Latest / Credlin / Credlin | 18 February

Transcript

Credlin | 18 February · Credlin

• 0:01
  Speaker 1: Petero Krandland live on Sky News Australia.
• 0:08
  Speaker 2: Good evening, welcome to the program, live from London again tonight,
• 0:12
  Speaker 2: of course plenty going on back at home, love of
• 0:14
  Speaker 2: election speculation with that raid cut, So Steve Price will
• 0:18
  Speaker 2: join us shortly to keep across all the domestic news.
• 0:20
  Speaker 2: So let's get into it. Here's what's coming up tonight
• 0:22
  Speaker 2: on Kredline. The Reserve Bank delivers its first rate cut
• 0:26
  Speaker 2: since twenty twenty, a much needed reprieve for mortgage holders years.
• 0:30
  Speaker 2: But what do you expect when Labour's been badger in
• 0:32
  Speaker 2: the RBA for months now, all the analysis on what
• 0:35
  Speaker 2: this cut means both economically and politically. In a moment
• 0:40
  Speaker 2: with course of living on every voter's mind, Labor tries
• 0:42
  Speaker 2: to kickstart a new kickstart a new scare campaign against
• 0:46
  Speaker 2: Peter Dutton that's got all the willmarks of the infamous
• 0:49
  Speaker 2: but successful medi scare campaign against Malcolm Turnbull. So can
• 0:54
  Speaker 2: they reheat it? Will it work again? Or are voters
• 0:56
  Speaker 2: tired of Labour's tricks? Because if you thought we were
• 0:59
  Speaker 2: past peak woke, I think again. And you proposed census
• 1:03
  Speaker 2: question all about sexuality and gender, you won't believe what
• 1:07
  Speaker 2: they want to ask you more on that, and I
• 1:10
  Speaker 2: sit down with the man who more and more commentators
• 1:13
  Speaker 2: believe could be the next UK Prime Minister, Nigel Faraj.
• 1:17
  Speaker 2: It's a wide ranging chat, not just about UK politics,
• 1:20
  Speaker 2: but how what we often see in England is a
• 1:23
  Speaker 2: precursor for what's headed our way to Australia.
• 1:27
  Speaker 1: What is the pro gaza independence And if you look
• 1:30
  Speaker 1: at the demography the sheer number of young Muslim teenagers
• 1:35
  Speaker 1: living in northern cities and towns who will be eligible
• 1:40
  Speaker 1: to vote at the time of the next general election,
• 1:42
  Speaker 1: guys are independence next time won't win four seats, they
• 1:45
  Speaker 1: win thirty.
• 1:48
  Speaker 2: But first Labour's public bullying of the governor was almost
• 1:52
  Speaker 2: bound to do. The Reserve Bank today delivered the first
• 1:54
  Speaker 2: rate kite in the life.
• 1:55
  Speaker 3: Of the Almensy government.
• 1:56
  Speaker 2: After twelve successive rate hikes. The Treasure Jim Chalmers's warnings
• 2:01
  Speaker 2: to his colleagues not to publicly demand a cut didn't
• 2:05
  Speaker 2: stop a chorus of backbenchers insisting that the banks stop
• 2:09
  Speaker 2: looking at his computers and take a walk down Main Street.
• 2:13
  Speaker 2: Some of them demanded a bigger cut than we actually
• 2:15
  Speaker 2: have got. The truth is Chalmers didn't try and stop
• 2:19
  Speaker 2: his colleagues bullying the bank because he believes in its independence,
• 2:22
  Speaker 2: or because he respects the governor to do her job
• 2:25
  Speaker 2: without his interference.
• 2:27
  Speaker 3: Not at all.
• 2:28
  Speaker 2: He did it because he didn't want the all but
• 2:30
  Speaker 2: inevitable rate cut to be seen as the result of
• 2:33
  Speaker 2: government pressure. He wanted it to look like it was
• 2:36
  Speaker 2: a reward from the bank for how well he thinks
• 2:40
  Speaker 2: the government's running the economy.
• 2:42
  Speaker 3: And yet it's.
• 2:43
  Speaker 2: Actually the reverse, because the fact is rates are finally
• 2:47
  Speaker 2: going down because of the cost of living crisis, and
• 2:51
  Speaker 2: not because his labor government knows how to run an economy. Indeed,
• 2:56
  Speaker 2: from the beginning, this government has made cost of living
• 2:59
  Speaker 2: pressures by its climate obsessed drive for a renewables only
• 3:04
  Speaker 2: power system, and its union driven assault on productivity, and
• 3:08
  Speaker 2: its inability to control record migration. That's putting downward pressure
• 3:13
  Speaker 2: on wages, upward pressure on housing, and massive pressure on
• 3:17
  Speaker 2: our infrastructure. On this government's watch, there have been seven
• 3:22
  Speaker 2: successive quarters of negative economic growth per person, so that's
• 3:26
  Speaker 2: a deep household recession. There's also been a near ten
• 3:30
  Speaker 2: percent drop in our living standards and productivity. Well, that's
• 3:34
  Speaker 2: back where it was five years ago. So is this
• 3:38
  Speaker 2: cut and election game changer that the Prime Minister is
• 3:41
  Speaker 2: so desperate for.
• 3:43
  Speaker 3: No, it's not.
• 3:44
  Speaker 2: It can't be when you think of just how much
• 3:46
  Speaker 2: rates have gone up since the Albanza government came to
• 3:50
  Speaker 2: office in.
• 3:52
  Speaker 4: The course of the last two and a half years.
• 3:55
  Speaker 4: As so, since interest rates have been rising, a typical
• 3:58
  Speaker 4: Australian household has paid an ex for fifty thousand dollars
• 4:02
  Speaker 4: and extra fifty thousand dollars in interest rates than they
• 4:05
  Speaker 4: had expected to pay.
• 4:09
  Speaker 2: Nor does this cut today imply that wall cuts are
• 4:12
  Speaker 2: on the way. As a Reserve Bank governor made very
• 4:15
  Speaker 2: clear in her remarks after the.
• 4:17
  Speaker 5: Meeting, today's decision does not imply that further rate cuts
• 4:22
  Speaker 5: along the lines suggested by the market are coming. The
• 4:25
  Speaker 5: Board needs more data and evidence that inflation is continuing
• 4:28
  Speaker 5: to decline before making decisions about the future path of
• 4:32
  Speaker 5: interest rates. The Board is very alert to upside risks
• 4:35
  Speaker 5: that could derail the deflationary process.
• 4:43
  Speaker 2: All right, The Albaneza government's obvious desperation for that rate
• 4:46
  Speaker 2: cut stems from its monumental failure to deliver on its
• 4:49
  Speaker 2: one really key electric commitment, and that was the promise
• 4:53
  Speaker 2: to cut your power bills by two hundred and seventy
• 4:55
  Speaker 2: five dollars per household per year. Instead, your bills have
• 4:59
  Speaker 2: gone up by around one thousand dollars on average, and
• 5:03
  Speaker 2: the government's temporary handouts in response.
• 5:05
  Speaker 3: Well, there've been band aids on bullet wounds.
• 5:08
  Speaker 2: Today, while the Treasurer was basking the announcement of that
• 5:11
  Speaker 2: modest cut in rates, there's also been a warning that
• 5:14
  Speaker 2: power prices will rise even further the day ahead of
• 5:17
  Speaker 2: a winter energy worn The looming coal five power closures
• 5:21
  Speaker 2: will trigger more hikes in the cost of electricity.
• 5:24
  Speaker 3: Now.
• 5:25
  Speaker 2: LINT owns a massive loy Yang B power station that
• 5:27
  Speaker 2: supplies about twenty percent of Victoria's electricity. Loyang B currently
• 5:32
  Speaker 2: slated to remain open for another twenty years.
• 5:35
  Speaker 3: That's part of the problem. But nearby loy Yang A.
• 5:38
  Speaker 2: Plus the y Lawn coal plant or they're set to
• 5:41
  Speaker 2: close in ten years on Chris Bowen's plans. One thing
• 5:45
  Speaker 2: is certain, set a Lint to Boss Jeff Dimmery, these
• 5:48
  Speaker 2: announced closures will inevitably put upward pressure on the average
• 5:53
  Speaker 2: wholesale pricing. At the end of last year, seasonal demand
• 5:57
  Speaker 2: peaked due to a hot summer. Within eighty percent rise
• 6:02
  Speaker 2: in wholesale prices.
• 6:04
  Speaker 3: But as well as.
• 6:04
  Speaker 2: Being fanatical about closing coal, this labor green government has
• 6:08
  Speaker 2: failed to give approvals for any new gas fields, the
• 6:12
  Speaker 2: gas fields at Australia so desperately needs because of its
• 6:15
  Speaker 2: so called green transition. Now, it's not long term contracts
• 6:20
  Speaker 2: to send gas overseas that's caused local gas prices to
• 6:23
  Speaker 2: double over the past decade, but these green bands on
• 6:27
  Speaker 2: new fields that were promised but haven't been delivered, Hence
• 6:32
  Speaker 2: Dimmeri's demand for more.
• 6:33
  Speaker 3: Gas to help alleviate this pressure.
• 6:36
  Speaker 2: He blamed the power price rises of the past few years,
• 6:39
  Speaker 2: not on coal outages, as Chris Bowen always does, but
• 6:42
  Speaker 2: on the transmission network charges needed for a decentralized renewables
• 6:47
  Speaker 2: only grid, and on the green levees imposed by regulators.
• 6:52
  Speaker 2: But one thing's for sure, all of this will get
• 6:55
  Speaker 2: just a whole lot worse if Labour's left in charge
• 6:59
  Speaker 2: of Australia's energy future, and if Chris Bowen is joined
• 7:02
  Speaker 2: a minority government by the likes of Adam bad and
• 7:06
  Speaker 2: Zali Steggel. All right, let's get the headlines out of
• 7:13
  Speaker 2: camera joining me now, cam Reddin.
• 7:16
  Speaker 6: Good evening relief at last for small business and for
• 7:19
  Speaker 6: mortgage holders. The Reserve Bank has dropped the official interest
• 7:22
  Speaker 6: rate for the first time in over four years.
• 7:25
  Speaker 5: The Board decided today to cut the cash rate by
• 7:28
  Speaker 5: twenty five basis points to four point one percent.
• 7:31
  Speaker 7: This is the rate relief that Australians need and deserve.
• 7:35
  Speaker 4: It's a long way back to where Australians were when
• 7:39
  Speaker 4: labor came to power.
• 7:41
  Speaker 6: Governor Michelle Bullock is opening the door to further cuts
• 7:44
  Speaker 6: down the track.
• 7:45
  Speaker 5: I can't say one and done. We are waiting for
• 7:48
  Speaker 5: more evidence that we're getting inflation sustain to be black
• 7:50
  Speaker 5: in the band before we are willing to move again.
• 7:54
  Speaker 1: I hope they don't live to regret it. The economy
• 7:56
  Speaker 1: is recovering, inflation is still above target.
• 7:59
  Speaker 6: A new video has a emerged purporting to show Australian
• 8:02
  Speaker 6: Oscar Jenkins alive in Russian captivity.
• 8:05
  Speaker 3: I feel a bit weak.
• 8:06
  Speaker 5: I've lost a lot of weight.
• 8:08
  Speaker 1: I have a broken arm still.
• 8:10
  Speaker 6: The unverified footage posted online was supposedly filmed in January.
• 8:15
  Speaker 6: The Foreign Minister has reiterated calls for Russia to release
• 8:19
  Speaker 6: mister Jenkins immediately. Cameron Redden's Sky News Canberra.
• 8:25
  Speaker 2: All right now back to Melbourne Steve Price with more headlines.
• 8:30
  Speaker 8: Good on you, Peter, thanks for that. Well that resulted
• 8:32
  Speaker 8: to twenty today that interest rate cut first one since
• 8:35
  Speaker 8: twenty twenty starters. Gun's now really been fired, hasn't it?
• 8:39
  Speaker 3: On that election?
• 8:40
  Speaker 8: So what does this cut with the potential of maybe
• 8:43
  Speaker 8: another one even during an election campaign? What does it mean?
• 8:46
  Speaker 8: Joining me now? Sky News Political editor Andrew Klenil, Great
• 8:49
  Speaker 8: to see you, Andrew. There's been all sorts of analysis
• 8:53
  Speaker 8: on this. What's your view on who this helps politically? Oh,
• 8:59
  Speaker 8: helps laborolytically, but I'm not sure that it helps it
• 9:03
  Speaker 8: make much in the way of gains. It just helps
• 9:06
  Speaker 8: it arrest any slide. I think it has the potential
• 9:10
  Speaker 8: to do that anyway. It gives labor a bit of
• 9:13
  Speaker 8: momentum that they can take into an election. They'll call
• 9:16
  Speaker 8: I expect in around two weeks. The PM he probably
• 9:20
  Speaker 8: could it sooner, but that he doesn't want to cross
• 9:22
  Speaker 8: over the WA election too much and allows the government
• 9:26
  Speaker 8: to say, look, there is hope ahead. Our plan has worked.
• 9:31
  Speaker 8: What wages have gone up?
• 9:34
  Speaker 7: Inflation it sure is awful, has been awful, but it
• 9:37
  Speaker 7: has been that way around the world. Unemployment is low, now.
• 9:42
  Speaker 7: The Prime Minister, Steve went on Sydney Radio this afternoon
• 9:46
  Speaker 7: and one of the callers or texters in there pointed
• 9:50
  Speaker 7: out a block of cheese is eleven dollars and I
• 9:53
  Speaker 7: think that's a great illustration of how this is no
• 9:55
  Speaker 7: panacea for Anthony Albanezi and Jim Charvers, but it is
• 9:59
  Speaker 7: a hell have a lot better for them then you
• 10:03
  Speaker 7: know the alternative, which is no rate cut, no hope, insight,
• 10:06
  Speaker 7: no end to this economic pain, you know, and that
• 10:11
  Speaker 7: would have put them in a disastrous position. So I
• 10:15
  Speaker 7: had a Labor wag sort of say to me, you know,
• 10:17
  Speaker 7: the windows have exploded in the and the executive wing
• 10:20
  Speaker 7: of Parliament from the sigh of relief from all the
• 10:23
  Speaker 7: people working there. And I think that is very much
• 10:26
  Speaker 7: the case. And what we're looking at is a pretty
• 10:29
  Speaker 7: fascinating contest because Peter Dutton hasn't got the numbers to win.
• 10:34
  Speaker 7: He is not far off having the numbers to win
• 10:39
  Speaker 7: enough seats to for minority government, but he needs a
• 10:41
  Speaker 7: couple of points and there's no way when you look
• 10:44
  Speaker 7: at the numbers Labor is keeping majority government. So it
• 10:48
  Speaker 7: looks like a hung Parliament is almost certain. It's just
• 10:51
  Speaker 7: who wins that hung Parliament, and that is very much
• 10:53
  Speaker 7: dependent on the campaign and you know, decades of experience
• 10:58
  Speaker 7: for both of us. It's quite a new visual in fact,
• 11:00
  Speaker 7: isn't it, Steve, Because most campaigns we know in our
• 11:04
  Speaker 7: hearts of hearts, as you know, media commentators, journalist whatever,
• 11:08
  Speaker 7: who's going to win before the campaign gets underway. This
• 11:11
  Speaker 7: is an absolute toss of the coin.
• 11:14
  Speaker 8: If you were doing tactics for the opposition after today,
• 11:18
  Speaker 8: I mean you'd have to urge caution from Peter Dutnam.
• 11:21
  Speaker 8: They can't go around and neither can Angus Taylor saying oh, well,
• 11:24
  Speaker 8: it's only one small rate card, it's only point twenty
• 11:27
  Speaker 8: five percent. It's only going to mean, you know, one
• 11:29
  Speaker 8: hundred dollars a month for a small mortgage. They've got
• 11:33
  Speaker 8: to not do that because regardless of the fact whether
• 11:36
  Speaker 8: the public thinks that they don't want to be seen
• 11:38
  Speaker 8: to be raining on the parade, do they Yeah, Well,
• 11:43
  Speaker 8: this is this goes back to your first question, the
• 11:46
  Speaker 8: sense you were call John Howed in the two thousand
• 11:48
  Speaker 8: and four campaigns saying who do you trust? Who do
• 11:50
  Speaker 8: you trust to keep interest rates low? So this has
• 11:53
  Speaker 8: taken a bit of the wind of the sales out
• 11:55
  Speaker 8: of Dutton and Angus Taylor because they could have used
• 11:57
  Speaker 8: a similar line now they can't. This is the first
• 12:00
  Speaker 8: cut of what banks are saying will be a couple
• 12:03
  Speaker 8: more this year. Now there is a banks saying hold
• 12:05
  Speaker 8: your horses, we're not looking to cut in April. They
• 12:08
  Speaker 8: pretty much indicated that in their statement. But you know,
• 12:13
  Speaker 8: the people who predict these things, the banks are saying, yes, yes,
• 12:17
  Speaker 8: we will get a couple more this year.
• 12:18
  Speaker 7: So it's kind of like we're on the way out.
• 12:22
  Speaker 7: So I think what they need to say and they
• 12:24
  Speaker 7: are staying to say is this is good news. We
• 12:28
  Speaker 7: hope there's more, but the damage has already done. And
• 12:31
  Speaker 7: as a coalition government, we can manage the economy better
• 12:34
  Speaker 7: than labor, and we can do more for the private
• 12:37
  Speaker 7: sector than labor can. They're too focused on the public sector,
• 12:42
  Speaker 7: and I think that's pretty much.
• 12:43
  Speaker 2: It was interesting.
• 12:44
  Speaker 3: I have to go.
• 12:46
  Speaker 8: It's interesting watching Michelle Bollock because she concentrated on inflation
• 12:51
  Speaker 8: and she kept making the point that the inflation dragon
• 12:54
  Speaker 8: hasn't been killed here yet, and that's what people out
• 12:57
  Speaker 8: in the suburbs are feeling the price of petrol, the
• 13:00
  Speaker 8: electricity bill, the grocery bill. I mean, yes, it's nice
• 13:04
  Speaker 8: to have a little bit off the mortgage, but that's
• 13:07
  Speaker 8: not really helping in the wider area where everything costs more.
• 13:11
  Speaker 3: And I think that.
• 13:12
  Speaker 8: Line from Dutton and Taylor where they say, well do
• 13:15
  Speaker 8: you feel better off under Anthony albineasy than you did
• 13:18
  Speaker 8: four years ago?
• 13:19
  Speaker 7: It probably works to agree, works to would agree, but
• 13:23
  Speaker 7: not enough. And what you have to ask why is that?
• 13:25
  Speaker 7: And it must be because people aren't convinced about Peter
• 13:28
  Speaker 7: Dutton yet and b do recognize and realize that this
• 13:32
  Speaker 7: has occurred in the US, it has occurred in the UK,
• 13:35
  Speaker 7: it has occurred in Canada, it has occurred in his Zealand.
• 13:38
  Speaker 7: It's a global problem emanating out of COVID. So it
• 13:40
  Speaker 7: becomes a debate about could the government have done more
• 13:44
  Speaker 7: to stop this inflation being as bad as it is,
• 13:49
  Speaker 7: And they would say, well, we've got low unemployment, we've
• 13:51
  Speaker 7: lifted wages, So that's kind of the debate here. But yeah,
• 13:54
  Speaker 7: you're right. I mean insurance is the one you didn't
• 13:56
  Speaker 7: mention as well. And Peter Dutton said on the weekend
• 13:59
  Speaker 7: he was looking at something about that. But one of
• 14:02
  Speaker 7: the keys here for Peter Dutton is how is and
• 14:05
  Speaker 7: so along these lines, it's Steve how is he able
• 14:08
  Speaker 7: to say, Okay, I'm coming in, I'm going to fix it.
• 14:13
  Speaker 7: He's got his you know, he's got a free running
• 14:15
  Speaker 7: terms of saying, this guy presided over all the prices
• 14:21
  Speaker 7: going up fifteen percent, But what's his solution? And I
• 14:26
  Speaker 7: don't think you know, he's come up with a convincing one.
• 14:28
  Speaker 7: And that's not even his fault, because there isn't an
• 14:31
  Speaker 7: easy fix to all this. And this is what you're saying.
• 14:34
  Speaker 7: I mean, inflation at three percent means that that huge
• 14:38
  Speaker 7: price rise we've seen, especially at the grocery account, let's
• 14:41
  Speaker 7: face it, it's never being reversed ever, no matter who gets elected.
• 14:47
  Speaker 7: And that's terrible news. The rates they do matter though,
• 14:50
  Speaker 7: because you know, people in Sydney have mortgages of a
• 14:55
  Speaker 7: million bucks eight hundred thousand bucks, so that's a couple
• 14:58
  Speaker 7: of one hundred a month. That's that's kind of you're
• 15:00
  Speaker 7: talking about what's normally given in a tax cut. So
• 15:04
  Speaker 7: if the government were to go get a second one
• 15:06
  Speaker 7: of those, that would really help them. I just found
• 15:09
  Speaker 7: it interesting the RBA basically spelled out today. Here's your
• 15:12
  Speaker 7: rate cut before a campaign. We're not doing another rate
• 15:15
  Speaker 7: cut during one.
• 15:18
  Speaker 8: Great work, Andrew, I'll catch up with you soon mate,
• 15:20
  Speaker 8: Thanks for that. Let's get onto the finance of all
• 15:22
  Speaker 8: of this. Sky On News Business editor Ross Greenwood joins,
• 15:25
  Speaker 8: as Ross, what does the rate cut mean for the
• 15:28
  Speaker 8: fight against inflation? Because we're going to go into an
• 15:31
  Speaker 8: election where presumably both sides of politics are going to
• 15:34
  Speaker 8: start throwing money around. Is that going to be a
• 15:37
  Speaker 8: problem for Michelle Bullet?
• 15:39
  Speaker 9: Well, largely it will be. But the only thing will
• 15:41
  Speaker 9: be is, of course those promises won't kick in until
• 15:43
  Speaker 9: we'll after the election, so that won't be so much
• 15:46
  Speaker 9: of an issue. The question is going to be what
• 15:48
  Speaker 9: Australians do with this extra money. So you talk about
• 15:51
  Speaker 9: the extra money, and certainly Andrew spoke about that. There
• 15:54
  Speaker 9: so a million dollar mortgage basically one hundred and fifty
• 15:57
  Speaker 9: four dollars a month. If you've got a seven hundre
• 16:00
  Speaker 9: and fifty thousand dollars mortgage, one hundred and fifteen dollars
• 16:03
  Speaker 9: a month. But there's one other little thing that people
• 16:06
  Speaker 9: need to understand is that when interest rates rise, banks
• 16:10
  Speaker 9: increase your repayments. But when interest rates full most banks
• 16:14
  Speaker 9: do not cut your repayments. What they expect you to
• 16:17
  Speaker 9: do is to basically start to payoff a bit more
• 16:20
  Speaker 9: of your mortgage, to get ahead with your mortgage, and
• 16:22
  Speaker 9: they keep your repayments where they were.
• 16:24
  Speaker 3: Now.
• 16:25
  Speaker 9: If most people just sit and swallow that up and go,
• 16:27
  Speaker 9: well that's okay, well just you know where the payments
• 16:30
  Speaker 9: as they are. But if the cost of living crisis
• 16:32
  Speaker 9: is real and families actually say no, I need that
• 16:35
  Speaker 9: money and they go and change their repayments by wringing
• 16:38
  Speaker 9: their bank or their lender and basically get that cut off,
• 16:41
  Speaker 9: then it's what they do with the money. Is it
• 16:43
  Speaker 9: that it goes to help the pay for the electricity
• 16:45
  Speaker 9: bill or, as Andrews said, help the pay for the
• 16:47
  Speaker 9: insurance premiums. So these things become important because that money
• 16:51
  Speaker 9: then goes back into the economy. But there's one other
• 16:54
  Speaker 9: aspect of this, and that is that's wages claims that
• 16:57
  Speaker 9: are massive in Australia right now. Wherever there is a
• 17:01
  Speaker 9: wages price spiral that goes on in Australia that continues
• 17:04
  Speaker 9: to fuel inflation, it is the wages claims that are
• 17:07
  Speaker 9: coming from the unions right now. And you can see
• 17:09
  Speaker 9: in New South Wales, train drivers others coming out there
• 17:13
  Speaker 9: in key areas. But it's also public servants that are
• 17:16
  Speaker 9: really pushing for more wages. And what the Government's going
• 17:19
  Speaker 9: to be very careful of the current government is they
• 17:21
  Speaker 9: keep celebrating that real wages are basically ahead of inflation.
• 17:26
  Speaker 9: And that's okay for a while, but at some stage
• 17:29
  Speaker 9: that also starts to feed into future interest rates. Now
• 17:33
  Speaker 9: money markets right now, Steve, they're pricing in at least
• 17:35
  Speaker 9: another two interstrate cuts this year. But Michelle Bullet was
• 17:39
  Speaker 9: very keen to note, actually there is a scenario by
• 17:42
  Speaker 9: where if we get things wrong here, we might have
• 17:44
  Speaker 9: to raise interustrates again and that really would be bad
• 17:47
  Speaker 9: for the Reserve Bank's credibility, but also quite clearly very
• 17:50
  Speaker 9: bad for Australia's economy as well.
• 17:53
  Speaker 8: Just into the weeds on the actual practicality of your loan,
• 17:57
  Speaker 8: I mean, I saw your discussion this afternoon. Actually have
• 18:00
  Speaker 8: to contact the bank and say, okay, we're very happy
• 18:04
  Speaker 8: that you've said you're going to pass this on. Can
• 18:07
  Speaker 8: you pass it on to me onto my loan because
• 18:09
  Speaker 8: I need the money.
• 18:09
  Speaker 3: You have to actually do that.
• 18:11
  Speaker 9: You do, you have to and certainly with the Comonwealth
• 18:14
  Speaker 9: National Australia by a bank I think is the same.
• 18:16
  Speaker 9: You have to ring up so you know it's not
• 18:19
  Speaker 9: an automatic thing because well, and it goes all the
• 18:21
  Speaker 9: way back, because I can remember paying what was it,
• 18:24
  Speaker 9: seventeen and a half percent on a mortgage back in
• 18:26
  Speaker 9: the early nineties with the recession we had to have
• 18:29
  Speaker 9: and I can remember I largely paid off a big
• 18:32
  Speaker 9: wedge of a mortgage at that time because I was
• 18:34
  Speaker 9: going okay and I didn't actually need to cut my
• 18:37
  Speaker 9: mortgage rey payments as many other people literally had to
• 18:39
  Speaker 9: go and beg their banks to do well. Same thing
• 18:42
  Speaker 9: happens today. They're a bit more lenient in terms of
• 18:44
  Speaker 9: trying to cutch you some slack and as the Comwalth
• 18:46
  Speaker 9: banker said, most people are way ahead with their mortgages anyway,
• 18:50
  Speaker 9: and so really there shouldn't be any real issue. But
• 18:53
  Speaker 9: this means, as even Andrews said, when the Reserve Bank's
• 18:57
  Speaker 9: considering this, just because the government comes and says we've
• 19:00
  Speaker 9: defed inflation, inflations coming down, look we've now got an
• 19:03
  Speaker 9: interest rate cut. The reality is when you walk into
• 19:06
  Speaker 9: the supermarket this weekend, when you walk into your market
• 19:10
  Speaker 9: this weekend, when you get your next telecommunications bill, when
• 19:13
  Speaker 9: you get your next insurance bill, you'll sit there and go, well,
• 19:16
  Speaker 9: you look at the price of this, Your energy bill
• 19:18
  Speaker 9: will be the other one. Prices aren't coming down as such.
• 19:22
  Speaker 9: Prices are just not rising as fast as they were previously.
• 19:25
  Speaker 9: So the cost of living crisis is not easily overcome
• 19:29
  Speaker 9: for many Australian families that will still be feeling it
• 19:32
  Speaker 9: when they go to the polls.
• 19:35
  Speaker 8: Yeah, great work, Ross, Thank you very much for that.
• 19:37
  Speaker 8: That's Ross screenwould I'm going to talk a little bit
• 19:39
  Speaker 8: about that Peter Dutton policy to he sort of floated
• 19:42
  Speaker 8: out about insurance and getting into the insurance companies, about
• 19:46
  Speaker 8: bringing down costs. So we'll have a look at that
• 19:48
  Speaker 8: with our panel later coming up. After the breakdough Peter.
• 19:50
  Speaker 8: Back in London, she sat down with Nigel Faraj, the
• 19:54
  Speaker 8: man who is now a very real prospect of becoming
• 19:58
  Speaker 8: the UK's Prime minister. Voters a turning off labor and
• 20:01
  Speaker 8: the Tories in droves, plus why the UK is at
• 20:04
  Speaker 8: a tipping point when it comes to migration. Thousands of
• 20:07
  Speaker 8: undocumented young men swarming into the country. Is it a
• 20:10
  Speaker 8: lesson for us?
• 20:11
  Speaker 2: But will we listen, welcome back, still ahead, petered up
• 20:19
  Speaker 2: the plan to put pressure on insurers.
• 20:21
  Speaker 3: To we use the cost of living.
• 20:22
  Speaker 2: But Labour's heading back another many scare campaign to try
• 20:26
  Speaker 2: and save the PM's political high. Steve will get into
• 20:28
  Speaker 2: that panel in a moment. But last night I thot
• 20:31
  Speaker 2: down with my good friend Nigel Faraje at one of
• 20:33
  Speaker 2: his favorite little haunts in London. They're Reform party that
• 20:36
  Speaker 2: he founded, and now Leeds is riding high in the
• 20:39
  Speaker 2: polls here in terms of members it's now surpassed the
• 20:42
  Speaker 2: Conservative Party, making it the second most popular party in
• 20:46
  Speaker 2: Britain and closing fast on Labor.
• 20:48
  Speaker 3: Now, what's happening in the UK with Reform.
• 20:51
  Speaker 2: It's got parallels with the movement around Trump in the
• 20:54
  Speaker 2: US that really reshaped the Republican Party and as Australians
• 20:59
  Speaker 2: mode lessons for us here too, particularly his view that
• 21:02
  Speaker 2: Reform isn't so much a new party on the center right,
• 21:06
  Speaker 2: but a whole new political dynamic altogether. Nigel, great to
• 21:11
  Speaker 2: have a company, could be here, Great to share a
• 21:13
  Speaker 2: meal with you.
• 21:14
  Speaker 1: It's looking good, it's looking favorite places and it's very eccentric.
• 21:20
  Speaker 1: It's a bit of a one off, yeah, I love it.
• 21:23
  Speaker 1: And you know, we're an old country and you come
• 21:26
  Speaker 1: to a place like this that's been here for a
• 21:28
  Speaker 1: long long time, and you get a sense that history
• 21:32
  Speaker 1: where you come from is actually quite important.
• 21:34
  Speaker 3: And legacy too.
• 21:36
  Speaker 1: Well, legacy is important. Although I worry right now that
• 21:39
  Speaker 1: the legacy we're going to lead to the next generations
• 21:42
  Speaker 1: is going to be a bad one, which is why
• 21:44
  Speaker 1: on the third of June last year, I came out
• 21:47
  Speaker 1: of political retirement. I'd done my bit. I've been a
• 21:50
  Speaker 1: crusader for over a quarter of a century for us
• 21:52
  Speaker 1: to leave the European Union because I wanted us to
• 21:53
  Speaker 1: get back our sovereignty, our ability to run our own lives,
• 21:57
  Speaker 1: and that I saw what a mess the establishment and
• 22:00
  Speaker 1: made of it. And we're going downhill. We're an economic decline.
• 22:06
  Speaker 1: You know, people are getting poorer, or the super rich
• 22:09
  Speaker 1: might be getting richer, but the average folk are getting poorer.
• 22:12
  Speaker 1: We're in societal decline.
• 22:14
  Speaker 10: You know.
• 22:15
  Speaker 1: Shoplifting now, You can shoplift now up to two hundred
• 22:18
  Speaker 1: pounds that's about four hundred ZI dollars without being prosecuted.
• 22:21
  Speaker 2: And no one comes after you. I've stories of people
• 22:24
  Speaker 2: coming in stuffing things in their bag.
• 22:26
  Speaker 1: Yeah, it's fine, just accepted knife crime off the charts.
• 22:32
  Speaker 1: You know, a teenager being stabbed and killed now doesn't
• 22:35
  Speaker 1: really make me news.
• 22:37
  Speaker 3: So the government changed here six months ago. It feels
• 22:40
  Speaker 3: like it's now on the brink of collapse. What's gone wrong?
• 22:43
  Speaker 1: So the last election was an anti Tory vote. Yeah,
• 22:46
  Speaker 1: you know, Boris had a massive eighty set majority back
• 22:49
  Speaker 1: in twenty nineteen, which, by the way, I helped him
• 22:51
  Speaker 1: with absolutely, you know what helped him with because I
• 22:55
  Speaker 1: thought we've got to get this Brexit thing finalized after
• 22:57
  Speaker 1: years of agony, and whilst I knew he was pretty liberal,
• 23:03
  Speaker 1: I just couldn't believe the level of betrayal on massive immigration,
• 23:07
  Speaker 1: on some net zero policies that are literally de industrializing Britain,
• 23:12
  Speaker 1: which then.
• 23:12
  Speaker 2: Got infected all the way through to Australia because of
• 23:15
  Speaker 2: the Glasgow conference in Scott Morrison signing up.
• 23:17
  Speaker 3: But oh the COP we won't digges.
• 23:19
  Speaker 1: You know, the cop event was quite remarkable in the
• 23:23
  Speaker 1: way that you and Canada and many many others followed.
• 23:28
  Speaker 1: But it's a labor one. But it was a loveless win.
• 23:33
  Speaker 1: Not one of the twenty five members of the cabinet
• 23:36
  Speaker 1: has ever worked in private business. Can you believe that? Literally?
• 23:39
  Speaker 1: Can you believe that out of twenty five men and women,
• 23:41
  Speaker 1: not one of them And they are literally talking us
• 23:45
  Speaker 1: into recession. The economy is going down. The budget they
• 23:49
  Speaker 1: introduced is a catastrophe and everything from business to care
• 23:54
  Speaker 1: homes to doctor surgeries will from the first of April
• 23:58
  Speaker 1: be laying people off. And then we've had the development
• 24:01
  Speaker 1: something called two tier Britain, two tier policing, two tier justice,
• 24:07
  Speaker 1: two tier care. Now it is true that people like
• 24:11
  Speaker 1: me and Elon Musk have been pushing this narrative, but
• 24:14
  Speaker 1: it's very interesting. So two young Muslim men assault, violently
• 24:19
  Speaker 1: assault to police officers in Manchester Airport, I mean, you know,
• 24:24
  Speaker 1: broke of the one of them was a woman, her
• 24:26
  Speaker 1: nose was broken. It was horrible and don't get prosecuted,
• 24:29
  Speaker 1: nothing happens. And then we get the murder of those
• 24:32
  Speaker 1: three little girls. Yes, an event that has I mean
• 24:36
  Speaker 1: really shocked the name.
• 24:37
  Speaker 3: We went around the world horrific.
• 24:41
  Speaker 1: And anybody that said something online in the wake of that,
• 24:44
  Speaker 1: and by the way, some of it was very intolerant
• 24:46
  Speaker 1: and very unpleasant, but it's kind of words, not actions.
• 24:49
  Speaker 1: And they were in prison before you knew it. So
• 24:53
  Speaker 1: you see this development of a perception, maybe a reality
• 24:57
  Speaker 1: of two tier justice and a feeling that somehow some
• 25:00
  Speaker 1: groups in British society are being treated differently to other
• 25:04
  Speaker 1: groups and that has led to anger on the most
• 25:07
  Speaker 1: astonishing scale.
• 25:09
  Speaker 2: So this is an interesting point then, because you're in
• 25:12
  Speaker 2: a situation now six months into a change of government
• 25:15
  Speaker 2: where that government's on the nose.
• 25:17
  Speaker 3: But I suspect, you know, I've had.
• 25:19
  Speaker 2: Conversations with cabs today the residual anger at the old
• 25:23
  Speaker 2: government's still there and here you are.
• 25:26
  Speaker 3: Coming out through the middle.
• 25:27
  Speaker 2: Now, political parties lose members, they don't gain members. You
• 25:32
  Speaker 2: aren't gaining them at a rate of not I mean
• 25:34
  Speaker 2: you are the third force. Now I think you're supplanting
• 25:38
  Speaker 2: the Tories is the opposition.
• 25:40
  Speaker 1: Why are we doing so well? Vibe Vibe positivity. Our
• 25:45
  Speaker 1: members are supporters. You come to an event that I do,
• 25:49
  Speaker 1: they're there, be all sold out within twenty four hours.
• 25:52
  Speaker 1: Book a thousand seater's gone. In some ways, we're the
• 25:55
  Speaker 1: most pessimistic people in the country because we fear that
• 25:57
  Speaker 1: we're in a decade all of our values would have
• 26:00
  Speaker 1: been trashed and trunced. But on the other we're the
• 26:04
  Speaker 1: most optimistic group of people because we believe, with the
• 26:06
  Speaker 1: right leadership, we can turn this country around. It's very,
• 26:09
  Speaker 1: very interesting. The vibe is positive. We're talking about what
• 26:12
  Speaker 1: we can do, not what we can't do. Now, first
• 26:15
  Speaker 1: past the post, you are looking at somebody who won
• 26:19
  Speaker 1: two national elections in twenty fourteen and twenty nineteen under
• 26:23
  Speaker 1: proportional representation one two European National parliamentary elections. But in
• 26:29
  Speaker 1: general elections, I've not made the breakthroughs that were commendurate
• 26:32
  Speaker 1: with the votes we got. Yes for every reform MP
• 26:36
  Speaker 1: right now, there are eight hundred and twenty thousand votes.
• 26:39
  Speaker 1: For every Labor MP there are thirty four thousand votes.
• 26:43
  Speaker 1: I think the numbers are stark. However, first past the
• 26:47
  Speaker 1: post can be your enemy, but there comes an inversion
• 26:51
  Speaker 1: point which it becomes your friend.
• 26:54
  Speaker 3: About au there now.
• 26:57
  Speaker 1: On the numbers, looking at not just one poll, but
• 27:02
  Speaker 1: dozens of polls over the last few weeks, we are
• 27:05
  Speaker 1: literally literally at that inflection.
• 27:09
  Speaker 2: For so serious people I've spoken to here and that
• 27:12
  Speaker 2: I know and trust inside politics say you genuinely could
• 27:15
  Speaker 2: be the next Prime minister. So if you were in
• 27:19
  Speaker 2: Downy Street, how is Britain better and stronger in a
• 27:25
  Speaker 2: farage government than.
• 27:27
  Speaker 3: It is now.
• 27:28
  Speaker 1: Well, the first thing is we'd have people in government
• 27:29
  Speaker 1: who actually have done stuff in life. And you have
• 27:32
  Speaker 1: to recognize that without wealth creation you have nothing. It's
• 27:37
  Speaker 1: all well and good having a wonderful health system or
• 27:39
  Speaker 1: whatever else it may be, you have to pay for it, yeah,
• 27:42
  Speaker 1: and without wealth creation none of that can happen. So
• 27:45
  Speaker 1: the first point is to have people who are more competence,
• 27:48
  Speaker 1: more understanding of what wealth creation is actually about. The
• 27:51
  Speaker 1: second point is to be more honest and to level
• 27:54
  Speaker 1: with people about just how much trouble we're in. No
• 27:57
  Speaker 1: one talks about the national debt. Our debt interest repayments
• 28:02
  Speaker 1: are now one hundred billion pounds a year. That's two
• 28:05
  Speaker 1: hundred billion Aussie dollars a year. Our defense budgets only
• 28:09
  Speaker 1: fifty billion a year. Just to give you some sense
• 28:11
  Speaker 1: of context of how much poorer, how much more indebted,
• 28:14
  Speaker 1: we're becoming, So honest conversations about how badly we're doing.
• 28:19
  Speaker 1: Honest conversations about the welfare state. You know, another million
• 28:24
  Speaker 1: people since the start of the pandemic are on disability
• 28:28
  Speaker 1: benefit because they've had a ten minute zoom consultation with
• 28:31
  Speaker 1: a doctor. So Doc, I'm feeling a bit down and depressed.
• 28:34
  Speaker 1: Oh well, that's fine, go on disability benefits and stay
• 28:37
  Speaker 1: there for the rest of your life. We can't go
• 28:39
  Speaker 1: on like this. But everyone's been too cowardly to take
• 28:42
  Speaker 1: these things on for fear of the onslaught. They'll get
• 28:47
  Speaker 1: on ex Twitter, whatever you want to call it these days,
• 28:49
  Speaker 1: and you.
• 28:50
  Speaker 2: Think that's changing the ability to have these honest conversations.
• 28:55
  Speaker 1: And a lot of this is coming from America. You know,
• 28:57
  Speaker 1: a friend of mine just won an election in America.
• 29:00
  Speaker 3: Might have heard of him.
• 29:01
  Speaker 1: He's doing quite well. And the Dei agenda, all this
• 29:05
  Speaker 1: match it's even.
• 29:06
  Speaker 2: It's washed across Australia in the same way as well.
• 29:09
  Speaker 2: He's got our corporates who are locked into this stuff
• 29:13
  Speaker 2: to take it out of their boardroom papers in a
• 29:16
  Speaker 2: way that if we'd been knocking on the door in
• 29:17
  Speaker 2: government I would never have done it. So on that point,
• 29:20
  Speaker 2: have we reached peak?
• 29:22
  Speaker 3: Wok Oh?
• 29:23
  Speaker 1: I think so yes. I mean there's clearly further ago.
• 29:27
  Speaker 1: Our health service is still full of it, our financial
• 29:29
  Speaker 1: services industry is still full of it. But the change
• 29:32
  Speaker 1: is coming. And generally what happens in America. Happens here.
• 29:36
  Speaker 1: We generally follow all the social trends from America. They
• 29:40
  Speaker 1: gave us woke, We gave them Prince Harry Bash at
• 29:42
  Speaker 1: least that was trying to get even. But no, it's coming.
• 29:47
  Speaker 1: There was a massive change coming in the corporate world
• 29:50
  Speaker 1: which will feed through to the public sector. But the
• 29:52
  Speaker 1: other sue that we've got to get right is immigration.
• 29:56
  Speaker 1: You know, and of course you know all through my
• 29:58
  Speaker 1: career talk about this. Who are called nasty names? So
• 30:02
  Speaker 1: everybody backs away and runs away. The numbers are extraordinary.
• 30:06
  Speaker 1: I mean from the nineteen forces until the turn of
• 30:09
  Speaker 1: the century, net migration into Britain averaged about thirty thousand
• 30:13
  Speaker 1: a year. Net migration in twenty twenty three is a million.
• 30:18
  Speaker 1: Just get some center perspective of what the last conservative
• 30:22
  Speaker 1: government did. We can blame labor for opening the doors,
• 30:26
  Speaker 1: but actually it's a conservative government that opened the doors
• 30:29
  Speaker 1: in a way that's astonishing. I know that.
• 30:31
  Speaker 3: And do you know who they are?
• 30:32
  Speaker 2: This is the thing too, they are with all the
• 30:35
  Speaker 2: security challenges, these people are coming in in a peaceful invasion.
• 30:39
  Speaker 1: Well you, of course, I mean slightly separate but linked.
• 30:42
  Speaker 1: You of course had the problem going back fifteen years
• 30:45
  Speaker 1: of the boats coming from Indonesia, something that mister Abbott
• 30:48
  Speaker 1: I think helped to turn around rather successfully. I mean
• 30:51
  Speaker 1: since Keir Starmer came to power. Twenty five thousand young
• 30:55
  Speaker 1: men across the English Channel, twenty five thousand men mostly
• 31:00
  Speaker 1: from Afghanistan, Syria, Iraq or Iran, all undocumented. All of
• 31:09
  Speaker 1: them throw their iPhones in the sea when they get
• 31:11
  Speaker 1: to twelve miles from our shores, chuck their passports in
• 31:14
  Speaker 1: the sea. I've actually been out of filmness, what is it?
• 31:17
  Speaker 3: This is issue about values too.
• 31:18
  Speaker 1: It's actually huge. There's a huge security threat and we
• 31:23
  Speaker 1: are beginning to see in Europe particularly more and more
• 31:29
  Speaker 1: of these young men committing crimes of the most heinous,
• 31:35
  Speaker 1: most astonishing nature. You've seen motor cars and what's the
• 31:38
  Speaker 1: point of banning knives if people drive cars into crowds?
• 31:42
  Speaker 2: So I want to ask you, because this will be
• 31:43
  Speaker 2: a feature of our campaign which is about start in Australia,
• 31:47
  Speaker 2: when the Prime Minister calls it that we have never
• 31:49
  Speaker 2: had before parties that identify as Muslim only, that are
• 31:54
  Speaker 2: trying to harvest Muslim votes to not at this stage
• 31:58
  Speaker 2: run candidates, but to influence, particularly the Labor left, so
• 32:02
  Speaker 2: they run very heavily on Gaza issues from the councils.
• 32:06
  Speaker 3: It's now though, in the Commons. How do you tackle
• 32:09
  Speaker 3: it here?
• 32:10
  Speaker 1: Sectarian voting. I've grown up seeing Northern Ireland with sectarian politics,
• 32:16
  Speaker 1: and you know, everyone forgets how awful Northern Ireland was
• 32:20
  Speaker 1: in the seventies, eighties and through the nineties. You know,
• 32:22
  Speaker 1: three and a half thousand people killed, thousands more maimed wounded.
• 32:27
  Speaker 1: This was sectarianism between kathlic and Protestant in Northern Ireland.
• 32:32
  Speaker 1: I never thought i'd see sectarian policies on the mainland.
• 32:36
  Speaker 1: I never thought we'd see in England, Scotland and Wales,
• 32:38
  Speaker 1: and now we are. And yes, they called themselves the
• 32:41
  Speaker 1: Gaza Independence but I've heard them in the House of
• 32:44
  Speaker 1: Commons because there were four of them got elected on
• 32:46
  Speaker 1: that ticket and a fifth Jeremy Corbyn, the former Labor leader,
• 32:49
  Speaker 1: who's kind of on that ticket as well, and I
• 32:52
  Speaker 1: listened to them in debates. They're apologists for blasphemy laws,
• 32:57
  Speaker 1: they are apologists for first cousin marriages. You can see
• 33:01
  Speaker 1: where this is going and it's very interesting. But the
• 33:06
  Speaker 1: left in British politics is becoming more divided than any
• 33:12
  Speaker 1: commentators realize. There are two factors. One is the pro
• 33:16
  Speaker 1: gaza independence, and if you look at the demography, the
• 33:20
  Speaker 1: sheer number of young Muslim teenagers living in northern cities
• 33:25
  Speaker 1: and towns who will be eligible to vote for the
• 33:28
  Speaker 1: time of the next general election, guards are independence next time.
• 33:31
  Speaker 1: Won't win four seats, they'll win thirty maybe forty, all
• 33:36
  Speaker 1: coming straight from a labor party. Labor will rue the
• 33:40
  Speaker 1: day they welcomed all of this stuff and encouraged all
• 33:43
  Speaker 1: this stuff. And the other element is the Green vote.
• 33:46
  Speaker 1: And the Green vote now is a solid seven to
• 33:49
  Speaker 1: eight percent in this country. It's not going anywhere because
• 33:53
  Speaker 1: there are people out there who, through the indoctrination of
• 33:56
  Speaker 1: the university system in particular, I think we're all going
• 33:59
  Speaker 1: to be dead by next third and we should all
• 34:01
  Speaker 1: never fly again, never own motor cars. I'm in a sad,
• 34:04
  Speaker 1: miserable life. Prove of drink this lot, I mean. And
• 34:09
  Speaker 1: they're not going anywhere either, and they're getting cleverer at
• 34:13
  Speaker 1: targeting their resources at winnable seats.
• 34:16
  Speaker 2: Who I've worked in polities, a lot of people don't
• 34:18
  Speaker 2: know the drudgery that's involved, so it's a bit cool
• 34:21
  Speaker 2: to come bing.
• 34:22
  Speaker 1: Well, not drudgery so much of it. It's never drudgery
• 34:24
  Speaker 1: with me, I can assure you, because it's always fun.
• 34:26
  Speaker 1: But no massive life commitment and probably the last big
• 34:30
  Speaker 1: decision professionally I'll ever make in my life. I'm seeing
• 34:34
  Speaker 1: the car, think here, why am I doing this? And
• 34:38
  Speaker 1: that was where it came to me. I'm doing it
• 34:39
  Speaker 1: because i care about the future of my family and
• 34:41
  Speaker 1: I'm worried about the decline we're in. I'm doing it
• 34:44
  Speaker 1: because I believe in community, and I'm doing it because
• 34:47
  Speaker 1: this is a country that has been a great country,
• 34:49
  Speaker 1: a world leader. This is the first time for one
• 34:52
  Speaker 1: hundred years we can actually genuinely change politics. And we're
• 34:55
  Speaker 1: not going to make any false promises to anybody about
• 34:58
  Speaker 1: what we can do. We can turn this country around.
• 35:02
  Speaker 2: Well, you're resonating with Australians. A lot of what you
• 35:04
  Speaker 2: said would resonate in terms of our politics as much
• 35:07
  Speaker 2: as your personality does.
• 35:08
  Speaker 3: So we wish you all the best night of fright.
• 35:10
  Speaker 1: Thank you.
• 35:13
  Speaker 2: Here's such an interesting man, such an interesting interesting man,
• 35:17
  Speaker 2: and so full of insights.
• 35:19
  Speaker 3: There a lot of facts and figures too. There's a
• 35:21
  Speaker 3: full interview, a lot.
• 35:22
  Speaker 2: More we talked about and you can watch it on
• 35:24
  Speaker 2: Sky News dot com dot au right after the break
• 35:26
  Speaker 2: Inside one Nation's decision. Some of the is to try
• 35:29
  Speaker 2: and recruit former National Party leader Barnaby Joyce to the party.
• 35:33
  Speaker 3: James Ashby has got a bit of a tell.
• 35:34
  Speaker 2: All ask the woke new question now confirmed to be
• 35:37
  Speaker 2: on our census in twenty twenty six.
• 35:44
  Speaker 8: Welcome back to Steve Price. We there're still to come now.
• 35:46
  Speaker 8: Election speculation is mounting as we know. So when is
• 35:49
  Speaker 8: the Prime Minister likely to call it and what does
• 35:51
  Speaker 8: that mean for polling day the date Australian's Paul Kelly
• 35:55
  Speaker 8: is live in London with Peter that'll be up very
• 35:58
  Speaker 8: shortly now with that decision and the date drawing closer
• 36:01
  Speaker 8: as every day passes, cost of living friendly policy, I
• 36:04
  Speaker 8: reckon it's going to be really important. I think Peter
• 36:07
  Speaker 8: Dutton has struck some gold here with his promise to
• 36:10
  Speaker 8: get stuck in the insurance industry. Of all the cash
• 36:13
  Speaker 8: pressure we have on families house car insurance on top
• 36:17
  Speaker 8: of the mortgage, petrol, food and of course increasing energy costs.
• 36:22
  Speaker 8: Despite the Government during the last election making those promises,
• 36:25
  Speaker 8: some of the hardest to bear insurance. A friend of
• 36:28
  Speaker 8: mine with the twenty year old Subaru worth at best
• 36:30
  Speaker 8: four grand is paying sixty dollars a month when she
• 36:34
  Speaker 8: inquired about swapping. Insurers had gone up to ninety dollars
• 36:37
  Speaker 8: a month. So I think Peter Dutton has got the
• 36:40
  Speaker 8: sort of policy that wins elections. Join him in our
• 36:42
  Speaker 8: panel to discuss Liberal MP James Stevens. One Nation chief
• 36:46
  Speaker 8: of Staff James Ashby. Now, the Dutton idea is to
• 36:50
  Speaker 8: ramp up pressure on these companies the seat of Sturt
• 36:55
  Speaker 8: where you are. I grew up in that area. This
• 36:58
  Speaker 8: would appeal James to both ends of the demographics in
• 37:03
  Speaker 8: your electric wouldn't it.
• 37:07
  Speaker 2: Look spot on? Steve?
• 37:08
  Speaker 11: I mean this is Peter Dutton sending a really clear
• 37:10
  Speaker 11: message that he's on the side of ossie families and
• 37:14
  Speaker 11: ossie businesses when required, against the big corporates. And I
• 37:18
  Speaker 11: think we've heard a lot of horror stories about what
• 37:21
  Speaker 11: the insurance industry can get up to at times, and
• 37:23
  Speaker 11: I think people will strongly welcome Peter Dutton saying hey,
• 37:27
  Speaker 11: you better be careful because if you're doing the wrong thing,
• 37:29
  Speaker 11: we'll be making necessary changes to put that to an end.
• 37:34
  Speaker 8: Yeah, And as kids buying their first car and people
• 37:37
  Speaker 8: perhaps trading up to the lastcar they have. I mean
• 37:40
  Speaker 8: it's a no brainer.
• 37:41
  Speaker 10: James.
• 37:42
  Speaker 8: I reckon, James Ashby, I reckon Queensland is climing out
• 37:45
  Speaker 8: for insurance, be relief. We've seen how many Queenslanders can't
• 37:49
  Speaker 8: even get insurance because of floods and cyclones.
• 37:54
  Speaker 12: Well, it seems to go against the liberal convention of
• 37:57
  Speaker 12: free market here. However, I think there are other levers
• 38:00
  Speaker 12: that can be pulled. I know one nation of being
• 38:02
  Speaker 12: poorly on government both state and federal, to drop their taxes,
• 38:06
  Speaker 12: drop the nine percent stamp duty in Queensland and in
• 38:08
  Speaker 12: states right across the country, and drop the ten percent GST.
• 38:12
  Speaker 12: You haven't been provided in effect of service on your
• 38:15
  Speaker 12: insurance unless you make a claim. So you've been charged
• 38:18
  Speaker 12: ten percent on the actual premium, and that if you
• 38:21
  Speaker 12: do make a claim, you charge ten percent on any
• 38:23
  Speaker 12: of the fixed up job, whether it be to your
• 38:25
  Speaker 12: car or your house. So there are other mechanisms that
• 38:28
  Speaker 12: can be used here. Twenty percent could be carved up
• 38:30
  Speaker 12: like that if government want to remove the taxes.
• 38:35
  Speaker 8: James Stevens. We just saw Peter Kredlin there talking to
• 38:38
  Speaker 8: Nigel Faraj talking about how woke Britain has become. The
• 38:42
  Speaker 8: Australian Bureau of Stats has now confirmed that next year,
• 38:45
  Speaker 8: when all of us are asked to record our senses,
• 38:48
  Speaker 8: to tick all the right boxes, you you tick sex
• 38:51
  Speaker 8: recorded at birth, so I'll put mail. We've got new
• 38:54
  Speaker 8: questions now though, asking sixteen year olds and older what
• 38:58
  Speaker 8: their sexual orientation in gender is that they would.
• 39:01
  Speaker 1: Like to choose.
• 39:06
  Speaker 11: Yeah, Steve, I've lost track of all this stuff, to
• 39:07
  Speaker 11: be honest, I mean, there are two genders, male and female.
• 39:12
  Speaker 11: I don't know why it is that we're having these
• 39:15
  Speaker 11: endless debates about this, and I think a lot of
• 39:18
  Speaker 11: Australians are going to become really confused and it's potentially
• 39:22
  Speaker 11: going to affect the census. There was a time they
• 39:24
  Speaker 11: wanted to put Jedi night down as a religious option,
• 39:28
  Speaker 11: and I just think let's keep things nice and straightforward
• 39:32
  Speaker 11: and simple. There are two genders, male and female, no
• 39:35
  Speaker 11: question about it.
• 39:38
  Speaker 8: James Ashbury. I mean the Labor Party seems a bit
• 39:41
  Speaker 8: flip floppy on this. I mean at one point they said, okay,
• 39:44
  Speaker 8: we won't have that in the census. It now seems
• 39:46
  Speaker 8: that if they re elected they will be there. I
• 39:48
  Speaker 8: presume that you would not be in favor of people
• 39:52
  Speaker 8: answering that question on a government form.
• 39:57
  Speaker 12: Well, what's the point, Steve. You know we're asking people
• 39:59
  Speaker 12: to just identify as male or FEMA. Apart from that,
• 40:02
  Speaker 12: I don't know. I had no interest in knowing whether
• 40:05
  Speaker 12: you're in a same sex relationship or a heterosexual relationship
• 40:08
  Speaker 12: or one with your donkey. I don't care. It shouldn't
• 40:11
  Speaker 12: be on the census. Hopefully after this election we can
• 40:13
  Speaker 12: get it cleared up and just remove them for the
• 40:16
  Speaker 12: sake of every household.
• 40:19
  Speaker 8: James Ashby, speaking about clearing things up, you're trying to
• 40:21
  Speaker 8: recruit Nationals front bench of Barnaby Joyce that's been reported.
• 40:25
  Speaker 8: Is that right?
• 40:28
  Speaker 12: Well, look, as everyone's aware, last year there was a
• 40:31
  Speaker 12: mishap with Barnaby and Canberra. We certainly reached out to
• 40:34
  Speaker 12: him after his own party had more or less made
• 40:37
  Speaker 12: approaches to him, and I'm talking senior members of the
• 40:40
  Speaker 12: coalition and said Barnaby, it's time for you to go.
• 40:43
  Speaker 12: When we knew that, we said, well, we'll go and
• 40:45
  Speaker 12: make the offer to Barnaby. To his credit, he said, look,
• 40:48
  Speaker 12: I'm staying loyal to the National Party despite them going
• 40:52
  Speaker 12: next zero, and I know that sort of rubs a
• 40:54
  Speaker 12: number of those National parties up the wrong way. But
• 40:57
  Speaker 12: he has remained loyal to the National Party despite also
• 40:59
  Speaker 12: not being the leader. So look good on Barnaby for
• 41:03
  Speaker 12: being loyal to his party. But look if they ever
• 41:05
  Speaker 12: want to get rid of him, one Nation more than
• 41:07
  Speaker 12: open to having those discussions with him to certainly come
• 41:09
  Speaker 12: over to us.
• 41:11
  Speaker 10: JA.
• 41:12
  Speaker 8: I'd love your job, James Ashby, if you had to
• 41:15
  Speaker 8: work for Pauline Hanson and Barnaby Joyce, how's that going
• 41:18
  Speaker 8: to go? How do they get on.
• 41:22
  Speaker 12: Really well? You know, there's been a number of functions.
• 41:24
  Speaker 12: They're both some of the best retail politicians we've got
• 41:27
  Speaker 12: in the country. I've seen them at events like seapack
• 41:30
  Speaker 12: Commands huge money as a joint effort to raise money
• 41:34
  Speaker 12: for that organization and others for charity. So you know
• 41:38
  Speaker 12: these two have got a good working relationship. Yeah, they're
• 41:41
  Speaker 12: strong willed, but ones in the Senate one's in the
• 41:43
  Speaker 12: lower House. I think it had worked very well, particularly
• 41:45
  Speaker 12: in a hung parliament. So I don't think this is
• 41:47
  Speaker 12: the election where Peter Dutton or David Little Proud want
• 41:50
  Speaker 12: to suggest that Barnaby Joyce goes and retires or goes
• 41:56
  Speaker 12: and joins another party. I think they'd be silly, given
• 41:58
  Speaker 12: the fact they need so many seats to form government
• 42:00
  Speaker 12: and their own right.
• 42:03
  Speaker 8: James Stevens, James Ashby, thank you for that. And I
• 42:05
  Speaker 8: think the idea of locking Barnaby up during the election
• 42:07
  Speaker 8: campaign is absolutely crazy. Now coming up after the break
• 42:10
  Speaker 8: back to London, where Peter will be joined by The
• 42:12
  Speaker 8: Australians editor at Large Paul Kelly.
• 42:19
  Speaker 3: Welcome back. We'll after the rate cut today.
• 42:20
  Speaker 2: Election speculation mounting, some predicting the election could be called
• 42:24
  Speaker 2: as early as this weekend, though I sort of suspect
• 42:28
  Speaker 2: it'll be the day after the WA election, meaning as
• 42:30
  Speaker 2: I've said for months and months, there will be no
• 42:33
  Speaker 2: labor budget. Then on the twenty fifth of March. Now
• 42:36
  Speaker 2: what's that mean for a date for the election when
• 42:40
  Speaker 2: you actually have to vote. I think the general consensus
• 42:42
  Speaker 2: now seems to be Saturday.
• 42:44
  Speaker 3: The twelfth of April.
• 42:45
  Speaker 2: Join me how to discuss all of this and more
• 42:47
  Speaker 2: of the Australians editor at large Paul Kelly, who's with
• 42:50
  Speaker 2: me in London.
• 42:51
  Speaker 3: Paul, great to have you in the studio here in London.
• 42:54
  Speaker 3: Great to have your company.
• 42:55
  Speaker 2: Hey, with this rate cut today, a lot of labor
• 42:58
  Speaker 2: hard heads were hanging on this to get them some
• 43:00
  Speaker 2: momentum to get into an election campaign.
• 43:03
  Speaker 3: Where do you think it sits in terms of bearing
• 43:05
  Speaker 3: on election date? More importantly, perhaps narratives.
• 43:09
  Speaker 10: Great to be with you, Peter. This was the interest
• 43:12
  Speaker 10: rate cut the government desperately needed, and Anthony Albanisi and
• 43:16
  Speaker 10: Jim Charmers will now argue, Hey, our policies are working.
• 43:20
  Speaker 10: The worst is over. And I think what this means
• 43:24
  Speaker 10: is that the Prime Minister will be less inclined now
• 43:26
  Speaker 10: to wait till May. Clearly he's got momentum off the
• 43:30
  Speaker 10: back of this. We need to be careful about this though,
• 43:33
  Speaker 10: because while it means for an average mortgage holder they're
• 43:37
  Speaker 10: better off to the tune of about eighty or ninety
• 43:40
  Speaker 10: dollars a month, the bank has been very cautious, so
• 43:44
  Speaker 10: inflation is not beaten. The Bank has not declared victory
• 43:48
  Speaker 10: over inflation. The cost of living crisis is still there.
• 43:52
  Speaker 10: Peter Dutton will still be able to argue that people
• 43:55
  Speaker 10: are worse off today than when Labour took office. So
• 43:59
  Speaker 10: it's a fine Madge, and here it helps the government,
• 44:02
  Speaker 10: but it doesn't transform politics.
• 44:04
  Speaker 2: So it doesn't say to them necessarily. I think they
• 44:06
  Speaker 2: were looking forget out a jail cut. So the Pea
• 44:09
  Speaker 2: let's say go, it goes ahead and calls the election.
• 44:12
  Speaker 2: He's starting a long way behind Paul. I mean, the
• 44:14
  Speaker 2: trends there have been stating for a long time. He
• 44:18
  Speaker 2: has not had much sunshine in his personal ratings or
• 44:21
  Speaker 2: his party ratings. Tell me where you think he sits
• 44:24
  Speaker 2: going into the campaign. How does he turn it around?
• 44:27
  Speaker 10: Albanzi has got to turn the trend around. There's no
• 44:30
  Speaker 10: question about that now. I think if you look at
• 44:32
  Speaker 10: the polls at the moment, it's tight. It's going to
• 44:35
  Speaker 10: be a close election. But I still think based on
• 44:37
  Speaker 10: the current polls it points to a minority Albanesi government.
• 44:43
  Speaker 10: I think at this stage there's probably seventy five or
• 44:46
  Speaker 10: eighty percent probability there will be a minority government. Now
• 44:50
  Speaker 10: that is a very very big event. I think what
• 44:55
  Speaker 10: Peter Dutton has got to do. Peter Dutton has got
• 44:58
  Speaker 10: to demonstrate during the course of the CA campaign that
• 45:01
  Speaker 10: he can actually deliver in terms of a better performance
• 45:04
  Speaker 10: on cost of living, in terms of better economic management.
• 45:08
  Speaker 10: He's got to build up the credibility and economic strength
• 45:12
  Speaker 10: of his own side. So far, Dutton's been really effective
• 45:15
  Speaker 10: in attacking the Albanesi government. What the Prime Minister's got
• 45:19
  Speaker 10: to do is he's got to take this momentum and
• 45:22
  Speaker 10: he's got to be able to argue now Labor has
• 45:26
  Speaker 10: got a better economic policy, a better economic management prospect
• 45:31
  Speaker 10: for the future than do the Liberals. Albanese will run
• 45:34
  Speaker 10: a very negative campaign against Dutton. He's waiting for Dutton's
• 45:39
  Speaker 10: full economic policies and essentially what he's going to do.
• 45:43
  Speaker 10: If Dutton goes cautious, Albanesi will say, well, he's not
• 45:48
  Speaker 10: going to make much difference anyway. If Dutton goes bold,
• 45:52
  Speaker 10: then that gives Albanesi a much bigger target to hit.
• 45:56
  Speaker 3: He doesn't have much of a record though, to run on.
• 45:58
  Speaker 2: I mean, if you're a first term prime minute and
• 46:00
  Speaker 2: you're running on a scare campaign against your opponent and
• 46:04
  Speaker 2: not on what you've been able to deliver in that
• 46:07
  Speaker 2: time you've had the job, that's that's that's tough.
• 46:11
  Speaker 10: It is tough, and essentially Alberanese is going to be
• 46:15
  Speaker 10: forced back to the argument that things would be worse
• 46:19
  Speaker 10: under the Liberals than that He's worse, well, exactly exactly.
• 46:23
  Speaker 10: I mean it's going to be that sort of election campaign.
• 46:26
  Speaker 10: And the point to make, of course is that the
• 46:29
  Speaker 10: mood of the public here is to a certain extent
• 46:32
  Speaker 10: disenchantment with both sides of politics. So I think the
• 46:37
  Speaker 10: task for Alberanizi though, is he's got to prove himself
• 46:40
  Speaker 10: to be an effective campaigner. Now his personal performance as
• 46:44
  Speaker 10: Prime Minister over the past nine has not been good.
• 46:49
  Speaker 10: He's got to lift his performance during the campaign proper.
• 46:52
  Speaker 10: If he can't do that, the risk is the trend
• 46:55
  Speaker 10: continues to Peter Dutton and that gives Dutton a chance
• 46:58
  Speaker 10: of victory. But the problem for Dutton is are we
• 47:03
  Speaker 10: going to have if he wins a minority Dutton government
• 47:06
  Speaker 10: or Ken Dutton win in his own right. I think
• 47:09
  Speaker 10: it's going to be very hard for Peter Dutton to win.
• 47:12
  Speaker 2: In his own right, and he's got the challenge of
• 47:14
  Speaker 2: course at the cross bench predominantly to the left, much
• 47:17
  Speaker 2: harder for him to negotiate with.
• 47:19
  Speaker 3: Are Australians scared of a hung parliament? Is that going
• 47:22
  Speaker 3: to say? Votes back to the two majors? Do you think, Paul?
• 47:26
  Speaker 10: Look, I think opinion is divided about that simply because
• 47:29
  Speaker 10: there's a lot of disillusionment with the major parties. I
• 47:32
  Speaker 10: think a lot of the electric think, well, I'm happy
• 47:35
  Speaker 10: to vote for an independent. I'm happy to vote for
• 47:38
  Speaker 10: a minor party means chaos, well, to shake up the system.
• 47:42
  Speaker 10: So that's one school of thought. I think there's the
• 47:44
  Speaker 10: other school of thought, which thinks, well, we've got to
• 47:47
  Speaker 10: stick with the major parties. I want stability in government.
• 47:51
  Speaker 10: I want one or the other parties to govern. But
• 47:54
  Speaker 10: the fact of the matter is this could be a
• 47:56
  Speaker 10: turning point election. If we end up after just one
• 47:59
  Speaker 10: term of labor with a minority government, that might suggest
• 48:04
  Speaker 10: that we face the prospect of quite a lot of
• 48:07
  Speaker 10: governing instability in the future, and perhaps more minority governments
• 48:11
  Speaker 10: down the track. I'll make one speculative prediction for you, Peter,
• 48:17
  Speaker 10: and that is, if we have a minority government after
• 48:21
  Speaker 10: the next election, whether it's an Albanesi minority government or
• 48:24
  Speaker 10: a Dutton minority government, there is a curse on minority governments.
• 48:29
  Speaker 10: It will be very hard for that minority government to
• 48:32
  Speaker 10: be re elected at the subsequent election.
• 48:36
  Speaker 3: You have it, Thank you, Paul Kelly.
• 48:38
  Speaker 2: We will remember twenty ten that election named that a
• 48:40
  Speaker 2: hung parliament with horror. That's it for me. I'll join
• 48:43
  Speaker 2: you tomorrow night from London again. But here, right now
• 48:45
  Speaker 2: is Andrewbot.