and future generations. In the end, though, the Mayor
Juels Raddick finalized decision that the decision he used is
casting vote against the cycleway due to costs.
Speaker 2 (20:05):
How's your weather come? A fine? Becoming cloudy today? In sixteen?
Nice one? Thank you. Claire's in christ Church. Hey Claire,
good morning.
Speaker 3 (20:13):
Now.
Speaker 2 (20:14):
Some worrying details emerging following the rest of a man
for approaching school students.
Speaker 10 (20:19):
Yeah, this one's yucky. Ryan Look, one of New Zealand's
worst sex offenders has been arrested, accused of approaching some
christ Church schoolgirls and offering them some cash in exchange
for inappropriate favors. The fifty three year old was arrested
after reports it came from the areas of Merrivale and
Saint Albans. This became public when police sent letters to
(20:40):
eleven local schools warning them of the man's behavior, seeking
information and asking that they speak with students are in
Zed's now naming him as Leo Darren Goodwin. He has
extensive history. This is a man who has multiple convictions
for violence and rape dating back to the nineteen nineties
here and also in Australia. He's been charged for now
with breaching release conditions. Our newsroom understands corrections applied to
(21:05):
the New Zealand Parole Board to have him recalled to prison.
Speaker 2 (21:09):
How's your weather They're clear.
Speaker 10 (21:11):
So fog lifting a bit later this morning, cloud by
evening Northerlys and the high will be fifteen.
Speaker 2 (21:16):
All right, and Max is with us from Wellington. Good morning, Max,
good morning. You've got some economic figures for the capital.
Speaker 8 (21:23):
Yeah.
Speaker 5 (21:23):
This Informatric's latest quarterly monitor shows that one hundred and
seventy seven businesses in the city have closed down in
that quarterly period.
Speaker 2 (21:33):
People are spending less.
Speaker 5 (21:34):
The house price recovery here is lagging behind other centers.
There are more people in the jobless queue. The obvious
reason is public sector cuts. Nikola Willis Even has told
our newsroom she fully acknowledges that having that restraint in
her term in the public sector has impacted Wellington close
to with the ten thousand jobs in fact in the
(21:54):
sector gone since late twenty twenty three, but people on
job Seeker in Wellington up sixteen on last year as well.
Willis also pointing interestingly towards weak local leadership as well,
which is probably a fair comment. We haven't been very
pro business since twenty twenty two, but it is still
hard to look beyond those public sector jobs going. But
(22:16):
like any cliched business story, there are you know, green
shoots and uptick signs of recovery. A zero point two
percent quarterly increase in local GDP as well, so maybe
things turning a corner.
Speaker 2 (22:27):
Still. Have you been through Newtown lately? Max, because apparently
it's quite bad. I've always loved Newtown, but have you
been through the what's it like? At times?
Speaker 5 (22:35):
There are parts of Newtown that resemble a slum, But
Newtown's funny Newtown. I think in the in the Wellington
region is the suburb that it is its most unique.
Speaker 2 (22:48):
Area.
Speaker 5 (22:48):
It's sort of a you know, what I'm trying.
Speaker 2 (22:51):
To say is it's got colorful, has its own ecosystem totally. Yeah,
it's its own little personality. But it sounds like things
might have gone a bit too far. One way. Hey,
how's your weather today?
Speaker 5 (23:01):
Should be fine with Northerly's fourteen. The high Central is one.
Speaker 2 (23:03):
Next, thank you and neivas An Auckland good morning, now,
good morning. Now there's what a concern in Auckland. Some
still not getting the message around port safety.
Speaker 11 (23:12):
Yes, now this is nine months after national standards are introduced.
Now the standards create a set of rules for unloading
and loading cargo ports and on ships. Cal fin Lane,
now he's the Maritime Union national secretary. He's come out.
He says, look, some companies are implementing they're much better
than others. He says, look, I'm not going to name names,
but he's talked with companies about fatigue issues. He's also
(23:33):
saying that some employee is seeming keen to allow workers
to do twelve hour ships with only two half hour breaks.
But he says this is a work in progress. So yep,
they're just continuing.
Speaker 2 (23:42):
With that, all right. And I know the big news
that you really want to get to this morning is
Tite getting engaged.
Speaker 11 (23:49):
Exactly just happened this after five am. Our news room.
We are just like we're very very happy.
Speaker 2 (23:56):
Do you know it's one she's one of those stars
that sort of had a bad rap for a while
because she was dating lots of people and then writing
songs about them, people thought she was a bit disingenuous.
I think she just looks very happy. She could be more.
Speaker 4 (24:08):
He does too.
Speaker 11 (24:09):
They've been dating for two years. The engagement widely welcomed
on social media, apparently more than one point eight million
likes on Instagram posted in less than twenty minutes. And
the tenuous link here for Tata and New Stalks he
Being Newsroom is that you don't know this because we
have Newstalks z'd be. We have a video to a
(24:30):
Tata song, shake it Off, and we did it back
in twenty sixteen. It is amazing. It's a group of
all everyone in New Stalks z'd be. It's like a
two minute where we're all dancing. It's actually really good.
Speaker 2 (24:42):
Oh well, you have to show it to me during
the aids, and maybe you have to repost it in
celebration of.
Speaker 11 (24:46):
I think so, because I think Kelsey saw that and
saw the videos, or I must I must find Tata
after that video.
Speaker 2 (24:53):
How's that with her? How's that weather in Auckland?
Speaker 11 (24:55):
Okay, well, we got scared of rain? Clearing though by
the afternoon fifteen is a high here in Auckland.
Speaker 2 (24:59):
Brilliant, Thanks Neva. It is seventeen minutes away from Sex
News talks there being now Nigel Farage over in the UK.
He's prepared, He's put his money where his mouth is.
He's prepared to deport wait for it, six hundred thousand
migrants if he is elected to power the next election.
Gavin Gray has the latest on that.
Speaker 1 (25:18):
Next International Correspondence with Ends and Eye Insurance Peace of
Mind for New Zealand Business.
Speaker 2 (25:25):
Simon Bridges on the government's new business visa. Shortly first,
the Reform UK. This is Nigel Farage's party. They have
said overnight that they are prepared to deport six hundred
thousand migrants over five years if they win powert the
next election, and they're polling well. Our UK correspondent Gavin
Gray's with us. Gavin, who exactly are they talking about?
Which migrants are they talking about?
Speaker 12 (25:48):
Well, anyone arriving illegally they are saying would effectively be told, right,
you're going to be immediately kept in a center for
migrants and then deport it. So they're saying that anyone
who comes to the UK on small boats from claiming
asylum will be banned. And they're also saying that the
(26:09):
government under them, if they won power, would make some
four billion Aussie dollars available and four and a half
billion New Zealand dollars available to offer payments or aid
to countries like Afghanistan in order to encourage them to
take back migrants that they're currently refusing to take back.
And if those countries don't accept those migrants and don't
(26:31):
accept the money, Nigel Faras is saying we would impose
sanctions on uncooperative countries now before Reform has suggested this
new idea to deport six hundred thousand migrants. He had
previously said that mass deportations were a political impossibility. But
how times are changed. Everyone digesting what's been said, and
(26:53):
as you would expect, the government of the day and
the previous government of the day are both saying it's unworkable.
Speaker 2 (26:59):
Yeah, because you kin'd of given us a correct before.
Speaker 12 (27:01):
Right, Yeah, I mean Niger Faraj seems more determined, shall
I say? He is suggesting without any sort of hesitation
that he believes that UK should leave the European Convention
on Human Rights. The ECCHR and that Ryan is where
many people go to to say, look, my human rights
(27:23):
are being abused. You can't turn me down from my
asylum ship. I need to be here because of XYZ.
Speaker 3 (27:29):
Instead.
Speaker 12 (27:29):
Reform says, having banned that it'll create the British Bill
of Rights, that it will apply to UK citizens and
those who have a legal right to live in the UK.
I have to say it's such a contentious subject. This
is going to get headlines for days on end.
Speaker 2 (27:42):
Thanks so much for your tom this morning. That's Kevin
Gray Are UK Europe Correspondent twelve to.
Speaker 3 (27:46):
Six Ryan Bridge.
Speaker 2 (27:48):
Another visa moved from Erica Stanford, this time targeting investors.
The new business Investor visa fast treks your residency for
anyone checking two million dollars or more into a KeyWe company.
All applicants have to pass health check, character English language
tests before they're approved. Simon Bridges is Auckland's cheerleader Aukland
Business team for CEO with us this morning. Hey Simon,
(28:09):
Hey get a Rian. What do you make of this one?
Speaker 6 (28:11):
Yeah?
Speaker 4 (28:12):
I think first blush blush, it's excellent additional policy. I
think you know, if you think about it. We've seen
for quite some time in sem Land. Older business owners
they want to get out, they've built up a successful business,
their son and daughter doesn't want to take it over.
How do they provide for a successor and get a
payday before before they retire? And I think, of course, look,
(28:35):
you know that the issues we've talked about around auprim
this is you know, more cash one and two million
dollar lots coming in. Some of them go on Carol
and Steve going on their overseas holiday, but look, a
bunch of it will be injected back into the local economy.
I think one questions around just the discreete cri curier.
It's hard to tell them the abstract just how permissive
(28:57):
and enabling this is. You know, you've mentioned some of
them five five full time staff, English language requirement, it
can't be convenience stores and so on. All of that
sort of on its own makes sense, But if we
add it all up, just just how permissive is this policy?
But I think overall an excellent edition is.
Speaker 2 (29:12):
Two million dollars minimum enough for a fast track to residency?
Speaker 4 (29:17):
Oh yeah, I think so. I think I think you
get a lot of businesses that fall into that sort
of category. And you know, I think in the end
it comes back to the point I want you. You've got
to structure this right so that you are getting investors
coming in who want to work on the businesses. Remember
the other thing here that is not particularly permissive. But
(29:37):
you know, I can understand that the logic of is
the person who buys is going to have to work
in this business for a period of time, you know,
And that's well, that's work, that's hard work.
Speaker 2 (29:46):
How you have been quite successful in lobbying the government
on haalf of business Chamber to get Auckland stuff done. Well,
I reckon they're going to go with a bid tax
to the election. What do you reckon.
Speaker 4 (30:00):
That there's such sort of entrench positions around not having
a tax. The reality is this, they don't need to
do a text. I mean, what they could just do
is from the center, that is, from that the tax
money we pay in provide a dollar of cash back
for the kind of initiatives I think, you know, it's
important to see better events funding and so on. I
mean that the figures that I have in my mind,
I don't quite me the exact you know, ten thousand
(30:22):
or anything. But you go back a decade or so,
there's about thirty million dollars going into major events and
the like from the crown and local government. Now it's
more like seven to ten million. You know, if we
want to do well versus kind of your berbag AUSSI cities,
we do need to invest more.
Speaker 2 (30:39):
What about because there are a couple of other things
you have mentioned yesterday, what are the other big things
leaders you think the government needs to pull for Auckland.
Speaker 4 (30:48):
I mean, look, I'm not a brains trust, but there's
there's so many things they could do. I mean, I
don't think another one that is in the Ericas Stanford
kind of area. Is just ongoing liberalization of tourism and
international edge ication visas. These are levers you can pull.
There is a boom in Asian tourism going on at
the moment in your Malaysias and your Vietnams and your Thailand.
Why isn't it in New Zealand. Yeah, we're a bit
(31:10):
more expensive, but I'll tell you what, we've made the
visa set settings not easier, but tougher. Are we too
rich to not need that cash?
Speaker 8 (31:18):
You know?
Speaker 4 (31:18):
I think I think we need it right now in Auckland.
Hotel nights. The occupancy rates in Auckland hotels are as
a generalization, abysmal. So I think that is something they
could pull. That would be quite a switch actually to
seeing more Asian tourists walking around our streets.
Speaker 2 (31:34):
Interesting stuff. Some appreciated time this morning, Simon Bridges, Aukland
Business Chamber of CEO. Time is eight to six Newstalk SB.
Speaker 1 (31:42):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and One Room Love
Where You Live, News Talks, EDB.
Speaker 2 (31:51):
It is five to six on NEWSTALKSB. This Texas is
Ryan Irack and the government is going to do a
big tax as well. They are in talks with Hospitality
of New Zealand. At the moment, us in the accommodation
and sector are very against the idea. You're on news Talk,
said B. And Mike is with you next. Good morning,
Mike morning.
Speaker 7 (32:06):
What makes you so they're going to do that?
Speaker 2 (32:08):
Well, it's my instinct, is it? It is?
Speaker 7 (32:10):
Well sitting there, it's just I asked the Prime Minister
the other day and he said no in a definitive
kind of way, in a sort of a well will
see it. Didn't say well, we'll see or it's you
know what I mean.
Speaker 2 (32:21):
He I asked them the same question on Monday and
he said no this term. So I'm saying, I think
they'll go to the election with a bad tax.
Speaker 7 (32:30):
But why would you go to an election with a
bad tax, because he is because it shuts Auckland up.
Speaker 2 (32:35):
And that's a problem for this government because Auckland's look
at labor, what happened to them when they lost Auckland.
So you've got to kind of give them something. And
if you give them a bad tax, you can say, well,
don't worry, that's coming. You know, we are moving on that.
Speaker 7 (32:49):
We'll see. I could almost lay a dollar with you
on it, all right. I just don't think. I don't
think it's a thing. If you're going to do it,
it's not. What I'm saying is it's not a big
enough deal to go. It's you know, no one cares
apart from the tourism industry and a few walks like
Simon Bridge. I mean, you're not sitting in Auckland going,
oh my god, I was. I was toying with labor,
but now there's a bed Tepe.
Speaker 2 (33:09):
I agree, but it's it's you start to add up
the policies and he can stand there in a debate
with Chippy and Chippy'll say, look, you've screwed Auckland and
he'll say, yeah, but I've got this, this, this, and
you got to have a shop on us. It's interesting.
Speaker 7 (33:22):
It's a million bucks a lot this visa. It's not it,
it's really I mean they say things like a million
dollars see the Golden Visa at five and ten. That's
serious money. Yes, but a lot of people, without sounding
like a snob, a lot of people have a million bucks.
A million dollars isn't a thing. It's it's really most people,
if they wanted know, most people, if they needed to.
You think about anyone who owns a house in Auckland
(33:43):
or Toweronga or Central Otago.
Speaker 2 (33:45):
With a massive mortgage stuff.
Speaker 7 (33:46):
No, no, no owns the house.
Speaker 2 (33:48):
You've got more than a million dollars.
Speaker 7 (33:49):
So I mean there's a lot of people in the
world like that that have gone a million dollars to
park themselves in the country.
Speaker 2 (33:53):
Luke text and the show's thing. Every time they announced
a new visa, it seems to get cheaper and cheaper. Precisely, anyway,
we'll talk to Erica about it, brilliant. Mike is with
have a great day, see you tomorrow.
Speaker 3 (34:02):
Hello, Sorry for more from Early Edition with Ryan Bridge.
Speaker 1 (34:09):
Listen live to News Talks it'd be from five am weekdays,
or follow the podcast on iHeartRadio.
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