Latest / The Kenny Report / The Kenny Report | 22 June

Transcript

The Kenny Report | 22 June · The Kenny Report

• 0:00
  Speaker 1: Line from the Sky New Center. This is the Kenny Report.
• 0:06
  Speaker 2: Thanks for joining me for another week here on the Kenny.
• 0:08
  Speaker 3: Report, the tax debate in Canberra and Labour's double standards
• 0:12
  Speaker 3: on billionaires and political donations mean while the Treasurer Jim
• 0:17
  Speaker 3: Chalmers turns his back on some of the nation's sharpest
• 0:20
  Speaker 3: economic commentators, what's he so worried about? Angus Taylor has
• 0:25
  Speaker 3: a tough job, but he's got to stop criticizing one
• 0:28
  Speaker 3: nation and focus on the big issues and what Labor's
• 0:31
  Speaker 3: doing to this country. Also Esther Kraku on the UK
• 0:35
  Speaker 3: Prime Minister as a dead man walking. Now his likely
• 0:38
  Speaker 3: successor is back in Parliament to haunt him.
• 0:41
  Speaker 2: And how about this.
• 0:44
  Speaker 4: I really truly believe this. We each have late inside
• 0:48
  Speaker 4: of us.
• 0:49
  Speaker 3: With the panel, I'll see if Jemma and Caroline can
• 0:52
  Speaker 3: translate Kumala's latest word salad.
• 0:56
  Speaker 2: Let's get into it.
• 1:00
  Speaker 3: As if you need any reminding, the Federal Labor Government
• 1:03
  Speaker 3: and of course it's leader Anthony Albanezi, are not just
• 1:07
  Speaker 3: peddlars of election promises.
• 1:09
  Speaker 2: They have no intention of keeping.
• 1:11
  Speaker 3: Fire, the liar and all of that, but they're also
• 1:14
  Speaker 3: rank hypocrites. We can't stop pointing this out and trying
• 1:18
  Speaker 3: to hold them to account. And the latest example relates
• 1:22
  Speaker 3: to political donations and billionaires. Labour can't stand the fact
• 1:27
  Speaker 3: that Pauline Hanson and One Nation were gifted a light
• 1:30
  Speaker 3: aircraft to help them campaign around the country. It's effectively
• 1:34
  Speaker 3: a one and a half million dollar political donation from
• 1:37
  Speaker 3: Australia's richest resource magnate, Gina Reinhardt, who makes no secret
• 1:42
  Speaker 3: of her support for One Nation.
• 1:44
  Speaker 2: Now, I reckon this is the.
• 1:46
  Speaker 3: Very model of how political donations should happen, because it
• 1:49
  Speaker 3: was made public in real time. I'm all in favor
• 1:53
  Speaker 3: of donations as long as they're transparent and the sooner
• 1:56
  Speaker 3: the better. Anyway, none of that is good enough for
• 2:00
  Speaker 3: our boat here he was yesterday.
• 2:03
  Speaker 5: One Nation pretend that they stand for battlers whilst getting
• 2:10
  Speaker 5: planes given to them by Australia's richest person, while receiving
• 2:14
  Speaker 5: donations from some of the very wealthiest.
• 2:18
  Speaker 3: People billionaires and some of the wealthiest people a well.
• 2:24
  Speaker 3: Labor pretends to stand for working families while they break promises,
• 2:29
  Speaker 3: increase taxes and keep up wild spending that pushes inflation
• 2:34
  Speaker 3: and interest rates up. But guess what Labor also puts
• 2:39
  Speaker 3: its hand out to billionaires and the nation's wealthiest people.
• 2:44
  Speaker 3: Not only does it take millions of dollars indirectly from
• 2:47
  Speaker 3: workers through union donations, but official disclosures show that billionaire
• 2:52
  Speaker 3: packaging moguls the Pratt family have donated two lots of
• 2:57
  Speaker 3: a million dollars. That's more than a light aircraft right there.
• 3:01
  Speaker 3: Then there's the transport billionaire Lindsay Fox. His companies have
• 3:05
  Speaker 3: donated half a million here, ten grand there, and twenty
• 3:10
  Speaker 3: seven and a half thousand dollars over there. And let's
• 3:13
  Speaker 3: not forget the Channel seven mining and industrial billionaire Kerry Stakes.
• 3:18
  Speaker 3: His Australian capital equity entity tipped in a couple of
• 3:21
  Speaker 3: one hundred thousand dollars to labor last year alone, and
• 3:25
  Speaker 3: believe me, the list of donors goes on. So what
• 3:30
  Speaker 3: was that about the Party of Workers and taking money
• 3:33
  Speaker 3: from billionaires and the wealthiest people. The fact is Albo
• 3:38
  Speaker 3: is a hypocrite on this, like so many other issues.
• 3:42
  Speaker 3: His beloved Labor Party takes money from workers through the unions,
• 3:47
  Speaker 3: it takes huge donations from billionaires, wealthy individuals and businesses,
• 3:52
  Speaker 3: and his government likes to take money from you with
• 3:56
  Speaker 3: tax increases he promised never to impose if the Left
• 4:01
  Speaker 3: didn't have double standards.
• 4:03
  Speaker 2: That have none at all.
• 4:08
  Speaker 3: With weekend real estate results showing more than half of
• 4:11
  Speaker 3: all auctions failed, there are clear signs the property market
• 4:15
  Speaker 3: is already in decline.
• 4:16
  Speaker 2: And in Parliament today.
• 4:18
  Speaker 3: The Opposition zeroed in on Labour's negative gearing and capital
• 4:21
  Speaker 3: gains tax changes.
• 4:24
  Speaker 6: My question is to the Prime Minister, can the Prime
• 4:26
  Speaker 6: Minister confirm that Australia will have the highest tax rate
• 4:31
  Speaker 6: on real capital gains in the world.
• 4:35
  Speaker 3: The PM handed that one over to the Treasurer. For
• 4:37
  Speaker 3: him not to answer.
• 4:40
  Speaker 7: Comparing tax rates on real and nominal gains is deliberately
• 4:45
  Speaker 7: disingenuous from those others.
• 4:47
  Speaker 6: To answer the question, he needs to name just one country,
• 4:51
  Speaker 6: only one country.
• 4:54
  Speaker 3: Labor couldn't, of course, and the phony debate continued as
• 4:58
  Speaker 3: the Treasurer continues to you argue his case. There are
• 5:01
  Speaker 3: many audiences he never speaks to, many journalists he won't
• 5:06
  Speaker 3: join for interviews.
• 5:08
  Speaker 2: One of those is.
• 5:09
  Speaker 3: Our own business editor and host of Business Now, Ross Greenwood,
• 5:12
  Speaker 3: and on his Business Weekend program yesterday, Ross dilved into this,
• 5:17
  Speaker 3: starting with a reprise of his Treasurer's debate from last
• 5:21
  Speaker 3: year's election campaign.
• 5:23
  Speaker 1: The things that they say, you're brilliant detail, you are
• 5:26
  Speaker 1: a very hard worker, extremely hard.
• 5:28
  Speaker 2: Your staff work hard as well. The one thing they say.
• 5:31
  Speaker 1: Is you've got a bit of a glass jaw that
• 5:33
  Speaker 1: you don't cop criticism.
• 5:34
  Speaker 2: Well, I would you say that.
• 5:38
  Speaker 7: I think over time I've learned to understand that you
• 5:41
  Speaker 7: take the good with the bad, and I try and.
• 5:44
  Speaker 2: Dig get a bit grumpy sometimes or not.
• 5:46
  Speaker 7: I think everyone gets grumpy sometimes, but I don't think
• 5:49
  Speaker 7: I'll get grumpy about that necessarily.
• 5:53
  Speaker 1: Well, we haven't spoken to him in fourty months. We
• 5:55
  Speaker 1: don't know whether he's grumpy with us or not. But look,
• 5:57
  Speaker 1: we're in good company being put in the freezer by
• 5:59
  Speaker 1: the treasure The economics editor at the Australian Financial Review,
• 6:03
  Speaker 1: John Keho, and The Australian's economics correspondent Matthew Cranston have
• 6:07
  Speaker 1: experienced much the same thing and they both join me now.
• 6:11
  Speaker 2: John's at our campus studio.
• 6:12
  Speaker 1: Matthew here in Sydney.
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  Speaker 2: John, I'll start with you.
• 6:15
  Speaker 1: When do you reckon you're put in the freezer either Treasurer.
• 6:20
  Speaker 8: Probably about four years ago when they first came to government.
• 6:23
  Speaker 8: Ross I mean I've probably been a regular constructive critic
• 6:26
  Speaker 8: of the government's economic policy. If I'm being completely frank
• 6:29
  Speaker 8: with you, look, I want them to succeed as a
• 6:32
  Speaker 8: successful economic government, like Howard and Costello, like Cork and Keating.
• 6:38
  Speaker 8: I'd really love to be barracking for the stuff they're doing,
• 6:41
  Speaker 8: to be completely frank with you, and if they were
• 6:44
  Speaker 8: doing more good stuff, I'd be giving them a big,
• 6:46
  Speaker 8: big pat on the back.
• 6:47
  Speaker 1: Matthew, you also are in the freezer, but your coverage
• 6:51
  Speaker 1: at the Australian also is analyzing it, sometimes criticizing it.
• 6:55
  Speaker 2: When do your sense that you were put in the freezer?
• 6:58
  Speaker 9: Ross, probably when I got back from America, I started
• 7:01
  Speaker 9: to realize the unrealized capital gains tax was a bit
• 7:05
  Speaker 9: of a problem frustrata if that was pushing through. So
• 7:10
  Speaker 9: I think that's when reheating, well not reheating, but reprosecuting
• 7:14
  Speaker 9: that case of not having the unrealized capital gains tax,
• 7:18
  Speaker 9: I think really started to put me offside with the
• 7:21
  Speaker 9: Treasurer's officers.
• 7:23
  Speaker 3: So there you go, three senior business and economics reporters
• 7:28
  Speaker 3: who charmers avoids. These three experts are not partisan players,
• 7:34
  Speaker 3: they're not ideological warriors. What unites them, as well as
• 7:38
  Speaker 3: the fact the Treasurer won't speak to them, is that
• 7:41
  Speaker 3: they're economically literate. They offer informed criticism of the government's policies,
• 7:46
  Speaker 3: especially its inability to control record spending. What does it
• 7:51
  Speaker 3: say about Charmers and his economic policies that he won't
• 7:55
  Speaker 3: discuss them with informed commentators? Of course, won't turn up
• 8:01
  Speaker 3: on this program either, despite despite one's ringing me to
• 8:04
  Speaker 3: tell me that I was right to criticize him.
• 8:07
  Speaker 2: For not appearing here.
• 8:09
  Speaker 3: If you're confident of your policies and your arguments, you'd
• 8:13
  Speaker 3: be happy to discuss them with people who know what
• 8:16
  Speaker 3: they're talking about. Now, one nation's rise continues with you
• 8:23
  Speaker 3: modeling predicting it'll win sixty seats or more at the
• 8:26
  Speaker 3: next federal election. But most of those seats, of course,
• 8:29
  Speaker 3: would come from the Coalition, leaving Labor in power. This
• 8:33
  Speaker 3: is a huge challenge for the Coalition and I don't
• 8:35
  Speaker 3: think they're handling it well. I criticized Angus Taylor last
• 8:39
  Speaker 3: week because instead of using Pauline Hanson's blunt talk on immigration,
• 8:44
  Speaker 3: Islamist extremism and zero, instead of using that as a
• 8:47
  Speaker 3: springboard to highlight his own strong policies on those issues.
• 8:52
  Speaker 2: He attacked One Nation.
• 8:54
  Speaker 6: If she wants to judge people based on the color
• 8:58
  Speaker 6: of their skin or their race, One Nation needs to
• 9:02
  Speaker 6: explain that.
• 9:03
  Speaker 10: Now.
• 9:04
  Speaker 3: There's no need to criticize One Nation, and that's not
• 9:06
  Speaker 3: what Pauline Hansen said anyway. The Coalition's job is to
• 9:09
  Speaker 3: criticize the government and promise a better plan. Taylor has
• 9:14
  Speaker 3: a strong policy now on immigration, and he needs to
• 9:18
  Speaker 3: be stronger against Islamist extremism, and he's acxed net zero,
• 9:22
  Speaker 3: but needs to be stronger on those issues too. He
• 9:25
  Speaker 3: should embrace the debate on these issues, not nitpick with
• 9:29
  Speaker 3: One Nation, but tell Australians he has the best plan
• 9:34
  Speaker 3: to fix the nation. If he does, over time, people
• 9:38
  Speaker 3: on the right will drift back to the Coalition, especially
• 9:42
  Speaker 3: as we approach the election, if the Coalition can convince
• 9:45
  Speaker 3: people that they're strong and committed and better able to
• 9:50
  Speaker 3: deliver in government than One Nation instead. We've now got
• 9:55
  Speaker 3: Taylor off on side issues.
• 9:58
  Speaker 6: Well, you might be wondering why I'm sitting a horse,
• 10:00
  Speaker 6: but this is what I grew up with here on
• 10:02
  Speaker 6: the edge of the snowy mountains, riding through these mountains,
• 10:06
  Speaker 6: seeing Brumbies and they're under threat right now. I'm opposed
• 10:09
  Speaker 6: to this BRUMBI cul I'm supporting the Brumbies and I
• 10:12
  Speaker 6: want the locals back in control of the Brumbies here
• 10:15
  Speaker 6: in the mountains.
• 10:15
  Speaker 2: This is a part of our heritage.
• 10:17
  Speaker 6: It's a part of our history and it must be protected,
• 10:20
  Speaker 6: the Brumbies, the mountains, the heritage, the traditions.
• 10:24
  Speaker 2: That's what I believe in. Look culling Brumbies.
• 10:28
  Speaker 3: There's arguments for and against, but this issue is hardly
• 10:32
  Speaker 3: going to decide who holds the reins of power nationally.
• 10:36
  Speaker 3: In fact, this appearance and explaining why he's on a
• 10:39
  Speaker 3: horse reminded me of that hilarious add from a few
• 10:42
  Speaker 3: years back.
• 10:43
  Speaker 2: Look, doubt, back up, where are you? You're on a
• 10:45
  Speaker 2: boat with the man. Your man could smell It was
• 10:48
  Speaker 2: in your hand back at me.
• 10:50
  Speaker 11: I haven't.
• 10:50
  Speaker 6: It's an oyster with two tickets to that thing you love.
• 10:53
  Speaker 2: Look again, the tickets are now diamond.
• 10:56
  Speaker 12: Anything is possible when your man smells like old spice.
• 10:58
  Speaker 2: Are not a leading a horse.
• 11:03
  Speaker 3: At least Angus Taylor had a reason to be on
• 11:05
  Speaker 3: a horse, But he needs to focus on the economy,
• 11:08
  Speaker 3: on immigration, on axing net zero, forget horses, forget one nation,
• 11:14
  Speaker 3: focus on the issues that will change the government and
• 11:18
  Speaker 3: save the country. Let me share something to cheer us up. Hey,
• 11:25
  Speaker 3: the soccer was a shambles on the weekend. How you
• 11:27
  Speaker 3: win a game of soccer by leaving your best weapons
• 11:30
  Speaker 3: on the bench is beyond me. But my Crows got
• 11:33
  Speaker 3: up again, which is good news. And after the shocking
• 11:35
  Speaker 3: news about high marking Sensation former Sensation Tony Modro on Friday,
• 11:41
  Speaker 3: it was terrific to hear that Mods is on the
• 11:43
  Speaker 3: mend terrible injuries, but this goal kicking legend is going
• 11:48
  Speaker 3: to fight through and that's a great relief to all
• 11:51
  Speaker 3: footy followers, especially Crows fans, of course. But there was
• 11:55
  Speaker 3: something else in the footy that was a heap of
• 11:57
  Speaker 3: fun over the weekend. After the games, they always showing
• 12:00
  Speaker 3: the telecast the winning team singing the club songs afterwards
• 12:04
  Speaker 3: in the change rooms.
• 12:05
  Speaker 2: I reckon it's usually one of the most boring.
• 12:06
  Speaker 3: Parts of the telecast, but yesterday Carlton's Matt Cottrell surprised
• 12:12
  Speaker 3: everyone and added some flare and a bit of bit
• 12:15
  Speaker 3: of Jilly Billy Joel as well.
• 12:18
  Speaker 13: It's going to be some renditioning this one.
• 12:20
  Speaker 9: Don't worry about that.
• 12:57
  Speaker 3: No one expected it. Then after the Blues five wins
• 13:00
  Speaker 3: in a row, this was an immediate hit.
• 13:20
  Speaker 13: I mentioned that there's not a day that goes by
• 13:23
  Speaker 13: we have something happening that has never happened before.
• 13:26
  Speaker 7: Have we ever seen someone harmonica us into the old
• 13:29
  Speaker 7: dark navy bloom?
• 13:30
  Speaker 13: Never?
• 13:32
  Speaker 2: Yeah, never before.
• 13:33
  Speaker 3: What I love about this though, is that I'm certain
• 13:35
  Speaker 3: this will start a trend right Other teams and other
• 13:37
  Speaker 3: players are our bounder try and top this effort in
• 13:40
  Speaker 3: the weeks and months to come.
• 13:42
  Speaker 2: I can't wait for.
• 13:43
  Speaker 3: The first use of a piano, accordion or bagpipes in
• 13:46
  Speaker 3: the change rooms. But you've got a win first, and
• 13:49
  Speaker 3: only works for winners. Let's go to Canberra now and
• 13:55
  Speaker 3: catch up on more of the serious business of the day,
• 13:57
  Speaker 3: and we're joined by Shadow Finance Minister Chandler.
• 14:00
  Speaker 2: Thanks for joining us.
• 14:01
  Speaker 3: Claire focus pretty heavily in question time today in the
• 14:05
  Speaker 3: House on the capital gains tax changes and the claim
• 14:11
  Speaker 3: the assertion that Australia has now the highest tax rate
• 14:15
  Speaker 3: on capital gains. Tell us about the truth or otherwise
• 14:20
  Speaker 3: of this claim, any qualifications on that and what that
• 14:23
  Speaker 3: can do to investment in this country.
• 14:27
  Speaker 14: Well, I don't think there's any question, Chris, that the
• 14:30
  Speaker 14: government CGT changes are going to have a really punitive
• 14:33
  Speaker 14: impact on investment in this country. And that's not just
• 14:37
  Speaker 14: me saying that. That is the countless small businesses that
• 14:40
  Speaker 14: I've met with in previous weeks saying that. It's countless
• 14:43
  Speaker 14: witnesses to the Senate inquiry that we've conducted into this
• 14:46
  Speaker 14: legislation that have been saying that. So I think it's
• 14:50
  Speaker 14: pretty disgusting that the Government wants to ram these changes
• 14:53
  Speaker 14: through the Senate before the end of the financial gear
• 14:56
  Speaker 14: as they've started, they're in the process of doing this week,
• 15:00
  Speaker 14: when there are still so many questions and concerns that
• 15:03
  Speaker 14: Australian businesses have. First of all, why did this election
• 15:07
  Speaker 14: promise need to be broken? The Prime Minister and the
• 15:10
  Speaker 14: Treasurer promised so many times before the last election that
• 15:13
  Speaker 14: they would go nowhere near changing the CGT scheme and
• 15:17
  Speaker 14: yet here we are. And then second of all, what
• 15:20
  Speaker 14: are the changes that they are proposing here actually going
• 15:22
  Speaker 14: to mean?
• 15:23
  Speaker 15: We are debating legislation in.
• 15:24
  Speaker 14: The Parliament this fortnight that will go some of the
• 15:27
  Speaker 14: way to giving effect to these changes. But there will
• 15:30
  Speaker 14: be more legislation required. There will be more regulation required,
• 15:33
  Speaker 14: and just this weekend we've heard that there are now
• 15:35
  Speaker 14: some changes on the way. So the government is all
• 15:38
  Speaker 14: over the place on this policy. I think they know
• 15:41
  Speaker 14: deep down that they've tried to sell Australians a pup
• 15:44
  Speaker 14: here and now they're trying to wind some of it back.
• 15:46
  Speaker 14: But it's just a complete mess.
• 15:48
  Speaker 3: Yeah, And this idea that by depressing the housing market
• 15:51
  Speaker 3: and reducing investment you're going to somehow help more people in.
• 15:54
  Speaker 2: The houses, it just doesn't stack up.
• 15:57
  Speaker 3: Tell me to get their laws through, They're going to
• 15:59
  Speaker 3: have to get them through the set Obviously you're going
• 16:01
  Speaker 3: to reject them. One nation are going to reject them.
• 16:03
  Speaker 3: They're looking at doing a deal with the Greens. What
• 16:06
  Speaker 3: sort of compromises have been profited so.
• 16:09
  Speaker 14: Far, well, I mean that's really a question for the
• 16:13
  Speaker 14: Government and the Greens to answer, and I can really
• 16:17
  Speaker 14: only speculate here, but I'm sure that some sort of
• 16:21
  Speaker 14: dodgy deal will be done at some point between now
• 16:24
  Speaker 14: and if not the end of this week, then the
• 16:26
  Speaker 14: end of next week, to ensure that these laws are
• 16:29
  Speaker 14: ultimately passed through the parliament. And I think That is
• 16:32
  Speaker 14: a real shame for the Australian businesses that have been
• 16:36
  Speaker 14: crying out over the last six weeks since the budget
• 16:39
  Speaker 14: was handed down, saying we're not asking for much, We're
• 16:42
  Speaker 14: just asking for a fair playing field and for certainty
• 16:46
  Speaker 14: in our investment environment. But the reality is, if the
• 16:49
  Speaker 14: government's willing to go after capital gains tax changes here,
• 16:52
  Speaker 14: what's the next thing they're going to go after.
• 16:54
  Speaker 3: They're pretending that they're taking tough decisions in the interests
• 16:57
  Speaker 3: of reform, what they're doing is exactly the opposite, isn't it.
• 17:01
  Speaker 2: What they need to do is reduce spending.
• 17:04
  Speaker 3: To take the pressure out of inflation and interest rates
• 17:07
  Speaker 3: and to make the government more sustainable.
• 17:09
  Speaker 2: And if they can lower.
• 17:11
  Speaker 3: Taxes to encourage more investment and productivity.
• 17:15
  Speaker 14: Well that's exactly the point that I've been making, Chase.
• 17:18
  Speaker 14: If you take out the capital gains tax changes, the
• 17:21
  Speaker 14: negative gearing changes, and the NDIS reforms that the government
• 17:25
  Speaker 14: is in the process of trying to again push through
• 17:28
  Speaker 14: the Parliament, the actual changes to the budget bottom line
• 17:31
  Speaker 14: across the forwards is pretty negligible. And that is because
• 17:35
  Speaker 14: this government has a spending problem, and I strongly suspect
• 17:39
  Speaker 14: that when it comes to the negative gearing changes and
• 17:41
  Speaker 14: the CGT changes, the only reason the government is doing this.
• 17:44
  Speaker 15: Is because it is a tax grab.
• 17:47
  Speaker 14: Their own budget papers say that thirty five thousand fewer
• 17:50
  Speaker 14: homes will be built as a result of these changes.
• 17:52
  Speaker 14: Now that says to you that the tax changes aren't
• 17:55
  Speaker 14: actually making it easier for young Australians to get into
• 17:59
  Speaker 14: their own home. The only thing that's making it easier
• 18:01
  Speaker 14: for young Australians to get into their own home is
• 18:04
  Speaker 14: the government's Infrastructure Fund, which is basically just copying the
• 18:07
  Speaker 14: Coalition's election policy from last year. That's the only reason
• 18:11
  Speaker 14: that they're building more houses. The reason that they.
• 18:14
  Speaker 15: Are introducing these taxes is because.
• 18:16
  Speaker 14: They don't have their spending under control and they need
• 18:19
  Speaker 14: to come after Australians money to fund their spending.
• 18:21
  Speaker 3: Addiction, let me just segue to another issue that you've
• 18:25
  Speaker 3: been a strong campaigner on for a number of years,
• 18:27
  Speaker 3: and that relates to women's rights, the rights of girls
• 18:30
  Speaker 3: and women, especially in response to the push for transgender rights,
• 18:35
  Speaker 3: and the ABC has rejected an opinion piece written by
• 18:40
  Speaker 3: sal Grover, who of course has lost to her famous
• 18:43
  Speaker 3: tickle versus giggle case where she was not allowed. The
• 18:48
  Speaker 3: High Court has found the Court has found that she's
• 18:50
  Speaker 3: not allowed to reserve a space on social media only
• 18:53
  Speaker 3: for biological women. She's having that case, she's appealing that further.
• 18:59
  Speaker 3: But what does it say about public debate on these
• 19:01
  Speaker 3: issues when the ABC, which runs the transgender agenda all
• 19:07
  Speaker 3: the time, repeatedly, often in a very biased and jaundice way,
• 19:12
  Speaker 3: won't even publish an informed opinion.
• 19:17
  Speaker 2: Piece from the very person at the heart of the debate.
• 19:21
  Speaker 14: Oh, it's incredibly disappointing and I think it completely fails
• 19:24
  Speaker 14: the pub test of what Australians should expect of their
• 19:28
  Speaker 14: national broadcaster. And correct me if I'm wrong, Chreas, But
• 19:31
  Speaker 14: I think the opinion piece that Sale had written here
• 19:34
  Speaker 14: was actually in response to an opinion piece that had
• 19:37
  Speaker 14: already been exactly on the ABC that was quite favorable
• 19:40
  Speaker 14: of Roxxantickles legal arguments. So surely the fair and reasonable
• 19:46
  Speaker 14: and unbiased thing to do for the ABC to do
• 19:49
  Speaker 14: would be to publish the alternate argument, to publish sal
• 19:52
  Speaker 14: Grover's perspective here, But they've seemingly refused to do that.
• 19:56
  Speaker 2: Now.
• 19:56
  Speaker 14: I've known for many, many years now that the ABC
• 20:00
  Speaker 14: is utterly ideologically captured on all of these issues, they
• 20:04
  Speaker 14: refuse to give airtime to the common sense argument that
• 20:07
  Speaker 14: women's spaces and sports and facilities should be preserved for
• 20:11
  Speaker 14: biological females. So I'm sadly not surprised, but it really
• 20:16
  Speaker 14: does clearly demonstrate just how bad their ideological bias is
• 20:20
  Speaker 14: that they cannot bring themselves to publish an opinion piece
• 20:24
  Speaker 14: in direct response to one that they've already put up
• 20:26
  Speaker 14: on their website by sal Grover merely mounting her case in.
• 20:32
  Speaker 3: This piece, Apparently, sow Grover makes I think the cut
• 20:34
  Speaker 3: through point. I hadn't heard it express this way before,
• 20:37
  Speaker 3: but she said the only people, the only people who
• 20:40
  Speaker 3: were not allowed to have the rights of transgender women
• 20:43
  Speaker 3: are actual women, are biological women.
• 20:47
  Speaker 14: That's exactly right, and that is what this fight has
• 20:51
  Speaker 14: become all about. It's about ensuring that women and girls
• 20:55
  Speaker 14: have the right to access their own sports, and their
• 20:58
  Speaker 14: own services and their own space without being at some
• 21:02
  Speaker 14: fear of a legal repercussion if they do so. And
• 21:06
  Speaker 14: I've known Soal for quite a long time now. She's
• 21:09
  Speaker 14: an absolute fighter, and she is fighting the good fight
• 21:12
  Speaker 14: on this issue. And I think the overwhelming majority of
• 21:15
  Speaker 14: Australians are and so that's why it just puzzles me
• 21:19
  Speaker 14: that the ABC, our national broadcaster, can't see that.
• 21:23
  Speaker 3: Thanks for joining us again, Senator, I appreciate it. Clear Channel,
• 21:26
  Speaker 3: they're the shadow Finance minister. It's just another case of
• 21:29
  Speaker 3: the ABC being completely in breach of its charter. Now
• 21:33
  Speaker 3: it's charters in the law. So the ABC is in
• 21:36
  Speaker 3: breach of the law. But when will any government do
• 21:40
  Speaker 3: anything about it? There's no one in charge at the ABC.
• 21:46
  Speaker 3: Now back on to the tax agenda, and there are
• 21:48
  Speaker 3: clear signs that Labour's tax changes are hitting the property
• 21:51
  Speaker 3: market already, with clearance rates falling through the floor over
• 21:54
  Speaker 3: the weekend.
• 21:55
  Speaker 2: Here's the latest from Ross Greenwood.
• 21:58
  Speaker 1: Over the weekend, Aria Group tells us were one six
• 22:01
  Speaker 1: hundred and seven options and fewer than forty three percent
• 22:05
  Speaker 1: of those were sold. In other words, nine hundred and
• 22:08
  Speaker 1: seventeen properties remain unsold, still on the market.
• 22:12
  Speaker 3: Let's got to property expert Louis Christopher, who's managing director
• 22:15
  Speaker 3: of SQN Research. Thanks for joining us, sir, Louis. Tell
• 22:18
  Speaker 3: us tell us about what's driving this. Is this people
• 22:21
  Speaker 3: worried about the tax changes or is it the uncertainty
• 22:24
  Speaker 3: of people waiting to see what actually ends up becoming law.
• 22:28
  Speaker 13: Nice to be with you, Chris and your audience. It's
• 22:31
  Speaker 13: a combination of factors driving this. We noted that the
• 22:35
  Speaker 13: housing downturn started with the first interest rate rise back
• 22:40
  Speaker 13: in February and has progressively got worse, and conditions have
• 22:43
  Speaker 13: definitely deteriorated, especially on the announcement of the property taxation changes.
• 22:50
  Speaker 13: So in truth, markets suffered a series of shocks and
• 22:53
  Speaker 13: at this point in time, we're not seeing any bottom
• 22:56
  Speaker 13: in the market, and indeed, when we look forward, we
• 23:00
  Speaker 13: see things worsening from here because there is no actual
• 23:04
  Speaker 13: sweetenes on the horizon this time around. Unlike other cyclists,
• 23:08
  Speaker 13: we're not expecting an interest rate cut anytime soon, and
• 23:11
  Speaker 13: it's highly unlikely we'll see the government reverse course on
• 23:15
  Speaker 13: negative gearing and couple of gains tax on property.
• 23:18
  Speaker 3: So effectively saying that the government's negative gearing and capital
• 23:23
  Speaker 3: tax changes have come at a bad time because as
• 23:26
  Speaker 3: when the market was heading down anyway, What about the
• 23:29
  Speaker 3: fact that negative gearing remains.
• 23:31
  Speaker 2: Available for new builds.
• 23:33
  Speaker 3: Is there any suggestion that there's additional investment looking to
• 23:37
  Speaker 3: go into new housing.
• 23:39
  Speaker 13: I think we may see that in time, but not
• 23:41
  Speaker 13: right now. That the issue is with the new build
• 23:44
  Speaker 13: marketers that it generally will dance in tune with the
• 23:47
  Speaker 13: existing property market. So investors and home buyers in a
• 23:52
  Speaker 13: downturn become very cautious about catching a falling knife, and
• 23:56
  Speaker 13: that certainly applies for new property. Now. Once a shock
• 23:59
  Speaker 13: and all of this is behind us, once we start
• 24:02
  Speaker 13: seeing a bit of a bottom in the market, we
• 24:04
  Speaker 13: may at that particular point in time see some interest
• 24:07
  Speaker 13: in new housing buy investors and property owners like but
• 24:11
  Speaker 13: we're not seeing it right now.
• 24:12
  Speaker 3: That's a sure Thanks for joining us, lew We appreciate it.
• 24:16
  Speaker 3: Lewis Christopher there from SQM Research. That's a property market
• 24:19
  Speaker 3: heading down and you heard it from him. No sign
• 24:23
  Speaker 3: of it heading up any time again.
• 24:25
  Speaker 2: Soon we're going to go to a break.
• 24:27
  Speaker 3: On the other side, I'll catch up with Shadow Energy
• 24:28
  Speaker 3: Minister Dan Ten. We'll talk about the fuel tax relief
• 24:32
  Speaker 3: that the government's announced on the weekend, also the ongoing
• 24:35
  Speaker 3: disaster of snowy two point zero. Now, as you know,
• 24:43
  Speaker 3: my old home state of South Australia is the canary
• 24:46
  Speaker 3: in the coal mine on the renewable energy transition. It
• 24:49
  Speaker 3: has the largest penetration of renewables, so it also has
• 24:53
  Speaker 3: the highest electricity prices and it's the only state to
• 24:56
  Speaker 3: suffer a statewide blackout. Well, let me show what's been
• 25:00
  Speaker 3: happening in South Australia over the past week.
• 25:03
  Speaker 2: Have a look at this graph.
• 25:04
  Speaker 3: It shows what supplies electricity hour by hour, and you
• 25:08
  Speaker 3: can see last week, most of the time all of
• 25:10
  Speaker 3: that green that's wind energy topped up during the day
• 25:14
  Speaker 3: by solar energy in yellow. But over the weekend and
• 25:18
  Speaker 3: today you'll see the wind stopped blowing and all that
• 25:22
  Speaker 3: orange is various forms of gas and even diesel generators
• 25:28
  Speaker 3: kicking in the blue near the top, The little bits
• 25:31
  Speaker 3: of blue is batteries chipping in now and then, and
• 25:33
  Speaker 3: the purple at the bottom is coal fired power coming
• 25:37
  Speaker 3: in from Victoria over the interconnector. Now, over the past
• 25:41
  Speaker 3: couple of days, the interconnector has maxed out, the batteries
• 25:45
  Speaker 3: have run dry, and the spot price for electricity hit
• 25:50
  Speaker 3: the legislated maximum amount of over twenty thousand dollars a
• 25:54
  Speaker 3: megawatt hour as a price that's normally around one hundred
• 25:57
  Speaker 3: dollars or so. So that's the power grid in a nutshell.
• 26:02
  Speaker 3: Wind and solar are fine when they're there, but they're
• 26:05
  Speaker 3: not always there. It's impossible and too expensive to have
• 26:10
  Speaker 3: enough storage, so you end up with having to fund
• 26:13
  Speaker 3: two systems, the renewable system, the new one, plus a
• 26:17
  Speaker 3: fossil fuel system to replace it when the wind stops,
• 26:21
  Speaker 3: not to mention a third system really and in between
• 26:23
  Speaker 3: system made up of as much storage as.
• 26:26
  Speaker 2: You can possibly afford. What are shambles.
• 26:30
  Speaker 3: Let's bring in Shadow Energy Minister Dan Te and thanks
• 26:32
  Speaker 3: for joining us again. Dan, you would have been keeping
• 26:34
  Speaker 3: an eye on that situation in South Australia because it
• 26:37
  Speaker 3: is disastrous. It's changed their average prices for the quarter markedly,
• 26:42
  Speaker 3: just because of a couple of days. And that's the
• 26:44
  Speaker 3: sort of fate that awaits the whole nation when we
• 26:46
  Speaker 3: get what they now call wind droughts.
• 26:50
  Speaker 2: That's it.
• 26:51
  Speaker 12: That's Chris Bowen's drawing for the whole of Australia.
• 26:53
  Speaker 2: They're in a nutshell.
• 26:55
  Speaker 12: And you know he's claimed that he always makes that
• 26:59
  Speaker 12: renewables are cheaper, and we know that it's just a lie,
• 27:03
  Speaker 12: and that he will not put the whole system's cost
• 27:07
  Speaker 12: in front of the Australian people, even though they see
• 27:11
  Speaker 12: it every day in their power bills.
• 27:13
  Speaker 2: And you know, we know now.
• 27:15
  Speaker 12: That the South Australian State government are having to invest
• 27:19
  Speaker 12: in another gas speaker because they've now realized and understood
• 27:24
  Speaker 12: that they can't just solely rely on renewables. And you know,
• 27:29
  Speaker 12: if we aren't careful and we can't stop this horrendous
• 27:33
  Speaker 12: Labor government, we're going to see this play out in Victoria,
• 27:37
  Speaker 12: New South Wales, Queensland in particular. And that's why you know,
• 27:41
  Speaker 12: we've got to keep calling Chris bowing out and make
• 27:44
  Speaker 12: sure we defeat Labor of the next election.
• 27:46
  Speaker 3: It's going to be incredibly difficult to repair, isn't it,
• 27:49
  Speaker 3: Because we have essentially the sort of maximum amount of
• 27:53
  Speaker 3: renewables you can effectively run in an economically sensible system.
• 27:57
  Speaker 3: Now people talk about a thirty to forty percent being
• 28:00
  Speaker 3: about the maximum, and nationally that's where we are already.
• 28:04
  Speaker 3: So every extra build of renewables is just going to
• 28:07
  Speaker 3: make the problem worse. It's going to make the other energy,
• 28:09
  Speaker 3: the reliable energy we're going to need to add in
• 28:12
  Speaker 3: even less economic.
• 28:14
  Speaker 12: Well, which is why it's so important that we win
• 28:17
  Speaker 12: the next federal election. And the worst thing about it,
• 28:20
  Speaker 12: Chris is you know full well and I'm sure your
• 28:23
  Speaker 12: listeners do as well, that Chris Bowen has this thing
• 28:26
  Speaker 12: called the Capacity Investment Scheme which is only for renewables
• 28:29
  Speaker 12: for nothing else. There is no transparency around it whatsoever.
• 28:34
  Speaker 2: We can understand why there might be.
• 28:36
  Speaker 12: For individual projects, but accumulatively there should be. And there
• 28:41
  Speaker 12: is no costings whatsoever as to what the total bill
• 28:46
  Speaker 12: for this train and taxpayer is going to be. And
• 28:49
  Speaker 12: we are hearing rumors that he's going to look to
• 28:51
  Speaker 12: change it to make it even more more advantageous towards
• 28:57
  Speaker 12: the renewables sector, so could be on the hawk for
• 29:01
  Speaker 12: untold dollars the taxpayer.
• 29:04
  Speaker 2: That is, and we don't know what that might be.
• 29:07
  Speaker 12: So all in all, it's another reason why Chris Bowen
• 29:11
  Speaker 12: needs to go, and needs to go quickly, because you know,
• 29:15
  Speaker 12: he's fast getting the nickname not only blackout Bone, but
• 29:19
  Speaker 12: blowout Boone because everything is touching is costing more and
• 29:23
  Speaker 12: more for the taxpayer. You know, we've seen the recent
• 29:25
  Speaker 12: example of the Snowy Hydro scheme where he changed the
• 29:28
  Speaker 12: contracting and it now could go to cost anywhere up
• 29:32
  Speaker 12: to forty billion dollars. So it is a train wreck
• 29:36
  Speaker 12: before our eyes.
• 29:38
  Speaker 2: It's economic vandalism.
• 29:39
  Speaker 3: It's verging on the trees in US because it's undermining
• 29:42
  Speaker 3: our own country, our own economic prosperity, in order just
• 29:45
  Speaker 3: to meet United Nations goals, goals that no other country
• 29:49
  Speaker 3: gives a rat's toss bag about to use a Malcolm blytism.
• 29:54
  Speaker 3: But you mentioned snowy hydro two point zero. I want
• 29:58
  Speaker 3: to delve into that a little more. And I can
• 30:00
  Speaker 3: talk about this project without running this clip of the
• 30:03
  Speaker 3: Prime minister who announced it.
• 30:06
  Speaker 11: I am a nation building prime minister, believe me, and
• 30:08
  Speaker 11: this is a nation building project. These are big dreams
• 30:12
  Speaker 11: in these mountains, real courage, a belief in the future,
• 30:17
  Speaker 11: a confidence in Australia.
• 30:21
  Speaker 2: How embarrassing you.
• 30:22
  Speaker 3: I have to remind people that it was a coalition
• 30:24
  Speaker 3: government that started this thing with that ridiculous publicly funded
• 30:28
  Speaker 3: vanity project of Malcolm Turnbull. But as you mentioned, Dan,
• 30:33
  Speaker 3: the latest sestement say it could cost forty billion. Turnbull
• 30:36
  Speaker 3: announced two billion, So it's twenty times over budget already.
• 30:40
  Speaker 3: Is it too late? Just to pull the pin? One
• 30:42
  Speaker 3: nation are now saying just pull the pin? And we
• 30:45
  Speaker 3: had we had an expert here last week talking about
• 30:50
  Speaker 3: from the Center of Independent Study saying they're right, despite
• 30:53
  Speaker 3: all the money gone into it, we're better off as
• 30:55
  Speaker 3: a country just leaving it as a wide elephant now,
• 30:58
  Speaker 3: not trying to finish it off.
• 31:01
  Speaker 12: Well, we'll hear more on what's going to happen in
• 31:05
  Speaker 12: the next few months, but there is no doubt that
• 31:09
  Speaker 12: we need a pause and it needs a proper assessment
• 31:13
  Speaker 12: of what is going on, and there needs to be
• 31:15
  Speaker 12: an assessment as to whether there is value for money
• 31:19
  Speaker 12: in continuing to make sure that the project continues in
• 31:24
  Speaker 12: the form and the way that it's been managed by
• 31:26
  Speaker 12: the labor party at the moment, especially when it comes
• 31:29
  Speaker 12: to the contracting arrangements, because Chris Bowing changing the contracting
• 31:34
  Speaker 12: arrangements has led to this huge blowout and potentially even
• 31:40
  Speaker 12: bigger blowout. So we have to wait and see what
• 31:43
  Speaker 12: the next report says, but we will need to look
• 31:47
  Speaker 12: and make some decisions as to whether there is no
• 31:51
  Speaker 12: value for money left in the project or whether there
• 31:54
  Speaker 12: needs to be another way to go about it. But
• 31:56
  Speaker 12: it's all got to be based properly on what will
• 31:59
  Speaker 12: deliver the best value for the taxpayer, and that's why
• 32:02
  Speaker 12: we need these independent assessments that are taking place at
• 32:06
  Speaker 12: the moment.
• 32:06
  Speaker 3: Now, just on the fuel excise cut that the government
• 32:09
  Speaker 3: brought in at the height of the problems in the
• 32:11
  Speaker 3: straight up Moors. Instead of axing the excise cut at
• 32:16
  Speaker 3: the end of this month, they're harving it effectively for
• 32:19
  Speaker 3: the month of July. Do you support that decision or
• 32:23
  Speaker 3: is it time to get rid of this and just
• 32:24
  Speaker 3: go back to the normal tax arrangements.
• 32:27
  Speaker 10: No.
• 32:27
  Speaker 12: I think it's important, especially while there's still the uncertainty,
• 32:32
  Speaker 12: that we continue to provide this fossil fuel relief for motorists.
• 32:38
  Speaker 12: And you know, one of the things that we have
• 32:40
  Speaker 12: seen is the Prime Minister having to go begging for oil,
• 32:45
  Speaker 12: for diesel, for fertilized in Southeast Age. I know he
• 32:48
  Speaker 12: left Chris Bown at home because he doesn't think there's
• 32:51
  Speaker 12: a problem and no country is looking.
• 32:53
  Speaker 2: For fossil fuels or extra fossil fuels at the moment.
• 32:56
  Speaker 12: But I think it is important that we are in
• 33:00
  Speaker 12: that relief in this way to motorists and that continues,
• 33:04
  Speaker 12: especially while we've still got uncertainty in the straits of
• 33:07
  Speaker 12: a MutS because it's not clear exactly how that.
• 33:11
  Speaker 2: Will conclude and in what form.
• 33:13
  Speaker 12: So I think this is sensible and you have to remember, Chris,
• 33:17
  Speaker 12: it was US as an opposition first called for this
• 33:21
  Speaker 12: type of relief. So this is something where we're absolutely
• 33:25
  Speaker 12: happy to stand in support with the government on because
• 33:29
  Speaker 12: we understand how important fossil fuels continue to be for
• 33:33
  Speaker 12: our nation, especially for our farmers, for our miners and
• 33:36
  Speaker 12: for our transport sector.
• 33:38
  Speaker 3: Dan Ten, thanks for joining us, so I appreciate it.
• 33:40
  Speaker 3: Dante in their shadow energy Minister. Here we are a
• 33:43
  Speaker 3: country that has the world will supplies. The whole world
• 33:47
  Speaker 3: envies our supplies of coal, gas and uranium, not to
• 33:52
  Speaker 3: mention the fair bit of oil that we stopped looking
• 33:54
  Speaker 3: for energy rich nation we are. We deliberately made ourselves
• 33:58
  Speaker 3: an energy basket case. Takes a special kind of genius,
• 34:01
  Speaker 3: doesn't It Got to take another break on the other
• 34:03
  Speaker 3: side of Crash to London, Cross to London. I'll catch
• 34:06
  Speaker 3: up with this to Krakhu because Prime Minister is Kirs Starmer.
• 34:09
  Speaker 3: He is a dead man walking now because he's got
• 34:11
  Speaker 3: his likely successor having returned to Parliament through that by
• 34:15
  Speaker 3: election last week.
• 34:16
  Speaker 2: Doug go away.
• 34:21
  Speaker 3: Now it's been going on for a while as you know,
• 34:23
  Speaker 3: but UK Prime Minister Keiths Starmer could resign as early
• 34:27
  Speaker 3: as today after pressure from his own ministers to set
• 34:30
  Speaker 3: out a timetable for his departure, but the PM's office
• 34:34
  Speaker 3: has repeatedly insisted that he's determined to fight on, even
• 34:38
  Speaker 3: after Andy Burnham's strong victory in the Makerfield by election.
• 34:43
  Speaker 16: Not just a win for Andy Burnham in the Makefield
• 34:45
  Speaker 16: by election, but a historic, decisive, tub thumping victory, one
• 34:50
  Speaker 16: that is persuading labor MPs and even cabinet ministers that
• 34:54
  Speaker 16: Keir Starmer should step aside and make way, including these
• 34:58
  Speaker 16: four who have reportedly old kissed Armer in private his
• 35:02
  Speaker 16: time is up. On Sunday, even the Prime minister's most
• 35:05
  Speaker 16: vocal cheerleaders admitted he was reflecting on his position.
• 35:09
  Speaker 17: He has been engaging in conversations with a wide range
• 35:13
  Speaker 17: of people, including myself, and that he is as well
• 35:16
  Speaker 17: as working really hard over this weekend. I think he
• 35:19
  Speaker 17: is making time to reflect on the political realities, challenges
• 35:23
  Speaker 17: and opportunities that he finds himself in.
• 35:25
  Speaker 16: For now, though Andy Burnham, the poster boy for Makerfield
• 35:29
  Speaker 16: and the King of the North, is the man, increasing
• 35:31
  Speaker 16: numbers of labor MPs are rallying behind. They hope he
• 35:35
  Speaker 16: can be the person to end the leadership shambles in Westminster.
• 35:38
  Speaker 16: But to his critics, he is untried and untested.
• 35:43
  Speaker 3: Let's go Ido London and catch up with the writer
• 35:45
  Speaker 3: and broadcaster Esther Krakhu. Esther, thanks for joining us this Monday. Look,
• 35:49
  Speaker 3: we've been talking about this so long. People talk about
• 35:52
  Speaker 3: Suka Stammer as a dead man walking. It seems like
• 35:55
  Speaker 3: he's laid out in the coffin and we're just waiting
• 35:57
  Speaker 3: for someone to nail the lid on.
• 36:00
  Speaker 18: Well exactly, I mean, it's becoming it can become a
• 36:02
  Speaker 18: drinking game at this point, when will Kis Starmer resign
• 36:04
  Speaker 18: whenever their speculation just you know, down a shot and
• 36:07
  Speaker 18: you might passed out before the day is out.
• 36:10
  Speaker 10: But there are.
• 36:11
  Speaker 18: Reports that Kis Armer is going to set out a
• 36:13
  Speaker 18: timeline for his departure. Now, if there was ever any
• 36:17
  Speaker 18: question that labor politicians are a drift from most of
• 36:20
  Speaker 18: the voters in this country, it's probably this because Kis
• 36:23
  Speaker 18: Starmer can play this in a number of ways. He
• 36:24
  Speaker 18: obviously offered Andy Burnham a role in his cabinet, which
• 36:28
  Speaker 18: Andy Burnham was completely refused hours later, So that's not
• 36:33
  Speaker 18: going to be part of the agenda. And Labor politicians
• 36:37
  Speaker 18: that think that Andy Burnham winning in Makerfield, which was
• 36:39
  Speaker 18: an infamously heavily Brexit seat so that voted Brexit two
• 36:43
  Speaker 18: to one, shows that Andy Burnham is the person to
• 36:47
  Speaker 18: save the Labor Party from its woes is actually very
• 36:50
  Speaker 18: misled because this will be the seventh prime minister in
• 36:53
  Speaker 18: ten years for the UK. Meanwhile, we had about four
• 36:57
  Speaker 18: prime ministers I believe in well for prime minister's in
• 37:00
  Speaker 18: the thirty year period beforehand. So clearly there's a lot
• 37:03
  Speaker 18: of political instability in the UK. But more than that,
• 37:06
  Speaker 18: Andy Burnham has a lot of restrictions on him unless
• 37:08
  Speaker 18: he's coming with a completely different manifesto with which he
• 37:11
  Speaker 18: would have to go to the public and call a
• 37:13
  Speaker 18: general election, because that's just not appropriate or acceptable. He
• 37:17
  Speaker 18: can't really do very much. They are already calls for
• 37:18
  Speaker 18: him to increase income tax and VAT, which was an
• 37:22
  Speaker 18: election promise that Kirs Starmer has one of the few
• 37:25
  Speaker 18: ones that he's actually stuck to, even though there have
• 37:27
  Speaker 18: been other tax rises, So it doesn't even look like
• 37:30
  Speaker 18: this is the kind of man that will set Britain
• 37:32
  Speaker 18: on a course that would get everyone excited. He can't
• 37:34
  Speaker 18: do very much. The fiscal headroom has basically vanished into
• 37:37
  Speaker 18: thin air.
• 37:37
  Speaker 15: He's talking about.
• 37:38
  Speaker 18: Firing Rachel Reeves, the Chancellor. Well, that's not going to
• 37:41
  Speaker 18: do very much because the country's finances are in such
• 37:43
  Speaker 18: a sorry state. Doesn't matter if he managed to bring
• 37:46
  Speaker 18: on Houdini. You can't conjure up economic growth from a
• 37:49
  Speaker 18: country that's barely had any over the last eleven years.
• 37:52
  Speaker 2: Yeah.
• 37:52
  Speaker 3: Well, certainly Donald Trump has already given up on kiyos Stama.
• 37:56
  Speaker 3: He's posted on social media kios Stamer will resign as
• 37:59
  Speaker 3: Prime Minister of the United Kingdom. He failed badly on
• 38:02
  Speaker 3: two very important subjects, immigration and energy, Open North Sea oil,
• 38:07
  Speaker 3: says Donald Trump. I wish him well, President DJT. And
• 38:10
  Speaker 3: let's have a look at some of what Andy Burnham
• 38:12
  Speaker 3: had to say on the weekend on Friday.
• 38:15
  Speaker 10: We've been on a path for forty years that simply
• 38:18
  Speaker 10: hasn't worked for people and places in this part of
• 38:22
  Speaker 10: the world. And this now is the change moment. We
• 38:26
  Speaker 10: have an opportunity to turn the tide to make the
• 38:29
  Speaker 10: country feel like it's working again.
• 38:33
  Speaker 1: Yeah.
• 38:33
  Speaker 3: And so you talk about his challenges and he won't
• 38:35
  Speaker 3: be able to do much. And maybe that's reassuring because
• 38:39
  Speaker 3: I keep reading that his tendency would be to go
• 38:42
  Speaker 3: even further to the left rather than than to get
• 38:45
  Speaker 3: the labor government more mainstream.
• 38:48
  Speaker 2: Oh.
• 38:48
  Speaker 18: Absolutely, he's certainly not going to veer further to the right,
• 38:51
  Speaker 18: and I think his resigning victory in Makeerfield will have
• 38:54
  Speaker 18: labor insiders believing that this is the man to be reformed,
• 38:56
  Speaker 18: and they will be sorely mistaken. People have to remember
• 38:58
  Speaker 18: that Andy Burnham's reputation as a messiah is usually baffling.
• 39:02
  Speaker 18: Manchester is a city that is in billions of pounds
• 39:05
  Speaker 18: worth hundreds of millions of pounds worth of debt. It's
• 39:08
  Speaker 18: not particularly done very well. It's like any other major
• 39:10
  Speaker 18: city city in England. It's heavily indebted public finance, public
• 39:15
  Speaker 18: infrastructure is not running very well. This is a man
• 39:17
  Speaker 18: who was rejected not once but twice as labor leader.
• 39:20
  Speaker 18: I don't understand why anyone thinks a third time around
• 39:22
  Speaker 18: is the charm when he's lost to the likes of
• 39:24
  Speaker 18: ad Miller Band, which is embarrassing.
• 39:26
  Speaker 3: Let's have a look at some of the front pages
• 39:28
  Speaker 3: in London today. The Sun that's gone for Don and
• 39:32
  Speaker 3: dusted for Kia Stama and otherwise is get me out
• 39:35
  Speaker 3: of Kire. That's the Daily Star The Time says Burnham
• 39:39
  Speaker 3: is aiming for PM coronation by September. They're saying by
• 39:43
  Speaker 3: September he'll be in number ten Downing Street. The Daily
• 39:46
  Speaker 3: Mirrors is game over, Starmer on the brink. The Telegraph
• 39:51
  Speaker 3: has Burnham plans to be in number ten by September.
• 39:53
  Speaker 3: There again, we're looking at September as the key month,
• 39:57
  Speaker 3: and The Guardian says Starmer expected to announce exit to
• 40:00
  Speaker 3: clear the way for Burnham. This is the key point,
• 40:02
  Speaker 3: I think, isn't it There is whether we get that
• 40:04
  Speaker 3: announcement today from Keith Starmer. It's early in the morning
• 40:07
  Speaker 3: in London. Now do you think he's going to announce
• 40:10
  Speaker 3: some sort of plan, makes some sort of statement today.
• 40:13
  Speaker 18: I think almost certainly. I don't necessarily believe he'll be today.
• 40:16
  Speaker 18: I believe he'll probably be in the next forty eight
• 40:18
  Speaker 18: hours from what I'm hearing from Downing Street insiders. But again,
• 40:22
  Speaker 18: setting out a timeline. The timeline could be next year,
• 40:24
  Speaker 18: the timeline could be the end of the year. If
• 40:26
  Speaker 18: he sets out a timeline that labor insiders Andy Burnham
• 40:29
  Speaker 18: is not happy with what they're going to do about it,
• 40:31
  Speaker 18: So that's another problem as well. How much leewe are
• 40:34
  Speaker 18: they going to give him for the timeline. Parliament is
• 40:36
  Speaker 18: going to be in recess over the summer, so even
• 40:38
  Speaker 18: if he did set out a timeline for September, a
• 40:40
  Speaker 18: good chunk of that would be eaten because politicians are
• 40:43
  Speaker 18: on holiday. So there's the logistics of what would make
• 40:46
  Speaker 18: King Andy Burnham happy, and then when he does finally
• 40:49
  Speaker 18: become Prime minister, what his premiership will actually do, which
• 40:52
  Speaker 18: I suspect very little.
• 40:54
  Speaker 3: Thanks for joining us, They're all over it as usual
• 40:57
  Speaker 3: as the correct who they're in London, say what you
• 40:59
  Speaker 3: luck about Australian politics. We usually get our leadership wrangling
• 41:02
  Speaker 3: over a damn sight quicker than all of this.
• 41:05
  Speaker 2: We've got to take a break. On the other side.
• 41:06
  Speaker 3: I'll see if Jemma and Caroline can translate Kamara Harris's
• 41:10
  Speaker 3: latest word salad.
• 41:16
  Speaker 2: Let's catch up.
• 41:17
  Speaker 3: As we do every Monday with Gematon Uni from GT Communications.
• 41:20
  Speaker 2: Gooday Gemma, and over in.
• 41:22
  Speaker 3: Perth we've got Caroline Derusso from the Liberal Party and
• 41:26
  Speaker 3: other Sky News contributor as well. I've got to get
• 41:29
  Speaker 3: your thoughts, both of you on this thing from Albot yesterday,
• 41:34
  Speaker 3: slamming one nation because they got a plane from Gina Reinhart.
• 41:38
  Speaker 3: Taking money from billionaires and the wealthiest people. He says,
• 41:41
  Speaker 3: while you're pretending to stand up for workers, Labour's got
• 41:44
  Speaker 3: to hand out to a host of billionaires.
• 41:47
  Speaker 19: I mean, it's the standard sort of hypocrisy that this
• 41:50
  Speaker 19: Prime Minister is becoming known for. It's like he's allergic
• 41:55
  Speaker 19: to truth and accountability and it's like he thinks we
• 41:57
  Speaker 19: don't know or don't see.
• 42:00
  Speaker 2: It's quite an.
• 42:01
  Speaker 19: Extraordinary sort of way to present oneself in the sense
• 42:05
  Speaker 19: that if I go back to the voice loss not
• 42:07
  Speaker 19: my loss, if you go to the Royal Commission into
• 42:11
  Speaker 19: Anti Semitism, we don't need one because the security experts
• 42:13
  Speaker 19: said we don't need one. And then he does a backflip.
• 42:16
  Speaker 19: That's not a backflip. There is nothing consistent about him,
• 42:21
  Speaker 19: There is nothing solid about him, and this is like
• 42:25
  Speaker 19: just another example of look over there. But Australians, unfortunately
• 42:30
  Speaker 19: for him, see straight through him and he hasn't yet
• 42:34
  Speaker 19: worked it out.
• 42:34
  Speaker 15: Chris, they see.
• 42:35
  Speaker 2: Through it now.
• 42:36
  Speaker 3: I was attempted to leave this alone because it's a
• 42:38
  Speaker 3: bit of a dog bites.
• 42:39
  Speaker 2: Man sort of the story Labour's hypocrisy, Well, no.
• 42:42
  Speaker 3: You've got to you've got to be on them all
• 42:44
  Speaker 3: the time and try and bring them to account. As
• 42:46
  Speaker 3: a refresher, here's what he said yesterday.
• 42:49
  Speaker 5: One nation pretend that they stand full battlers whilst getting
• 42:56
  Speaker 5: planes given to them by Australia's richest person, while receiving
• 43:01
  Speaker 5: donations from some of the very wealthiest people Caroline.
• 43:06
  Speaker 3: As you know, Labor pretends to be the party for workers.
• 43:10
  Speaker 3: Not only does it take all this union money that
• 43:12
  Speaker 3: comes in directly from workers, but it takes money from
• 43:15
  Speaker 3: Kerry Stokes, from Andrew forres, from the Pratts and good
• 43:21
  Speaker 3: on these people. Let them donate as much as they like.
• 43:23
  Speaker 3: But the hypocrisy of Labor is astounding.
• 43:27
  Speaker 20: And obviously Chris people like that donate across political lines.
• 43:34
  Speaker 15: So one must always be.
• 43:36
  Speaker 20: Very very careful here. But the point I will make
• 43:38
  Speaker 20: is that that's why we have that's why we have
• 43:41
  Speaker 20: a disclosure regime. You know, when the Prime Minister says
• 43:45
  Speaker 20: that he thinks we're all stupid that we don't know
• 43:49
  Speaker 20: or can't know these things, it's all on the public record.
• 43:52
  Speaker 20: It does not take much to look up and if
• 43:55
  Speaker 20: you can talk about billionaires, but you made the point
• 43:58
  Speaker 20: earlier which is more troubling. Cheers the unions, and you
• 44:01
  Speaker 20: look at the laundry list of requests that they got
• 44:04
  Speaker 20: when this government got into office, Basically all of them
• 44:09
  Speaker 20: have been ticked off. Some of the most extraordinary ir
• 44:14
  Speaker 20: regulation has gone through, and we've seen productivity tank and
• 44:17
  Speaker 20: we've seen investment dollars go offshore. We've seen all this happen.
• 44:22
  Speaker 20: That's actually a that there is a much bigger political crime,
• 44:27
  Speaker 20: so to speak, across the country. And when you talk
• 44:30
  Speaker 20: about the inflation that it leads and all of those
• 44:33
  Speaker 20: sorts of things, just the rampant corrupt all of that,
• 44:36
  Speaker 20: Chris is way way worse than getting a plane from
• 44:41
  Speaker 20: one billionaire when you are yourself taking money from several.
• 44:49
  Speaker 2: Other point too.
• 44:50
  Speaker 19: Agree obviously on a unity ticket with my learned friend
• 44:52
  Speaker 19: in the West there. But the other thing about I
• 44:55
  Speaker 19: love to potshot about Gina Aronhart. And for the record,
• 44:58
  Speaker 19: and for disclosure, I don't work for a All of
• 45:00
  Speaker 19: the stuff that people would probably want to know. She
• 45:03
  Speaker 19: invests money in sporting teams that this government doesn't support.
• 45:07
  Speaker 19: She's come out of her own pocket and said I'm
• 45:09
  Speaker 19: supporting veterans because this government doesn't this government. But also
• 45:16
  Speaker 19: thank you, thank you Caro Roy find doctors. But what
• 45:18
  Speaker 19: people don't realize, what most people don't realize, is that
• 45:22
  Speaker 19: when Mss Reinhart inherited for one of a better word,
• 45:26
  Speaker 19: that company, that company was, it wasn't like tickety.
• 45:30
  Speaker 2: But she has.
• 45:33
  Speaker 19: Turned something around because of her talent, her grit. And
• 45:36
  Speaker 19: I know people who work for her who say two things.
• 45:39
  Speaker 15: She's tough but loyal.
• 45:41
  Speaker 19: And I just resent a career political hack turning around
• 45:47
  Speaker 19: and saying that, oh, don't take a plane from a billionaire. Mate,
• 45:49
  Speaker 19: when you have contributed to this country out of your
• 45:52
  Speaker 19: own pocket what someone like Gina Ryan Hart has, then
• 45:55
  Speaker 19: you can talk for Now you take your glass jaw
• 45:57
  Speaker 19: and toddle off.
• 45:58
  Speaker 2: Mate. Yeah, were well said, well said. And I just
• 46:02
  Speaker 2: think this.
• 46:02
  Speaker 3: Is the model of how you have political donations like
• 46:05
  Speaker 3: the One Nation and Genna Ryan. It's out there public
• 46:08
  Speaker 3: the day, the planes there, everyone knows about it.
• 46:10
  Speaker 2: Great, it should be closing. That's great.
• 46:13
  Speaker 3: Hey, there's someone saying that the soccer is we should
• 46:16
  Speaker 3: have a day off on Friday because well, they won
• 46:18
  Speaker 3: one game, they've lost another game, and now I'm a.
• 46:20
  Speaker 2: Third game on Friday. We should get the day off.
• 46:23
  Speaker 3: I mean, Bob Hawk joked about having the day off
• 46:25
  Speaker 3: after we won the America's Cup. If we win the
• 46:28
  Speaker 3: World Cup, then maybe I'll.
• 46:30
  Speaker 2: Consider that we have a bit of a day off
• 46:32
  Speaker 2: to celebrate. But I want to go to something else.
• 46:34
  Speaker 3: I want to get both of you to help me
• 46:36
  Speaker 3: out here, because this is from the woman who could
• 46:38
  Speaker 3: have been president.
• 46:39
  Speaker 2: She was vice president.
• 46:40
  Speaker 3: Scary thought, but a lot of people said she should
• 46:43
  Speaker 3: have been president.
• 46:43
  Speaker 2: A lot of people voted for her.
• 46:46
  Speaker 3: Kamala Harris is still around, and here's her latest contribution
• 46:50
  Speaker 3: to the global debate.
• 46:52
  Speaker 4: I really truly believe this. We each have late inside
• 46:56
  Speaker 4: of us, and we need to know that that that
• 47:00
  Speaker 4: is what inspires our hope as much as anything external
• 47:03
  Speaker 4: to ourselves. And when we feel that and not allow
• 47:09
  Speaker 4: an election or an individual to dampen that light and
• 47:14
  Speaker 4: instead light let that light kind of carryus some particular
• 47:17
  Speaker 4: for moments of darkness, that we not only act on
• 47:22
  Speaker 4: that hope, but we inspire that hope in each other,
• 47:27
  Speaker 4: and in particular at this moment, it is so important
• 47:32
  Speaker 4: that we not only have hope, but that we understand
• 47:36
  Speaker 4: that that should be a.
• 47:38
  Speaker 2: Verb, Caroline, what is she trying to say?
• 47:43
  Speaker 15: No idea?
• 47:44
  Speaker 20: And in fact, when Tommy, your producer, sends through the clip,
• 47:48
  Speaker 20: I couldn't even get through the whole thing because.
• 47:50
  Speaker 15: My throat closed up. I was so embarrassed for her.
• 47:52
  Speaker 15: But what I love was Don Lemon's face.
• 47:55
  Speaker 20: And I don't know if it's too much botox or
• 47:57
  Speaker 20: he was as lost as the rest of us.
• 48:00
  Speaker 2: Option Jimmy. They wanted her to be president.
• 48:04
  Speaker 19: I mean, the Labor Party wanted Mark Latham to be
• 48:06
  Speaker 19: Prime Minister and everything is possible in politics. She's just unintelligible.
• 48:14
  Speaker 2: I think she swallowed a battery.
• 48:15
  Speaker 19: She may have swallowed a battery, but it's literally just
• 48:19
  Speaker 19: you know, I don't know, it's the vibe, but it's
• 48:24
  Speaker 19: not even the script of the Castle was one thousand
• 48:26
  Speaker 19: times better than that.
• 48:27
  Speaker 2: Whatever that was the.
• 48:29
  Speaker 3: Vibe of it. Thanks for joining us, Jemma and Caroline.
• 48:32
  Speaker 3: We'll catch up with you next week. I'll just say
• 48:35
  Speaker 3: some of your feedback from what I had to say
• 48:37
  Speaker 3: last week about Labour's backflip on its own budget. U
• 48:40
  Speaker 3: turn Graham says alban Easy has changed his position on
• 48:43
  Speaker 3: the position. He changed his position on the blood gives
• 48:46
  Speaker 3: me a headache. Spot on he's backflipping all over the place.
• 48:49
  Speaker 3: Another viewer says they are desperately trying to hold onto
• 48:52
  Speaker 3: power by going against their own policies. Absolutely thanks for
• 48:56
  Speaker 3: joining me another busy week here on Sky News. I'll
• 48:59
  Speaker 3: be back tomorrow at five o'clock. Up next is Peter
• 49:01
  Speaker 3: Gridlin h
• 49:09
  Speaker 5: HM.