Full Show Podcast: 22 May 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
How is the economy shaving up? Who is raking in
the cash and who will be disappointed on the time
to crunch the numbers and find out how it affects you.
You you, It's head a duplicy Ellen Drive Live from
Parliament for Budget twenty twenty five with one New Zealand
used talks at BEHA.

Speaker 2 (00:22):
This is a responsible budget to secure New Zealand's future.
It continues this government's investment in health, in education and
law and order.

Speaker 3 (00:33):
This was a scramble without the lollies, a budget that
has scrambled the government's finances.

Speaker 2 (00:41):
It contains savings of five point three billion dollars a year.
A significant portion of those savings come from changes to
the pay equity raging.

Speaker 3 (00:51):
This is the budget that will be remembered as the
budget that left women out. This is the budget that's
said to work ki we woman, they are worth less.

Speaker 4 (01:03):
It's a budget that, despite a very difficult international backdrop,
charts a responsible pathway back to a surplus. And it's
a budget about growth that is ambitious for New Zealand.

Speaker 5 (01:16):
All right, good afternoon and welcome to the program coming
up today. We will have all of the reaction to
the budget for you, including, of course from the woman
who wrote it. That's Nichola Willis. She's with us after five,
Christine Rankin on taking the dole off teenagers, and former
RABBITO George Burgess, who's here for the run at event
on why does that these guys run at each other?

Speaker 6 (01:32):
It's heller do for see Allen.

Speaker 5 (01:34):
Look, I don't want to have to start the show
on a bum note. But if you share my view
that this country isn't a hot mess financially, then this
budget is underwhelming, I would say. Or you could say
it's disappointing, or you could say it doesn't go far enough.
You can pick your epithet. It's called the growth budget,
but I mean find the growth in it. For me,
there is no growth here. The only growth that we
can see is as the result of a tax incentive scheme,
which is a good idea but just doesn't go far enough.

(01:57):
It lifts GDP by get this one percent over twenty years.
So what is that when you split it twenty ways?
Is that growth or is it now just a rounding eerror?
In fact, the budget is full of this kind of thing.
It's good ideas, yeah, good ideas, but only half baked.
Cutting eighteen or nineteen year olds off the dollar, making

(02:17):
the parents take responsibility is a great idea, but it's
so full of loopholes. You can already see exactly how
these kids are going to get around the rules and
stay on the doll Cutting the government care, we save
a contribution to rich people, exactly what should happen, but
it should be cut to everyone. The gas exploration money
exactly what needs to happen. But it's tiny. I mean,
it's a couple of hundred million dollars in an industry
that talks in billions five billion dollars worth of savings

(02:40):
and cuts, which are small beer. That's the same amount
that we rack up five billion is the same amount
that we rack up in interest payments on our national
debt in just seven months. So if you were hoping
for something to turn the ship around, something that supercharges growth,
something that slash is spending or really gets us out
of this financial trouble that we're in, this is not it.
This is ab have good ideas that do not go

(03:01):
far enough.

Speaker 6 (03:02):
Ever, Duplice Ellen.

Speaker 5 (03:04):
Let's get our first response to the budget. We have
a labor leader Chris Hopkins and studio with me.

Speaker 7 (03:09):
Hey, how are you going?

Speaker 8 (03:09):
Hey?

Speaker 9 (03:10):
Look it, make a note of the date and time.
There are a couple of things that you just said
that I agreed with here that okay, I don't think
that's ever happened before.

Speaker 7 (03:16):
I think it was underwhelming.

Speaker 9 (03:17):
If you're actually wanting a long term vision for the
future of the country, there's no question on that. You know,
parks a whole lot of the big challenges the country
faces further into the future. Some of the things you
said I didn't agree with, but you know I agreed
with you on.

Speaker 5 (03:28):
That, okay, So what did you not agree with me on?

Speaker 9 (03:32):
I mean, I think if you look at oil and guests,
for example, two hundred million dollars of oil and guess companies,
you're right in one respect, it is a small amount
of money relative to them. But it's also the government
taking on some of the risk for something that may
never actually eventuate. So it's a government saying, yeah, go drill,
we'll pay for it if nothing.

Speaker 5 (03:47):
Advent or we'll pay for some of it's taken it.

Speaker 9 (03:50):
But actually there's no guarante they're going to find anything.
You know, the last twenty years they've been looking. They
haven't found a commercially commercially developable find over the last
twenty years. So it's potentially the government just flushing twenty
million dollars down two hundred million dollars down the drain.

Speaker 5 (04:05):
Perhaps, So it also ties your hands though, doesn't it.
I mean the reason they're having to do this is
because what this does is it ties your hands should you,
guys win an election substage in the future, you can't
get rid of the gas exploration.

Speaker 9 (04:15):
Not necessarily. I mean we'll cross that bridge, will we
come to it. But I mean I think.

Speaker 5 (04:19):
You're not going to flush that money down the toilet.

Speaker 9 (04:21):
Hey, we've got an abundance of energy. Two, We certainly do,
and we have a lot of coal. Now, we've got
an abundance of renewable energy. One area where I do
agree with Shane Jones supercritical geothermal. So that's basically the
steam under the ground. We've got an abundance of that,
and if we can clock the technology on that, we're
sorted as a country. So actually, I think that frankly,

(04:43):
if I was putting two hundred million dollars into some
big bold energy thing, I probably put it into.

Speaker 7 (04:47):
That, not a to oil and gas.

Speaker 5 (04:48):
Okay, what did you make of taking the doll off teenagers?

Speaker 9 (04:51):
Oh, it's basically saying that you're not an adult till
you're twenty. And is the government going to extend that
to everything. I've got to get into the detail of that, because,
for example, what does it mean for didn't kids who
have disabilities? For example, they now in that.

Speaker 5 (05:03):
CAD's just jobs seek as an emergency.

Speaker 7 (05:05):
Look, I haven't seen the detail.

Speaker 9 (05:07):
So on the surface of it, saying to parents, you
know your kids are your kids. You know you're liable
to them until their twenties. That's a fairly high freehold.

Speaker 5 (05:15):
Is that you don't have eighteen or nineteen year olds,
and we know kids like us. I know a kid
like this. We don't want them sitting and literally sitting
on the parents couch playing the PlayStation, sitting on the doll.
We want to give them the best chance in life,
go out, study, get a job, waterever.

Speaker 9 (05:28):
I think getting them into things like apprenticeships is a
much better course of action. You know, the apprenticeship boosts
which the government come in half in last year's budget,
was actually doing quite a good job of getting kids
into apprenticeships.

Speaker 5 (05:37):
But is there anything wrong with an incentive, like the
carrot and the stick. This is the stick, then you
have the carrot.

Speaker 9 (05:42):
Well, I mean, I think the carrot is good. The
stick when there aren't jobs for them to go into
is a bit problematic. So beating kids for not going
into jobs that aren't scared go study is a bit problematic.

Speaker 5 (05:54):
Go study something for a couple of years that's at
least worthwhile, isn't it.

Speaker 7 (05:57):
Look i'd love to see more kids going into tertiary study.
In fact, they are.

Speaker 9 (06:00):
You know, we're seeing in roading, we're seeing enrollment numbers
going up. I'm saying I wouldn't necessarily have done what
they've done, but you know, I do worry about needs.
So the nets are there, not an education, employment or training.
I do worry about the number of them, and it's
been steadily growing over several decades, so under multiple governments,
that number has been growing. And that is it is

(06:21):
one of those big long term problems that the governments
still aren't doing much about.

Speaker 5 (06:24):
Right, do you want to have a go at pay
equity because I know that's the thing that's been winding
you up the most.

Speaker 9 (06:29):
Of course it is it's basically saying to New Zealand women,
you have to settle for being paid less so the
government can balance its books.

Speaker 7 (06:35):
And I don't think that's right.

Speaker 6 (06:37):
Or is it just.

Speaker 5 (06:37):
Saying that that particular scheme wasn't working or we've got
to do it a little bit better.

Speaker 9 (06:40):
Well, the particular scheme worked very well for the half
roughly half of the pay when he claims there was
a rental, very.

Speaker 5 (06:45):
Well for the old taxpayer though, was it? Well, ultimately,
how much did they save should be? Was it thirteen billions?
That's enormous.

Speaker 9 (06:51):
But do you think that we should balance the government's
books by saying to women you should settle for being
paid less than men.

Speaker 7 (06:57):
I mean, I don't think that's right.

Speaker 5 (06:58):
Oh well, it depends. I mean you know that this
actually comes down to which men were comparing ourselves with, right,
because I'd love to be compared with an orthopedic surgeon.
But it's not realistic.

Speaker 9 (07:07):
And well no, because it's not that simplistic, because actually
you still have to prove that the work that's being
done by the male dominated workforces of a similar or
equal value. So the process is actually quite a complicated one.
It's not you don't just pluck figures out of in
there and go, look, I'm a I'm going to compare
myself to an astronaut. You have to demonstrate that the
astronaut's actually doing work that's of similar value to the

(07:29):
work that you're doing, even if the field that they're
working in is different.

Speaker 5 (07:32):
Shall we play this game? What have you called the budget?

Speaker 7 (07:34):
Ah? Look, I haven't quite landed a lot of title yet.

Speaker 9 (07:37):
I mean the worthless budget, because actually, if you think
about it, it's saying to women that they are worthless.
It's saying to all working New Zealand as your KI
saver when you reach retirement is going to be worthless
because let's say.

Speaker 5 (07:47):
We workshopping this right now on your Yeah, thing is good,
you can.

Speaker 9 (07:49):
Contribute, feel free to contribute. But you know, like kiwisaver.
If you're an eighteen year old on the minimum wage,
sixty over sixty thousand dollars has just disappeared from your
retirement savings because of the changes the government.

Speaker 7 (08:00):
We've taken that government contribution.

Speaker 5 (08:01):
Outs taken out.

Speaker 9 (08:02):
Yeah, but ultimately, you know, if we want people to
have a decent standard of retirement, we've got to make sure.

Speaker 5 (08:07):
That people have decent retirements, saving pension. We're already doing that.
How much more do you want us to do?

Speaker 9 (08:12):
I think increasing contributions to kipisaver good, so agree with
the government on that, But cutting the government contribution ultimately
then cancels out the benefit of that. So it's saying
we're going to the government's going to take money away
from you, and oh, by the way, well you're going
to compensate by saving more of your own money.

Speaker 5 (08:27):
Yes, that's generally how savings work. Shippy. It's good to
have you and thank you for coming in. Chris Hopkins,
Labor Party leader. Right now, it's quarter past four.

Speaker 1 (08:36):
It's the Heather d Pussy Alan Drive Full Show podcast
on iHeartRadio powered by News Talk z B.

Speaker 5 (08:44):
Right, Darcy water Grave sports talk hosters with that Darcy, Hello,
you may you good? So you've got Scott Dixon on
the show, have you?

Speaker 10 (08:51):
Yeah, it's fanboy Central. I'm unashamed of this. What a
tremendous individual, what an amazing driver, what enormous success. He's
such a good interview, he really is. He must get
tired of the same questions over and over again. But
me listens, he contributes, He expands on the interview here
he is about to hit the ground running and what

(09:12):
twenty third or twenty fourth Indianapolis. I've lost count, it's
been over two decades, madness, madness.

Speaker 5 (09:19):
All right, well he'll be on after seven then, and
what have you got with the Black Ferns.

Speaker 10 (09:24):
Yeah, we'll push him later on the piece because a
bit of length, so it'd probably.

Speaker 5 (09:28):
Be around about twenty to eight.

Speaker 10 (09:30):
I'd say before you hear that, we're talking a bit
of AKFC before that with Jonathan Gold, the goalkeeping coach,
really instant people's action and dramas around that. What their
narrative is huge game coming up on Saturday year and
the Black Ferns. It's been released, so we know for

(09:51):
this upcoming match who they're going to be using. And
there's a handful of SEVENS players in there. There's a
couple of newbies in there. And the gre around this
is that ahead of the releasing of the World Cup
squad and I haven't put my finger on an absolute date yet,
I'll find it somewhere, I'm sure is they're they're utilizing
a lot of players, so they're they're circling a lot

(10:13):
of SEVENS players have turned up a lot of couples
before debutants in the side. So everyone's get a chance
to impress themselves upon Alan Bunting the coach, bunts the
coach before they make that call. So I think the
big ones who are looking at is Recippury Lane has
been given a chance. Georgia Miller is a rock star
and sevens well worth watching. She's got a crap crack crap,

(10:38):
got a crack as well live radio that it's all good. Hey,
did they did the budget give sport anything on an
old night?

Speaker 5 (10:45):
There's no money for anything, No money for sport, no
money for anything at all. No, not really, especially not
if you're a woman. Apparently, Hey, Darcy, thank you appreciate it.
You go look after yourself as Starcy Watergrave sports talk
host seven o'clock, not a woman seven o'clock here almost
sent me. I mean obviously when I say that, I
say tongue in cheek because I don't actually care about it.

(11:07):
But on that subject, by the way, Darcy, off you
go by now, thanks very much. So Darcy will be
back at seven. I just want to remind Darcy that
he'll be back at seven as not now pay equity.
So this is the big number we were looking for.
How much did the pay equity rejig of the system save?
Turns out its twelve point eight billion dollars. So I
wasn't far wrong. Remember I was telling you i'd heard
it was more than ten billion. Here we go thirteen

(11:27):
basically now the reason that this thing has had to
be rejigged, and I think, I think this is the
evidence that you can you can look at and you
can say, yep, absolutely the system wasn't working. When the
pay equity claims were first set up. It was expected
to only cost about three point seven billion dollars, but
it has blown out. Now to what extent has blown out,

(11:49):
we don't know, because what's happened is the money has
been split into two. Right, So the government has taken
some money and put aside and said we can't tell
you how much money there is because that has been
ringfect and four pay could he claims. And if they
tell us what it is, then everybody's going to know
how much is available and how much women you know,
these these claims can go for. But what they've managed
to do is save a whole bunch of it, and

(12:10):
that is twelve point eight billion dollars, so you can
imagine it's blown out by multiple factors. Anyway, you're not
loving Chippy. Oh hold fire, Chippy, you had your chance.
You just kept borrowing and borrowing and screwed our country
and pretty much nearly bankrupted us. Quite a few text
saying the reason that we're in the situation we're in
is because of Chippy and his lot. Four twenty two.

Speaker 6 (12:31):
Does the budget will us to spend or save?

Speaker 1 (12:34):
Budget twenty twenty five on Hither du plus Ellen Dry
Live from Parliament with One New Zealand Let's get connected
news Talk.

Speaker 6 (12:42):
Sat be Heather.

Speaker 5 (12:43):
Why are eighteen year old kids on the bennie? That's
a very good question. Actually, why are eighteen year old
kids on the benny? And because you can go and
study like that's the best part of your life, isn't it?
The world is your oyster sitting there on the dole
playing the PlayStation. This is one of my two favorite
things in the budget, getting the eighteen year olds in
the nine ten year olds off the bennie. The only
problem with this is that there are some obvious loopholes here,

(13:05):
so basically kids will be taken off the doll and
the parents will be expected to step up, but they
will not be taken off the doll if they are
married or in a civil union or in a de
facto relationship. So all they're going to do is move
in with a girlfriend, aren't they That's what they're going
to do. They're gonna have the girlfriend move in, or
they're going to move in with the girlfriend. Because please
be aware that there are parents out there who do

(13:27):
not see a problem with this situation, and so off
they'll go on and just carry on getting the doll. Anyway.
We'll talk to Nicola Willis about it when she's with
us just after five o'clock. By the way, it's five
twenty five, four twenty five. When we were in the
budget lock up today, what we did is we thought
we'll get you a bit of a taste of what
everybody else is thinking. So if we ask the analysts
and the economists and everybody else who was there, how

(13:48):
they would describe this year's big announcement.

Speaker 6 (13:51):
I'm Jordan Williams.

Speaker 1 (13:51):
I'm the executive director of the Taxpayers Union. From the
budget lock up, this is the budget budget, certainly not
a growth budget.

Speaker 11 (13:57):
Jane Tipshereni in New Zealand Herold Wellington Business Editor.

Speaker 12 (14:00):
This is a true.

Speaker 10 (14:01):
Blue budget, one that requires people to pay their own
way more than would be the case under a left
leaning government.

Speaker 7 (14:08):
Michael Riddell, economic commentator. I mean this is a budget
that is deeply underwhelming.

Speaker 6 (14:15):
Alan McDonald, head of ADWA c at the EMA. It's
kind of like a soup bone budget.

Speaker 1 (14:19):
There's a lot of bone and a little bit of
meat that you cannaw off.

Speaker 5 (14:22):
The end came a bergery Managing director Biger Economics.

Speaker 13 (14:25):
Interesting budget today.

Speaker 14 (14:26):
Was a question of your Peter versus Paul and Pauline
versus polling.

Speaker 15 (14:30):
Doctor R Crampton, chief economist with the New Zealand Initiative.

Speaker 6 (14:33):
I would call.

Speaker 11 (14:34):
This the structural datathets through twenty twenty nine budget.

Speaker 16 (14:37):
I'm Brad Olson from Metrics and I call this the
switch at budget.

Speaker 5 (14:40):
My name is Craig Ready.

Speaker 17 (14:41):
I'm the economist and director of Policy for the New
Zealand Council of Tard Unions and I call this the
highway robbery budget.

Speaker 4 (14:47):
Stuart Nash, Commercial Director, Robert Welters Business is usual and
broken times budget.

Speaker 5 (14:54):
You know what, I don't think Eric Crampton's title is
going to fly. What do you think this stractoral defits
through deficits through twenty twenty nine budgets?

Speaker 11 (15:03):
Just would you even fit it on the front page
of the budget here?

Speaker 7 (15:05):
They're probably not.

Speaker 5 (15:06):
No, no, probably, And especially because you've got to write
in that big writing for people to know that it's
the front cover, you'd have to sort of have like
four you'd have to. Sometimes in kiddies books they do
this thing where they have like a full page thing
that like folds out. You could do one of those ones.
Absolutely anyway, Murrayold's with us very shortly. Headlines are neats.

Speaker 1 (15:30):
Quite who are the winners and who's making do with
what they've got? Budget twenty twenty five on hither do
Plice Ellen Dry live from Parliament with one New Zealand
let's get connected news talks that'd be.

Speaker 5 (15:45):
Seeing Nikola will listen to us. After five o'clock Murrayolds
is standing by out of Australia. I cannot believe this.
Guess who is not in the House for the budget today?
Guess that's that's right. Raori and Debbie oh Rawi and Debbie,
the very two who we were crying gigantic tears about

(16:08):
and saying Oh, it's their democratic right. Oh, you can't
kick them out before the budget. Oh, you can't possibly
suspend them for all of their misbehavior. They've got to
be here. They've got to be able to talk to
the budget. When things kicked off at two o'clock, over
was sitting. It was cowboy hat sitting. There was old
Shaikivara beret sitting there. Nah, missing left a test. So

(16:28):
listen to everybody, everybody who talks on their behalf and says, oh,
we've got to look after them. They just gave you
the middle finger. Stop defending them. Twenty four away from five.

Speaker 1 (16:38):
It's the world wires on news talks edby drive.

Speaker 5 (16:42):
So the New South Wales flooding has turned deadly. One
person has died, five are missing in the floods and
New South Wales fifty thousand people living in the mid
North coast have been told to evacuate. And this woman's
house is flooded.

Speaker 6 (16:52):
The water has dropped a little.

Speaker 5 (16:54):
That being said, it's still well well above the.

Speaker 15 (16:57):
Twenty twenty one major flood that we had and it's
still rainy.

Speaker 5 (17:02):
South African President Cyril Ramoposa says today's meeting with President
Trump was a success. Trumpy and Ramoposa had an argument
in the Oval office about whether white South African farmers
are suffering from a genocide and.

Speaker 15 (17:13):
When they killed the white farmer, nothing happens to that.

Speaker 6 (17:16):
No, there is nothing happens that.

Speaker 18 (17:19):
Is criminality in our country.

Speaker 19 (17:22):
People who do get killed, unfortunately through criminal activity.

Speaker 18 (17:28):
Are not only a white people, majority of them are
black people.

Speaker 5 (17:32):
Ramoposa said after the meeting that there was no genocide
in South Africa and he expects Trump will attend the
G twenty meeting in joe Burg later this year. And finally,
a mysterious beam of light has been seen in the
night sky over Arizona. People online have speculated that it
might have been caused by energized particles in the atmosphere

(17:52):
or maybe and most obviously aliens, but an astronomer says
that the light probably had something to do with the
Chinese rock that was deploying satellites in orbits, So I
think we can probably rule out the aliens theories.

Speaker 1 (18:04):
The International Correspondence with Ends and Eye Insurance, Peace of
mind for New Zealand business.

Speaker 5 (18:11):
The Murray Old Ossie corresponders with Ushmas good here.

Speaker 8 (18:15):
They're going to appen into you.

Speaker 5 (18:16):
Hey, So what's the latest with these floods?

Speaker 1 (18:18):
Oh?

Speaker 8 (18:18):
Look, bloody terrible to be to be quite frank, I
mean in now, I just what's the name of the town?
Nineteen twenty nine was the flood record? Nineteen hundred and
twenty nine has been exceeded in the last twenty four hours.
As you said there in the intro, one dead, five missing,
and fifty thousand people evacuated from homes and businesses. The

(18:41):
rain has not stopped. It's the worst flooding, as I said,
in almost one hundred years. Now Here's the thing. These
people that are missing may not be in fact casualties
of this. They may be on these isolated properties. And
there are scores of farm properties, even entire small town
that have been basically cut off. More than one hundred

(19:03):
emergency warnings that have been scores of emergency flood rescues
from absolute bloody clowns who have been driving through flooded
roads and guess what happens. The cars stop and they
get washed away. So they are idiots. The state governments
called in for federal government help to try and get
some assistant to these people. The army's being deployed in

(19:24):
some parts, but some people who are cut off are
likely to be in that position for quite some days.
How much longer will the rain's going to keep on going?
At least till the weekend? Some centers, are you sitting down?
They've had half a meter of rain? Half a meter
of rain in seventy two hours, man.

Speaker 5 (19:42):
Lives, Yeah totally. Is hey? So Susan lay Lee rather
is she trying to patch things up with the Nationals?

Speaker 8 (19:48):
I think it's the other way around, to be honest,
Susan Lee. Look that they may have kissed and made
up in the last few minutes. I know that Susan Lee,
she agreed to hold off name her shadow cabinet. Let's
make no mistake here. The National's Party is the junior
coalition partner, always has been, always will be. But they

(20:09):
went into the talks after the election shellacking and David
little Proud said, oh, look, we need cast iron guarantees
on four policies. Oh and by the way, any Nationals
MPs that you happen to name in your shadow cabinet,
I want them to be able to breach shadow cabinet
decisions and go public with their opposition. Well, that's never

(20:29):
going to fly, Heather, That's not the way the parliamentary
system works. Susan Lee said, you know, forget it, you're
out of your mind. There's not going to happen anyway.
Eminence grees like John Howard, Tony Abbott, even Barnaby Joyce
came lumbering into all of this and said, listen, you've
got to kiss and make up because individually they will
never be able to form government. Simply won't happen. So

(20:50):
it looks like they've actually come to something agreement. The
details are yet to be made public, but maybe they've
kissed and made up, because certainly that's what the Conservatives
are here. They are desperate for that coalition to get
back together. They're looking at years and years of labor
government without that coalition agreement.

Speaker 5 (21:07):
Interesting, Now, what's going with PwC. Do we think that
things have all we have been cleaned up after that
big tax scandal.

Speaker 8 (21:15):
Well, that's what it looks like. The Australian newspaper, the
Murdoch National newspaper here has spoken to the guy he
was called in to kind of fix things up and
it was a mess. PwC humiliated, not just here globally.
What they did as senior partner was privy to government
plans to change some tax laws. They're all top secret,

(21:36):
secret squirrel stuff. He shared that confidential information with clients
of PwC. Well, gee, that went over well not They
had to sell their Canorra business and there were tens
of millions of dollars that were being earned from government contracts.
They dried up overnight. Well, PwC had to call in
the cavalry. The guy. Two years on, he's told the

(21:58):
Australian newspaper listeners it's not perfect, but it's a bloody
sight better than it was when I was called in.
We've still got a few things to make right, but
we're on the way. It's a whole lot better now
and we're promising to make it completely better in the
not too distant future. So yeah, maybe PWC's in the

(22:18):
good books again.

Speaker 5 (22:19):
Good stuff, Hey Mars, as always, thanks so much, really
appreciated Murray Old'sozsie corresponding, Okay, out of the budget, so
quite like the key we save this stuff. I'm going
to run you through this quickly. Basically, if you're earning
over one hundred and eighty thousand dollars. You're not going
to get any more from the government for key we
save because you know how it works. So you put
in money, employer puts in money, and the government puts
in a little bit of money as well. That's gone now.
If you're a rich dude, if you're under one hundred

(22:42):
and eighty thousand dollars, government used to give you fifty
cents for every dollar that you put in up to
a certain point. That's now down to twenty five cents,
and I think it tops out at something like two
hundred and sixty dollars or something like that annually. Anyway,
I would just cut it for everyone. I would have
cut it all together, because there is no point in
US now subsidizing people's key saves, right. The point of
doing that in the first place, when Mickey Cullens set

(23:04):
it up, was basically so that we could all get
into a savings culture, right, and an investment culture. Well
that's now well established and it's part of our employment culture.
I mean three hundred was like three point three million
of us have got Keywi Saber accounts. Eight hundred thousand
of US used chersias to invest. We know what we're doing.
They could have cut it all and saved a billion bucks. Also,
don't hate this quite like this. Arenzett has had its

(23:27):
budget cut. So remember when Ston Peters had threatened them
and said the funding cut is coming. That's happened, not
because he said that was obviously already going to happen.
It's been cut by four point five million dollars a year. Now,
don't cry for them because they've got loads of cash.
They already get sixty seven million dollars a year. They're
just losing four point five off that. They just got
a boost just in the last few years of thirty

(23:48):
three million dollars. Basically had their income doubled in the
last few years. So absolutely fine. Also, Paul Goldsmith, this
is what I love. He put out the budget documents saying,
am we've cut their budget, and then he was like, also,
they need to do a better job. He said, I
expect urn Z to improve audience, reach, trust and transparency.
I am confident the organization can do so while operating
in a period of titan fiscal constraint. Well, good luck

(24:11):
to him believing that that's going to happen. Jason Walls
is next sixteen away from five.

Speaker 1 (24:17):
Politics with Centrics Credit check your customers and get payments Certainty.

Speaker 5 (24:21):
And Jason Wall's News Talk zb's political editors with us
a Jason Happy budget Day, Heather and to you house.
It played out in the house well.

Speaker 16 (24:29):
Bit pretty much as expected. I mean, there's the hours
after the budget are always quite fun to watch because
it's a battle of the sound bite as to who's
getting sort of the most SoundBite worthy. They want to
get on the six o'clock news. They obviously want to
get on news Talk ZEDB. We had the Prime Minister
who was of course very focused on the budget today.

Speaker 4 (24:47):
Mister speaker. Hasn't it been a chambolic year for the
Labor Party, hasn't it? And I have to say, has
there ever been a leader of the opposition with less
substance than Chris Hebkin.

Speaker 16 (24:59):
Speaking of Chris Hipkins, he made a number of jokes
about what Nichola Willis's bit no BS budget actually stood for.

Speaker 3 (25:06):
The budget had no bread and shelter for vulnerable New Zealanders.
The budget had no back paid settlements for women who
have been fighting to have fair paid.

Speaker 7 (25:16):
For far too long.

Speaker 3 (25:18):
And it had no better society.

Speaker 16 (25:22):
Shane drill Baby drill Jones was in full flight.

Speaker 20 (25:26):
Mister speaker, kiwis I am holding marwing number one crude
oil with your blessings, mister speaker, I'd like to take
the lid off and invite the Green Party to snippet.

Speaker 16 (25:44):
Very focused on the other side. But then, of course
we had the Greens and Chloe's surprise surprise, was not
a big fan of the budget, and I did value
to probably turn your radios down just a touch before
I played this one.

Speaker 5 (25:55):
So much for no bears.

Speaker 16 (25:57):
Eh, this is the trickle down budget.

Speaker 5 (26:00):
This is the no ambition budget.

Speaker 12 (26:02):
This is the child poverty is.

Speaker 21 (26:04):
Actually all good budget.

Speaker 22 (26:06):
This is the dismantle the country and hope to sell.

Speaker 2 (26:09):
It for parts for international investment funds budget.

Speaker 16 (26:12):
All right, there's enough of that, but you could tell
she's not really a fan Jay.

Speaker 5 (26:17):
She's obviously has some polling suggesting she needs to be
more passionate. Now what happened with you and labor.

Speaker 16 (26:22):
I'm interested in this one because it's pay equity, right,
because like it or not, Nicola willis like it or not.
Chris Luxon Seymour was right. Brooke van Velden did save
the budget when it came to this pay equity figure.
Looking at the numbers, A good proportion of what was
announced today was only possible because of these pay equity changes.
We got the numbers this afternoon. The government saved almost

(26:44):
thirteen billion through revamping this scheme. Here's how Nikola Willis
described it in the Budget lockup.

Speaker 2 (26:49):
To give you a sense of the magnitude of this blowout.
When the pay equity regime began in twenty twenty, the
estimated costs and Tree his books for pay equity settlements
over the next four years was three point seven billion.
Since then, potential costs have risen steeply pretty much every year.

Speaker 16 (27:13):
So three point seven billion too, a number which we
actually don't know the full amount at the moment. They
wouldn't tell us that, but it's thirteen billion that they're saving,
so at least thirteen billion, it's it's got to be
more than that. So the question is what was going
on with labor during that time. We got Chris Hopkins
up on the pilant's black and white tiles trying to
get some information out of him as to how it

(27:34):
got so expensive. Will wogain his responsibility to the fact
that it is such a big figure the Finance Minister
made a specific point of saying, under your watch that
this is what the amount of functionship was out of control.

Speaker 9 (27:46):
But for goodness sakes, I don't take responsibility for the
fact that women are being paid less than men. I
do take responsibility for the fact that we were going
to do something about.

Speaker 16 (27:54):
This, which is not an answer at all. So try
it again, Law twenty three. This is when this would
have all been coming to a head. Will you prove
it to the information about how much this was blowing
up in terms of the constom.

Speaker 7 (28:04):
Well, we would have had calculations at that time. I
don't have them now. But were you worried at the time, Well,
we as very clear. We set aside funding to pay
for us.

Speaker 16 (28:12):
So he was not giving us any information in terms
of anything that came across his desk. We tried, We tried.
You tried one more time. When you're Prime minister, did
you receive any warning to Stroachery or any of your
ministers about any riches to do with the pay equity
by ability exceeding that of the three billion dollars that
you have anticipated.

Speaker 9 (28:32):
I'd have to go back and check, but we certainly
knew that it was going there was going to be
a reasonably significant price deck with settling pay when he claim.

Speaker 16 (28:38):
How much is reasonably significant?

Speaker 7 (28:40):
I didn't memorize the reports. Hope to go back and
find them again.

Speaker 16 (28:43):
So clear as mud thus far. And I heard him
when you were talking to him before. There's absolutely no
answers from Labor on this one too.

Speaker 5 (28:49):
Yeah, it doesn't want to go there. Hey, can I
just ask you just a personal question? Why is it
that you? Because we're broadcasting out of Parliament today obviously,
and so we're not far from the press gallery, we
you know, have occasion to use your kitchen. Why do
none of you guys have any tea?

Speaker 16 (29:05):
What do you tea?

Speaker 5 (29:06):
As in like, well, there's no tea in your kitchen?

Speaker 16 (29:09):
Oh, because we're all separate officers. We have tea in
our own officers. We're not some social body with.

Speaker 5 (29:15):
The long We sent him with the long hair and
to get a tea for me and and Janney had
to give us a tea. And it wasn't a lady.
There was a lady Gray. There's no do you have
do you have English breakfast in your office?

Speaker 16 (29:26):
We've probably got some sitting around somewhere yonder you were
looking for tea? How that I would have helped you out?
But wrong with like?

Speaker 5 (29:32):
What is wrong with you? People? Have you lost all culture?

Speaker 16 (29:36):
As Press Gallery chair, I make a solemn promise to
do a case study at a market study into getting
some tea for the gallery kitchen. We'll go out to
consultation and after six to nine years we'll get back
to you an announce it.

Speaker 5 (29:47):
How about that? Okay, off you go, Jason, Thank you
as always Jason Wall's us ZB politically it is honestly
we had to scrounge around and we got like and
nobody drinks ill gray tea if they've got any class,
So we had to scrounge around and drink this. Thank
you to Janey who was lovely and shared one of
tea bags. I mean sharing a tea bag. How poor
have we got? And also please like we're all basically,
if you've got a white skin, you send it from

(30:08):
somebody in the UK. It's culture. We should be drinking
the tea. Disgraced by the press gallery eight away from five.

Speaker 1 (30:15):
Putting the tough questions to the newspeakers, the mic asking breakfast, it's.

Speaker 20 (30:20):
Even Joyce, former Finance minister, is is this how economies work?

Speaker 6 (30:23):
From your financial experience?

Speaker 21 (30:24):
In other words, at any given point in time, somebody
somewhere is doing well.

Speaker 5 (30:27):
Thank the Good Lord for that.

Speaker 23 (30:29):
Yeah, well you'd hope so, wouldn't you, Because after a
top three years, it feels good to see somebody doing well.
I think what we're seeing is probably the beginning to
an export lead recovery, which is domestically, people are spending
a lot of money to imports coming in. But fortunately
for us, the world is buying our stuff. And it's
not a subsidy, just a memo for the US president,
but a bit that'll be making people nervous. Still is

(30:49):
the potential for rapid policy change out of the US.

Speaker 8 (30:53):
Back tomorrow at six am, the Mic Hosking Breakfast with
the rain drove of the lame newstalk ZB.

Speaker 5 (30:59):
Hither my dad religiously carries a tea bag on him. Honestly,
I'm going to have to start taking this up because
you can only go so many hours, right and we're
at so many hours already. I'll tell you that right now,
five away from five, Heather. It's a far better budget
than Labor ever gave us. All they did was hand
out money they didn't have to buy votes. This is
a sensible and safe budget and as a retired key,
we I feel quite comfortable with it. Hither I get

(31:20):
the government inherited a mess and it's a challenge to
ballace the budget for all the talk that this will
be a year of growth, though the dial is not
going to move. They risk going to the next election
with main Street being no better. And we're going to
talk to Nichola Willis about it because look, you know
it's been labeled the growth budget, but as I said
at the start of the program, they ain't no growth
in there. So we'll have a chat to her about
it when she's with us. I just need to update
you very quickly on the heckler now. Apparently the heckler

(31:43):
who gave Winston Peters the hard time and threw the
word bollocks around is sorry for what he did at
the train station in Wellington on Tuesday. The Herald went
round to his house today. They say he was visibly
upset and tearful over the situation. He said it would
be sensible for him to refrain from commenting on the matter,
but that he was apologetic over what had happened, and

(32:03):
he would not comment any further because obviously being investigated
by his employers. I think his employers need to calm
down on this. I hardly think he deserves an investigation.
I mean unless he makes a habit of doing this
with his lanyard around his neck. All he did was
heckel when he's got a thick skin, And it was
hardly the worst thing that we've seen in the last
few days. I mean, he didn't drop the sea bomb,
did he like a certain columnist. He didn't point the

(32:26):
naughty fingers like a gun like Debbie did in the house.
So I mean, give a guy a bit of a break. Hey,
here's a little bit of good news out of the budget.
If you are if you get the repeat prescriptions, and
you got to you know, you've got to go back
to the GP every three months. They got to check
you with and go, oh, yes, you do still have
that thing. You do still have high blood pressure. Let's
give you you know. I mean, that's ridiculous, isn't it.

(32:48):
They've just changed it. So if the GP says it's
a good idea, they can prescribe you all the way
through for a year. Now, that's going to cost ninety
one million dollars. And that's basically because they're assuming that
people will get more medication. Beau, they'll get it more,
you know, get longer doses. They'll get more as we're
going to cover the cost of that turn ninety one million.
So there you go. That's a sensible thing to do,
isn't it?

Speaker 7 (33:07):
News?

Speaker 5 (33:08):
Is next.

Speaker 1 (33:10):
Hurning mean?

Speaker 19 (33:11):
Isn't it?

Speaker 6 (33:13):
Sermon made bed and mill arnings a little? How is
the economy shaping up?

Speaker 1 (33:24):
Who is raking in the cash and who will be
disappointed in the time to crunch the numbers and find
out how it affects you?

Speaker 6 (33:31):
You it's hell duplicy.

Speaker 1 (33:33):
Ellen drive live from Parliament for Budget twenty twenty five
with one new zealft used dogs have been.

Speaker 5 (33:42):
Good afternoon to the budget. You are going to have
to contribute more to your key. We say that the
government will put in less teenagers will no longer be
able to get the doll and we now know that
the pay Equity Scheme rejig has saved nearly thirteen billion dollars.
The government has managed to deliver seven billion more for
health tax incentives for businesses to buy new equipment, plus
two hundred million dollars to find some new gas. Nicola

(34:02):
Willis is the Finance Minister and with us now, Nicola, Hello,
hello here.

Speaker 12 (34:05):
That's great to be with you in person.

Speaker 5 (34:07):
It is lovely to have you. Thank you, and thank
you very much for racing through your speech to be here.
Where's the growth in the growth budget? Where is it?

Speaker 2 (34:14):
Well, the growth is coming this year and accelerating into
next year and beyond, averaging two point seven percent over
the next little while and much faster than we've had it.

Speaker 5 (34:23):
This is the export is doing it and they going
to do it. Whether you are there or not. What
are you doing at the GROT.

Speaker 2 (34:28):
Well, this investment boost policy is going to lift growth
and it is going to lift GDP because what it
says to every business about one percent over the next
twenty years, but half of that over the next five years.
Combine that with our other reforms, whether it's RMA reform,
setting up invest New zealand encouraging foreign investment. We're doing
things that are going to generate measurable growth. But Investment
boost is really important because what it says to every

(34:50):
business listening right now is if you make an investment
in a news set. We are going to deduct the
cost of that from your textbill twenty percent deduction. So
that's go to help your cash flow now. And if
you were thinking about making an investment, do it because
we're going to help you out, because that would have
cost more than eight and a half billion dollars an
a a year.

Speaker 5 (35:10):
Are you sure because that number is.

Speaker 2 (35:11):
That is the advice that I received from inland Revenue,
and I trust them that I'm more some of the
bush costings that are out there at the.

Speaker 5 (35:18):
Moment not have paid for itself.

Speaker 2 (35:20):
Well, no, the advice was that it wouldn't because what
it starts to do is incentivize investments that wouldn't stack
up otherwise. Our advice was twenty percent is the sweet spot.
That's where you get the most value for each dollar
of tax revenue that you're losing.

Speaker 12 (35:34):
Go higher than that and you're not getting quite as
much bang.

Speaker 5 (35:36):
For bark because okay, so Trump himself did one hundred percent,
Rishi Sunak did one hundred percent. The business community has
called for accelerated depreciation, which I totally take is not
exactly the same thing, but they want fifty percent. If
all of this is above what you're doing. If you
find out that twenty percent is not enough, will you
rejig it?

Speaker 7 (35:55):
Well?

Speaker 2 (35:55):
These are the same people I think you'll find here,
the who say get the books back and balance, and
that is what we have to do. We have to
get that balance between making sure there's a good tax
incentive there, but also being prudent about the fact that
New Zealand has been in deficit since twenty nineteen. Debt
has blown out by an extra hundred billion dollars. So
I need to do all of this with enough.

Speaker 5 (36:14):
If you're doing little bit percent. The point of the
twenty percent is to try to get people investing. If
it doesn't work, there's no point in doing it. So
would you rejig it?

Speaker 15 (36:21):
Well?

Speaker 2 (36:21):
The advice that I've received is that it will get
people investing, that it's enough to make a meaningful difference.

Speaker 12 (36:26):
I mean, think about it.

Speaker 2 (36:27):
If you're a trading and you go and buy a
ute tomorrow, You've now got a twenty percent deduction on
the cost of that against your tax bill. You'll be
paying less tax this year. That's good news.

Speaker 5 (36:36):
Okay. Why not cut the government contributions to everyone's kei
saber altogether? Because it's done its job, hasn't it.

Speaker 2 (36:42):
Because our judgment was that on balance, that contribution is
enough to give some people the nudge into saving who
might not otherwise, and it keeps people in the scheme
even if they go through a period where they can't
afford to make their own contributions, knowing that the government's
going to give them that extra cash.

Speaker 5 (36:57):
Here's the moloyment, the employer's contribution.

Speaker 2 (36:59):
Do you yeah, But to get the employer contribution, of course,
you have to make your own contribution. And some people
will for a time withdrawal from the scheme or stop
their own contributions, but on balance they might keep going
if that subsidy is there. Look, basically, we thought that
if you keep it there at that level, there's still
a little nudge.

Speaker 12 (37:16):
To keep people in. But it's a much more affordable.

Speaker 5 (37:18):
Spending one hundred and seventy nine thousand dollars a year
doesn't need a government contribution, do they.

Speaker 2 (37:22):
Well, we cut it off at one hundred and eighty.
If you're sending one hundred and eighty or more, you
will now not get that contribution at all, and everyone's
contribution is halved.

Speaker 12 (37:31):
We think it's about.

Speaker 5 (37:32):
Right Okay, now on the kids off the doll. You'll
take the teenagers off the doll. But you're going to
do a parental test. What's the test?

Speaker 2 (37:38):
Well, we are still finalizing the details of the policy,
but the basic concept is that this is actually about
helping parents because I have met parents who say, look,
I've got a nineteen year old who spends all day
on the couch playing keep playing PlayStation and it's pretty
difficult because you the government send them a check each fortnight.
So we've got the same expectation most mums and dads

(38:00):
to do, which as kids should be in training, in
an apprenticeship or in work and if they're not, they
can't get the purfit.

Speaker 5 (38:05):
And it makes perfect sense. But how are you going
to test the parents? What is it?

Speaker 2 (38:08):
Is it?

Speaker 5 (38:09):
Well, it means is it income?

Speaker 2 (38:10):
We accept there will have to be some exceptions where
for whatever reason, there's been a family break down and
so it's not reasonable to expect that the parents are
in a position to support their teenager. But we are
going to work on the details of that and we're
looking forward to making more announcements.

Speaker 5 (38:24):
About are you going to income test? Is that what
it's about?

Speaker 2 (38:26):
Well, that might be part of the test, but we
need to make sure it's tight enough that not everyone's
getting an exception, because we genuinely want to get those
kids into work in training. We know that if you
start on a benefit at that age, on average, you're
going to spend more than fifteen years on a benefit.
So that is bad news for everyone.

Speaker 5 (38:46):
So these kids, they manage to get the doll right,
so they don't get they're off the doll of the
single but if they get married or in a civil
union or in a de factor relationship, they will continue
to get the doll. Well, he's going to get the
girlfriend around, aren't they?

Speaker 12 (38:56):
Well, I don't know.

Speaker 2 (38:57):
I don't think you'll find that many of these young
people will be jumped into marriage.

Speaker 5 (39:01):
But they don't have to be very nicola. They just
have to be in a de facto relationship.

Speaker 2 (39:04):
Well, look, all of these are the things that we're
going to test with the policy. We need to move
in with you absolutely right Hither, we need to make
sure that this policy sends very strong signals and that
we get the details right. And I've got faith in
Luise Upstince she'll do that.

Speaker 5 (39:16):
Are you going to change the rules about the de
facto stuff.

Speaker 2 (39:18):
Then well, we're going to make sure that this policy
incentivizes teenagers to get into worker education and we'll do
what we have to do with the roles to ensure
that's the case.

Speaker 5 (39:27):
Okay, now you have saved in this financial year five
billion dollars, that's right. Why not take that money and
put it towards the debt and pay down the debt?

Speaker 2 (39:36):
Because the price that every New Zealander would have to
pay for that is fewer health services, schools getting cuts
to their funding, and real terms, I wouldn't have money
to pay teachers more, the police wouldn't get the resources
that they need to keep our communities safe, and our
defense force would continue its slide to becoming that more.

Speaker 5 (39:59):
Sold to a back are we going to play?

Speaker 2 (40:00):
So there are investments that need to be made hither
and we are funding them from savings.

Speaker 12 (40:04):
That's the responsible way.

Speaker 5 (40:06):
Have you cut the final year free tertiary education yet?

Speaker 2 (40:10):
No, we have not, because we had a coalition commitment
between the three parties that we would keep.

Speaker 12 (40:16):
It for the final year.

Speaker 5 (40:17):
Who wants it?

Speaker 12 (40:18):
Well, I think New Zealand.

Speaker 2 (40:19):
First were pretty keen on it staying there. And look,
it's a much narrower policy than it was heither. It
used to be that everyone was getting a free.

Speaker 12 (40:26):
First year to have a blast.

Speaker 5 (40:27):
It's a waste of money and.

Speaker 2 (40:28):
Now only get it if you get all the way
to the end of your degree. You've finished your degree
and you get that final.

Speaker 5 (40:33):
So you could have saved that money. You could have
put that towards something else, like paying the debt, paying
down the debt. You could have not done the tweaks
to the working for families. It's a bunch of stuff
you could have done.

Speaker 12 (40:42):
I'm really proud.

Speaker 2 (40:42):
Actually last budget we delivered twenty three billion dollars worth
of savings. This budget twenty one billion dollars worth of savings.

Speaker 12 (40:48):
Our budget at all.

Speaker 2 (40:49):
But our budget is being funded from savings, whereas we
had a government over the past six years in twenty
twenty two spent more than nine billion dollars. Do you
worry about reminding us how crappy they So we are
really bringing things much tighter in what we're showing in
our boxes that we're going to get them back in balance.
We're going to be bringing spending government spending down as
a proportion of the economy. We're going to be bending

(41:10):
that debt, but you are.

Speaker 5 (41:11):
Not bringing down government spending. You continue to spend. In
every single day that you continue to spend, you are
adding to our national debt.

Speaker 2 (41:17):
We're putting dollars in the right places because there are
some investments that, if we make them today, are going
to make us more productive tomorrow. I take the education
system as an example. If kids are achieving more at school,
they are going to be better workers. I look at
the health service. If we don't have good health services
for people, then that's actually a real push push factor
that is going to be a problem for many New Zealanders.
So always striking that balance. How can we make sure

(41:40):
we're funding the public services that are needed, but we're
also keeping the books in order. Of course, the alternative, Heather,
there is an alternative. That's my friend, mister Hopkins. He
thinks what we should do is get rid of all
ideas that there is a limit to debt and we
should just borrow, borrow, borrow, tax, tax tax, and that'll
mean everything's okay and it's rainbows and uniforms.

Speaker 12 (42:00):
We've rejected that approach.

Speaker 1 (42:01):
That's true.

Speaker 5 (42:01):
Luxon has labeled in mister Bojangles.

Speaker 2 (42:03):
He has indeed, because he's a flip flopper. He just
goes from one foot to the next. You know, one
day he's all raging, wanting to bring back the old
Peguy raging.

Speaker 12 (42:13):
The next day he's not so sure and maybe he
needs to change.

Speaker 2 (42:16):
One day he's saying that Barbara Edmonds is a great
finance spokesperson. The next day is throwing her under the
bus and saying that we shouldn't listen to her when
she talks about debt, fiskool plans or anything.

Speaker 5 (42:25):
And were are here to talk about you today. Thank you.
I appreciate it very much. Thank you for your time,
and thanks for coming here.

Speaker 12 (42:30):
Great to be on the show here, Thank Deliverlu's.

Speaker 5 (42:32):
The finance minister right now, sixteen past five. Hither orre
they just being super conservative of twenty percent depreciation as
they are expecting interest rates. Thought, it's not depreciation. What
it is. It's a tax incentive right up front and
then you can put your depreciation on top so you
can get helpful leather with it. And actually, by the way,
I've got to text you saying, how's the two hundred

(42:53):
million for drilling going to work? We're going to talk
about that because that has to be my favorite idea
out of this budget. Right now, it's nineteen past five now.
They've held their run at event last night at Trust
Serena in Auckland. More than a thousand people attended. Two
of the guys running at each other needed medical attention afterwards.
Former RABBITO George Burgess is here for the competition. Height George,

(43:13):
how are those guys all right?

Speaker 18 (43:16):
Yes, they are, they're doing very well. The two boys
who you spoke about who got head nocked there, we
had the best medical care. We got them straight into
the hospital and they've got twenty four hours. We're watching
them for twenty four hours around the clop.

Speaker 5 (43:36):
Have you got concussion?

Speaker 6 (43:39):
I'd say so. Yeah, it was a pretty big here.

Speaker 24 (43:42):
Dude.

Speaker 5 (43:42):
Why do you guys? Can you explain this to me?
Why do you do this? What's the point of this?

Speaker 6 (43:47):
Hey?

Speaker 18 (43:48):
Look, a sport or inn a sport and every sport
that we have today in our society is two reminders
of our warrior past and to simulate warfare in a
safe way, and that's exactly what we do. Sometimes things
might happen like that, but it's not it's not what
we set out to do. And that the competitors know

(44:08):
what they're doing, and in comparison to many of the sports,
we're actually on the very last scale of in that area.

Speaker 5 (44:17):
But hold on a second, how can you say it's
not what you set out to do. You're literally two
dudes running at each other. The course is going to happen.

Speaker 18 (44:25):
Yes, but if you use the right technique, which is
what we we am to implement with our athletes, using
your shoulder with the right technique, you know, it's a skill.

Speaker 6 (44:37):
It's a skill.

Speaker 5 (44:37):
Are the athletes or are they just folks you pluck
off the road?

Speaker 17 (44:41):
No, they are.

Speaker 18 (44:42):
You saw the difference last night with the athletes. You know,
it's a skill to be able to use your shoulder
like that. And as we progress and the game shoe.

Speaker 5 (44:53):
Some some people just do that when they're walking down
the side.

Speaker 6 (44:56):
Sorry, sorry, do you mind just let me finish?

Speaker 18 (44:59):
So it's it's it's a technique to be able to
use your shoulder in that way. And as we progress
every this we're only on our second show, right, so
as we progressed, they're going to get more trend on
a higher level.

Speaker 5 (45:14):
Okay, George, what about this is resembles warfare and what
what war did We have dudes running at each other.

Speaker 18 (45:25):
Every war in history?

Speaker 5 (45:26):
Yeah, but generally they have guns and stuff, well, bayonets.
They're going to kill each other with these these two.

Speaker 18 (45:31):
This is this is this is simular warfare.

Speaker 23 (45:35):
And every squad that we do.

Speaker 18 (45:36):
Today is for simulated warfare to remind us of our culture,
of our past, and you know that it is still
a part of us as humans.

Speaker 5 (45:45):
All right, George, listen, thank you very much. Look after yourself.
I feel like you're going to need it. George Burgess,
former RABBITO and Run It Championship League spokesperson. Okay, right,
let's deal with the oil and gas next in the
desk and absolutely everything coming out of the budget. Hang
on attack. It's five twenty two.

Speaker 1 (46:04):
How much is nikola found under the Mattress budget? Twenty
twenty five? On hither do for see Ellen Dry live
from Parliament with one New Zealand.

Speaker 6 (46:13):
Let's get connected youth talk said be Heather.

Speaker 5 (46:15):
Those guys are idiots as if our hospitals are not
under enough pressure. Very good point. Have to agree with you.
Five twenty five. Now, I'll tell you what I was
amazed sitting in that budget lock up today that not
one person, not one person, asked a question about how
we're going to sort out our country's debt. There was
a question about debt, but it was from Bernard Hacky,
and it's the same question he asks pretty much every year.

(46:36):
And he asked Nicola Willis why she isn't borrowing more
so set him aside. Nobody else asked about it. No
questions about how we borrow less, how we pay it down,
and our debt is huge. Nikola Willis put this graph
up on the projector and it shocked me, actually to
see how our debt has grown and where it's going
to go, and how little's being done about it. Less
than twenty years ago, let me remind you, less than
twenty years ago, our debt sat under ten percent of GDP,

(46:58):
and that was because Michael Cullen had paid it down.
Now it's sitting at above forty percent. It's at about
forty two percent, and it's still going to go up.
It's not even finished. It's headed up to forty six
percent in a few years, and then it's going to
start plateauing. Now, Nicholas aim is to get it under
forty forty percent eventually, So forty percent is going to
be the cap Well, how did that become our new normal?
I mean, it wasn't that long ago that Bill English

(47:19):
and Grant Robertson were having chats about how to get
it to stay at twenty percent, and Robo had to
promise to keep it at twenty percent of GDP just
for us to take him seriously. Now it's double that
we're chilled about it. It costs US nine billion dollars
a year just to pay the interest payments. That's enough
money to pay for our police, our customs, our Ministry
of Justice, and our corrections. Now, if this government was

(47:40):
serious about debt, they would cut back that unnecessary spending,
take all the Savingszad found and just start plowing it
into paying down our debt. Because every year that we
are currently spending more than we earn, which we are
doing at the moment and which we will be doing
for the foreseeable future, we will continue to add to
that debt pile.

Speaker 6 (47:58):
Ever duplus thelo Look.

Speaker 5 (48:00):
I suppose everybody's tuned in by now to the situation
with Donald Trump and Cyril Ramaposa. We're going to talk
to the High Commissioner of South Africa after six o'clock.
Just get Johnny's take his name is Johnny. Well, we'll
have chat to Johnny about what is going on in
South Africa, whether there is a problem now, I mean,
just go have a little bit of a Google. You'll
see that the threat of taking land away from people

(48:24):
in South Africa is very real. Government's passed the thing
in January where they said they're going to confiscate. Well,
that gives them the ability to confiscate land without compensation.
And of course who owns the vast majority of land
will be white farmers, so you know you can kind
of join those dots there. But anyway, we'll have a
chat about that after six o'clock. Next up Christine Rankin
on taking the doll off the teenagers.

Speaker 15 (48:48):
Away?

Speaker 6 (48:50):
Will your wallet have room to breathe?

Speaker 1 (48:53):
Bungeon twenty twenty five on hither duplessy Ellen Dry Live
from Parliament with One New Zealand.

Speaker 6 (48:59):
Let's get connected news talks. That'd be.

Speaker 8 (49:05):
All right.

Speaker 5 (49:05):
As I say, we've got the South African High Commissioner
with us after six o'clock on this meeting in the
White House. It's just taken place. We are also in
the six o'clock how we're going to talk about my
other favorite idea in the budget, which is the two
hundred million dollars for gas exploration and the basic and
how serendipit. What serendipity is this? Yesterday we were talking
to the gas guys and we just pitched this idea ourselves,
didn't We said, why doesn't the government put some money

(49:27):
towards it and then their skin in the game and
then you don't have to worry about labor coming and
stuffing things up later on. So anyway, they've done it.
The only question is is it enough? Because gas exploration
costs here like two point three point three billion dollars
or thereabouts, so it's a very small stake. But anyway,
we will discuss later on. The huddle is going to
be with us to discuss too. Right now, it is
twenty four away from six.

Speaker 6 (49:48):
Ever do for c Ellen now.

Speaker 5 (49:49):
One of the surprises from the budget is the move
to kick kids off the doll Eighteen and nineteen year
olds will not be eligible for the Job Seeker or
for the Emergency Benefit if their parents are able to help.
Former WINS boss Christine Rankin is all over this.

Speaker 24 (50:01):
Hello Christine, Hello Heather, do you like this. Yeah, I
love it, I absolutely love it. You know, no eighteen
or nineteen year old should be getting a message that
if they don't really make much effort, don't worry, the
government will fix it for them, and the benefits the
road to poverty. It's a terrible, terrible situation to allow

(50:25):
them to be in when they should be starting their
working life or or studying.

Speaker 5 (50:30):
How many kids, though, do you think, are at eighteen
or nineteen sitting around on the doll while actually living
with their parents, and how many of them will actually
be living independently in a flat just going away and
doing this kind of stuff.

Speaker 24 (50:42):
And look, they might be. But if that's the case,
here is the incentive, just like the other incentives that
have been given since this government came to par it's
been very serious about welfare and I think very responsible.
So if you're not living with your mum and dad,
if you're living in a flat, you're going to have
to get a job if you want to maintain that lifestyle,
or you're going to have to go home. And that

(51:04):
is fair and reasonable and responsible and giving exactly the
message they need. You know, Labour said to them, come in,
all of you, come in. We'll give you absolutely everything
and you can have it for as long as you like,
and you don't have to do a thing. How disgraceful
is that to anyone, let alone young people.

Speaker 5 (51:23):
Now, the only trouble that I can see with this
is that it seems reasonably easy to get around the rules.
You just move in with your girlfriend or your boyfriend,
don't you.

Speaker 24 (51:31):
Well, you've got to be married, don't you.

Speaker 5 (51:33):
Irenion or de facto, and de facto is basically like
you and I can be in a de facto if
we want to tomorrow.

Speaker 24 (51:40):
Of course we can. And so if they do have
had and I didn't realize that, well, look, you wouldn't
take much for your to organize that, whether it was
real or not, would it. So I think that that
was probably a silly thing to do as part of it.
I like the general thrust, I love the message. I
think it's really important to the young people in New Zealand.

(52:04):
But that isn't out that a lot of people I
would suspect would take advantage of.

Speaker 5 (52:10):
Christine has always good to talk to you. Thank you
so much. That's Christine Rankin, former Wins boss. Now, by
the way, I was confused earlier with Nikola about why
the Prime Minister is calling Chippy bow Jangles. And I've
had our text from the highest levels of government. I
don't want to say who, but the highest levels of
government to try to clarify it. And it's bo jandals,

(52:30):
bo jandals because he's flip flopping. That's what the Prime
Minister said in parliament.

Speaker 4 (52:35):
Here it is and of course, mister speaker, the worst
thing of all is the constant flip flopping from the
man that I call mister bo Jandals, Mister bo Jandals.

Speaker 1 (52:45):
The huddle with New Zealand Southeby's International Realty, find you
all one of a kind on.

Speaker 5 (52:49):
The huddle of me this evening, Craig Reny of the
Sea to you and Philo Riley of Iron Duke Partners in. Craig,
you had your hands, your head in your hands. This
is just too lame for you.

Speaker 17 (52:56):
Yeah, not really the kind of high level discourse that
we help de feinted in post.

Speaker 5 (53:01):
Well, listen, when you get into Parliament, I'm going to
hold you. I'm going to hold this as your standard
and if you do lame dad jokes, We're going to
put the same thing to you. Okay, deal. I love it.
What did you think phill of the budget?

Speaker 13 (53:12):
Is she business to Zealand use the word credible and
that's my old almal matters, you know, And I thought
there was actually pretty good, pretty good description of that
to thread the needle between fiscal consolidation, start to giving
that debt being paid down a well that's going to
be a year or two away, and at the same
time stay true to their growth agender. I think they
did a reasonable job of that. There'll be some complaints,
but certainly I think business peop would be prett supportedl I.

Speaker 5 (53:32):
Think that tax incentive thing is enough for growth.

Speaker 13 (53:34):
Yeah, it's actually quite good because it's not just the
challenge with a depreciation just on capital is if you
only put the depreciation on things you can hit a
handle with, like a machine or a car or a
truck or whatever, that misses out quite a bit of
the economy. Now, so the fact that they're also doing
it on software and it and stuff that that really
makes the difference.

Speaker 24 (53:52):
Bill.

Speaker 5 (53:52):
I mean, you talk about growth, what she said, half
of it is super charged in the first five years,
so that means we get point five percent of growth
over five years point one point one point.

Speaker 13 (54:01):
That's nothing, but it is it'll actually help build confidence
that people can investment. I was just thinking, I was
just talking my staff today, what we what can we
now buy? You know, because what's going on all all
these policies have an impact on it for a short
time because eventually starts to become just what we do
around here. So what if I was a sensible government,
you'd had that, you'd have it for four or five years,
and then you'd change it, you do something.

Speaker 5 (54:20):
The only reason I'm picking at this is because Trump
and Rishie Sunak both went one hundred percent time limited apparently, right,
So it just caused everybody to feel like they had
to invest immediately while their option was open for that
financial year, and they really got significant growth.

Speaker 13 (54:33):
Yeah, you'll also get pointless growth. Someone will invest just
because they can get one hundred percent back. So you
want you want to incentivize growth, but you want to
make that a logical pathway so that I just don't
go and buy five new computers because that's the pointless.
That's not productivity growth, that's that's.

Speaker 6 (54:45):
Actually a very fair point.

Speaker 17 (54:47):
We saw during COVID there was a very similar type
of project in order to encourage business confidence. What you
saw was businesses bringing forward investment that would have happened anywhere. Yeah,
just simply to get ahold of the tax benefit, so
if you allowed over a longer period time. But it
actually does that. The challenge I have is whether or
not it's really going to shift the needle, as you say,
in terms of our productivity and our growth problems. It's

(55:09):
quite small levels of change. Yes, it's an encouraging sign.
We want to see more investment in plant and equipment
and productivity, but that also means more investment in skills. Yeah,
it also means more investment, you know, in the population.
And we've just increased tuition fees by six percent. We've
just made a bunch of other changes that have made
it slightly harder to get into education. And so that's

(55:30):
the challenge is to get all those settings right at
the same time.

Speaker 13 (55:33):
And they didn't induce much on science, for example, which
is another one. Yeah, there was Actually they're just paying
for CALA and changes and so on, so no real
new investment. So hopefully that's next year, hopefully. But yeah,
I mean it's a use what I'm not criticistic, it's
usefuly for its bigger than I would have expected, but
to Christ's point, that could be more and I hope
they do.

Speaker 24 (55:49):
OK.

Speaker 5 (55:50):
And what do you think of the bout?

Speaker 17 (55:51):
Well, obviously from the cty u's perspective, our big concern
was the taking of the pay equity money. You know,
there's twelve point eight billion dollars been taken from that constant,
from that tingency. You know that works out at about
three hundred and sixty thousand dollars a day or six
thousand dollars essentially, and how have been taken from those workers?
We wanted to see that if it was going to

(56:12):
be taken, then expensed in things that would make a
real difference to the affected workforces. Instead, we didn't see that.
We saw benefits being taken from eighteen nineteen year olds. Fine,
but there's no clarity as to what parental levels of
responsibility look like. It looks like decisions are yet to
be made.

Speaker 5 (56:30):
Yes, that was weird. I thought that was weird. Did
you not think that was I thought it was very
stitch to have made. Can you go and announce that
you're going to take the doll off eighteen and nineteen
year olds and it's going to slave you what was
it one hundred and sixty three million dollars a year
or a four years? Sorry, but then you don't know
quite how the package.

Speaker 17 (56:43):
Were absolutely and from a technical perspective, in order to
be able to forecast the saving, you need to be
able to know how many people are not going to
receive that benefit.

Speaker 5 (56:51):
Yees now, Craig, you've worked on badgets right, sadly, So
what happened here? Let me just make this up at
the last minute.

Speaker 17 (56:57):
Honest answer is I don't know. My guess is that
they've made then assumption about the number of people who
won't be receiving that benefit, but they've yet to make
final decisions.

Speaker 5 (57:06):
But why would you not have made final decisions? Somebody
don't know, genuinely don't know.

Speaker 17 (57:11):
My guess is that the politics of that is that
they're still working out exactly how they're going to do
that and to how they're going to communicate it, and
they probably didn't want that to be a side show
when they were making the decisions today.

Speaker 6 (57:23):
Yeah.

Speaker 13 (57:24):
Now, it's a bit with lots of governments there where
you make a bit of a budget statement, it's a
bit of whoplar in Cloud.

Speaker 5 (57:30):
Had the time to finish it is that what it is?

Speaker 13 (57:32):
Well, it's also because it is a bit complicated to
try and work it out, and you're also working with
a set of officials with incomplete data and trying to
shift a big ship around to say what would this mean?
I mean, Amy, Steve's got a lot on So it's
I think it's a forgivable thing and it will hold
them to account if it's utterly wrong.

Speaker 6 (57:47):
Of course.

Speaker 17 (57:48):
The other thing is that there were a number of
other savings and changes in say the MSD, you know,
the welfare systems, and these are complicated systems that work together,
and so you need to make all these should make
all these decisions at want so you can work out
what's really happening. As Phil said, time will tell whether
or not we actually see some real unintended consequences of
that decision.

Speaker 5 (58:06):
Yeah, all right, we'll take a break. I want to
talk to you about key we Sabernicks at sixteen away
from six.

Speaker 1 (58:11):
The Huddle with New Zealand Southeby's International Realty achieve extraordinary
results with unparallel reach.

Speaker 5 (58:17):
Right back with the Huddle, Craig Grinny and Phil O'Reilly, Craig,
what did you make of the key we saber changes.
I reckon they don't go far enough. I would to
cut them for evoritebody.

Speaker 17 (58:25):
The concern I have for the qvciver stuff is that
it really impacts low income New Zealanders. Einstein famously said
the most powerful force in the universe wasn't gravity, it
was compound interest, and even small amounts of change for
low income groups can make a real difference to the
amount that they get to save over time. The extension
to seventeen, sixteen, seventy year olds, that's good, yep. But

(58:46):
the challenge we have is that even small changes make
big differences, and we end up paying for it anyway
later on, because we pay for it either through additional
support or housing, sport over other things.

Speaker 5 (58:56):
So the thing about it is we are actually giving
these people the pension, right, We're all going to get
the paintient hopefully whenever we hit sixty five, so we
basically we're double subsidizing this now.

Speaker 17 (59:06):
But the more we can make savings now, the more
that we can encourage a culture of saving now, the
more sustainable the pension system will be in the future.
And importantly, the deeper the capital we'll have in New
Zealand to support businesses, to support other investments. You only
need to go to Australia where they've got enormous pension
industries and they've got great public transport.

Speaker 5 (59:26):
And how much government contribution is there in Australia.

Speaker 17 (59:29):
So there's there's a government contribution to the employers pay
twelve percent overall. If we want to move to a
system where in New Zealand where employers are paying twelve percent,
I'm thoroughly behind you. They don't pay anything at all,
but in terms of the but also we only have
a three percent currently rising to four percent other time

(59:49):
employer contributions, so they can offset that on that site.
But in terms of New Zealand where even those small
changes I worry for low incomes for other income groups.
I think you know, it makes pretty marginal differences for
low income workers. It really does make a difference.

Speaker 13 (01:00:05):
In Australia, you get lots of text benefits by the way,
so that's the way that Australian government leads into it. Well,
I'm interested by the fact I agree with the means
testing of it. How Gooble you could have taken it
all away, but by buy Craig's point for the time being,
at least until the until the overall till till those
co payments come up a bit. So I think they've
probably got that about right. If you'd asked me this

(01:00:25):
question ten years ago, would employers support come from three
to four? I would have said no when I was
a business New Zealand. Right now, actually you didn't see
any comment from them today. Actually, because the employers now
kind of buy it. They've seen the benefit of it.
They really like the fact that they can have a
conversation with their new people about that. They feel as
though they're helping provide. So I actually think employers will

(01:00:45):
support four and four, and I think they'll actually support
more than that over time if it's well signaled. So actually,
I think the whole debate is changing. Where we've still
got it wrong is not means testing national super But
that's a debate that we'll have to have some of
the vision. I can see. I can be so old
because I don't have to about that, because I'm old
enough to get up with that worry about it. But yeah,
I think I think we do have to have a
conversation about rebalancing that whole issue, and I think we've

(01:01:06):
just started to do that today because we've unfrozen Kii
Saber as a public policy debate. And if I was
the finance and Super sick or, I'd be now saying, well,
what else can we do about Super?

Speaker 17 (01:01:17):
The one thing I really want to as I support
you in that because I think, you know, if businesses
are going to invest more, that's fantastic. There is a
loophole in the current proposals which does have my concern,
which is that an employee can choose he says with
air quotes to go back to three percent, and if
they do, their employer gets to.

Speaker 5 (01:01:34):
Go back to fay. Do you think there'll be pressure.

Speaker 17 (01:01:36):
I think you'll see a lot of contracts pre written
seeing I agree to only go to three percent and
as a consequence, the employer and he gets to go
to three percent.

Speaker 13 (01:01:44):
Yeah, I'd actually make that compulsory. I actually say to
the employers it's for for the first time, it's voluntary,
but a year after that it's compulsory. I actually do
that because, as I say, I think the employment now
employers will abuse me all night, no doubt, But I
actually think employers are up for this. And when I
talk to them, they they see the Australian situation and
they see exactly what Craig's talking about this and VISPA
and infrastructure that comes from the stuff and that and

(01:02:06):
the kind of the national security and feeling of well
being that comes from it. So I think they're up
for it, and I think we shall push it.

Speaker 17 (01:02:11):
Hit because one of the things we really need to
do in news in with our key receiver scheme is
eighty percent of our key receiver funds are actually invested overseas.

Speaker 5 (01:02:17):
Oh yeah, and one of.

Speaker 17 (01:02:18):
The things we should be looking at is if funds
are going to become more mandatory, if there's going to
be more put in, how can we make sure more
of that is being invested in New Zealand, so where
benefiting from that growth.

Speaker 13 (01:02:28):
And helping having in vistible proposition.

Speaker 5 (01:02:31):
You have agreed so much with each other that I
think feel that when Craig becomes an MP, you should
become his literatory, just as a side.

Speaker 13 (01:02:38):
Hasle I might even for Andrew Little Well.

Speaker 5 (01:02:41):
I would you, okay, very quickly, because I've only gone
about a minute least, welcome you to this save he's
getting the labor ros. I haven't got very long, so
just give me your stupid little names for the budget, please, Craig.

Speaker 17 (01:02:56):
You first, the reverse robin Hood budget. It's taking from
the from the poor and giving to the rich.

Speaker 5 (01:03:01):
Well, the rich is not feeling it because the rich
just got their key we save and contributions cut off.

Speaker 13 (01:03:05):
I think it's the needle. I think they've done a
good job of trying to thread that needle between growth
and consolidation.

Speaker 6 (01:03:10):
So good for them.

Speaker 5 (01:03:11):
Thank you both, really appreciate it. I'm enjoying this marriage,
this political marriage that's happening right now. Craig Rennie the
CTO in Philo Raleyvine Duke Partners and say it away
from six.

Speaker 1 (01:03:21):
It's the Heather Duper Cell and Drive Full Show podcast
on my Art Radio powered by news talk Zebbie.

Speaker 15 (01:03:30):
High.

Speaker 5 (01:03:30):
Heather Australian superannuation is not taxed when it's transferred from
pay Heather, correct me if I'm wrong. But a de
facto relationship legally is co habitating for three years or more. Look,
this is what I thought, and this is my friend.
Rachel likes to listen to the show and send me
just aggressive texts about facts that she thinks I get wrong,
and I got one of those from her today. I

(01:03:51):
have double checked this and it does appear. Look for
legal reasons. I think once you are living, when you're
living with somebody in a de facto relationship, if that
little money hungry person wants to come after your assets,
you have to have been together for a significant period
of time, being three years, before they can actually claim
half your stuff. But I'm not sure from what I

(01:04:12):
read online that you only get to call them your
de facto partner at three years, do you know what
I mean? Like, they can be your de facto partner
from the minute that you move in together. If you
are moving in to live together, they are your de
facto partner. From what I understand, it's only at the
three year mark that they can actually get out of
your stuff. But look, maybe maybe the government puts some
rules around it so Johnny can't just get his girlfriend

(01:04:32):
Cindy in and go Now give me the dull. Do
you know what I mean?

Speaker 11 (01:04:35):
That's constitute legal advice or relationship advice one hundred percent.

Speaker 5 (01:04:39):
I don't know. I just googled it, that's all. So
that's the kind of advice that I've given you now.
Laura the German opens the door just before. Because we're
in the in Parliament, they don't stick us in anywhere nice.
They're like, oh, look at these fly by nighters. They
can go in the old post office and stick them
in there. So anyway, I was complaining about the tea before.
About an hour ago, Laura opened the door and there
is somebody believe has left a little glad wrap box

(01:05:02):
of Oh no, okay, yeah, isn't that lovely? Well, okay,
we thought it was the Act Party because somebody's dropped
off a container of tea with a little act thing
on it. But Simon from the Act Party says it
wasn't them, so they're not going to get the credit.
But I do get a nice little act badge I
was supposed to do what with I don't really know.

(01:05:25):
Somebody will have to wear that. We're going to talk
after six o'clock about this gas thing I told you
about the gassing. Two hundred million dollars been set aside
for the Crown to co invest in gas exploration. The
idea behind this is basically so that if the Crown
has skin in the game, then we can get the
investors back in and they can start drilling for gas
and stuff like that. We're going to talk about whether
two hundred million dollars is enough. I suspect it's not,

(01:05:46):
and we're going to talk to the South African High
Commissioner as well very shortly. Also, can I just say
on that Smith and Koe decision yesterday, part of it
is blamed on Queen Street being a disaster disaster zone.
I saw some numbers. They did not realize how important
that part of Auckland City is. Apparently Auckland CBD is
only four point three square kilometers, but that generates twenty

(01:06:09):
percent of Auckland's GDP and Auckland generates forty percent of
the country's GDP, which means that little area there, that
four point three square case that area is eight percent
of New Zealand's GDP's. That's that's quite an intensive little
bit there. It is the largest employment center in the country.
So Auckland Transport take a little bit more care of

(01:06:30):
that place. It's making a lot of money for US
Newstalks B. If this were man.

Speaker 1 (01:06:45):
Going into the detail of budget twenty twenty five five,
finding the wins.

Speaker 6 (01:06:50):
And the losses possible who comes out on top.

Speaker 1 (01:06:54):
He's the Business Hour with Heather Dupersur live from Parliament's
where Maths Insurance had in that scroll your wealth to
protect your future.

Speaker 6 (01:07:02):
News Talk Savvy.

Speaker 5 (01:07:05):
Right coming up in the next hour. Sam Dickie's very
keen to talk about the key we saver changes. He's
with us half to half past the South African High
Commissioner about that White House meeting and end of Brady
is with us out of the UK at seven past
six now. The budget has put two hundred million dollars
into gas exploration. The money is going to be used
to take a ten to fifteen percent commercial steak in
oil fields and gas fields rather. Former CEO and president

(01:07:26):
of meth and X Bruce Aken is with us.

Speaker 15 (01:07:27):
Hey, Bruce, are good to have the good eving.

Speaker 5 (01:07:30):
Is it a good idea?

Speaker 19 (01:07:32):
Yes?

Speaker 7 (01:07:33):
I think it is.

Speaker 15 (01:07:33):
Anything that encourages exploration for natural gas is great. It's
a real pity that the government has to do it.
But I think there's an inevitability that you need to
take some risk out of exploration.

Speaker 5 (01:07:47):
I mean, obviously what it's going to the point of
this thing is to kind of put the governments a
bit of skin in the game and then encourage the
investors and say we're not going to get rid of
it because we now have money in it ourselves. But
surely it's only the things that we have in right.
Everything else is still at risk, isn't it?

Speaker 24 (01:08:03):
Yes?

Speaker 7 (01:08:03):
It is.

Speaker 6 (01:08:04):
The big issue here is maintaining the market.

Speaker 15 (01:08:07):
And when you think back to where those plants and
taranniki came from, they were created to create a market
for natural gas, and out of that then you get
natural gas for dairy natural gas for electricity generation, natural
gas that comes through our homes. So natural gas is
an incredibly useful product. You know, the rest of the

(01:08:28):
world is meeting their climate change challenges by getting out
of coal and internatural gas. What we've done in New
Zuanda is exactly the opposite. We've put a big dampner
on natural gas exploration and importing record quantities of coal
to keep the lights on over winter. So it makes

(01:08:48):
zero sense what has happened over the last five years.

Speaker 5 (01:08:51):
Would two hundred million dollars be enough because I would
have imagine that would be just enough to buy a
ten percent steak in perhaps one exploration.

Speaker 6 (01:08:59):
Isn't it.

Speaker 15 (01:08:59):
Yeah, it's not a lot of money in that industry,
and it could well be it's too little, too late,
but I think at least it's an effort to try
and address what is a I think it is a
desperate problem for our country.

Speaker 5 (01:09:11):
So we were talking. I was talking to somebody about
this in the budget lockup and they the point that
they made is we haven't found any new gas in
twenty years, and what gas we have found has not
turned out to be viable in terms of putting your
money into it. Is that right, Well, that's not entirely true.

Speaker 15 (01:09:26):
I think New Zealand is gas prone, so if you've
drill enough holes, you're going to find more gas. When
you found big fields like Maoy, like Poakura, and there
are other meaningful fields around the Taranniki basin, there will
be more gas out there. It's just a matter of
having a well planned program over a number of years.

(01:09:46):
And that's the problem with this industry. There's a very
long timelines. You spend a lot of money and then
you need a market for the gas at the end
of it. And it's only when the government kind of
steps in and takes old is some of that risk
that perhaps you can tempt others back into that space.

Speaker 5 (01:10:05):
Okay, So is this enough to tempt others back into
the space? Is this enough to get somebody to take
ninety percent with the government.

Speaker 15 (01:10:12):
Well, I guess we'll find out, like it probably isn't
that it's better than nothing.

Speaker 5 (01:10:18):
Yeah, hey, thank you so much. Bruce really appreciated, Bruce Akin,
former CEO and president of method X. Here that your
union guy. It was almost sensible earlier. What everyone missed though,
is that the Aussie Labour government has just introduced a
capital gains tax on unrealized gains on the key we
saver equivalent. Thank you very much for that. So here's
some little here's just a smattering of other money that's
being doled out by this budget. So there's money for

(01:10:40):
court cases to try to clear the backlog with specialist courts,
tribunals and so on, two hundred and sixty four million
dollars for that. There's about fifty million bucks towards science,
and that includes setting up a regulator to oversee gene technology.
But as was mentioned by the huddle, none of that's
new social houses, five hundred and fifty of them. That's
got one hundred and twenty eight million dollars there's more
help for pension with rates. They can earn more and

(01:11:02):
still get help with the rates, and then what help
they get with their rates they're entitled to more help.
There's an extra four one hundred million dollars for tertiary
education basically for subsidies and so on. One hundred and
three million dollars to upgrade youth justice facilities. Thirty five
million dollars to IID to keep chasing those tax avoids
and tax dodgers and whatnot. Four hundred and eighty million
dollars for the police to pay for the equipment that

(01:11:25):
was never paid for so that they could for those
eighteen hundred new cops paid for the cops didn't pay
for their gear and their infrastructure. Fifteen million dollars extended
to help the food banks. Four hundred and seventy two
million dollars for new prison guards, new government agency which
just ripped my ninety because I want to get rid
of them. Now I get another one invest New Zealand
set up to attract global capital and businesses and talent.
That's eighty five million bucks and twenty eight million dollars

(01:11:47):
to help the cost of setting up that mental health
phone line so the police don't have to deal with
it when they call one one. When someone calls one
one one and it says we've got a problem with
somebody with mental health issues. Set up the new phone
line out. Money's for that. Twelve pas six.

Speaker 1 (01:12:01):
It's the Heather Duper c Allen Drive Full Show podcast
on iHeartRadio powered by newstalg ZEPPI.

Speaker 5 (01:12:10):
Alright, it's quarter past six and we'll have a chat
to Liam Dan to get his reaction. Very shortly to
the budget as well. Historic scenes, though have played out
in the White House again today's we saw US President
Donald Trump met with South African President Cyril Ramoposa early
this morning, and then during the meeting, Trump rolled out
a large screen TV and instructed a staff as to
turn the lights down, and then played footage of what

(01:12:31):
Trump claims as an ongoing genocide against white farmers in
South Africa.

Speaker 1 (01:12:35):
These are veryal, says Radio. Veryal says, over one thousand
of white farmers.

Speaker 5 (01:12:47):
President Ramoposa, who was once actually Nelson Man Dallas chief negotiator,
was blindsided by the playing of the video.

Speaker 2 (01:12:52):
I'd love to know where that is because.

Speaker 5 (01:12:55):
This I've never seen South Africa's high Commissioner to New
Zealander is with is Johnny said, Johnny.

Speaker 19 (01:13:01):
Hello, Hello, Heather, good evening.

Speaker 1 (01:13:05):
Hi.

Speaker 5 (01:13:05):
Awkward to watch, wasn't it.

Speaker 19 (01:13:08):
Yes, it does. It does a bit of awkward. But
I think my President handled it a very very well,
although he did not expect it. But overall, I think
he did manage to explain to the President of the
United States, President Trump, that there is not genocide in

(01:13:34):
South Africa.

Speaker 5 (01:13:37):
They may not, Johnny, they may not be genocide, but
I mean we would all have to accept that it
is not a great time in South Africa to be
a white farmer, is there. I mean, there is the
violence and then there's the threat of having land confiscated.

Speaker 19 (01:13:50):
That's that's not true, Heather, South Africa. It's a normal country,
like any other country. Then the the President demonstrated yesterday
that we are a normal country. There is not genocide.
He also brought with him white farmers that came to

(01:14:13):
the White House with the with the with the President,
and those white farmers who spoke big business people. One
of them is the richest person in South Africa and
they were spoke.

Speaker 6 (01:14:26):
To Rupert.

Speaker 19 (01:14:27):
Yeah, he's one of the most the richest person in
South Africa.

Speaker 5 (01:14:32):
Look, I take the point though, that there is no genoside.
I mean, and and you know, there's obviously no evidence
of genocide. But it is hardly normal, Johnny, to have
a piece of legislation like the one that was passed
in January that allows the government to just confiscate land
without any kind of compensation if they want to.

Speaker 19 (01:14:49):
No, that legislation is actually misinterpretated, right. The The government
is not going to take really nearly land from the
people without negotiating with them.

Speaker 5 (01:15:07):
What the laws is available to them, though, isn't it, Johnny.
And if they decide that they need it for whatever
reason in the public interests, they are actually able to
do that the law government.

Speaker 19 (01:15:14):
Well, just like it happens anyway anywhere else in the world,
when the government wants to build an infrastructure like a
road or a rail or something, they will negotiate with
the land with their land owners and compensate them for it.

Speaker 5 (01:15:29):
Does it happen elsewhere in the world, though, that the
government can do that without any compensation?

Speaker 19 (01:15:35):
No, no, no, no, no, there is there Our law
doesn't say there is no compensation. That's what I'm saying
that the people are misreading our law and they are
misinterpreted book so their own advantage.

Speaker 5 (01:15:48):
Johnny. To be fair, I haven't gone to read the
law myself, but I have read multiple news agencies, including
for example example this example from Al Jazeera saying, while
the law does spell out fair compensation, it also allows
for seizure without compensation in certain circumstances, doesn't it.

Speaker 19 (01:16:06):
No, no, no, that is not true. That is not true.
Where there is no compensation. Is the land that is
lying in disused land that is lying fellow that has
got no no, no landowner or something like that, you
know that the state will take.

Speaker 5 (01:16:22):
It development, so you might I also read no plans
for development. So let's say somebody owns the land. It
might look fallow to you. They may have no plans
for development because they're just leaving it there. But they
own it. Then in that circumstance it it can be
taken without compensation. That's not fair. That tramples on property rights.

Speaker 19 (01:16:44):
Obviously, the government is going to follow processes. Yeah, they'll
have to find out who the land owner is. They'll
do all the attempts to find the land owner, and
after finding the land owner, they will enter into negotiations.

Speaker 6 (01:16:59):
The land, and I.

Speaker 19 (01:17:02):
Agree with the landowner on the fair amount to be
paid to him for that piece of land. So there's
narrative that there is a land that has been taken
with our compensation. It is not true. It is not true.
It doesn't happen. There is no one thing in South

(01:17:22):
Africa right now who can tell you that his land
was taken because the person.

Speaker 5 (01:17:28):
To be fair, the legislation was only passed in January.
That would probably explain that. I'll tell you what else, okay.
I I think that also it is kind of abnormal
internationally to have somebody like Julius Malema running around saying
kill the boot and that just being sort of accepted
as part of the public discourse. I mean, that's pretty wild.

Speaker 19 (01:17:48):
But you see one thing you must know right South
Africa is a democratic country. South Africa has got a
number of political parties. Off is Julius Malemma is one
of those political parties. Julius Malemba is not in government.
He is a leader of a small political party. So

(01:18:10):
whatever he says, he cannot be attributed to government. We
are I said, it's not a government policy.

Speaker 5 (01:18:17):
You know, I don't understand say that.

Speaker 19 (01:18:19):
Yes, So it is a party, so you cannot say
if some lettle party says something that you attribute to government.
You know, and.

Speaker 5 (01:18:27):
Johnny, nobody is blaming the government for it. It is
just an accepted part of political discourse, which is I
think would see quite uncomfortably if you are a white
farmer being threatened by one of your national leaders.

Speaker 19 (01:18:37):
Listenimately, I think, but you see, Heather, let me just
explain to you the meeting yesterday. You saw we had
four white business people. Those are the big businesses, right.
We had also one white minister, our Minister of Agriculture
who is a white person, and all of them, they

(01:18:59):
said publicly in the White House to Trump himself to
say there is no ghinocide. There is no such thing
in South Africa. So this narrative of genocide has been
manufactured elsewhere. It is not true. This is not happening.

Speaker 5 (01:19:16):
You're going to get no debate from me on that, Johnny, Listen.
I really appreciate your time and thank you very much
for having a chat to us. It's Johnny, said Twalle,
who is the South African High Commissioner to New Zealand,
might not be genocide. But I'll tell you what this
is incredibly uncomfortable. I would imagine for South Africa right
now having the spotlight on it just to this degree.
Six twenty two.

Speaker 1 (01:19:35):
Getting the Answers behind the numbers Budget twenty twenty five
on the Business Hour with hither do priscyl and why
from parliaments and mass insurance and investments, Grow your wealth,
Protect your future News Talks at me.

Speaker 5 (01:19:48):
It's six twenty five and Liam Dan, the Herald's Business
editor at large, is with us Leba hallo, Yeah, either right,
what do you reckon of the budget?

Speaker 14 (01:19:54):
What do I reckon of the budget?

Speaker 21 (01:19:55):
Oh?

Speaker 14 (01:19:56):
Gee, yeah, some good stuff and some maybe yeah, like
some not so good stuff. But look, I was pleased
to see the depreciation tax tax there. And there's you know,
they put growth budget at the top of things, and
you know they've got to do something that might actually
help help drive productivity and create some growth. So that

(01:20:17):
that's a positive.

Speaker 5 (01:20:19):
Yeah, And is that it? That's the only positive? Any
more negatives? Like what have you got?

Speaker 14 (01:20:24):
Give us some Well, look, you know, if you want
to start looking at the actual the numbers below the hood,
there's plenty of negatives. There's no question there. I mean
I was looking at the Treasury forecasts. If you look
at the top line numbers, they all look pretty good
if you if you take take them at face value,
which we probably shouldn't, but you know, two point nine
percent average growth over the next four years, three percent
growth in twenty seven. House prices are going to grow

(01:20:47):
six point seven percent by.

Speaker 5 (01:20:49):
Twenty twenty seven. It's a little bit rosy.

Speaker 14 (01:20:52):
That is very rosy, and it looks, you know, look it.
They're not taking too much of a punt on what
happens in the in the you know, the terror, turmoil
and all that sort of stuff.

Speaker 7 (01:21:02):
But you know, the.

Speaker 14 (01:21:03):
Rosy stuff, we could take that. But when you when
you look under the hood, I guess the issue is
that the government's just in that tight spot that we've
talked about before. So there are certainly people saying they
should have done more to cut back and try and
work a bit harder.

Speaker 7 (01:21:19):
To balance the books.

Speaker 14 (01:21:20):
I mean, there's no no surplus at all on the horizon.
If you use the traditional you know, operating balance measure,
the Obergel measure, and you don't just exclude acc which
is the ober Gel X. It's a bit like sort
of saying that you know, you know, I'm not spending
too much money as long as they don't count the
records I'm buying every week or something like that, so

(01:21:41):
you know, you can you can ring fence anything. But yeah,
so look, yeah it's a difficult one. I mean, I
think it's going to be a difficult one to sell
in some ways to a key WE savor was a
bit of give and take and maybe a step in
the right direction.

Speaker 5 (01:21:57):
I mean, I think they've kind of balanced things so
that they you know, a bit of criticism, a little
bit or not hate. Liam, Thank you as always really appreciated, mate.
Enjoy evening. That's Liam Dan. The Herald's Business editor at large,
Sam Dickey is going to be with us next to
talk about exactly what Liam just mentioned, the key we
saber changes here, the why waste time with someone loyal
to Rami Posa because the High Commissioner is the guy
and you know it's awkward for them, and that's why

(01:22:19):
he's defending the situations his job to defend his country.

Speaker 1 (01:22:21):
Headline's next, How does the budget affect you your business
and the wider economy? Budget twenty twenty five on the
Business Hour with Hither duplessy Ellen live from parliament and
mass insurance and investments, grow your wealth, protect your future
news talks that'd bed.

Speaker 5 (01:22:45):
Medi RADI, it's going to be with us out of
the UK very shortly. Hither I fled South Africa. I'm
a New Zealand citizen. Now I had to leave my
business and my farming operation behind to come and start over,
and all because I'm white. About sixty thousand South Africans
are leaving living in New Zealand. And we'll con firm
this farm murders are real. Being white in South Africa
is hard because you're being legislative, legislated against in so
many ways. Do you know what though I was reading

(01:23:07):
when I was reading about this today, the stuff that
goes on in that country is mind blowing. So I
can't remember which particular minister this is, but I feel
like like the Sports Minister or something like that. Anyway,
put out a job ad looking for some staff to
work in the office and said that the only applications

(01:23:27):
that they would accept were from applicants who were white
or colored or Asian because they had too many black
employees already. I mean, how crazy is that? Like, how
crazy is it to be completely obsessed with that kind
of thing, like, so what if you've got so what
if all your employees are black? Are they good at
their jobs? Who cares if the next one's black? Are
they the perfect one for your job? That's the only

(01:23:49):
thing that should matter. It shouldn't matter withther You've got
a smattering of this and a smattering of that, in
a little bit of that, just to mix things up.
Like anyway, they're completely obsessed with it a and I
suppose you can kind of cut them some slack because
you know, it's been obviously four of their mind for
blinkin coming up one hundred years now. But honestly, you know,
I mean, you're being colorblind in that situation. Will be

(01:24:09):
a relief, you'd think. Anyway. It's not looking good for Ukraine.
By the way, it's being reported by the Wall Street
Journal that Trump's told European leaders in a private phone
call that Putin isn't ready to end the war. And
that's based on the phone call that he had with Putin. Now,
this will be absolutely of no surprise whatsoever to Europe
because they've been saying that, bay, I mean saying, hey, Donald,
Vlad's not ready to end the war. He's playing you.

(01:24:31):
This's the first time that Donald has realized that Vlad's
not ready to end the war. So you know, baby steps.
I suppose twenty three away from.

Speaker 6 (01:24:38):
Seven, Heather dus.

Speaker 5 (01:24:40):
So we've got some burg changes coming to u KI.
We say a government is increasing the minimum contribution rate
for employees and employers, or the default rather, from three
percent to four percent. But at the same time it's
taken out. It's basically having its own contribution rate and
if you're earning too much money, you can get nothing
at all. Sam Dickey from Fisher Funds is with us.

Speaker 22 (01:24:57):
He Sam good even.

Speaker 5 (01:24:59):
So well, thank you. So what do you make Let's
start with the default rate going from three to four percent.
What do you think.

Speaker 22 (01:25:06):
I think it's exciting. It's exciting generally that we're paying
this much attention to something as critical as kiwi's retirement savings.
And that is a step in the right direction. So
we've gone from three percent to four percent. It's not
compulsory like it is in Australia, but it's a step
in the right direction. And as you know, what becomes
compulsory is if the employee does elect to put four
percent or contribute four percent of the key, we save it,

(01:25:28):
then it's compulsory that the employer matches it.

Speaker 7 (01:25:31):
Yeah.

Speaker 6 (01:25:32):
And the other thing, is that a step in the
right direction.

Speaker 22 (01:25:33):
I'm sure my thirteen and fifteen year old sons will
be delighted as the extension of the eligibility of the
government contributions to sixteen seventeen year olds.

Speaker 5 (01:25:41):
Does it mean your sons have to get jobs in
order to qualify for that?

Speaker 6 (01:25:46):
That's music to my ears.

Speaker 22 (01:25:47):
I hope that's the case.

Speaker 5 (01:25:49):
I love what we're doing here. What do you make
though off the government having its contribution for lower earners
and then cutting off the one to eighty thousand plus.

Speaker 22 (01:25:58):
I think balancing the book is important and that's part
of what they're trying to do there. But it's not
clear to me how harving of the government's contribution sends
the rights signal to savers.

Speaker 6 (01:26:08):
And when you.

Speaker 22 (01:26:09):
Compound two hundred and fifty bucks for forty seven years,
so say from the age of eighteen to the age
of sixty five, at market returns of say seven percent,
it comes to sort of sixty five to seventy thousand,
which is a big number. Having said that, they've come
all the way from matching US dollar for dollar to
matching US twenty five cents on the dollar. So it's
pretty clear the direction of travel.

Speaker 5 (01:26:29):
And do you believe the direction of travelers? The next
move is nobody gets a government contribution at all.

Speaker 6 (01:26:35):
I'm not sure about that.

Speaker 22 (01:26:36):
Like if you look around the world, in Australia there
is still government contributions for low income earners. And I
do think it does send a signal to savers. And
I do think that you know, the power of compounding
is real. And when you consider the average key we
save a balance today in New Zealand is less than
forty thousand dollars. That two hundred and fifty dollars matters
for an eighteen year old, that's seventy thousand dollars compounded

(01:26:59):
up with before seven years. So I do think this
signaling matters.

Speaker 5 (01:27:02):
And over in Australia, at what point what is the
income threshold before the government doesn't give you anything? At
what point are they still giving you money?

Speaker 22 (01:27:13):
Oh, I'm going to have to I mean, I imagine one.

Speaker 5 (01:27:15):
Because it must be lower than it is here, Sam,
one hundred and eighty thousand dollars is a reasonable whack.

Speaker 6 (01:27:20):
Yes, that's right.

Speaker 22 (01:27:22):
So what's that three to four percent of New Zealanders
and over that amount, and they're no longer eligible for
the two hundred and fifty dollars of government contributions.

Speaker 5 (01:27:29):
Which means they're not like ninety six percent of us
are eligible.

Speaker 22 (01:27:34):
That's right, we're eligible for the two hundred and fifty dollars.
And now our sixteen and seventeen year olds are eligible
as well. Now they take it, they take it from
the one hundred and eighty thousand dollars earners, and they
give it to our young leaders of tomorrow.

Speaker 5 (01:27:48):
I guess, yeah, which is fair enough. But I mean
if what you're trying to do is sort of you know,
I don't know. I mean I just think I probably
would have income tested at a lower level. But anyway,
I mean, what you were looking for here which is
more important? Does you? We're looking to see a bit
of a long term roadmap, right are you having to
I mean I don't. I don't think you got that.
So are you having to kind of fill it in
by filling in the blanks?

Speaker 6 (01:28:09):
I think so.

Speaker 22 (01:28:09):
I mean we would love I'm sure we and employers
and savers in other words, Kiwis would love to have
seen a ten year roadmap and so they can more
easily make a plan. And what I mean by that
is a plan on how to close the yawning gap
between the average kiis have a balance of approximately forty
thousand dollars and the six hundred and fifty thousand. Now

(01:28:30):
that's the midpoint of the range of a massive university
study that on average a couple needs a retirement and that,
by the way, that's assuming they are already living in
a mortgage free house. So that's a yawning gap between
the forty thousand dollars ballance today and six hundred and
fifty thousand dollars, and I think that needs long term
planning in a long term roadmap.

Speaker 5 (01:28:49):
Like you say, yeah, hey Sam, thank you. Always appreciate
talking to you, mate, appreciate your expertise that Sam Dickey
official funds. Hey, this is kind of a weird one.
So this being pitched at gen Z and it seems
no one else there is. As there's a way basically
that you can willingly sell your data online. So there's
an app that you can now download called verb dot

(01:29:11):
ai and if you put verb dot ai on your phone,
basically it will pay you to give it the permission
to track all of your data, and it seems like
a reasonable amount of money that it's gonna pay you,
like fifty US dollars or more a month, and it
goes up or down based on you know, how much
you use your phone or various other factors I guess,
like how much you're prepared to let it track and
so on. And then if you if you give it

(01:29:34):
the permission and you get paid the money, then it
will trackwork, you browse, track work, you buy, track with
streaming apps you use, and blah blah blah. It's like
basically a constant survey rather than you having to say, oh,
I spent so much time on Spotify today and I
loved to go and watch you know, Ship's Creek on
whatever whatever like, instead of like retrospectively telling people you know,

(01:29:56):
it's just real time collecting that data and apparent. And
why the pitching at gen Z is because apparently gen
Z don't mind because they are already so used to
the idea that they trade their data online, like for
using Facebook and stuff. They get Facebook for free and
then Facebook takes their data. They're so used to it
that they kind of feel like they may as well
just make money from it. So you go, there, you go,
there's another way. That's what you need to do. Get

(01:30:17):
the kids off the doll, get them the verb dot
ai and just sit them on the couch, just just
squirrel scrolling where they might make just as much money.
Seventeen away from seven.

Speaker 1 (01:30:26):
Getting the answers behind the numbers the Budget twenty twenty
five on the Business Hour with Hither Duke for cl
and Live from Parliaments and Mass Insurance and Investments, Grow
your Wealth, Protect Your Future.

Speaker 6 (01:30:38):
News talks at b in.

Speaker 5 (01:30:39):
The Brady are UK correspondents with us.

Speaker 21 (01:30:42):
Hello Ender, Hello Heather, I see you at the beehive.

Speaker 5 (01:30:46):
Yes we are. Have you ever been here?

Speaker 21 (01:30:49):
I've been past it yeah, actually yeah about twenty years ago.
And yeah it's not the prettiest. But then I saw
the German posted early on Instagram, so so I know
you are.

Speaker 5 (01:31:02):
Catching the German. I love it. Hey, Indu, So tell
me this is I mean, this is a terrible situation.
We've got the diplomats being shot at by the Israelis.

Speaker 21 (01:31:14):
Yes, so there's genuine outrage in many European governments today
over this. It will be a day for Israeli ambassadors
to be called in and I would say given a
massive dressing down over this. So for anyone who hasn't
seen what has happened, there was a group of diplomats,
government appointed diplomats from France, Spain, Ireland, The Russians were there,

(01:31:36):
the Chinese were there, some Egyptian diplomats as well. So
there these are, you know, genuine diplomats on a fact
finding mission in the West Bank. And what happened was
someone apparently stepped off a footpath and the Israeli soldier's
response was to fire at them live rounds. These are
not plastic bullets, these were live rounds. Now the Israeli

(01:31:57):
military say that there will be an investigation, we know
that won't go anywhere. So what's happening today is we're
going to see some return diplomatic action from those governments.
France and Spain in particular. Ireland won't be calling in
the Israeli ambassador because they left in a huff last year.
They felt Ireland was an anti Semitic country apparently, which

(01:32:19):
is just ridiculous. So they'll be called in, they'll be
given addriss dressing down. But you just wonder what goes
through someone's head to fire assault rifles at European diplomats.

Speaker 5 (01:32:30):
Yeah, totally, and explain to me what's going on with
this Irish reper Why was he flying to his ball
of leg.

Speaker 21 (01:32:37):
So they're from West Belfast. They are young Irish Republicans.
They are a group called Kneecap. They were nominated for
all sorts of film awards from Baftis. They were in
the running for Oscars last year. They are rappers. It's
a trio from West Belfast, young guys in their twenties.
Lim o'hannah is one of the lead rappers and he

(01:32:59):
got by the stage name Macora, which is an Irish
language phrase it means my friend. And what's happened is
they've got extremely popular. They're pushing the Irish language. They're
calling for Ireland to be united again for a thirty
two county republic, and their music is really streaming very well,
so they're making a lot of headlines. What has happened

(01:33:20):
is they've really upset the establishment here and of course
they've upset Israel because of their support for the Palestinian
people and the people of Gaza in particular. So people
have gone through the Internet. They've gone through videos and
there is an allegation that one of them flew a
Hezbola flag at a gig in North London in November. Now,

(01:33:41):
Hezbola is a banned organization in the UK. Support for
them is a political a criminal offense, I should say so.
A letter has been received by this rapper charging him
under counter terrorism legislation. He's due at Westminster Magistrates in June.
But I would say it's possibly the best publicity they

(01:34:01):
could have ahead of a busy summer of gigs. They're
even playing Glastonbury Festival.

Speaker 5 (01:34:05):
Here jays, Yeah, okay, that is good pablicity. Then hey,
in the now, you're going on a break. But are
you actually just going on gigantic run?

Speaker 21 (01:34:13):
Yes, so wait for us. I'm very nervous. I'm heading
to South America for the first time in my forty
nine years on God's Earth. I'm heading to Peru. There
is a race in the Amazon starting next Sunday called
the Jungle Ultra two hundred and thirty kilometers. Me my rucksack,
a sleeping bag and some food and a hammock. What

(01:34:34):
could possibly go wrong here?

Speaker 5 (01:34:35):
How long does it take you to run two hundred
and thirty ks, So.

Speaker 21 (01:34:39):
It's five marathons in five days.

Speaker 6 (01:34:41):
Roughly.

Speaker 21 (01:34:42):
You run, you camp, you sleep, you eat, you get
up and go again five times. Some of the fittest
people on Earth are heading there, and I'll be joining them.
So look, they're going.

Speaker 6 (01:34:53):
Tell me more about this.

Speaker 5 (01:34:54):
What are you carrying your own food?

Speaker 21 (01:34:57):
Yes, so it's like dried so it looks like sawdust
and then you add hot water and it turns magically
into carbonara or spaghetti or.

Speaker 5 (01:35:07):
Do you have to carry You don't have to carry
enough water for five days, do.

Speaker 21 (01:35:10):
You No, there's water stops every ten kilometers, so I
think the key, Yeah, the key to this will be
staying hydrated using my brain. And you know, there's some
people who are going to compete, and they are very
very fit, fast people. Good luck to them. I'm going
for the experience. I'm going to complete and if i
can get round and get a medal at the end,
I'll be very very happy. It's in a place called

(01:35:33):
Manu National Park, just on the border with Brazil, deep
inside the Amazon. And then yeah, I'm not great with
spiders and insects either, so never mind humidity and altitudes.
Let's see I'll have some yarns for you. When I
see in a fortnite Wow, in the.

Speaker 5 (01:35:47):
High burst of luck, you are honestly a superhuman go
and look after yourself and stay stay as safe as
possible into Brady UK correspondent and the show's Superman. Just
very quickly. It looks like the number of school kids.
I thought this was fascinating. A number of school kids
living in Wellington City has dropped off quite significantly. So
Infanmetrics has done the data and it looks like in

(01:36:08):
the last ten years has dropped off by about four thousand.
And it's the wealthy suburbs that are the biggest fallers.
It's the Seatoons and the Wades Town and the Calvins
and stuff and a god only knows where. Maybe families
can't afford to live in Wellington City. One primary school
Io School has lost one in three of their kids.
For every three kids, they've only got two now and
it looks like what's happened as a whole bunch of

(01:36:29):
them have moved out to the other suburbs. So the
region outside of Wellington City, like Churton Park and stuff,
has gone up. Maybe that's the explanation but isn't that strange?
Just all the kids leaving Wellington City. Eight away from seven.

Speaker 1 (01:36:41):
It's the heather too for see allan Drive full show
podcast on iHeartRadio powered by newstalk ZEBBI.

Speaker 5 (01:36:50):
Six away from seven. I have got a text here
high German. Yes, Laura, is this your first text? Is
this the first text of the text? Laura? Come here
that microphonees for you. I have had so many texts
asking me to just let you say one thing on
air so people can hear what you sound like and

(01:37:10):
if you actually sound like a German or not. So
tell me this. Let's do the test that we always
do for people. What did you have for lunch testing today?

Speaker 2 (01:37:20):
The lunch extra you today was quite exciting because in
the budget day lockup you get sushi.

Speaker 5 (01:37:24):
Yes, it's crap sushi the way because there's no meat
and there's it's tofu but there's no salmon. It just works.

Speaker 15 (01:37:33):
There were sandwiches sandwich.

Speaker 5 (01:37:36):
Oh, I had one with a relish and a cheese.
It was god. A fruit platter, yes, the for laffel
with the big the big do yogurt based thing.

Speaker 12 (01:37:47):
And here I think there was tea.

Speaker 5 (01:37:50):
Now what did you think of the German.

Speaker 12 (01:37:52):
She doesn't even sound.

Speaker 5 (01:37:54):
No, you don't. She's such a fake it. She puts
on it honestly just for the radio, puts on a
keywa accent. But the the time, like straight out of
the back blocks of Germany. Somewhere. We have got down.
Thank you for doing that, Laura. You are a good sort.
We're all very You should have warned me no, because
then you wouldn't have done it. You would have made
sure you were out of here by now where. It's
an honor to work with you in a blessing because

(01:38:15):
you do most of the work and then the rest
of us just look good. We have got down to
the we got to the bottom of who put in
the ACT party tea in the container for us? I
text David Seymour, I said, was it you? He said no,
because robots don't have hearts, obviously, But he says somebody
in his office did do it and has taken credit
for it at the Act Party post budget drinks, but

(01:38:35):
he couldn't say who it was, and so the you go, Simon,
the communications guy just Dona, I don't know what happened.
He should have taken credit for it, shouldn't he anyway,
So there you go to the act party. Thank you
for the tea you got us through.

Speaker 11 (01:38:48):
Go on, as I thought we'd go out with mister
bo Jangles today. Here mister bo Jangles, you may way
not know, was actually about a real person. It was
written by Jerry Jeff Walker when he was in jail
in New Orleans. He was in there for public intoxication
and there was a guy in the cell with him
who was a homeless guy who went by mister Bojangles
to conceal his true identity from the police. And apparently

(01:39:10):
he did a tap dance for them all in the
cell to keep their spirits up. This particular cover version
is by Robbie Williams. I'm sure the Prime Minister must
have heard it, which is where he got this funny
joke about the opposition leader today when.

Speaker 5 (01:39:20):
You say funny and what do you actually mean?

Speaker 11 (01:39:23):
Air quotes and you always wonder as well, did he
come up with or did one of his people come
up with it? But the fact that he made the
joke like twice in Parliament just to make sure everyone
got it. And then apparently somebody and his team sent
you a text reminding you of or possibly him reminding it.
I think that might be one of his, and I
think he might be quite proud of it. I don't
know if i'd be as proud of it as he is.

Speaker 5 (01:39:42):
Yes, funny joke, all right, listen, enjoy the receive evening,
see you tomorrow and you still sippy?

Speaker 15 (01:39:52):
I'm mister Jamles, come back, please.

Speaker 18 (01:40:03):
Go back at this.

Speaker 6 (01:40:04):
Can't miss the Botchers.

Speaker 1 (01:40:23):
For more from Hither Duplessy, Allen Drive, listen live to
news Talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio

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