Full Show Podcast: 02 September 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the Mic asking
breakfast with Bailey's real Estate covering all your real estate
needs news tog's head be Hlly.

Speaker 2 (00:10):
Welcome well today. How long does a simple idea take
to get across the line? The PM and Peter's on
foreign buyers, Good news on housing as mortgage money starts
to flow more freely. Ben Bailey, host of in New Zealand,
Food Story, owner of half a dozen successful restaurants, on
hospital and successes with us after Right, Catherine Field in
Paris and Rod Little does the Money UK Pascal it
a Tuesday seven past six. Wow, we got there lasted

(00:32):
and't we? I mean, if you're a Golden visa holder,
that's a person who puts five or ten million into
the country, you can buy a house. The idea that
we expected you to put that sort of money into
a country but then rent what was and is absurd.
Not to get into the weeds too deeply. The Golden
visa as different to the one hundred and eighty three
days rule. The Golden visa means you can invest but
not be here for one hundred and eighty three days,

(00:53):
but now means you do qualify for a five million
dollar plus home. None of this is complex, none of
this needed to be as as it turned out to be.
You will note from the Winston Peters comments he has
preserved his ongoing dislike for the so called foreigners coming
here and snapping up the countryside and locking the rest
of us out of the market, none of which happened,
of course, but the xenophobic streak runs deep in the

(01:13):
party clearly. But if you go back to National's original
idea of two million dollars, a lot of water has
gone under that bridge, a lot of banging of heads
has clearly happened, and some people have had to be
drag kicking and screaming to what I would have thought
was a fairly obvious finish line. The weird thing for
me about Peter's is this is the same bloke who's
out in the world pleading with said world to come
and invest and come and do business. We are open.

(01:35):
Is trying on one hand to desperately rectify the damage
of the Labour government covid era, while at the same
time doing the old New Zealand first cake and eat
at two trick, Please come, please bring your money. But oh,
given you a foreigner, can you airbn B? I mean
it's nonsense. At five million, it changes little or nothing
for you and me. It's a tiny portion of homes.
It's a couple of million pounds at three million American bucks.

(01:56):
For some global citizens it's pocket change. But it all
helps a man. Do we need help? The worry is
the difficulty in getting here easy obvious decisions should not
be hard, they should be quick and slick. But it
all helps. It was a good day for New Zealand and.

Speaker 3 (02:15):
News of the world. In ninety seconds.

Speaker 2 (02:18):
With the fn earth quake, eight hundred twenty five hundred
injured a lot of survivors.

Speaker 4 (02:21):
The earthquake struck at midnight. Children are trapped under the rubble.
The elderly are under the rubble. Young people are under
the rubble. We need help here. Nearly ninety five percent
of our village houses are destroyed.

Speaker 3 (02:35):
We have many martyred and wounded people.

Speaker 2 (02:37):
You can imagine the rescue operation.

Speaker 5 (02:40):
Rescue work is underway in various areas, and we have
some areas where rescue teams have not yet reached due
to difficult terrain.

Speaker 2 (02:46):
We had reached them via helicopter, but not by road.

Speaker 6 (02:49):
As it's very difficult.

Speaker 2 (02:50):
In the Middle East, also a missed but for different reasons.
The back and forward over a journalist excess to gas
and continues.

Speaker 1 (02:55):
Which organizations were from them recently them at least one,
at least once a week in many of the weeks,
twice the week.

Speaker 3 (03:03):
Dozens of week.

Speaker 7 (03:03):
Which organizations are later on which media organizations.

Speaker 8 (03:07):
Wider organizations, and we're also participating with foreign press associations.

Speaker 2 (03:11):
Now then we go to Europe, where a number of
semi dramatic things have unfolded. Firstly, vonder Land's plane on
approach to Bulgaria yesterday had as gps GM by the Russian.

Speaker 9 (03:19):
Treats and intimidations that are a regular component of Russia's
hostile behavior. This incident actually underlines the urgency of the
mission that the president is carrying out in the frontline
member state.

Speaker 2 (03:33):
In the UK, what looks like something close to panic
is Stama reshaping his office and the Home Secretary reshapes
migrant rules.

Speaker 10 (03:40):
We need to close all asylum hotels, and we need
to do so for good, but that must be done
in a controlled and orderly manner and not through a
return to the previous government's chaos that led to the
opening of hotels, and the.

Speaker 2 (03:55):
Queen shared and sat through a new book of the
time as a teenager she took on a sexual devian
trying to attack her on a train.

Speaker 11 (04:01):
She now feels quite pragmatic about it and thinks if
people realize that there's no shame or stigma to being
a victim of these experiences, perhaps might make it easier
for other women and girls to talk about it.

Speaker 2 (04:17):
Talk to him with a shoe apparently led to an arrest. Finally,
Guinness Book of World Records has turned seventy, so they
are revealing the records as yet unclaimed starters for ten
if you're interested, most whoopee cushions sat on in one minute,
fastest time to blow a stamped teen meters to most
high fives and thirty seconds, fastest four hundred meters sack race,

(04:38):
and the fastest time to ascend the height of Everest
by basketball, amongst others. Use the world and record in
the ninety city. Yes, Darbo, it's all internal. He needs
some more advisors, so he's hired a whole bunch of people,
some of them from the Bank of England. That Parat's
moderately interesting. Cooper's thing is more interesting. She suspended the
refugee family reunion applications. As the Tory said in the House,
if you arrive in Britain illegally, you should not be

(04:59):
allowed to bring your family. There's no kidding meantime. Leguard
and we'll probably cover this off with Catherine Leguard as
in Christine Leguard, the European Central bankhead has given a
speech said if Trump gets hold of the US Federal Reserve,
it represent a very serious dange to the global economy.
So she's laying it on thick as well. It's a
busy morning, twelve past six.

Speaker 1 (05:19):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, followed
by News Talks EPI.

Speaker 2 (05:28):
Joe Bugners died. Remember Joe Bugner's seventy five years old.
He was He was in a care home in Brisbane
in Australia. He was Hungarian born, but he was British
and Australian. Henry Coopery beat if you're into boxing in
seventy one became the British, European and Commonwealth heavyweight titles.
He ended with a record of sixty nine victories, forty
one by knockout. His big claim to fame, of course,
was he went the distance with Ali back in seventy

(05:51):
three and seventy five. Fifteen past six, Joy and my wealth,
Andrew Keller her, good morning, very good morning, my love,
Building consents. We building, though? Is the question?

Speaker 8 (06:02):
Well, we Hey, Mike, is it fair to say that
in the last few weeks we've seen a little bit
of a lift up in general economic centric I think
we have, and that's helped, of course by the dovers
shift in the RB and Z thinking. But as ever, now,
even though we've got that, we now wait, as we
have been doing for most of twenty twenty five, for
the numbers sort of to turn meaningfully. And we know

(06:23):
the construction sector is one that is really feeling the
effects of the sort of economic slow down, compounded of
course by the very lackluster residential property market, and we
need we need to see a lift in building contents,
I think, to give us confidence that the residential property
sector is really recovering. Now we aren't seeing that lift,
but we can say with confidence that the numbers are

(06:44):
very stable. We have built a very solid base. The
problem is, as we keep comparing ourselves to those crazy
times in twenty twenty one twenty twenty two, which kind
of doesn't help. They were weird. Now, in July thirty three,
eight hundred and seventy nine new homes were consented. That's
down zero point one percent compared to the year end
of July twenty twenty four, so I would call that

(07:05):
very stable now of interest. If you look at the breakdown,
standalone dwellings rose one point seven percent, offset by fall
in multi unit dwelling consents. But within that multi unit category,
apartment consents of how to jump now, they are by
their very nature lumpy, so we do have to be
careful of that of just one one spike. But there's

(07:26):
twenty six percent more apartments were consented for the year
compared to the year to July twenty twenty four, which
sounds like an awful lot, doesn't it. But it's still
only twenty two hundred and seventy nine concents out of
nearly sort of thirty four thousand, I suppose, so it's
not a huge proportion of them regionally. Mike, again not
surprising that apartment lift as an Auckland story, so lifted

(07:46):
the Auckland twelve month numbers up five percent and you go, well,
that's exciting, But you scan the rest of the country, Canterbury,
even Canterbury the twelve month total down two point six percent,
and then you've got places like Wellington down seven point four,
the Waikato down seven point one. But there is good
news in this making that the consents are very stable.

(08:06):
They're not falling.

Speaker 2 (08:07):
Good.

Speaker 8 (08:07):
What about Australia, Well, yeah, staying in the same lane.
I'm not sure why we keep doing this to our salves,
this constant comparison with Australia, but we do, don't we
And in the property lane, you could characterize their property
market as starting to show a little bit of life.
I think you might have referred to this a couple
of times in the last couple of weeks here. But
looking at the latest catality report Capital city houses over

(08:30):
there up zero point eight percent in August, which doesn't
seem like a lot, but that is the strongest growth
in over a year. Remember it's only a month, so
that's a very healthy run rate. But the thing is
that's not happening in isolation. You're seeing good growth in
housing credit and what we aren't seeing they're getting good
growth in building approvals over there, you're probably also going
to see further interest rate cuts. And I read an

(08:51):
article in the AFI yesterday where you had a property expert.
They were actually invoking the potential return of FOMO to
the Aussie resident market. That fear of missing out that
tends to drive a market, and favorite sellers not buyers.
But the last six Australia now might now looking a
little stronger. And if you know this is a I
know this is a fabricated number, but if you analyze,

(09:12):
if you annualize the six month numbers, you get very
perky numbers. Capital cities seven point one percent annualized, Darwin
almost twenty percent, Brisbane ten point two per nine point six.
I might if our little wager was on Australian cities,
you'd be in the money. You'd be in the money.

Speaker 2 (09:33):
But I just said, it's not I just got the
wrong country, didn't I my fault.

Speaker 3 (09:37):
That's right.

Speaker 8 (09:37):
So you were almost there, you are.

Speaker 2 (09:39):
I was just slightly to the left. Now, what you
like the Golden Visa?

Speaker 8 (09:45):
Yeah, look, I think that makes absolute sense. It's just
such a sensible announcement in terms of complimenting the Golden
Visa offering as you've just said, as you said in
your editor you cannot expect somebody coming in taking a
residential visa, putting that amount of money and then tell
them they've got to rent it. So it's the central
sensible announcement saw percentage of actual actual housing stock. And
I think a good move, a sensible move, and i'd

(10:07):
like you though, I can't believe it took us that
long to get there.

Speaker 2 (10:09):
It's amazing, eh. I think there's there's a story to
be told from behind the scenes that may well one
day make its way to the public view. Anyway, what
are what are the numbers?

Speaker 8 (10:18):
So the US markets, it's labor day, so there's shuts.
So the closes there were exactly the same as well
on Friday, But for the record, the futures markets were
trading and small games. Looking at the futures marks and
the Dow Jones, the S and P five hundred and
the NASDAK overnight the fortsy one hundred nine one ninety
six up point one percent, the nick fel one point
twenty four percent, forty two than one hundred and eighty eight.

(10:40):
The close there. Shangho Composite was up just under half
a percent three eight seven five the close. The Aussie
has lost point five to one of a percent forty
five points eight nine to seven the close and the
insects fifty had good days up one hundred and thirty
nine points one point zero eight percent thirteen thousand and
seventy Kiwi dollop bang on point five nine. Again it's
the US point nine four against Ozzie point five four

(11:04):
to one Euro point four to three five six pounds
eighty six point eight five Japanese yen gold is surging
three thousand, four hundred and seventy seven dollars so very
high and breakthrought sixty eight dollars and fifteen.

Speaker 2 (11:16):
Cent habitgrea da mate, Andrew Kelleher jmowalth dot co dot
m z go hohold the Minimus thing in America. If
you want to look at it from a British point
of view, small parcels from China to the UK more
than doubled in value last year, and our local British
businesses are going. It's not fair, but nevertheless people love
it and can't get enough of it. They are now
worth It was one point three billion pounds back in

(11:37):
twenty three, twenty four. It is now six point eight
billion New Zealand dollars a year. That is a big business.
Six twenty one, you're a newstalksitbo.

Speaker 1 (11:51):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio Power
by the News Talks.

Speaker 2 (11:56):
It B Morning Mike. In unintended con sequence of the
five million dollars spend on houses golden visa immigrants is
that will enforce investment into Auckland and Queenstown. Should have
been a limit of say five times medium house price
in areas which may have seen golden visas go to
Kaiko funger A Timuru a year. See. I've thought about
that and I know that it was part of the

(12:17):
equation for a while. So in other words, maybe do
five million orcan Queen's toown three million elsewhere something like that.
It's a reasonable point to make, and it's certainly a
decent question to ask lux and with us directly after
seven treat us with us after seven thirty. Meantime, if
you've been following your social media, there was a video
that's gone viral globally of a bloke who snatched a

(12:39):
cap of a tennis player at the US Open from
a kid the player hands the cap to the kid.
The bloke the adult is standing next to him, snatches
at grabs it and runs. Will goes nuts. The power
of social media is out at him. He turns out
to be a Polish businessman called Peter, so he's busy
apologizing this morning because he's been sprung to unequivocally apologize

(13:01):
to the injured boy, his family, as well as all
fans and the player himself. I made a huge mistake
emotionally in the crowd cheering after the victory. I was
convinced that the player was passing me the hat in
my direction, which is complete crap. If you see the
video today, I know I did something that seemed like
consciously collecting a memento from a child. This wasn't my intention,
but it doesn't change the fact that I hurt the

(13:22):
boy and disappointed the fans. The hat was given to
the boy in apologies to the family, so I don't
know whether he gets away with that. But nevertheless, the
power of social media is an extraordinary thing. Because it
wasn't for social media, you'd never know who the prat
was and he never would have been out sex twenty six.

Speaker 3 (13:36):
Trending now with Womsquare House. You're one start for Fathers
and day Fragrances.

Speaker 2 (13:41):
Now to the women's rugby League in the UK. So
we've got York Valkyrie versus Saint Helen's. Shanade peaches the
captain of the York side. She didn't like one of
the calls that went against her team, so she let
the ref know. Ref not impressed.

Speaker 7 (14:00):
Seven has another chat with the player. That's a decision.

Speaker 12 (14:03):
I'm not having new saying twenty is shagging.

Speaker 2 (14:06):
You're here, she's gone. I'm not having you saying which
one am I shagging?

Speaker 7 (14:14):
Is that because he didn't want to tell her which
one he was shagging, or.

Speaker 2 (14:18):
Could have been more than one that would be got embarrassing,
said a bit below the belt at this time of
the morning.

Speaker 7 (14:25):
I retract.

Speaker 2 (14:26):
Yep, sorry I retract? Do I I don't know. It's
probably too late house listings, by the way, we've got
good house listening, but some good news. I think Andrew
was right. We've got some good news around housing at
the moment, and the mortgage money is starting to flow,
so obviously a lot of people refixing. We know that story.
It's been told a million times over in the last
couple of years. But new mortgage lending as and give

(14:47):
me some money, I want to go buy a house
is up twenty four percent in fact over twenty four
percent in the last year. So something is going on.
We'll talk to the good people at CENTRICX up for
the news, which is next to your news talk said be.

Speaker 1 (15:10):
Mike hos Game insightful, engaging and vital, the Mic Hosking,
Breakfast with a Vita, Retirement Communities, Life Your Way, News,
Togs Dead b cathern.

Speaker 2 (15:21):
Field shortly vander Lane's planer told you about at the
start of the show, and that comes off the back
of the EU delegation officers being attacked last week. There
is certainly no meeting between Putin and Zelensky so and
troops on the ground in terms of security guarantees. So
a lot going on in Europe. We'll head there shortly
meantime at twenty three to seven. Back here seems we've
got a lift of sorts and housing, which is good.
So spring is here for on by a band of course,

(15:42):
we're investors adjustable. Talk to Luxon about that after seven
o'clock and new stats that show mortgage inquiries are up
sixteen percent. New lending is up over twenty four percent
year on year. Monica Lacy is Centric's chief operating officer.
In his back, well this Monica, good morning to you.

Speaker 13 (15:56):
Good morning, Mike.

Speaker 2 (15:57):
Do we feel a vibe here?

Speaker 13 (16:00):
Possibly? I think a lot of the new mortgage lending
activity is definitely driven by the changing intra thrates and
people shopping around for the best deal they can get.
So whether that ends up translating and continuing to grow
was yet to be saying.

Speaker 2 (16:16):
Good piece of clarification. So what you term new mortgage
lending is not fresh money. It is just people renegotiating
what they've already got.

Speaker 13 (16:23):
It's a combination. That's actually the RBNZ definition.

Speaker 2 (16:26):
So it's both okay, twenty four percent, so a lot
of people on turnover, but the interest rates are lower,
so that presumably leads something. So we don't know whether
there's much more money out there in the market buying
more homes.

Speaker 13 (16:37):
Yet not from our data.

Speaker 2 (16:39):
And I okay, does anyone crunch the numbers on what
they're choosing at the moment? By the way, is it fixed,
is it floating? Is it how fixed? For how long?

Speaker 13 (16:46):
All that sort of stuff, I don't have that information
in front of me. I think the rbnz'd published that.
But what I do know is that there is about
thirty six percent of fixed mortgages to roll off in
the next six months. So that's quite a bit of
activity that will start to see through, and that should
also result in a bit more cash in people's pockets,
which will be good.

Speaker 2 (17:04):
If I ask you a pop question now, Monica, the
question is do you think there will be more mortgage
cuts coming before the end of the year. What's your answer?

Speaker 13 (17:13):
The indication certainly is that we'll see at least another one.
Whether there'll be two or not, I don't know, but
we'll just have to wait and say.

Speaker 2 (17:21):
The reason I ask you that question is there was
a poll out yesterday that said sixty six percent of
New Zealanders don't think there'll be any more cuts before
the end of the year. And I just find that
astounding that people are so asleep that we all know
more was coming, and that's what the Reserve Bank has said,
and that's what we need, et cetera. So I just
wonder if this sort of weird disconnect in the market
of no one knows what the hell's going on.

Speaker 13 (17:42):
Yeah, that's very well. It definitely sounds like it doesn't that. Sorry,
it's a shame actually, because what we need is people
to feel confident to help ten things around a little
bit more.

Speaker 2 (17:50):
Exactly as far as things or money is owed at
the moment, four hundred and eighty thousand people in areas,
it's up a couple of thousand. Is that material?

Speaker 13 (17:57):
It's not like it's a really small percentage of the
real population. We've got four million credit active kiwis in
the market. Of those eighty one thousand or in ninety
days plus, so that's quite a severe delinquency stage. So
I mean, that's a big number on its own, but
in the context that's actually quite small. So overall kiwis
are doing quite well at managing their financial situations.

Speaker 2 (18:20):
Good to hear in ninety days and that numbers actually
for those who are in trouble ninety days, which are
a reasonable period of time. As you point out, that
number is trending down or is it least flat year, Yeah, it.

Speaker 13 (18:30):
Is, so the late stagery is a flat in the
early stageries is trending down, So that means that should
start to flow through into the lower late Stagerias, so
you know there is a positive sign there.

Speaker 2 (18:41):
Good stuff all right, Nice to catch up as always,
Monica Lacy, who's the chief operating officer at Centrix, by
the way, just quickly on the listings yesterday more listings,
but we've never had a problem with listenings. Have been
record numbers of listenings and plenty of houses per sale.
But over the August period nine percent left to Auckland
up thirteen percent, Wellington eleven, wycout nine Buy plenty forty six.

(19:02):
Something's gone on there that'll be a new development or something.
Gisben up forty percent. So those and monthly numbers, but
six regions year on year, month on month asking price
growth and the Bay a plenty, Cori, Mental, Gisban, Manawatu,
North lond and Taranaki. So I think there is some
life there after all.

Speaker 1 (19:16):
Nineteen two The Mic Hosking Breakfast Full Show podcast on iHeartRadio,
coward By News Talks EPI.

Speaker 2 (19:25):
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(19:47):
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So street smart dot n z pask Dodgy yesterday about

(20:31):
Vegas and the tariff starting the Bank on tourism. So
official numbers out yesterday from Tourism Economics, which is an
analytics company US again they were they said US was
going to see nine percent growth and overall international visitation
this year. Good nine percent, fantastic. They updated it yesterday.
It's now going backwards eight point two percent. So it's
gone from plus nine to minus eight point two, twenty

(20:54):
five percent fall in Canadians six forty five.

Speaker 14 (20:58):
International correspondent squid ins an eye insurance, peace of mind
for New Zealand business brothers and.

Speaker 2 (21:04):
Past Captain wind You good morning, mate, So I end
a Lyon's on the plane yesterday. And this comes off
the back of that attack on the officers here. This
is getting really problematic, isn't it.

Speaker 15 (21:15):
It's getting a little bit close to the bone. You're
quite right, Mike, and there is concerned that kat as
you rightly said last week, those Russian attacks on the
Ukrainian capital Kiev, there was damage done to the EU's
delegation office there and the capitol. And then, of course,
as you say on Sunday, Erstena Vonderlin had been on

(21:37):
quite an extensive tour of frontline state. She'd been to Finland,
the Baltic States, remaining in Poland, and this was the
final leg that was to support, which was, you know,
quite a difficult airport to land it really because it's
right in central Bulgaria, quite away from the coastline there.
And suddenly the electronic navigation on that plane was jammed.

(22:03):
The entire satellite system was jammed, couldn't use any of
the electronic navigational aids and in fact had to go
back to using this ground based navigational aid which, of
course in some of our Leman's turns me maps looking
at where the hills are, checking where the runway is.
Essentially the plane had to circle for about an hour

(22:24):
above above the airport there. Unfortunately, Mike, this isn't the
first time we've had this happen. It's been quite often
occurring in the Baltic Sea around that area since twenty
twenty two. I think the biggest one we saw before
this might remember March last year, the UK Defense Secretary,

(22:45):
he was on a flight back to the UK from Poland.
Again happened, there's jamming the satellite system. It's assumed the
Russians carried out this jamming of the system as well
as last year for the UK Defense Secretary, certainly just
a concern that perhaps just you know, mister Putin should

(23:06):
step back a little, getting a bit too close to
the bone for some Europeans.

Speaker 2 (23:09):
Call me Nai, but have we given up on Putin?
Vzelenski in a meeting room.

Speaker 15 (23:15):
Were given up on that?

Speaker 6 (23:16):
Yeah, yeah, that's not going to happen.

Speaker 15 (23:18):
And I think what do we see the Russian Foreign
Minister lever Off last week he said, well, there's got
to be a lot of work to be done before
anything like this.

Speaker 5 (23:27):
I think we can read that.

Speaker 2 (23:28):
The security guarantee thing related matters if the Europeans go
in as a security guarantee, is that boots on the ground.

Speaker 15 (23:37):
Depends how you talked to a bit of a concern
about this one, Mike, because still Wonderline was making a
big thing over the weekend, particularly also in an interview
with The Financial Times, that the European Commission had put
together what she described as a pretty precise plan of engagement,
which meant boots on the ground in Ukraine once there

(24:00):
has been some sort of ceasefire, once it's been some
sort of peace plant. Well, we're a long way from that.
The German defenseman is that just in the last couple
of hours has hit the roof about this idea, said
there's fundamentally wrong to be discussing these sorts of logistics
even when there isn't the opening of peace negotiations, but

(24:22):
also pretty much saying, look, you know, the European Commission
has got no competency and there's no responsibility for this.
So already seen Europeans arguing about this. But at the
same time, Mike, you know we're looking at later this
week the collition of the Willing meeting to discuss security guarantees.
Now that's very different from boots on the ground, isn't it.

(24:44):
And of course France and the UK have been talking
about the possibility of troops on the ground, but other
countries such as Germany, Italy, they're not so keen.

Speaker 2 (24:55):
Well, just give us quickly on the reguard speech in
this business of Trump allegedly taking over the fee and
I'm sure if there's a lot to worry about, Catherine,
there is a.

Speaker 15 (25:05):
Lot to worry about. And essentially what Legand is saying
is read the signals that are coming out of the US.
This is going to affect us all. It's not just
this signal going hey, watch out, you cannot trust our
figures and when it comes to the US, you cannot
trust our markets. You cannot trust this. She is saying,
this is going to affect us all and watch out.

Speaker 2 (25:27):
Yeah, hey, just quickly this time next week the big
votes on the confidence vote, Do we have any sense
of numbers? Are they going to lose it or not?

Speaker 15 (25:33):
For the budget, well, there's no consensus whatsoever that he
will win. I mean French prime minister is he's not powerful,
he's not popular enough to carry this through. And the
thing was this big announcement he made in an interview
over the weekend. He's just said, how dre The situation
is that it's been twenty years spend span spent well not.

(25:55):
What the people are saying is yeah, but you're the
same politicians that have been spending this money. They really
do not have public confidence that these same politicians are
going to kind of come up with the answers.

Speaker 2 (26:05):
All right, listen, you're so good, Catherine. I'm going to
get you back Thursday, so all right, don't go anyway.
Nice to see Catherine Field in for Joe on Thursday.
Catherine Field out of Francis Whey. By the way, europe
are buying these American weapons announced yesterday three and a
half thousand extended range cruise missiles at GPS navigation kits.
That's off to Ukraine. Congress needs to formally approve it,
but it's eight hundred and twenty five US million. Denmark,

(26:27):
Netherlands and Norway are paying it. It's one of these
first purchases that the Europeans have agreed to since Trump
told them to start spending more on defense. So that's
a win for my guests. Nine minutes away from seven.

Speaker 1 (26:38):
The Mike Hosking Breakfast with a Vida Retirement, Communities News
togs Head.

Speaker 2 (26:43):
Been away from some very exciting day to day I
don't know if you're weare, but the nurses are on
strike again for a couple of days to day and Thursday.
No one loves industrial election more than I do, and
so it's very exciting that we're back on the packet
line with fresh science and complaining about our lot. Not
that we don't have sympathy for the nurses, of course,
because we do. But if you're one of the people
who was in a line for a bit of surgery today.

(27:03):
Thirteen thousand surgeries and appointments have been adjusted today just
the thirteen thousand, so there's not much disruption. Average salary,
by the way, for a registered nurses now over one
hundred and twenty five thousand dollars and I have more
numbers on that too. So really, should you be striking
for more money in a country that has no money
when you're already earning one hundred and twenty five thousand
dollars five away from seven for the ins and the ouse.

Speaker 1 (27:26):
It's the fizz with business tiber take your business productivity
to the next level.

Speaker 2 (27:31):
I think we've got some good news if you're in
a house building. We got the QB Cost Builders August
update stats this morning, so that looks at the cost
of thousands of material or materials over sixty thousand different
labor rates in our main centers. It's found the average
cost of constructing a one or two bedroom home between
one hundred and fifty and two hundred and fifty square meters,
which is about average about two hundred square meters on average.

(27:53):
It went up just zero zero point two percent over
the past three months, so she's flattened out nice. That
follows a zero point three percent rise for the first
half of the year, so we've only got a half
point increase for three quarters of the year. So we're
flat as a pancake. Considering between twenty and twenty four
the cost and build a home went up forty four percent.

(28:13):
We didn't like that. When it's something done about it
looks like we've done. Construction cost inflation this quarter is subdued,
that's their word, not mine. Subdued, with annual growth easing
down slightly to one point two percent, competed with one
point three last quarter. And all of those numbers are
before by the way, any of the governments announced overseas
product rules come to places, the old jib board debarkle.
Remember you can bring in a whole bunch of stuff

(28:34):
now that you never used to be able to, and
that allegedly is going to make the house building cheaper
and easier. They're not expected to affect the market for
a least six more months those new rules, So if
we're flat now, it might be entirely possible we start
going backwards in terms of cost now. The cost for
non residential builds also only went up to zero point
two percent with an annual cost increase of one percent,

(28:54):
so that's good. Problem is, of course, that it's elevated
and the cost per square meat there is still a
hell of a lot higher than it used to be,
and there is an element of resistance in the marketplace
as to whether if you're running in ten thousand dollars
a square meter building your an two hundred square meter house,
you've got two million dollars worth of house just there,
and that's before you buy the land. So it remains

(29:15):
a bit of an issue as far as new bills
are concerned. The Prime Minister, speaking of new bills, five
million dollars, thank you very much, five million dollars plus.
We moved at last on the foreign investors home buying business,
so crystal luxon in the next half hour and a
new idea to save even more money. Let's slash some
government ministries. New report on that to deal with, as.

Speaker 3 (29:34):
Will news, opinion and everything in between.

Speaker 1 (29:39):
The Mike Hosking breakfast with Rainthrover leading by example News
togsad B.

Speaker 2 (29:44):
Seven past seven. So we got there at last. The
deal has been struck for the Golden v's a hold
as they can buy or build a house to the
value of five million dollars plus. The idea that we
wanted you to invest millions in the country but you
could go and rent a AIRBMB was of course absurd.
Crystal Reluction's back with us. Good morning, Good morning, Mike.
How I am very well? So you wouldn't confirm it yesterday?
Was this very last minute? Was there angst behind the scenes.

Speaker 16 (30:07):
No, it's just that we it's been an ongoing series
of conversations about how you do it. But you just
summed it up in a nutshell, which is, if you're
going to come here and invest five to ten million
dollars of your own hard earned money, you don't want
to be renting a property. If you want to buy one,
we're going to let you do that. And Mike, it
was a fantastic day, you say, because I met this
company called Seaflux right now. They are a young guy
started the software company from New Zealand. He's basically got

(30:30):
a cloud based system where he integrates all the maintenance,
safety compliance stuff that you need for commercial marine vessels
ships out there in the ocean. Long story short, this
guy raised it with his own money. His mum and
dad put money into it, got it up and running.
Puna Kaiki Fund came in just invested three million dollars
with him. That three million dollars came from those active

(30:51):
investor visas. And now what's he going to go off
and do. He's going to go hire five new people
for new jobs in his business so he can grow
the company. Another company there cleanly. They do cleaning products
in a quite a cool way. They've actually taken they
ahead investment from the same people and they've ended up
going off and investing into opening up new selling the
product in North America and Kroger and Albertson. So this

(31:13):
is exactly what we're talking about, is not dumb speculative
property investment stuff, but actual productive investment in New Zealand
that gives capital to New Zealanders but also connections and
knowledge and know how that's helpful for them to export.
So it was really actually quite excited. I mean, as
you've been saying, you know for a long time, Look,
it's a no brainer. And I think yes, it took
some time with Winston and I you know, both getting

(31:34):
to the same place where we could say, yeah, we
want to we both want to accelerate productive investment. I
think this's just sensible stuff.

Speaker 2 (31:40):
He seemed angsty yesterday and his reaction. He's with us shortly,
but he seemed angsty yesterday. Was he drave kicking and screening?

Speaker 16 (31:47):
Not at all, honestly, not at all. He might have
just he has a peculiar way with the media, as
you well aware, so I wouldn't read too much into that. No, No, honestly,
it's been it's been very constructive, very productive conversation. He
genuinely came from a point of view if I just
don't want to see property speculation because none of that's
adding a lot of value. He's been very pro investment,

(32:08):
talking about Ireland and Singapore in the same way that
I have since. In fact, that was actually Winston and
I when we first met. I mean we spent and
didn't talk about coalition, we're agreement. We actually just talked
about Ireland and Singapore, the opportunity for New Zealand, all
of that kind of stuff, and that's how he sort
of connected. So he's been very much into pro productive investment,
as have I, and so yes, we up the threshold.

(32:30):
We got rid of the stamp duty component, which was
a complexity frankly we just didn't need but it is
to do exactly this to get capital into particularly our
small medium, startup exporting kind of companies that actually just
need that capital injection to grow. There was a guy
there yesterday I met who came in on this active
investor VISA plus program. Right. He's done four investments, He's
spent a hell of a lot more than than ten

(32:51):
million dollars investing in these companies, loves it and is
now living more of his time here in New Zealand
than he is in New York and California, where his
base is in America. So that's exactly what you want.
Because once you get here, and as you've been saying,
once you can buy a house, well actually that means
you get into the ecosystem. You sort of understand how
it all works down here. You see other investment opportunities,
and it's not just that first five to ten million

(33:13):
dollars at you're spending. It's actually what comes after all
of that. Once you're a you're wired that way as
an investor to look for more opportunities, and you understand it,
and you got a comfort level with the place, which
is good.

Speaker 2 (33:22):
Couldn't agree more, just explain to me, give us the
background inside scoop. Why then, did such a simple decision
take so long?

Speaker 16 (33:31):
Oh well, I guess we had a lot of things
to sort of work through. I mean, we first we
had to retool the Active Investor program. We've had to
do a bunch of other things around RMA reform fast tracks,
which took a lot of our energy initially as we
worked our way through all of that, it just took time,
you know, And you know, in hindsight, yep, you look
and it could have been done much quicker and much faster,
fully agree. But at the end of the day, when

(33:51):
you had quite different positions, you know, as you know,
pre election, and we just needed to get ourselves fully comfortable.
Were both of us could stand up and say we're
up for this, okay?

Speaker 2 (34:01):
Were you ever looking to split the cost in other words,
five million Auckland, Queenstown, three million, two million, four million
whatever elsewhere or not?

Speaker 17 (34:09):
Yeah?

Speaker 16 (34:09):
We were, I mean I was. I was interested in saying,
could you do five million in Auckland and Queenstown and say,
you know, three and a half everywhere else around the country.
We couldn't get agreement to do that. But at the
end of the day, I think this is fine. I mean,
if you think about it, Mike, there's probably only there's
only ten thousand houses itself a five million or more
in New Zealands, so it's about less than half a percent.

(34:31):
There's about almost eighty percent of them here in Auckland.
There's another ten percent city in Queenstown. So basically you've
got ninety percent of the houses above five million in
those two places. The people that end up buying those houses.
And I was telling saying yesterday, and you're talking to
the different meres of Queenstown over the years, the people
that are actually doing all the philanthropy and backing the
charities down there are actually these wealthy from overseas folks

(34:53):
who are doing exactly that. So yeah, so look it's
it's and you know we've had I mean the cool
thing is we've had three hundred applicants. She had three
hundred and eight. We got another seven over the weekend
applying for this Act of for vesta visas. That's almost
two billion dollars we didn't have in the economy on
April one. That's now here. It's doing the things like
I talked about with these companies ce Flux and Cleanalley

(35:14):
and others, and you know, it's pretty cool. And probably
almost half of them are coming out of the US.
Obviously a number out of China Hong Kong, but Germany's
another big place as well. So they're coming from all
over the world, which is exactly what we need.

Speaker 2 (35:28):
Yes we do. You're off to Amazon as a headline
out of that today.

Speaker 16 (35:33):
This is an incredible story, right, Amazon, one of the
biggest companies in the world, probably with over a trillion dollars,
which is you know, three and a half times size
of New Zealand. Yeah, that AAWS, which is their web services.
They do all the cloud storages, data centers and all that stuff.
They're investing seven and a half billion dollars in New Zealand.
That will have an impact on our GDP for sure.
Crewed up to about one thousand jobs and it's about

(35:55):
about an almost an eleven billion dollar boost to our GDP.
And what it is, it's just us to us to
be able to have a good, big global company like
AWS put a vote of confidence into New Zealand in
that way. That's probably the largest ever certainly publicly announced
technology investment I would have mentioned in New Zealand by
an the national tech firm.

Speaker 2 (36:14):
So have you told them we haven't got the power
to run it?

Speaker 5 (36:19):
Don't you worry?

Speaker 16 (36:20):
That's the next problem, Mike. You give me a problem
every time we meet.

Speaker 2 (36:23):
It just trying to salt the country one day.

Speaker 16 (36:25):
To help, he says, just well that's what I'm trying
to do.

Speaker 5 (36:27):
So good.

Speaker 2 (36:29):
Seven and a half billion on a thousand jobs. You
can't argue with that.

Speaker 18 (36:32):
That's great?

Speaker 2 (36:32):
Is it just a good sign though that you know?

Speaker 16 (36:34):
You know the other day I was telling you, like
this company, Halter, you one of our great tech companies
actually used as Amazon Web Services for all the clouds solutions.
You know. They raised one hundred and sixty five million dollars,
have one hundred and seven vacant jobs right there today
here in Auckland. So yeah, it's coming, rights, it's moving.
So we just got to follow it through and stick
with a clean.

Speaker 2 (36:52):
Appreciate your time as always, Christopher Lux and Prime Minister
Winston Peter's back on the Housing After seven thirty fourteen past.

Speaker 1 (37:00):
Breakfast Full Show podcast on iHeartRadio powered by News Talks
at Be.

Speaker 2 (37:05):
Come back to your feedback in a moment seventeen past
seven other crack at the size of government New Zealand
initiative calling for an overhaul of our systems. We've got
They argue one of the most complex cabinets in the
developed world, three times as many portfolios as similar countries.
We need a cabinet with about fifteen to twenty policy
areas and departments being cut from forty three to twenty.
Roger Partridge is the co author of the Reporters Back
with It's Roger Morning, Good morning, Mike. We've been here before,

(37:28):
haven't we. I mean, there's too much self interest in
New Zealand politics to whoever make this happen or us.

Speaker 12 (37:33):
I don't think it's so much. I didn't think it's
so much self interest. It's it's just a developed in
a haphazard way and it's time to step back and
have a look at it. We've got eighty one ministerial
portfolios split across twenty eight ministers and forty three government departments.
Other countries have about twenty of each, and so when

(37:55):
you look at the organizational structure of executive government, that
looks more like a maze than an org chart or
as we call it spaghetti.

Speaker 2 (38:03):
Yes, it does. Brian Roche is sort of doing some
of the working. You're hopeful in that.

Speaker 12 (38:07):
I am hopeful and it's good as we've been working
on this over the last two years. We produced a
report in twenty twenty four Cabinet Congestion the Growth of
a Ministerial Maze, and then we started consulting on this
report earlier in the year, and hand in hand with that,
Brian and Minister of Public Services Judith Collins have been
looking at how they could consolidate some of our fragmented

(38:29):
government departments. But it's more than that, it's ministerial positions.
What we've done is we've just kept slicing pieces off
portfolios and then giving them a new name. As a resultant,
important policy areas like housing split across multiple ministers. Housing

(38:50):
reports to up to twelve ministers. If you think about
the most important ones, the Minister for Housing, the Minister
for Building and Construction, the Minister for Local Government, Infrastructure, Transport, Environment,
and when you slice key portfolio areas and splinter them
across multiple ministers, you then get fragmented decision making, a

(39:12):
lack of accountability and higher costs. One of the former
prime ministers we consulted with said if a proposal needs
a sign off from six different ministers, that's six opportunities
for other ministers or their officials to kill it. And
we've got to do something about that.

Speaker 2 (39:28):
Well, let's hope we do. Roger, appreciate your work. Roger
Partridge are with the New Zealand initiative. Of course, Mike,
I've got a family member a lot of this this morning.
I've rightd yup. I've got a family member who's a nurse.
Can I ask you to check why they're striking? I
don't think it's salary related. In part it is, but
in part, as always, it's stuff. But I will come
back to that and crunch some more numbers for you.

Speaker 1 (39:45):
Seven twenty The Mike Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks EV.

Speaker 2 (39:56):
If you're a sales leader, you'll know how important it
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AI your partners in productivity Rhodo seven twenty four. We've
all seen it. I mean I've seen it a good
number of times myself personally. The cafe. We all know

(40:58):
the story of the cafe that was exemplary right. Sold,
new owner changes the menu, brings in a few kids
to serve, and wonders why six months later they're out
of business. As the HOSPO people yet again told their
tale of woe. Do not get me wrong. I mean
times have been tight, yes, and many an outlet has struggled.
We know that. But as the new numbers got rolled
out for the obligatory headline that you might have seen,

(41:20):
it's probably time, I think, to get a little bit
honest about a sector that at times is its own
worst enemy. So the numbers. In the past twelve months,
two thy five hundred and sixty four HOSPO outlets have closed.
That's an increase of nineteen percent as a stat looks miserable,
but ask yourself this, are all the cafes gone? No,

(41:40):
so as it possible, we were over cafd as part
of the problem with HOSPO the fact anyone can join.
You simply write a check, put on an apron, and
you're in the hospow game. Do you know what you're doing?
Does anyone ask these questions? Do you know what you're doing?
Are you interested in excelling or are you looking for
an easy job and an easy job for your family?
Are you providing something new or better or different? Or

(42:01):
just adding to the collection of people who peddle paninis
and bowls of cappuccino. We talk a lot about the
two step or two stage economy. Normally it's rural versus urban,
Auckland versus queenstowne. But there's another two step economy, the
people who are good and the people who aren't. Now
this doesn't just apply to HOSPO, of course, but HOSPO
is the standout example because it's one of those sectors
where one anyone can join, and two you can be

(42:23):
anything from exceptional too useless, and a lot of things
in between. See in nineteen ninety is think about this
the other day. In nineteen ninety Poul Keating, then Australian Treasurer,
famously said, this is the recession we had to have.
So Australia had not known a recession. That always been
the so called lucky country. But part of the argument
was a recession cleans out the hopeless. It tidy is
an economy up. The strong survive because they hustle, they

(42:46):
adjust the week whither and they die and out of
that renewal starts something afresh. A lot of people liquidating
only tells you a fraction of the story, and the
story is supposed to make you feel bad. Of course
it shouldn't, because it's life. If you are good and
determined and work hard in hospo or anywhere else, you'll
be fine. If you're really determined, you'll be more than fine.

Speaker 3 (43:08):
Pasking, Mike.

Speaker 2 (43:09):
Word on the ground as the building data centers near
the power stations. Power stations will get an upgrade as well, well,
they'll need to. I mean, that's an announcement. If you
ever missed that, seven and a half billion dollars to
day coming from Amazon, one thousand jobs. That's a good
news day all around. Why don't we hear good news
investment stories like that in our mainstream media. Well, I'll
get around to it. That was a bit of an
exclusive as far as I can work out, Mike, it
didn't happen overnight, but it did happen. Feeling very good

(43:30):
about what's happening in New Zealand, so you should be
about time this visa investment might look at Rick Cane
north of Auckland invested over one hundred million employees, over
three hundred people, plus another five hundred indirectly due to
the development. It's amazing. Then we come back to the nurses. Mike,
please get your fact straight when talking about nurses. Nurses
do not earn one hundred and twenty five thousand dollars.
I didn't say they did. I said some do, Mike.

(43:51):
The nurses wages you quoted not correct for the average
nurse on the floor. A nurse doing all the horrible chefts,
light nights and weekends and afternoons. Well horrible are they?
I don't know. The last you look to health, it's
a twenty four to seven game, the same way that
getting up at two thirty in the morning in radios
a twenty four to seven game. Some of us do
old hours, some of us don't. If you don't want
to do the odd hours, you don't get the money. Mike,
who's supplying the figures for the nurse's income? Is that

(44:13):
a sixty hour week? No, it isn't. But I will
run you through the numbers I have after seven thirty.
But we do need to deal with Winston Peters. I
thought that was interesting from Luxon that they wanted to
split the numbers nationally around the country. Peters wasn't having it.
So what was his problem with that and how did
he get there? In the end, we'll talk with him,
and then Ben Bailey Food Hero back with us after

(44:34):
eight in the studio.

Speaker 1 (44:35):
Zarnie's in New Zealand's home for trusted news and views.

Speaker 3 (44:40):
The mic asking.

Speaker 1 (44:41):
Breakfast with Bailey's Real Estate covering all your real estate
needs news togs had been.

Speaker 2 (44:46):
Ben Bailey back with us after ah beens to half
a dozen restaurants these days, the new zum And food story.
If you've watched that on television anyway, He's got news
for us this morning. So been Baby back with us
after right back can Now it's twenty three to eight.
The business of Foreign buyers. Government finally got across the
line on the deal. Of course you Golden Visa brigade
get to buy or build something worth more than five
million dollars. Winston Peter's New Zealand first lead that is

(45:07):
with us, good morning, good morning. Does it feel good
now you've done it?

Speaker 19 (45:13):
Well? Look you recall twenty eighteen, we were reacting to
a total shambles in the Zeeland housing market. Also learning
from the Canadian experience where on the West Coast and
Vancouver in particular, there was a massive escalation and prices
because of allowing foreign buying and absentee buying at that
absenty ownership at that and we decided to put a

(45:35):
bracket ban on things. But the reality is they were
investors who were saying, look, we've put money in the
country as we could also come and live here when
we feel like it down again. And so we had
a good hard look and said, well, it was going
to be not national parties two million, because that'll been
interfering with the market where qwis are seriously involved. But

(45:56):
it was the very top end of the market, and
you've got five million invested. Then if you were buying
a new house or an existing house, then we'd made
that an exception. So ninety nine percent of the market
would be denied to them. They'll be accessing less than
one percent of.

Speaker 2 (46:10):
It, exactly. It seemed to me observation, Correct me if
I'm wrong that yesterday you were a bit angsty about it,
angry about it, upset about it, whatever the case may be.
Did you have to get dragged kicking and screaming to
this particular conclusion.

Speaker 19 (46:24):
Now, what my answer was about those who so sat
in the mainstream media they can't get their head around
it that this is not a change to the foreign
buyers man, It's a change through the investment rules to
attract people to come to this country for money that
we desperately need. And it's the different emphasis if you

(46:45):
had listened to seven point thirty who want to report.
The first thing they set out in my interview was
that it was about living the foreign buyers ban. Now
this is the breathtaking stuff. I just finished the interview,
pointed out that they were accessing lesson one percent of
the market and nine percent of the market was available
to his illness, and they still said that, So Hi
anxiety was around misrepresentation.

Speaker 2 (47:06):
Well that's what you get for dealing with lowreentis Winston.
I mean, what can I say?

Speaker 19 (47:13):
Oh, well, that's the thing. I was in part of
the mainstream media, and you were.

Speaker 2 (47:17):
Well, as far as the split, we had luxon on
before he was keen to split. So in other words,
five million four Queenstown and Auckland, something else around the
rest of the country. You didn't seem to like that.
What was your issue with that?

Speaker 19 (47:30):
Because when you did the calculations, it was so marginal.
We did those calculations around the rest of the country,
say adjusted pro rata on values across the rest of
the country, there wasn't a great deal of difference. There
are a lot of places up north of are worth
more than five million. There are a lot of places
even in a town, are worth more than five million.

(47:51):
And so it didn't work, and we said, no, stick
to the blanket five million. If they're investing and they
want to buy a five million dollar house, this will
not be a serious winners charge against them.

Speaker 2 (48:03):
No, exactly. Obviously this you must have. You mean, no
one's traveled around the world more than you have in
the last couple of years, and your role as Foreign minister,
it must have struck you as the obvious thing to
do that you can't be in the world saying come
to New Zealand, look at New Zealand. We're open in
New Zealand, help us out and at the same time
make them rent. I mean that must have struck you

(48:24):
as being absurd.

Speaker 19 (48:26):
Well, what concerned me was that we were having an
investment in New Zealand thrust without answering the question why
New Zealand, and this was one of the answers to
why New Zealand for wealthy foreign investors. Yes, this struck
me as unusual. But also I was in Canada not
so many years ago when I learned about firsthand the

(48:48):
appalling offshore bidding that was going on driving the west
coast of Vancouver market mad at the very expensive costs
to their local people, and we decided we needed to
avoid that.

Speaker 2 (49:01):
What do you make of Hipkin's reaction yesterday? He would
still ban everybody? I mean, does that must worry you
as a as a country that's looking to get people
here to grow stuff. Then suddenly we're going to go
back to nineteen eighty three if he gets back into power.

Speaker 19 (49:17):
Oh the thing is about mister Hopkins, with the greatest respect,
what does he know about anything to do with business.
He's never been out of a university labor party hierarchy background,
has never had a real job. Wouldn't I how to
run the school tuch shop? So I'm not surprised at
this sort of massive reaction from him when all we're

(49:38):
doing is saying for serious foreign investors who could bring
better into this country, then there is one benefit that
we need to add to our incentivized to invest in
New Zealand plan.

Speaker 2 (49:50):
Yeah, can't argue with him, all right, Appreciate it very much.
Winston Peter's New Zealand first leader got there at last
eighteen minutes away from eight tasking democracies alive. And while
in tel I m kechem maccaro, I can tell you
with the by election, forty four thousand people enrolled in
what really is a really interesting race. I mean, normally
by elections are a bit ho hum, but this is
interesting given the background. Henery got robbed. I mean, I

(50:12):
don't literally mean robbed. A serious broad office will work
that out in the full course of time. But it
was what forty two votes. It was a tight race
and there's a lot of question marks around it, and
so we're back into it. So forty four thousand people
enrolled as of the weekend. How many people do you
reckon voted have voted? Of your forty four thousand, two,
seven hundred and eighty nine so next to no one's interested.

(50:34):
Biggest day Saturday. Of course, everyone's available to vote on Saturday,
so a full seven hundred and fifty one people turned up.
If you want to compare it to the last by
election that was Port Wykatto a couple of years ago,
fifty two thousand were enrolled and in the seven days
of voting that that had instead of the twenty seven
hundred and eighty nine that they've got in Toamackie mccaro.
They had eighty one hundred and sixty five. So even

(50:56):
at the best of times, is not that much interest.
But in this particular race, it's embarrassing.

Speaker 7 (51:01):
Maybe it was affected by the wind.

Speaker 2 (51:02):
Oh I forgotten, No, I'll hold on. What was wendy day? Sunday,
wasn't it?

Speaker 1 (51:07):
No?

Speaker 2 (51:07):
Yeah, So Saturday seven p. Fifty one they got in
because they knew the wind was coming. Because everybody knows
you can't vote when it's windy day.

Speaker 7 (51:16):
You don't want your votes blowing away, that's for sure.

Speaker 2 (51:19):
Red Warning seventeen to two.

Speaker 1 (51:22):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks.

Speaker 2 (51:27):
It'd be funny thing about Winston a moment ago and
you know, doing deals with the coalition. The twenty twenty
three edition of a long running New Zealand election study
had some numbers crunched, and they've run at every election
since nineteen ninety. A majority of national voters wanted the
Act Party in coalition, not New Zealand First. Act Party
voters weren't particularly ent thirst about New Zealand First. Just

(51:48):
seventeen percent wanted New Zealand First in the coalition. New
Zealand first voters thirty six percent were happy with National,
twenty eight percent with ACT. They could have gone with
labor either way, three percent we're happy with labor. Overall,
the majority of US fifty one percent, so barely a
majority preferred a coalition under MMP A third thirty three

(52:09):
percent one of majority government, which is interesting given what
we've just gone through. Twenty through twenty three. National parties
support US fifty six percent like a single party government,
thirty six percent in favor of multiple parties, So we're
still sort of seemingly coming to grips with the MMP.
Mike tell me you're going to play the audio of
her interview Q and A. No, I'm not. But if

(52:29):
you saw this is a Reny, the one of the
candidates or the candidate for the New Zealand Maori Party
or the Maory Party or Tabati Mahriy or whatever the
hell they call themselves. Anyway, if you saw her interview
with Jack on Q and A probably probably tells you
why I know and votes so far.

Speaker 7 (52:46):
We had the information on your phone.

Speaker 2 (52:48):
She just did never phone and never phone. I don't
think she had the information on the phone. I don't think.

Speaker 7 (52:53):
She she was hoping she could look it up quickly.

Speaker 2 (52:55):
All the information I think what she was looking for
was Google. By the way, if you haven't seen it,
don't bother. Honestly, it's so depressing. Kiora News team.

Speaker 7 (53:09):
This is.

Speaker 2 (53:12):
This is from the Cornwall Park communications team. Now first
Cornwall Parks in Auckland. If you're listening around the rest
of the country, you want to laugh at Auckland for
a moment. This to do with the wind on Sunday.
The most obviously concerning part about this is a park
has a communications team, so and you wonder whether there
are too many bureaucrats.

Speaker 7 (53:31):
How do you normally communicate with a park beings closes.

Speaker 2 (53:34):
I'm saying you just talked to the park and the
park talks back to you. Could you please correct host
Mike Hoskins commentary regarding the closure of Cornwall Park. It
was not closed on Saturday. Now the important point about that,
not only does a park have a communications team, I
never said it was closed on Saturday. So first fact
completely wrong. We issued the media advisory on Saturday, which

(53:56):
is exactly what I said. I said, you said you
were going to close the Park day before the wind
actually came. That's what I said on the program yesterday.
Cornwall Park was closed from one pm Sunday afternoon. Reopened
this morning at the usual time. As noted, the health
and safety of the public and our staff is our priority. Clearly,
it was concerning to hear your host being cavalier about
health and safety. Sorry, license license Cerria.

Speaker 7 (54:20):
That's what they say, they say, Hosking. He might be haggard,
but at least he's cavalier.

Speaker 2 (54:25):
So cavalier thirteen thousand surgeries strike day for the nurses
today and Thursday. Average salary for a registered nurses now
over one hundred and twenty five thousand dollars, including overtime
and allowances. Since twenty eleven, Union nurses have seen their
pay rise nearly seventy four percent, which is more than
double the wage growth of the thirty five percent across

(54:45):
the wider economy. Nurses also receive extra pay for nights, weekends,
on call work, additional lea for long shifts, long service sickness,
professional development payments about to six thousand dollars a year
and five weeks annually after five years. Current offer would
see a new graduate nurse on seventy five thousand, seven
hundred and seventy three dollars receive a total pay increase

(55:07):
of eight thousand, three hundred and thirty seven by the
end of June of twenty twenty six. Those are the facts,
Those are the stats. Get angry at me and text
me now ten to eight.

Speaker 1 (55:16):
The mic hosting breakfast with rainthrow Ber News togs Head been.

Speaker 2 (55:20):
But no I promoke. The rebuild of our tourism sector continues,
with the latest initiative being the North Island's biggest tourism operators.
They're working across the ditch this morning as we speak.
The Keiwi North Partnership. It's launched earlier this year. We
told you about it at the time. It's running a
week long road show Sydney and Melbourne. Any dundas is
with Auckland unlimited and as with us any morning, Good morning, Mike.
Are you up early in Sydney or Melbourne?

Speaker 18 (55:41):
I'm deafly in Auckland, but Wisher was there?

Speaker 2 (55:44):
I bet you do. The delineation between the North and
the South as opposed to North being just one part
of the country. Can they get their head around that?

Speaker 18 (55:53):
Well, this is all part of the exercise, right, this
is educating Australians that the North Island has absolutely so
much to offer as to the South.

Speaker 2 (56:01):
So it'd be sort of like Australia selling your Queensland.

Speaker 17 (56:04):
It would exactly, Mike, Okay.

Speaker 2 (56:06):
So the front of mind aspect, how does it actually work?
How do you end up there? You tell who what
and they tell your average Australian how do what go
to Rhoda Rua.

Speaker 18 (56:17):
Well, the average Australian holiday is either four to seven
days or eight to fourteen days, so that's like a
perfect time to come and explore the North Island. So
Aukland's the main gateway. What we're encouraging is that people arrive,
they're obviously heading up north, they're heading further south, whether
it's around Rua, down to the Waikato, out to New Plymouth,
Hawks Bay, wherever it may be. So we've got fifteen

(56:37):
regions up in Sydney and Melbourne talking about the reasons
to come to those destinations as part of a North.

Speaker 2 (56:43):
Island So they're more regions than companies. Right, So Auckland
Unlimited Destination, how Recki, Hawks Bay Etctera.

Speaker 18 (56:51):
We've got fifteen regions and total seventy operators. So from Auckland,
we've got follows, We've got the big foody, We've got
a Nando Tillers from Wahiki. So we've got a broad
range of operators from Auckland and every region some along
as well.

Speaker 2 (57:04):
And when you do this sort of thing, do you
get good buy and from the industry of people can
to fire this thing up?

Speaker 18 (57:10):
Oh, we have a weight list. It's extraordinary and I
mean we charge people to come. It's you know, all
costs off set and a long weightless and this is
the first event, so we're really hoping that this is
kind of the first of many.

Speaker 2 (57:22):
Do you have KPIs I mean by you spend this,
you do that you would expect what an increase of
one per ten thousand people? What are you looking for?

Speaker 18 (57:30):
We're looking for a shift in market share. So the
South Island's obviously jot a great lift out of Australia.
We want to see a lift out, you know, one
to two percent out of the North Island out of
this work. So they'll be those operators will be charging.
I think we've talked about three hundred travel sellers as
well as journalists, so it's trying to get in the
minds of media that the North Island is a great

(57:50):
proposition for you know, a New Zealand holiday.

Speaker 2 (57:53):
I hope it works. A treat for you. Any any
dundas of Auckland unlimited with us this morning four minutes
away from mate past like when it is quite funny.
You're lucky to have them as a single My sister
would love him. Send us a photo of your sister.
I'm kidding.

Speaker 7 (58:08):
Yeah, I need a full personality profile, not just a photo.

Speaker 2 (58:11):
But Cavalier, wasn't it morning, Mike. What are your thoughts
on Regional airlines getting a thirty million dollar boost? Previously
said it wouldn't happen. Well it hasn't. It's important we
get the facts right here. They haven't got a boost,
They've got a loan facility. So the James Meaga was
on the program yesterday and it's just I'm not convinced

(58:31):
it's going to work. I hope it does, obviously, But
a loan is not a grant, is not a gift,
is not a boost. It's the It just gets your liquid.
If you can see some light at the end of
the tunnel. But from all I'm seeing from regional airlines.
They got numbers problems, they got demand problems, they got
cost problems. I got all sorts of things that are
coming at them that aren't suddenly going to go away. Therefore,
unless you can service the loan, I'm not sure what

(58:53):
the point is, but hopefully I'm going to be proven
to be wrong. Food here I Ben Bailey back in
the studio after eight after the News, which is next
here at news Talk said.

Speaker 1 (59:01):
Be setting the agenda and talking the big issues, the
Mike Hosking Breakfast with Veda, Retirement, Communities, Life Your Way,
News Talks, Dead be.

Speaker 2 (59:14):
If a seven past day. Time for a catch up
with one of the country's best hospital operators and all
around food hero. Ben Bailey owned six restaurants these days.
A seventh is a great story and we'll come to that.
Also as television show, if you've been watching it in
New Zealand, Food Stories just wrapped its fourth season. So
but to cover and Ben bodies back.

Speaker 6 (59:30):
That's good to see you, same here, Thank you.

Speaker 2 (59:32):
The food story was the Stone Fruit and Central Otago.
We like that, isn't it amazing?

Speaker 5 (59:38):
It's just it's well class, you know, did you see
the Forest Lodge orchard. The legendary is a very first
electric farm in New Zealand.

Speaker 2 (59:46):
That's Mike.

Speaker 6 (59:46):
Yeah, Mike's He's amazing, Mike.

Speaker 2 (59:48):
Mike hates me. Mike, Mike loves me and he hates
me well, because we've got this electricity.

Speaker 3 (59:54):
Thing going on.

Speaker 2 (59:54):
I'm a sort of a I'm not as enamored with
EVS as he is, and he wants to turn the
whole world electric and so he writes to me on
a regular basis. But when it comes to cherries, nobody
does it better than he does.

Speaker 6 (01:00:07):
That's right.

Speaker 5 (01:00:07):
And you know the cool thing about this is that
I've never seen a cherry tree and that actually give
birth cherries. It was my first time plucking a cherry
off the tree and that sounds weird because New Zealand
grows the best cherries in the world. And when you
see the cherries you can purchase from Forest Lodge Orchard
or electric cherries. They want a big balanced farm environment
awards as well. They won every Bloody award. You actually

(01:00:29):
get export cherries in your home, so if you buy
cherries from a supermarket, they're the tiny, little kind of
B grade ones. And so ordering from him, that was
really my first experience as a New Zealander in New
Zealand eating an export cherry and now this big or
you can't really see, but they're like thirty two to
thirty six centimeters millimeters.

Speaker 2 (01:00:48):
The interesting thing about you so high peak station was
one of my favorites as well, because I can't work
out whether it's just the highest station where I'm from,
candorbur anyway, I find looking at those sort of places
actually quite emotional. Well yes, and do you absolutely, because
there's something it's so big what they do at a

(01:01:08):
place like that is it's a significant business, isn't It's
not just some sheep running away, you know, hundreds of
hectares away.

Speaker 6 (01:01:16):
It's a story about farmers diversifying.

Speaker 5 (01:01:19):
And if you look at that family, who are just
wonderful human beings, to be honest, how do you Especially
when farms pass on through the generations, they often get
divided up or sold, and so the father who sadly
passed away one of the whole family to live there
together and to work it out. So you've got one
person running the farming element. Then you've got the tourism element,

(01:01:41):
and then you've got the honey element. So so much
land ten thousand acres, you know, and right at the
foothills of Mount Hart and so I mean you're just
as a New Zelander getting access to that high country
is phenomenal and in fact, it's sort of like if
I wasn't a chef, that's what I'd like to do.

Speaker 6 (01:01:59):
So for me, that's emotional.

Speaker 2 (01:02:00):
Do you has this worked for you? What was your
purpose of because I think I'm correct in saying tell
me if I'm telling tales here, But this was self funded,
wasn't it. This was sort of a gift from you
to the country.

Speaker 5 (01:02:13):
To Yeah, we're fully self funded and we do have
sponsors like Balanced Farm Environment Awards. Without those guys, we
wouldn't be able to make the show, so we don't
get any money from New Zealand on air or anything
like that. For me, it's a couple of things like
as a chef, it's my responsibility to get out there
and make sure I know what the farmers having for breakfast,
let alone how they've grown the animals. And you've got

(01:02:34):
to find out like what's good out there this You know,
you go to the supermarket and you you kind of
don't know the story of food and when you go
on the farm where you go out on a boat
and you hear the stories and you hear how hard
it is, you have a new respect. That is the
beginning of the creative process for coming up with a dish.

(01:02:55):
Like there's just this natural process that goes on in
my brain, Like you know, I want to create a
from these ingredients and I want to buy direct from
these people.

Speaker 6 (01:03:03):
So there's that process.

Speaker 5 (01:03:04):
And then there's a whole New Zealand ink story where
if we tell our food story better, we can sell
our products for more, especially when.

Speaker 6 (01:03:13):
It comes to export.

Speaker 5 (01:03:15):
So I think we're hiding the story too much in
New Zealand and we want to uncover and see the
soldier of the earth.

Speaker 6 (01:03:21):
Kiwis who are doing just.

Speaker 2 (01:03:22):
Doing phenomenal autastic stories?

Speaker 15 (01:03:24):
Do you?

Speaker 2 (01:03:24):
Are you running yourself too thin at the moment? Six restaurants?
And when I happened to be an Ah couple of
months ago, you were there and you look like you
were doing something. That's like you weren't wandering around aimlessly.
So how do you how do you do that? Plus
your television plus the seventh restaurant?

Speaker 5 (01:03:41):
It's like for me, I feel like I've just started
out in my career and I just feel like I'm
a commie chef just started out from culinary school or so.
I have the sense of enthusiasm that that I that
I can't can't extinguish. I get a lot of I
get a lot of pride and value out of seeing

(01:04:02):
other people sort of rise up, employees or staff members
rise up through the ranks. And I'm constantly replacing myself
and giving a pathway to those staff members to be
able to level up. I mean, I'm just a stepping
stone for everyone that works out these restaurants. So my
job is to make sure that they're going.

Speaker 2 (01:04:19):
To do so quick health check on the hospital industry,
which has so many headlines if you want to in
this current environment in New Zealanding, can you do well
if you want to?

Speaker 6 (01:04:30):
Absolutely?

Speaker 5 (01:04:31):
I mean you've got to love what you do, right,
And I don't have a job by Hospitality is a
lifestyle business. I work on the weekends. I answer emails
and take calls. Someone will text me, I'll make a
booking and I love that stuff. You know, it's really
it's a noble thing to serve someone. Someone walks in
the restaurant, you look at them and you go, I
wonder what you need. And there's nothing better than putting

(01:04:53):
a smile on someone's face, you know, when people leave,
like say, Ahi, we will do one hundred covers a night.
I get one hundred. Thank you, Like what other job
do you walk out at the end of the day
and every single customer said, Wow, that was amazing.

Speaker 6 (01:05:06):
Thank you so much.

Speaker 2 (01:05:06):
That's so true and it's really cool.

Speaker 6 (01:05:08):
Industry A it's hard.

Speaker 5 (01:05:09):
Yeah, sure, every job's hard, but that for me is
it really fills my carp And so you talk about
big spread and people go, oh, you can't be every
at once.

Speaker 6 (01:05:19):
Well, I don't need to be real ever at once.
I want to do it like this.

Speaker 5 (01:05:24):
I mean, I could stay at one restaurant and just
cook every day, but I love the sense of adventure
and that's there's nothing better than cruising around and pretend
you're working.

Speaker 2 (01:05:35):
And that's the truth. I've made a living out of it.
More in a Moment, Ben Bailey will talk about the
seventh Restaurant In a Moment thirteen past.

Speaker 1 (01:05:41):
Eight, The Mic Asking Breakfast Full Show podcast on iHeartRadio
powered by News TALKSIP.

Speaker 2 (01:05:49):
News Talks seventeen past eight have Ben Bailey's with us
Food Hero among other things. Is there another series in
the New Zealand story do we know?

Speaker 5 (01:05:56):
Yeah, we started already there you go. Yes, so we're
going to go. We're doing a pop up up in China.
So I sort of want to see in Shanghai for
the CIOE, the big International Import Expo in Shanghai November,
and you know, it's just sort of seeing where our
food goes past New Zealand. I find that fascinating as well,
and seeing who's exporting, what they're doing, how the story
has been told to the world. So that's going to

(01:06:18):
be fun. We're doing a week in Shanghai at w
Hotel fourth to the eighth of November. So that's pretty cool,
brilliant stuff. Right.

Speaker 2 (01:06:25):
The seventh restaurant is at the What I would know
is the Rotunda. Yes in Wellington, Yes, Oriental Parade, Yes,
prime real estate, waterfront on the waterfront. Yeah, it's called
the Pavilion. It has been empty for twelve years. That's
a disgrace in itself, isn't it?

Speaker 6 (01:06:45):
One hundred percent?

Speaker 2 (01:06:45):
Yeah, and so how's this come together?

Speaker 6 (01:06:48):
Well, I mean.

Speaker 5 (01:06:49):
Twelve years empty of waterfront building like that, it's kind
of a symbol of Wellington. I mean, I love Wellington
for a start. I've always loved going down there, had
family down there, and so when the opportunity came up,
I just flew down and checked out the building and
just fell in love with it and met the developer,
David Loveveradge from Watson Group, and then rod Der's one
of the investors who as zero as in zero yes.

(01:07:10):
So these guys are essentially doing a service to the community.
They're spending the money, their own money, to fix this building,
to get it ready to have a venue in it,
which in itself is millions of dollars.

Speaker 2 (01:07:21):
So right, so that's what it needed. Because my understanding
is that you guys aren't the first to have a
look at it or a crack at it. But the
problem was the dosh.

Speaker 6 (01:07:29):
Yeah exactly.

Speaker 5 (01:07:29):
I mean, one thing's for sure and the next sort
of well, you know there's going to be more earthquakes
in New Zealand, right and Wellington's due, so that's a
big thing. Getting at earthquake strengthens a big Okay.

Speaker 2 (01:07:38):
So they've got the money, you've got the expertise. How
did you get roped into it? They just said do
you want to.

Speaker 5 (01:07:43):
Yeah, I guess once a week someone calls me up
and asks me to buy their restaurant and they think
it's a brilliant idea. And so that's what happened in
this in this case. But I went down there and
fell in love with the building and then got along
really great with David and the team down there, and.

Speaker 6 (01:07:59):
So that was sort of the process.

Speaker 5 (01:08:01):
And you've got to be super careful getting into business
with people, and you know, sometimes you just click and
you've got to go with your gut, and all these
things sort of sort of played out over the last
sort of since the beginning of the year.

Speaker 2 (01:08:13):
And then that I without getting too political, did you
deal with the council And how was it?

Speaker 5 (01:08:18):
Poor David had two Yes, but they've been good and
they just don't have the money to fix that. So
it's got to come, you know, from fro.

Speaker 2 (01:08:25):
So there's a mix of business and philanthropy in that sense.

Speaker 5 (01:08:27):
So my view is one hundred percent that's the case.
I don't think it's a good business decision to fix
this building. I mean, they're doing it for the community.

Speaker 2 (01:08:38):
I believe, So you're in that when does all this
happen by the way.

Speaker 5 (01:08:41):
I reckon it will open sort of. We're hoping for
October next year, okay, yeah, and I'm excited. You know,
we've got Garage Project involved and they're part of the
sort of cultural fabric of Wellington. So it's been amazing
working with that team. They have one of the most
amazing beverage companies in New Zealand seeing the alchemy. They
make a hundred new beers a year, so it's really cool.
So there's some really good sentergies there between food and.

Speaker 2 (01:09:03):
In some trouble the other day, I see I've not
tasted as zero alcohol beer that I can. I just
don't like it though. There's something about it's just have
you got one? Have you tasted one? Is it out there?

Speaker 12 (01:09:13):
Yeah?

Speaker 6 (01:09:13):
Not zero zero tiny percent? So their Garage Project.

Speaker 2 (01:09:18):
Five or six percent something like that, just a little yeah, yeah, I.

Speaker 5 (01:09:22):
Think it's point five tiny is really good from Garage
Project beer beer from.

Speaker 2 (01:09:27):
SMaL So you you argue they're good beers and you can.

Speaker 5 (01:09:30):
Yeah, I mean they're drinkable, you go, I mean, I
mean those beers are good. Yeah, I mean you you
drink them, and and I think when you drink zero
beers or lower it very very low alcohol beers and
you're at a party or whatever, there's some sort of
sort of placebo effect where it's happy and you kind
of I don't know.

Speaker 2 (01:09:47):
What I like about you is that, because we talk
about the economy a lot in this program and it
affects everybody, is that you don't seem affected by the
economy and you.

Speaker 18 (01:09:58):
Just do what you do.

Speaker 9 (01:10:00):
Yeah.

Speaker 5 (01:10:00):
Well, I'm kind of nonchalant about it because you can't
change it, and we are. Restaurants are a great barometer
of the economy. Just CHRISTI who spin right, So with
some of the I don't know, maybe people don't buy
a new car, they don't go out for dinner. So
you know, second quarter of this year we saw a
huge drop because the economy was going backwards and tourism dropped.

(01:10:22):
So when those two things combine, then it really can
affect restaurants. We had an amazing Christmas, a really good
first quarter.

Speaker 2 (01:10:32):
But yeah, that really Are you seeing some life now
in Q three as they say in.

Speaker 5 (01:10:35):
Q three, Yes, I mean it's really dramatically picked up.
There's been some great activations in Auckland with Auckland Restaurant
Months and things like that.

Speaker 6 (01:10:42):
And corporates are sort of spending a bit little bit
more money.

Speaker 2 (01:10:45):
What about your entire empire around the country you were
a half dozen Well, yeah, you know Queenstown, You're in Queenstow.
You can't go wrong in queenstonne can you.

Speaker 6 (01:10:53):
Well you can. There's a saying you can sell shit
sandwiches in QUEENSTOWND and make money. So apparently yeah I had,
but I din'd live by that just so you know.

Speaker 5 (01:11:03):
But yeah, I mean, I think when you know, you've
got summer and winter season and then you've got two
shoulder seasons. Some years so shoulder seasons are really small
and some years they're really long. Like last one, for example,
we didn't have many Australians come over for ski and
then this year a lot of Australians.

Speaker 6 (01:11:20):
So you know, it's swings, It.

Speaker 2 (01:11:22):
Swings around about. Always good to see you, mate, Go
well with thank you. We'll talk close to the time
of the Wellington operation. Thanks by Ben Bailey eight twenty two.

Speaker 3 (01:11:30):
The My Hosking Breakfast with Bailey's Real Estate news talks.

Speaker 2 (01:11:34):
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Asking Mike, I wasn't going to listen to this interview.
I thought it wasn't something I'd be interested in, But
I didn't. I was wrong. It's always interesting to listen
to someone who's enthusiastic and passionate about what they do
because it's inspiring goodness sake show starts at six, finishes

(01:12:39):
at nine. No one leaves. It's as simple as that.
By the way, I've got a fabulous winner. I was
going to do it now. This for the Chemists Warehouse
Father's Day. By the way, if you haven't entered news Talk,
Zibi dot co dot mst forward slash win and you
can win a thousand dollars cash and you'll get a
two hundred dollars about you for fragrance of your choice
from the real House of Fragrances this Father's Day with
Chemist Warehouse. Of course, I cannot do the letter justice.

(01:13:02):
I thought yesterday's letter was fantastic. There were tears yesterday.
I was told this. The two people involved were happy
to be in the same room together when I was
doing the business, and there were tears. And today's letter
may even be better, or it may not. I personally
think it is. Anyway, Well, we'll give away. We'll tell

(01:13:22):
you who it is after the break But in the
meantime enter at news Talk, saidb dot co dot m
z Ford slash when so the winner in rod Little
after the news, which is.

Speaker 3 (01:13:32):
Next the breakfast show Kiwi's trust to stay in the know.

Speaker 1 (01:13:37):
The Mike Hosking breakfast with range Rover, leading by example,
News Talks dead b twenty three to nine when one
thousand dollars for Father's Day thanks to Chemist Warehouse, the
real house of Fragrancess and News Talks said be.

Speaker 2 (01:13:50):
Yeah, so I hope you entered during the news. News
Talks at me doc dot inzed Ford slash when another
winner tomorrow, another winter Thursday, another winner Friday. My dad,
Mike murried Us, is a lead, not the history book variety,
but because of the way he helped shape my life.
Like teaching me how to tie things onto the car roof.
Most dads would use proper straps. Mine he tied it

(01:14:12):
down with so many knots that looked like Spider Man
had a break down. We had to cut the rope
to get it off, but the lesson stuck. Sometimes it's
better to overdo it than have the whole load fall
off halfway home. Or teaching me to mow the lawn.
Overseeing the operation, arms crossed like a military sergeant pointing
out every uneven line. At the time, I thought he
was being picking. Now I just hear that voice in

(01:14:34):
my head. If you're going to do it, do it.
Properly annoying then, but useful now. That's why he's my hero.
No big speeches or fancy advice, just lots of small, messy,
funny moments that shaped me. So that's son him off.
We love that. So your dad, Sonem gets one thousand
dollars and a voucher from chemist ware House to House

(01:14:55):
of Fragrances for a fragrance of his choice. We will
do to the nice leader. But does that better than yesterday's?
Didn't carry the same emotion as yesterday, but I think
there was a much stronger life lesson there.

Speaker 7 (01:15:08):
I don't think that we're really supposed to be playing
them off against each other, saying that somebody's dead or
father figure is better than somebody else's.

Speaker 2 (01:15:18):
I'm into competition when I just like it.

Speaker 7 (01:15:20):
I mean, I'm assuming you're just talking about the quality
of the letter, not the quality of the dead or
father figure.

Speaker 2 (01:15:24):
I'm going to announce I'm going to take from my
own pocket on Friday an amount of money, and I'm
going to announce the bestweaker.

Speaker 7 (01:15:31):
I say, so, really it becomes a competition for letter
writing skills exactly.

Speaker 2 (01:15:35):
I'm going I'm going to rank them five four three
two one. So someone's going to be a wonder and
someone isn't. Twenty one minutes.

Speaker 14 (01:15:41):
Away International correspondence with ends and eye insurance, peace of
mind for New Zealand.

Speaker 2 (01:15:47):
Business are the UK ride Morning to you mate, good morning,
you make three pads? Rainer? Is she I'm endlessly fascinated
by her endless property empire and the trouble she seems
to be in. Is this really across the landscape in Britain?
The people genuinely upset by thiss?

Speaker 17 (01:16:04):
It is a bit, It is a bit. She's had
Sekelear Starmer's support today she was very grateful for but
it is yet again a case of you know, do
as we say, not as we as we do. She
didn't pay it, now transpires, but she didn't pay the
proper stamp duty on this flat. She bought it Brighton,

(01:16:27):
which forty thousand quid. You know, she called it her
own home and her main home. And that leaves her constituents,
for example, in near Manchester, thinking well, hang on, isn't
she meant to be the empty for up here rather
than three hundred miles away down south? And so it rankles,

(01:16:50):
it rankles with her constituents it rankles with the augury
voters who said, you know, she's doing a taxpayer out
of forty grand and that's not very good.

Speaker 2 (01:17:00):
Behavior given all the starmerhairs. And I'll come to his
reorganization and of his office in just a mind, given
all the problems at Starma Haas, how does he defend this?
I mean he needs us like a hole in the head,
doesn't he.

Speaker 17 (01:17:11):
She's just said, I think she's doing an absolutely marmous job.
And everything she's done us within the law and everything,
which is what he said every time he's coming to
We ran into trouble with donations with Waki Dali by
his suits. He's always said everything was done by the book. Well,
it may have been done by the book, but it sticks,

(01:17:32):
and Angela Rayner's housing choices stick, frankly much as did
all those donations which he took a year ago. So
I don't think he reads the public terribly well on it,
because the argument was after that disastrous last autumn when
they were done for all manner of sort of taking

(01:17:56):
back pocketing donations and free being and everything was well,
we're going to run a tight ship from now on. Well,
there's your deputy Prime minister. You know it doesn't look good.

Speaker 2 (01:18:08):
No, it does not. His reorganization of his office and
this is you know, private secretaries and communication chiefs and
stuff like that. And when you dubbed tell that in
with what Cooper was saying today about families and bringing
it seems they've got real trouble. Is there a panic
or just angst about the place?

Speaker 17 (01:18:23):
I think there's a fair amount of panic about the place.
Now we're a year in and things are getting progressively
worse for the government rather than better. And they didn't
have a honeymoon period, so you know, I think he's
a second least like leader in the world after Emanuel Macron,
which is something to write home about, isn't it. And

(01:18:47):
what happened to turn of the year. He started doing
vaguely kind of blue laborish things such as taking quite
a strict line on trans quite a strict line on
Israel and so on. I'm not criticizing Israel too much.
Lost the left of his party as a consequence, and

(01:19:08):
probably lost quite a few voters in the affluent South
who objected to this sort of count out into the
working class vote. And all this was put down to
being Morgan McSweeney, who is his chief advisor, And it
now looks as if McSweeney is kind of being edged
towards the door a little bit that there's a big

(01:19:29):
there's a big change and what we will see, I
think from here on in is a more leftwards tilt
of the government, certainly beginning with the budget in the autumn.

Speaker 2 (01:19:40):
Since we last talk what was it, I mean talking
about Cooper and the refugee family reunion program. Yeah, the
iron surely has not lost on people in places like Epping.
This happened over the weekend. The government appeals a decision
and wins the appeal. So it's almost like the government
versus the people, isn't it? Like you know, you're going
to have these get st up.

Speaker 17 (01:20:02):
And that is exactly how it's been seen by an
awful lot of people that basically it's the government versus
the people, and the government on the side of asylum
seekers versus the people. So again that loses of all
the votes that they might have got as a consequence
of eve keepers suddenly saying today, well, we're not going

(01:20:23):
to let asylum seekers bring their families over. I suspect
most people in the country didn't know that they were
allowed to in the first place, is by suspicion. So
it does go from that to worse for them. Just
recently Keir Starmer's told Nigel starma off for exaggerating the

(01:20:43):
problems which are facing Britain. But they really are, on
both the economic and the social side of things, pretty immense.

Speaker 2 (01:20:51):
You go, well, right, we'll see a Thursday run a
little out of Britain if you missed it yesterday. In
the last twenty four hours, the UK has also secured
ten billion pounds worth of military for the Norwegians to
twenty six frigates. So that's the biggest ever warship export
deal by value. Also, the bank, the banks had a
tough end of the week last week. Remember, of course
it's Monday. In that particular part of the world. There

(01:21:13):
was a rumor floating around the Institute for Public Policy
Research was arguing publicly that we need a what they
call windfall profits, and they saw banks as a nice
repository of for profits. In other words, if Reebs is
looking for money, how about she goes in taxes the banks,
at which point they said she could raise eight billion

(01:21:34):
a year by doing that, and that's pounds, so at
which point the shares fell through the floor for fairly
obvious reasons. A forty five The like.

Speaker 1 (01:21:42):
Asking Breakfast Full Show podcast on I have Radio powered
by News Talks at.

Speaker 2 (01:21:47):
B I lied the other day on the show. I said,
what I forgotten what I called you on the Smeg promotion?
What was the little thing we decided it was called
the little flat thing that you put it utensil dish.

Speaker 7 (01:22:01):
It wasn't a dish, was a cradle or it wasn't.

Speaker 2 (01:22:04):
A cradle, no, whatever, it was whatever we decided. I
said I had two of them. I've actually got five.
I didn't realize. So there was just I know, I
was just reading yesterday that the New World in Thornton.
It's always Thornton, you know, you know Wellington, you know Thornton. Anyway,
there was a frenzy on yesterday because it's coming to
an end and they've started running out of some of

(01:22:24):
the stuff, so a lot of people have got stickers.
We've still got stickers at home. And we sat down
at lunch yesterday and we were talking about this, and
that's where I got the revelation that I had five
of these utensil things, and we had the big brazier.
The big one was was the cast iron brazier. But
the problem with the brazier was you had to have
all the stickers plus some money, and I fundamentally objected
a handing over money. But I objected to it. After

(01:22:46):
apparently we got the braziert home, so that was the
end of that. Then there were these many cocots. Is
a Cocott's, Yeah, We've got eighty seven of those. And
so anyway, we concluded, and this was the problem with
our excess stamps. We concluded that this promotion has been
a bust. That the best promotion has been the Speak
Glarer glasses. And then the second promotion there were some

(01:23:07):
black cookware, black sort of African cookwhear. We decided they
were quite good, but the Smeg one hasn't worked. Most
of the Smeg stuff. This is Katie, not me. I
couldn't care less what it was. All I know is
I've got a lot of crockery around the house. She declared.
It was hopeless. Anyway, people are starting to get angry.
There's not enough.

Speaker 7 (01:23:25):
I'll be very angry now. And knowing that you're holding
all the well, the senil.

Speaker 2 (01:23:29):
Rests utensil rests I have. I'll sell them for first
person with nine dollars fifty You have a utensil rest.
So the cocots are in short supply. The bakers are
in large supply. As for your cast iron brazer. Forget it.

Speaker 7 (01:23:42):
When the knives good, didn't everybody love the knives?

Speaker 17 (01:23:45):
Yes?

Speaker 2 (01:23:45):
The knives were good? So knives? And what did I
say was best to speak glug glasses?

Speaker 7 (01:23:50):
Who's with the knives with Jamie Olivers?

Speaker 3 (01:23:52):
Yes?

Speaker 2 (01:23:53):
Yes, And we also got some sorcepans, Master Chef Saucepans.

Speaker 7 (01:23:57):
I hang on, We're now somebody trying to claim that
they were saves.

Speaker 2 (01:24:00):
No, they weren't smack knives. No way, they're not smag.
I wouldn't have a snag knife in my house.

Speaker 9 (01:24:04):
What are you?

Speaker 2 (01:24:05):
I'm having enough trouble.

Speaker 7 (01:24:06):
We've got there from two sources, now that they were
snag nocked.

Speaker 2 (01:24:08):
Now I don't have two sources. What do you mean
two source pans. It's getting confusing anyway, it's two your prices.

Speaker 7 (01:24:13):
Oh, I need to I need to rest have one
of those risks up shots.

Speaker 2 (01:24:17):
We have declared the smeg closed. Boring, stupid come up
with something.

Speaker 7 (01:24:22):
Oh, it's easy for you to say, mister, you took
about three pairs ray, Now what about five rest Tsking
nine to nine, the.

Speaker 1 (01:24:31):
Mic Hosking Breakfast with Vita, Retirement, Communities, News Togs dead.

Speaker 2 (01:24:36):
B Now let me let me let you in on
this most hearing test. Right, they're a quick fifteen minute
screening in and out and you don't learn a lot.
But Resonate Health they're doing it differently and this is
the good news. So they created what they call EAR
three sixty. It's a premium, in depth assessment that looks
at you're hearing, your lifestyle, your health, not a last
leader to save you some sort of hearing aid. It's
a full picture, not just to tick the box exercise.

(01:24:58):
So find out for yourself by visiting resonatehealth dot co
dot NZ. You got that resonatehealth dot co dot z
special offer call eight hundred Resonate for the deal eight
hundred Resonate and if you call today mentioned that Mike
sent you. That's me. Are you get fifty percent off
your EAR three to sixty assessment? Fifty percent five oh
percent So Resonators one hundred percent New Zealand owned it's

(01:25:20):
turned hearing care on its head. Instead of thousands of
upfront and you know dollars, it's a very simple hearing
aid subscription ninety dollars a month for top of the range.
Hearing aids are ongoing support and care included. No surprise,
there's no head in extras. It's the transparent care that
you deserve. So it's affordable, it's accessible, it's transparent. So
that's the future of hearing care in this country. Eight
hundred resonate which is eight hundred seven three seven sixty

(01:25:43):
six y two and tell them a centure. Asking by
the way, if you've got something to do for the
school holidays. Supercar Show dot co dot Nz. Supercar Show
dot co dot Nz. This is Giltraps again. They're raising
money for Starship and they've done it for three years,
could be for I can't remember how many year, but
they've been doing it for years. And the cars they've
got this year worth over one hundred million dollars worth
of cars. You've got some Eston Martin Valkyries, got a

(01:26:06):
sixty four Lamborghini four hundred GT. You got the only
Ferrari SF ninety xx in the country, and you've got
Brendan Hartley's twenty eighteen Toro Rosso Formula one car. So
if you've never seen a recent Formula one car in
the flesh, this is at Supercar Show dot co dot z.
It's about twenty five bucks to get in. All the
money Anyway goes to charity five to nine.

Speaker 3 (01:26:26):
Trending now with Chemist War's Great Savings every Day.

Speaker 2 (01:26:32):
House of Guinness. It's a new series from the creator
of Peaky Blinders. He's a good guy. Actually he's in
the Tom Brady Birmingham Football think. He's a big fan
of Boomingham. Anyway tells the story of the Guinness family,
the future of the brewery after the death of Benjamin Guinness,
and the fight for his kids. BA you've heard all
this before. It's succession, but with a brewery.

Speaker 3 (01:26:49):
Dearly beloved, we are gathered here today to mourn the
death of a man who brought peace and prosperity to
the people of Doublin.

Speaker 4 (01:27:01):
Hi, Sir Benjamin Lee Guinness, hereby give all my brewery
concerns to my two sons, Edward and Arthur, jointly and equally.

Speaker 3 (01:27:08):
The death of your father has served two pog a
stick in the horn.

Speaker 6 (01:27:12):
It's nurse.

Speaker 2 (01:27:14):
Behind a week and divided.

Speaker 3 (01:27:17):
Now is the time that week the black.

Speaker 16 (01:27:21):
Flag of Guinness in American style, which men attract clever women.

Speaker 3 (01:27:30):
Spas mayor and love is our hope.

Speaker 2 (01:27:34):
James Norton is your biggest name in that particular. One
September twenty five, on Netflix, they were Smig knives. Sam
was right. I was wrong. By apologies, Sam sold the
he got this mid block and he stuck it on trade.
He got to eighty nodge hed. I mean that was
you should be ashamed of it, taking three stuff and

(01:27:56):
selling it on trade. Mat you reckon.

Speaker 7 (01:27:57):
That comes close to how much extra he had to
pay in the first place to get the knives.

Speaker 2 (01:28:02):
Don't tell them that it's time. Agin An upset him.
Last sip of lemon water and then I'll be on
my way. We'll look to reconvene sometime around six o'clock
tomorrow morning, as we always. Happy days.

Speaker 1 (01:28:27):
For more from the Mic Asking Breakfast, listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio

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