August 3, 2025 • 11 mins
The Prime Minister is hoping to refocus secondary schools on literacy and numeracy - like the Government's done with primary schools.
A major announcement on the future of NCEA is expected in the coming moments.
It's understood public consultation will be launched on proposed changes -- in which teachers and parents can give feedback.
Christopher Luxon told Mike Hosking that the country needs an internationally competitive education system.
He says students can get through the current system without proficiency in the basics.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Being a Monday morning Crystal reluctions with us. Very good
morning to you with you the NCEEA announcement is coming
when because the media seem to have been building up
like this is going to the waters are going to
part in, something amazing is going to happen.
Speaker 2 (00:11):
So when is it being announced. It's coming out in
the next few hours. Eric and I are going to
make an announcement here in Auckland. It'll be quite massive.
But as you and I've talked before, it's just not
working for parents, teachers and principles. We need to get
back to teaching our kids and basics, and we also
need to set up a qualification frankly that's globally competitive
and actually more importantly educates our kids so we can
access higher paying jobs. So yeah, the next few hours.
Speaker 1 (00:35):
Is it prescriptive the announcement.
Speaker 2 (00:37):
Well, we want to make sure that there's a focus
on some core subjects, you know, like as we've said,
you know, going into high school, we've got challenges with
New Zealand students not being where they need to be
on reading, literacy and numeracy. We've put a big focus
on that as you've seen in the primary and intermediate
school sector as we go forward from here, you know,
want to make sure that we can't have what we've had,
(00:58):
which is sort of an assemblage of you know, tasked
to get credits for a degree and then still not
a qualification, and then not have our kids set up
to do the basics really well.
Speaker 1 (01:07):
So when does it just like the next few hours,
when does it start in the classroom?
Speaker 2 (01:11):
Weill and ounce all of that in the next few hours.
Speaker 1 (01:13):
Okay, so you're going to go out to a consultation.
Are you open to consultation? Is it just like, well, well.
Speaker 2 (01:17):
We want to hear the views, but we're pretty clear
about the direction of travel and fairness, you know, principles. Teachers,
parents have fed through a lot of you know, positions
that have actually led us to this point.
Speaker 1 (01:27):
Anyway, Okay, the here and now fifteen percent. You've said
on the show a number of times, we don't want
to be materially worse off than anyone else. You lose
because you are, well we are.
Speaker 2 (01:39):
You know, we've got a new minimum standard for those
countries that are selling more than buying from the U
than what they buy from the US. YEP, it's fifteen
percent is a minimum there's about forty countries in that group.
There are some that actually have higher than fifteen percent.
And yes, if you're on a deficit with the US,
which means you're you know, like the UK, like Australia frankly,
yet you're at ten percent. But I just say, Mike,
(02:01):
our exporters in America have been pretty agile. Our exports
to the US this year up six percent. And when
you're in a market I live there for eight years,
market a three hundred and fifty million people. There are
wealthy consumers whether they want our wine, our red meat,
that are prepared to pay premium, and a lot of
our exporters have been able to pass through the pricing
to the American consumer. Now it it'll create some difficulties
(02:24):
for some companies, no doubt about it, who may not
be able to fully pass it through. But you know, again,
our exporters are pretty agile, and they're moving around the world.
And it underscores yet again why from day one, you've
got to hustle. You've got to do trade with India,
you've got to do trade with the UEE, you got
to do trade with the EU and UK and other
places all around the world. So it's not what we wanted,
but you know, and it's pretty fixed. That's the standard
(02:47):
now in terms of a minimum for.
Speaker 1 (02:49):
So two parts out of that, Tim Grocers, whod you
stand zero chance of getting the suggested in any ways?
Speaker 2 (02:54):
You right, Yeah, I think it's pretty unlikely. Preson it's
pretty fixed in his firm views. But we still need
to have dialogue. Been in a relationship with the American administration.
I'd just say Todd McLay has a very good relationship
with his counterpart and we've had ongoing dialogue since the
announcement of tariff's in April. But yes, I want to
set expectations right that. I think it's pretty obvious that actually,
(03:16):
whether you've been in a more deep negotiations like say
the Swiss, you've ended up with thirty nine percent. You
know we've got the minimum we've got for countries that
are running our surpl So.
Speaker 1 (03:26):
You are hand on heart telling us you could have
done nothing more.
Speaker 2 (03:31):
Oh, I think we handled it very well. I think
we have very good engagement at official ministerial level, which
was important. This was a decision that was a blunt
decision made pretty last minute before the announcement, where the
president decided, actually, all countries with a deficit get ten minimum.
All countries with a surplus get fifteen minimum.
Speaker 1 (03:48):
Okay, I've read this weird article in a foreign media
outlet last week. Do you realize that bringing a cruise
ship to this country is the most expensive exercise in
the world.
Speaker 2 (04:01):
Yep, Why, well, there's a whole bunch of I think
we've we've got to go back and look at it.
Something Louise Upson and I've been talking about, there's a
whole bunch of pilava that we often make our cruise
ships go through coming into New Zealand, anti fouling, a
whole bunch of things around biosecurity that adds a huge
amount of cost to it. It's things frankly, also like
the ships have got bigger and you've actually haven't. We
(04:23):
haven't had infrastructure to support it. That's why the Ports
of Auckland, you know, getting their fast Track Application three
where they've got to do those two on one big
port extension. I think an extra three hundred meters to
enable larger ships to come in and out of the
country is actually a good thing. So yeah, we've got
if we want, we want cruise ships coming here. It's
a key part of the tourism sector. We are looking
at what are we making But when you're looking to
(04:44):
doing no, we are looking actively looking at what are
we doing that We don't want to We don't want
to make it harder for cruise ships to choose not
to come here.
Speaker 1 (04:51):
But they are because the numbers are plummeting. And this
what worried to me about this is this was off
sure reported. So that's our reputation being, you know, prooted
out for the world to read ab and go, well,
why would bother? Yeah, And that's why we're stuck.
Speaker 2 (05:03):
Just been two bits because the cruise ships around the
world are just getting much much larger. They building brand
new boats that are actually just.
Speaker 1 (05:08):
Didn't happened last Tuesday. We will know that everyone else.
Speaker 2 (05:11):
See, that's why. Yeah, But under the RMA, we're going
to take five years to extend a port. We're taking
six months to do it from go to woe to
get those consents in place. And then I think you're right.
There's other pieces to it, particularly as I understand around
now biosecurity ass which are quite onerous and you know,
Minister Hoggarten and help someone working that through as well.
Speaker 1 (05:30):
Okay, homelessness, is it a choice or not? In some cases?
Speaker 2 (05:34):
Oh, look, it's pretty complex issue, Like it really is.
Like you know, people will say, oh, just get get
homeless folk a house and everything be fine. Actually you
get into the issues and each individual circumstances pretty complex
and pretty You've got mental health issues, you've got addiction issues,
got a whole range of things. Uh, there'll be some
people who choose that, But actually I don't think. I
(05:54):
don't think people really choose that.
Speaker 1 (05:56):
I think it's about how we know it's so knowing
that and knowing it's gone on for years, do you
think now with some level of regret that you've got
a bit hard on it and you've got the homelessness
situation that you've got.
Speaker 2 (06:05):
No, No, I want to be really clear, because if
you just take a step back, homelessness end up thirty
seven percent on for the last administration, and we were
spending a billion dollars on emergency.
Speaker 1 (06:15):
Now that's because they've stuck them in motels there at
one point. But you stick them in a motel and
you think, oh, that problem will be solved. If you're
addicted to stuff in Europe. Whatever you need it, it's
never going to be solved. You need something bigger.
Speaker 2 (06:26):
So I think there's a few things going on. One
is we actually took to so people understand it. We
actually identified everybody in a motel with kids have been
there longer than twelve weeks. We put them to the
top of the state House wait list. The state House
weightless has come down by six thousand, by the way,
since come to power. We've got those people into dry
good homes. Then there's a question. We've got the state
House wasteless down, We've got rent stable. That's been helpful.
(06:48):
But now actually, as you heard Chris Bishop say, we
spending half a billion dollars with agencies and services around
supporting people with complex needs and homeless situations. He's happy
to look at it to make sure it's getting to
the right places.
Speaker 1 (07:00):
Okay, some accountants signed a letter, three thousand of them
said we want a capital gains taxing any chance next
year as part of the electro.
Speaker 2 (07:06):
Texting our way through this. We try that before text more,
spend more, borrow more. Frankly, that's what caused the miss
that from Chris sip constantine.
Speaker 1 (07:13):
Bit of reading over the weekend. Actually, I should ask
you about the president. When the president of your party
talks about your humanity and you know people need to
see your humanity is having to explain that part of
the problem.
Speaker 2 (07:29):
My humanity is on display and you'll show every every week.
Speaker 1 (07:31):
I mean, I'm not arguing. I appreciating when she turns up,
when she turns up at your conference and goes, oh,
we need to see is humanity? Is that part of
the problem.
Speaker 2 (07:40):
No, Look, I mean I don't think New Zealand is
really what we're talking about myself. You know, they want
me getting on and cracking on and sorting it out.
It's pretty simple. They elected us to change. They'll make
a decision in twenty twenty six where they think we're
on the right track, wrong track, right direction, wrong direction,
and these Zelanders will make that decision. I'm just very
focused on what I've got to do, which is get
us out of the hole that we've been in.
Speaker 1 (08:00):
Right. So I read four things over the weekend. Bruce
Cottrell did you read him in the Herald yesterday?
Speaker 2 (08:04):
I didn't read his articleout He's very good.
Speaker 1 (08:06):
Yes, William Nates got did you read his piece? Liam
dan Or William Dan My apologies. Okay, Damian Grant. You
read his piece yesterday, sometimes I do. Roger Partridge this morning,
you read his piece Roger Patrick. Okay, but you haven't
read that. So I've read all of them. They all
say the same thing. In fact, Damian Grant summed it
up best. He was talking about Kiwi Bank and you
(08:27):
wanted to do what you did last week with Kiwi Bank.
This is Jim Andersen's economic agenda being advanced by a
notionally conservative government. Is that part of your problem?
Speaker 2 (08:36):
I mean on the banking side, you know, putting five
hundred million dollars or Keybank being able to raise five
hundred million dollars to grow and to be able to
get four billion a lending out to businesses and ten
billion more out to retail customers. That's a good thing.
That puts more competition into the banking set.
Speaker 1 (08:51):
Point was that Act wanted to sell it and Jenny
Shipley wanted to sell it. So the National Party once
wanted to sell it. Now you want to advance it
and grow.
Speaker 2 (08:57):
It at something twenty five years ago. But we are
where we are right now. We've got a Commerce Commission
saying we haven't got enough innovation, we haven't got enough
competition in the banking sector. We've got things like the
open Banking piece. Yes we want to put you know,
five hundred million dollars a capital raise is going to
be you know, there's there's people out there that want
to invest in keep we bank to make sure it's
(09:17):
got cash that can actually be more competitive. I think
that's a bad thing.
Speaker 1 (09:20):
So from Roger Partridge, when populism drives policy, everyone pays.
He was going back to the button meeting at Nikola
Willison all that sort of stuff. Essentially, what these guys
are all saying is that you guys aren't.
Speaker 2 (09:31):
Up for much.
Speaker 1 (09:32):
Basically your fiddlers and the country's burning and it's still burning,
and the whole twenty twenty five here we go, rock
and roll isn't happening, and that's why you are where
you are in the polls, and that's why you've got
the problems.
Speaker 2 (09:43):
I disagree. You were going through the biggest recession since
the early nineteen nineties. We've had to take medicine as
we actually fixed spending, you know, inflation, interest rates, growth,
and unemployment, you know the other five things that happen
when you don't, when you lose shape on economic management,
which is what the last lot did. Where now when
you think about it, we're doing some pretty big things
we're going to we're reforming rm A. No government's done that,
(10:03):
lots have talked about doing it where it's going to
be a fantastic legacy of massive enablement to getting things
done and built in this country. Hard work, difficult work,
lots of detail, but we're moving it paced through that.
I think when you look at the announcement we'll make
around NCAA, the big decisions, they're important decisions that actually
set you yelling up in a very different way going forward.
So I think we've got the right long term economic plan.
(10:25):
We've got people still feeling the effects of cost of living,
but that is a function of you know, as we
worked our way through and had to take our medicine
after a massive party, going through a hangover. But you've
got to keep the faith and just sort of keep
the eye on the prize and work your way through it.
Speaker 1 (10:38):
This Wednesday, unemployment they say five point three from five
point one is if it's five point three, is that
it has it peaked well?
Speaker 2 (10:47):
I mean every forecast has said that this is the
time that it would be peaking, right, and it's the last,
but I mean just so, no.
Speaker 1 (10:53):
It's the last. But that's that's the reason for my
question is is this Wednesday as bad as it will be?
Do you think.
Speaker 2 (10:59):
That's what our belief is on the forecast? And we're
pretty much following the forecast that we're peaking about now
on unemployment. We've got forecast growth of two point seven
percent average per year out of the last budget. We've
got two hundred and forty thousand jobs coming in the
next four years, so you know, we want to see
it tapering down from here on through. And so so yeah,
it's not surprising it's peaking now good today. But if
(11:19):
you've been a business hanging with inflation and suppressed demand,
the last thing you left with is laying off workers.
And that's what you've seen in the last twelve months.
Speaker 1 (11:26):
And I appreciate your time. Seeing you next week. Good
to see it, Chris Luxon. For more from the mi
Casking Breakfast, listen live to news talks. It'd be from
six am weekdays, or follow the podcast on iHeartRadio.
Being a Monday morning Crystal reluctions with us. Very good
morning to you with you the NCEEA announcement is coming
when because the media seem to have been building up
like this is going to the waters are going to
part in, something amazing is going to happen.
Speaker 2 (00:11):
So when is it being announced. It's coming out in
the next few hours. Eric and I are going to
make an announcement here in Auckland. It'll be quite massive.
But as you and I've talked before, it's just not
working for parents, teachers and principles. We need to get
back to teaching our kids and basics, and we also
need to set up a qualification frankly that's globally competitive
and actually more importantly educates our kids so we can
access higher paying jobs. So yeah, the next few hours.
Speaker 1 (00:35):
Is it prescriptive the announcement.
Speaker 2 (00:37):
Well, we want to make sure that there's a focus
on some core subjects, you know, like as we've said,
you know, going into high school, we've got challenges with
New Zealand students not being where they need to be
on reading, literacy and numeracy. We've put a big focus
on that as you've seen in the primary and intermediate
school sector as we go forward from here, you know,
want to make sure that we can't have what we've had,
(00:58):
which is sort of an assemblage of you know, tasked
to get credits for a degree and then still not
a qualification, and then not have our kids set up
to do the basics really well.
Speaker 1 (01:07):
So when does it just like the next few hours,
when does it start in the classroom?
Speaker 2 (01:11):
Weill and ounce all of that in the next few hours.
Speaker 1 (01:13):
Okay, so you're going to go out to a consultation.
Are you open to consultation? Is it just like, well, well.
Speaker 2 (01:17):
We want to hear the views, but we're pretty clear
about the direction of travel and fairness, you know, principles. Teachers,
parents have fed through a lot of you know, positions
that have actually led us to this point.
Speaker 1 (01:27):
Anyway, Okay, the here and now fifteen percent. You've said
on the show a number of times, we don't want
to be materially worse off than anyone else. You lose
because you are, well we are.
Speaker 2 (01:39):
You know, we've got a new minimum standard for those
countries that are selling more than buying from the U
than what they buy from the US. YEP, it's fifteen
percent is a minimum there's about forty countries in that group.
There are some that actually have higher than fifteen percent.
And yes, if you're on a deficit with the US,
which means you're you know, like the UK, like Australia frankly,
yet you're at ten percent. But I just say, Mike,
(02:01):
our exporters in America have been pretty agile. Our exports
to the US this year up six percent. And when
you're in a market I live there for eight years,
market a three hundred and fifty million people. There are
wealthy consumers whether they want our wine, our red meat,
that are prepared to pay premium, and a lot of
our exporters have been able to pass through the pricing
to the American consumer. Now it it'll create some difficulties
(02:24):
for some companies, no doubt about it, who may not
be able to fully pass it through. But you know, again,
our exporters are pretty agile, and they're moving around the world.
And it underscores yet again why from day one, you've
got to hustle. You've got to do trade with India,
you've got to do trade with the UEE, you got
to do trade with the EU and UK and other
places all around the world. So it's not what we wanted,
but you know, and it's pretty fixed. That's the standard
(02:47):
now in terms of a minimum for.
Speaker 1 (02:49):
So two parts out of that, Tim Grocers, whod you
stand zero chance of getting the suggested in any ways?
Speaker 2 (02:54):
You right, Yeah, I think it's pretty unlikely. Preson it's
pretty fixed in his firm views. But we still need
to have dialogue. Been in a relationship with the American administration.
I'd just say Todd McLay has a very good relationship
with his counterpart and we've had ongoing dialogue since the
announcement of tariff's in April. But yes, I want to
set expectations right that. I think it's pretty obvious that actually,
(03:16):
whether you've been in a more deep negotiations like say
the Swiss, you've ended up with thirty nine percent. You
know we've got the minimum we've got for countries that
are running our surpl So.
Speaker 1 (03:26):
You are hand on heart telling us you could have
done nothing more.
Speaker 2 (03:31):
Oh, I think we handled it very well. I think
we have very good engagement at official ministerial level, which
was important. This was a decision that was a blunt
decision made pretty last minute before the announcement, where the
president decided, actually, all countries with a deficit get ten minimum.
All countries with a surplus get fifteen minimum.
Speaker 1 (03:48):
Okay, I've read this weird article in a foreign media
outlet last week. Do you realize that bringing a cruise
ship to this country is the most expensive exercise in
the world.
Speaker 2 (04:01):
Yep, Why, well, there's a whole bunch of I think
we've we've got to go back and look at it.
Something Louise Upson and I've been talking about, there's a
whole bunch of pilava that we often make our cruise
ships go through coming into New Zealand, anti fouling, a
whole bunch of things around biosecurity that adds a huge
amount of cost to it. It's things frankly, also like
the ships have got bigger and you've actually haven't. We
(04:23):
haven't had infrastructure to support it. That's why the Ports
of Auckland, you know, getting their fast Track Application three
where they've got to do those two on one big
port extension. I think an extra three hundred meters to
enable larger ships to come in and out of the
country is actually a good thing. So yeah, we've got
if we want, we want cruise ships coming here. It's
a key part of the tourism sector. We are looking
at what are we making But when you're looking to
(04:44):
doing no, we are looking actively looking at what are
we doing that We don't want to We don't want
to make it harder for cruise ships to choose not
to come here.
Speaker 1 (04:51):
But they are because the numbers are plummeting. And this
what worried to me about this is this was off
sure reported. So that's our reputation being, you know, prooted
out for the world to read ab and go, well,
why would bother? Yeah, And that's why we're stuck.
Speaker 2 (05:03):
Just been two bits because the cruise ships around the
world are just getting much much larger. They building brand
new boats that are actually just.
Speaker 1 (05:08):
Didn't happened last Tuesday. We will know that everyone else.
Speaker 2 (05:11):
See, that's why. Yeah, But under the RMA, we're going
to take five years to extend a port. We're taking
six months to do it from go to woe to
get those consents in place. And then I think you're right.
There's other pieces to it, particularly as I understand around
now biosecurity ass which are quite onerous and you know,
Minister Hoggarten and help someone working that through as well.
Speaker 1 (05:30):
Okay, homelessness, is it a choice or not? In some cases?
Speaker 2 (05:34):
Oh, look, it's pretty complex issue, Like it really is.
Like you know, people will say, oh, just get get
homeless folk a house and everything be fine. Actually you
get into the issues and each individual circumstances pretty complex
and pretty You've got mental health issues, you've got addiction issues,
got a whole range of things. Uh, there'll be some
people who choose that, But actually I don't think. I
(05:54):
don't think people really choose that.
Speaker 1 (05:56):
I think it's about how we know it's so knowing
that and knowing it's gone on for years, do you
think now with some level of regret that you've got
a bit hard on it and you've got the homelessness
situation that you've got.
Speaker 2 (06:05):
No, No, I want to be really clear, because if
you just take a step back, homelessness end up thirty
seven percent on for the last administration, and we were
spending a billion dollars on emergency.
Speaker 1 (06:15):
Now that's because they've stuck them in motels there at
one point. But you stick them in a motel and
you think, oh, that problem will be solved. If you're
addicted to stuff in Europe. Whatever you need it, it's
never going to be solved. You need something bigger.
Speaker 2 (06:26):
So I think there's a few things going on. One
is we actually took to so people understand it. We
actually identified everybody in a motel with kids have been
there longer than twelve weeks. We put them to the
top of the state House wait list. The state House
weightless has come down by six thousand, by the way,
since come to power. We've got those people into dry
good homes. Then there's a question. We've got the state
House wasteless down, We've got rent stable. That's been helpful.
(06:48):
But now actually, as you heard Chris Bishop say, we
spending half a billion dollars with agencies and services around
supporting people with complex needs and homeless situations. He's happy
to look at it to make sure it's getting to
the right places.
Speaker 1 (07:00):
Okay, some accountants signed a letter, three thousand of them
said we want a capital gains taxing any chance next
year as part of the electro.
Speaker 2 (07:06):
Texting our way through this. We try that before text more,
spend more, borrow more. Frankly, that's what caused the miss
that from Chris sip constantine.
Speaker 1 (07:13):
Bit of reading over the weekend. Actually, I should ask
you about the president. When the president of your party
talks about your humanity and you know people need to
see your humanity is having to explain that part of
the problem.
Speaker 2 (07:29):
My humanity is on display and you'll show every every week.
Speaker 1 (07:31):
I mean, I'm not arguing. I appreciating when she turns up,
when she turns up at your conference and goes, oh,
we need to see is humanity? Is that part of
the problem.
Speaker 2 (07:40):
No, Look, I mean I don't think New Zealand is
really what we're talking about myself. You know, they want
me getting on and cracking on and sorting it out.
It's pretty simple. They elected us to change. They'll make
a decision in twenty twenty six where they think we're
on the right track, wrong track, right direction, wrong direction,
and these Zelanders will make that decision. I'm just very
focused on what I've got to do, which is get
us out of the hole that we've been in.
Speaker 1 (08:00):
Right. So I read four things over the weekend. Bruce
Cottrell did you read him in the Herald yesterday?
Speaker 2 (08:04):
I didn't read his articleout He's very good.
Speaker 1 (08:06):
Yes, William Nates got did you read his piece? Liam
dan Or William Dan My apologies. Okay, Damian Grant. You
read his piece yesterday, sometimes I do. Roger Partridge this morning,
you read his piece Roger Patrick. Okay, but you haven't
read that. So I've read all of them. They all
say the same thing. In fact, Damian Grant summed it
up best. He was talking about Kiwi Bank and you
(08:27):
wanted to do what you did last week with Kiwi Bank.
This is Jim Andersen's economic agenda being advanced by a
notionally conservative government. Is that part of your problem?
Speaker 2 (08:36):
I mean on the banking side, you know, putting five
hundred million dollars or Keybank being able to raise five
hundred million dollars to grow and to be able to
get four billion a lending out to businesses and ten
billion more out to retail customers. That's a good thing.
That puts more competition into the banking set.
Speaker 1 (08:51):
Point was that Act wanted to sell it and Jenny
Shipley wanted to sell it. So the National Party once
wanted to sell it. Now you want to advance it
and grow.
Speaker 2 (08:57):
It at something twenty five years ago. But we are
where we are right now. We've got a Commerce Commission
saying we haven't got enough innovation, we haven't got enough
competition in the banking sector. We've got things like the
open Banking piece. Yes we want to put you know,
five hundred million dollars a capital raise is going to
be you know, there's there's people out there that want
to invest in keep we bank to make sure it's
(09:17):
got cash that can actually be more competitive. I think
that's a bad thing.
Speaker 1 (09:20):
So from Roger Partridge, when populism drives policy, everyone pays.
He was going back to the button meeting at Nikola
Willison all that sort of stuff. Essentially, what these guys
are all saying is that you guys aren't.
Speaker 2 (09:31):
Up for much.
Speaker 1 (09:32):
Basically your fiddlers and the country's burning and it's still burning,
and the whole twenty twenty five here we go, rock
and roll isn't happening, and that's why you are where
you are in the polls, and that's why you've got
the problems.
Speaker 2 (09:43):
I disagree. You were going through the biggest recession since
the early nineteen nineties. We've had to take medicine as
we actually fixed spending, you know, inflation, interest rates, growth,
and unemployment, you know the other five things that happen
when you don't, when you lose shape on economic management,
which is what the last lot did. Where now when
you think about it, we're doing some pretty big things
we're going to we're reforming rm A. No government's done that,
(10:03):
lots have talked about doing it where it's going to
be a fantastic legacy of massive enablement to getting things
done and built in this country. Hard work, difficult work,
lots of detail, but we're moving it paced through that.
I think when you look at the announcement we'll make
around NCAA, the big decisions, they're important decisions that actually
set you yelling up in a very different way going forward.
So I think we've got the right long term economic plan.
(10:25):
We've got people still feeling the effects of cost of living,
but that is a function of you know, as we
worked our way through and had to take our medicine
after a massive party, going through a hangover. But you've
got to keep the faith and just sort of keep
the eye on the prize and work your way through it.
Speaker 1 (10:38):
This Wednesday, unemployment they say five point three from five
point one is if it's five point three, is that
it has it peaked well?
Speaker 2 (10:47):
I mean every forecast has said that this is the
time that it would be peaking, right, and it's the last,
but I mean just so, no.
Speaker 1 (10:53):
It's the last. But that's that's the reason for my
question is is this Wednesday as bad as it will be?
Do you think.
Speaker 2 (10:59):
That's what our belief is on the forecast? And we're
pretty much following the forecast that we're peaking about now
on unemployment. We've got forecast growth of two point seven
percent average per year out of the last budget. We've
got two hundred and forty thousand jobs coming in the
next four years, so you know, we want to see
it tapering down from here on through. And so so yeah,
it's not surprising it's peaking now good today. But if
(11:19):
you've been a business hanging with inflation and suppressed demand,
the last thing you left with is laying off workers.
And that's what you've seen in the last twelve months.
Speaker 1 (11:26):
And I appreciate your time. Seeing you next week. Good
to see it, Chris Luxon. For more from the mi
Casking Breakfast, listen live to news talks. It'd be from
six am weekdays, or follow the podcast on iHeartRadio.
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