The Mike Hosking Breakfast

A new Rabobank report reveals within the next 10 years, New Zealand agriculture will begin its largest-ever inter-generational transfer of wealth. 

More than half of farm and orchard owners will reach the age of 65 in the next decade, but only a third have a formal succession plan. 

It's estimated $150 billion worth of farming assets will change hands. 

Rabobank CEO Todd Charteris told Mike Hosking the challenge is f...

So having looked at every council in the country and the pending rate rises we are all going to have to pay, a couple of inescapable conclusions are to be drawn. 

1) We need central Government to cap rates. 

2) We need fewer councils. 

If you were to roughly use inflation as a guide, Waitomo and Whanganui are your only councils to get under the wire at 2.93 % and 2.2% – so congratulations to them. 

I'm sure ever...

New Zealand’s largest bank is lending less cash to businesses than it was half a decade ago. 

Figures from the Reserve Bank show a softening across all bank business lending since the pandemic, with ANZ the only one going backwards. 

The overall growth rate across all banks has slowed to just 1.5%, down from 6% in 2013.  

ANZ CEO Antonia Watson told Mike Hosking much of the drop is caused by a decrease in lending to ...

On the Mike Hosking Breakfast Full Show Podcast for Tuesday 24th of June, our golden visa has done better in the last few months than it had under two and a half years of Labour. People want to come here, and they are bringing millions of dollars with them. 

Local Government NZ respond after Christopher Luxon and Shane Jones proposed getting rid of regional councils. 

All Blacks coach Scott Robertson tells Mike what he's ...

Scott Robertson has called up five new faces for his first All Blacks class of 2025, with his 35-man squad for next month’s series against France named. 

All Blacks regulars Dalton Papali'i, Ethan Blackadder and David Havili have been left out of the squad instead. 

The trio’s exclusion comes with the inclusion of Ollie Norris, Brodie McAlister, Fabian Holland, Timoci Tavatavanawai, and Du'Plessis Kirifi. 

Coach Scot...

The leader of the country's local government association says there's global evidence a rates caps can have detrimental effects. 

The Government's mulling a cap as part of its wider reform to refocus local government. 

Sam Broughton —Mayor of Selwyn District Council and Local Government NZ President— says if core infrastructure like water and transport aren't included in a cap, it can lift a council's borrowing costs.&nbs...

US and UK law enforcement will soon be using a New Zealand-developed strategy to help boost police performance. 

Vantaset utilisises research into people’s breaking points to assist elite athletes in performing their personal bests, at a rate of 87%  

Now they’ve signed long-term deals with global law enforcement agencies to reengage frontline officers. 

Founder and CEO Craig Steel told Mike Hosking that agencies suc...

The application process for New Zealand's 'golden visa' scheme' is firing up and going strong.  

The Government's confirmed almost 200 applications have been received from overseas investors since settings loosened in April.  

Queen City Law Managing Director Marcus Beveridge told Mike Hosking he's predicting a tsunami of capital into our little economy.  

He says he wouldn't be surprised if we don't exceed $10 billi...

New Zealand First says the country can no-longer afford a drawn-out Treaty settlement with the largest iwi.  

The party's drafting legislation to require a single settlement with Ngāpuhi, rather than multiple agreements.  

However, Treaty Negotiations Minister Paul Goldsmith has signalled he's open to settlements with smaller groups within iwi. 

NZ First MP Shane Jones told Mike Hosking the $20 million process is hol...

If you didn’t know, ACC is in some fiscal trouble again.

This isn't new. ACC has been in trouble for years.

Last year, 1.6 million of us managed to do something to ourselves which involved money - $4.5 billion dollars worth. That's just on rehab.

The total is $7 billion paid out.

It's an astonishing amount of money - and the problem is what we pay in doesn’t cover what goes out.

ACC run a scheme whereby money is invested in the hop...

Prime Minister Christopher Luxon told Mike Hosking that ongoing strikes and counter-strikes won't lead to a resolution. 

He says all the parties need to get around the table and negotiate a way forward, although that will be very difficult. 

The Prime Minister said, “You’ve got to be able to get the parties around the table and have a negotiation.”  

This comes ahead of the Prime Minister’s visit to the Netherlands, ...

On the Mike Hosking Breakfast Full Show Podcast for Monday the 23rd of June, we go to the US after they got involved in Iran and Israel's war and talk to Winston Peters about NZ's stance on it.

The Prime Minister has touched down in Belgium for a NATO meeting but had time to talk to us about Iran, councils and hundreds of millions of dollars of deals done in China.

Andrew Saville and Jason Pine cover the big weekend of sports - the...

Foreign Minister Winston Peters joined Mike Hosking this morning to discuss the developing situation in Iran.

The Foreign Minister said he wants to “get a proper analysis” before discussing how effective Operation Midnight Hammer was at destroying Iranian nuclear facilities. 

“One of the first victims of war is truth, and boy, have we seen it.”  

The Foreign Minister also discussed the Kiwis stuck in the regions, and that...

US forces have executed operation “Midnight Hammer” - a bombing raid targeting Iranian nuclear development sites. 

The US government has claimed an “obliteration” of Iranian Nuclear assets. However, analysts are skeptical of the actual level of damage dealt.  

Senior Fellow at the Defence Priority in Washington Gil Barndollar says, “These strikes are unlikely to have destroyed everything,”  

He said that it’s likely ...

New Zealand’s largest industrial development ever is about to begin in Invercargill. 

Mike Hosking spoke to the general manager of the project Ben Murphy this morning, who said the project is making progress. 

“We do have a fully zoned sight there, which is the key unlocker for this project.” Ben Murphy told Mike Hosking this morning.  

Although progress has been made, the project must secure occupiers before the pro...

Global oil prices are forecast to increase in the wake of US airstrikes against Iran. 

Greg Smith from Devon Funds Management told Mike Hosking analysts are forecasting a rise in oil prices, from anywhere from 5% to 70%. 

Currently, oil prices sit at around $75 per barrel. But Smith warns prices could rise to $130 a barrel. 

The increasing cost of food around the world was also discussed this morning as the price of ...

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. 

Good ideas: 7/10 

Not a bad week. Monthly inflation data, the census scrapped, the Housing Minister to overrule council and health targets improving. Things feel a bit like they're moving. 

The Crusaders: 7/10 

A great comeback story for Rob Penney, who was vilified a year ago, o...

I think this was the move of the week. 

Housing Minister Chris Bishop dropped the bombshell on local body operators that the Government has decided to give him the power to intervene around housing in local body decision making. 

Mind you, we could argue scrapping the calamitous Census was a good move, and indeed I'm a massive fan of reporting inflation data on a monthly basis, which sort of makes us look like a first wor...

Are early finishes to blame for the surgical backlog? 

Surgeon Chris Wakeman claims that public health professionals won’t perform surgeries past the 4pm cutoff, causing backlog issues.  

Health NZ’s Chief Clinical Officer Dr Richard Sullivan told Mike Hosking that early finishes do occur. 

The rosters generally run until about 4:30/5pm, and he says that there are very few operations that can be done in less tha...