Full Show Podcast: 04 February 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Digging through the spin spins to find the real story.
Or it's Ryan Bridge on heather duperic Ellen Drive with
one New Zealand. Let's get connected and news talks'd be good.

Speaker 2 (00:14):
Afternoon, seven after four coming up today, caring a Auder chair,
Simon Muta, why do they own two hundred homes worth
two million dollars plus? A tax expert on cutting the
corporate rate from twenty eight percent? Wellington City r VSA out.
I'll tell you about those Murrayol's in Australia and we're
in London for the Reform Party revolution. Ryan Bridge Finally

(00:35):
sounds like Caynga Order might be heading in a better direction,
not necessarily the right one, but at least a better one.
Today Chris Bishop Ko's Bob the Builder is telling them
to sell a bunch of old, drafty, damp houses and
build some new ones. Good about time. The other direction
fixed the terrible state of the stuff that we've got

(00:56):
for a long time. Our the government was the worst
landlord in the country still is. The turnaround plan for
KO includes focusing on its core business wait for it,
building and maintaining state houses.

Speaker 3 (01:11):
Wow.

Speaker 2 (01:12):
The fact they even need to be told in no
uncertain terms and in very basic language just what their
job is. Tells us two things. One, these guys were
out of control under labor money was free flowing, debt
was sowing tendencies worth for life. Didn't matter whether you'd
killed your neighbors, care or threatened people on the street,
the house was yours. And number two mission creep is

(01:35):
a real problem for government departments. Take police, for example.
By the time the last lot left office, they were
doing half of their callouts on mental health issues rather
than crime. We have to learn as a country that
not everybody can or should do everything. We need to
keep it simple, focus on the simple and most important

(01:56):
task in front of us. For Ko, that is building
and fixing houses. For the cops, it's solvent crime. Everything
else is avery, fairy bullshit. Frankly, that seems, if you
look at the state of the books and the record
of delivery, to be a disease that's been caught by
many a civil servant in Wellington and Bob the Builder
was right today when answering the inevitable questions about selling

(02:17):
off state houses, even though he had already explained that
there would be new ones built that KAO should be
an agency at its essence that Kiwis are proud of
well run, financially responsible, good tenants, good neighbors, people who
appreciate the fortunate position of being given a state house
to live in, and a country and a community happy

(02:40):
to help them through a difficult time. Simple goal now
to deliver cry and bridge nine minutes after four nine
ninety two the number to text would love to hear
from you, farming groups and taxpayers the Taxpayers Union crying
fell this afternoon after the government last week signed the
country up to new ambitious climate targets. So here's the

(03:02):
targets to reduce greenhouse gas emissions by fifty one to
fifty five percent below two thousand and five levels by
twenty thirty five.

Speaker 4 (03:11):
Now.

Speaker 2 (03:11):
Climate experts say that this target is actually more ambitious
than the previous governments, but to meet it they are
likely to either need to plant lots more trees or
to pay as much as twenty four billion dollars to
offset our emissions.

Speaker 4 (03:25):
Now.

Speaker 2 (03:25):
The ACT Party leader David Seymour has suggested that we
should actually just pull out and rip up the climate.
A Paris climate called altogether Simon Watts is the climate
change minister, and he's with me this afternoon. Minister, Hello, hi, right,
thanks for having me. Why have you signed us up
for targets that are even more ambitious than the last governments.

Speaker 5 (03:45):
Look, it's important that New Zealand is paying its past
in the context of these agreements. This is an international
agreement with set a target which we believe is aligned
with allowing us to do and achieve our economic growth ambitions,
but also balancing that with our national interests. Was set
a target of fifty one by twenty thirty five and

(04:05):
the current target is fifty by twenty thirty So that's
what we've done, but.

Speaker 2 (04:11):
It's I mean, it's still more than the last lot,
which I don't think is quite what fed farmers thought
they were voting for.

Speaker 5 (04:17):
Well, the criteria when we set these targets, when countries
look to set these targets, is it needs to be
higher than the existing target, and so we've met that
commitment in terms of the target, but importantly we've actually
aligned it with our domestic targets. We released a plan
late last year which provides a pathway for us to
meet those targets, and now our international target is aligned

(04:40):
with our domestic targets, and that's the first time that
that's been the case.

Speaker 2 (04:43):
To meet it, we're basically going to have to plant
a whole bunch of trees, or we're going to have
to pay a whole bunch of money. Is the money
or the trees? No, it's not.

Speaker 5 (04:52):
Our plans that we released last year provide a pathway
for us to meet the twenty thirty five target. That's
from a variety of means, including agricultural emissions reduction, through
some of the innovation that's currently underway, and in.

Speaker 2 (05:07):
The planning which we don't which we don't have certainty
about it right now, right, So let's put that to
one side for a second. So what about the trees.
How many trees do we need to plant?

Speaker 5 (05:16):
Well, there is going to be a component of forestry
that will be part of the mixed It's.

Speaker 2 (05:21):
Not a bed farmer said you would have to plant
seventy five percent of Taranaki with trees in order to
meet your targets.

Speaker 5 (05:29):
Yeah, that's that's simply not the reality. The numbers in
terms of the forestry acreage is part of our plans
that we released late late last year, and it comes
from a range of sectors. The fact and the narrative
of you know, going to have to plant you know,
that degree of trees across New Zealanders and somethingly not the.

Speaker 2 (05:47):
Real So how much is it then? How much do
we have to plant?

Speaker 5 (05:51):
Well, it's going to be a reasonable amount of forestry,
but again, what's rexample our plans in terms of the
overarching hectares and stuff. I haven't got that in front
of me right now.

Speaker 2 (06:03):
So it's possible. It's possible. It could be seventy five
percent of the size of Tartanaki. You're just not sure
right now.

Speaker 5 (06:10):
It's not it is not a material increase in the
context of the forestry that we already had underwear.

Speaker 2 (06:16):
What about the twenty four billion dollars that we're on
the hook for if we don't meet the targets, Well.

Speaker 5 (06:23):
Again, that is not correct. There's no no design doesn't
get an invoice from someone in twenty thirty for paying.

Speaker 2 (06:30):
The amount of money the way, but we have to
buy the credits right Well.

Speaker 5 (06:34):
The way these international commitments work is that, you know,
we need to do our absolute you know, everything that
we can do in order to meet the targets, and
we're focused on domestic action to do that.

Speaker 2 (06:45):
Yeah, but if we don't meet the targets I'm talking about.
If we don't meet the targets, do we have to
go out and spend twenty four billion dollars buying up credits?

Speaker 5 (06:53):
No, we don't, and the government has been clear that
we don't want to be sending billions of dollars overseas
and we have no current.

Speaker 2 (06:59):
So what are we do if we don't meet the targets?
What do we and we're not going to buy any credits?
What do we do?

Speaker 5 (07:05):
Well, what reality is is that we've still got time
between now and twenty thirty we're working through our plans,
but the targets that I released last year relates to
twenty thirty five, and that's the targets that this givement.

Speaker 2 (07:20):
So there's no plan B. We sign this agreement and
you're hell bent on sticking to it. It seems if
we don't meet the Targets' one, you don't know how
many trees will have to plant to get there. But two,
if we don't meet the targets, we're not going to
be buying any carbon credits to make up the difference.
So what we'll be in breach of the agreement.

Speaker 5 (07:41):
You're talking about two different years. We're talking about the
twenty thirty five target that this government is set. We've
released an mission's reduction plan that shows a pathway.

Speaker 6 (07:50):
Of how we're going to meet that.

Speaker 5 (07:52):
The target as twenty thirty that was entered into by
the prior government is significantly challenging and we're currently looking
at all options around that and we're focused on domestic action.
But in regard to twenty thirty five target, which is
a target that we have set as a government, that
is the one that we have a pathway to achieve
through the misstroduction plans that we published late last year.

Speaker 2 (08:12):
Right, and if we don't meet the twenty thirty five
what do we do?

Speaker 6 (08:17):
Well, we will do absolutely everything we can to meet that.

Speaker 2 (08:20):
But I know, I mean, this is what bid farmers
are saying. Bed Farmers and the text pasing you come
out and said, well, I mean, we're not going to
meet it unless we planned a whole bunch of trees.
And if we don't plant a whole bunch of trees,
then we'll have to pay something.

Speaker 5 (08:34):
The plans that we released last year show the initiatives
that we have currently got in flight today, get us
pretty much there in the context of the twenty thirty
five target. Yes, we're going to need to do a
few other things, but there is a lot of consideration
around how much we're going to get out of the
meat Saint innovation. As you said, you know, a lot
of that is still work in progress. But there's also

(08:57):
other aspects around, you know, what industry does on PARA
are already announcing some pretty significant plans around decarbonization in
the last few weeks. The doubling of the renewables is
all going to play its part. How quickly people continue
to up take ev vehicles will play into the mix.

Speaker 6 (09:13):
You know, this is thy thirty five tomorrow.

Speaker 2 (09:16):
Well, we'll live in hope. Do you have a problem
with fed farmers? Apparently you haven't met them since November.
They've been dying to meet with you about this, But
you've met with Greenpeace, the World Wildlife Fund, the Alter Circle,
whatever that is.

Speaker 6 (09:28):
No, I don't.

Speaker 5 (09:29):
I grew up on a farm, Ryan, so I don't
even knew problem with the fed farmers.

Speaker 4 (09:33):
Quite the off one.

Speaker 5 (09:33):
You meet them, my office talk with them regularly.

Speaker 2 (09:36):
But why haven't you talked with them?

Speaker 5 (09:38):
Well, My understanding is I will be doing so in
the next few weeks.

Speaker 2 (09:42):
So you run your you run your agenda. Why haven't
you met with them?

Speaker 5 (09:47):
I meet a number of representatives from fed Farmers in
a number of engagements.

Speaker 2 (09:53):
That sounds vague, and you're saying when, no, it's not.
They've asked to meet with you about this issue before
it came out since November, you haven't met with them.
That seems a bit of a snub.

Speaker 7 (10:05):
No, it's not a snub, not at all.

Speaker 5 (10:07):
No, we engage regularly with bed farmers and I look
forward to catching up with them in due course.

Speaker 2 (10:12):
Simon Wat's Climate minister, thank you very much for your time.
Great to have you on the show. It is seventeen
after four News Talk ZIBB.

Speaker 1 (10:20):
It's the Heather Duper See allan Drive full show podcast
on iHeartRadio powered by News Talks EBB.

Speaker 2 (10:27):
Nineteen after four News Talks zib Arrogant ignorance grew up
on a farm. Big whoop, says Jenny. This in response
to the climate change minister who's just on the program
moments ago, Simon Watts. Ryan, So we meet the target.
Clappity clap clap clap stuff. The country and the climate
has no different. Waste of bloody times, says Penny, and
other just says climate grifters. Interestingly, the Taxpayers Union says

(10:50):
that the Climate Change Minister hasn't met with Federated Farmers,
not since November of last year, but since November of
twenty twenty three.

Speaker 8 (10:58):
Brian Bridge.

Speaker 2 (11:00):
Darcy's here, Hey, Darcy, it's reassuring. I know, right, hey,
super Rugby is the Player of the Year award going
to save rugby union.

Speaker 9 (11:10):
I think the first thing I need to do is
come up with a name. They're basing this on Deli
m one of the legendary awards in Australian rugby league
and Deli Messenger is one of the superstars, right, so
find the name.

Speaker 10 (11:21):
Don't just call it player of the Year.

Speaker 9 (11:23):
I mean, really, you want to engage, you want to
make people excited.

Speaker 10 (11:26):
Give it a name. I'm not saying John like a
proper name. I can't work out what's it. I immediately
to something yeah like that.

Speaker 9 (11:34):
But then, as rightly pointed out by Clay Wilson, director
of Sport at ZB, goes, well, it's kind of a
trans tasm competition.

Speaker 10 (11:41):
Darcy can't name it after a New Zealander.

Speaker 2 (11:43):
True.

Speaker 9 (11:44):
Ah, and there's the Fijians and there's more on a
pussy figure.

Speaker 2 (11:47):
But what is the point it says it's going to
drive fan engagement? Is that really going to happen?

Speaker 9 (11:52):
I mean it's a nice catchphrase, isn't it. Look the
whole idea? Is it something that you keep abreast with
on social media? So at the end of each game,
the opposition captain and coach they nominate their three best
players on the opposition side given three two one points respectively,
that totals up. So through the year you can see
your favorite players. How well are they going.

Speaker 10 (12:13):
This stop laughing.

Speaker 2 (12:14):
At this was explained to me earlier. It's like man
of the match for something when you're a kid when
you're playing rugby. But they're doing it on Twitter.

Speaker 10 (12:22):
Yeah, I'm not entirely sure. If you get a fast
food voucher, I don't know if.

Speaker 9 (12:28):
Oh prestige they'll have a big end of yet, Like
I know that most professional sports people they played to
win major tournaments.

Speaker 10 (12:35):
They don't really care about gongs. No, you know, I
want to medal. I want to compete at the hire sleeve.
And it's very lovely.

Speaker 9 (12:43):
End of the end, we'll get to dress up and
here you go, here you.

Speaker 10 (12:45):
Go, here's your here's a certificate. Yeah, trying something.

Speaker 9 (12:50):
What gets me that I was being told by Super
Rugby Pacific that there was a new competition coming up.
It's a Fantasy Beast competition, which are very big all
over the world, and I like, Hey, we're starting soon.

Speaker 10 (13:01):
Where's the competition.

Speaker 9 (13:02):
We're right in the shadow of the start of the tournament,
and where's the competition.

Speaker 2 (13:08):
Hey. Men's and women's basketball teams will play their Ossie equivalents. Listen,
a three game series in May.

Speaker 9 (13:13):
That's on the seventh and the ninth, and the eleventh.
Adelaide and Sunshine Coast got the first two games and
then Hamilton has got the third or the fifth and
the sixth game. So they're double headers, both the Opals
and the Boomers taking on the Tall Ferns and the
Tall Blacks. And then they do it across three events.
And the thing about this is they're trying to obviously
promote basketball. It's outside of a feeble window, so it

(13:36):
doesn't mean points when it comes to internationals. What they're
doing is they're trying to re encourage this trans Tasmin
competition because basketball's on the up and up, and they
want to reach out and say you can what they say.
If you can't see them, you don't want to be them.
They want their stars playing in their backyard. But I
try thing is fantastic. Giving it a name, I'm really

(13:56):
going to go with that really.

Speaker 10 (13:58):
Matters at the moment.

Speaker 2 (13:59):
They everything, Darcy, No, no, we can't. Hey, I went
and bought a basketball on the weekend. Haven't you haven't
haven't touched a basketball since I was probably at high school.

Speaker 9 (14:08):
Well, you're quite tall, so normally you would get that,
wouldn't you. Are they not that, or you'd be a
you wouldn't be a senter, you'd be a point guard.

Speaker 2 (14:13):
Something got ap. But there's a hoop around near my house.
It's on the back of a school, so I go
and use it in the evening. It's great fun, fantastic,
a little bit of exercise, not too much. Yeah, you know,
a bit of concentration.

Speaker 10 (14:26):
A bit of joy when you get the when the ball.

Speaker 2 (14:29):
Because all the kids rip the nessing off, of course,
so they all.

Speaker 10 (14:32):
Need to put a chain one up there.

Speaker 2 (14:34):
Yeah, there's no.

Speaker 10 (14:35):
No a chain rattle all than anything.

Speaker 9 (14:38):
And Dylan Boucher is going to be on the program
today talking about the basketball brilliant and all things going
well and go. Richie mccare joins us talk about the
return of God's own Adventurice.

Speaker 2 (14:49):
Fantastic, look forward to seeing soon. Darcy was sport twenty
four after four News Talks ad.

Speaker 1 (14:53):
B getting the facts, discarding with fluff. It's Ryan Bridge on,
hither this allan drive with one New Zealand.

Speaker 8 (15:02):
Let's get connected.

Speaker 2 (15:04):
News dogs they'd be four twenty seven. Hi, Ryan, This
in response to the Simon Wattson interview, A very good interview.
I'm on the middle conservative side of politics. The chap
from the NATS hasn't got a clue. The Nets are
very disappointing for many of their voters. New Zealand should
get out of the climate agreements. The faster the better.
It's unbelievable how wishy, washy and irresponsible they have become.

(15:26):
Good for digging regards Alex I was thinking about the
Paris Climate because obviously David Seymour is making murmurings about
us pulling out of it. What would happen if we
pulled out of the Paris Climate Court? Would we all
drop dead, you know, and I mean obviously not. But
what would happen? What would it mean for our international obligations?
What would it mean for our carbon credits? What would

(15:47):
it mean for a whole bunch of stuff? Because when
you look around the world, I mean, just in the
last couple of hours in the US, the Senate has
confirmed their Energy secretary. This is the guy who will
be essentially their Minister of Energy in the US. His
name is Chris Wright, and he's having to resign from
his job as the CEO of fracking company. You know,

(16:07):
and you look at India, and you look at China
and their cold fired power plants, and you think, are
we wasting our time here? People? Nine two ninety two,
you're on news talks. He'd be Murrayol's out of Australia
on Sam Kern next post the MAZONI.

Speaker 1 (16:30):
Recording the challenging questions to the people.

Speaker 8 (16:32):
At the heart of the story.

Speaker 1 (16:34):
It's Ryan Bridge on hither duplessy Ellen drive with one
New Zealand let's get connected news talks.

Speaker 11 (16:40):
He'd begat good afternoon, twenty four minutes away from five
news talks.

Speaker 2 (16:53):
He'd be great to have your company. So the story.
You'll remember this Janet Dixon. She took a claim to
the High Court. The High Court has made a decision
now and ruled on it. This is in relation to
the real estate agent's authority. She went and did a
Maldi Well, she didn't do the Maldi course that she
was supposed to do in order to get her qualification.
She said that on moral grounds she didn't think she

(17:14):
should have to do it and it shouldn't be a
legal requirement. She was then had her license revoked for
failing to do this course. She took her case to
the High Court. Now her High Court case has been dismissed.
They have basically ruled that it's in the Act that
you have to do it, so therefore you have to
do it. And Nicole McKee, who's the Associate Justice Minister,

(17:35):
has put out a release just in the last ten
minutes in response to this High Court decision and she
says basically she's already changed the law so if this
was to happen to anyone else. She has made changes
to the Real Estate Agent's Act of two thousand and eight,
creating consistency with other regulated professions. It was introduced in
December last year, and it addresses this issue by removing

(17:56):
the cause. So, in other words, Janet's fight is over.
She lost her case, but the wider issue seems to
have been fixed for those who call it a fix.
By Nicole McKee, it's just gone twenty three away from five.

Speaker 1 (18:11):
It's the world wires on newstalks'd be drive.

Speaker 2 (18:16):
Trump hit Pauls on taris for Canada and Mexico for
a month. Both countries have agreed to send troops to
their borders to tighten up well.

Speaker 12 (18:23):
I think the country is breathing a collective sigh of
relief given the reprieve, but in no way, shape or
form should it be a definitive reprieve. We know that
the president can be irrational, he can be chaotic, and
full credit to him, he's succeeded in creating chaos and
other elements of his life.

Speaker 2 (18:44):
Does seem to have worked, though a little bit, doesn't it.
Australia's Parliament has reopened for twenty twenty five. Elbow has
told his MPs that he expects to win a second term,
despite all evidence to the contrary.

Speaker 13 (18:56):
That's precisely what I have optimisim for the year ahead,
an optimism that we can create a better future for Australia.

Speaker 2 (19:05):
Finally, this afternoon, an amateur MMA fighter from England has
seen his profiles skyrocket in recent weeks because his name
is drum Roll Taylor. Swift. Taylor, who has had two
wins and one loss in the ring, says there are
usually a few chuckles when his name's called out weigh in's,

(19:27):
but he genuinely just shakes it off. He also says
he's got no bad blood with the other Taylor. He's
just not a big, huge fan of her music. It's
a funny name.

Speaker 14 (19:38):
I don't even know any of the songs, if I'm honest.

Speaker 8 (19:40):
I hadn't. Yeah, I don't know any I only know
the jokes that got from at me. There's a song
called bad Blood. I'm getting shake it off.

Speaker 15 (19:47):
I'll get into a lot.

Speaker 1 (19:49):
International correspondence with ends in eye Insurance Peace of Mind
for New Zealand Business.

Speaker 2 (19:55):
Twenty one to five. Murray olds it here our Australia correspondent. Murray,
the new South Wales Transport Minister has resigned. We spoke
about this yesterday. The use of the personal use of
the ministerial car has got her.

Speaker 16 (20:08):
That has indeed ye're very good afternoon. Not the first
minister to fall in this way. It's as though when
you've become elected to a state or federal parliament, all
of a sudden your hands sort of stopped short of
your own wallet because guess who's paying the bills?

Speaker 4 (20:23):
Taxpayers.

Speaker 16 (20:24):
I'm not saying that is definitely the case in the
case of Joe Hayman.

Speaker 4 (20:27):
I've interviewed it, probably have it as in a dozen times.

Speaker 16 (20:31):
You know, she's mid early forties, a mum, and as
we all know that anyone who has covered politics and
you know any way at all, you know how hard
MPs do work. I know it's easy to bag them,
but particularly ministers. It's twenty four to seven and she

(20:52):
was caught out. Well, let me just to sit the stage.
She's been in for two years. For almost all of
that time a very bitter dispute with the Combined Rail
unions who were demanding twenty five percent pay rise. On
the Australia Day Long weekend, she and a bunch of
friends took a government van from her holiday home up
to the Hunter Valley for a long lunch. The government

(21:16):
driver had a thirteen hour day and she had to
repay seven hundred and fifty bucks when this came to light.
Then she find we learn as taxpayers the driver has
been dropping off her children to weekend's sport as he's
been taking her down to Sydney for the Parliament, for
her parliamentary.

Speaker 4 (21:33):
Work and ministerial work.

Speaker 16 (21:35):
And now there's the third indiscretion, another hunter of belly
get away, this time with a hobby. So she's gone
this afternoon. But there are two questions here where did
all the information come from? It was leaked to the media,
and I guess I'll be knocking on the door of
the Combined Rail Union for a lot of this. And
the second question is, let's now see the logbooks of
every minister, of every MP, because they've all got perks

(21:58):
and lurks. Let's see out a lot of them spending
are spending our money?

Speaker 4 (22:03):
Because it's not gonna find to the New South Wales Parliament.

Speaker 16 (22:05):
You're find it's the same in New Zealand, same in Queensland, Salmon, Britain.

Speaker 4 (22:09):
They're all on the public teat.

Speaker 2 (22:12):
In her defense, Murray, could you not argue because she
was Minister of Transport right that she was just you know,
she was being transported.

Speaker 4 (22:20):
Oh good luck with that one. Yeah, I don't think
it's going to fly.

Speaker 2 (22:26):
Hey, the Ossie football is in Sam Kerr on Trumper
racially aggravated harassment. We've all seen this video. That's been
secret video.

Speaker 16 (22:34):
I mean, look, it's a bad look for one of
the most high profile women in world's sport. I mean
she is one of the most hope, well, she's certainly
the highest profile female athlete in Australia right now. We've
had Kathy Freeman of course in the past and others
like that, but Sam Kerr is a household name over here.

(22:54):
She earns three million bucks plus a year. So for
the London taxi driver to suggest for a second that
he was frightened they weren't going to pay her well
pay him, Well, that's just ridiculous. But we've all seen
the video. It looks terrible. Apparently a curR has vomited
in a taxi on the way home after a big
night out with her partner. The taxi driver is insisting

(23:17):
they pay up, but they're having a fight. He rings
the cops and starts driving off to twicken And police
station in London. The women in the back know that
they're not going to their home, so she's on the
phone as well, and when they pull up outside the
cops shop, there are two other police officers have just
got back from another job.

Speaker 4 (23:33):
Helloa la lallo, the old sort of standard approach, and
all of a.

Speaker 16 (23:37):
Sudden, Sam Kerr is saying as she's accusing the guy
of being white and using that word in a very
derogatory way, to the point where the police officer arrests
her and charge and charges her with racial vilification. So
this isn't about vomiting in a taxi that's been cleared up.
The women are arguing that they felt they were being

(23:58):
abducted and kidnapped. The driver says he was frightened because
he had these these women vomiting and shouting and carrying
on the back seat. But basically, the prosecutions told the court,
Miss Kerr, identifies as white Anglo Indian, was obviously upset
and angry about what happened and how the police were
handling it. But it's unless she became abusive and insulting
and specifically insulted the police officer by reference to his

(24:20):
ethnicity by e's white and the issues. According to the prosecution,
it's not about what she said, but it's what she
meant by what she said, and how did that make
the policeman feel? So go figure, there's a wee way
to go on this year.

Speaker 2 (24:33):
But how was he feeling about it? Because you know,
if if you were to flip the script and use
the you know, if it was the other way around,
I'm sure there would be huge outrage about it.

Speaker 16 (24:45):
How Yeah, no kidding, I mean, is it simply a
case of another athlete. I mean, hello, the rugby league
season starts in a minute London to a brick, someone's
up before the court inside the first month. I mean,
it's just the way it's like leaves changing color in autumn.
So yeah, I mean that's a good point you make.

(25:06):
But Sam Kerr, how's it going down here? Well, look,
I'm not sure. I haven't really taken the temperature, but
certainly she's a much loved figure here.

Speaker 4 (25:13):
I think a lot of people would sympathetic towards him.

Speaker 2 (25:14):
Yeah, Murray, thank you for that. Murriold's are Australia correspondent,
just gone sixteen minutes away from five year on news talks.
Here'd be Barry Soper is next. We're looking at all
the comings and goings and happenings up at White Tangy.

Speaker 1 (25:26):
Politics was centric credit, check your customers and get payment
certainty news talks.

Speaker 2 (25:31):
Here'd be Barry Soper, senior political correspondents with us. Hey, Barry,
good afternoon, right, big night tonight for Shane Jones. He's
got his White Tangy party.

Speaker 10 (25:39):
Yeah, I should be there rather than here, should be right.
And I've never been to a Shane Jones. Why take it?
But no, I haven't I know you? Have you a regular?

Speaker 4 (25:49):
No?

Speaker 2 (25:49):
I know? I actually I've been. No, I haven't, haven't
you No, I've been to many parties up north.

Speaker 10 (25:55):
The renowned in the north.

Speaker 17 (25:57):
Yeah, his parties seafood on display and there's munch that's
way through and plenty of grog, plenty of It's a
great start. I've been told to wait Tangi week and
only Shane Jones. He's expecting four hundred and fifty people
there tonight.

Speaker 2 (26:14):
Goodness me. Now more important issues Shane's and staying with
Shane Jones, because he's talking about with the banks and
the fact that they're not lending to some farmers and
to some big oil and even petrol station.

Speaker 17 (26:26):
Well he's talking about banks essentially being dictated or dictating their.

Speaker 2 (26:31):
Social picking and requirements.

Speaker 17 (26:33):
Yeah, you'll be aware of the country's trading banks are
at the moment before a Parliamentary select committee. They're looking
at the competitive nature of them. But it looks as
though in my view, and you'll hear Chris Luxon shortly
though attempting all they're thinking about going further and that's
telling banks who they should be lending to. Internationally, there

(26:56):
are governments that do dictate that to banks in the
public interest, like mining that we're now going down that
track again. The bn Z they've pulled back from that,
saying that I want to have anything to do with mining,
and similarly with service stations. They don't want to be
lending to be building service stations and the provinces because

(27:17):
they say it's a credit risk. Well, with Mike Hoskling
this morning, I know whether you'd heard Chris l Likeson on,
he wasn't mincing his word about the banks, indicating there
could be a law on the way to make them
toe the line when it comes to financing stuff in
New Zealand's best interest. Now, the b and ZED, like
I said, was has turned its back on financing coal

(27:40):
mines and service station here's the Prime Minister of a listen.

Speaker 18 (27:44):
It's utterly unacceptable, utterly unacceptable, and that's what we've got
to change. And we've made it very clear in our
comments and I hope the bank CEOs are noticing our language,
which is you've got to finance things that Kiwi's need
and not financing service stations or coal companies. Those are
things that he' zell need. And so whether it's been
the benzad On service stations or any of the other banks,
their job is not politically posturing. Their job is to

(28:06):
finance the things that kiwis need. They don't want this
political posturing going on ben Zen, you know they want
to not fund service stations in provincial New Zealand for example. Well,
we've got two to three percent electric vehicle penetration at
the moment. It ain't going to change in a hurry.
And frankly that's not their decision.

Speaker 10 (28:20):
Well, in fact, it is their decision.

Speaker 2 (28:22):
It is a standalone business totally.

Speaker 10 (28:25):
And I thought of an analogy that.

Speaker 2 (28:28):
Passes me off this well.

Speaker 17 (28:29):
Know to me too, but Chris Lux and think about
it as the former CEO of there in New Zealand
if he was told by the government, and the government
would have more right to Itali in New Zealand given
they own more than fifty percent of the airline, saying
that you've got to fly that route even though it
maybe not be financially viable. Now you could say that

(28:52):
with Kiwibank, maybe they should turn their attention on Kiwi
Bank and say, listen, you have the best interests of
New Zealand, you have to But with these big trading banks. Now,
I'm no defender of banks, though they make massive profits
on the back of high interest rates for mortgage holders
in New Zealand. Nevertheless, it's not the government's job to

(29:13):
involve in private business with you.

Speaker 2 (29:16):
And it runs, it runs rough shot over every argument
he has made about labor over regulating banks, and that's
part of the reason why we're being charged so much
and part of the reason why we need this inquiry.
To then turn around and say, what I'm going to
do is regulate what they can and who they can
and can't lend to. You can't do any guys in
the face.

Speaker 10 (29:35):
Well, you know, Gloria Vale. Let's just think about Gloria Vale. Yeah,
there was you know they talked the B and Z court, Yes,
because of.

Speaker 17 (29:43):
The slave labor claims about it, and they lost. The
B and Z won the case and that Let that
be a warning to the government.

Speaker 2 (29:51):
They can do what they like. Yeah. And also one
one man's Gloria Vale is another man's dildo shop. Remember
they remember they wouldn't let's sell to the sex shops. Hey,
we've probably got time for very quickly this opinion poll.
It's got Labor ahead and it's got the left forming
a government.

Speaker 10 (30:08):
Well, it's incredible, isn't it. You know on your head
be it.

Speaker 17 (30:12):
If that's the way you want the country to be
run with the Labor Party, the Greens and the Maldi Party,
good luck to you, because I tell you what, there'll
be a lot of people flooding out of the country
and heading off overseas if that's the case. But that's
the Talbot Mills Pole. They're the internal polsters for the
Labor Party. But they've put Labor ahead, and they've put

(30:34):
Chris Luxon behind Chris Hipkins. So who knows what the
public are thinking? Fickle, that's what I say.

Speaker 2 (30:41):
Barry Soper News talksb Senior for little correspondent. Great to
see you, as always. Eight minutes away from five News
Talks MB. Last night we had Nichola Willis on the show.
She confirmed that they are looking into the corporate tax
rate in New Zealand and whether they look at dropping that.
We've got reaction to that interview after five.

Speaker 1 (31:01):
Putting the tough questions to the newspeakers, the mic Hosking breakfast.

Speaker 2 (31:05):
Claim, Minister, are you're going to play with the corporate
text rates?

Speaker 18 (31:07):
Well, we're open to looking at all our text settings
that encouragees growth.

Speaker 13 (31:10):
So we could be talking about corporate text cuts to
this budget.

Speaker 18 (31:13):
I'm not going to talk about what those measures may be.
How can you cut corporate I mean, good on you,
well done, get on with it.

Speaker 19 (31:18):
How can you cut corporate and leave at thirty nine
the top rate?

Speaker 18 (31:21):
Well, again i'm not going to talk about it.

Speaker 2 (31:24):
Discussion.

Speaker 19 (31:24):
How do you lower corporate while keeping the top rate
and the gap being too high?

Speaker 18 (31:28):
Well, the challenge we've got is how do you drive
more economic productivity?

Speaker 20 (31:31):
Yeah?

Speaker 2 (31:32):
I couldn't agree more.

Speaker 13 (31:33):
Yeah, lower the top rate, lower the corporate get on
with it, so you'll announce it in the budget to
go into election.

Speaker 18 (31:37):
New with text cuts were Will, I'm not there was
close enough.

Speaker 4 (31:41):
It's close enough.

Speaker 2 (31:42):
Back tomorrow at six am the Mic Hosking.

Speaker 3 (31:44):
Breakfast with the Rain drove of the last News Talk ZB.

Speaker 2 (31:47):
Four to five on News Talk Ryan. The government can
dictate who the banks lend to. They just need to
make lending to a business, a legal business or entity
part of their license. Conell. I think that's the same
thing if you tell them they have to lend every
single legal entity in New Zealand, then you are dictating
who they must lend to. And I just don't think
that is a viable path forward for the banking industry.

(32:11):
You want a strong and I know it's not a happy, clappy,
fun thing, a popular thing to say, but you need
a strong, viable banking industry with capital in order to
have a stable financial environment, in order to grow your
country all those sorts of important things. Anyway, we'll talk
about this some more after five o'clock. Also more on

(32:33):
the tax cuts that Nicola Willis mentioned on the program
last night, and we'll have the Brisco's result for you.
I want to run through that and the Wellington property
values the RVs are out today. All the details coming up.

Speaker 21 (32:45):
Next questions, answers, facts, analysis, The drive show you trust

(33:18):
for the full picture.

Speaker 1 (33:19):
Brian Bridge on Heather dup c Allen Drive with one

Speaker 4 (33:25):
That'd be good evening.

Speaker 2 (33:26):
It's five oh seven. The country's biggest landlord has a
turnaround plan kind of order is going to refocus on
simply building and managing social housing. It plans to sell
nine hundred homes a year that are no longer fit
for purpose and renew older homes that it needs to. Overall,
the numbers won't reduce the payoff. Well, debt will be
down one point eight billion dollars in twenty twenty seven

(33:49):
twenty eight compared to the twenty twenty three forecast. Bort
chair Simon Murder is with me this evening, Simon, good evening, Yeah,
ah yeah, right, building and managing social housing. Was that
not an obvious focus for this outfit?

Speaker 22 (34:04):
Well, I think so, and just it's you know, an
organization is always going to function better when it's got
a very clear and reasonably narrow purpose in mandate and
things that you know, we ended up over the last
few years having a wide range of mandates and that
that can distract you know, your top team, your attention,

(34:26):
your resources, and so I'm confident that as we narrow
the mandate back down and we focus on the core functions,
will do a much better job.

Speaker 2 (34:35):
The number of social houses won't fall, but will it
go up, you know, will it meet the demand of
the wait list?

Speaker 22 (34:42):
Between between now and June twenty twenty six, will continue
to grow the total number of social housing and well,
we'll reach a level of around seventy eight thousand social
houses by June twenty twenty six and from that point on,
unless the Government instructs us to add further to the

(35:04):
total housing stock, will run the business with a one
in and one out approach and that will result in
around in nineteen hundred to two thousand construction events, some
of which are replacing knocking down old houses and replacing
them with new and others being fully refurbished, so relifing

(35:25):
a home. But that would be the process from there,
and the government has signaled that it wants to explore
the possibility of future growth in social housing coming from
the community housing provider sector, who are very good at
what they do and provide some very good care services.
And we're very supportive of that logic.

Speaker 2 (35:46):
It means you'll be building houses. Have you got to
the bottom of why Coming of Order was paying on
average twelve percent more for new builds than the private market.

Speaker 22 (35:57):
A number of reasons actually, in not the least of
which was a very aggressive increase in the requirement to
build houses. And you know, last in twenty twenty four
financial year we built we built nearly six thousand, So

(36:17):
it's those were enormous numbers. And so when you work
at that pace, it does push a lot of inefficiency
into the business. You have to make choices that you
otherwise wouldn't to deliver that sort of a number and should.

Speaker 2 (36:32):
Give your economy a lot, shouldn't it give your economy
no scale, things cheaper.

Speaker 22 (36:37):
No, it's just delivered at such speed and you're pulling
on so many resources. The opposite occurs you become inefficient
or had to make all sites, election choices and things.
So partly in efficiency, and then a little bit to
do with the design standards and the specs which had
got probably further than they needed to be in terms

(36:59):
of specificity beyond what would be seen as a normal
market build for an affordable home, and so We're already
resetting some of those specifications just to bring them a
bit closer to a regular build. Social housing does require
some features that that normal market housing doesn't, but it
doesn't need to cost hundreds of thousands more. It should

(37:19):
only cost, you know, teaching the low tens of thousands
more in a unit.

Speaker 2 (37:23):
Simon, thank you very much for your time. Simon Mousa
their King order Board, Share, Bray and Bridge eleven after
five on the show yesterday that yesterday this is going
for growth theme. I asked Nicola Willis, the Finance Minister,
if she would cut the corporate tax rate.

Speaker 23 (37:38):
We're not as competitive as we used to be. We
can't take tax off the table because it could make
a difference to our competitiveness. We always have to balance
that against our other pressing needs.

Speaker 2 (37:50):
She has said she is actively looking at the corporate
tax rate. Currently it sits at twenty eight percent. The
OECD average is twenty four percent. We've been at twenty
eight twenty eleven. Singapore's corporate rate is seventeen. Ireland's is
twelve and a half. Remember Ireland, we all want to
be like Ireland. To discuss tax advisory expert Robin Oliver
from Oliver Shaw is with me, Good evening evening. How

(38:14):
do we rank.

Speaker 6 (38:17):
Very lowly? As a minister said, we're not competitive internationally
and particularly for a small country. We're more like Ireland
in Singapore as you say, seventeen twelve point five, not
like the UK and Europe twenty five, US twenty one.
We are twenty eight. We stand out uncompetitive and I

(38:39):
think the government's right to say we want to be Ireland,
we want to be Singapore, a successful, small, open economy.

Speaker 2 (38:46):
How low can we go?

Speaker 6 (38:50):
Well with the government and a bide. It's made for
your commitments to balance the books and what have you.
But it'll be very hard to do that if you're
going to cut taxes because you have to have more
expenditure reductions and so forth. So the government's going to

(39:11):
sit back and really strategically think of how we put
tax in the next It's no point in us having
a marketing campaign to be Singapore where we don't have
the product to sell, which is where we are, and
so we've got twenty eight percent. Well, if we went
down to twenty five, that will cost us about a

(39:31):
billion dollars per aadum and tax and that still wouldn't
be much competitive compared to these small open economies, so
we really have to be bowl but targeted.

Speaker 2 (39:44):
What do you mean targeted? Who do we target? How
do we target them?

Speaker 6 (39:49):
Targeted to where the tax cost is really affecting our
productivity and economic growth of boast, not across the across
the board and be lovely, but it's affecting it the most,
and that tends to be for an investment in globally
mobile character. And there are many options here, YEA. One

(40:12):
is to allow expensing deduction for the fore cost of
investment essets card to machinery, and you can do things
like say, and it's very expensive to do, but you
can say, well, we'll allow you to deduct the forecast
of new card and machinery over five years the.

Speaker 2 (40:34):
Fastest the fastest appreciation. Robin, we did discuss that with
Nikola Willis as well and she said that is absolutely
on her radar as well. So there are a couple
of options I guess under the umbrella of tax that
they could look at. Robin, thank you very much for
your time. We do have to leave it there. Robin Oliver,
Tax Advisor with Oliver Shore fourteen after five news talks
there'll be coming up next. It's the Rugby, It's the

(40:56):
Super Rugby Pacific and their new bid to get you
watching the game. Is it going to work? Life can
be pretty complicated, especially if you're a small business with
one thousand and one decisions to make. So let's keep
things simple, shall we. When it comes to your broadband plan,
who needs to sort through ten different options that aren't
really that different anyway. One New Zealand has made life

(41:17):
easier by creating two brilliantly simple broadband plans to take
the hassle and keep the hassle out of your business,
making sure you're connected. You can go with fiber, or
if it's available at your address, you can go with wireless.
It's that simple. Both plans mean fast, reliable connectivity that's
essential for anyone in business, and both plans come with
unlimited data plus a smart Wi Fi modem that means

(41:40):
greater control over your network and better security to help
keep your business safe. Best of all, and I think
this will be music to everyone's ears. It's simple to
set up and manage from your smartphone, So go online
and search One New Zealand business for beautifully simple broadband.
That's one New Zealand business to get connected. Today ran
Bridge Super Rugby time has just gone eighteen minutes after five.

(42:02):
Super Rugby is bringing its own version of the Daly m.
This has been announced today. The Player of the Year
Award will be an annual prize. It's given to the
best player in the Super Rugby Pacific competition and each
head coach and captain will vote throughout the season on
who to give the award to. Its hope it will
drive engagement with the fans. Jack Mesli is the Super
Rugby Pacific CEO. He's with me this evening, Hijack.

Speaker 4 (42:25):
Hey, right, how are you?

Speaker 2 (42:26):
I'm good? Thank you? Is this a little bit like
Man of the Match? Is this going to be groundbreaking
for us?

Speaker 4 (42:32):
Well?

Speaker 24 (42:33):
No, I don't think it's groundbreaking, but we think it's
an important accolade that the competition should award and it
hasn't done in the past, so we're very excited to
introduce it into Super Rugby Pacific. And yeah, recognize the
pot the most outstanding player for the season.

Speaker 2 (42:50):
Ahead somebody who's just texted it. Literally as you've answered
the call, Stephens, said Ryan Super Rugby Player of the
year is like flogging a dead horse. The game has
bigger problems. What do you say?

Speaker 25 (43:03):
Well, Super Rugby at a really good year.

Speaker 4 (43:06):
We saw strong growth.

Speaker 24 (43:07):
In attendance and TV audiences last year and we're looking
to build on that this year and we think things
like this introduction of awards Fantasy Rugby that we're also
introducing are all great initiatives that will increase engagement and
give fans the tools that we're being told they want
to engage with the competition.

Speaker 2 (43:27):
Do the fans get to vote on it at all?
Or is it just the coaches and the captain?

Speaker 24 (43:33):
No, for this award, it will just be that the
captains and the head coaches. We do have a Player
of the Week award that fans can engage with every
round to nominate their player of the week, but this one,
which is the highest accolade for our competition, it's going
to be voted on by captains and the head coaches
after each match.

Speaker 2 (43:54):
Interesting, Jack, thank you for that. Great to have you
on the show. Good luck with the award. That's Jack Misley.
Super Rugby Pacific CEO Brian Bridge just gone five twenty
on News Talks there b I'll give you the numbers
from Briscoes in a second, because they're quite interesting, not
so much what has happened over the last year, but
what they expect will happen going into next year. But
there's an AI story that caught my attention. I wanted

(44:14):
to chat to you about it, so we all know
what AI is. There are one hundred experts and thinkers
who've written an open letter warning about AI. And first
of all, if you call yourself a thinker, you're a
plunker honestly, anyway, who imagine signing your name, you know,
John Smith plumber? Yes, John Smith, thinker. No, thank you,

(44:37):
I won't be going to dinner with you anyway. They've
written an open letter and they are worried about AI
becoming sentient and you know, capable of having feelings and
self awareness. And I thought, finally, somebody is as paranoid
about the whole Terminator movies as I am, and they're
doing something about it. It's nothing to do with that.
In fact, it's the opposite. They're not worried about the

(44:58):
robots taking over. Concern is for the robots. They want
to prevent their mistreatment and suffering. That's serious. So they're
saying soon we could have large numbers of new beings
who are deserving of moral consideration. Honestly, just unplug them.
You know who cares. They're not real. It's not like

(45:20):
you know when you have an argument with a vegan
and they're like, oh there is you know, you shouldn't
eat that because they've got feelings, and you think, oh
bug at that, and I'll eat my meat, and but
you still feel a little bit bad it. With an
AI machine, you just unplug it and there is no guilt,
Ladies and gentlemen. Twenty two after five.

Speaker 8 (45:38):
Checking the point of the story.

Speaker 1 (45:40):
It's Ryan Bridge on here the duplicy Ellen drive with
one New Zealand let's get connected and use talks.

Speaker 2 (45:47):
They'd be five twenty four. I'm launching a campaign this
evening to save rugby union. Match attendance is down, advertising
is down, Schoolboy Rugby's attendance is down, ticket sales are down. Apparently,
they tell us the futures looking uncertain. Super Rugby Pacific
has come out today with an idea to give the
game a big boost to get the fans involved. They're

(46:07):
going to basically allow the players and the captains to
pick an MVP A player of the day or a
player of the year, if you will, they say, this
will help drive fan engagement. Now, if you are a
twenty something year old typical rugby fan or a prospective
rugby fan, are you going to now come watch a
game that you haven't been watching because they're handing out

(46:28):
a meaningless ribbon at the end of the year. Probably not.
I would wager that you're not. Of course, if they
were serious about improving rugby's lot, they might speed the
game up, change the rules. I mean, these are the
things that people tell me. People who watch a lot
of rugby tell me that they don't like about rugby
right now, you know, get rid of the boring lineouts

(46:48):
and the long scrums, let the players loose a bit
with the media in the public, stop hiding them behind
a Kremlin curtain at all blacks HQ. Then they have,
you know, lots of people coming to fill out the stadiums.
And in Auckland they've got the competition now of Auckland FC,
they've got the Blues, have got the competition of the

(47:10):
warriors they send to attract fans. It's all quite hard
stuff that so I've gone with a simple solution I say,
bring back cheerleaders, really easy one. Sexy cheerleaders with skimpy
clothes on and fabulous moves. Nothing gets a crowd ged
up like a good dance routine. And I don't mean
sloppy looking ones. I mean fit, athletic, bouncy ones like

(47:34):
you saw and bring it on. Okay, why did we
get rid of them? I imagine somebody you know, in
some PC officer got rid of them. Those days are
behind us. If you're a woman or a man for
that matter, who knows how to dance and you can
put on a great show for a big crowd, why
not bit of color, bit of controversy, bit of energy,

(47:56):
bit of harmless fun goodness? Me if they brought back
shirtless fireman calendars, which they did last year I know
because I've seen one, then they can sure as hell
bring back cheerleaders for a bit of fun.

Speaker 26 (48:10):
Ryan Bridge, I'll hand that one's here and I haven't
heard that one before. We've talked about this a lot
on sport radio for the last decade and you haven't
heard that one.

Speaker 2 (48:22):
Hey, I think you would. That crowd Eden Park would
fill out once more.

Speaker 26 (48:28):
I'm not arguing with him.

Speaker 2 (48:31):
We've had a response from the Climate minister. We'll get
to it next.

Speaker 1 (48:36):
After making the news, the newsmakers talk to Ryan first.
It's Ryan Bridge on hither duplicy Ellen drive with one

Speaker 4 (48:47):
They'd be.

Speaker 8 (48:51):
Yether cool, dis.

Speaker 2 (48:56):
Weather, Good evening, great to have your twenty five away
from six. We'll get to the huddle in just a second.
Tim Wilson and Rob Campbell on with us this evening
after six o'clock. Claire Matthews will look at that banking issue.
The government's potentially going to crack down on banks, so
they have to take you as a customer, even if
you're selling oil or sheep milk or whatever it might be,

(49:19):
cow's milk. I mean, just on this. Actually we spoke
to Simon Watts earlier. He's the Climate Change Minister, and
I put to him Federated Farmers reckons that if you
don't meet the climate requirements under the Paris Accord, we
would have to in order to meet them, we'd have
to plant the equivalent of seventy five percent of tartanaki

(49:39):
in trees. And the Minister's office has come back and said,
actually it would be more like twenty five percent of
tartanaki in trees. Does that sound better? I mean, obviously
it sounds better, but does it sound great? Not really.
And regarding the fact that the Climate Change Minister has
not met with Federat Farmers since November of twenty twenty three,

(50:03):
which I think is just weird. I mean, as a
national minister, and he said he grew up on a farm.
What's the harm? Anyway, he hasn't met with them officially
since November twenty twenty three. His office says that he
did some consultation with them through the Ministry for the Environment.
I mean, do you think they've got the plague or something?
Why won't you get in a room with these people?

(50:25):
And he went to a meeting at a woolshed that
was organized by Federated Farmers last year in Blenham, So
I don't know what the allergic reactions about, but it
seems to exist. It's twenty three to six in bredg
Rich Big Day, a furo Wellington rate payer qv have
released the new rating valuations. This is where they officially
work out how much your house is worth for the

(50:46):
purpose of setting rates. And if you've been following the
property market. It won't be a shock to you that
the average Wellington property is worth twenty four point four
percent less than it was when the last set of
evaluations were released in twenty twenty one. It's about twenty
one percent for commercial. Ben McNulty, is they Wullington City
councilor he's with me, Hi.

Speaker 14 (51:03):
Ben, afternoon, Ryan, thanks for having me.

Speaker 2 (51:05):
Does this mean cheaper rates?

Speaker 14 (51:07):
Unfortunately it doesn't. I'd like to say that it's positive news,
but it really doesn't mean much. And that's because the
Council's decided it needs thirteen percent more money from ratepayers
to run the city for next year, which means rates
have to go up to meet that amount. So really
all valuations do is they just shuffle around the balance
for each suburb pays towards that pie.

Speaker 2 (51:28):
So okay, all right, but so you you have your
your number, right that qv number, so that's come down
and then surely then your rates would come down and
you would have to separately declare that you want to
increase it. Is that not how it works? Not really.

Speaker 14 (51:47):
So let's say the city's operating budget last year was
six hundred million dollars. This year, we're saying we need
six hundred and sixty million dollars. I'm not arguingfe that's
wrong or right, just that's the facts laid out. We
have to find sixty million dollars more than we did
last year. So really all it means is that if
city on an average, in the city, the rates, sorry,
the values went down twenty four percent. So if your

(52:08):
house value went down thirty percent, well that's good news
because you'll have a slightly smaller rates increased than if
your house went only down twenty percent. But all it's
quite complicated, but it all just depends how much did
your property decrease versus the average in Wellington, and there's
really only two suburbs, Northland and Strathmore Park. They'll have
increases at the lowest in the city and actually the

(52:29):
rural areas like Market O and Aha you are going
to see the largest spikes. For everyone else, it's going
to be unfortunately, you know, somewhere in the realm of
four to fifteen percent rates increases.

Speaker 2 (52:40):
So not only have you just lost because for many
people their houses their only real asset, right, not only
have you just potentially lost a quarter of your wealth,
you're also going to keep paying fifteen percent more in rates.

Speaker 14 (52:54):
That's the unfortunate reality of living in Wellington. Yeah, I
mean last year the councilor cal and I with different
sides of the spectrum, right, but we try to bring
an amendment to the table saying let's just have an
option of a ten percent rates increase.

Speaker 8 (53:07):
What would it.

Speaker 14 (53:08):
Take to get there? So just a review and the
council voted that down comprehensively twelve votes to six, so
that council as a majority are not interested in looking
at their options for lower rates on the table. They've
just accepted these are the rates increases and Wellingtonians will
have to get Grin and Barrett.

Speaker 2 (53:24):
They're still getting their bike a Golden mile thing.

Speaker 14 (53:27):
They're still getting their Golden mile and oh yep.

Speaker 2 (53:32):
Oh they'll be happy about that. So you're yeah, you're
twenty five percent poorer, your rates are going up fifteen percent,
but you can bike down Lampton Key. Thank you, Ben,
Ben McNulty Runings and City councilor with us this evening
it's twenty to six.

Speaker 1 (53:44):
The Huddle with New Zealand's Tutherby's International Realty, Local and
global exposure like no other.

Speaker 2 (53:50):
Joining me on the huddle this evening is Tim Wilson
from the Maximum Institute. Good evening, Tim, yeay, Ryan, how
are you doing good? Thank you? And Rob Campbell's here
are you teaching up to the former? Healthy ends into you? Hey?

Speaker 26 (54:01):
Rob?

Speaker 4 (54:03):
How are you?

Speaker 2 (54:04):
Yeah? Really good? Thank you. Good to have you both
on the huddle. Let's start as well.

Speaker 10 (54:08):
Just as rolling.

Speaker 27 (54:09):
None of the same thing in Wellington.

Speaker 7 (54:10):
Isn't it?

Speaker 13 (54:11):
Oh my goodness, Yeah exactly. It's the Skolden Mile, not
the Golden Mile.

Speaker 2 (54:16):
It just makes you sad and depressed. And I mean
it's not helped by because there's a whole range of factors,
but obviously the public sector lay offs having a real
effect there. You know, confidence is low. You've got all
of the best cafes closing if they can't stay open.
But they'll turn a corner, they'll turn a corner.

Speaker 3 (54:34):
But will the council turn a corner? That's the question.

Speaker 13 (54:37):
It's like, oh, we put up you know, keep rates
at ten percent, which you could think, oh, even that's
a bit high, given them a property's gone back twenty
five percent.

Speaker 3 (54:44):
No, not interested.

Speaker 2 (54:47):
The thing about Wellington is there's only so much land,
you know, especially around the central city. And a lot
of it that is hilly and you can't build on it,
and then you don't really want to be in a big,
sky high apartment because of the earthquake risk.

Speaker 3 (54:58):
So that's true.

Speaker 2 (55:00):
Long term, I think things are good. If you're a
properly owner of Mellington.

Speaker 3 (55:05):
You're a cheerleader.

Speaker 4 (55:06):
Ryan.

Speaker 2 (55:08):
Hey, let's talk about Order Robin the turnaround plan. They
say they will sell off nine hundred older homes that
are damp and moldy, and we will build newer ones
and we will keep you know, there'll be a net
there'll be no net loss of homes. What do you
make of it? I think, Rob, I think you might

(55:29):
have muted your phone in the meantime, Tim, what do
you think of the plan?

Speaker 13 (55:34):
Yeah, I've done that with my phone and myself a
few times. So look, I was actually really interested with
the cheek.

Speaker 2 (55:43):
Cheek on the button.

Speaker 3 (55:45):
There we go, check on the button.

Speaker 13 (55:46):
Look, I'm actually was interested to hear in the news
when it's like saying, oh, you know, you're crying at
Order the houses are twelve percent more to build, and
then we hear a builder saying, well, that's because they're
better quality than the houses in the market. You think,
oh golly, so why would you buy a house in
the market. I mean, it seems like they're more expensive
to build. They've got two hundred houses in Auckland worth

(56:08):
two million, and fifty eight percent of the demand is
for single bedroom dwellings, whereas only twelve percent of the
capacities there.

Speaker 3 (56:17):
Something definitely has to change with coming of order.

Speaker 2 (56:19):
Yeah, well that sounds like it is, Rob Ryan.

Speaker 27 (56:22):
We need a bigger and better caring or it's very
clear that we are going to need more social housing
and more socially provided housing going on into the future.
To put forward a plan which only produces the same
number of houses is really not addressing the issue in

(56:42):
any way whatsoever. There's nothing wrong with some recycling advent sets.
That makes perfect sense as long as it's done in
an appropriate way. But the underwhelming thing is that it doesn't
recognize any part of the housing crisis there is in
New Zealand availability of housing at reasonable rent to people
who can't afford to buy houses. That's the issue that

(57:03):
we're going to have to address. And this just bypasses
as if it didn't even exist.

Speaker 2 (57:07):
But that's I think that's the point exactly, that the
minister was making in his stand up, he said, fifty
percent of the twenty thousand people who are currently on
the waitlist, fifty percent are already in private housing. It's
just that their incomes aren't keeping up to the point
where they need to be on the list for social housing.
He says, the private housing market is broken and you

(57:29):
need to do a whole bunch of things to fix
the wider market and that will help to alleviate the
social housing weightlist.

Speaker 27 (57:37):
Does he have a point, Well, if he thinks that
there is some way in which the private housing market
is being fixed, it might well be a point. But
we know that's not the case. People are not building
housing for people who are low income earners, and low
income is as we know from recent stats, of falling

(57:57):
further and further behind in terms of the cost of
blue in relative and absolute terms. So the government can't
sort of put these things off and say, oh, the
private sector is going to deal with it. The private
sector will build the houses where it can make money
out of doing show, and at the moment it doesn't
seem to be anyway it makes money out of providing
the sort of housing that we actually need. So no

(58:19):
it's not going He can say that as much as
he likes, but frankly and you said it was at
a standard.

Speaker 10 (58:23):
He must be a stand up comedian.

Speaker 2 (58:27):
Rob Campbell, Tim Wilson on the Huddle Back in a second.

Speaker 1 (58:30):
The Huddle with New Zealand Southeby's International Realty Elevated Marketing
of your.

Speaker 2 (58:35):
Home thirteen to six. Tim Wilson from the Maximum Institute
and Rob Campbell, aut Chancellor and former health ends each
chair on the Huddle tonight. Welcome back guys, So growth,
We're all going for growth. Nikola Willis was on the
show last night and I kept asking her about the
corporate tax rate. Luxe next to Ittal kept going on
about how much we love Ireland. Well, Ireland have a

(58:56):
very low corporate tax rate. It's twelve and a half percent.
Singapore has seventeen percent. Ours is twenty eight percent. The
Minister acknowledged on the show last night we're no longer
competitive on our corporate tax rate. Do you think Tim,
it's it would be a smart idea to move that
rate and try and encourage companies to either set up
here or do more business here.

Speaker 3 (59:18):
Yeah, I think it would.

Speaker 13 (59:19):
I mean we've we've got two issues here in our
Country've got a productivity problem and a capital problem. We're
trouble attracting capital.

Speaker 3 (59:26):
So, like you know, if we.

Speaker 13 (59:27):
Were talking about houses before the way, a lot of
investors do it as they let you know, they buy
a house and let its sleep walk to capital gain.

Speaker 3 (59:34):
That doesn't create dynamism in the economy.

Speaker 13 (59:36):
And so if there's a reduction in the corporate tax,
you would think, well, that might actually divert investment into
more productive and more dynamic as sets companies, et cetera.
Maybe they might even start a company that can build
houses more cheaply, that can assist low socio X.

Speaker 3 (59:54):
But yeah, I mean Ireland twelve point five.

Speaker 4 (59:56):
It's a bit.

Speaker 3 (59:57):
It's interesting.

Speaker 13 (59:58):
Sweden and Norway are those Scandinavians they are always also
called they do it pretty well. Theirs is actually twenty
in Sweden and twenty two in Norway.

Speaker 3 (01:00:07):
Ours is twenty eight. If the Swedes can do it,
one of us rob.

Speaker 27 (01:00:12):
Well, you won't be surprised. I don't agree with that.

Speaker 2 (01:00:15):
When you.

Speaker 27 (01:00:17):
Business, or on people for that matter, you've got to
think about the whole tax burden. Company tax is just
one part of it, and relative to some other countries.
Our company tax burden looked at on its own, is
relatively high. But this is a race to the bottom.
Cutting corporate tax rates is a kind of a game
that can play for a long time before people get

(01:00:39):
attracted here. And it's cutting.

Speaker 4 (01:00:42):
It doesn't it make you think? You know?

Speaker 27 (01:00:44):
These businesses, these capitalists that are supposed to be able
to save us, they need an awful lot of encouragement,
don't they. They won't invest unless they have appropriate rules.
They won't come here unless the electricity is cheap. They
won't build houses unless they get a tax sessions of
their landlords. Now, they won't come here and set up businesses.
And this company tax rate is too low. How come

(01:01:06):
it's them. They're supposed to be the strong element in
our economy. They're the ones that need all the encouragement.
They've got to be coached to do any of the
things that people think they do. Now, you can't coach
people into doing these things. We've got to face the
realities that we need revenue for a whole lot of things,
and if we cut the company tax rate, we will
have to get the tax from somewhere else. And so

(01:01:29):
people just have to be a bit realistic about that.

Speaker 2 (01:01:32):
The idea with the ideas that you will grow right.
I mean, look at Ireland as an example. They literally
have so much tax revenue flowing into their coffers that
they're setting up a sovereign wealth fund to dump it into.
I mean, they're drowning in tax revenue because.

Speaker 3 (01:01:48):
Could they dump it over here please?

Speaker 2 (01:01:50):
That would be nice. But you know what I'm saying,
And aren't we at risk if we turn our noses
up and say, well, the corporates do this, and the
corporates do that. Are we not risk of sitting by
and becoming an economic backwater at the bottom of the Pacific.

Speaker 27 (01:02:05):
Well, you could argue that we are something of an
economic backworder. I prefer to think of ourselves as being
in the center Oceania rather than at the bottom of
the Pacific. But you know, you may have noticed that
Ireland has some advantages that New Zealand has doesn't have,
particularly being parked right next door to the EU, right
next door to the UK, and they have had some

(01:02:29):
positive return from companies going there who would otherwise have
been somewhere else to get to take advantage of the
lower tax rate. And there'll be some New Zealand income
being diverted to major corporations who have a tax base
in Ireland. But believe me, that will change. That moves
around the world as various people try to have these
smart our ideas, and eventually the answer to this is

(01:02:53):
not to chase each other to the lowest possible tax rate.

Speaker 2 (01:02:57):
All right.

Speaker 13 (01:02:58):
I just wonder if if there's a potential for a
general tax tax take increase. My understanding is JFJFK cut
corporate taxes when he came into sixty one in the
Court of the actual total tax take increased in the
United States during the nineteen sixties.

Speaker 3 (01:03:13):
So I think there's lots of facets to this argument.

Speaker 27 (01:03:15):
Well, that was a theory that was floated back at
the time, but it's been pretty much discredited. The idea
that there is some automatic knee jerk response simply doesn't
hold up. There have been one or two instances where
it's been observed, for other instances where that reaction simply
hasn't happened. It depends on a whole lot of other factors.
It's just not an arithmetic outcome, but.

Speaker 2 (01:03:37):
It's sort of a logical one, isn't it. If you
can go and do business somewhere cheaper, then you would
because you'd make more money and in the process we
would have more money.

Speaker 27 (01:03:47):
And look, if we lower our tax rates, we will
get some more people here. If we lower our electricity
prices and subsidize, then we might even get an alumenium
smelde here. Oh hang on, we've got one. If we
do various things. Yes, we can get things here. We
can get people to come here. Will we as New
Zealand benefit from it other than an arismetic uptick in GDP?

(01:04:08):
Will we benefit as a society from It's entirely a
different question.

Speaker 2 (01:04:11):
All right, hey, very quickly. This real estate agent Janet Dixon,
she's lost her court battle after she tried to get
out of doing a Malti course in Wellington, and basically
she's been found that it's been found that her license
was revoked and that decision is staying. Got any reaction
to that, Tim, Yeah, well, I.

Speaker 13 (01:04:33):
Was glad to hear Rob saying that coaxing doesn't work.
I don't think coercion works. E that it's an interesting
notion that compelling people to take treaty t kungaterreo courses
will improve relations and understanding of the treaty. Compulsion just
doesn't work for some people. We saw that during COVID mandates,
and it's interesting the Real Estate Authority has recognized this

(01:04:53):
because that course is no longer mandatory.

Speaker 2 (01:04:56):
Exactly. The law has been changed since then, since this
decision came out today. It was sorry, i should say,
in the interim between when the case was taken and
the decision was made public today, Tim, thank you very
much for coming on. The show. Is always Tim Wilson
from the Maximum Institute and Rob Campbell, the aut chancellor
and former Health end Z chair. It has just gone
six to six news TALKSB.

Speaker 1 (01:05:17):
It's the Heather dupas Allen Drive Full Show podcast on
Myheart Radio, powered by News TALKSB.

Speaker 2 (01:05:25):
It has just gone four minutes away from six. Coming
up after six. Well, we've got the business now, so
much to get through, and I want to talk to
you about Brad Olsen's going to be on the show
Treasury warning about the public service. We'll get on to that.
We're also going to talk to Claire Matthews about this
idea that we can force the banks to lends to

(01:05:46):
We will anyone and everyone we want them to and
I'll finally get to that Briscos group. Near flat year
for Briscos, the numbers for.

Speaker 8 (01:05:54):
You after this, What's up, what's down?

Speaker 1 (01:06:21):
What with a major calls and how will it affect
the economy? The big business questions on the Business Hour
with Ryan Bridge and Mass Insurance and investments, Grow your Wealth,
Protect Your Future News talks at be.

Speaker 2 (01:06:36):
Good Eyning It is six oh seven. Great to have
your company. Brad Olsen coming away shortly the spending and
cutting Treasury reports. Jamie McKay from the Country will join
us to talk about that. Interview with Simon Watts. Also
rockstar economist Paul Bloxham. He reckons the Aussies will get
a rate cut this month and we're in London for
the Reform Party revolution in the polls right now, it's

(01:06:58):
time for banking. The prime and has joined the Shane
Jones chorus of banking critics, suggesting the government will soon
look to make banks lend to customers that they don't
want to lend to.

Speaker 18 (01:07:08):
It's utterly unacceptable, utterly unacceptable, and that's what we've got
to change. And we've made it very clear in our
comments and I hope the bank CEOs are noticing our language,
which is you've got to finance things that Kiwi's need
and not financing service stations or coal companies. Those are
things that New Zealan needs. And so whether it's been
the benz On service stations or any of the other banks,
their job is not politically posturing. Their job is to

(01:07:30):
finance the things that kiwis need. They don't want this
political posturing going on then, Zen, you know they want
to not fund service stations in provincial New Zealand for example, Well,
we've got two to three percent electric vehicle penetration at
the moment. It ain't going to change in a hurry,
and frankly, that's not their decision.

Speaker 2 (01:07:44):
Now. The Prime Minister is using some rhetoric here, but
he hasn't actually said he's going to change the law. However,
there are some who think you might be edging towards it.
If Shane Jones, who is a private member's bill, will
that be enough clear Matthews? Is the university banking expect clear?
Good evening. Can the government force banks to can you

(01:08:08):
regulate and say you have to take this customer or
that customer?

Speaker 20 (01:08:12):
Absolutely? If if the government wants to put regulation in place.
That is an option available to them, But I would
caution them to think about what are the unintended consequences
of doing that.

Speaker 2 (01:08:24):
We're worth very little to them, aren't we. I mean
would they do You think they'd pull out if we
said you have to you have to lend to every
petrol station, every dairy farmer, every mine that they would
throw their weight around.

Speaker 20 (01:08:38):
Absolutely. If the government starts telling the banks what they
have to do, then it is very much open to
the banks to say, actually, it's too complicated. You're dictating
too much what we can and can't do. And therefore,
you know, the reality is the Zellan market is not
that important to us. We're going to withdraw it, and
good luck to you in terms of getting the economy

(01:09:00):
operating without banks.

Speaker 2 (01:09:02):
Why isn't there a bank that turns up in a
situation like this and says, hey, I'll lend to those people.

Speaker 20 (01:09:09):
Well, I think that actually tells you about the desirability
of lending to them, because if there was a desirability
of leading to them, somebody would do just that. One
of the issues is that while this government appears to
be somewhat more in favor of fossil fuels and those
types of energy sources. We've seen just recently a government

(01:09:33):
that was trying to move away from that. And so
the risks at the bank's face if they get too
involved in providing lending and banking services to those types
of entities is that in three six years time, another
government comes in and says, actually, we're going back to
what the labor government was doing in their last term.
We're going to move away from fossil fuels, and the
banks could end up with a lame duck customer and

(01:09:57):
considerable loss.

Speaker 2 (01:09:59):
Could governments regulate to say just on Kiev Bank and
say you have to take you know what you have
to be basically the orphanage for all those who are
rejected by the big banks.

Speaker 20 (01:10:11):
Absolutely, and to some extent that's one of the things
that Keevy Bank was talked about being not just for
businesses but for all sorts of customers. But again you've
still got the risk that if in doing that, okay,
Kevy Bank may not move out of the country because
obviously they'll continue to operate, but there's a risk to
the government and that if it all turns to custom

(01:10:34):
that they're going to have to bail out Kivi Bank.
It's also the risk that well, not so much the risk,
but there's a question as to where the Key Bank
has the facility and the resources to be able to
actually take on many of those customers in the short term.

Speaker 2 (01:10:50):
The Prime Minister says that the banks are listening to
his rhetoric. Do you think they do pay attention? When?
I mean the thing is, it's not just Chrystopher Lux
and it's been Nicola Willis before that. It was just
in the return and Chris Hipkins and anyone who's in
power just sort of bashes them with a big stick,
and the media almost is like a part of national
cathartic pastime. Do you think they care?

Speaker 7 (01:11:14):
Oh?

Speaker 20 (01:11:14):
Absolutely, they care, and they pain in close attention to
what was being said, and they will be considering their response.
So I'm confident that they are listening, that they are
taking notes, but their response may not be the response
that the government is looking for.

Speaker 2 (01:11:29):
Clear Matthew's banking expert Messi University thinks, so much of
your time, It has just gone twelve after six, brad Olsen.

Speaker 1 (01:11:34):
Next, it's the Heather Duper c Allen Drive Full Show
podcast on my Heart Radio empowered by Newstalks EBB. If
it's to do with money, it matters to you.

Speaker 8 (01:11:46):
The Business Hour with Ryan Bridge and Theirs.

Speaker 1 (01:11:50):
Insurance and Investments, Grow your wealth, Protect your future.

Speaker 2 (01:11:54):
Newstalks EDB Quarter past six on News Talks ZB. Briscos
Group has released their numbers for the year to January.
This is coming out from their quarter fall release. They
haven't quite confirmed the numbers they're audited at this point,
but the long and the short of it is that
their sales were flat, so seven hundred and ninety one

(01:12:14):
million dollars. That's not that much below their record of
seven hundred and ninety two million dollars for the previous year.
And given the mortgage interest rate situation, the inflation situation,
the problems that retail has been having very difficult conditions,
it's not something to be scoffed at just to be flat.
They say that there was a pickup in particular in

(01:12:35):
the last quarter for Brisco's and for Rebel Sport, which
come under Brisco's Group, and the managing director, Rod Jerke,
this is where it gets bad, says, we believe the
difficult retail environment will continue into the twenty twenty five
calendar year and expect the group's first half to be
especially challenging. Sixteen after six Ryan Bridge, Treasury and Wellington

(01:12:56):
has worn the government might have to reduce public services
if it wants to stick to its spending plans. It's
also forecasting that we won't get back to surplus until
twenty thirty one. The Finance Minister Nicola Willis decided not
to publish Treasury's long Arrange forecasts in December, saying the
projections were highly uncertain infimetric's principle. Economist Brad Olson is

(01:13:17):
with me, Hey, Brad, good evening. Are they highly uncertain?

Speaker 15 (01:13:23):
Oh, the projections are always highly uncertain, But I don't
think that's a reason not to publish them. With the
fiscal strategy model, I mean that is important for us
thinking about where things go next. The Government of the
day never sets out policy for the next fifteen years,
or if they do, they can't realistically believe that they
will actually achieve that for the next fifteen years. Everything
is sort of up for grabs over that sort of

(01:13:44):
period of time. So it's a little bit frustrating that
the Government of the day didn't want to publish those
figures because we do use those as forecasters as models
to try and understand a bit where things are going.
But suffice to say the Treasury has highlighted in there
that it's very difficult on the current settings to have
effectively the same size of government, but also with the

(01:14:06):
sort of levels of spending that the government wants to make,
and that is a difficult challenge the government has is
that on current settings we're spending a lot more than
the government is earning. That means we're in deficit. That
deficit will last for longer. And you can either grow
your revenue or you can cut your expenses, and there's
no really other two ways around it.

Speaker 2 (01:14:26):
And the problem with cutting you with cutting your revenue,
I tax cuts, And we had Nikola Willis on the
show last night talking about the potential potential for corporate
tax cuts or for fastest depreciation on manufacturing technology, which
I think is something that I really think is something
they'll look at. That stuff costs money in the short term,
but it takes a while to pay off in terms

(01:14:46):
of growing the pie, isn't it. It does?

Speaker 15 (01:14:49):
And it also I mean it's locked in. It's not
like it's just a one year change. You know, if
you change corporate tax settings or depreciation or similar, that's
a long term, each and every year thing. It's also
clear though that the government does need to consider some
of those I mean, you look as well at the
likes of investing Z and trying to get more investment
into the country from overseas. Definitely an area that I'd support.

(01:15:11):
You know, economically that's critical, but it's harder to sell
to overseas when we have a corporate tax rate at
a higher level than many other jurisdictions globally. You know,
people will focus a little bit more on what sort
of texts they have to pay on the profits that
they make. But like you've highlighted that if you change
too much on the revenue side, you make what is
already a very difficult set of circumstances even more challenging.

(01:15:34):
And so for the government, you know, they're having to
think about not only the sort of size of investments
that they're making in the short term and that the
size of you know, budget surpluses are budget allowances rather,
but also longer term. Treasury highlighted that the current large
levels of infrastructure investment that we need to make as
a country which I'm pretty sure everyone is broadly on
board with. They say, given how high those are, the

(01:15:57):
operating cost of having so much additional new structure is
going to cost us big in the long term as well,
So we really are now facing some pretty thorny economic
and fiscal issues.

Speaker 2 (01:16:07):
How you're about to go to Shane Jones's party, I
hear have fun. Indeed, thank you very much. That is
Brad Olsen's coming to us from the winterless North. Just
I think was almost outside the party as he took
our phone call. So good on your Brad for giving
us your time, even though you could be having a
bear with Uncle Shane. Nineteen minutes after six, you're on

(01:16:30):
news Talks here b Jamie mcharr from the country.

Speaker 8 (01:16:32):
Next the rural report on Heather do for see Allen Drive.

Speaker 2 (01:16:38):
Twenty two minutes after six, Jamie McCarry from the Countries
with us. Good evening, Jamie. Great to have you on
the show as always. What did you make of the
climate change Minister Simon Watts on the show earlier?

Speaker 7 (01:16:52):
To be honest, I found them a wee but underwhelming
and not really convincing I think for Christopher Lux and
wanted someone to explain why we need to meet emission's
targets and stick with the Paris Court. He should have
put he should have put up Miles hur or someone
from the industry who can talk the talk. No, look,

(01:17:14):
Simon Watts and the fact that he hasn't met Federated
farmer since November twenty twenty three is a bit of
a damning one from the outside looking in. And I
can only judge from the outside looking and on the
Swan Ryan, he's a bit like the guy Matt Doocy. Underwhelming.

Speaker 2 (01:17:31):
Yeah, I was quite surprised, to be honest, not so
much with the content but the meetings. I mean, why
you're a national minister. You grew up on a farm.
He was quick to say that, you know, why have
you not met directly with them since November twenty twenty three?
What on earth is that about?

Speaker 27 (01:17:48):
You know?

Speaker 7 (01:17:49):
Yeah? Well absolutely, And then he couldn't really explain how
they were going to meet these targets. Where she was
She sort of excuses, Look, I'd go back a step
Ryan and say we need to revisit this. And I
know that it was something that Damian O'Connor, to be
fair to him, was looking at and this is the
fact that you know, the solution partly lies in the

(01:18:11):
fact that a lot of farmers a carbon positive. Anyhow,
what we need to do is recognize all the carbon
that's being sequested on farm and then we can offset
that against the emissions. The problem in my mind, and
I left science behind in year on the fifth form,
what's that year eleven?

Speaker 6 (01:18:28):
Ryan?

Speaker 7 (01:18:28):
Honestly, the problem in my mind isn't ruminants ruminants omitting methane.
It's man burning fossil fuel, simple as that.

Speaker 2 (01:18:37):
Hey, what's going to happen with the global dairy trade
option tonight?

Speaker 7 (01:18:42):
Well, hopefully it's a good one. Another good one, Ryan,
because we had a good one a couple of weeks ago,
or our second one in January. So the guy I
talked to him as Mike McIntyre at Jardin, I'll give
him a shameless plug and this is what he had
to say, that they're expecting another good lift tonight, maybe
four or five. And the interesting thing is that futures
markets for this season are sitting above ten dollars, remembering

(01:19:05):
Fonterras at ten dollars for US milk price for this season.
But the futures markets for the coming seasons twenty six
and twenty seven are creeping up as well. Nine dollars
eighty two and nine to twenty seven. That's good money,
a long long way out, and what Mike McIntire is
saying is that another good option tonight will see us

(01:19:28):
break through that ten dollars barrier for the twenty five
twenty sixth season, which would be an excellent forward looking
picture I think for Dairys Farmers.

Speaker 2 (01:19:39):
Yeah, no, we'll really look forward to that result. I
always do the National Lamb Day next week. What happens
on National Lamb Day.

Speaker 7 (01:19:45):
Well, hopefully we all eat some lamb and we follow
what the Aussies do on Australia Day. They do a
great job of promoting it and eating it and we
need to do it and we're doing. We're doing National
Lamb Day on February fifteenth. The reason that dates Chowse
and Ryan is because that was the day in eighteen
eighty two when the Good Ship Dunedin left Porch Armers

(01:20:06):
with the first frozen lamb shipment. Although to be honest,
there was a lot more mutton on board than the
Wad's lamb, but there was also pegs hair, pheasant turkey,
twenty two hundred and twenty six sheep tongues. I'm not
sure who counted all of those, and two hundred and
forty six kegs of butter, so you could say it
wasn't only the birth of our frozen meat industry, it

(01:20:28):
was the birth of our export dairy industry. Look, it's
a great story, Ryan. It arrived in London ninety eight
days later after an air circulation problem in the frozen
hold had to be overcome en route. Apparently they lowered
the captain down with the saw and he had to
saw a hole between two of the holds to try
and get the air circulating down there.

Speaker 8 (01:20:50):
And when they.

Speaker 7 (01:20:51):
Got to London after ninety eight days, way back in
eighteen eighty two, of those more than five thousand carcasses,
only one what's not fit for sale?

Speaker 2 (01:21:01):
What a great story, brilliant story, Jamie. Thanks for sharing
that with us. Jamie McKay from the Country National Lamb
Days next week, get your get your lamb chops out.
I had some beautiful lamb chops on the weekend. Actually,
all that fat. Some people put the fat to the side.
I'm like, I'll have that. Give me your fat twenty
seven after.

Speaker 11 (01:21:20):
Sixee stay, oh aren't you I need you old gird uh.

Speaker 8 (01:21:30):
Need it is beautiful, says it.

Speaker 1 (01:21:34):
Oh, crunching the numbers and getting the results. It's Ryan
Bridge with the business hour and mass insurance and investments.

Speaker 8 (01:21:42):
Grew your wealth, protect your future.

Speaker 11 (01:21:44):
The news talks, that'd be pretty fine.

Speaker 28 (01:21:49):
Ain't let that can make this come on that side
by myself.

Speaker 11 (01:21:53):
Don't let you help me myself pity every week if
you comes.

Speaker 2 (01:22:04):
That it's twenty five away from seven on news talks,
they'd be great to have your company this evening. Lots
of texts have coming on lamb because next week is
National Lamb Day and we should celebrate it. As Jamie
McKay from the Country said, this is funny because I said,
I eat. Anyone who doesn't eat the fat off the
lamb and just leaves it on the side of their
plate is wasting a good thing. And I always say

(01:22:26):
that I'll eat your fat. I'll eat your lamb fat.
And Judd's text and say, Hi, Roan just wanted to
say you're not alone. There are other I'll eat your
lamb fat people out there too. Welcome to the club.
So that's nice to know there's a little community. This
is from Bob. Shove your lamb. I'll eat the older
stuff with the flavor and maybe have a glass of
mint and some Southern comfort with it. Bob, you don't

(01:22:47):
have to do what we say. You know, just because
you're listening and someone says it's lamb eats and lamb,
you don't have to do it. Okay, there's no law.
You won't be shot the numbers of text and drawing
your t thisce evening twenty four.

Speaker 8 (01:23:01):
Away from seven Ryan Bridge.

Speaker 2 (01:23:03):
Time now to catch up with rockstar economist HSBC's Paul Bloxham.
The Australian Financial Review has just named him the best
economic forecaster in Australia for calling every decision by the
RBA correctly last year. They didn't charge the change the
OCR the entire year, so he basically had one answer
the whole time. Paul Good, Evening, Good, I how much

(01:23:25):
did you pay the Australian Financial Review.

Speaker 19 (01:23:29):
No, it doesn't work that way.

Speaker 20 (01:23:31):
It doesn't work that way.

Speaker 19 (01:23:32):
But it's a very very nice bit of recognition that
we're very appreciative of. As you say, we had the
view all through last year that the RBA wasn't going
to be able to cut interest rates, and I think
we got there for the right reason. We talked a
lot about the fact that productivity was weak and that
the supply side of the economy was still constrained, and
that that was the primary reason they just won't good
to get there. So it's nice that for that to

(01:23:54):
have turned out to be right.

Speaker 2 (01:23:56):
Yet you are expecting a cut this month, that's.

Speaker 28 (01:24:00):
Right, we do.

Speaker 19 (01:24:01):
We think the RBA is going to be able to
cut interest rates this year, and that view again, we've
had that for a while and we now think it's
likely to be at their meeting that comes up in
a couple of weeks times, so the February meeting. And
you know, part of the story there is that inflation
has gradually headed towards the RBA's target. It's moving a
little bit faster towards their target than they had anticipated

(01:24:23):
late last year. And in addition to that, we've got
global risks as well that we you know, we can
see playing out every day at the moment in terms
of the global trade developments, in US policy developments and
so on. So we think that's going to factor in
a little bit as well. And all in all, we
think the RBA is going to be able to start
to be able to lower its policy rate deliver a
bit of support for the economy.

Speaker 2 (01:24:44):
How is Australia going to be impacted by Trump? Well,
I mean we say Trump's terrorists, but he's put them
on and then he's taken them off already within the
space of twenty four hours, and they're at the negotiating table. So,
as best you can crystal ballgay is about what impact
it could have.

Speaker 19 (01:25:00):
Well, I think the first thing we know is that
it's creating uncertainty. I mean, that's quite clear from just
the way you described it. And that uncertainty makes it
you know, means that I think overall it is it
is a downside risk for global growth because uncertainty means
that it's more difficult to make investment decisions, it's more
difficult to make decisions in general. And I think this

(01:25:22):
story has got further to play out. So I think
that possible downside risk to global growth is something we
need to factor in in terms of thinking about what's
going on. That said, you know, what happens in terms
of US policy is not the primary driver in terms
of its US effect. On the effect on the US
economy on Australia or New Zealand. That the primary question

(01:25:42):
is what the policy changes that affect China and then
how does do Chinese policy makers respond, And that's something
we're also watching play out at the moment, and we'll
just have to see how that plays, because that's the
most important feature factor in terms of driving what happens
in Australia and New Zealand. They are you know, Asia
is our major out of trading partners.

Speaker 2 (01:26:01):
Yeah, true, and so far they've just been making noises
about going to the wt O that kind of thing.
But yeah, it has the potential to get quite gnally.

Speaker 19 (01:26:11):
I think it's going to be very very interesting times
to watch what's going on, and it's going to be
difficult to navigate how in terms of in terms of
how you think about these various developments. But you know, nonetheless,
I think I think, obviously it's what's happening, so we
need to keep that in mind, and I think, as
I say, we need to watch out for what happens
in terms of policy developments, not just in the US

(01:26:31):
of course, but what the retaliation is from other countries
and particularly in Asia.

Speaker 2 (01:26:37):
Nice one, Paul, thank you very much for that. Enjoy
the award. Did you get a trophy or something for
that or just a nod in the paper?

Speaker 19 (01:26:43):
Just a nod in the paper.

Speaker 2 (01:26:44):
That's enough, Thanks Paul. Thanks for that. Paul blockxam with HSBC.

Speaker 27 (01:26:49):
Now.

Speaker 2 (01:26:49):
The reason we call them the rock star economists. You'll
probably know this, but back in the day when John
Key was in power, he declared that we have the
rock star economy of the world. Has since done many,
many interviews and every time he comes back for an interview,
the poor guy. We used to do it on Telly
as well, So what is it? What's your new label
for our economy? And he have to come up with
some stupid name just just to try and compete with

(01:27:11):
the first one he gave. By the way, they've never
been as good since, have they. It's just gone twenty
away from seven on News Talk CB. What's happening in
the UK is fascinating. You've got reforms, so you've got
your two big traditional legacy parties for want of a
better term, and then you've got your reform party. Now
Labour's only just been voted into power over in the UK.

(01:27:35):
They've been in governments since June July last year, and
already you've got this third runner, Reform overtaking labor in
the polls. We're going to talk to Ende Brady about
that next.

Speaker 1 (01:27:50):
Whether it's macro micro or just playing economics. It's all
on the Business Hours with Ryan Bridge Cans Insurance and Investments,
Your Wealth, Protect Your.

Speaker 2 (01:28:01):
Future, seventeen to seven on News Talk SAB. I'll tell
you about Greenland, what's going on there. Obviously they're worried
about Trump taking over, so they are taking some action
in their country. We'll get to that shortly. Also, all
of the protesters from all of the universities in the
US who were going about Gaza, the pro Palestine versus

(01:28:23):
the Jewish side. He's taking action on that too, So
we'll talk about that a little bit later on. Right now, though,
we're going to the UK. Ind Brady is our UK
correspondent into Good evening.

Speaker 25 (01:28:33):
Hello, Ryan, lovely to speak to you again.

Speaker 2 (01:28:35):
Great to speak to you.

Speaker 4 (01:28:36):
Now.

Speaker 2 (01:28:36):
Nigel Farage and his crew, the Reform Party, they have
managed to top a national poll for the first time.

Speaker 25 (01:28:45):
They have and this is very very significant because they're
not really up and running that long. They've only got
fave MP's it's basically Farage and four other blogs. They're
all middle aged men mostly, and you know they're new
on the scene and they have really really set the
cat amongst the pigeons here this morning. So up until now,
Reformers seen as a threat to the Conservatives. It's a

(01:29:08):
right leaning party, they have right wing policies and the
feeling politically was that the people they would be taking
votes from would be the Conservatives. And now nationwide they're
one percentage point clear of Caer Starmer's labor. So Reformer currently,
if disposed to be believed on twenty five percent, labor,
are on twenty four and the Conservatives have collapsed to

(01:29:30):
twenty one percent. So Foraj has a spring in his step.
He has already made it quite clear that in four
years time he wants to be strong enough to run
for prime minister. So they've certainly got the money, they've
got the publicity they always get in the newspapers and
on radio and TV. But I think what they need

(01:29:50):
to do now is start finding candidates. You know, they
need to be in a position where they will have
not just dozens of people in constituency one hundreds nationwide
if they're.

Speaker 4 (01:30:00):
To be serious.

Speaker 25 (01:30:01):
But right now I would imagine Keir Starmer is very
concerned because clearly this is an indictment on his first
seven or eight months in office and his policies.

Speaker 2 (01:30:10):
Two questions, is the pole legit and could we see
Conservatives start to change their allegiances.

Speaker 25 (01:30:19):
The poll certainly is being taken seriously. All the major
news outlets are carrying it, so it is legit. But look,
we're four years out from another election, so the polls
come and go. Let's see how people feel in four
years time Conservatives. I think people will start leaning towards
Forage because there's no great love for this new Conservative leader,

(01:30:41):
Kenny Badenock. She's taking her time to bed in and
make her points and I'm just not sure she will
be around them four years time. Forage is adamant he
will be, but it's I think the problem today is
for Keer Starmer that if these reform figures are to
be believed, he's eat into Labor Heartland's support in the

(01:31:02):
North of England, which and the particularly amongst the working class.
Labor has always prided itself on being a party of
the working class, and Forage privately educated former hedge fund
manager and stockbroker, you know, forarage, and yet he's able
to punch through and talk to working class people. It's fascinating.
What's going on.

Speaker 2 (01:31:23):
Sam Kerr, the Yussie footballer, expected to give evidence later today.
What's happening in court?

Speaker 25 (01:31:29):
So this would be a big day for Sam Kerr
in this trial. It's scheduled to last four days. Today's
day two and she will be giving evidence in her defense.

Speaker 8 (01:31:38):
Now.

Speaker 25 (01:31:39):
The trial got underway yesterday kings to the Pontames Crown Court.
It goes back two years end of January. Two years ago,
she was on a night out with her partner who
plays soccer for the United States. Alcohol was consumed and
there was an incident in a taxi where the taxi
driver claimed his window had been damaged. He then rang
the police and the police said, okay, don't drop them

(01:32:00):
to their address, come to the police station. And at
that point stepped forward PC Stephen Lovell. He said in
court that he witnessed car crawling through the rear window,
getting out with the taxi via the rear window which
was broken. He takes her into the police station. All
of this is on body cam about thirty minutes of

(01:32:20):
body camera footage was shown to the court. Now the
criminal damage arrest was sorted out on site because she
agreed to pay for the damage to the window, the
taxi driver claiming that she had actually shown him her
bank balance to prove that she had enough money, and
the taxi driver claiming that he felt this was done
to belittle him, the police officer saying that someone like

(01:32:40):
him would never have seen that much money in his life.
So whatever has gone on, she stands account of racially
aggravated harassment of a police officer because what she said
to PC Levell was that he was quote, I won't
use the square word stupid and white, and she said
that three times on the bodycam footage that was played
the court.

Speaker 2 (01:33:01):
Not great luck is that the Princess not Wales hes
speaking of great looks, though, Princess of Wales has released
a new.

Speaker 25 (01:33:08):
Picture yes since her in forest looking radiant sunshine coming
down and she has released this to mark World Cancer
Day and a lovely twist. The picture was taken by
her son. Prince louis everyone's favorite little royal real character
and he certainly has his mother's talent for taking pictures

(01:33:29):
because we know she's an accomplished amateur photographer and there
is nothing wrong with what Louie has taken off his mum.
It's in all of the pic the newspapers today this picture.
So good on him and good on her, and I
think you know what we're seeing the new generation of
royals and how they communicate, and you just think even
ten fifteen years ago they were not doing anything like this.

(01:33:50):
Kate really driving the agenda here.

Speaker 2 (01:33:54):
In the Thank you so much for that. In the
Brady a UK correspondent with us from London. It is
living minutes away from si'clock. You're on News Talks dB.
When we come back, I'll fill you in on both
of those things, both Greenland but also Trump and his
cracked down on the universities and well, I guess it's
not a crackdown, but it's a response to what happened
at the universities over the protests to do with Gaza.

(01:34:15):
That's next.

Speaker 1 (01:34:16):
It's the Heather to for See allan Drive full show
podcast on iHeartRadio powered by News Talk ZB.

Speaker 2 (01:34:24):
Eight to seven on News Talk ZB. The Tobot Mills poll.
This has got This is Labour's Polster two, by the way,
but it's got Labor on thirty four percent. That's up
three percent. National on thirty three, so trailing the Labor Party,
a Labor ahead of National by one percent. And then
you've got the Greens on twelve unchanged, the Act Party

(01:34:45):
on nine down one, New Zealand first five point two
down point six, the Malordi Party on four point six
down zero point five. So basically Labor ahead of National,
which is the first time that's happened in a long time.
In this poll, the Left block able to form a
government on their own. Luxen twenty four percent, preferred Prime

(01:35:06):
Minister Hipkins twenty five percent. Now do I think that
these numbers would bear out if we actually had a
vote and in an election tomorrow now I do not.
Also just generally on polls, and we've just been picking
the edde Brady out of the UK, that Reform Party
outpolling the Labor Party. They just got elected, for goodness sakes.

(01:35:27):
I mean, I've barely been in power a minute and
they've been outpolled by a party that's been in existence
for about the same time. I just think at the moment,
and same goes with Australia you know, Albanize has been
in there one term. He's about to get turfed out.
I just think at the moment, people are fed up,
generally fed up with politicians who were in government because

(01:35:47):
of the cost of living, because of the interest rates,
all of those things. And Greenland they are changing their laws.
So you know how Trump's threatened, be it tangan cheek whatever,
threatened that he might take over Greenland. They are now
banning all political donations because they're going to the polls soon,
banning all foreign political donations to try and protect it

(01:36:08):
from any influence like Elon Musk or Donald Trump that
they might try and have something to do with the elections.
It's actually a really interesting case study because then it's
owned for one of a better term Denmark Greenlanders, and
so you've actually got independent people in Greenland going this
is a good thing that Trump wants us because it's

(01:36:30):
leverage that we can use to get concessions out of Denmark.
So there's all sorts of political games going on there. Anyway,
they've changed their laws so you can no longer donate
as a foreigner to any election campaign in Greenland. Thanks Trump.
Coming up to seven o'clock on News Talks, theb and
It's what are We Going Out to Tonight?

Speaker 26 (01:36:50):
Summer of sixty nine by Brian Adams to play us
Out tonight. Brian Adams will be taking the stage at
Spark Arena in Auckland at nine pm tonight, so not
too far away. His support James Arthur, will be taking
the stage in about five minutes, assuming things run on time.
And I don't think I've ever been to a concert
where everything ran on time, but that's when he should
be on stage, So get down there really quickly if
you've got a ticket. Apparently the two shows these two

(01:37:12):
played in christ Church absolutely went off, so should be good.

Speaker 2 (01:37:15):
Brilliant, great day everybody. Thanks for all of your texts
and your emails, really appreciate it. We'll do it all
again tomorrow from four here on Newspork.

Speaker 28 (01:37:24):
Kid People and now dot s you.

Speaker 17 (01:38:14):
Get things talent down, chances say that using.

Speaker 28 (01:38:21):
That's a mother one bothers Sola a cold Yeah.

Speaker 1 (01:38:47):
Back for more from Hither Duplessy Allen Drive. Listen live

(01:39:36):
to News Talks it'd be from four pm weekdays, or
follow the podcast on iHeartRadio.

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