Ryan Bridge: The waiting game continues for the economy

Early Edition with Ryan Bridge · Sep 18, 2025 · 1m · transcript

Has Nicola Willis failed on growth in her year of growth?

So far, yes.

We’ve gone nowhere in six months - Q2 basically wiped out Q1.

Should she resign?

No.

Why? Trump’s tariffs. Nobody saw them coming. Markets thought he was bluffing, a negotiation tactic. Until he wasn’t.

Businesses and Mums and Dads sat on their cash to wait it out - a reasonable response to an uncertain future.

Should she borrow and spend more? She can’t. It’d be political sacrilege for a party elected to do the opposite.

Besides, she’s already borrowing Robertson-level cash. The interest tab’s nearing $10 billion and…