July 8, 2026 • 7 mins
Tonight on The Huddle, Phil O'Reilly from Iron Duke Partners and NZ Herald senior correspondent Katie Bradford joined in on a discussion about the following issues of the day - and more!
The Reserve Bank increased the OCR, for the first time in 3 years. Do we think this was the right call? Do we think this is good news for the state of the economy?
Both Labour and National have announced new solar-based policies. Do we think these can work? What did we make of the rollout?
What did we think of ACT's idea of a minimum three-year sentence for repeat burglars? Will this help?
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The huddle with New Zealand Southeby's International Realty a name
you can trust locally and globally.
Speaker 2 (00:06):
By the way, can I just say go Gemini, go
the Google? I reckon the Google one is better than
Chat GBT. For a bit there Chat GBT was better,
but now it's shite and now the Google the stock
standard Google one, go to AI mode. It's actually a banger.
Surprisingly forll O Riley, I own you, Partner's former Business
New Zealand Chief executive Katie Bradford, New Zealand here old
senior correspondent with US.
Speaker 1 (00:25):
Hello you too, You don't nay?
Speaker 2 (00:27):
I'm good? Thank you? Phil? Which one do you use?
Speaker 3 (00:31):
Oh? My staff us at Google? They Google one. Yeah.
It's great for restaurants. You mean you don't have to
go through the restaurant. It's fantastic. See what's a good
restaurant or what's a good bar?
Speaker 2 (00:39):
Yeah, you don't need to worry about that, Phil, because
you've got the Michelin stars. Just keep going to Otaga.
Speaker 3 (00:45):
That's all I do. I'll do that, okat So I
do use my staff. U is much more complicated ones
than that, But I don't.
Speaker 2 (00:51):
Know what they call I just pay on, Katie, I
don't know if you want to get involved in this.
Do you have a favorite.
Speaker 4 (00:55):
No, I'm an old school journohither I like to make
sure my sex are correct, right, worries may the idea
of using it and relying on to you still write
and shaming someone suit I do still use short end
yet despite all my years and radio and TV, still
use a little bit of shorthad. No one can read that,
including myself. But you know, I think.
Speaker 2 (01:15):
Actually we'll get your type out here. It will get
your typewriter clean for you.
Speaker 4 (01:17):
K I'm not Barry here, not bared.
Speaker 2 (01:20):
Not that now? Phil Wood? You reckon? Do you reckon?
The oci? I had to go up today?
Speaker 3 (01:24):
I think that well, it was a really a judgment Coughter.
You could see half the economsts were saying yes, half no.
When I was when I was at business US healing
commedy on these things, but more specifically over the years,
we said that the better idea was to do a
bit early rather than wait and then have to do
a lot later. And I think that's what they've done.
They've they've looked at the what's going on the economy
when we're out of hopefully we're out of the problems
of wormous. Now the economy looks like it might be
(01:47):
getting back on its feet, and so what they want
to do is get ahead of having to lift it
by you zero point seventy five or point five letter on.
The other hopeful thing about this is clearly they're seeing
an economy that's starting to grow, because if they were
seeing an economy that's in trouble, they wouldn't be doing it.
So I get some heart out of that, but they
just won't like it. But I think it's better take
a little bit of pain now rather than a lot
(02:07):
of pain latter. So in on balance, I think they
probably did.
Speaker 2 (02:10):
Thet think I feel, Katie, as if it was well signaled,
we were all expecting it. It didn't come as a surprise,
and that I think there is some value in that,
don't you think?
Speaker 3 (02:20):
Yeah?
Speaker 4 (02:20):
I think so. And don't forget this is the first hike,
I think in three years. It's a long time since
we've seen one. And if you listen to some of
the language used today, they're talking about getting the ocr
back to neutral, right, getting it back to midpoint. That
indicates that they're taking this as a hinting at what's
happening next. I agree with what Phil said that it
(02:40):
was about getting in the early There's been a lot
of criticism with we saw over the past few years
for not cutting fast enough and they're not hiking fast enough. Right,
They're going to be aware of all of that and
saying let's just so they're slowly. Now, see what happens
over the next couple of months. See if oil prices
say stay low, if we are now through the worst
(03:01):
of it, right, and they'll have a good idea in
six weeks time. How that's looking Yeah too right?
Speaker 2 (03:05):
All right, we'll take a break of you guys come
back and talk about the policies that have been announced today.
Speaker 1 (03:09):
The huddle with New Zealand Southeby's International Real Team, the
only truly global brand.
Speaker 2 (03:15):
You're back with the heart of Katie Bradford fellow Riley, Katie,
what do you make of Labour's solar policy versus National
solar policy?
Speaker 4 (03:21):
I went out to it today and you know, this
whole idea that you're copying one policy or another in
National got in first. We see this with every election campaign, right.
I think what's good about this that both parties have
released these solar policies and it's clearly been seen as
the way forward. That's the positive, and it whoever came
up with at first doesn't really matter. I'm sure we're
(03:44):
going to see the reverse happen any times.
Speaker 2 (03:47):
The difference is the difference between the two policies, I
think is quite illustrative, isn't it.
Speaker 4 (03:52):
Well, I've been interested in I discovered you talked about
this last night, the fact that they that these battery
power are solar units then actually legal in New Zealand.
So this idea that you're going to have something that's
going to help renters get sol about great until we
discover that New Zealand's regulations mean they're illegal and we
can't get them. And I got some more information from
the Minister's office about that today and it sounds like
(04:14):
it's going to be at least a year until they
will actually be able to have those come into the country,
So a while after before we see those policies. Labor
clearly trying to target it at lower and middle income
people and at renters as well, which is a key
difference there.
Speaker 3 (04:30):
What do you think, Phil, Yeah, that's right. I mean
the NATS put it out early. Yep, they've probably got
a bit of sniff of the wind that Labor might
say something, and it is sensible because it's not something
you'd necessarily traditionally think that that's what do might make
a make sort of subsidies for solar. So you know,
good good on them for the politics. But Katie, well,
what you're seeing here is Labor pointing more at the
renters and those sorts of people. That's pointing more at
(04:53):
the homeowner as well. Who knew that they would those
few political parties would do that. Of course they will.
One thing though, that my staff pointed out to me,
there's another one of the dreaded fiscal holes, potentially because
labor's saying they're going to fund it from the government's
turn of a million dollar gas security fund. But the
government course is saying, well, that's all fully allocated and
it's not repeating. It's just a one off fund. So
if the government does allocate all that money by the
(05:15):
election time, and they say they will, well Laby's going
to have to find another two on a million dollars.
So there's not a famous fiscal whole, no doubt that
we'll be debating for the next few months whether that's
real or not.
Speaker 4 (05:25):
They might have to cut that off their list then
as well, unless they can find some magic ups of
money from somewhere else. One hundred and sixty million dollars
down there again, I was asking today what happens. I
think that policy is really popular when that blows your
costings out as well, right if solar panels go out.
I interviewed someone from Ainzet in China the other day
about how popular solar panels are and China's exporting huge
(05:48):
numbers of them. We're at the bottom, you know, we're
going to be at the bottom of the queue in
terms of getting those. That's going to push up prices.
Demand goes high, they may become far too expensive for
people as well.
Speaker 2 (05:57):
Yeah, fair point. Hey Phil, what do you make of
the three strike for burglar three years minimum?
Speaker 3 (06:02):
I just disagree with that. This this sort of three
strike stuff. It's a bit like I'll only entropass that
regulation if you withdraw a regulation one and one at regulation.
It sounds simple, it sounds kind of attractive, and it
just doesn't work. It's wrong, So I just don't buy it.
I think you sure have more penalties for burglary, have
higher penalities for burglary. Sure work with the young people.
(06:23):
Maybe the people are committing these burglaries to try and
make sure they don't happen. But that kind of retail
politics are the three strikes, I just don't buy it.
Speaker 2 (06:29):
Would you prefer a one strike because I'm on board
with that. I reckon one strike, and you're in the slang.
Speaker 3 (06:35):
I could see, I could see a little more harsh
treatment of burglaries because some of it's just out of hand,
you know, when you're seeing you know, the shoplifting and
some of the stuff going on, particularly where the threats
of violence associated, whether or there was actual violence associated
with it. Absolutely it's treated as a victim's crime. A
but at the moment because the police they well, you
know it'll be yet they're insured. Well, actually you're not.
(06:55):
It's much more harmful than that. So sure tougher penalties.
But the three strike stuff is is retail publics. I
just don't buy it, Katie.
Speaker 4 (07:02):
Also, a lot of them don't get investigated. I'm not
a big fan of three strikes either. But as a
victim of a burglary, someone broke into my house and
stole a lot of stuff, a lot. Please don't even
investigate it. Nothing even happened. So you can have three
strikes all you like, but if the police aren't ever
they come and took fingerprints and that was it. And
so if it's not actually investigated, you can't put someone
(07:23):
in jail for it, can you.
Speaker 2 (07:24):
Yeah, it's a fair point. It's not taken seriously, which
is kind of what Phil was saying. Guys, thank you
very much. Have a lovely evening between the two of you.
Speaker 1 (07:29):
That's fellow.
Speaker 2 (07:30):
Riley and Katie Bradford a huddle this evening, eight away
from six.
Speaker 1 (07:34):
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
The huddle with New Zealand Southeby's International Realty a name
you can trust locally and globally.
Speaker 2 (00:06):
By the way, can I just say go Gemini, go
the Google? I reckon the Google one is better than
Chat GBT. For a bit there Chat GBT was better,
but now it's shite and now the Google the stock
standard Google one, go to AI mode. It's actually a banger.
Surprisingly forll O Riley, I own you, Partner's former Business
New Zealand Chief executive Katie Bradford, New Zealand here old
senior correspondent with US.
Speaker 1 (00:25):
Hello you too, You don't nay?
Speaker 2 (00:27):
I'm good? Thank you? Phil? Which one do you use?
Speaker 3 (00:31):
Oh? My staff us at Google? They Google one. Yeah.
It's great for restaurants. You mean you don't have to
go through the restaurant. It's fantastic. See what's a good
restaurant or what's a good bar?
Speaker 2 (00:39):
Yeah, you don't need to worry about that, Phil, because
you've got the Michelin stars. Just keep going to Otaga.
Speaker 3 (00:45):
That's all I do. I'll do that, okat So I
do use my staff. U is much more complicated ones
than that, But I don't.
Speaker 2 (00:51):
Know what they call I just pay on, Katie, I
don't know if you want to get involved in this.
Do you have a favorite.
Speaker 4 (00:55):
No, I'm an old school journohither I like to make
sure my sex are correct, right, worries may the idea
of using it and relying on to you still write
and shaming someone suit I do still use short end
yet despite all my years and radio and TV, still
use a little bit of shorthad. No one can read that,
including myself. But you know, I think.
Speaker 2 (01:15):
Actually we'll get your type out here. It will get
your typewriter clean for you.
Speaker 4 (01:17):
K I'm not Barry here, not bared.
Speaker 2 (01:20):
Not that now? Phil Wood? You reckon? Do you reckon?
The oci? I had to go up today?
Speaker 3 (01:24):
I think that well, it was a really a judgment Coughter.
You could see half the economsts were saying yes, half no.
When I was when I was at business US healing
commedy on these things, but more specifically over the years,
we said that the better idea was to do a
bit early rather than wait and then have to do
a lot later. And I think that's what they've done.
They've they've looked at the what's going on the economy
when we're out of hopefully we're out of the problems
of wormous. Now the economy looks like it might be
(01:47):
getting back on its feet, and so what they want
to do is get ahead of having to lift it
by you zero point seventy five or point five letter on.
The other hopeful thing about this is clearly they're seeing
an economy that's starting to grow, because if they were
seeing an economy that's in trouble, they wouldn't be doing it.
So I get some heart out of that, but they
just won't like it. But I think it's better take
a little bit of pain now rather than a lot
(02:07):
of pain latter. So in on balance, I think they
probably did.
Speaker 2 (02:10):
Thet think I feel, Katie, as if it was well signaled,
we were all expecting it. It didn't come as a surprise,
and that I think there is some value in that,
don't you think?
Speaker 3 (02:20):
Yeah?
Speaker 4 (02:20):
I think so. And don't forget this is the first hike,
I think in three years. It's a long time since
we've seen one. And if you listen to some of
the language used today, they're talking about getting the ocr
back to neutral, right, getting it back to midpoint. That
indicates that they're taking this as a hinting at what's
happening next. I agree with what Phil said that it
(02:40):
was about getting in the early There's been a lot
of criticism with we saw over the past few years
for not cutting fast enough and they're not hiking fast enough. Right,
They're going to be aware of all of that and
saying let's just so they're slowly. Now, see what happens
over the next couple of months. See if oil prices
say stay low, if we are now through the worst
(03:01):
of it, right, and they'll have a good idea in
six weeks time. How that's looking Yeah too right?
Speaker 2 (03:05):
All right, we'll take a break of you guys come
back and talk about the policies that have been announced today.
Speaker 1 (03:09):
The huddle with New Zealand Southeby's International Real Team, the
only truly global brand.
Speaker 2 (03:15):
You're back with the heart of Katie Bradford fellow Riley, Katie,
what do you make of Labour's solar policy versus National
solar policy?
Speaker 4 (03:21):
I went out to it today and you know, this
whole idea that you're copying one policy or another in
National got in first. We see this with every election campaign, right.
I think what's good about this that both parties have
released these solar policies and it's clearly been seen as
the way forward. That's the positive, and it whoever came
up with at first doesn't really matter. I'm sure we're
(03:44):
going to see the reverse happen any times.
Speaker 2 (03:47):
The difference is the difference between the two policies, I
think is quite illustrative, isn't it.
Speaker 4 (03:52):
Well, I've been interested in I discovered you talked about
this last night, the fact that they that these battery
power are solar units then actually legal in New Zealand.
So this idea that you're going to have something that's
going to help renters get sol about great until we
discover that New Zealand's regulations mean they're illegal and we
can't get them. And I got some more information from
the Minister's office about that today and it sounds like
(04:14):
it's going to be at least a year until they
will actually be able to have those come into the country,
So a while after before we see those policies. Labor
clearly trying to target it at lower and middle income
people and at renters as well, which is a key
difference there.
Speaker 3 (04:30):
What do you think, Phil, Yeah, that's right. I mean
the NATS put it out early. Yep, they've probably got
a bit of sniff of the wind that Labor might
say something, and it is sensible because it's not something
you'd necessarily traditionally think that that's what do might make
a make sort of subsidies for solar. So you know,
good good on them for the politics. But Katie, well,
what you're seeing here is Labor pointing more at the
renters and those sorts of people. That's pointing more at
(04:53):
the homeowner as well. Who knew that they would those
few political parties would do that. Of course they will.
One thing though, that my staff pointed out to me,
there's another one of the dreaded fiscal holes, potentially because
labor's saying they're going to fund it from the government's
turn of a million dollar gas security fund. But the
government course is saying, well, that's all fully allocated and
it's not repeating. It's just a one off fund. So
if the government does allocate all that money by the
(05:15):
election time, and they say they will, well Laby's going
to have to find another two on a million dollars.
So there's not a famous fiscal whole, no doubt that
we'll be debating for the next few months whether that's
real or not.
Speaker 4 (05:25):
They might have to cut that off their list then
as well, unless they can find some magic ups of
money from somewhere else. One hundred and sixty million dollars
down there again, I was asking today what happens. I
think that policy is really popular when that blows your
costings out as well, right if solar panels go out.
I interviewed someone from Ainzet in China the other day
about how popular solar panels are and China's exporting huge
(05:48):
numbers of them. We're at the bottom, you know, we're
going to be at the bottom of the queue in
terms of getting those. That's going to push up prices.
Demand goes high, they may become far too expensive for
people as well.
Speaker 2 (05:57):
Yeah, fair point. Hey Phil, what do you make of
the three strike for burglar three years minimum?
Speaker 3 (06:02):
I just disagree with that. This this sort of three
strike stuff. It's a bit like I'll only entropass that
regulation if you withdraw a regulation one and one at regulation.
It sounds simple, it sounds kind of attractive, and it
just doesn't work. It's wrong, So I just don't buy it.
I think you sure have more penalties for burglary, have
higher penalities for burglary. Sure work with the young people.
(06:23):
Maybe the people are committing these burglaries to try and
make sure they don't happen. But that kind of retail
politics are the three strikes, I just don't buy it.
Speaker 2 (06:29):
Would you prefer a one strike because I'm on board
with that. I reckon one strike, and you're in the slang.
Speaker 3 (06:35):
I could see, I could see a little more harsh
treatment of burglaries because some of it's just out of hand,
you know, when you're seeing you know, the shoplifting and
some of the stuff going on, particularly where the threats
of violence associated, whether or there was actual violence associated
with it. Absolutely it's treated as a victim's crime. A
but at the moment because the police they well, you
know it'll be yet they're insured. Well, actually you're not.
(06:55):
It's much more harmful than that. So sure tougher penalties.
But the three strike stuff is is retail publics. I
just don't buy it, Katie.
Speaker 4 (07:02):
Also, a lot of them don't get investigated. I'm not
a big fan of three strikes either. But as a
victim of a burglary, someone broke into my house and
stole a lot of stuff, a lot. Please don't even
investigate it. Nothing even happened. So you can have three
strikes all you like, but if the police aren't ever
they come and took fingerprints and that was it. And
so if it's not actually investigated, you can't put someone
(07:23):
in jail for it, can you.
Speaker 2 (07:24):
Yeah, it's a fair point. It's not taken seriously, which
is kind of what Phil was saying. Guys, thank you
very much. Have a lovely evening between the two of you.
Speaker 1 (07:29):
That's fellow.
Speaker 2 (07:30):
Riley and Katie Bradford a huddle this evening, eight away
from six.
Speaker 1 (07:34):
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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