Ryan Bridge: Will rate caps actually work?

Early Edition with Ryan Bridge · Nov 24, 2025 · 2m · transcript

This rates cap, how's it actually going to work.

I had Luxon on my Herald show yesterday, an announcement's coming in the next few weeks.

But ask any Mayor, not the ones who like disco toilets and golden miles, but the ones who already to the basic stuff and little else. They're cutting their cloth.

Tim Macindoe in Hamilton. I spoke to the Tararua Mayor yesterday. They all say the same thing: we are doing the basics. We've cut the silly stuff. And we don't know how this is going to work without bankrupting local government.

RMA reforms will be a big part of this. Luxon's talking about…