Full Show Podcast: 01 December 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Pressing the newsmakers to get the real story. It's Heather
duplicl and Drive with One New Zealand to coverage like
no one else News Talk Savy.

Speaker 2 (00:13):
Good afternoon, Welcome to the show coming up today. The
local government Minister Simon Watts on the rate caps. He's
just announcing the ASB Chief Economist Nick Tuffley on why
it is the banks still haven't lowered effex rates and
whether they're ever going to be lowered, which is probably no.
And Nikola Willis Finance Ministers with us after six.

Speaker 3 (00:30):
Heather duplicy Ela, yep.

Speaker 2 (00:32):
So the rate caps are being announced at the moment.
The government's just unveiled the details on this. Councils will
be capped at four percent, They will not be able
to raise their rates by more than four percent and
the plan will start being implemented in a couple of
years time, sort of mid twenty seven and then will
be fully in placed by mid twenty twenty nine.

Speaker 4 (00:49):
There will be.

Speaker 2 (00:49):
Exemptions to the rate cap. The high growth councils will
be exempt from the cap. Councils that experience a natural
disaster to something like bad weather, equake, whatever, they will
be exempt councils that need to catch up on infrastructure
under investment, which I thought would have been most councils.
They will be exempt. They will have to apply. The
exemp will not be automatic. They will have to apply

(01:10):
for an exemption. But those are the grounds they can
apply on, which I think sounds like potentially a lot
of councils who will be able to get around the
four percent cap. Now, on the politics of it, it
is incredibly smart to announce. This is incredibly popular. One
poll found that about seventy five percent to people want
to see this happen. And I really want this to work.
I really want this to force councils to sharpen their

(01:32):
pencils and start cutting out the nice to haves like
the disco toilets and the bus stops with the gardens
spouting from the top. And I want them to be
to be going through their staff list and maybe discover,
like Wellington has in the last week, about three hundred
and thirty people who probably don't need to be paid
for by the rate payer. This will definitely, I think,
do that it will force a bit of discipline. But

(01:53):
what does worry me is that this isn't dealing with
the actual problem that we've got in local government, which
is that we have a bunch of numpties around the
council tables making bad financial decisions. After this, we will
still have numpty sitting around the council table, and those
numpties will still make bad financial decisions. And if there's
one thing that we've learned from recent experience with Wellington
City Council, it's that when numpties cut spending, they cut

(02:16):
spending on important things like pipes, and for some weird reason,
they keep on spending on the dumb stuff like disco toilets.
And I worry that that will happen around the country
and we will simply end up with another crisis like
we're having at the moment of deferred maintenance. Having said that,
it is obviously a much better situation if the numpties
have less money to waste rather than more money to waste.

(02:37):
So on balance, the rates cap is probably an improvement
on the status quo, isn't it, even if only for
the certainty it gives the rest of us that our
rates bill next year will not force us out of
our homes. In that respect, this has got to be good.

Speaker 3 (02:49):
News together do for ce Allen.

Speaker 2 (02:54):
Nine two nine two text number and standard text fees
apply and let me know what you think in any
questions you have. For Simon wats before he's with us
after five o'clock. Now, let's talk about smoking and vaping.
According to a new survey, vaping may not be cool anymore.
The annual ASH Year ten Snapshot survey looks at the
smoking and the vaping habits of fourteen and fifteen year
olds every year, and according to the latest one, the

(03:14):
number of year ten students who regularly vape has fallen
from fourteen to eleven percent, and the number who vape
daily has fallen from something like nine to seven percent.
Tim O'Connor is the Auckland Grammar headmaster and with us now, hey, Tim.

Speaker 5 (03:28):
Hi, are you very well?

Speaker 6 (03:29):
Thank you?

Speaker 2 (03:30):
Are you seeing this few of the kids vaping.

Speaker 7 (03:33):
Here? We are?

Speaker 8 (03:35):
I don't know. I don't know what's going on.

Speaker 9 (03:37):
To go ahead the truth.

Speaker 8 (03:38):
I don't know whether it's us being more effective, or
the messages happening, or if it's just random.

Speaker 2 (03:44):
I mean, it could be a number of things.

Speaker 10 (03:46):
Right.

Speaker 2 (03:46):
What's been suggested by beagle Hole, who runs ASH. I
think he's the chair is that it feels to him
as if vaping has become less cool. What are you
picking up on that front.

Speaker 8 (03:57):
Well, they're certainly not seeing it as often as we
normally work as we have in the past, I should say,
which is a good thing. And I suspect he's probably right.
I think that it's not talked about as much and
so we're seeing less of it. That said, we've also

(04:19):
changed all sorts of things or in our school, and
I'm sure other schools have done the same, where you know,
just reduced created toilet structures that actually are just individual
cubicles so that there are no gathering areas for.

Speaker 10 (04:34):
The low lives.

Speaker 2 (04:36):
Oh I see, Okay, so this is this is potentially
a policing problem from a policing solution from you guys.
The other thing also is apparently the disposable vapes have
made it really hard for people to be able to
get their hands on a vape right there, becomes a
whole lot more expensive. So are you are you hearing
that at all?

Speaker 8 (04:54):
No, not hearing that, But it could be it's probably
too soon for us to be getting some really good
patterns in that type of behavior. But look, there is
there's been a remarkable shift and a decline in vaping
and a decline in conversations about vaping, which is a
good thing.

Speaker 2 (05:13):
Yeah, it is good. I mean, I guess what I'm
getting to is that it seems like maybe a confluence
of things. On the other hand, if we're talking about
whether things are cool having an impact, then what worries
me is that apparently the cigi's are cool again, and
so you might see it an uptick there in the
number of kids smoking. Are you seeing that at all?

Speaker 8 (05:30):
No, not seeing cigarettes on school related things or on campus.
Yet hopefully you're wrong.

Speaker 2 (05:39):
I'm wrong with a lot of things. Tim. Thank you
very much, man, I really appreciate your insights. To O'Connor
Auckland Grammar headmaster, I mean, smoking is obviously not cool,
but it does surprise me the number of young people,
like I'm talking about twenty five thirty or so you
see walking around now with a dart hanging out their face.
You think you just haven't seen that in a long time.
And then you see Tiger White heat he threw his
birthday party, what was it fifty or something like that.

(06:00):
They would just trays of fags and Lord had her birthday.
Part of their fags everywhere, so you know, does look
like it's becoming some kind of a cool thing again. Now,
I don't know if you followed the inir New Zealand snacks. No,
I'm not going to have a crack at e in
New Zealand. Again, don't worry about it. But there's an
interesting side thing that's going on here. They had a
snack scandal lately, so I don't know if you remember
the young reporter was young, well, while they was not

(06:22):
young anymore. David Farrier, he used to be on TV three.
He was kind of like the quirky one. He still
runs a website where he does a little investigations and
rants on about stuff. And one of the investigations he
did recently was that one of the snacks on board
in New Zealand Plains is not Key we Owned, which
was a big thing in New Zealand was doing. They're
like all the snacks come from New Zealand. Oh, it's
all Key we Owned. Turned out there was one called

(06:43):
Project thirty two that made some really bizarre looking little snack.
I don't even know what it was. Project thirty two
claimed to be New Zealand owned. In fact, the shareholders
were all Australian companies and the two directors were based
in Australia, so it was clearly not New Zealand owned
at all. They fixed it in New Zealand has some chats.

Speaker 3 (07:00):
Do you know how to they fixed it?

Speaker 2 (07:01):
They just appointed a new directory. They just went that
person can be a director. Now that person's a Kiwi
Kei we owned. Now, Hey, how about that. There's a
word for that, isn't it. I'm trying to make this
a word Kiwi washing. Fourteen past four it's the Heather
to Pussy All and Drive full show podcast on iHeartRadio

(07:22):
powered by News Talk ZEP. Heather the government pushing the
rates cap out until twenty twenty five has just sunk
their reelection chances. Another four years of current rate increases
is not on. I mean, Chris, I think you your
hyper intulting. You probably want to grab a bag and
just have a breathe into that. I don't think it's
sunk their reelection chances, but I do wonder what's going
to happen in twenty six because the rates have already
been set for twenty five, so what's going to happen

(07:44):
in twenty six, twenty seven, and twenty eight before we
actually get the rates cap, because if I, if I
was a smart counsel, I'd be building up, might be
filling my little coffers right now, getting it as high
as possible, don't you think seventeen past four good Sport
with tap in play bed with real time odds and
stats are eighteen that responsible? Jason Pines Sports Store Coasters
with me had Poney Hallo, Heather A right, Max for Stappen,

(08:06):
how's he going?

Speaker 11 (08:07):
I think he's well, he's kept himself in the race, right,
He's kept himself in the in the battle for the
driver's championship, which in itself is quite amazing given the
fact he was one hundred points behind after I think
was the Dutch Grand Prix. He's picked up wins, et cetera.
So he's the equation, Heather. If he wins next week
and Lando Norris doesn't get on the podium, then Max

(08:27):
for Stappen will be world champion's That's basically the size
of it. If Lando Norris finishes on the podium first, second,
or third, he will be world champion. So it's all
going to come down to the last race in Abu
Dhabi next Monday. McLaren rarely shot themselves in the foot
this morning they got their pit strategy horribly wrong. It
meant that having controlled the race in the early stages,

(08:50):
they gave up control to the stap and he won
the race kept himself alive. So I guess for the
neutral it's it's a good thing we get to go
to the last event in abub next week with everything
on the line.

Speaker 2 (08:59):
Now, why did I read somewhere that Liam Lawson finds
out tomorrow whether he's got the seat or not.

Speaker 11 (09:03):
Yeah, that's exactly right. That's what Red Bull or Racing
Bulls the stable have said Tomorrow night overnight our time.
So by the time we wake up Wednesday morning will
know that is when they've said they will let everybody
know who's keeping a seat and who's not. Look, everything's
pointing to Liam Lawson keeping his seat and racing balls
and Yuki Sonoda being the one who drops out. Isaacadjo

(09:26):
will go up to Red Bull and Ovan Lindblood will
come into the team. That's the commonly held view. We'll
have it confirmed. Yeah, tomorrow night or early Wednesday morning.

Speaker 2 (09:34):
So you're taking some heart? Are you from the Phoenix
having beaten Adelaide?

Speaker 5 (09:38):
Aren't you? Aren't you taking a bit of heart from that?

Speaker 11 (09:40):
As a former semi Wellingtonian, I'm all about.

Speaker 2 (09:44):
The Auckland FC, and you know, I mean, you do
this every time and you just get your little heartbroken
all over again.

Speaker 11 (09:50):
Poney, But aren't you worried about what happened yesterday? A
loss at go Media to the bottom team. See if
I was an Auckland FC fan, that would worry me
ever so slightly. I don't know I've got but far
be it from me to try and predict results. It's
sport either But look, I think for the first time
the Phoenix go into the game offer better result than

(10:10):
Auckland FC. In terms of the derby. The last four
it's been Auckland f C with the momentum. Will it
mean anything, We don't know. Let's just hope there's not
the rain this Saturday that there was yesterday. Biblical stuff
at go Media yesterday hoping for a nice to down Saturday.

Speaker 2 (10:25):
It was outrageous. Hey, thank you very much. Piney appreciated
Jason Pine's sports talk host Here be back at seven o'clock.
Hither I went to an engagement party last weekend. It
was the first time in years pretty much everyone is drinking,
is smoking and drinking wine. It's weird that sounds like
the eighties, doesn't it. We got through that because you know,
that was a wild time where everybody got completely shicken

(10:46):
on wine all the time, just behaved incredibly badly with
the fagging out of the mouth. Evidently we don't learn anything, Heather.
Being a director doesn't mean you own a company. You
need to be a shareholder. Chris, I know that's what
makes the whole thing more funny, just because you were
pointed like all the shareholders are Australians and the directors
are Australians. And then some random from New Zealand. I

(11:06):
think her name is Anna something I don't even know.
I've never heard of her before. She's now appointed a director.
Suddenly we're in New Zealand owned. I mean, com off it,
you guys, whatever, you probably don't care. You probably don't care.
You're just going to eat those dry ass snacks on
the plane and you're going to And the whole thing
was just pointless anyway, and just virtue signaling from me
in New Zealand for twenty one.

Speaker 1 (11:26):
The headlines and the hard questions. It's the mic asking.

Speaker 12 (11:30):
Breakfast the Reserve Bank be a final cut?

Speaker 7 (11:32):
Where are you at?

Speaker 12 (11:33):
Because I still can't work out whether the banks are screwing.
It's the Monetary Policy Committee said margins for the retails
a backup.

Speaker 13 (11:39):
So what I want us to watch that really closely?
I made that point a couple of weeks ago. We
expect them to be passing through those OCR cuts, so
we get the transmission out into retail rates as quickly
as possible. That should be instantaneous army, not here. The
second thing is there are some amazing deals out there
at the moment, and if you're not happy with your bank,
actually the public should be shopping around.

Speaker 12 (11:58):
But are those deals about cash backs as opposed to
better interest rates?

Speaker 13 (12:01):
Now there's actually variation and interest.

Speaker 12 (12:03):
Rates back Tomorrow at six am the Mike Hosking Breakfast
with Maylee's Real Estate News Talks ZB.

Speaker 1 (12:09):
Out of the name you truffed to get the answers
you need. It's Heather dupl Clan Drive with one New
Zealand coverage like no one else News Talk.

Speaker 3 (12:19):
Theb O.

Speaker 2 (12:20):
Think this is probably not going to surprise anyone, but
the Florida talks have rapped about Ukraine and there is
no resolution. Right Marco Rubio says the talks were productive,
but there's still more work to do. Doesn't look like
the I mean, at least at the outset, there's no
reported talks to follow these talks. So I'm guessing the
next thing that's going to happen is that Zelenski is
visiting Paris. I think basically overnight our time to talk

(12:41):
to Macron, who's a strong ally, and maybe that will
get the thing moving along a little bit. On the
rates caps, of course, post cabinet press conference is happening
right now. Here's Simon Watt's talking about it.

Speaker 6 (12:51):
We've taken considerable learnings from other jurisdictions of where it
hasn't been effective. I think when you stand back and
look at what we're doing here, first and foremost, we
want to protect rate payers. The fact of double digit
significant increase in growth, particularly those on fixed income, it's
just just not sustainable and is not appropriate.

Speaker 2 (13:09):
The thing is obviously counsels, I mean councils would argue
that they do not have enough money at the moment
and they need to get money from somewhere, and so
of course the Prime Ministers asked whether he's prepared to
share GST with the councils or maybe allow them to
put in place things like bed levies. This was his answer.

Speaker 13 (13:24):
Well, you've seen us announced, you know, just last week
with Chris and Simon talking about the going for growth
with actually you know, growth pays for growth. I think
that's a good example of what we're talking about in
terms of new tools being available. But as we've said
for this term, you know, bad tax is not something
that we're considering.

Speaker 2 (13:40):
Okay, we'll talk to Simon. What's the local government minister
after five? It's four twenty five.

Speaker 3 (13:44):
Ever do perceive Yeah, I'm.

Speaker 2 (13:47):
Guessing if I had to take a punt at what's
going on with Andrew Costa, it looks to me like
he is making it very, very difficult for the government
to fire him. Topics come up again today because the
Social Investment a Social Investment Ministry or whatever it's called
agency I think it is, which he is still in
charge of, was in front of Parliament today for the

(14:07):
scrutiny week stuff, and of course Andrew Costa wasn't there
because they're trying to sack him. So the guy who's
filling in for him was there and he was asked
about and it was clearly under instructions to say nothing
at all other than it's an employment matter. So the
thing is still ongoing. So what this means is that
three weeks later, they still haven't fired Andrew Costa. So
for three weeks, he's still getting paid, right, and he's

(14:29):
getting paid at a rate of around about eleven thousand dollars.
I know he's getting a lot of money, eleven thousand
dollars a week, So in the last three weeks he's
racked up a sweet little thirty five thousand dollars and
he hasn't even turned up in the office, but he
continues to get paid. And what that should tell you
is he's putting up a fight because remember they were like, oh,
we'll get this done really quickly. But I think maybe
some ministers may have said a little bit too much

(14:51):
about what they thought was going on in the IPCA report.
And if I was howm I would have made them
pay for that. So what I would say is Andrew Costa,
by the looks of things, is going to be walking
away with a lot of money from us in order
to get him out of this agency. So I'm sure
we're going to be doing all the digging and finding
out about that later on at some stage. When I
say later on, it'll be you know, after they fire him,

(15:13):
which could take gold knows how long. Anyway, Oliver Peterson
out of Australia with us shortly. News Talks hed b.

Speaker 14 (15:24):
You got the fastest car.

Speaker 3 (15:26):
It's fast enough.

Speaker 2 (15:27):
Do we can fly we steal go to make your decision.

Speaker 3 (15:31):
Leave now live die this way.

Speaker 1 (15:38):
On your smart speaker, on the iHeart app and in
your car on your drive home. It's hither dup clan
drive with one New Zealand tender power of satellite mobile
News Talks.

Speaker 15 (15:49):
D b Ill Judith of that, so can you.

Speaker 2 (15:52):
Come bick right? Barry Sofas back with us. He's with
us in ten minutes time. Tell you who's in the
office today, Gne tib Traney. Gene's a friend of the show.
We have her on quite regularly after six thirty. Anyway,
So Jane walked through the office and she said to
us today, she said, are you aware that the swap
rates have gone up by thirty basis points. She's just

(16:14):
been talking to some bankers swap rates have gone up
by thirty basis points. This isn't it. This is why
the fixed rates have not come down. This is really
the OCR because the OCR was cut last week. Remember
the floating rates came back, fixed rates didn't. She's like,
this is why. Also, this is why they're not going
to come down. So we were like, hmm right, well
let's have another chat about that. So we've got Nick
Toughly of ASB coming on. He's going to be with

(16:34):
us after five o'clock to explain that and maybe to
dash all hopes of getting a better fixed rate. It's
twenty four away from five.

Speaker 1 (16:42):
It's the world wires on news talks every drive.

Speaker 2 (16:45):
Four people in Sydney have been charged with distributing child
sexual abuse material. Here's the new South Wales Police.

Speaker 16 (16:51):
This international group we're engaging in conversations and the sharing
of material which depicted child abuse and torture of children
involving symbols and rituals linked to Satanism and their colt.

Speaker 2 (17:08):
More with Oli Pederson on that. Shortly to Hong Kong.
The confirmed death toll from those apartment fires is now
one hundred and forty six one hundred and fifty people
are still missing. The local police say they're finding it
difficult to search the building.

Speaker 17 (17:19):
After the fire, many buildings in many places have become
completely charted. The whole houses pitch black, no electricity on
site and no normal lighting. The working environment on site
is quite harsh.

Speaker 2 (17:31):
And finally, not really cheese. A limited edition bulk pack
of boxed mac and cheese has sold out in minutes
In the States. Walmart put the Mac Friday box up
for sale on their website on Black Friday, and for
thirty four dollars New Zealand dollars, you got sixty four
sixty five boxes rather of craft mac and cheese, and

(17:52):
apparently Americans love that stuff enough that it was sold
out within two minutes after going on sale.

Speaker 1 (17:57):
International correspondence with Ends and Insurance Peace of Mind for
New Zealand business.

Speaker 2 (18:03):
Oli Peterson, Australia correspondents with us hallo, Oli, Hey there's
the tannic stuff. So bit weird, isn't it really.

Speaker 7 (18:10):
We're a bloke by the name of Landon Gueramotta Mills.
I hadn't heard of him before, but he runs an
organization called the Underground Media Network, aged twenty six and
is the leader of this group. Now, Underground Media Network
describes itself as an independent investigative journalism platform aiming to
investigate issues in child protection and public interest harm. So

(18:34):
it gives the idea obviously that they're there to help,
that they're there to uncover these sorts of rings. But
the people involve are allegedly also pedophiles themselves. So this
twenty six year old man has been arrested, he's the
alleged leader of the group. And then three other men
aged forty six, forty two and thirty nine have been
arrested across Sydney. Now this happened late last week. One
of them was a former swimming coach. But this all

(18:56):
coming to light today by New South Wales pol And.
As you heard their Detective Superintendent Jane Doherty saying, the
material was abhorrence and some of the child abuse material
and the torture of children that these police officers alleged
to have witnessed on these hard drives they could not describe.
So this is all obviously going before the courts early

(19:18):
next year and it just sounds absolutely horrific.

Speaker 2 (19:22):
Yeah, it sounds grim. Okay, what's happening with the Defense Department.

Speaker 7 (19:26):
Well, they're going to make some major changes foreign and sorry,
the Defense Minister Richard Marles a Deputy Prime Minister. The
Defense budget, if you look at it like this header,
it's worth fifty six billion Australian dollars a year, but
within ten years that's going to grow to one hundred
billion dollars. Obviously all around, obviously the investment in Orcus
in particular, but the government is going to announce a
major overhaul of it, going to cut dozens of high

(19:49):
ranking officials. They say they want to reduce the cost blowouts. Now,
if you're going to obviously double the size of the
investment and then get rid of people, is it about
trying to reduce red tape?

Speaker 5 (19:57):
I don't know.

Speaker 7 (19:58):
It sounds on the surface anyway like it does need
a reorganization. There's something like nineteen projects ongoing from the
Defense Apartment at the Defense Department at the moment, and
it's just going to be about trying to re strategize
which particular projects should be a priority.

Speaker 3 (20:13):
But it all points towards UCUS.

Speaker 7 (20:16):
Good luck trying to make the Department of Defense more
efficient because we've got a hierarchy, right that's what it's
built around.

Speaker 3 (20:22):
It's going to be a difficult task ahead.

Speaker 2 (20:24):
So how much is Australia phizzling for Elbow's nuptials.

Speaker 7 (20:28):
Well, he's paid for it himself. We're told he's all
paid for it himself.

Speaker 2 (20:32):
He's straight and who paid for it?

Speaker 7 (20:35):
Well, forty people turn up here. But I'm surprised you
and I didn't get an invite. I thought we might
have been on the guest list. Would have been a
bit of fun, wouldn't it. Forty people at the Lodge
on Saturday. He's paid for it himself. Even the Opposition
leader Susan Lee and the Nationals leader David a little
proud of all said, you know, good luck, have a
great life. And it was described by Jody, the Prime
Minister's wife, that wherever, obviously the Prime Minister goes to

(20:55):
get married, there's going to be an extra expense, right
because he needs a lot of security, they actually think,
and they have been able to do a little cheaper
in the gardens at the Lodge in Canberra on the weekend.
But the first ever Australian Prime minister to be married
in the grounds of the lodge kind of cool, I
suppose they're on a honeymoon somewhere here in a strike.

Speaker 3 (21:11):
Maybe they're in Wa. They're probably in Perth. Let me
go have a look.

Speaker 2 (21:13):
Oh no, no one goes on a honeymoon in Perth.
Does she take a surname? Is she Jodi Albanese? No?

Speaker 7 (21:20):
Not yet, not yet?

Speaker 3 (21:21):
I reckon she will.

Speaker 7 (21:22):
I mean she's already represented Australia on the you know,
side by side with him on the big stage, you know,
around the world.

Speaker 3 (21:27):
She might take Jody Alberini.

Speaker 2 (21:29):
So she's still Jody Hayden and she's still a modern woman.

Speaker 7 (21:32):
Yeah, at the moment.

Speaker 2 (21:33):
She is good for her. I like that. Did her
wife take her name?

Speaker 3 (21:36):
Yeah? She did.

Speaker 7 (21:37):
Yeah, but she had a she had a sort of
a German Dutch kind of surnames Easier Steinhauer.

Speaker 2 (21:43):
Oh yeah, that's quite a nice surname. Acas. I'm surprised
she swapped Steinhawer, Peterson. I'm not gonna lie. Thank you,
Olie as always appreciated, Oli Peterson, Olli Peters, Ollie Steinhauer
Sex pr Perth live. Can I shall I get into it?
I it's one of it's my thing. I do not understand.
I cannot get over it. I do not understand why

(22:05):
modern women take their men's surnames. I cannot understand it,
and it becomes it's become it's become like I've had
to stop talking about it in the newsroom because it's
one of them like you know, when you get when
you can't like, you lose, you lose the empathy gene
for understanding why anybody would make a decision. I'm like,
I've got that. The empathy gene has switched off on
this for me.

Speaker 5 (22:23):
So he's going to start talking about it on air now.

Speaker 2 (22:26):
Because I'm not allowed. Yeah, I just thought I have
got my audience of three team members has told me
to shut up. So I was like, that's fine. There's
at least about two hundred and fifty thousand people that's
happy for me to talk to them, not eighteen away.

Speaker 3 (22:39):
From five either, duple cy Ellen.

Speaker 2 (22:41):
No more talking about that now. Listen when he's when
he's going to play national off against Labor. That is
going to happen at the next election because we've got
more evidence that when he is up to his old
tricks again and he so Penny Henare, who is a
senior Labor MP and has designs on being the leader
of the Labor Party, has told Stuff that he and
Winston are talking about it. He said, oh, you know,

(23:02):
talking about opportunities next year. What do you think? What
do you think next year? Is he takes a bloody
good interest in our policies, asks for some details. So
I have that time with him, and then Stuff said, oh,
is he building a bridge between Labor and New Zealand
first and a potential coalition kind of way? And he
Naude said, oh, look, we've got to keep all those
options alive, right, So what do you think that tells you?

Speaker 3 (23:25):
Now?

Speaker 2 (23:25):
Winston obviously Chippy's denying it because this is because Chippy
didn't know what's going on, by the looks of things,
because old mates obviously up to Shenanigan's this is he Naude,
Winston is denying it. But of course Winston is doing
this because he's because you'd be a stupid politician if
you could potentially stitch a coalition to the left or
a coalition to the right, you'd be stupid not to
keep those options alive. And because obviously if you go

(23:48):
into coalition negotiations with both of them, like Winston, Peters
has done more times than you and I have had
hot dinners. You are able to leverage and get more
out of an extract more. So obviously Winston's going to
do that anyway, and Labor plus New Zealand first is possible.
So I'm just preparing you for it so that when
we come November next year and if this does happen,
we don't all go.

Speaker 3 (24:08):
Oh, how did we?

Speaker 2 (24:10):
No one ever told us Winston would do this. His
signs are everywhere sixteen away from.

Speaker 1 (24:15):
Five Politics with centric credit, check your customers and get
payment certainty.

Speaker 2 (24:20):
If we get a chance, I'm going to read you
some interesting stuff about the party coup that didn't happen
in National. We'll do that shortly. It's fourteen away from
five and Barri Soper, Senior political Correspondence back with us.

Speaker 10 (24:29):
I Barry, good afternoon.

Speaker 2 (24:31):
Have us So Winston's denied to you that he's doing.

Speaker 10 (24:33):
This, absolutely, he said, he heard you repeat it on
radio this afternoon. But he said, look, he does talk
to Labor. He talks to all political parties as part
of his role as Foreign Affairs spokesperson or minister. He said,
he speaks to the spokespeople on the parties. But to say,

(24:54):
as Penny Henarde has that they're talking about a possible
coalition come the election next year. Said nothing could be
further from the truth. And to that point, he even
showed me the text that he had sent the journalists
that first wrote the story and denying it vehemently, and
yet it was written anyway. So how can you win, because.

Speaker 2 (25:18):
I mean with that's another debate for another debut. Are
you telling me that? Because I only just said it
on air about three minutes ago he texted you and
the intervening period to tell you that he'd heard me
saying it. Yes, someone's a bit touchy, isn't he.

Speaker 10 (25:31):
Well, well, I would be touchy as well. Actually, if
you know, the coalition negotiations take the form that they
always take the form out that when the public's had
to say, then they'll sit down with the leaders of
which of a minor party is in a position to
form a government, and then they do it. They've never

(25:51):
done it in advance, and Winston Peter certainly would not
I would imagine, knowing him as well as they do,
would not be sitting down with the Labor Party talking
about possible coalitions.

Speaker 2 (26:03):
Okay, talk to me about the rates cap. What do
you make of it.

Speaker 10 (26:07):
Well, it's interesting, I know that you know this government
is doing a lot on that front. On the local
government front, rates caps are widespread in Europe and many
other countries where maximums are generally effects as they will
be if this one goes ahead as its planned. But
people have or local councils have until next February to

(26:30):
make submissions to this. I mean when you look at
the only ready two countries that don't have some sort
of cap from central government is India and don't get
their growth rate is a phenomenal eight percent at the
moment and Malaysia though the local prerogative of local councils.
But the ceilings at times are used there and we

(26:53):
know the regional authorities days in number with this government.
But there will be exceptions to that to four percent
where a council can go above the four four percent limit. Yes,
Chris Luckson, it's.

Speaker 13 (27:06):
Not unreasonable two to four percent be within the band
going forward from here on through immediately. Yes, agains strengthen
as we pass the different path through the parts of
different gates of law, but also we'll have some flexibility
of this obvious things that we need to deal with
like that come up unforeseen. But equally we do expect
people to deal with those exceptions for a while and

(27:27):
then we expect people to be back in the band again.

Speaker 10 (27:30):
The problem is here an infrastructure New Zealand have already
put out a statement saying that look, essential projects could
well be delayed if councils have to keep within a
limit for their rates cap and you can understand that,
no doubt they'll now have to come up with a

(27:50):
good reason. And this doesn't come into full being I
think until really twenty twenty nine, so there's a lot
of time between now and then to do a lot
of talking and a lot of building in the meantime.

Speaker 2 (28:03):
Did you think that Labour's plan for assisting GPS into
surgeries was actually quite a boring announcement from a conference.

Speaker 10 (28:12):
Well, you know some conferences they don't have an announcement.
But when you think that two thirds of practice owners
is GPS and their partners are intending to retire within
the next ten years, it's really a bit of a
concern here. What Labor has argued with this policy is
that they could free up four point five million doctors

(28:34):
appointments every year. Well, I don't know that would be
the case, but they'll be initially offering those loans up
to fifty of them, prioritizing areas that have no GPS
or practices within a particular area. They'll also be available
for owner and community operated general practices. They've got to
repay the loan over the first ten years that we know.

(28:57):
Interest on the first two years of loans up to
half a million bucks. So where the money's coming from.

Speaker 2 (29:04):
I'm not quite sure, Barry, Thanks very much, appreciate it, Barry,
so per senior political correspondent. Right, we will deal with
the Andrea of Vantes piece next nine away from five.
If the Winnipe should be worried about the Labour Party talk,
we won't forgive him again and he will always be
remembered as someone the New Zealand public could not trust.
That will be his legacy. Roy that doesn't think about this.
It doesn't matter because when he went, remember he's already

(29:25):
stuffed us one time, right, he pulled a little swifty
on us because Bill English actually got the the highest
vote share and he went with Jasinda and of course
the National part of National Leading people who voted for
Winnie were furious about it, but they're forgiven him now
because he picked their team this time. And that's how
it goes. Every time he switches, a whole bunch of
people are really angry, but the other people are really

(29:46):
really grateful. And then when he switches again, those people
are really angry and the other people are really grateful.
So either way, he's sort of like he's made half
his support angry and the other half happy, and so
I think he just goes, well, it doesn't matter which
half is angry and which half is happy. It doesn't
matter five ways from five now. On the National Party
coup that didn't happen, Andrea Vance has written a piece
for the Sunday Star Times yesterday that I actually think

(30:08):
is worth bringing to your attention because he's got some
very interesting things in it. So first, obviously there was
a coup attempt, which you are not surprised by because
I've been telling you about it for ages. Second, obviously
Chris Bishop didn't get the numbers, which again is not
a surprise because it didn't happen in the end. But
Andrea Vance reckons he couldn't get even close to a
third of his caucus, So that's not a lot of

(30:30):
support at all. Erica Stanford. I find this fascinating. Erica
Stanford is important in this because she was rumored to
be his deputy, but in the end seems to have
not wanted to do it because she still wants to
be leader herself apparently, and she is. And this is
the interesting thing. She is taking advice from an Australian
political consultancy firm, so that means, you know, ol mate

(30:50):
is quite serious about that. And also Murray McCully who
used to be her boss and knows politics back to front.
Paul Goldsmith and Judith Collins didn't want to do it
because they support Christopher Luxen because he basically revived their
political careers. Mark Mitchell didn't want to do it because
he also is still nursing leadership hopes. And Nikola Willis
is very close to both Chris Luxen and Chris Bishop,

(31:12):
but she is in camp Luxen. She's picked the sides
on this because obviously under Chris Bishop she would lose
her finance job. And the evidence that she'd picked sides
was in the fact that she gave that that was
a surprise speech, by the way, the key we save
a speech was a surprise speech on Sunday last week
which was designed to kind of shore up the base
for Chris Luxen, you know, in the wake of all
those rumors. And then she did the opening speech, open
the keynote opening for him and blah blah blah, and

(31:34):
that was a sign that she'd taken she'd taken her side.
So the yougo, you can put a bow on that.
Fun that's finished for the rest of the year. Hither
I think four percent here on the rates cap is
too much. They should deal with the money that we
have like the rest of us. Now four percent, let
me just rain you through this really quickly. Right in
the last the rates have been set for twenty five

(31:56):
only five councils have come in under the four percent mark.
Wanga Nui at two point two percent, they have played,
a regional council at three percent, Northland Regional Council at
three point five four percent, Why Tomo District Council at
two point nine one percent, and heard a Nui District
Council at three point thirty seven. That is how hard
that is? How hard that's out of seventy eight, by

(32:16):
the way, that is how hard it's going to be
to do four percent Simon what's the minister doing it
is with us next, and then Nick Tuffley of ASB
on what the swap rates are doing and what that
means for the chances of getting a better fixed home
loan rate, which is not very good. By the way,
Newstalk ZB.

Speaker 1 (32:51):
The only drive show you can try to ask the questions,
get the answers, find a fact and give the analysis.
Hither does the Ell and Drive With one New Zealand
and the power of satellite mobile news dogs Envy.

Speaker 3 (33:07):
Afternoon.

Speaker 2 (33:07):
The government's putting a stop to you're constantly ballooning rates bill.
The councils will now only be allowed to raise rates
by between two and four percent unless they have permission
from a government appointed regulator to go beyond that. Water
rates and other fees and levies will not fall under
the cap. Simon Watts is the Local Government Minister High
Simon hi Heather Why four percent?

Speaker 6 (33:27):
Well, four percent represents the long run economic growth number.
That means that council's got a clear cap on total expenditure.
We've set a range between two and four. The two's
at the midpoint for inflation. We think that's a sensible
band for councils to maintain their expenditure within.

Speaker 2 (33:43):
Okay, I mean this is going to be tough, isn't
it Because in the last financial yeah, only five out
of seventy eight councils managed to come under that.

Speaker 6 (33:51):
Yeah, it's going to be tough, Heather, But guess what
it's been tough on everyone households, businesses, and you know,
you think about those on fixed income in particular, double
digit rate increases, some up to twenty percent. It's just
simply not feasible. And that's what we've been hearing loud
and clear from rate payers. We've got a range, we've
got a model that we believe will ensure that councils

(34:13):
are going to be able to get to that point.
And at the end of the day, you know, I
think this is a sensible policy and it's going to
be one that protects and supports rate pers.

Speaker 2 (34:21):
Are you worried about the third maintenance where instead of
cutting you know, instead of cutting the nice to have
that we would like them to, can't they start just
not fixing the pipes like Wellington's done.

Speaker 6 (34:31):
Well, Look, no one's capping infrastructure. We're capping inefficiency and
I said today that New Zealand has not got low
productivity because councils were too disciplined. That's actually the opposite,
and so that's why we're coming in with this reform.
We know that infrastructure is a challenge and working our
way through. You've seen that with our water reforms. But again,

(34:53):
using the GDP economic growth rate is an upper band
provides us with a long run tar target, which we
think is appropriate. And I've had an independent reference group
led by Cameron Baggery to help develop this policy. They
had local government reps and also people from offshore as well.
They did a lot of thinking around this and we
believe this is probably one of the first instances of

(35:13):
the world where they're using a range based target model.

Speaker 2 (35:18):
Look, it doesn't kick in, you know, fully in effect
until twenty twenty nine. Are you worried that in the
intervening three rate cycles that they have left they may
just go healthful leather and raise a whole bunch of money.

Speaker 6 (35:29):
Well, no, it's going to be legislated and in law
by the first of January twenty twenty seven. The full
regulated model won't be fully in play by twenty nine.

Speaker 2 (35:39):
So that rates cap so does the four percent kick
in in twenty seven?

Speaker 6 (35:44):
It kicks in from twenty seven. First of January twenty
twenty seven is when the law comes in. And to
be honest, Heather, I expect councils out there today they've
had a really clear signal from government today that the
range is two to four.

Speaker 5 (35:55):
And you know, you see how the lot and this
is important.

Speaker 2 (35:59):
At which point do they have to abide by the cap?

Speaker 6 (36:04):
So that will be once the regulator is in place.

Speaker 18 (36:06):
Twenty nine at so they've got three faster.

Speaker 2 (36:10):
Yes, but what I maybe you can do it faster.
But in the intervening period, are you worried that they
will go?

Speaker 7 (36:15):
Right?

Speaker 2 (36:15):
We just need to get it up as high as
we possibly can to make sure we've got lots of
income coming in.

Speaker 6 (36:19):
Will you look at how many mayors and councilors got
taken out at the lost local government elections who were
not campaigning on reducing rates. I think it's been pretty
clear from rate payers are telling their counselors, get with
the program. We want you to be managing your budgets
like household are. Now we've got a clear signal around
what the expectation is on.

Speaker 2 (36:37):
That Okay, the exemptions, I mean if one of the exempts.
So the exemptions are obviously things that you can't expect,
you can't anticipate like that traditional circumstances.

Speaker 3 (36:45):
Yeah.

Speaker 2 (36:46):
Absolutely. One of them is basically to deal with deferred maintenance,
which I would have thought is basically all councils.

Speaker 6 (36:52):
No, it's there's a mechanism there in certain circumstances, but
none of these things. It's not a default exemption. You
have to apply to the regulator. The regulator you have
to consider that, you'd have to provide a plan of
how you're going to get back to range. And again
these will be given out only an exceptional circumstances. Pretty much, well,
all councils will need to operate within the band unless

(37:13):
they've got an exemption, and they wouldn't expect me need
to have that.

Speaker 2 (37:15):
All right, Simon, thank you very much for your time. Simon,
what's the local government minister? It's eleven past five.

Speaker 3 (37:20):
Ever, duplicy Allen.

Speaker 2 (37:22):
If you're waiting for the major banks to cut their
fixed mortgage rates after the OCR was dropped last week,
you might be out of luck. It looks like the
wholesale market has been surprised by the Reserve Bank firmly
ruling out any further cuts, and that's led to a
jump in wholesale interest rates. Nick Tuffley is the ASB
Chief economist and with us Hello, Nick.

Speaker 19 (37:39):
Good afternoon.

Speaker 2 (37:39):
How much of the wholesale rates up by that does.

Speaker 19 (37:43):
Vary by the term, but if you're looking at compared
to right before the NPS, you're probably anywhere between so
fifteen and thirty basis points, and you're up more than
that from the lows that we got to sort of
later in October.

Speaker 2 (37:55):
Okay, so what brought this on?

Speaker 19 (37:57):
Well, you had the mark it's before the Montreal policy
statement still in effect building into wholesale rates, that there
was probably about a fifty to fifty chance of a
further interest rate cut, and the Reserve Bank, I guess
you could say they left the door slightly jar to
cutting further if the economy doesn't pick up like it was,
like it's generally expected to. But they were making some

(38:20):
pretty clear noises that they think they're pretty much done,
and so that markets have shifted to pricing in a
much greater chance of the official cash rate going up
is the next move rather than down.

Speaker 2 (38:32):
Was this clumsy from the Reserve Bank.

Speaker 19 (38:35):
Well, I think I would say it's inconvenient from the
point of view that we know that there are a
number of people who will be fixing their mortgage rates
and you run the risk of we certainly put the
cost of wholesale borrowing up a bit higher as a
result of this. But the challenges lot if you've got
markets pricing in a cut and you get to a

(38:57):
point where that's no longer likely to happen, you are
going to get a reaction at some point. It just
feels like we're seeing quite a market lift and rates
and every short period of time.

Speaker 2 (39:05):
Right, So what do you reckon? Nick? Is it up
from here?

Speaker 19 (39:09):
From the Reserve Bank's view, look, I think we're on hold.
From here is the most likely outcome. I mean, that
was what we were thinking before this statement.

Speaker 2 (39:17):
We were just what I was meaning.

Speaker 6 (39:19):
Chance.

Speaker 2 (39:19):
If you were thinking I'm just going to wait for
those fixed rates to come back a little bit, you
you probably have to factor in that they're going to
go up now.

Speaker 19 (39:25):
Right Well, from here, I think that's the more more
likely way you're going to be I'll put it this way,
is that the drivers to push rates down further. You
know you are looking for something to happen overseas it's
not good news or something domestically that's not good news
to sort of really be a key catalyst for there.
So look at it is that time for people to
start looking and going Okay, look, I've been waiting for

(39:48):
the Reserve Bank to get to the bottom. Maybe we're there.
You know what it is? This the time to start
looking at what's the right thing to do?

Speaker 2 (39:54):
Yeah? Nick, thank you very much for you to im appreciated.
Nick Touughley, a'sbchief economist.

Speaker 3 (39:59):
Ever to see Ellen listen.

Speaker 2 (40:01):
I gotta warn you you know what's happening on Thursday A.
I mean put this in your diary, Get the kids
out of school, take the day off work. Ikea is
opening on Thursday, which means, because today's Monday, we are
in full mental crazy mode. The stories are just like,
look if if you need to put a block on Ikea,
if you don't want to see what's going on. But

(40:21):
everybody's going nuts on it. Why IKEA's new Auckland store
had to be built like a near hospital strength bunker,
says The Herald. The shelves have stopped the chillers are filled,
the pillows of fluffed. Ikea is Ready is another headline.
First look inside Ikea Sylvia Park ahead official opening. Take
a look inside Auckland's flagship Ikea store before opening day.
The front page is on location, which I think means

(40:44):
they've recorded a podcast. It probably in the store, New
Zealand's first Ikea Inside IKEA's massive new Auckland store. What
shoppers can expect, probably I hate to break this to you,
Ikea products. That's what you can expect. You're gonna walk in,
You're gonna se Ikea products, which is why you're there.

Speaker 3 (41:00):
I kid.

Speaker 2 (41:01):
The vintage style table lamp creates the most gorgeous ambient
like it and it just goes on and on.

Speaker 3 (41:06):
It's just on and on and on and on.

Speaker 2 (41:08):
Story is about a shop opening, and you've been here before,
and I've been here before, and you know what happens
now a we're going to get it tomorrow? Are we
going to get it Wednesday? And then it's going to
be and it's full glory on Thursday, and then it'll
sort of taper off. But boy, we're in for a
week of mental news. Quarter past upgrades we love and
upgrade a and now you can upgrade your car rental
with Enterprise Rental Car. Enterprise Mobility is the biggest vehicle

(41:30):
hire company in the world and they operate in more
than ninety countries across over nine five hundred branch locations. Internationally,
there are an absolute giant and car rentals and now
with eight ebe run branches from Auckland all the way
to Dunedin, Queenstown and now the latest edition in Viicago.
You will want to choose Enterprise Rental Car as your
preferred car rental provider, whether you're renting for business travel,

(41:52):
heading off on a trip somewhere with your Farno or
your friends. The team at Enterprise know how to make
the whole process easy and efficient for you with great
vehicles and with top notch service and seriously competitive rates.
Upgrade your car rental with Enterprise Rental Car for a
superior journey. You can check it all out at their website.
That's Enterprise rent a Car dot co dot Nz, Enterprise

(42:13):
rent a Car dot co dot Nz.

Speaker 3 (42:15):
Heather Doopers Allen it's.

Speaker 2 (42:18):
Nineteen past five, OK. A christ Church school is asking
kids and parents to watch out for symptoms of food
poisoning because they've got some rancid and moldy school lunches
today and I've looked at the pictures and it's pretty gross.
By the time the school realized the meals were off,
some kids had already eaten them. Peggy Burrows as the
principal at Highauter Community Campus and with us High. Peggy sure, Now, Peggy,
I'm looking at this picture and it is like seventy

(42:41):
percent covered in mold the food. Nobody ate that, right.

Speaker 9 (42:45):
No, it's pretty horrendous, isn't it. So hopefully when they
were open, kids would have been illusion to effect, but
some of our smaller children perhaps didn't realize. In some
of the lunches that we managed to recover looked like
they'd either been nibbled, and factly was one that looked
like it had been eaten. So we are very consumed.

Speaker 2 (43:02):
But Peggy, they can't all be like the one in
the picture.

Speaker 9 (43:05):
No, that's true. So the lunches are delivered by Compass
and they come in caravans which are like a chili bin,
only they're heated, so and there are multiple carabans there.
So when we did a quick check after we shut
it down, each of the carabans had some contaminated food
in them. So we eluded our compass and said could

(43:26):
they please come immediately, which they did.

Speaker 2 (43:28):
Right, because these these meals are individual portions, so it's possible.
I mean, it seems like the photograph that looks horrendous
will be the worst case, and then you will have
a sort of a declining scale to food that was
actually probably more consumable at the far end right.

Speaker 9 (43:44):
Possibly, possibly, I couldn't guarantee that though. So we the
staff are encouraged to eat the lunches as well with
the students. So a staff member peeled back the top
of hers and that that was her one. So she
eluded us immediately, and then we shut everything down and
then we opened just random ones and so some of
them were perfect, and some of the children reported that

(44:06):
they had eaten the meals and they were fine. We
didn't find any child who was feeling sick or unwell,
but of course we had to do those notifications immediately, Yeah,
to make sure that parents are alluded to the fact
that there could be a problem.

Speaker 2 (44:19):
Interesting, Hey, thank you, Peggy really appreciated. That's Peggy Burrows,
who is the principle at Hiyata Community Campus. Heither we
are in the Ikea store. Now, how about that? In
the Ikea store and listening to newstalk z'b drive. Is
that not a perfect experience. It's super busy, even after
even before opening. I feel sorry for all the other
businesses around here. Is they're not going to be able
to move with the traffic, Joel, They're not. No one's

(44:40):
going to be like you do realize Auckland is coming
to a still or standstill? Which way do you say
to it? I can't even remember. It's a right the way? Yeah, still,
stand stand still, same, same anyway. It's we're grid locking.
We're shutting down on Thursday because the traffic's being told
if you can't go down the Southern Motorway to get
to the Sylvie Park, you want to use the Ring
Road and get to it that way. So all the
motorways are just going to be got with Ikea traffic. So yeah,

(45:04):
in mind the business. Feel sorry for literally everyone, literally
everyone is impacted by this. As the mental madness descends
on the city of Auckland five twenty two.

Speaker 3 (45:14):
Cutting through the.

Speaker 1 (45:14):
Noise to get the facts, it's Heather Duplicyl and drive
with one New Zealand coverage like no one else youth talks.

Speaker 2 (45:22):
They'd be heather, did that principle just say the teachers
eat the lunches as well? M yeah, we're getting a
few texts about that. That principle did in fact say
that five they are encouraged to eat the lunches with
the children. I think was sort of roughly what was
said five twenty five. Listen, now that we have seen
the results of the latest smoking survey, can we please

(45:43):
stop banging on about tobacco in this government If you
haven't seen it, The headline is basically that New Zealand
is winning on smoking and apparently winning on vaping too.
Only one percent one percent of fourteen and fifteen year
old smoke cities daily. Only two point five percent them
smoke singies every now and again, which I presume means
that they're doing it at the weekend at parties or

(46:04):
a skate park or whatever. But either way, both of
those numbers are minuscule, particularly the one percent minuscule. That
is a generation of kids you can basically call smoke
free on vaping, which has been something of a problem
for the kids of late daily vaping for fourteen and
fifteen year olds has fallen from close to nine percent
down to seven percent. Now again that is, let's be fair,

(46:26):
that is not a massive drop off, but it's heated
in the right direction. Moon for a very long time
it was going in the wrong direction. The suggestion here
is that vaping is becoming less cool for kids, which
is a massive win. We are doing extraordinarily well when
it comes to inhaling weird stuff into your lungs. Only
six point eight percent of people still smoke. That is
a remarkable decline from the rate of around about twelve

(46:47):
percent only six years ago. But you wouldn't know that,
would you if you just read the endless news stories
about how this government is captured by the tobacco lobby.
How we're going to miss our smoke free twenty twenty
five target and thirty one days time because the smoking
rate as six point eight percent instead of five percent.
How the government gave a tax break to heat it
tobacco products when actually what they were trying to do
was just give the hardcore smokers another thing to do

(47:09):
instead of smoking that was less bad for them. How
the government is captured by the tobacco lobby, how the
tobacco industry is interfering in government policy. Given the number
of stories, you would think that smoking was an enormous
problem in this country, when it actually isn't. It is
a very small problem. Now it is a declining problem,
and if you actually want to call it by a

(47:29):
perfectly good descriptor, it would be it is a success story.
The tobacco stories in this government are boring, and now
we find out they're actually also unfair.

Speaker 3 (47:40):
Heather Duplicy Ellen.

Speaker 2 (47:43):
M hither I am mad for this BS. I can
campaign for mayor on a platform of reducing rates, but
that does not mean I will do it. Mayor's losing
their seats as a crack argument. That's Trevor from christ Church.
Trevor is upset because, yeah, look Simon, what Simon Watts
did was when it was confronted with questions he didn't
want to have to answer, he just basically didn't or

(48:03):
he answered them very badly. What is obviously going to
happen is between now and twenty twenty nine, your rates
are going to go up at an extraordinary rate so
that they're going to get them high and keep them high.
That's what's going to happen.

Speaker 1 (48:13):
News is next, hard questions, strong opinion here the duplicy
Ellen drive with one New Zealand and the power of
satellite mobile news talks, they'd be.

Speaker 2 (48:30):
Right the huddle standing by. We have Joseph Agarni and
Trisherson of us this evening, and then Nichola Willis will
be with us after six as per usual. News just
out an urgent legal injunction. Injunction has been filed to
stop the incoming ban on the puberty blockers. It's been
filed by the Professional Association of Transgender Health ALTIAT or
Juda Kacan. Obviously, if you've been following it, Juda Kickan

(48:51):
on the nineteenth of December, so that's Friday, like Friday
in about three weeks. But these guys say they've taken
this to court immediately for a judicial review because the
regulations are being enacted based on politics, not on clinical
evidence or best practice decision making. So keep an eye
on that one twenty four away from six. Now, let's
talk a little bit more about the rate caps. There's
concern that the government's rate caps will lead to more

(49:13):
underfunding of desperately needed infrastructure. The government will force the
councils to restrict their rates increases to between two and
four percent within the next four years. Nick Legan is
the chief executive of Infrastructure New Zealand and with US.

Speaker 18 (49:24):
Hello Nick, Hello Heather.

Speaker 2 (49:26):
Okay, so what is it that you're worried about.

Speaker 18 (49:29):
Well, we're obviously worried about rates capping, limiting council's ability
to not only invest in new infrastructure, but maintain the
critical infrastructure that they've already got. And you know, this
is weakening councils at a time when we actually need
them to be stronger as a country because they do
maintain roads, they do maintain community facilities such as parks

(49:52):
and public buildings and public toilets and landfills, critical stuff
for us, right, critical stuff for us to for communities
their neighborhoods to enjoy, but also for our economy. And
you know, it just seems like double standards here, heither,
because the government owns a lot of public assets and
they're not subjecting themselves to the same level of scrutiny,

(50:13):
like putting a regulator in charge of you know, spending
their budgets on hospitals or schools or you know, all
of the other things that the governments run. Look, I'm
okay with a bit of stick, you know, but give
some carrot as well. And you know, we shouldn't weaken
local government without having a proper discussion about exactly what

(50:35):
it is we want.

Speaker 6 (50:36):
Them to do.

Speaker 18 (50:36):
And I thought, you know, we were very supportive of
last week's policy where they're talking about reviewing regional councils
that will force some algamations, good efficiencies. You know, nobody
thinks that local government's perfect and that it doesn't overspend
in places. But when you restrict its ability to collect rates,
which is the only form of revenue it's really got,

(51:01):
and it will restrict its ability to spend, it have
to make choices about whether it maintains or builds or
doesn't maintain or build infrastructure. I think we're in I
think it will have exactly the opposite impact of it
to the one that the government thinks it will.

Speaker 2 (51:14):
So the stick the carrots that you would like, would
it be in the form of alternative excuse me, alternative
revenue raising?

Speaker 18 (51:22):
Yeah, that's right, I mean a sort of revenue raising
that motivated councils to maintain their assets better to renew
you know, things like roads and other public assets better,
so things like.

Speaker 2 (51:36):
What things like GST sharing bed levees in parking costs exactly.

Speaker 18 (51:41):
And look we've been we've been in favor of that
bid charge for for you know, those hot sort of
visitor hot spots like Queenstown. That would actually give Queenstown
a really good leg up in terms of being able
to maintain the infrastructure it needs and build the infrastructure
it needs over the coming decade. But also, yeah, GST
sharing if an area grows, you know, councils at the

(52:05):
moment they bear the cost of that, and the new
water entities will be the cost of that government you know,
laughs all the way to the bank because it collects
greater GST and taxation from growth. Councils are less often
carrying carrying the baby without the support payment. So it's
just we just need a bit more of a balance here,

(52:25):
and you know, you think about you know, rates have
obviously added to inflation recently, but greater adding to inflation
have been energy prices. But of course the government are
in an ownership position there. They haven't done anything to
themselves because they enjoy the dividends and they enjoy the
additional GST. I just think that it's still a democratic

(52:46):
arm of government. It's got you know, it's valid in
many communities. And I think people and elected members should
be trusted to spend and make decisions and choices about
where they ended.

Speaker 2 (52:59):
No one trusts them anymore, But look, bless, I do
appreciate your point, Nick Lee get Chief Executive Infrastructure, New Zealand.
Joel is still inside the Ikea store and still texting me.
The latest update is that Jewel's children have just Joel's
children have just got a photo with a giant, walking
talking meatball at Ikea. And I want you to realize
what's going on here is Joel is walking around with

(53:20):
his children in Ikea, listening to news talk. Z'DB drive
Joel more up? Do just keep them coming? Why not?
Why don't we just get into it as well? Twenty
away from six the huddle with.

Speaker 1 (53:29):
New Zealand Southeby's International Realty, a name you can trust
locally and globally.

Speaker 2 (53:34):
I'm huddle with me this evening. We have Tris Sheherson
Shearson Willis pr and JOSEPHC. Garney, CEO of Child Found.
Hello you too, Hello, Trish? Do you love the rate caps.

Speaker 4 (53:42):
I do love the rate cat do.

Speaker 2 (53:46):
Are you not worried about all the things that Nick
just said, which is that they're going to stop spending
on the pipes and you I am, well, you're going
to get all the chip seal and none of the asphalt.

Speaker 4 (53:55):
Well, well, this is right. I mean, here's what I
love about it.

Speaker 14 (53:58):
I think that politically this is a really smart play
from national right now because through the cost of living crisis,
the outrageous increase in rates, the unlimited increasive rates has
been one of the problems not only for rate payers
but also in terms of our non tradable inflation in
New Zealand. That's one of the things that no one
has been able to control. So politically I think it's

(54:20):
smart and also it's risk free for a government because
if it doesn't go well, they just say, well, councils
couldn't live within their means. But the political, the longer
term political risk is that they cap the rates and
they haven't actually fixed the model. So we all know

(54:42):
there are fundamental problems with local government in New Zealand
all the way from the capability of those who are
standing for counsel and on council right through to how
infrastructure is being funded or not and their ability to
do long term play and all the levels. So again
for National I think this is a good political headline

(55:05):
right now. It takes them further than Labor with their
announcement on the weekend about you know GPS that will
come and go with with with people, but they will
have to demonstrate that there is a bigger strategy underneath
this because and I know Jose is going to come
onto this, but you know, people still need potholes, fixed,

(55:26):
pools open, all of them, the collected, collected, all of
that kind of stuff. And what's happened overseas is that
there has been these rate caps, a quiet erosion of
services often and then the other thing that councils have
done overseas that we'll have to watch, we'll hear, is
that councils then put in other kind of levees to

(55:47):
make up the difference.

Speaker 3 (55:48):
So you rat it down.

Speaker 20 (55:51):
So you just made a great argument, Trash for why
this is a really mind bogglingly stupid idea. So I
too want to get rid of incoup the bus stops
of grass on the top because it's daft and it
costs something like two million dollars or something. I want
to get rid of the zebra crossings, the pedestrian crossings
where there are no pedestrians. But this does nothing to

(56:12):
just like a next sent it doesn't do anything about
the efficiency of councils. It does nothing. All it does
is go right, you can't put rates up well right now,
we can, But Josie.

Speaker 2 (56:25):
Isn't this So if you've still got the Numpties around
the table, still spending money on crap they shouldn't spend
it on. Is it not better to have them spending
with less money than more money. So it's still an
improvement on the status quad.

Speaker 20 (56:36):
I've got a better idea though, just both the Numpties out, because.

Speaker 2 (56:40):
That's we look at it and we go, oh, look, as.

Speaker 20 (56:48):
You just said, Trisha, you're absolutely right that the government
will go. Well, that that swimming pool didn't get built,
those roads potholes didn't get fixed. It's the council's fault,
and the council will go. We did a long term plan.
We lest we wrote the long term plan. We can't
do it because I haven't got any money, so they'll go.
It's government's fault.

Speaker 15 (57:04):
Because you haven't given us any money to do that.

Speaker 20 (57:07):
And worse than that, worse than that, they will now say.
It's as if they're saying rates now are ideal, which
we know they're not right. We know that it's either
it's being spent on silly bus stops or it's not
enough money. But you know, if you're going to if
you're going to say that you have to keep rates
within two to four percent, then what's going to happen?

(57:28):
Exactly what next said you're not going to pay one hundred.

Speaker 2 (57:30):
Dollars to register your dog.

Speaker 20 (57:32):
You're going to pay one thousand dollars because all those
user charges.

Speaker 2 (57:35):
Don't have a dog.

Speaker 15 (57:37):
Okay, don't have a dog. But least do you want
a swimming pool?

Speaker 21 (57:39):
Do you know?

Speaker 1 (57:40):
So?

Speaker 15 (57:40):
I want the right just one more thing.

Speaker 20 (57:42):
I want the right to vote for an airport, an
upgraded airport in company, or I don't know, a new
swimming pool or a library. This is taking away my right.
You know, taxation, No taxation without representation works the other
way too. I want to vote for some things that
I want rates to be spent, so I'll vote for
the people.

Speaker 2 (58:01):
You don't get that chance.

Speaker 4 (58:02):
Well, here's the hope right.

Speaker 14 (58:04):
So your counsels, you've got quite a long glide path
here or a runway until this takes effect under the
legislation until twenty twenty nine. But the signaling from government
is that the councils will have to start looking now
at their expenditure, get smarter about that, get more efficient.
Have we got the right head count for a start?

Speaker 2 (58:24):
That would be a good place Wellington, good.

Speaker 4 (58:26):
Place to look like Wellington.

Speaker 14 (58:28):
They are also going to have to think about the
funding models for their capital expenditure. So are they are
they able to borrow for that? How is all that
going to work? That's the other thing. And overall, like
every household and business in New Zealand over the last
few years, they are going to have to think smarter
about how they cut their cloth.

Speaker 2 (58:48):
But if there are a whole bunch.

Speaker 20 (58:49):
Of numpties, there are a whole bunch of numpties'.

Speaker 15 (58:51):
That's what I'm out.

Speaker 14 (58:52):
Vote them out, don't say place, never going to give
you any with whom I think, with whom, with what
with what with whom?

Speaker 6 (59:01):
What?

Speaker 2 (59:02):
Thank you that? Thank you for that traush. I appreciate
you coming back as the grammar police, or I will
take a bright come back to these two and to
take fourteen away from six.

Speaker 1 (59:11):
The Huddle with New Zealand South Beast International Realty the
only truly global brand.

Speaker 2 (59:17):
All right, you're back with the huddle, Trisius and Joseph Ganney, Josie.
We haven't I haven't even broken this to anyone yet,
but Chippy has been voted the Politician of the Year
by Tim Murphy in Newsroom. That's mental, isn't it.

Speaker 20 (59:28):
You don't You don't get to have Politician of the
Year for keeping your job right. You've got to do
a bit more than that.

Speaker 2 (59:35):
He did manage to make Labor a potential real you know,
So he's risks in my opinion.

Speaker 20 (59:42):
In my experience of being in and around the Labor
Party is quite phenomenal. And he definitely deserves a trophy
of some sorts, which is that he's maintained stability after losing,
being the Prime minister who lost an election, he's managed
not to get eaten up by all the factions, which
incidentally are often not ideological.

Speaker 15 (59:59):
They just which David are you?

Speaker 20 (01:00:02):
So for that reason he definitely deserves he definitely deserves
a ribbon. But Politician of the Year I mean, if
I was awarding that, and I guess we're almost at
the end of the year where we can.

Speaker 15 (01:00:11):
Do that, you'd have to give it.

Speaker 20 (01:00:13):
To either Winston Peters or Shane Jones who had been cast.
Look at the expression on her face.

Speaker 2 (01:00:19):
No okay, hold, no, okay, stop there, stop, okay. What
do you think?

Speaker 14 (01:00:25):
I think in order to be the politician of the
year you have to have actually done something, thank you.
And the only thing that Chris Hopkins has done is
sit quietly while everything swirled around the National government. And
here's my prediction next year, I think that Labor might
come to rue the fact that they have sat so

(01:00:47):
quietly this year. They have banked on the polls going
up for them only because it was hugely grumpy against
National And if indeed the green shoots continue to grow,
particularly from early next year, those cracks that Labor hasn't
actually addressed, once those poll numbers start coming down, which
they inevitably will next year, that could be very, very damnaged.

Speaker 20 (01:01:13):
They will not be so trish that I know what
you mean, and I've been saying this to You've got
to be careful not to be Peter Dutton in Australia,
who was you know, opposition polling highly for two years
against Labor and Albanesi and then Trump comes along, Elbow
says something like, you know, f off Trump and everybody
loves Labor and they vote for them again.

Speaker 15 (01:01:31):
So suddenly from leading the polls, you're not.

Speaker 20 (01:01:34):
Yes, that's a rest, but I do I do give
them credit for at least rolling out of policy which
you guys hate, I know, but capital gains tax. That
give them some credit for rolling out something that's going
to piss people.

Speaker 3 (01:01:45):
Let you off.

Speaker 15 (01:01:45):
Yeah, and so that's not just that they're sitting back
doing nothing.

Speaker 2 (01:01:49):
It's slightly controversial, but I think that a Politician of
the Year should not be elected, should not be chosen
on you know, how good they are at actually doing politics,
which I realize is this is why it's gone visual,
but actually somebody who has done something good for the country.
And I think you can't go Stanford for that.

Speaker 4 (01:02:05):
I totally agree.

Speaker 14 (01:02:07):
We have forgotten in New Zealand in my view, that
these guys are there to be legislators.

Speaker 2 (01:02:12):
Yeah, we've got there so showed up in their silly game.

Speaker 14 (01:02:14):
Their job is actually to make the law and make
them make our lives. So that and on that basis
I would back Stanford as well. And actually, and here's
where she beats Chippy and Label when they were in government.
There are actually results to prove it, and gosh, that's
a breath of fresh air.

Speaker 15 (01:02:31):
Is an initial space of time.

Speaker 20 (01:02:33):
The reason I say someone like Shane or Winston, but Shane,
I think if you're looking at the if you think
that politicians and I do that their job is to persuade,
to take unpopular positions. Shane is treated as irrelevant half
the time by the press gallery. He's actually gone out
and gone you can hate it or love it, but
he's pushed an oil and gas reversal of the ban

(01:02:53):
in order to back regional development economic development. Now people
might not like it, and he's gone out and he
stood by it, and he said his wife.

Speaker 4 (01:03:00):
But he has no results.

Speaker 2 (01:03:01):
Well, yeah, I don't know.

Speaker 15 (01:03:03):
I don't know that he has no results.

Speaker 4 (01:03:04):
Well, well, can I just say.

Speaker 14 (01:03:06):
One other thing in terms of what has been sadly
ignored for so many years by politicians, education has been
absolutely ignored. And and more than that, for Stanford, this
is normally an incredibly hard portfolio for a national minister
and she is making huge waves.

Speaker 20 (01:03:24):
I have to say one last thing. The Labor Party conference,
I have to say looked. Razmatazi looked really good, and
I think one of the reasons is Chippy did really
well at that. One of the reasons is they had
very shallow depths of field so you can't actually see
all the mad Labor audience, which is the same of
any party, not just Labor, it's national, any party.

Speaker 2 (01:03:42):
Thank you so much for you Tube, Tricius and JOSEPHC.
GARNEI a huddle this evening seven away from six.

Speaker 1 (01:03:47):
It's the Heather Dupers Allen Drive Full Show podcast on
my hard radio powered by News Talks.

Speaker 2 (01:03:53):
It'd be either I hate to break it to you, ladies,
but the numpties aren't just elected, they're also employed and
they will be there regardless of who you vote for.
Unless you change employment law. They ain't going nowhere. Well,
I think we kind of hit on that a little
bit and it's sort of like, Yep, the rates cap
is cool, but now you have to actually reform things.
And actually, happily I can tell you the reform is
underway right because that's what got started with the councils

(01:04:16):
being the regional council's being abolished. It's because they're all
going to get amalgamated into big Auckland super city type things.
And then maybe we can go through and just be like,
you're rubbishit, your job fired, You're rubbishit, your job fired,
made redundant, made redundant, made redundant, Get some good ones
and here we go. Oxford University Press Word of the
Year rage bait not a word, a phrase, but regardless.

(01:04:38):
I mean, who am I to tell the Oxford University
Press what's the word and what's not? Rage bait? The
definition is the online content that is deliberately designed to
provoke anger or outrage by being frustrating, provocative, or offensive
to you. Now I can't, I honestly can't explain why
it's made a resurgence in twenty twenty five. Has actually
been around a very long time. Rage bait is a

(01:05:00):
word that's been used since about two thousand and two.
It's tripled. The use has tripled in the past year.
So I feel like, maybe maybe I don't know, is
someone deliberately rage baiting you or are you just feeling
the rage and therefore you feel you're being baited? Anyway,
a couple of other ones that we're in the running
for Word of the Year again. Two words or a farming,

(01:05:24):
which is when you curate an impressive, attractive or charismatic
online persona, so you pick the best version of yourself
and you put that on. That's aura farming. And then
biohack is the pursuit of optimizing your body and mind.
That's basically what Osking does every day. You know when
he stands like for two minutes, brushes his teeth, then
has a cold shower, then has a spar and then
drinks like I don't know, urine or something. That's biohacking.

(01:05:45):
Nikola Willis's next.

Speaker 1 (01:05:48):
Keeping track of where the money is flowing of the
business hour with hand the duplicyle and mass motor vehicle insurance, your.

Speaker 3 (01:05:56):
Futures in good hands ustorg zvy.

Speaker 2 (01:06:00):
Even and coming up in the next hour, it's day
one in the job with a new reserve bank Dove,
what do the capital markets expect from her? Shane Solely
will explain shortly, we have a warning that we're running
out of retirement village space, and we'll do so shortly
that after half past six, and then Gavin Gray does
the UK for US at seven pass six and Nikola
will as the finance ministers with US Hi Nicola, hi, Ever,
how are you feeling about the banks after they failed

(01:06:22):
to cut the fixed rates post ocr.

Speaker 21 (01:06:25):
Well, my message to the banks is always the same,
which is pass on as much as you possibly can
because it's good for the economy and when the economy
does well, we all do well in your citizens in
this economy and you should be doing your utmost to
support it.

Speaker 2 (01:06:40):
Is this a bank's problem or is this the Reserve
Bank completely stuffing up their comms last week?

Speaker 21 (01:06:46):
Well, I think that the banks always have a choice
about how much they pass on.

Speaker 7 (01:06:50):
Now.

Speaker 21 (01:06:50):
It is the case that markets pricing some of these
changes ahead of time, and that was certainly the case
ahead of last week's announcement that the markets had already
priced in them there would be a reduction, and many
banks had already taken that into account. But it is
also the case that there is a gap, often a
lag between what the wholesale rates are doing and then

(01:07:11):
what commercial banks are passing on a mortgage levels. I'd
like to see them do it faster and harder.

Speaker 2 (01:07:17):
For example, Meghan has been texting for days now because
she's with A and Z and A and z's floating
range raiders coming down. A and z's not dropping its
floating ratesill wednesday. Is that acceptable to you?

Speaker 21 (01:07:28):
Well, they could do it sooner, couldn't they? And what
we typically see is there is this lag between the
wholesale rates coming down and the bank's getting around to
pass it on to their mortgage holders. And I'd love
to see them pass it on faster.

Speaker 2 (01:07:40):
Okay. Now, have you done everything that you plan to
do when it came to the banks or is there
have you got some more things up you sleeve?

Speaker 21 (01:07:46):
Well, we are progressing a number of recommendations from the
Commerce Commission inquiry and now following up on the FEC inquiry.
So that's an ongoing work program. Yeah, but you no,
not necessarily, because there's a number of actions there which
require ongoing monitoring and ongoing activity.

Speaker 2 (01:08:06):
Okay, because I mean, how has this changed from the
cozy pillow five? Feels like a cozy pillow fight.

Speaker 21 (01:08:12):
Well, remember, some of the things that we're doing haven't
come to fruition yet. So for example, keep We Bank.
We are still looking to raise capital for kee Weibank
so it can grow bigger and faster in the future.
And we are still doing things like changing who can
excess the word bank, making sure that a lower deposit
is required in order to set up a new bank,

(01:08:33):
using some of the regulations which have prevented competitive banking
banks from entering the market. So some of those things
are yet to happen, but the work is underway to
achange it.

Speaker 2 (01:08:42):
The reason I'm asking Nikola is because I mean, it's
been reasonably disappointing what's happened in that since the last
OCR hike, the one last week. But I'm just thinking
that this is it, right, this is our lot, this
is what we need to accept. We need to basically
go hard with the banks ourselves. You're not coming to
save us, No one's coming to save us.

Speaker 21 (01:08:58):
Well, what I've been really pleased to see is that
your friend Mike Hoskin has come around to a point
of view I've had for some time, which is actually
the banks in New Zealand are very profitable and don't
seem to be passing as much as Okay, Well, he
has said that he thinks they may have a point here,

(01:09:19):
and my point straight back at the banks is actually
you need to maintain social license, and you haven't done
a very good job of convincing New Zealanders that you're
doing your utmost to pass on rate reductions, to ensure
that you're being competitive, to compete for customers, offer them
good rates and lend into this economy, particularly to small
businesses and others who rely on that cash flow to grow.

Speaker 2 (01:09:41):
Are you being serious about possibly repealing the Regulatory Standards Act?

Speaker 21 (01:09:47):
Well, yes, I'm serious. That National has not yet got
our position going into the campaign, and we will be
monitoring how that act works in practice carefully as you'd
expect that we should.

Speaker 2 (01:09:57):
This is outrageous flirting with isn't it.

Speaker 21 (01:10:01):
No, it's not. It's simply saying, let's see how it works.
We don't we shouldn't have a closed mind on it
and just say no matter what the evidence is, will
just say it's perfect, and we'll maintain a position that
it needs to be maintained. Let's see how it works
in practice, let's keep an open mind. If it does
work well and reaches all of the government's aspirations for it,
then great tiketyboo, big tick will continue. But if actually

(01:10:25):
it doesn't deliver those outcomes, then the National Caucus may
want to take a position that that's not a regime.
We want to get the name.

Speaker 2 (01:10:32):
Are the piece of legislation that you've passed in the
last two years that you're considering repelling.

Speaker 21 (01:10:39):
Well, that's the one that's top of mind, and there
may be others.

Speaker 2 (01:10:43):
The flirting with that, Hey, so what do you reckon?
Because you will have seen what Penny Henade said about
how he's been having chats with winnipe on the side.

Speaker 21 (01:10:51):
Yeah, ah, yeah, I saw that.

Speaker 2 (01:10:54):
I was so are you prepared, like, are you bracing
yourself for the fact that Winston's going to play two
of you off against each other as in Labor v
National after the next selection.

Speaker 21 (01:11:04):
Look, I just focus on what National can do to
put forward the best proposals to the New Zealand public
so we can win their votes. My position is always
the same. A vote for National is a much more
effective vote than a vote for New Zealand. First, always
has been, always will.

Speaker 2 (01:11:19):
Be do you fly on a Monday?

Speaker 21 (01:11:22):
I have done from time to time. I didn't this Monday.

Speaker 2 (01:11:25):
Are you flying next Monday when the Air New Zealand
cabin strike is on?

Speaker 21 (01:11:30):
No, because that's a Cabinet day.

Speaker 2 (01:11:31):
Oh thank god, lucky you. How are you feeling about
Air New Zealand at the moment as the shareholding minister.

Speaker 21 (01:11:38):
Well, I think, like most New Zealanders, I want to
see them improving their performance wherever they can. And for me,
there's three kind of things they need to balance. On
the one hand, they need to make sure that they're
offering affordable flights to New Zealanders so they can see
their friends and family and enjoy this country. Two, they
need to be making sure they're getting a return on

(01:12:00):
capital that taxpayers have a big share of and so
they're driving profitability and productivity. And three they need to
be really good corporate citizens and support our economy to grow.
And there's no secret they have struggled in recent years
when it comes to their commercial performance.

Speaker 2 (01:12:18):
Yeah, not loving them at the moment. Now, what do
you think of Roger Gray and him saying that we're
called now Zealand.

Speaker 21 (01:12:25):
Well, I think he's onto something. If you look across
many of the issues that have held our country back,
it has been giving too many people veto power to
say no to sensible things, whether that's Eden Park concerts,
whether that's consens for New housing, whether that's permission to
start a new mind. Those are the things that actually

(01:12:46):
drive an economy forward and create wealth, and New Zealand
needs to get much better at saying yes to them.
It's even stuff like the people who moan about tourists
coming to New Zealand. Well, guess what those tourists bring passion,
They create jobs, create income. So we need to say
yes more often.

Speaker 2 (01:13:02):
So love it.

Speaker 21 (01:13:03):
I like what you get to say brilliant.

Speaker 2 (01:13:04):
Hey, thank you, Nicol, I appreciate it. Nichola willis Finance minister. Hey,
this is gonna rip the undies of Simon Watts. Auckland
has just announced this is Aukland Mayor Wayne Brown has
just announced that Auckland households will face a seven point
nine percent rates rise next year, which is yes, double
what Simon wants them to do. So I was like, Oh,
everyone's gonna get the message that it's fo and they're
gonna stop at four fors the cap foros the cap.

(01:13:26):
They'll know we're sending the message no seven point nine
percent next year, primarily to fund the operating costs for
the City rail Link when it opens for passengers. The
increase will cover the two hundred and thirty five million
dollars annual cost of operating it. There you go, that
message didn't work. That's the same day, within an hour
or two way. Four o'clock then announced the rates cap.

(01:13:47):
Six o'clock. Wayne comes out and he's like, and we'll
double that quarter past.

Speaker 1 (01:13:51):
It's the Heather Duper see All and Drive Full show
podcast on my Heart Radio, empowered by news dog Zeppi.
Approaching the numbers and getting the results. Heather Duples c
Allen on the Business Hour with MAS Motor Vehicle Insurance,
Your futures in good hands, News Talks that'd be hither.

Speaker 2 (01:14:11):
Sometimes they refer to it as no zealand sometimes they
refer to it as notes here at all. Eighteen past
six Shane solely harbor Asset Management is with us Allo Shane. Hello,
all right, so it's day one in the job for
the new Reserve Bank governor. What are the capital markets
expecting from her?

Speaker 3 (01:14:26):
Yeah?

Speaker 22 (01:14:27):
So Sweden's and a Bremen she begins their five year
term as governor. She takes over from Christian hawksby acting governor.
He did a really solid job of bringing back the
boring to Reserve Bank Governor Breman she's known as a dove.
That means she's small pro jobs and growth, and certainly
I think that we're going to remember that the Monastry

(01:14:47):
Policy Committee actually is responsible for making policy settings in
news own and they're all about priced to biody and well,
after cutting official rates by threatening twenty five based points
or three point two five percent, miss is really inheriting
a much more said all the kind of outlook. So
I think her job is really not necessarily about came

(01:15:08):
the official cash rate. That's probably not top a list
of things to do. It's probably going to be about
bank regulation that's probably on the top of their intro,
and a little bit of you rebuilding the institution of
this reserve bank. So yeah, capital markets are going to
be looking to see just her influence on the focus
on jobs and better activity and how that flows through
the Manship Policy Committee is a bit of a different tone.

Speaker 2 (01:15:31):
Yeah, helped welcome as well. What did you think of
the building permit stats that were better than expected in October?
You take some heart from them?

Speaker 22 (01:15:38):
Yeah, the market did. We certainly did the October twenty
twenty five than consents for new buildings. They were better
than expected. That activity is up ten percent on a
floor area basis. So that's how big the residential activity is.
That's the key driver. Non residential is down. We saw
a bigger increase in residential consense that many people expected.

(01:15:59):
It actually up twenty four percent year on year, driven
by a single family consent. So it's been a missing
part of the economy. It's very early days here that
we've got a long way to go, but it is
certainly shown and we're seeing may see the bottom. It's
a good turnaround non residential that can be quite lumpy,
So yeah, we're going to keep an eye on that,
but it is a bit weaker. One other thing today here,

(01:16:19):
there was a survey from ASB It's show It's surveys
consumers about the best time to buy things, and currently
it's the best time to buy a house in fifteen
years according to the ASP survey. So we did see
Fletchery building for example, the ship rice up two point
four percent to three dollars forty three. Market likes the
better data.

Speaker 2 (01:16:39):
That sounds fantastic. All right, what you take do you
reckon the FED cuts this month or not?

Speaker 22 (01:16:44):
Look, it's really very messy. Markets are jumping around a
lot on whether the US hit A reserve cuts rates
in December. So on the tenth of December, it's where due.
The market's expecting zero point two one percent twenty one
days points of cuts to three point sixty seven, and
then it's expecting the rates go right down to three
percent in October twenty six, So the market will be
disappointed if the fear doesn't cut. We've got a real

(01:17:06):
data vacuum, of course, with the US government EUA of
Stats being closed for that sort of while we get
a whole lot of data this week, there's some Institute
of Supply Management lead indicators and activity. We've got jobless claims.
On Thursday, we've got and then Friday we've got what's
called the core PC price index, and that's the one
that the feed really focuses on. So if we get

(01:17:28):
us initial jobless claims being worse by more jobless claims,
that's more fuel for the FEAD to cut. If that
price inflation comes in lower, and that's more fuel to cut.
So there's quite a few stepping stones this week that'll
give us indications. So we'll see a bit of volatility
later this week on whether the FED cuts or not.

Speaker 2 (01:17:49):
Good stuff Hey, thank you very much. Shane, appreciate it,
Shane Solly Harbor Asset Management. Apparently God is okay with
you wearing hideous Christmas jerseys. The Dean of Salisbury, but
clearly hasn't had any work to do so, has written
a guide to the festive season and has told people
that they should wear the ugliest jerseys they possibly can,
basically because they should find joy in their ugly jerseys

(01:18:10):
because God, he says, is tasteless. God has no taste.
God does not discriminate, God does not exclude, So wear
that jumper with pride. So there you go. Six twenty two.
The Warehouse is bringing the joy of Christmas to New
Zealand families this weekend. And honestly this is going to
slay pun intended. Santa's coming to the Warehouse and we're
talking the real Dell Here. You're gonna meet Santa, you're

(01:18:31):
gonna get your free photos, and you're gonna get them
completely free. There is no booking required. It's first and
first serve though, so do not leave this till the
last minute. And here's what makes this so special. Completely
free Santa photos, no appointments, no sitting fees, no hassle,
just pure Christmas joy and magic for the children. Your
little ones are gonna love it. Those special moments with

(01:18:52):
Santa capture forever, all thanks to the Warehouse bringing that
Christmas spirit to life. So what you want to do
is grab your family, pick whichever store is closest he
get on down for some festive fun free did I
say free Santa photos, first and first served. Whatever you
enter this Christmas, you're going to find it at the Warehouse,
including magical memories with the Big Man himself.

Speaker 1 (01:19:11):
Whether it's Macro micro or just plain economics. It's all
on the Business Hour with Heather Duper Clan and Mass
Motor Vehicle Insurance.

Speaker 3 (01:19:20):
Your future is in good hands. News Talks that'd be
T five.

Speaker 2 (01:19:24):
You've got another IKA headline because the IKA headlines are
not stopping. Another KA headline for you. What to expect?
This is Radio New Zealand's iteration what to expect when
Ikia finally opens in New Zealand. Went straight in the
bin just then, because I think we know what we're
going to expect, or we know what to expect, don't we.
You're going to go to a shop and you're gonna

(01:19:45):
buy some shit that's what generally happens when a store
opens in this country. Six twenty six.

Speaker 3 (01:19:50):
There's no business like show business.

Speaker 2 (01:19:53):
The music plan Because you know there was a new
Zootopia movie which is coming out. Well, if you didn't,
you might be one of the only people on earth,
because it came out this past weekend and it has
gone gangbusters at the box office, and it seems to
be just because the movie is actually really good.

Speaker 23 (01:20:09):
Welcome to Partners and Crisis. I am your therapy animal,
doctor Fuzzby, and we have two new partners. Can you
tell us about your journey to dysfunctioning junction.

Speaker 21 (01:20:21):
Well, we've been official partners for one week.

Speaker 23 (01:20:26):
Notice how she answered first, did not allow her partner
to be and perhaps her foot when she's surprising discomfort
and observe the source of her discomfort represented by the
disconnected affectation of her emotionally insecure partner.

Speaker 2 (01:20:39):
Yes, sounds quite good, doesn't it. In its first five days,
the film has made five hundred and fifty million US
dollars worldwide. That is, I mean, you know, about close
to a billion New Zealand dollars. That makes it not
only the highest grossing debut of the year, but the
fourth largest movie opening of all time. So if you
thought that the movies were dead, you'd be wrong. It

(01:21:00):
is out in New Zealand cinema, so take the kids
and make a day of it, because you're probably gonna
enjoy it as well.

Speaker 5 (01:21:05):
Now you can go shop at our here afterwards.

Speaker 2 (01:21:11):
And I don't know what to expect when you go
to AA, so you probably need to read that article.

Speaker 18 (01:21:15):
Guys.

Speaker 2 (01:21:16):
Anyways, I tell you what we should expect though, is
by the time we're all ancient, we're not gonna have
retirement village space. So we'll deal with that. Next. News
Talks ZBA.

Speaker 1 (01:21:29):
Everything from SMEs to the big corporates, the Business Hour
with Head, the Duper c Allen and Mass Motor Vehicle Insurance.
Your future is in good hands. News Talks EDB.

Speaker 3 (01:21:42):
That is coming.

Speaker 2 (01:21:46):
It's not Gavin Gray standing by. I don't if you've
been following the news over the weekend, but jeez, Rachel
Reeves has been accused of lying and stars caught up
in it. This is read the budget's complete debarkle over this.
We'll get across that with Gavin, and we're speaking of
payouts before Andrew Costa, what about this one. The former
chief executive of FARMAC. What was her name again, Beattie
Sarah Fit Sarah Fitzee, how like that one minute gone,

(01:22:09):
already forgotten her name. Sarah Fit got three hundred and
seventy five thousand dollars after she quit. Now I don't
quite understand why, because she resigned, and I thought generally
when you resign, like if you go, okay, I'm quitting,
all you really need, all you're going to get from
your business is that the employer is presumably your four
weeks notice. Maybe if you've got a sort of restraint

(01:22:30):
of trade, you might get paid out for that, But
even that, generally you don't get paid out for maybe
some sick leave and some holiday leave that's owing to
your I mean, Jesus, she never stopped working. If she's
got three hundred and seventy five thousand dollars worth of
holiday leave owing to his I'm suspecting it's not that.
So I'd love to know. I'd love to know why
the taxpayers had to give a cool four hundred grand

(01:22:50):
to Sarah Fit so she could go because she wanted
to go, because she quit twenty four away from seven.

Speaker 3 (01:22:56):
Together do for sew So add this to.

Speaker 2 (01:22:58):
The list of problems facing the country right now. We're
running out of space at retirement villages. According to JLL,
demand for retirement village units is growing much faster than
new ones being built, So we're going to be about
eleven thousand units short by twenty thirty three, which is
within the decade. Chris Dibble is jll's head of Research
and strategic Consulting. Hi, Chris, Hi, why aren't we building
enough units?

Speaker 9 (01:23:19):
Yeah?

Speaker 24 (01:23:19):
It's an interesting one, isn't it. I mean, at the moment, obviously,
as we all know, this sort of an aging population,
and we see basically our seventy five to eighty four
year olds increasing from twenty twenty three to twenty forty
three by about seventy eight percent or whatever. I'm about
five hundred thousand odd people there. And then also in
the older age group eighty five plus years, that's sort

(01:23:39):
of going to increase up to two hundred and twenty
seven thousand people. And so from that perspective, this is
going to be a lot more older people that we
need to house. So from that perspective, when we start
looking at how many units there are, the estimated number
of people in those units in that population number. Yeah, unfortunately,
come to a bit of a short form.

Speaker 2 (01:23:57):
But the thing is, Christmas is not new, right, We've
been talking about this for a while, So you would
imagine that if the market was working properly the demand,
you'd simply get enough supply to meet the demand. Why
is that not happening?

Speaker 24 (01:24:08):
Yeah, it's an interesting one, isn't it. I mean, ultimately,
one of the key components of the sector is the
ability to sell your house if you're an older a
person looking to get into an attirement village, so that
you can pay for your unit. And at the moment,
as we know, the residential market has slowed and that's
just having cascading effects into the sector. And so we've
actually seen that also occur through from the operators where

(01:24:29):
by their slowed their development activity as well. So we're
in a bit of a funny situation at the moment.
Why it's just not working on both sides of the coin.

Speaker 2 (01:24:39):
So what's going to happen? Do you think if we
get this, we've finally reached this number who actually yep,
twenty thirty three need to get into these retirement villages,
and there isn't space.

Speaker 24 (01:24:47):
What happens, Yeah, I guess a couple of things, And unfortunately,
one might be that prices increase, something that I guess
we're not necessarily looking forward to. There might also be
other I guess that might affect that ratio. Maybe we
won't necessarily have as many people in retirement, religious a
lot of demographic shifts and changes occurring in regards to

(01:25:10):
more people in similar households. And then also technology might
play a factor as well in regards to aging in
place we have more technology to a system, So that
might be one side of a coin where the demand
might come back a little bit. But just given where
those population projections are going, and as you say, we've
been looking at this for a very long period of time, Yeah,

(01:25:31):
it does look like it'll be a bit of a
crux in a decade or so.

Speaker 2 (01:25:34):
Yeah, I mean, so potentially, what could happen as we
end up with a multi with old school ways of
doing that multi generational households again.

Speaker 24 (01:25:41):
Yeah, Look, I think one of the key components really
of the sector is that it's probably going to take
a whole raft of different things to help the sector
basically make its way into a better territory Yeah.

Speaker 2 (01:25:54):
Now, do you think that there is a place for
the government. I hate going to politicians to fix things,
but if the market's not working, is there a place
for the government to step in here and do something.

Speaker 24 (01:26:04):
I think there's always a natural balance between what the
market can do, so I think ultimately what will happen
is that will get a pretty good response from the sector,
enabling people to enjoy their retirement, hopefully in safe and
community engaging locations.

Speaker 2 (01:26:21):
Christ Lissen, thanks very much for talking us through at Crystable,
jrl's head of Research and strategic consulting twenty away from
seven Together. Sounds like there is some upset at Netball
New Zealand. There's a bit of a plan brewing apparently
to get rid of the Netball New Zealand leadership piece
has just dropped on the Herald outlining how it's all

(01:26:42):
unfolding now. What needs to happen is basically they have
to lodge a vote of no confidence, and in order
to lodge a vote of no confidence they have to
have a special general meeting. And in order to get
a special general meeting, three of the five Netball New
Zealand zones, the Netball zones in the country have to
vote for a special general meeting. So let me run
you through that again. First you get three zones that

(01:27:04):
call for a special general meeting, and then they have
the special General meeting and then they lodge a vote
of no confidence. Now, so far only one zone has
gone public with wanting to do this. It's the White
Cuttle Bay of Plenty zone. And in order to get
this process under it, I mean, this sounds really bureaucratic,
but they have to They have to have their own
meeting in order to confirm that they want to call
a special general meeting to have a voter and you

(01:27:25):
can see, but the process has started. So one has
come out with the fact that they want to do
the thing they reckon. There is another zone that's quietly
waiting to see how this all unfolds. And if they
get sufficient support or whatever whatever I don't really know,
then they will come out in public as well, and
presumably that they'll get the ball rolling, and that's what
they're hoping, and then they'll get rid of Jenny Wiley
and so on. They want to get rid of Jenny
Wiley and they want to get rid of the Neatport,

(01:27:47):
New Zealand board because they don't have the confidence that
the board and the chief executive can lead the sport
forward with sufficient strategic vision. And the three things that
they are concerned about is number one, the A and
Z Premiership, which I think we all know is complete
bollocks at the moment, right, It's rubbish. I mean like
the caliber of our players is dropping off because the

(01:28:08):
caliber of our competition is rubbish and there doesn't seem
to be any reasonable planning around this and so on. Anyway,
second thing they seem to be concerned about is the
one year television broadcast deal with TV and Z, which
was confirmed very late in the piece and importantly is
only for one deal and for one year and is
being funded by Netball New Zealand itself, which is complete
are you know the wrong way around? Normally you get

(01:28:30):
paid to put things on Telly. You don't pay to
put it on Telly. And then the final thing is
the obvious thing, right, it's the standing down of Dame
Noline Toduer and the process of the way that that
was handled through the media. So yeah, it's all, well,
it's starting. I wouldn't I wouldn't go quite as far
as saying it's all on. It is certainly starting. There
is a report that reckons that if you've got your

(01:28:51):
money in arms producers, you'll be pretty happy with yourself
because the top global arms produces revenues have surged and
the reason they've searched. I mean, you know, if you
follow geopolitics, you'll have picked this up. You would have
thought it would have been good to have money in
arms and arms dealers right now, because of course the
war in Ukraine, the war in Gaza, but much more
importantly and much more long term countries like ourselves arming

(01:29:13):
up right, we're lifting our spending in GDP. What is
it like one percent? I think we're aiming for said
four or did I make that number up? But maybe two? Lord,
it's US, probably only two countries in NATO obviously aiming
for five percent, So everybody's buying all the weapons and
stuff like that. Revenues from the sales of weapons and
military services by the one hundred largest global arms producing
companies reached a record six hundred and seventy nine billion

(01:29:36):
US dollars last year. The top three in the US
Lockheed Martin, Northrop Gumman, and General Dynamics all up by
combined three point eight percent. So as I say, if
you've got one of those key WE saver accounts where
you say don't put the money in bad things like
fossil fuels and guns, you might want to reconsider that.
Seventeen away from seven.

Speaker 1 (01:29:56):
Ever's to do with money? It matters to you. The
Business Hour with Heather Duper c Allen and Mayre's Motor
Vehicle Insurance, your futures in good heads US talk ZB.

Speaker 2 (01:30:10):
Hither it's two point five percent of GDP. That's the
commitment for the NZD. If you, of course, four percent
was wildly I was wildly overblowing, that wasn't I? Fourteen
away from seven Gaven Gray, UK correspondence with US, Hello, Gevin,
either have Oh how much trouble is your chancellor in?

Speaker 3 (01:30:26):
Well?

Speaker 25 (01:30:26):
Pretty deep? Actually, it's been dominating the domestic agenda for
news here this weekend. And what's basically happened is people
are looking back at the budget released last week. In
other words, the Economy Minister, the Chancellor Rachel Reeves outlining
the tax intake and the tax how it's going to
be spent as well and the shape of the government. Well,

(01:30:48):
basically the Prime Minister is going to have to come
out today after many people are claiming that she lied
and should be sacked. Now the Prime Minister's coming out
to defend her and to defend the budget today as
would expect. But there's a lot of stake here because
he's trying to really put a bit of clear water
between some of the background noise that's about his own

(01:31:09):
position in power, and he's not going to want the
distractions of somebody else also being questioned about their position
as well. Now, what basically happened is many people accuse
the budget or summed it up by saying this is
taxing those that are working to pay for those that
are on benefits. No, no, no, The government said, we're
doing this, We're doing that, We're driving down the deficit.

(01:31:31):
We're also aiming to cut the amount of money that
we have to spend to service our debt as a country. However,
it's now been revealed that while the background of the
budget was said by the Chancellor to have dire predictions
of the economy, it's not really doing very well. This
is bad, that's bad. It's now been revealed she omitted

(01:31:51):
to mention an official document which actually showed the public
finances were in much better shape than widely thought, and
also omitted to mention a forecast of higher wages. And
the reason that's important is because she's frozen the tax threshold,
so his wages get higher, many people start paying tax
that haven't paid tax before or fall into a higher

(01:32:12):
tax bracket, and so consequently she's had to defend herself.
Others are saying there must be an inquiry about this,
someone that reported to the authorities over was she lying
and if so, she should be sacked. And I'm afraid
it's a pretty sticky situation for the government and if
they were hoping this budget would give them some good news,
it hasn't proven to be the case.

Speaker 2 (01:32:32):
But I mean, Starmer coming out and defending her is
kind of a given, isn't it, Because he apparently signed
off on this, So he's am I right in thinking
that he's donkey deep in this.

Speaker 25 (01:32:42):
Yes, And that was something that came out of the
weekend interviews that Rachel Reeves did because of course very
early here Monday morning. But the papers are full of
the fact that she kind of drew him in by saying, well,
the Prime Minister signed off on it, or which kind
of then plunged his face into the dirt as well.
But I think many people think, no, she is the

(01:33:02):
one in charge of this. Yes, he signed it off,
but she's the one getting these constant updates on data
on the economy and so forth, and that's why these
decisions do seem out of step with that data.

Speaker 2 (01:33:12):
Gevin, how many of these bloody snails do dynk ah?

Speaker 25 (01:33:17):
Quite a lot, now, believe it or a lot. It
is a tradition in France that everyone has snails in
the build up to Christmas, or indeed on Christmas date itself.
They are of course a huge delicacy in the country,
but thieves have taken off with an estimated one hundred
and seventy five thousand New Zealand dollars worth of snails.
I mean we're talking many thousands. It's at a farm

(01:33:39):
that supplies gourmet restaurants Lesca Good Deer Raim and it's
been robbed of its entire stock of fresh and frozen snails.
Bosses are calling it a real blow ahead of the
holiday season. Thieves broke into the farm overnight, cutting a
boarder fence, breaking into the buildings, but a complaint was
only filed with police a few days ago, and that's

(01:34:00):
obviously of interest. Offices are now on the trail. The
farm is trying to restock to meet the end of
year demand for customers, and police are now seeking some
pretty slimy thieves.

Speaker 2 (01:34:10):
Yeah, well, good from you. I like that little pun.
Gavin Gavin Gray, our UK Correspondent'll talk to you in
a couple of days. There's a piece on the Guardian
at the moment that is raving about how well our
gaming sector is doing. Check this out. I didn't realize
it was this, but it's big. So total revenue for
local game developer studios has gone up every single year
since twenty eighteen. From last year to this year, it's

(01:34:33):
shot up by thirty eight percent. Thirty eight percent. That
is enormous, right, It's now sitting at the value of
seven hundred and fifty nine million New Zealand dollars. That
is now almost double what the Aussies did last year.
So that shows you, I mean compara it like, that's big,
but if you take into account our relative populations, that's

(01:34:53):
really big. And you know, the article's gone through a
whole bunch of the successes. Path of Exile, which has
made by grinding Gear Games, which has got an enormous
amount of revenue. I think in the space of around
about a year it's one hundred and five million dollars.
Then there's the business Pickpock, which we've heard a lot about.
They've made the popular into the Dead series. And then
a cluster Duck, which is a mobile hat that's got

(01:35:14):
more than five hundred million worldwide downloads across all of
the titles. Credit where credit is due. We can shoot
a lot of this back to the Jacindadu in government,
because apparently what they did was they set up an
outfit called Code and Code. This was in twenty eighteen.
It was set up for I think Dunedin and then
it was rolled out nationally thereafter, and it basically is
like a support service for the sector. So it administers

(01:35:35):
funding to the developers and it educates them on best
practice within the global industry and teaches them how to
talk to journalists and influences, how to budget, how to
port to consoles, and then it basically the ideas wins
them off to become more independent. So if you're ever
scratching around and you're like jeez, I can't think of
a single thing. Just Cinda did that was good? That
may be it eight away from seven it's the heather Top.

Speaker 1 (01:35:57):
See allan Drive full show podcast on radio powered by
newstalg zebby.

Speaker 2 (01:36:03):
Hither Are you kidding me? Auckland rates are up seven
plus percent in the big costs to run the curl. Yep,
that's what happened. That is what happened today. Now shout
out to Tim Murkins. Tim Murkins is the hero of
the day. This is because of parking. You know how
we feel we all hate the parking and Tim thult Baggert,
I'm going to take on the parking guys and Tim.
Tim took on the guys and Tim one. Tim took

(01:36:26):
on in particular secure parking. What happened is that for Tim,
for years, Tim has been paying for his parking on
his app. He's been doing it diligently. He's a good boy.
And every time he parks it's fourteen dollars. He pays
his fourteen dollars on his app and then he uses
the car park. And where he's parking is presumably near
his work. He's an architect near his work just off
K Road, and so he parks it maybe three times

(01:36:48):
a week or something like that. Anyway, Then about three
weeks ago, he gets hit by a seventy dollar fine
and then for not paying for his parking. But he's diligent.
He's paid for his parking, so we can't understand it.
And it happens two days in a row. And what
had happened was his phone was stolen, so he got
a new phone, and he downloaded his apps from iCloud.
And when he downloaded his apps, his app is Secure

(01:37:08):
Parking app reset to use his old car registration, not
his new car registration. He didn't notice, and he kept
on paying for his parking diligently, but he wasn't paying
for his new car's parking, so they pinged him. But
because it's an obvious mistake, right and in Secure Parking
didn't lose any money because Tim's paying and Tim's car
is there even though it's the wrong regio. Because it's

(01:37:29):
a silly, obvious mistake, They're going to let it go,
aren't they. There's no loss, No he reckons. They told
him that he needed to learn a lesson, so they
wanted to teach Tim a lesson in putting in the
right numbers and letters. She's how patronizing. Anyway, he wasn't
going to take it. So Tim did the next best thing,
and he went to the media. And what a surprise.
The minute that the media got in contact with Secure Parking,

(01:37:51):
they withdrew both breach notices.

Speaker 5 (01:37:55):
It's Last Christmas by Wham to play us out tonight.
Oh first, it's the first of December. Welcome to Christmas music.
On news talks it'd be drive all the way up
to December twenty fourth. And of course, if you're playing
the survival game, whare m again? Where you try again
all the way through December without hearing Last Christmas? If
by Wham you have failed, you have not even made
it twenty four hours. Oh what a shame. Goodness, snake biager, jeez.

Speaker 2 (01:38:18):
Just coming out, just coming out hot and okay, so
can you just start? Can we? Can you do me
the solid though, not that you're obviously in the mood
to do anyone as solid by the looks of things,
But just play take the season here, just play the
bangers and in the like, just go hard.

Speaker 5 (01:38:34):
I'm not taking Snoopy's Christmas out of the rotate hither.
I'm sorry. I know you you're a fan.

Speaker 2 (01:38:39):
I was gonna mention it.

Speaker 5 (01:38:40):
Well, every time, every time we've put it to the text,
they've always said, no, we wanted like the people of
New Zealand mostly like that. So don't worry. It won't
be the only one. This won't be the only one.
There'll be lots of other ones.

Speaker 2 (01:38:50):
You know which is the best one? The way is
Mariah Carey?

Speaker 5 (01:38:53):
Yeah, well that's that's in there. That's a room.

Speaker 21 (01:38:55):
Yeah.

Speaker 2 (01:38:56):
Okay, if you play Snoopy's Christmas, I just take my
headphones off. I just walk out. I just walk out
and go.

Speaker 5 (01:39:02):
So you're using threats now, okay, and I'm the one
who's not celebrating Christmas.

Speaker 2 (01:39:05):
Product See you tomorrow

Speaker 1 (01:39:16):
For more from Hither Duplessy Allen Drive, listen live to
news Talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio.

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

Las Culturistas with Matt Rogers and Bowen Yang

Crime Junkie

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 01 December 2025

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

Las Culturistas with Matt Rogers and Bowen Yang

Crime Junkie

All Episodes

Full Show Podcast: 01 December 2025

Stuff You Should Know