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Simon Arcus: Business Central CEO on what Wellington needs from the Government's budget · Best of Business

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  Speaker 1: You're listening to a podcast from News Talk zed B.
• 0:12
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  Speaker 2: No, let's talk more about the budget now. So it
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  Speaker 2: will be a highest spending of any government in history.
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  Speaker 2: Borrowing is still high. Minister's going to have to make cuts.
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  Speaker 2: We don't quite know. We're from Business Central CEO Simon
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  Speaker 2: Arcis with me this morning. Simon, good morning, good morning. Right,
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  Speaker 2: very well, Now you're in Wellington. Where would you yes,
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  Speaker 2: where would you cut? Where's the fat?
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  Speaker 3: Look, there isn't much, shan and I think that's the
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  Speaker 3: type wrote the government's walking. How do you How do
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  Speaker 3: you balance some firstal restraints that you know, not spending
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  Speaker 3: with the reality of needing to boost the economy. It's
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  Speaker 3: a really difficult question. And as you say, a lot
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  Speaker 3: of budgets, big headline items are known, so I'm not
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  Speaker 3: quite sure. Wellington certainly has had public sector cuts of course,
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  Speaker 3: and suffered as a consequence of that. So let's hope
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  Speaker 3: there's not too much more that space could well be there.
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  Speaker 2: Yeah, it's interesting. It's an interesting place for Wellington to
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  Speaker 2: be right as the rest of the country is going. Ah,
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  Speaker 2: just cut them, slash them, burn them and you and
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  Speaker 2: the businesses in Wellington are actually the ones that feel
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  Speaker 2: that right.
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  Speaker 3: Well absolutely, what's really interesting about the direct government spinning
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  Speaker 3: into Wellington accounts for about twelve percent of the GDP,
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  Speaker 3: and while that doesn't sound like a huge amount, that's
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  Speaker 3: before you've got all the extra professional services, support services.
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  Speaker 3: Where a civil servant goes and buys a a sandwich
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  Speaker 3: at once. It's a big impact. And if you compared
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  Speaker 3: to the rest of the country, that's only about four percent,
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  Speaker 3: so it's a big It is a big chunk of
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  Speaker 3: our economy and I think that's what's really made it
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  Speaker 3: tough in the recent times.
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  Speaker 2: Infrastructure Simon, we're hearing about plans, we're hearing about cash.
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  Speaker 2: Is anyone actually seen any money yet?
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  Speaker 3: One of the things that is a concern is infrastructure
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  Speaker 3: certainly is high on the agenda, but we need to
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  Speaker 3: see that stuff starting. We need to see the green
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  Speaker 3: gow button with a lot of that and that's a
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  Speaker 3: big thing for Wellington. And of course the other thing
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  Speaker 3: that is a little bit of a bright spot is
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  Speaker 3: probably the film spend and credit of crewdive industry. Something
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  Speaker 3: that down here will have an impact too.
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  Speaker 2: Hey, what a business is thing. If if she was
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  Speaker 2: to come out on Thursday, Nichola Willison say I want
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  Speaker 2: you to increase your employee can we save a contribution?
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  Speaker 2: What do you reckon businesses would.
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  Speaker 3: Say, well, I think I think this is really interesting
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  Speaker 3: and a lot of the government. If you think about
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  Speaker 3: fiscal restraint but wanting to boost the economy. If you
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  Speaker 3: think about questions around HEV Saver, you say we business
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  Speaker 3: largely would the trajectory, but the then individual businesses or
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  Speaker 3: the impact on businesses as the as the days and
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  Speaker 3: weeks go on has been really tough. I think I
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  Speaker 3: think employer contribution to HEV savers something got to look
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  Speaker 3: at and we've got to look at how to make
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  Speaker 3: sure that in the future people will be more secure
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  Speaker 3: in their retirement and less dependent on the government.
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  Speaker 2: Simon, I appreciate your time this morning. Thank you very much.
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  Speaker 2: Simon Arkis, who is with us from Wellington Business Central CEO.
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