Full Show Podcast: 02 December 2025

Episode Transcript
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Speaker 1 (00:00):
You're Trusted Home for News, Sport, Entertainment, Opinion and Mike
the Mic asking Breakfast with a Veda, Retirement, Communities, Life,
Your Way, News, togs Head.

Speaker 2 (00:12):
B Borning and Welcome Today. The rights Cap What it means?
Will you notice Centaer's twenty twenty nine So far away
you don't actually care? New insight into how much we
love our Houses looks like a coup and Netball New Zealand.
David Williams back for a catch up after Raycats from
Field and France. Rob Little is in.

Speaker 3 (00:27):
The UK bos.

Speaker 2 (00:29):
Tasking well, Welcome to Tuesday seven past six. One of
the vagaries of MMP most likely is going to play
out again next year. This is the overhang. The Labour Party,
at their conference over the weekend, launched a full out
pitch for a reclaim of all seven seats they currently
hold one. The rest belong to the various factions of
the Maori Party, which might be why attacker to Ferris
suggested that Labour should be smart and come to some

(00:50):
sort of arrangement, the arrangement being the Maray Party or
factions or splintered aspects of it, take the seats, get
the overhang and therefore make it mathematically harder for the
government to keep on being the government.

Speaker 4 (01:00):
Now.

Speaker 2 (01:00):
Maybe Pharah said that because he's afraid he can't win
his seat as an independent nowadays. But think about it
from Labour's point of view, whether they win those seats
or not doesn't change their overall haul. If you get
thirty percent of the vote, they get thirty percent of
the seats. When the Marory seat, they merely get subtracted
from the list delocation, whereas the Maori Party aren't going
to get the size of vote to justify their seats,
hence the overhang. Personally, if I was running the world,

(01:24):
the overhang would be banned. I mean, how winning an
electric gets you a discount on the threshold. I've got
no idea, But that's why we have one hundred and
twenty three MPs. So do the math split one twenty three.
You need sixty two as opposed to the sixty one normally.
Could the one be the difference in a tight race?
You bet it could. Also, deals are not new to MMP,
so it's not like Labour look desperate. In fact, given

(01:44):
their performance in the Auckland by election the other day,
they may save themselves some embarrassment. But equally is the
Maori Party in any sort of shape to believe they
can stand any chance when judgment day arrives about this
time next year. Deal or no deal is the question.
Labour seems to have answered it. So if they win
and wipe out or damage the coalition partner, who then

(02:04):
is the real winner?

Speaker 1 (02:06):
Why news of the world in ninety seconds.

Speaker 2 (02:10):
Let's start in the UK, where the PM is working
as tail off defending his chancellor from relegation. She must
led the nation over the state of the budget.

Speaker 5 (02:16):
Yes, of course all the other figures have to be
taken into account, but we started the process with significantly
less than we would otherwise have had.

Speaker 2 (02:24):
A hada he works the more Keemy loves it.

Speaker 6 (02:26):
We have this woman on video saying all sorts of
things after the election, after the last budget, during the
last budget, things that are clearly categorically not true. She
has lied and lied and lied again. I think that
she put up tacks when she didn't need to. She
should reside.

Speaker 2 (02:42):
Also in British politics, the story of former minister Tulip Sedik,
who's been sentenced to jail in Bangladesh. It tebra Land
deal not that she is admitting there.

Speaker 7 (02:50):
I feel like I'm in some sort of Kafka's nightmare
where I'm carrying on doing my day job. But on
the other hand, I'm apparently being convicted in Bangladesh, and
the only reason I know I'm being convicted is because
I read it in the newspapers.

Speaker 2 (03:05):
And then to the football, we're MP's acquizzing the coppers
over this mccabi Jewish football fake match band mess thing.

Speaker 8 (03:11):
Does it not point to your due diligence for you
to include a fictitious match or the internet? Does that
not point to something rotten in the state of the
way you were doing it? If you could, that could
creep through.

Speaker 3 (03:25):
I don't think it does.

Speaker 2 (03:26):
No, no stateside couple of things. So one man, Gianni's
back and caught. His supporters are there with the protest.
We have to ask what other ways can the American
public communicate with the healthcare system?

Speaker 4 (03:37):
Because we lobby, we protest, we speak to our legislators.

Speaker 2 (03:41):
And it was only this death that has put the
healthcare system under so much scrutiny. With logic, anyone to
the higgsys blow up those Narco's routine. He seems to
be running. That's got the attention of a lot of people.

Speaker 9 (03:53):
I don't know that that happened, and Pe said he
did not want them.

Speaker 3 (03:57):
He didn't even know what.

Speaker 10 (03:58):
People were talking about.

Speaker 11 (04:00):
So we'll look, we'll look into it. But no, I
wouldn't have wanted that.

Speaker 10 (04:04):
Nine a second strike.

Speaker 2 (04:05):
Nothing to see here. Finally, the Cornish language, known locally
as Kennewick, is only spoken by about five hundred and
sixty seven people these days as their main language. There
are about five thousand others that say they got a
basic tasker under a charter that Britain signed up to.
Languages that are protected must have measures adopted to make
sure it doesn't disappear, so it will now be used
in things like court cases in Cornwall alongside English. As

(04:28):
well as the judge speaking of his book as Near
as the World in nineties, what can exacally about the
global economy? Factory activity in China missed again, so they
don't seem to be able to dig themselves out of
the quagmire. And having told you that India yesterday GDP
was going off like a firecracker. Their industrial production number
this morning's blown everybody away. Because the poll was expecting
three point one percent. Did it come in at three

(04:49):
point one percent? No, it did not. It came in
at zero zero point four percent. Twelve past six.

Speaker 1 (04:57):
The Mike Hosking Breakfast Full Show podcast on aheart radio.
Now if my news talk Tippy.

Speaker 2 (05:05):
The OBR guy in Britain's just resigned. That's the budget
responsibilities to go leaked the budget and now really so
he's now gone. We'll talk talk more with Rod later on. Also,
speaking of the UK, they've done a deal Labor Night
with the US. They've agreed to keep tariffs on UK
pharmaceuticals at zero, which is good for companies like GSK
and Astrazenica. Of course, Trumpet threatened one hundred percent, so

(05:26):
they cut of the ILK. Fifteen past six, I'm sure
and partners. Rauquella her, good morning, Good morning, Mic Now
building since consents are we building? Is there a trend?

Speaker 11 (05:37):
I think so good.

Speaker 12 (05:39):
So we've got this kind of weird countdown to Christmas, now,
don't we wear We've only got a couple of weeks
before we enter the sort of twilight zone for business,
which usually last late December of most of January. So
Dartan the since a couple of weeks. I think is
quite important sort of sets the scene for that period.
And I've been keeping a cheeky little eye on building consents, Mike,
because there has been a modest improvement going on for

(06:01):
the last three month, and data release yesterday supports that
improving trend. Just before you get all excited, though, you
need to sort of curb your enthusiasm, because the quantum
of the increase isn't large, but it is improving. It's
just not improving a great rate of knots. You had
thirty five thousand, five hundred and fifty two new homes
consented in the year ended October twenty twenty five. That's

(06:22):
up six point two percent on a similar period last year.
The key observation here is that confidence seems to have
returned into that higher density space, so that space we're
talking townhouses, units, apartments that's been lagging in terms of
the trend consents for standalone homes. That looks like it's
turned around a bit. So we're looking to the year

(06:43):
to the end of October twenty five, you had just
under fifteen half thousand townhouses consented. That's up almost ten percent.
Twenty six hundred and forty nine apartments. Now, that's up
fifty four percent on the previous year, but by its
very nature it's sort of lumpy. The one that's interesting
here's retirement home consents.

Speaker 11 (07:01):
They're down thirty percent.

Speaker 12 (07:02):
I think that's going to be problematic at some point
because we're not building these things.

Speaker 11 (07:06):
When we do get a bit of a switch in the.

Speaker 12 (07:08):
Residential property sector, people start to want to sell their
houses and move into the retirement villages. This is not
going to be any stock, but that's a that's probably
a story for late next year. Standalone consents only at
one point nine percent, so it seems to me there's
been a bit.

Speaker 11 (07:21):
Of a psychological shift here.

Speaker 12 (07:23):
And here we go Mike Auckland Orphan's leading the charge
on those multi unit ones accounts for half the left
and the multi unit consent. So, yep, I'm confident calling
it up. We're trend is in place. Assume we'll still
get month on month volatility. The October month three thy
five hundred and twenty. That's twenty three and a half
percent more than October twenty four. Just to sort of

(07:44):
put this very quickly into context, though we've done what
just under thirty.

Speaker 11 (07:48):
Six thousand consents in these twelve months.

Speaker 12 (07:50):
You go back to the boom time to October twenty two,
you're looking at over fifty thousand consents, so there's been
a significant step down. Just a quick note on non
residentidential there was eight point nine billion dollars worth of
consensus in that space. That's down four point seven percent
compared to October twenty four. So that sector not feeling
the love yet.

Speaker 2 (08:10):
Right, the feed is has at.

Speaker 12 (08:11):
The man Well, it looked like the lots of rumors
floating around.

Speaker 11 (08:15):
And the interesting thing in the background here.

Speaker 12 (08:16):
Because we've had we've had this shift a US monetary
policy between US Montreal policy and Monty policy here because
they're all sort of talking about being a bit more
dubbish in the US now, whereas we are talking about
being a bit more hawkish through twenty twenty six. Now
there's lots of rumors circulating about the replacement Jerome Powell
in the last.

Speaker 3 (08:36):
Twenty four hours.

Speaker 11 (08:36):
This is a very important announcement.

Speaker 12 (08:38):
This is the head of the most important central bank
in the world. Rumors suggests that Trump has selected Kevin Hassett.
He is currently Director of the National Economic Council. He
was a Trump appointee. He's previously been senior advisor on
economics to the President's got a PhD in economics from
the University of Pennsylvania. He has worked in both the
George W. Bush and Clinton edmonstrations. Most importantly, he is

(09:02):
seen as being a policy dove. He will tend to
favor looser monetary policy. The thing here, Mike, is that
if Trump announces this guy, Now, Powell's term ends in
May twenty six, but this guy effectively becomes the governor,
and everybody is more interested in what he's saying than
in what Powell is saying.

Speaker 11 (09:19):
That just one other point right now, if he does.

Speaker 12 (09:22):
Become that, you've sort of got an environment in the
economy there where that economic growth is slowing a little bit,
weakening employment figures, inflation is kind of contained.

Speaker 11 (09:31):
That supports the cause for a lower Fed Fund rate.

Speaker 12 (09:34):
It becomes problematic if inflation pressures start resurfacing, because he's
got a guy that actually wants to take it the
other way. So that will be fascinating to see how
that pans out.

Speaker 2 (09:44):
Interesting times numbers, Please sure.

Speaker 12 (09:47):
Now manufacturing ism survey over and I was quite weak
in the States. Actually they've started the day the week
in a softer tone. Forty seven four hundred and sixty
one on the Dow Jones.

Speaker 11 (09:58):
That's down two.

Speaker 12 (09:59):
Hundred and fifty five points, just over half a percent.
The S and P five hundred six eight three four,
which is down point two of a percent, and the
Nasdak sitting at twenty three thousand, three hundred and seven
down fifty eight points about a quarter of percent overnight.
The fort two one hundred lost point one nine nine
to seven oh two. The Nikke was down one point
eight nine percent yesterday. That's nine hundred and fifty points

(10:22):
forty nine thousand, three hundred and three.

Speaker 11 (10:24):
The Shanghai Composite was up.

Speaker 12 (10:25):
Twenty five points, that's points sixty five percent three nine
one four.

Speaker 11 (10:29):
Now the OSSI has had a bit of a mayor
on the ASEX.

Speaker 12 (10:31):
Yesterday they had problems putting announcements out in that vein,
and we had shades of stuff that happened a year
ago when they also had similar issues. The ASEX two
hundred eight five sixty five was down forty nine points
point five seven percent. The insects fifty lost point three
of a percent. Thirteen thousand, four hundred and forty eight.
Kiwi dollar continues to hold up above fifty seven cents

(10:53):
point five to seven three five against the US point
eight seven five zero against.

Speaker 11 (10:57):
The ossi point four nine three four euro row.

Speaker 12 (11:00):
We're against the pound er point four to three to
three five Japanese yen eighty nine point six.

Speaker 11 (11:06):
Bitcoin is having a bit of a shocker.

Speaker 12 (11:07):
It's down five to six thousand US dollars, Gold four thousand,
two hundred and twenty six and ounce and brankrud sixty
three US dollars.

Speaker 2 (11:16):
Ken Chaptain, Moro, Matcare, Andrew Kella Harshaw and partners Posky Zootopia,
iiO came to the party sort of one hundred and
fifty six million. This is domestically in America. The Thanksgiving
weekend Wicked for Good edit another ninety three. The total
box office about three hundred Is that good? It's okay?
Fourth highest two ninety one, twenty twelve, twenty thirteen, two

(11:39):
ninety four. The record breaker was twenty twenty four last
year at four hundred and twenty four million. So so
I mean you need a couple It's bit yes, I
keep saying it aim. It ain't the way it used
to be. At the movies. It is six twenty one
at News Talks Edbo.

Speaker 1 (11:54):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks EDB.

Speaker 2 (12:01):
City Rail CRL. If you're outside of Auckland, be grateful
because this is one of the biggest cockups and modern
infrastructural building in this country years late, billions of dollars
over budget. Now we've got more problems. Link Alliance, who
are a supply department, yesterday told us that the supplier
Pacific Doors, they just put a little bit of asbestos
into their doors. And I don't know if you followed

(12:23):
the sbestos story, but not many people like asbestos and
their doors anyway, So we thought, I know, we'll ring
the CRL boss, will bite him on for a word
about his a sbestos doores because they said they won't
be opening n til later in twenty twenty six. My
bet is I don't think it's going to be twenty
twenty six at all, and so anyway, we'll ring the CRL.
He's on holiday. Of course, he's on lea for a

(12:44):
quote unquote next week or so. Let you just go.
I mean, honestly, you can't make this stuff up.

Speaker 1 (12:51):
Sex twenty five's trending. Now God Whimer's warehouse. You're home
for Christmas shopping.

Speaker 11 (12:57):
Now.

Speaker 2 (12:57):
Last month told you about the first aiart to crack
the Billboard charts. Now we've got the first number one.
This is AI.

Speaker 13 (13:10):
Then beat down, but I don't steal.

Speaker 2 (13:14):
It's called Walk My.

Speaker 13 (13:15):
Walk moder margin still ready.

Speaker 2 (13:19):
The invented artist. Who doesn't it's called breaking rust an
artist or a group?

Speaker 4 (13:26):
Why wouldn't neither? It's an AI.

Speaker 2 (13:28):
Yeah, no, I know, but I mean if you're AI,
then call it a group because you've got more and
more bang for your buck.

Speaker 11 (13:34):
Anyway.

Speaker 2 (13:34):
Number one song for the Billboard Country Digital Song Chart
measures paid digital downloads. So now there's a bit of
a jack up here because when the song was first
went or went live, somebody paid three thousand bucks, which
is equivalent of three thousand downloads. And what happens at
that point is it gives the song traction, and then
the algorithm, which isn't real either, that picks it up

(13:58):
and goes, oh, this is a populace on because not
a popular song. It's just because it's been bought. The
algorithms not smart enough and work that out, so it
just picks it up and runs with it. The next
thing you know, it's been listened to over seven million
times on Spotify, number one on Billboard. That's welcome to
the new world. We can't open up a railway station,
but we can create all this stuff. Housing, lot of

(14:20):
stuff on housing for you this morning, one look carefully
at what's happening to fixed interest rates. If you're looking
for your mortgage and you're thinking your mortgage is coming down,
it ain't. Your mortgage is going the opposite direction, starting
to go up. But we also get some interesting insight
from Kibank this morning as to how we're feeling about housing,
our relationship with housing, whether people are feeling locked out

(14:42):
or not. So we got those numbers for you. And
speaking of housing, we do rates, which is the government's
big long term plan on rate. Simon Wats is with
us later on the program as well meantime useage next year.
At News Talks, there'd be.

Speaker 1 (14:55):
The newsmakers and the personalities, the big names talk to
my the mic Hosking, Breakfast with the Defender, embraced the
impossible news to.

Speaker 2 (15:06):
Speak today with Macaran. So we'll get the update from
Katherine short leaning time of twenty three minutes away from seven.
Just to remind of this morning of the role that
housing plays and the key we psyche Quevy Bank State
of home Ownership report shows eighty five percent of say
owning a home remains a key goal. Forty three percent
believe it's now more achievable, which is up seven percent,
which is good. Stability and security are your big drivers.

(15:27):
Eighty eight percent wanting the independence of their own space.
Steve Yukovic is the Quevy Bank CEO, and he's with us.
Steve morning to you one morning. It has always been
that way and it always will be. Is that a
fair statement to make We love houses?

Speaker 9 (15:39):
Yeah? I think yeah, I think it is. That's at
the heart of what people feel about security and how
they feel like they can get ahead and the people.

Speaker 2 (15:46):
What about attitude to debt? To people's attitude to debt change?
For example, were borrowing more? Are we more bullish about
the market at the moment or not?

Speaker 9 (15:54):
I think the big change is how much people are
feeling about what they can do to repay debt as
quickly as they can, which makes a lot of sense
and is a great decision. So lots of customers in
the survey said, you know, when they get the option,
they want to pay it down fast. Are they thinking
about shortening up the term of their loan, thinking about
how they borrow differently. So there's definitely been a big
change around how people feel about borrowing. It used to

(16:17):
be pretty set and forget that's no longer the case.

Speaker 2 (16:19):
Yeah, you get a view on a fifty year mortgage.

Speaker 9 (16:23):
Yeah, I mean that's that feels like a pretty wild idea.
I honestly don't think that in New Zealand. The market's
deep enough to work out how you would price that.
But you know, the advice I got when I first
bought a home from a very experienced guy was, you know,
pick the shortest term you can and pay it off
as fast as you can. So I still think that
makes sense.

Speaker 2 (16:41):
Yeah, what a most people do initially? Do they go
twenty five to thirty?

Speaker 10 (16:46):
Yeah?

Speaker 9 (16:46):
They do. Yeah, the default is pretty much twenty years.
A lot of people do twenty five. There is the
option to do thirty, but very few people take that.

Speaker 3 (16:54):
Right.

Speaker 2 (16:54):
The number in your work that worries me, the forty
three percent of nine owners who think they'll never own.
How real is that versus just it's psychological.

Speaker 9 (17:04):
I think it's pretty rareal. I mean, getting together, you know,
one hundred and fifty two hundred thousand dollars is a
deposit with the current cost of living headwinds as a real,
real battle. I think that numbers always been pretty consistent
about how hard it is to get that money together.
So I think that's real.

Speaker 2 (17:22):
So how do we juxtapose what we know is real
the forty three percent who feel they're locked out versus
the twenty seven percent is who are first home buyers
who clearly aren't locked out and they can buy a house,
and they're the major players in the market.

Speaker 9 (17:36):
Look, I really dip down believe that if you know,
whatever you believe is true. So you know, if you
think you can get there and you can save the money,
then that's true. If you think it's too hard, that's
true as well. I mean a lot of people thinking
differently about how they would buy a house might so
I think, you know, it makes total sense. You know,
many cultures pacifica Madi, many Asian countries. You know, generations

(17:59):
living together in the same house as very normal. So
if you think about getting together with your parents and
your grandparents to try and buy a house, and then
you've got different leavers. And so I think as New
Zealand's face and shape changes, you'll see people buying houses
in different ways.

Speaker 2 (18:15):
How big is the bank of mom and dad now
at the moment.

Speaker 13 (18:18):
Oh, it's still huge.

Speaker 9 (18:19):
I mean a massive amount of money is supported for
the kids getting up on that first step on the ladder,
and I'd probably say thirty to forty percent of people
get supports somehow from a board of family or fun.

Speaker 2 (18:30):
Now, okay, I'm getting some mail. Help me out here.
Swap rates problematic post Hawksby's announcement the other day fixed
rates are going up? Is there an issue here or not?

Speaker 13 (18:42):
No?

Speaker 9 (18:42):
I think well, I mean we talked about it the
other day. I'm pretty convinced we're at the bottom. And
if you're at the bottom, then when you look ahead
normally things are going up. And so in market says
that rates are going up early next year. So March
April May, I think we might see a tickup.

Speaker 2 (18:57):
So now's your window to act if you want to
act without giving financial advice to people, is just I said,
are we about to turn?

Speaker 3 (19:05):
So?

Speaker 2 (19:05):
In other words, right now is the sweet.

Speaker 9 (19:06):
Spot when you look back ten years, this looks like
very close to the bottom. And if you think about
what the average rates over ten to fifteen years are,
this is lower than average. So you've got to say
this is close to the bottom.

Speaker 2 (19:18):
Good stuff to appreciate it as always Steve Yukovic the
Kiwi Bank. Yes, swap rates continuing to trade higher post
the monetary announcement. Two year rates are up thirty one
basis points. And the reason I'm telling you this swap
rate that it's the market going. Hawksby was too blunt.
Hawksby said it's over. The market might have priced in

(19:38):
one more cut in the new year. Because he was
so explicit on his way out. We don't need to
worry about that anymore. In fact, one of the pieces
of mail this morning said Hawksby sabotaged the recovery on
his way out the door. So we're thinking about nineteen two.

Speaker 1 (19:53):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, power
By News.

Speaker 2 (19:58):
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(21:23):
money six forty.

Speaker 1 (21:24):
Five International correspondence with Ends and Eye Insurance. Peace of
mind for New Zealand Business.

Speaker 2 (21:29):
I Prance Catherine Field, a very good morning to you.
Good morning mate. How did the chinwag go with macrons
Zolensky and Macron.

Speaker 14 (21:38):
Well, you might remember it was just two weeks ago
that Zelenski was here in Paris, and no one really
expected to see him quite as soon. But there is
a lot of concern, particularly among the Europeans, as to
just how much the US is going to demand of
Ukraine to make us his fire happen from the European
side to make let's not forget they're trying to althow

(22:00):
their way into these negotiations. It's been very clear that
the Russians have I think deliberately cut out Europe wanting
to sort of separate US from Europe. So they've been trying,
particularly Macro and the German Chancellor Matz, they've been trying
to get their voices heard, you know, but at the

(22:20):
same time look cooperative to the US efforts. So after
a day of talks, well, Macron has said that there
will be new sanctions of oil and gas and these
will be really tough.

Speaker 11 (22:32):
They will be put.

Speaker 14 (22:33):
More pressure on Russia. But this really is a critical time,
I think, is the message that's coming through.

Speaker 3 (22:41):
We've had the Ukrainians and the.

Speaker 14 (22:42):
US holding talks in Florida, but we've also and you
really see it in the body language, Mike. You see,
Zelensky is now under pressure. He's under pressure militarily with
these Russian areas, and he's under pressure because of the
corruption scandal that has now affected his chief of staff.
So we're hearing that. You know, later this week there'll
be talks between the US and so called Coalition of

(23:05):
the Willing. They want to clarify American participation in that.
We promise greater, greater clarity later this week. But again,
you know, the same messages coming through, Mike, that it's
up to Ukraine. Ukraine cannot be so weak at the
end of this process that it can't defend itself, and

(23:26):
it has to be you if you like a viable country,
it can't be left to defend itself.

Speaker 2 (23:33):
Call me impatient, Catherine, but I feel like we've had
this conversation several times over and the whole thing always
seems to come back to Europe, who love to have
a meeting, but don't necessarily, you know, back it up
with anything. I mean, can if America goes forget it,
we're out. Is Europe capable of being on Ukraine side
to the point where Russia won't win?

Speaker 14 (23:55):
Difficult question. Let's take it from the top on that one.
Russia will end this war when Russia want to end
the war. Europe, of course, you can't forget it is
now spending more money and sending more weapons to Ukraine
than it ever has. America is sending very little and
perhaps a lot less than the American public belief. The
problem is, might that everyone now sees that you have

(24:17):
this twenty eight point plan, how one sided it was,
and that has been the concern as to how much
the US and Russia are going to do to force
Ukraine and to a cease fire. The other thing is that,
and we've learned this over the last week, is just
how much of that so called twenty eight point plan

(24:39):
that came from Moscow, how much that also includes business
interests for the Russians and the American side inside Ukraine.
And I think that's the other thing that Scott Mind's
focused here is lack of transparency on this whole deal
and also what are the Americans going to be cooking
up behind their backs, which they might find out a
lot later.

Speaker 2 (24:59):
On, right to catch up with the Katherine Catherine Field
and France this morning. Other thing in Europe, by the way,
in the last twenty four hours they voted to reject
there was a tax idea that they would have a
look at the wealthy people in that particular part of
the world, And being Switzerland, there are a tremendous number
of wealthy people in that particular part of the world.
In fact, there's three hundred. The three hundred wealthiest are
worth over a trillion dollars. Anyway, the proposal was to

(25:20):
tax every inheritance and gift of more than fifty million
Swiss francs at fifty percent. So do we like to
tax rich people. You would think, yes, we do, will
not the Swiss, No, they don't. Seventy eight percent voted
against it, and good on them ten to seven.

Speaker 1 (25:35):
The Mike asking Breakfast with Bailey's real Estate News.

Speaker 2 (25:38):
Talks eDV like the answer to the Bank of Mum
and Dad was interesting at shows that despite the rhetoric,
the boomer generation continues to put what they gained back
for their kids, not the selfish message from some course,
A very good point, very good point. But while we're
broadly on the subject of housing, tell you what the
ASP Housing Competent Survey, I mean, you can't argue with
the highest level fifteen years. So we're back more people

(26:03):
thinking it's a good time to buy. Twenty eight percent
of respondents believed it was a good time to buy
a property. It's in a sweet spot. They're saying, this
is the ap it's a sweet spot. We're seeing a
unique window of opportunity for buyers. So fifty four percent
expected home loan rates to fall further. I think the
fifty four percent are wrong. I think this is probably it.
You may get a special or two, but just one

(26:25):
in ten expect interest rates to rise a net seventeen
expecting prices to arrive over the next year as high
inventry continues to weigh on the market, expect house prices
to lift gradually. They're saying next year conditions likely to change.
Over twenty twenty six, a greater level of sales turnover,
the amount of stock in the market's going to reduce,
the prices will start to wedge up. It's the classic scenario.

(26:47):
We've not been building. Andrew gave you the numbers. We're
doing thirty something thousand con cents a year, where at
peak we're doing fifty. We're still selling through the fifty.
Once we've sold through that and we're back down to
the thirties, people are going to go hold on. There's
not as much to choose from, at which point the
prices start to write. So I think twenty twenty six
is going to be pretty reasonable. But if you believe
the ASB, we're seeing a unique window of opportunity at

(27:10):
the moment for buyers five minutes away from seven.

Speaker 1 (27:14):
Bill, the ins and the ouse. It's the fizz with
business favor take your business productivity to the next level.

Speaker 2 (27:21):
Of course, if you can't afford house, what you do
as you go out eating a lot, don't you with
the avocado on toast? Communal dining is back and gen
Z is loving communal dining. Gen Z well, I mean
gen z can be thirteen year olds, so they're not
going out communally dining and they see with mum and
dad eating McDonald's. So that's but I mean, yeah, you're

(27:41):
talking to the twenty somethings anyway. The ones behind the
survey are Rezzi, which is an online restaurant reservation company.
They've looked at dining trends this year and in the next.
Ninety percent of gen zs want to do communal dining.
They say they want the interaction. They see it a
great way to meet new people. They actually and and

(28:03):
all those gin Zitters who do the communal dining half
of them. So they've had interesting conversations one and three,
so they've made a new friend one and seven. One
and three is not really I mean, that's a two
out of three strike rate, isn't it.

Speaker 13 (28:15):
Hey?

Speaker 2 (28:15):
I like, how, yeah, I'm good? How are you good?
What are you having on the night chase?

Speaker 4 (28:23):
This is this is your worst nightmare?

Speaker 2 (28:25):
Isn't that worse than my worst night?

Speaker 4 (28:27):
You can't You can't even imagine it.

Speaker 2 (28:28):
No One and seven say they met a romantic partner.
So six out of seven times you strike out, and
you just look like a leech. Hellone, how are you?
Sixty percent of baby boomers so they enjoy communal dining,
it's crap. Okay, save you, Rizzley, save your money. No

(28:51):
one believes it.

Speaker 4 (28:52):
I do like when you go out and and you
just order a bunch of stuff and everybody hears.

Speaker 2 (28:57):
Yeah, that that's that's not communal dyning. You're well communitize
people you went with that, you know you're not communally
sharing food with a person you're trying to pack up
you go.

Speaker 4 (29:07):
I guess you want to be sure that the kind
of person who washes their hands after they go to
check about.

Speaker 2 (29:11):
Have you seen Mike guacamoleley, would you like? I mean
that no one does that. Anyway, this rate thing, which
isn't coming until twenty twenty nine, I mean, is that
are we ever going to see the light of day?
Which is first the new rates balls of the CRL.
There's your contest for the morning. Anyway, I took to
Nix Smith of Nelson in a couple of moments.

Speaker 1 (29:28):
Credible, compelling, the breakfast show You've con't best, It's the
Mic Hosking Breakfast with Bailey's Real Estate doing real estate
differently since nineteen seventy three News togs Head being.

Speaker 2 (29:39):
Seven past seven. So the details on the rates cap
aroute implementation still years away, of course, but consultation is
as of the smrning apparently, and you'll rate limit of
two to four percent water excluded. Any council wanted to
go above four percent will need regulatory approval. Nick Smith
is the mayor of Nelson and it's with us Nick,
morning to you.

Speaker 15 (29:56):
Are you good morning, Mike?

Speaker 2 (29:57):
How doable?

Speaker 3 (29:59):
Oh?

Speaker 15 (29:59):
It's going to be challenging and it's certainly going to
require a real culture change within the local government sector.
About eighty percent of our costs are infrastructure and the
real driver if you look over rates going up over
the last three years, average across New Zealand is thirty
five percent. It's a bit of a shaka and we
shouldn't be surprised with the government having to make a

(30:21):
heap of hard decisions. You know, every government agency's got
to squeeze on them that come after us and are
putting these caps in place, but if we're going to
be able to deliver them, they are going to need
to work with us around getting those costs, particularly in
the construction sector down. You get things likes of households.

(30:41):
Would just be gobsmacked to know that over the whole
of New Zealand we average spanning about five hundred dollars
per household on things like temporary traffic management, things like areas,
likes and waste lettes. Actually councils end up paying a
big part of those. So the only way this plan
is going to succeed is actually if we engage with
government and saying actually some of the regulations that have

(31:04):
been put in place, particularly over the last decade are
adding to those costs and if we are going to
be able to deliver on your two to four percent,
we need to work together to deliver it.

Speaker 2 (31:14):
Do you need every one of the years till twenty
twenty nine to make it work?

Speaker 15 (31:18):
Each council will be in a different position. We had
a big storm through in twenty two and I know
areas like gisbans and those and the fix up costs
for those those do take several years. To be fair
to the government that I've given us an exemption in
that area. I think it's going to be a big
stretch to get there by twenty nine our timetable, and

(31:39):
my challenge to our sector would be, hey, look, don't
try and fight the government, work with them. They are
simply reflecting the frustration from New Zealanders that the sector's costs,
which is not uncommon for a monopoly sector, have not
got under control in the way that households and businesses
have had to change in response to the sort of

(32:00):
COVID recession.

Speaker 2 (32:01):
Good stuff, mate, nice to catch up Nick Smith, who
is the mayor of course of Nelson. Nine minutes past
seven part of Scrutiny Week, we find out what Farm's
former boss here of fit quintin February, of course, where
they don't come Monday payout as it turns out, three
hundred and fifty seven thousand dollars. Anyway, David Seymore's the
Minister of Farmaker and is with us on this. David morning,
Good morning mate. Broadly speaking, the value of Scrutiny Week,

(32:22):
this is the sort of stuff we get. Is it
worth it?

Speaker 13 (32:25):
It's an awful lot of time in Parliament. I briefly
sat in as a substitute, because normally they only have
you can't do it if you're a minister. But I
wanted to cover someone who was sick, and I watched
the behavior of the Chloe Swarbricks of the world and
I thought, you know, I don't know if this is
really going to make people believe in democracy. But you know,

(32:48):
the Parliament agreed to do it for three years. So
here we are.

Speaker 2 (32:51):
Veryl was asking the questions over and this fit in
the three fifty seven thousand Veral wasn't defending it, was she?
I mean, she wasn't defending fit. Fit was a disaster,
wasn't she.

Speaker 13 (33:00):
Well, I just want to be clear. I'm not saying
who it was. I can't do that, but I just
make the point Farmac inherited a person that we didn't hire.
They will hire a long time ago under a contract
that we didn't sign, adjudicated with employment law that we

(33:20):
are changing. So ioways say in life, it's not what
happens to you, it's what you do with it. We've
got a great person in that role. We're really really
pleased with them and the way Farmac's turning around the
contracting that's up to the board, but I'd hope that's tighter.
And then the employment law. All the people that are
jumping up and down in this ought to support the

(33:42):
act Party and the government's policy of saying, look, if
you're over two hundred thousand dollars, then you can't take
a personal grievance because if you're playing with the big kids,
you have a massive influence on the effectiveness of the
organization and you shouldn't be able to tie the organization
up PG. That's the bane of many small businesses existence.

(34:04):
It shouldn't be applied to somebody who has so much
influence over whether everyone else can be productive.

Speaker 2 (34:10):
While I've got you, talk to me about that fuzzy food.

Speaker 11 (34:13):
How is it?

Speaker 2 (34:13):
To several questions, that was disgusting. I don't know how
it happened, but the food's discusting. How did kids eat it?
You couldn't get them to eat normal food, but they're
suddenly fuzzy, discusting food. And is it really a problem
or do we have something at play here?

Speaker 13 (34:27):
Well, here's a few facts. It appears that a meal
that had been from a previous week was reserved to
some children. Radio and New Zealand then reported they're all
being tested for food poisoning. Well that there is no
food poisoning, There is no sickness at all. And what's
interesting is that the principle at the center of this

(34:49):
is what you might call a frequent flyer in terms
of getting in the media to complain about a range
of government policies. So we're doing some testing and keeping
a very open mind about how meal from last week
got in front of children this week.

Speaker 2 (35:03):
How much trouble broad a question are you and Erica facing.
This is the teterity thing that schools just don't like
you are not going to do what they're just it's
a war basically.

Speaker 13 (35:17):
Well, Erica and I are fine. We're very clear in
what we're trying to do, and that is make sure
that when a kid goes to school, there is a
teacher who's a knowledgeable adult standing in front of one classroom,
not three, joined together, with a knowledge rich curriculum of
facts that they are transferring from one generation to the next.
And then at the end we're going to test it

(35:38):
with proper exams so you can't fiddle your credits and
work around actual proper learning and testing. That's what we're
doing and that will uplift all children in the future
of this country. What I find interesting is we did
some analysis over the weekend and discovered that the schools
that have come out and made these declarations have an

(36:02):
average UI pass rate for Maori students of twenty four percent,
which is hardly great. In the average across the country
that figure is thirty two percent. So I know that
people get into statistics and correlations not causation. I get it.
But just on the face of it, the schools that
invest in all of this politics and virtue signaling don't

(36:25):
actually seem to do better for Mari's students when it
comes to getting university entrants. Now, I also just ask
a few questions. If you have a school that's doing this,
you could ask them, did they actually consult their parent
community before sending out these messages? Number two? Did they
talk to anyone outside the school community, such as those

(36:45):
that are pushing this campaign? And it is a campaign?
And number three, and this happens to be an Act
party policy. The major change that we made to the
duties of school boards was we said academic achievement must
be the paramount objective. They're not talking about how they're
going to address that and these emails going out and
finally we also said, you know you no longer have

(37:07):
to give effect to the treaty, that you do have
to reflect all of New Zealand's cultural diversity. They're not
saying how they want to do that, so it would
be useful if they could reflect and follow the laws
of Parliament and maybe focus a bit on academic achievement.

Speaker 2 (37:22):
Good stuff. Appreciate it, David Seymour, It's a shame you've
got to say, well, that doesn't a Minister of fun
where it started off as Minister of fin but it
ended up associated Education Minister. Fifteen past seven.

Speaker 1 (37:33):
The High Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (37:38):
At B David Williams back after right this morning meantime
could have a coup at Netball in New Zealand. Various
zones they call them zones. They're moving to force a
vote of no confidence in the CEO and the board.
You need three of the five zones around the country
to call the special general meeting. Nicky Compton is the
tower on a Netball Center board chair and as with us,
Nicky morning.

Speaker 16 (37:56):
Good morning.

Speaker 2 (37:57):
Has this been building for a while.

Speaker 16 (38:00):
Yes, it has. I can only speak on behalf of
our Netball Center. So at Taro and Netble Center, we
are unhappy with the way things have progressed in the
last probably a year actually, and so we've been working
towards getting the way Cato Bay a penny zone which
we're part of, to be one of the three zones

(38:23):
to call the special General Meeting of Netball New Zealand.

Speaker 2 (38:26):
Where's that at will they end up calling it or
voting for it?

Speaker 16 (38:31):
So we have the Waye Cato Baypenny Zone Special General
Meeting this Sunday and we're confident that we will have
enough of our centers within that zone to vote positively
for that. And then it's a matter of talking with
the other zones to see if they will follow suit
with us.

Speaker 2 (38:50):
Is this all no lane or wider than that?

Speaker 16 (38:53):
It's wider than that. We've got three main issues at
Taram and Netble Center. There's real uncertainty around the am
Z premiership moving forward after next year and that's the
pinnacle of our domestic competition in the pathway for the
silver furn So that's that's concerning the television rights deal.

(39:14):
I think has been mishandled, and I understand the deal
that has been done has come at a cost to
New Zealand. And then the Nolean titler, Dame Nolean, she
is incident in the.

Speaker 2 (39:26):
Way that was handled, just a complete shamble. Sunday it
is for the meeting. We'll be in touch next week
and we'll see where that goes and see ultimately whether
it heads to the big vote in the coups on
Nicky Compton, who's the tower on the Netball Center board chair,
the economy, the state of in z inc more shortly
seven twenty.

Speaker 1 (39:45):
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it by News talksp.

Speaker 2 (39:53):
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It's probably came out on the wrong day to get

(40:57):
the coverage that actually deserved. But none of the last
or later pieces of the economic turnaround has told us basically,
we are there, We have arrived. This is consumer confidence.
It is back. It is up six points to ninety eight.
Now it needs to be one hundred and more for expansion,
but it's the highest figures in this June. It backs
the business confidence of last week, which was up a lot.

(41:17):
Business comes first because they see the turnaround on sales.
The spending numbers back that up because they're pretty much
real time, and then you get the confidence as a
follow up are given although we are spending, some may
not want to admit it, may still feel a bit
bit of a funk. But add it all together and
the conclusion is inescapable. You can also add the asp
housing numbers if you want to give you those half

(41:39):
an hour ago confidence in the housing market at a
fifteen year high. Why because it's almost perfect good supply,
cheap money. But most importantly, we seem to have crossed
the psychological barrier and given ourselves permission to start to
feel good again. The irony is the growth that drives
all of this. Might just have been there all along.
I mean, we get the Q three GDP number later
on this month, metrics have already forecast that to be

(42:01):
zero point nine. Add that to the rest of the
year and you're well above the growth line. I mean,
not a lot. I mean, but none of the commentary's
back that up. We've been miserable all year, allegedly, which
is not to say some aren't still doing it tough.
It's not to say it's going to be boon times,
just to say there comes a point where the facts,
the figures, and the evidence can no longer be denied.

(42:21):
Here's my next prediction. As a result of all of this,
twenty twenty six might well be a very good year. Indeed,
based on the idea that economies are about psychologies. Yes,
they're about the fundamentals, but if the fundamentals are in place,
the next thing you look for is mood. And given
the mood has been so repressed, when we decide to
take the handbrake off, there might just be no stopping us.
As I said last week, don't underestimate the Reserve Bank

(42:44):
and the finality of that cut.

Speaker 3 (42:46):
This was it.

Speaker 2 (42:46):
We've done our job. You are free to go enjoy
your life. For those waiting and dillydallying, that was what
they were waiting for. Next confidence survey will be over
one hundred, and that will be the start of a
trend for the year ahead. Where you heard it first,
pad Skiing might call me cynical, but one councils go
nuts with rates increases in the short term. Possibly, I

(43:07):
think the we'll ask sign Rott's about that shortly. But
the call yesterday to say it's not coming until twenty
twenty nine, but your attitude needs to change. As off
this morning I think was a bit bit delusional, Mike
of rights caps are not going to see the light
of day. Why did National waste everyone's time announcing it? Well,
when I say they won't see the light of day,
twenty twenty nine is two elections away. You got twenty
sixty get through, then you're in twenty nine for another

(43:28):
election year. That's a long time for something that you
talked about in the latter part of twenty twenty five
to come to fruition. Mike, if you want to see
what a housing boom looks like, visit Rolliston. It's incredible
killometer after killometer of brand new sections in housing. That
is the truth, that is that is the mega center
of housing and productivity in this country. Of course, Mike,
I see ike is opening December before in Auckland transport

(43:50):
telling people to use public transport. What a joke that
IKEA thing. This endless publicity of the medium about IKEA.
Are you uncomfortable with that? I think I'm uncomfortable with it.
I watched a reporter so called bouncing on a bed
last night at Ikea and eating meat balls, And I thought,
is that news or is that pre publicity? And I

(44:12):
think we all know what it is. I mean, good
on Ikea, and if they want to open, god bless them,
and you know, maybe all who want to buy a
cheap furniture sale in her But is it really news anyway?
Our news, proper news allegedly is but moments away.

Speaker 1 (44:27):
No fluff, just facts and fierce debate. The Mic Hosking
breakfast with Veda, Retirement Communities, Life your Way News togstead.

Speaker 2 (44:36):
Be mikeree Ika news and publicity. Ordinarily I'd agree with this,
but isn't it more likely that Ikea had bought a
major advertising campaign with the media outlet, and as part
of that, they're promising a certain amount of editorial content. Craig,
that's I was going to say, once upon a time,
that's not the way it works. Increasingly, I don't know
that I can necessarily promise you that, but I'd like

(44:58):
to think that's not the way it works, Mike. I
believe that those school sandwiches were put there where they
went sandwiches were they? I don't know what it was.
They were so moldy and fuzzy you couldn't tell what
they were, but they certainly weren't sandwiches anyway. They were
put there to sabotage of the government's school lunch pans. That's
why I asked about ask seymore about it this morning.
I mean that frequent flyer is a clever line of Seymour's.
But there are the same unionists slash principals who turn

(45:21):
up in the media all the time their rent a quote,
and they permanently got problems. They hate the government, they
hate school lunches, and the irony of the school lunch,
as I pointed out to David, was at the beginning
of the school lunch program. Remember the kids wouldn't eat
it fresh meals. They just ah, no, they don't like those.
So on once. So one story when you ring up

(45:42):
rent a quote is the kids are starving and they
can't learn on an empty stomach. Fair enough. So then
the food arrives fresh and they go, oh, they don't
like that. Story number two. And then they apparently liked
the lunches so much that when they turn up rotten
and fuzzy and moldy, they eat them.

Speaker 4 (46:01):
What do we call them when people complain about or
vexatious litigators? Is that what they saw?

Speaker 2 (46:07):
A good point?

Speaker 3 (46:07):
Glenn?

Speaker 2 (46:08):
The other thing, what's an insubordinate groin? That was my
other thing for the morning. So in our sports news
this morning, somebody said they've got an insubordinate groin. I
only thought you had one groin? Am I wrong in that?
I think you have a groin? And therefore, what's it
insubordinate too?

Speaker 4 (46:28):
Do you not have a pair of groins?

Speaker 2 (46:29):
I don't think you have got groins. I've never heard groins.

Speaker 4 (46:31):
It's just sort of an area, is it.

Speaker 17 (46:33):
No?

Speaker 2 (46:33):
Because when they say I got a groin strain, you
don't say which one do you?

Speaker 4 (46:36):
Well? No, that's what I'm saying.

Speaker 2 (46:38):
Surely you know you trained ug groin.

Speaker 4 (46:40):
Maybe you can strain both of them. I don't know what.

Speaker 2 (46:42):
You can't make that up. You can't strain both groins
if you had.

Speaker 4 (46:47):
The executive producers just asked some AI over here and
the ais definitely two groins.

Speaker 2 (46:55):
There are two groins, so maybe you've only got one.
That could be my problem. It's never in subordinate to anything.
It's why I've probably got It's probably why I walk strange.

Speaker 4 (47:05):
Ay, is it like a kidney? Perhaps you can function
on one. It's good to have a backup.

Speaker 2 (47:10):
Twenty one to eight, all little town of Bethley, how House.
David Williams is back with a Center and Son is
the latest book. I don't know that we'll get to
actually talking about the book. Wead mop and talk about
other stuff when David Williams is on the program. Anyway,
this rates cap two to four percent, right, water is separate.
It's about getting back to basics. The wall doesn't actually

(47:30):
come in, as we've said till twenty twenty nine, but
the attitude is expected to be adjusted immediately. Simon Watts
is your Minister for Local Government is back with us.
Good morning, Yeah, great to be here, Miry. Wayne Brown
already says it isn't going to work. I suspect there
are other mayors who think the same way. How are
you going to deal with that?

Speaker 5 (47:46):
Oh, look, we're going to be having conversation with Wayne.
We've got to know the process is open for consultation.
I think Auckland had already signaled that they were looking
at keeping their rates within a pretty tight bend as
we go into the old years. That mess been pretty
keen on on making sure that spending was under control
for ratepayers, so I'm confident we can work through that
detail with them. We've set a band, Mike, and I

(48:07):
think that's important to recognize a low point on that
based on inflation, up a point on economic growth. That
band is a clear signal to councils. And the reason
why we're doing it is because these guys are monopolies
and there's no riverbanks, no guardrails around what they've been
doing on rates, and some of it has been pretty
horrific in terms of parts of the country.

Speaker 2 (48:25):
And I think most people will be on board with you.
But I was watching your press conference yesterday and you
said in the messages it starts now. It doesn't come
until twenty nine, but the attitude starts today. I would
suggest to you they're going to give you the middle finger.

Speaker 5 (48:39):
Yeah, but look you and that may be the case,
But my job is to make sure that I'm representing
the views that I'm hearing from ratepayers who are taxpayers
and they are sick and tired of seeing their money
and as I said, these are monopolies being spent in
some pretty silly places and excessive levels, and this has
hits hard as we know to Supernuit, it's hard to

(49:01):
fix income and we've been practically the policy is a band.
It takes them because it's not the New South Wales model.
We've learned from that. We've got mechanisms to deal with
your natural disasters and all of that. So I think
we've got the point right and it'll be staged in
as well and over that process, you know, we'll work
with them. But actually, in fairness, you know, I think

(49:22):
I've had a lot of good feedback from rate pays
across the country overnight Mike have said, you know, well done,
you know, and at last someone's coming in with a
little bit of a sense of control.

Speaker 2 (49:33):
Do you think people can get their head around you?
Once again, watching that press conference yesterday, the media questions
were instructed by thought in the sense all they were
worried about was libraries and parks, which is not what
you're saying. You're not talking about library and parks, you're
talking about wastage. So do we not the councils understand
wastage as opposed to libraries and parks, or it's going
to become.

Speaker 5 (49:50):
A scrap well, look, part of this is an education process.
But we are not capping infrastructure. We're capping inefficiencies, right,
and that's the whole problem.

Speaker 3 (49:59):
We've got a lot of.

Speaker 5 (50:01):
Fat in the system and we need to make sure
that that finite amount of money ratepayers aren't a bottomless pitt.
We know that, and you know we've got to make
sure that that cash is going into the areas it's needed.
We're doing some other changes around, making sure that councils
are focused on the basics. It's all part of that package.
But I'm confident I'll work with the industry, not against them.

(50:21):
But at the end of the day, you know, I
work for the ratepayer and this is what they've been
calling for, right.

Speaker 2 (50:26):
I appreciate Simon Watts, Minister for Local Government's eighteen to
two ask if you missed it in Sport the Telegraph
as in the not the British one, but the Dutch one,
which is directly linked. I've never quite worked out how
but Jospher Staffan, who is Max's dad, seems to have
a fairly tight link in. A lot of red bull
ish news comes out of that particular newspaper, The Word

(50:47):
this morning. If you've missed it is that what we
thought was going to happen has happened. A high level
meeting at Red Bull Austria makes a lot more decisions
these days. It was once upon a time pre the
guy Massachuh died recently that basically helmet Marcos your man
along with Christian Horner. Christian's gone helmet Marco's power has
been taken away from him to a degree. Austrian our

(51:10):
sees the F one teams more of part of the
wider Red Bull Sports drink family. Therefore they want to
be more involved in it. Also, they've got to get
ahead of meeting. Hadg's up next to the step and
so it'll be interesting to see what sort of car
they come up with next year given the new regulation.
So Haja gets the promotion, Lawson stays, Linn Blad gets
promoted Sonoda. No one seems to know what happens because

(51:32):
the story this morning is there is a suggestion he's
going to hand his car over this coming weekend for
FP one to lind Blad to get him behind the wheel.
So you can imagine how he feels about that. But
that is it made. The suggestion is he may well
stay as a reserve driver. So he gets demoted from
Red Bull down through racing Bulls to become the reserve driver.

(51:56):
So I don't know how he feels about that.

Speaker 4 (51:57):
All Well, it's a complicated business, isn't it.

Speaker 2 (51:59):
Not overly complicated? I feel like you got sacked.

Speaker 4 (52:03):
I watched I finally got around to watching that F
one movie yesterday.

Speaker 2 (52:05):
Oh isn't any good?

Speaker 4 (52:06):
And I feel like I understand a lot more about
F one than I ever did before. I had no
idea that you could just miss out all those qualifying
rounds and sprint razors and things and just turn up
on the day of the race to decide that you
were racing.

Speaker 2 (52:18):
That that was one of the There was a couple
of aspects for the for the train spotter that simply
doesn't get they change Do they change a car at
one point or do something like that. There's a whole
bunch of rules that are broken. In other words, it's
complete fiction. But they say they say a couple of things.
They say the CGI the racing stuff is very good,
is it well.

Speaker 4 (52:38):
Almost too good? And that because they're in Formula one
cars with big crash helmets on. It's not like watching
days of thunder when you can sort of see what
they're doing and yelling things and stuff. You can barely
make out which drivers which because their faces are all
squished in to.

Speaker 2 (52:54):
Would you recommend it as a movie If.

Speaker 4 (52:58):
You've got a big surrounds bound system, put it on
and turn it up loud. It's fun to hear.

Speaker 2 (53:03):
Okay, So it's sort of like a movie for the blind.
Is that what you're saying? What are you saying?

Speaker 1 (53:07):
Maybe random seven five the mic hosting Breakfast, a full
show podcast on iHeartRadio now would by news talks, it'd.

Speaker 2 (53:16):
Be just to wrap that film review up, glintses It's
quite tense and exciting at the end of the last race,
but the end is rubbish or ridiculous. So I hope
that hasn't ruined it for you.

Speaker 4 (53:28):
I mean, I like I like movies with space ships
and aliens, and you.

Speaker 2 (53:32):
Realize that if one was never going to offer you
that day, no, no, no.

Speaker 4 (53:35):
But I'm good. I'm good at suspending my disbelief.

Speaker 2 (53:38):
But yeah, they just if you'd come to me and
said you reckon, I should watch an F one movie,
I would have gone, don't waste your time. Knowing you
I think you've literally wasted your time. Can I just
give you some credit information, by the way, just to
back up my general theory that the economies come right.
This is Centrix October. Consumer areas continue to fall. Household

(54:00):
lendings up significantly, so that's good. That's year on year.
Mortgage inquiries are elevated. Credit demand is rising ahead of
Black Friday. Demand is falling for young consumed. Young consumers
aren't in to credit cards, which I thought was interesting.
So when I say credit demand, that's different to credit
card demand. They don't like credit cards, which I think
is interesting. Overall, credit demand is up strongest in the

(54:23):
hospital sect, very strong in education and training, and retail
bit sticky. Still in construction. Construction as far as liquidations
are concerned, still a problem, and company liquidations generally is
still a problem. But they're the last cab off the
rank to turn, so generally, that's yet more good news.
Can you handle so.

Speaker 11 (54:41):
Much good news?

Speaker 9 (54:42):
Now?

Speaker 2 (54:42):
I need to talk to you about very briefly about
the cricket because Rob Alter is with us in the moment.
These windows are a bit useless. Is that a fair
question to ask them? They're a bit useless, aren't they anyway,
the test starts today and I'm worried about the forecast.
Apart from anything so more cricket shortly tend to wait for.

Speaker 1 (54:55):
The Mike asking breakfast with a Veda Retirement Communities news.

Speaker 2 (54:59):
Togstead been seven that it's that button. We need a
new one. I've done that twice now.

Speaker 4 (55:06):
It's not just you're losing your fine motor skills.

Speaker 2 (55:08):
No, I don't think so. Seven away from eight the
summer of cricket gets underway. So we got the short
term stuff that's all sorted out, the tests to hear
the real deal. New Zealand Windys of course, Hagley oval
no better place to play cricket in this country. Rob Walters,
the black Caps coach and as well as Rob, morning
to you. I'm worried about the weather. Should I be?

Speaker 17 (55:27):
It's not looking too flash at the moment, it's not
raining heavily overcast, but hoping that that's going to move
on and you're going to get some playing.

Speaker 2 (55:35):
What sort of picture we got?

Speaker 17 (55:39):
It looks pretty good, not not as green as you
normally arrive to here, Ed Hagley, but still hoping for
good home conditions.

Speaker 2 (55:47):
Totch without putting too fine a point on it. Might
the Windys be a bit better at test cricket than
they are at the other forms, as we've found out
so far.

Speaker 13 (55:57):
I certainly think so.

Speaker 17 (55:58):
I think you know, if you track their performances through India,
they kept getting better in tough conditions there. You know,
they've managed to create a few upsets along the last
twelve months in Test cricket. They've got a nice bowling
unit and sertainly some players who probably find their space better.

Speaker 3 (56:15):
In test cricket.

Speaker 17 (56:16):
So I wouldn't expect it just to be a pushover
there for sure.

Speaker 2 (56:19):
Are the guys can big up? I mean you're seeing
what sort of the ashes? I mean, we're not going
to have a two day or.

Speaker 17 (56:25):
Are we certainly hope not.

Speaker 2 (56:29):
How do the players compartmentalize and is it an issue
or are you already thinking about things like England and
T twenties and World Cups and stuff like that.

Speaker 17 (56:39):
No, I think you know, players have become pretty used
to swapping in an out of different formats, and I
must say this seems particularly good at being with their
feet are and focusing specifically on this test. I mean,
you always have one eye on you know the pinnacle
event that you're either part of a building towards you
obviously have to, but it's it's in the background and

(57:00):
really focusing very hard on taking care of today.

Speaker 2 (57:04):
Firstly, good stuff. You're enjoying the job so far?

Speaker 17 (57:07):
Yeah, loving it, dasty An awesome, awesome so far, A
great group of people you know, both started and plays.

Speaker 2 (57:12):
Good stuff. That's to catch up. Appreciate it very much,
Rob Walter, who's the black Cats head coach, Mike, when
you actually give me one, Glenn five minutes away from
it tasking, when you start using the term rockstar economy again,
that's when we know we're back on track. That's a
very good point. Mark. I'm going to I'm going to
pace myself on that one very carefully because I don't
want to go too soon on that. I don't want
to say that in you know, May next year and

(57:32):
everyone goes, h he must nah, it's not right, Mike.
What the heck is Lewis Hamilton going to do next year?
It's been such a rubbish year for him, Paul, He's
going to be fine because what the rubbish part of
the year for him has not been him. He's just
as good as he ever was. He's just one of
those drivers who's trapped in unfortunate circumstances. Some way. I
feel the same way. Some mornings I look through the

(57:54):
double glazing and I think to myself, am I on
the right team here?

Speaker 4 (57:57):
That's that's when I feel bad about that.

Speaker 2 (57:59):
Yeah, exactly so.

Speaker 4 (58:01):
I mean, imagine if you weren't handicapped by imagine what
I could have been. You'd be in a constant flow state.
You'd be soaring. We're like anchors around you.

Speaker 2 (58:13):
So true. Morning. Mike here Us said the last night,
you drink your own pea. She did not, did she
honestly say that.

Speaker 4 (58:22):
I didn't think you find that out.

Speaker 2 (58:23):
She said, you drink your own pea as a health
benefit as well as ice. Barts Plea confirmed. Only with
soda water, you just effervescence.

Speaker 4 (58:33):
The plungeboard doesn't actually have their ice in it, I
does it. No, it's just cold as ice.

Speaker 2 (58:38):
It's cold as ice. It's three or four degrees. David
Williams is. But moments away you're on the mic.

Speaker 1 (58:44):
Hosking asking the questions others won't the mic hosking breakfast
with the defender embraced the impossible news today.

Speaker 8 (59:01):
This has been.

Speaker 2 (59:04):
The energy well of my favorite Christmas songs. Seven minutes
past eight. Time for ketchup with an old mate. David
Williams as beckler A's latest children's book, just in time
for Christmas, called Center and Son eds to growing portfolio.
He sawd more than sixteen million coffees for goodness sake.
David Williams as well us, good morning, lovely to see you.
I've missed you, miss I've missed you too year since.

Speaker 18 (59:26):
I've seen I was last year and it was the
highlight of my trip, surprising you at the studio and
your sort of wife arranged this as if I were.

Speaker 3 (59:37):
Some kind of kiss agram or something like that.

Speaker 18 (59:40):
I've come to delight you. But it's lovely to see you.
You're looking very well.

Speaker 2 (59:45):
Well, you're looking well as well. I note I'm a
details person. Last time we interviewed each other via the zoom,
you were in exactly the same position, and I believe
the glasses behind you were exactly the same.

Speaker 18 (59:58):
I well, I have my position, I have my lighting
set up, I have my makeup and costume team right here,
and no, this this is the spot in my house
that I reserve for for zooms. So yes, you can
see my glass where, some of which is incredibly nice
and incredibly camp, including these glasses.

Speaker 3 (01:00:21):
They have a little flamingo. I mean, what kind of
man owns that?

Speaker 2 (01:00:25):
What are you serving me?

Speaker 3 (01:00:28):
Well?

Speaker 18 (01:00:29):
When you have kids over like my son and these
having a little you know, tea party or something, you
put a little bit of water in those just to
jazz things up a little bit. Like there's a man
who spends his life in skin tight leather trousers criticizing
my flamingo.

Speaker 2 (01:00:48):
I'm not criticizing him. I just want what drinks you
would serve in there? And you've got a lovely cup
as well. By the way, I saw a fighter of.

Speaker 3 (01:00:54):
You, my Willy. That's beautiful rolled down.

Speaker 2 (01:01:00):
Where are you at with your writing in terms? Are
you still challenged by it?

Speaker 18 (01:01:05):
I love doing it. I mean it is challenging. I
think the more you do, you know you're constantly scared.
You think, oh my god, I'm going to run out
by ideas, or you think, oh god, this is too
similar to something I've already done. The thing I try
and do is move away as far as I can
from something I've just done, because the thing is you
just don't want to repeat yourself. And a lot of

(01:01:28):
the first books I wrote, they were set in contemporary
Britain and they revolved around schools and things, and I
created all these teacher characters, you know, all these head
masters had mistresses and maths teachers and frenchly soever.

Speaker 3 (01:01:42):
I've got no more teachers.

Speaker 18 (01:01:44):
I I can't think of any more traits that would
make teachers funny. So whether I just have to move
away from that and find different stories. And so they've
gone in all different directions to Victorian times, into the future,
nineteen twenties, the nineteen forties, and that's really.

Speaker 3 (01:02:03):
Helped me, you know, just kind of each time.

Speaker 18 (01:02:07):
Feel like I'm doing something new, because forty four books
is a lot. I mean, it's quantity of equality, Mike,
but it's still a lot of different ideas. You know,
It's not a series I've written. Each time, it's a
different story, and so I sort of have to make
it difficult for myself just so I don't end up
going down the same path.

Speaker 13 (01:02:26):
I love.

Speaker 18 (01:02:27):
I love doing it. It's just sometimes you get stuck
and then you get really demoralized. But then you do
something else and then you just you sit in a
bath or something, and for some reason it just pops
up the idea, Mike, the idea just pops up than
your head.

Speaker 2 (01:02:45):
Do you Is the success still important, very much so,
more than ever?

Speaker 9 (01:02:52):
Well?

Speaker 18 (01:02:52):
Yeah, I mean, you know, it's the same effort writing
a book that one people, you know, one person buys,
so the same effort of a million people buy it.
So it's exactly the same effort. And of course I'm
not really competitive in any big way. I don't see
other people who do what I do as sort of

(01:03:12):
foes or anything. I'm perfectly pleased with other people's success.
But of course I want my book to be well received.
I want kids to enjoy it. I wanted to make
people happy. I mean, the thing about doing a book
is that you write the book on your own, and
generally the books are read, you know, children read them
on their own.

Speaker 3 (01:03:30):
With parents and stuff. But obviously it's not a thing.

Speaker 18 (01:03:32):
I'm not on a stage read I'm not getting immediate feedback.
And so the lovely thing is is when I meet
kids at events and they tell me how much they
enjoyed the books, or parents says comes up to me
and says, I couldn't get my child to read until
they've read one of your books. And I sent some
books to a friend's kids and they said, well, they've
already devoured three hundred pages tonight.

Speaker 3 (01:03:54):
And I was like, wow, okay, the book.

Speaker 18 (01:03:57):
Must be okay, because kids, you know, to read that
much in one go and to want to keep reading,
you know, to have that sense of urgency that you
need to whip through it is you know, it's exciting
to me, so you know, but ultimately, I think with anything,
and you could ask a lot of great people this
is like, ultimately what matters a lot is how you

(01:04:18):
feel about it. So I would hate to turn out
something that I thought was underpar and I'd feel embarrassed.
And I was talking to a friend of mine, Ragna,
who's a crime writer who lives in Iceland, and I said,
you know, I woke up in the middle of the
night with just wanting to change a line and he went,
that's because you care, and I thought, yeah, that's a
good way. Yeah, I thought it was a good way

(01:04:40):
of putting it. Obviously he cares too, and all writers do,
I'm sure, but yeah, that's.

Speaker 3 (01:04:45):
The weird thing.

Speaker 18 (01:04:45):
You're lying in bed at night and you just think, oh,
that would be a better joke. I've changed that in
the morning and it's really really like you it's two
words or something you're going to change.

Speaker 2 (01:04:54):
Listen a hold on, Mike. We'll come back with more
in a moment. So the new book Center and Sun
David Williams is with us more in a moment. Thirteen
asked the.

Speaker 1 (01:05:01):
Mic asking Breakfast Full Show podcast on iHeart Radio powered
by News Talks.

Speaker 2 (01:05:06):
It be News Talks, will be sixteen past eight Center
and Son has the book David Williams is with us
out of London this morning. I listen without without probing
too much. Bro, No, no, no, I won't. But your
son Elfie does he Where is he in terms of
does he think you're cool? You and what you do?
And you know Dad's Dad's a writer and he's super

(01:05:28):
you know, does he get that age yet? Where he's
got it?

Speaker 3 (01:05:31):
Now?

Speaker 18 (01:05:31):
He's rolling his eyes every time I speak, Oh, I
like that when I ask him to do something. But
it's very strange you do have to tell children to
do things like the other day, well yesterday actually was
getting out of the car, is about to Bay Rugby
and it's like, you know, these got out of the
car with Rugby hasn't done up the.

Speaker 3 (01:05:48):
Laces are doing it later, Dad, The sensible thing would
be to do it now. But yeah, I mean I
think he.

Speaker 18 (01:05:57):
I think what's happened is he's twelve years old, and
so he's now even though I never said to him,
I never really talked to him about Little Britain not
comply with me, He's now in a situation with his
friends at school who are just finding these things themselves
on YouTube or online or.

Speaker 3 (01:06:14):
Whatever, and.

Speaker 18 (01:06:17):
So he sort of got into it to my comedy
work through his friends. Not because his friends particularly, I
don't care about me or know me, but just that
when you're a twelve year old boy, you want to
start watching some rude comedy shows. So he's got into
that now. But I find it odd because it's daddy,
you know. Can we watch an episode of Little Britain?
And I just find it odd sitting there watching it

(01:06:39):
with him, because I'm thinking, is he finding this funny?

Speaker 3 (01:06:40):
Does he understand this joke? Whatever?

Speaker 18 (01:06:43):
But no, I think he. You know, we have a
lot of fun together. We have a very close relationship.
And the book is about the bond between a father
and son and it's also well, this dad is a
sort of deadbeat dad. But there's definitely a theme running
for about parents, separated parents and the boy, you know,

(01:07:04):
basically he hasn't seen his dad for many years, and
he doesn't he gonna you know, it's like he sort
of gets to spend Christmas with his dad but not.
And so I was thinking a bit about sometimes the
pain you feel as a parent when you don't have
your child at Christmas. I was thinking about that because
I think Christmas everyone there's a sort of thing we've

(01:07:26):
all got to be happy, but there's often sort of
melancholy creeps in.

Speaker 3 (01:07:31):
And I remember my dad died.

Speaker 18 (01:07:34):
It was like seventeen years ago now, but sort of
in November, and I remember sort of dreading the first
Christmas without her. I know, it was just horrendous, you know,
sitting around crying. And so it's one of these things,
isn't it. It's a time where sort of it's almost
like you're forced to be happy, but it's not always
the happiest time, especially if something has gone on, like

(01:07:55):
your breathement or something. So I wanted a little bit
of that. And it's a comedy action adventure, but I
like to have a theme.

Speaker 3 (01:08:03):
I like to make a point.

Speaker 18 (01:08:04):
It makes it interesting for me, and it means there
is something for the reader to take away and to
discuss their parents, you know.

Speaker 3 (01:08:13):
I think I think that's important.

Speaker 18 (01:08:14):
If I'm going to go to the effort of writing book,
I want there to be some point to it. Sometimes
they're just funny, sometimes they're silly. Sometimes they're just adventures.
But I feel like, if I'm going to write a
Christmas story, it's got to have some resonance, you know,
it's got there's got to be more than fun going on.

Speaker 2 (01:08:32):
Are you escaping Britain for Christmas? Are you off to
your villarum New Yorker, Portugal? Spain?

Speaker 3 (01:08:39):
I call it more of a castle, But I'm not
going there.

Speaker 18 (01:08:43):
I'm I'm taking my son away before Christmas to the Maldives.

Speaker 3 (01:08:48):
Okay, there you go.

Speaker 18 (01:08:51):
But he's really into his scuba diving, so we're going
to go diving together and I'm very excited. I don't
have him for Christmas, which is probably what I was,
you know, just talking about now, But I have my mom,
my sister, my nephews, so that's all good. But yeah,
I don't mind. London's quite exciting at Christmas, the run
up to Christmas. This suddenly is the first This is

(01:09:13):
the first of December. Today, obviously the Christmas lights are up.
The tree in Trafalgar Square goes up today, the pantomimes
are on, you know, the Christmas menus and the restaurants everything,
and so it does become quite exciting. So I rather like,
I rather like being in London in the run up
to Christmas. But as soon as I've had my Christmas lunch,

(01:09:34):
I'm ready for the whole thing to be over.

Speaker 3 (01:09:36):
I've had enough.

Speaker 18 (01:09:37):
Bit immediately, we've done it, we had, we had the lunch, right,
can we get on with something else? And you know,
I find the time between Christmas and you year an
amazing time to get on with some.

Speaker 3 (01:09:47):
Work really because well.

Speaker 18 (01:09:49):
Because people aren't contacting you, offices close, you're not getting
emails from and it's an amazing time to get a
lot of writing done. So I will finishing off my
new book.

Speaker 2 (01:09:58):
Then all right, we'll listen, you go, well, you have
a fabulous Christmas, fabulous holidays, and we'll look forward to
having your back on the program super soon. David Williams
with us this morning are Center and Son eight twenty one, the.

Speaker 1 (01:10:11):
Mi Hocking breakfast with the Defender and use togs eNB.

Speaker 2 (01:10:15):
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(01:11:23):
we're fans of David's books. We gave our nine year
old son, Center and son this morning in his advent calendar.
He got very excited to get through the day. So
looking forward to going to bed tonight reading it isn't
that nice?

Speaker 4 (01:11:33):
That's a fancy ed van Ken. It's very big doors, big.

Speaker 2 (01:11:36):
Slots, isn't it? Get a book in the slot? Mike,
David's books a total quality. Looking forward to his Christmas
edition to our library. There you so he's a fan, Mike.
I work in a scrap metal yard serving lots of tradees.
The general opinion is buoyant. All plumbers, Sparky's builders, et cetera.
So they're busy again. Seems to have done the hard
yards and things looking up Roscoe. I agree with you.

(01:11:57):
We were talking yesterday to tell you what sector they're
in because that would sort of give them away. But anyway,
we were down there and they said, we've had just
an excellent year but we don't like to shout about it.
And this is my other worry with the New Zealand
economy at the moment. The reason they don't like to
shout about it is that they claimed a camaraderie within
their industry and they know within their industry there have

(01:12:20):
been people who have doing it tough, have been doing
it tough, and therefore they don't want to be the
ones going, hey, look at us, we're fantastic. Wa who
and their mates are not doing so well. But I
would argue that the reason they've done so well is
because they're actually good at what they do. And I've
tried to argue this all along. You can have a
whole sector that, allegedly, according to the media headline clickbait,

(01:12:40):
they're in trouble, but within that sector, any given sector,
it doesn't matter what. There's construction, hospow whatever, Nayla Love.
I gave you that example the other day, construction. No
one's doing it harder than construction. Yet Nayla Love cracking
a billion dollars in revenue. Why because they happen to
be good at what they do. So I'm seeing a
lot of that at the moment. Mike When you listen
to all the travel advertising by overseas airlines and cruise
ship companies, many of us have plenty of play money

(01:13:02):
the first time buyers also indicates we are doing well.
Good news, isn't it? Yes? It is now speaking of
money that budget from the UK last week they got
real problems around us with calls now for inquiries, Rod
with the details after the news, which is next?

Speaker 1 (01:13:22):
Opinion edit informed, unapologetic, the mic asking breakfast with Bailey's
real estate doing real estate differently since nineteen seventy three
news togsdad be.

Speaker 2 (01:13:33):
This is interesting if it's true. Mike cars in a
boat shop yesterday. The owner city's gone from selling a
boat every four days to three boats a day. It
is this time of year. I'll grant you that, but
that's I would have thought that's a lot of boats now.
I alluded before the news to this problem that mis
Reeve seems to have with their budget. One was the
fact we went round taxing everybody and there's billions of
dollars worth of trouble there, and of course the interference

(01:13:55):
with the economy in general. But we also have this
interesting situation or not she misled the country in other words,
she had numbers and she knew things were just a
little bit bitter than she was inferring to the rist
of the country anyway. James Murray, who's the UK Treasury Secretary,
He's bed's busy running defense bort.

Speaker 19 (01:14:12):
The Chancellor has been consistent and upfront with the public
about her considerations in the lead up to the budget
last week, mister Speaker, The Chancellor took the step of
delivering a speech before the budget precisely so that she
could be upfront about the circumstances she was dating and
the decisions that she would need to take. The Chancellor
has been honest and consistent with the public in everything

(01:14:33):
she has said.

Speaker 1 (01:14:34):
International correspondence with ins and Eye Insurance, Peace of mind
for New Zealand business.

Speaker 10 (01:14:39):
Roll little's with us morning mate, Yeah right, as they
say in response to that last clipping place, Good morning, Mike.
How you doing it?

Speaker 3 (01:14:48):
Very well?

Speaker 11 (01:14:48):
Undoing?

Speaker 2 (01:14:49):
The Shadow Chancellor mel Stride is the UK's financial regulator
needs to have a look at this. Does he have
a point?

Speaker 10 (01:14:56):
Yes he does. Kenny bad Knock has appointment. She says
that Reeves should resign, as does Nigel Faraj. Okay, what
we've had now is that the boss of the Office
for Budget Responsibility has resigned for having allowed his organization
to release figures earlier than was appropriate. But it doesn't

(01:15:21):
disguise the fact that the retel Reeves still appeared before
the public and did not mention did not mention information
she knew to be true, which was that the tax
receipts were good enough for her not to need to
raise taxes. She knew that didn't say it. It's pretty

(01:15:43):
disgraceful and it's not all over yet for Reeves and Starmer.

Speaker 2 (01:15:47):
I was going to say, can they dig themselves? I mean,
from this side of the world. I'm sure there are
some people who thought that what happened was good, but
I can't find them, and I certainly haven't heard them.
It seems Britain is upset of not a gas than
what they delivered.

Speaker 10 (01:16:03):
No, the country is aghast. And you know, whilst the
budget itself didn't freak out the markets in the way,
which that was the one thing she wanted. She wanted
to do two things. One keep her backbenchers happy and
two not freak out the markets. She kind of managed

(01:16:24):
to do both of those things, but the first by
raising by scrapping the two child benefit cap, and the
other by raising taxes anywhere as much as perhaps her
backbenchers would have liked, if we're honest, just by dragging
more people into higher tax bands. But as time has

(01:16:46):
gone on, people have seen that this is an incredibly
inect budget which will stifle economic growth, which actually brings
more than half a million people into a higher tax band,
is especially in this kind of middle of the economy
where people are really struggling to get by and doing

(01:17:07):
the right thing. But it rewards the benefit claimants. It
couldn't be worse in that respect.

Speaker 2 (01:17:15):
The Center for Social Justice, which is a think tank,
claiming that you need now a salary of about seventy
one thousand pounds to match the benefits income for some
of the bigger families that she's had. It's unbelievable.

Speaker 10 (01:17:31):
It is unbelievable. I mean, you could choose your figures.
I mean the usual one which I go to is,
you know, if someone has got a family and they're
bringing in thirty four thousand pounds per year, they may
as well give up work because they will get more

(01:17:55):
money if they're not working. It is as simple as that.
And yet you know, the less still says no, no, no,
we shouldn't divide the country into people who work and
don't work. We should there is no such division between
the many of the people who are on benefits of
people who are actually working.

Speaker 16 (01:18:13):
Well.

Speaker 10 (01:18:14):
Some of that is true, but it is also nonetheless
the case. But if you have a situation where you
know you need to be earning forty fifty thousand quid
or more in order to be better than someone who's
doing nothing, then that is a recipe for disaster.

Speaker 2 (01:18:29):
Sixty eight one polar rid sixty eight percent about just
thought she should resign? Is she going to? Will she
deliver another budget? Do you think?

Speaker 10 (01:18:40):
Probably not, because I think she will have to go
after the next I assume there won't be a budget
before the next May elections, unless it's a snap spring budget,
and I think at the next May elections, where the
label will get well and truly trenched, both she and
Starma will probably be gone. But it is it is

(01:19:08):
galling that she hangs on that long, frankly, given that
her first budget was an unmitigated disaster, which did everything
that the Labor manifesto said it wouldn't do, which was,
you know, the premise was to go for growth. She
did everything possible to restrict growth and given this day

(01:19:31):
bark of a budget as well, it really is she
really has been an appalling chanceller.

Speaker 2 (01:19:37):
Just before we leave Libry in Pason miss tula as
in Sadik. From what I could read, is there something
to do with family land or something like that? There's
some sort of land deal in bangladation she's sitting in Britain.
I mean, does anything come of this?

Speaker 10 (01:19:49):
Well, well it should. This is a labor MP who
copped a load of land from her very rich family
in Bangladesh, all of whom were off trialed out for corruption.
And she has been sentenced to two years in prison
for corruption. She won't serve it because she's not going
anywhere near Bulgradesh anywhere soon. It's not a good look,

(01:20:11):
is it, you know? Which is labor MPs conibing in
third world corruption? And there's no question that her family
has many, many grave questions to answer, no matter what
reservations you put on the Bangladeshi judicial system.

Speaker 2 (01:20:29):
Why are the doctor's going on strike.

Speaker 10 (01:20:33):
Because that's what doctors do. They don't do any work.
I needed to ring a doctor today and they told
me that the clinic had shut at two o'clock. You know, no,
they are perpetually on striking. It is the most radical
and left wing of all the unions and that is
more pressure on labor. Labour thought they had bought off

(01:20:56):
the doctors. You can't buy off the doctors. You would
need to give them, I don't know each doctor leek
to the Stine or some small European country to keep
them happy. It's just absolutely and this is more chaos.
And of course they're doing it right at the time
when the health service is under pressure, going on strike
for five days at.

Speaker 2 (01:21:16):
Christmas and all right, make we'll catch up Thursday. Appreciate it.
Rod little couple of other things, one of which is
particularly interesting to tell you about from Britain. In just
a moment eight forty five.

Speaker 1 (01:21:27):
The like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (01:21:32):
B protests in Britain, there was about four thousand, tiny
little place called Crowbra And so they want to park
five hundred and forty mail asylums se because this is
in the Sussex in the barracks. This is the latest
asylum seeker barracks side here and the local township. We're
far too small for that. So they had a big
protest over the weekend. Some really interesting advice on prostate
cancer screening came out the UK National Screening Committee. They

(01:21:56):
are against routine prostate cancer screening for the majority of men.
Expert committee suggests mass testing could cause more harm than good.
Chris Hoy as a cyclist, he was disappointed. He's become
an advocate or screening and all that sort of stuff.
Disappointed and sadden. But mass screening can miss dying, miss
dangerous cancers and detect ones that don't need treatment. So

(01:22:18):
they say only men with the Bracker one of the
Bracker two mutations between the ages of forty five and
sixty one should be offered regular testing. So that's always
controversial when they say things like that. And then the
weird thing Jeremy Corbyn's party, which is called Your Party.
The funny thing about your Party was they actually put
the name of the party out to the members and
gave them options and thirty seven percent of people voted

(01:22:42):
for your Party. The options were your party, our Party,
Popular Alliance and for the many.

Speaker 4 (01:22:51):
They didn't have a party, mcparty face.

Speaker 2 (01:22:52):
They didn't have a party mcparty face, So Jim, I
don't think it goes anywhere. And him and Sultana. Sultana
is the woman who co founded the party with him.
It seemed to get on and she doesn't seem to
get on with any body, and so I don't know
that that's going to be a thing. Mike. Now, I
mentioned to Brindan Hartley driving the Red Bull left one
car around Adelaide, Well, yes, I did. I did it yesterday.
James don't come to the party twenty four hours late.

(01:23:13):
He did really well, as several of the outings were
in some pretty wet conditions. Yes, they were great. Seeing
Key was on the stage. Yeah, he got rung up.
I told her the story I made of mine was there.
He went over there and sent me some video clips
from the whole thing over the weekend. And that particular
car that Brendan was driving was the RB seven, which
was Vettel and Webbers, and he had won. Brendan was

(01:23:33):
in Monaco, so they rang him up and said you
want to come down to Adelaide for the weekend. So
that was fine, but he had never one been to
Adelaide driven that circuit at all. And two never driven
the car, so they never driven the car and never
driven the circuit. So he had a great time. So
that was nice, and you're right, it's good to see
Key was on the stage ten away from nine.

Speaker 1 (01:23:47):
On My Costing Breakfast with Bailey's Real Estate news dog zedby.

Speaker 2 (01:23:52):
Now plenty of New World shopers surprised to learn they
burned the New World dollars just from weekly shopping. So,
according to the New World, there are loads at the moment,
loads of New World dollars out there just waiting to
be spent for this Christmas. Now you can use them
to treat yourself to something extra saved on the next shop.
Why not a New World And if you don't know
what your New dollar or New World dollar balance is,
check it out because one New World dollar, that is

(01:24:13):
the important part, one New World dollar is equal to
one yew Zealand dollar when spent in store or online.
So you can check your balance by asking the helpful
New World team at the checkout or by downloading the
New World app. So Christmas perfect time to just spend
New World dollars after all. So, and how do you
earn these New World dollars? Will you earn them? Simply
by using your club card when you shop and store,

(01:24:33):
or online or even through the app with new Will
asking by the way, Honduras, I'm interested in a bit
of democracy going on in Honduras at the moment's on
a knife edge. Forty percent of the voters in the
Asfura guy, this is the one that's Trump is supporting.
He's got forty point five percent of the vote. Nasraala,
who's also a conservative, thirty nine percent of the vote.

(01:24:57):
So that's with forty percent of the vote. So it's
not going to be until tomorrow the next day. Of course,
Trump threatened that if asfar I didn't win, it's stopped
funding Honduras. But that's how Trump rolls, isn't it, Mike.
Con recessionary times, organizations need to pivot and hustle because
the market has changed. Instead, many suffer from boiling frog syndrome,
sitting still and hoping demand returns to New Zealand. Business

(01:25:17):
needs to pivot and hustle more and shed the victim attitude.
What an excellent text. Well done. Appreciate that, Mike. I
remember years back you said you loved immigration, and now
the world seems to be suffering from it. What do
you reckon, Well, Paul, I reckon you want to differentiate
between what I think you're referencing, which is what I
was talking about before, which is not immigration at all.

(01:25:38):
It's asylum seekers, who are completely different category, and also
the other form of immigration in that particular part of
the world of the UK, which is a legal immigration.
What I'm in favor of, always have been, always will be,
is legal immigration. And this is a country that could
use a lot more people, and if you bring in
the right people with the right skills to do the
right things, it can be an amazing place. So I

(01:25:59):
was for it then and I'm for it now. Five
away from.

Speaker 1 (01:26:02):
Nine trending now with ham Swarehouse the real house of
Fragrances right now.

Speaker 2 (01:26:07):
What happened was with Shawn Combs. When he knew he
was about to get arrested, he went and hired cameraman
because that's what you do when you're about to get arrested,
and they follow him around so you build up a
bit of footage. Now it turns out that footage has
ended up in the hands of FID Decent. Now Fidscent
and did It had a feud and that's been going

(01:26:29):
on for ages because that's what happens in the rapper
world anyway, is firty cents. Now, this producer of a
four part doco that Netflix have picked up, and it's
called Sean Combs The Reckoning.

Speaker 16 (01:26:43):
We have to find somebody that to work with us,
that has dealt in the dirtiest of dirty business.

Speaker 3 (01:26:48):
Were loose.

Speaker 8 (01:26:52):
Puffy Puff Daddy, dirty.

Speaker 3 (01:27:01):
Show called.

Speaker 1 (01:27:06):
All of these read incarnations, all of those name changes.

Speaker 2 (01:27:12):
Are attacked to really bad deeds.

Speaker 14 (01:27:19):
Everything in life, You're going to have people that are
bad and people that are good.

Speaker 11 (01:27:23):
You have to choose yourself in turn.

Speaker 2 (01:27:30):
On Netflix tonight at nine, the MRI results from Trump
just in Developing News. Comprehensive executive physical advanced imaging was
performed because men of his age benefit from a thorough evaluation.

Speaker 11 (01:27:45):
Anyway.

Speaker 2 (01:27:45):
The questions were, what happened in the MRI, What bit
of the body did they do? Blah blah blah. They've
released the apparently spine and apparently. They say he's supersonic.
They say he can fly, they say he doesn't even
need a cape. They say he's made of gold, real gold.
It's incredible.

Speaker 4 (01:27:59):
Do you go to the same doctor is Biden.

Speaker 2 (01:28:01):
I reckon back tomorrow morning from six as always, Happy Days.

Speaker 3 (01:28:08):
You love me, Here meansy.

Speaker 1 (01:28:12):
For more from the Mic Asking Breakfast, listen live to
news Talks at B from six am weekdays, or follow
the podcast on iHeartRadio

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