Latest / Early Edition with Ryan Bridge / Full Show Podcast: 30 September 2026
Transcript
- 0:00Speaker 1: The issues, the interviews and the insight. Ryan Fridge on
- 0:04Speaker 1: Early Edition with Spark for Business. Technology that keeps business moving.
- 0:09Speaker 1: Newstalk ZB.
- 0:10Speaker 2: Good morning. Six after five. Great to have your company.
- 0:13Speaker 2: David Seymour on the surplus this morning. The UK will
- 0:15Speaker 2: go to Gavin. The electoral suicide. That's our summer describing.
- 0:19Speaker 2: Burnham's moves on pensions. We'll talk about that. Plus, if
- 0:22Speaker 2: you want to vote for your mayor by post in Auckland,
- 0:25Speaker 2: you won't be able to, unfortunately. And we'll look at
- 0:27Speaker 2: top's bottom line, particularly their bottom trawling bottom line. Industry
- 0:32Speaker 2: outraged by it this morning. It is Wednesday the 30th
- 0:37Speaker 2: of September. Marco Rubio says a foreign actor was involved
- 0:41Speaker 2: in this potential terror plot on an airbase.
- 0:44Speaker 3: What happened, what almost happened, what could have happened in
- 0:46Speaker 3: the UK over the weekend is a very serious situation.
- 0:49Speaker 3: It's one that clearly involves the hands of a foreign actor.
- 0:53Speaker 3: I do want to thank the authorities in the United
- 0:55Speaker 3: Kingdom who have been very cooperative.
- 0:57Speaker 2: Some are saying the incident was just the politicians trying
- 1:00Speaker 2: to create a cry wolf situation.
- 1:02Speaker 4: You test the defences of your adversary to see what
- 1:05Speaker 4: their reaction is. That can be just to see what happened,
- 1:08Speaker 4: you know, so you set something up to test the
- 1:11Speaker 4: reaction that comes from your adversary. The other one is
- 1:14Speaker 4: you can do it to make them look stupid and
- 1:16Speaker 4: a gross overreaction occurs on the part of your adversary
- 1:19Speaker 4: and then you have the whole cry wolf situation in
- 1:21Speaker 4: the future where you carry out a real attack.
- 1:24Speaker 2: It is odd that they have let them go on bail,
- 1:26Speaker 2: isn't it? Let's go to Andy Burnham now. He's given
- 1:28Speaker 2: his first Labour conference speech as UK Prime Minister and
- 1:31Speaker 2: he's going after the pension triple lock. From 2030, he
- 1:35Speaker 2: wants to change how pensions increase to help fund adult
- 1:40Speaker 2: social care. That's where you get looked after. Pensions still
- 1:44Speaker 2: protected against inflation or a 2.5% floor.
- 1:47Speaker 5: When I was a new MP, I despaired at what
- 1:50Speaker 5: I saw. My gran's engagement ring ripped from her finger
- 1:55Speaker 5: and stolen in a care home. Care not worthy of
- 1:58Speaker 5: the name. I vowed then to fight for something better
- 2:03Speaker 5: for my parents' generation. And here we are, 25 years later.
- 2:09Speaker 5: If anything, it's worse today than it was then.
- 2:14Speaker 2: Trump's going to meet with AI bosses at the White
- 2:16Speaker 2: House today. OpenAI has delayed the rollout of a new model.
- 2:19Speaker 2: A bit of a bromance talk going on.
- 2:21Speaker 6: I also have to thank the man who initially envisioned
- 2:24Speaker 6: the transformation of government through technology and brought us the
- 2:28Speaker 6: talent to get the job done. And that's Elon Musk.
- 2:32Speaker 6: And he's coming up here, as you know, in a
- 2:34Speaker 6: little while.
- 2:37Speaker 1: Get ahead of the headlines on Early Edition with Ryan
- 2:41Speaker 1: Bridge and Spark for Business. Technology that keeps business moving.
- 2:46Speaker 2: Newstalk ZB. Time is eight minutes after five. 9292 is
- 2:50Speaker 2: the number to text. So if you believe the polls,
- 2:52Speaker 2: then you believe that opportunity will get across 5%. I
- 2:56Speaker 2: personally don't think it's going to happen. I think it's
- 2:57Speaker 2: a bit of a flash in the pan, but they
- 2:59Speaker 2: won't do it. However, if you are to believe that
- 3:02Speaker 2: they get over 5% and they have some kind of
- 3:05Speaker 2: say or kingmaker position in who forms the next government,
- 3:09Speaker 2: then you should care about their bottom lines, and they
- 3:11Speaker 2: released them yesterday. All of them, well, most of them
- 3:14Speaker 2: are pretty benign, but the bottom trawling is interesting. So
- 3:20Speaker 2: Jonathan Milne for Newsroom has done a great piece on this,
- 3:22Speaker 2: and it's basically industry reaction to what's happened yesterday. after,
- 3:27Speaker 2: in the 24 hours or 12 hours, whatever it's been
- 3:30Speaker 2: since she announced these bottom lines, so getting rid of
- 3:34Speaker 2: bottom trawling in New Zealand is essentially, if you listen
- 3:37Speaker 2: to the industry, going to wipe out the seafood industry
- 3:41Speaker 2: completely from this country, an island nation surrounded by water. 70%
- 3:48Speaker 2: of New Zealand fishing is done by trawlers. By the way,
- 3:51Speaker 2: the industry, seafood industry, worth $ 2. 4 billion direct in GDP,
- 3:56Speaker 2: generates $ 6. 4 billion in economic activity, 15,000 jobs. What are
- 4:03Speaker 2: we going to do with all those jobs? Where are
- 4:04Speaker 2: all those people going to go? Now, Chief Executive of Moana,
- 4:07Speaker 2: this is Steve Tarrant, the big Maori-owned fishing company, he
- 4:11Speaker 2: says it is irresponsible for any political party to propose
- 4:15Speaker 2: effectively shutting down an entire industry through a single blanket policy,
- 4:21Speaker 2: that is not grounded in robust science, evidence, or a
- 4:25Speaker 2: credible assessment of the consequences. And yet, Opportunity and Q.
- 4:29Speaker 2: Le Wong have done that. The trawling ban makes no mention,
- 4:34Speaker 2: by the way, of hundreds of millions of dollars in
- 4:36Speaker 2: treaty settlements that are tied up in fishing. It doesn't
- 4:39Speaker 2: even mention that. In the Pacific, the idea is that
- 4:44Speaker 2: you will have, so in international waters, outside New Zealand's
- 4:47Speaker 2: exclusive economic zone, New Zealand trawlers wouldn't be able to
- 4:52Speaker 2: bottom trawl. New Zealand fishers wouldn't be able to bottom
- 4:54Speaker 2: trawl there. But some other mugger would come in and
- 4:56Speaker 2: do it anyway. So what the hell's the point in
- 4:58Speaker 2: this whole thing? And this idea that somehow there will
- 5:03Speaker 2: be an alternative method that somebody will dream up and
- 5:06Speaker 2: will replace all the bottom trawling that we are doing
- 5:08Speaker 2: in New Zealand, they say is fanciful. So very interesting piece.
- 5:12Speaker 2: I think you should go and have a read of it.
- 5:15Speaker 2: What do we do without fishing? 5.11, Newstalk ZB. Coming
- 5:22Speaker 2: up next, we'll look at AI. OpenAI is scrapping their
- 5:25Speaker 2: new model, safety concerns. What's that going to do to
- 5:28Speaker 2: their bottom line?
- 5:36Speaker 1: Ryan bridge on early edition with spark for business technology
- 5:41Speaker 1: that keeps business moving news talk.
- 5:43Speaker 2: Zb 513 the other question out of the pre-food from
- 5:45Speaker 2: yesterday is for labor and that's about their capital gains
- 5:48Speaker 2: tax so they have conservatively estimated that they need three
- 5:52Speaker 2: percent in capital gains to pay for the doctor's visits
- 5:55Speaker 2: that we are all going to enjoy well this would
- 5:59Speaker 2: have landed like a ton of bricks on Labour yesterday,
- 6:02Speaker 2: the pre-foo numbers for how much capital gain we will
- 6:06Speaker 2: actually get. So Treasury forecasting yesterday backwards 0.4 for 26,
- 6:11Speaker 2: just 0.6% growth in 27, 2.4 in 28, 3.7 in
- 6:12Speaker 2: 29 and 4.1 in 2030. So the average across the
- 6:14Speaker 2: period from which Labour expects, remember they need 3%. The
- 6:27Speaker 2: average on these numbers is growth of 3.12%, which is very,
- 6:34Speaker 2: very close, within a hair's breadth, to use an expression
- 6:38Speaker 2: Nicola Willis overused yesterday, of them not meeting the target.
- 6:42Speaker 2: And once you don't meet the target, then how do
- 6:43Speaker 2: you pay for the doctor's visits? OpenAI is scrapping the
- 6:48Speaker 2: rollout of its new model. This is Astra 6.1 over
- 6:51Speaker 2: safety concerns. Company says, quote, it didn't quite meet the
- 6:54Speaker 2: bar in terms of staying within the scope of authorization.
- 6:58Speaker 2: Oscar Howell is tech commentator with us this morning.
- 7:00Speaker 7: Hey, Oscar. Hey, Ryan. Thank you for having me.
- 7:03Speaker 2: Great to have you. So is this like a real
- 7:05Speaker 2: concern or is it just because we've had so many
- 7:07Speaker 2: bad headlines lately that they are thinking they should do
- 7:10Speaker 2: something about it?
- 7:12Speaker 7: Well, I mean, I think it's probably a little bit
- 7:13Speaker 7: of both, really. Ultimately, you can't really have these rogue
- 7:17Speaker 7: AIs going off and doing what they want. I mean,
- 7:21Speaker 7: one of their recent models, I'm not sure if hacked
- 7:23Speaker 7: is the right word, but gained unauthorized entry into a
- 7:26Speaker 7: number of Australian government systems, which seems to be what
- 7:31Speaker 7: may have prompted the kind of rollback of this model.
- 7:34Speaker 7: But yeah, it seems to be a growing problem as
- 7:36Speaker 7: these models become more and more advanced, but definitely something
- 7:39Speaker 7: to be thinking about.
- 7:40Speaker 2: So all very well that OpenAI has come out and said,
- 7:43Speaker 2: we will make sure our models either don't go ahead
- 7:46Speaker 2: or have guardrails around them. But there's nothing stopping other
- 7:50Speaker 2: firms from having the exact same technology with no guardrails, right?
- 7:57Speaker 7: Yeah, I'd say that's a pretty good summary of it.
- 7:59Speaker 7: I mean, ultimately, there's very little legislation or regulation around
- 8:03Speaker 7: the world that kind of insulates any sort of, you know,
- 8:08Speaker 7: organization or government from the effects of these AIs. So, yeah, absolutely.
- 8:12Speaker 7: And I mean, you've seen a number of kind of
- 8:15Speaker 7: quite high profile security issues from both of the big
- 8:18Speaker 7: ones in the Western market. You've got China with deep sea. Yeah,
- 8:21Speaker 7: I think it's a bit of a wild west at
- 8:23Speaker 7: the moment.
- 8:24Speaker 2: Oscar, where are we at with having AI defend all
- 8:28Speaker 2: of the government agencies, all of the websites, everything that's vulnerable?
- 8:32Speaker 2: Can we not have the AI do the opposite and
- 8:34Speaker 2: protect them all?
- 8:37Speaker 7: Well, isn't that the plot of Terminator? I mean, it
- 8:41Speaker 7: worries me a little bit, to be honest. I mean,
- 8:43Speaker 7: there's an old proverb by one of the managers at IBM,
- 8:46Speaker 7: which said a computer can't be held accountable, so it
- 8:50Speaker 7: should never make a management decision. So I certainly wouldn't
- 8:52Speaker 7: be putting it in charge of the nukes or putting
- 8:54Speaker 7: it in charge of any sensitive government databases. And that's
- 8:59Speaker 7: something I think, yeah, like I said, I think we
- 9:01Speaker 7: need to be talking about, certainly.
- 9:03Speaker 2: Good to have you on the show. Oscar Howell, who's
- 9:05Speaker 2: a tech commentator. Time is 17 minutes after five.
- 9:08Speaker 5: Ryan Bridge.
- 9:09Speaker 2: Sheen, you know, the company where you go and buy
- 9:11Speaker 2: really cheap stuff and it comes shipped to you from China. Well,
- 9:15Speaker 2: their shares are down 11%. They posted a 67% drop
- 9:19Speaker 2: in profits for the second quarter.
- 9:21Speaker 8: Why?
- 9:21Speaker 2: Well, they have competitors. And you would have noticed this.
- 9:23Speaker 2: Whenever you go on a website, like, I don't know
- 9:26Speaker 2: whether you go on Sheen or you go on, what's
- 9:28Speaker 2: the other one? There's Alibaba. What's the other one, Kenzie?
- 9:31Speaker 6: Teemu.
- 9:33Speaker 2: Timu is a big one. And they have, you know
- 9:35Speaker 2: you're on one of these sites when they have some
- 9:38Speaker 2: sort of wheel spinning and you can win a prize.
- 9:41Speaker 2: That's the first clue that something is awry. Anyway, this
- 9:45Speaker 2: one in particular has more competition from others just like it.
- 9:48Speaker 2: But also over in America and in Europe, they have
- 9:51Speaker 2: scrapped a tax exemption for small parcels. And these are
- 9:55Speaker 2: usually quite small and cheap parcels. Both of those things
- 9:59Speaker 2: hitting their bottom line. 18 After 5, you're on Newstalk ZB.
- 10:02Speaker 2: We'll talk about voting by post in Auckland next.
- 10:12Speaker 1: The news you need this morning and the in-depth analysis.
- 10:16Speaker 1: Early edition with Ryan Bridge and Spark for Business. Technology
- 10:20Speaker 1: that keeps business moving.
- 10:22Speaker 2: Newstalk ZB. 5.20, Ryan, this is from Craig. So the
- 10:26Speaker 2: Opportunity Party going to decimate the bottom trawling industry. Once again,
- 10:30Speaker 2: politicians thinking about themselves and no one else, especially those
- 10:33Speaker 2: who are actually doing the work. Zane says, Ryan, hey mate,
- 10:37Speaker 2: no one believes Treasury's pre-foo numbers. The last time Treasury
- 10:40Speaker 2: got anything right I had here, and that was decades ago.
- 10:45Speaker 2: So Auckland Council is ditching postal voting. Fraud scandals during
- 10:49Speaker 2: the 2025 vote undermined public confidence in democracy. Their words
- 10:53Speaker 2: voted to adopt a booth voting system now. That's going
- 10:58Speaker 2: to cost tens of millions of dollars. Richard Hills is
- 11:01Speaker 2: Auckland Councillor, joins us live this morning. Richard, good morning.
- 11:04Speaker 8: Good morning.
- 11:05Speaker 2: So I can understand why you've done it, because you
- 11:07Speaker 2: don't want people, you don't, I mean, no one votes
- 11:10Speaker 2: in local elections, barely votes in local elections anyway. The
- 11:12Speaker 2: last thing you want is for those who do vote
- 11:14Speaker 2: to be committing fraud.
- 11:16Speaker 8: Yeah, I mean, voter turnout is low, and we're not
- 11:19Speaker 8: saying that this change itself would completely change the turnout,
- 11:24Speaker 8: but I think it would help the integrity of the elections,
- 11:28Speaker 8: the trust of the elections. I mean, I'm delivering pamphlets
- 11:31Speaker 8: during elections and just see piles of voting papers sitting
- 11:34Speaker 8: in the rain and being eaten by snails. And sadly,
- 11:38Speaker 8: we did have some significant legal issues and alleged theft
- 11:44Speaker 8: and photos of, you know, you would have seen the
- 11:46Speaker 8: photos online of people holding hundreds of papers in their hands,
- 11:51Speaker 8: clearly voting illegally. And I think it's just time to
- 11:55Speaker 8: move away from posts. I mean, nobody uses... the post
- 11:58Speaker 8: for anything apart from local elections now. So it's a
- 12:02Speaker 8: time to move to booth voting. It is more expensive, though.
- 12:06Speaker 8: But I guess, you know, how much value do you
- 12:10Speaker 8: put on democracy? I think it's important that we move
- 12:13Speaker 8: to booth voting.
- 12:13Speaker 2: Yeah, it's kind of a necessary evil, isn't it? Why
- 12:16Speaker 2: the cost? So estimated to cost up to $ 40 million
- 12:20Speaker 2: compared to $ 16 million for postal voting.
- 12:24Speaker 8: Yeah, so the main cost is people and the technology
- 12:29Speaker 8: and the printing. So obviously you have to print more
- 12:32Speaker 8: ballots because there's more places, much like the central government elections.
- 12:36Speaker 8: So central government elections are sort of hundreds of millions
- 12:39Speaker 8: of dollars. So if you extrapolate that to Auckland, a
- 12:42Speaker 8: third of the country, that's why the cost is pretty high.
- 12:45Speaker 8: So we're going to have to have people at the
- 12:49Speaker 8: booths right around the city and making sure we've got
- 12:51Speaker 8: good coverage. printing and, of course, all the technology and
- 12:56Speaker 8: new computers and stuff to make sure we've got the
- 12:57Speaker 8: electoral roll sitting there. We would like the Electoral Commission
- 13:01Speaker 8: to take over this process. There would be savings there.
- 13:06Speaker 8: That still doesn't happen. So we have to do it
- 13:08Speaker 8: ourselves and bring in all the, you know, enrollment and
- 13:12Speaker 8: all the advertising and everything, you know, unique to Auckland.
- 13:15Speaker 8: So there could be savings if we did it sort
- 13:18Speaker 8: of nationally through the process and use the same system
- 13:21Speaker 8: as the government, but we don't.
- 13:23Speaker 2: It's still 2% of rates, according to Wayne Brown. I mean,
- 13:25Speaker 2: it is a lot of money. Is it not?
- 13:28Speaker 8: It's not quite 2%. So yesterday we put a ceiling,
- 13:33Speaker 8: which I don't believe is possible, an aim of $ 20 million,
- 13:36Speaker 8: which is about... You know, less than 1%. 1% of
- 13:39Speaker 8: rates is about $ 32 million. So it's about 1%. And
- 13:43Speaker 8: of course, we're only going to spend $ 16. So half
- 13:45Speaker 8: a percent.
- 13:46Speaker 2: I do wonder sometimes, Richard, with all of the advertising
- 13:49Speaker 2: that goes on, and it's happening with the central government elections.
- 13:54Speaker 2: Do we need to... I mean, people live in a democracy.
- 13:57Speaker 2: You can vote or you cannot vote. Do we really
- 13:59Speaker 2: need to blast them with advertising all the time? Because
- 14:02Speaker 2: that's expensive.
- 14:03Speaker 8: Yeah, we discussed that too.
- 14:05Speaker 7: It's more.
- 14:06Speaker 8: you know, where your voting places are, how to vote,
- 14:10Speaker 8: the fact it's on. Sadly, a lot of people, you know,
- 14:13Speaker 8: don't necessarily go about their lives that interested in politics
- 14:16Speaker 8: as you and I are. So it is important to
- 14:18Speaker 8: advertise it and try and increase awareness of how you
- 14:22Speaker 8: can find out about your candidates and how you can
- 14:25Speaker 8: actually vote. But yeah, we did discuss how can you
- 14:28Speaker 8: cut that back? How can you make sure you've got
- 14:30Speaker 8: a good level of, you know, awareness without, you know,
- 14:33Speaker 8: blasting as you say on big billboards around the city etc.
- 14:37Speaker 2: All right richard hills auckland councillor it is 24 minutes
- 14:39Speaker 2: after five.
- 14:40Speaker 1: Ryan bridge very expensive.
- 14:43Speaker 2: Although i did know even though they've put all of
- 14:45Speaker 2: the ads out they've done all of the comms they've
- 14:48Speaker 2: got all the media releases and the billboards from this
- 14:50Speaker 2: is the electoral commission for the central government vote well
- 14:55Speaker 2: Youth voting, I think the lowest at the moment registrations,
- 14:58Speaker 2: the lowest they have been at this point in the
- 15:01Speaker 2: cycle in a very long time, two-thirds of young people,
- 15:05Speaker 2: 18 to 25, have enrolled to vote. At the last election,
- 15:10Speaker 2: it was all said and done, almost 80%, so they
- 15:14Speaker 2: are well off that. 25 minutes after five, Newstalk ZB.
- 15:18Speaker 2: We'll look more at the pre-food next. Newstalk ZB, 27
- 15:20Speaker 2: after five. How much cash are we all going to
- 15:24Speaker 2: get back from tax cuts? That's the question this morning.
- 15:26Speaker 2: Nicola Willis is soon going to make an announcement about
- 15:29Speaker 2: their timing and potential value if, of course, they get
- 15:32Speaker 2: back to the Treasury benches. The good news out of
- 15:35Speaker 2: yesterday's pre-foo is that the books are out of structural
- 15:39Speaker 2: deficit this year. That means when the government borrows new
- 15:42Speaker 2: money going forward, it'll be for capital spending, not to
- 15:46Speaker 2: keep the lights on. We've essentially been borrowing money by
- 15:49Speaker 2: issuing bonds to pay for day-to-day spending. Fixing potholes with
- 15:53Speaker 2: a credit card when the cost of borrowing is heading
- 15:55Speaker 2: north is not a particularly smart way to run the books,
- 15:58Speaker 2: is it? Now, the numbers, the result, is helped by
- 16:02Speaker 2: the fact that the economy is growing. When the economy grows,
- 16:05Speaker 2: our wages grow with it. Inflation then pushes our wages
- 16:10Speaker 2: into a higher tax bracket. It's what they call bracket creep.
- 16:13Speaker 2: We've talked about it lots on the show. You end
- 16:16Speaker 2: up paying more tax because the tax brackets don't change
- 16:19Speaker 2: even when your wages do. So the government books are
- 16:23Speaker 2: improving off the back of Kiwis paying more taxes. How
- 16:27Speaker 2: much is that worth is the question. Well, the pre-foo
- 16:30Speaker 2: reckons around a third of the extra revenue that the
- 16:35Speaker 2: government coffers will get comes from bracket creep, comes from
- 16:38Speaker 2: us paying more. Patrick Smalley at Business Desk estimates $ 15
- 16:42Speaker 2: billion will be collected over five years from this. That
- 16:47Speaker 2: creates about $ 3 billion a year in potential tax cut
- 16:50Speaker 2: kitty created by wage inflation. So the question now is,
- 16:55Speaker 2: when does this happen? And will Nicola Willis' coalition partners
- 16:59Speaker 2: allow it to happen? Tax cuts. As the old saying goes,
- 17:03Speaker 2: to the victor goes the spoils. Taxpayers are the real
- 17:05Speaker 2: victors here, the real heroes. And more money in our
- 17:09Speaker 2: pockets to offset higher prices will surely be a welcome thing.
- 17:14Speaker 2: She's got an announcement happening today. I don't know if
- 17:19Speaker 2: that's it or not. I noticed yesterday on Heather's show,
- 17:25Speaker 2: she was asked about this, and she said, I'm not
- 17:28Speaker 2: saying yes, I'm not saying no. She did hint a
- 17:31Speaker 2: couple of weeks ago at that Business NZ conference that
- 17:33Speaker 2: she would make an announcement, some sort of an announcement,
- 17:37Speaker 2: heavily caveated, but an announcement no less. So I think
- 17:42Speaker 2: either today or probably by the end of the week, surely.
- 17:44Speaker 2: Newstalk ZB, we're in the UK next.
- 17:52Speaker 1: The early edition full show podcast on iHeartRadio. Powered by
- 17:57Speaker 1: Newstalk Zippy. Hear it first. Ryan Bridge on early edition
- 18:02Speaker 1: with Spark for Business, technology that keeps business moving. Newstalk ZB.
- 18:10Speaker 2: 24 away from six here on Newstalk ZB. Coming up,
- 18:14Speaker 2: we'll talk to David Seymour about the surplus and the
- 18:16Speaker 2: pre-fue numbers. Yesterday, we'll go to Gavin Gray in the UK.
- 18:19Speaker 2: Marco Rubio making noises about how much the Americans knew
- 18:22Speaker 2: about these five guys who've now been released on bail
- 18:25Speaker 2: after a suspected terror plot outside of an Air Force base.
- 18:29Speaker 2: all of that to come uh good morning ryan this
- 18:32Speaker 2: is from hamish what an absolute waste of money this
- 18:34Speaker 2: is on the postal voting vote if you want by
- 18:37Speaker 2: post um hamish the problem is people were ripping off
- 18:40Speaker 2: the system so you've got to do something about that
- 18:42Speaker 2: don't you uh ryan this is crazy says sandy once
- 18:46Speaker 2: again it's weeks from voting and we new zealanders don't
- 18:49Speaker 2: know where to vote is it all online How would
- 18:52Speaker 2: folk know whether they can computer vote or not? Is
- 18:55Speaker 2: it a physical building or will it be a postal voting?
- 18:58Speaker 2: How come different areas in New Zealand can choose how
- 19:01Speaker 2: their residents vote? Sandy, to be clear, the interview we
- 19:05Speaker 2: did with Richard Hills is all about local elections. So
- 19:08Speaker 2: that's when you vote for your mayor and your councillors.
- 19:10Speaker 2: That's separate to what's going on at the moment, which
- 19:12Speaker 2: is for central government. Now, I had a look for you, Sandy,
- 19:16Speaker 2: because I see that you're worried about where you can vote.
- 19:19Speaker 2: Go down to your local town hall. Go down to
- 19:21Speaker 2: your local school hall anywhere on voting day and you
- 19:25Speaker 2: can vote. The thing is, you have to be registered.
- 19:28Speaker 2: So you have to enroll to vote. And to do that,
- 19:30Speaker 2: you've got till the 25th of October. You've got a month, Sandy,
- 19:34Speaker 2: to enroll. And you can enroll at vote.nz. If you
- 19:37Speaker 2: don't have a... I've gone and looked at all this
- 19:39Speaker 2: for you, Sandy. If you don't have the internet, you
- 19:42Speaker 2: can email them. Well, if you haven't got the internet,
- 19:45Speaker 2: you haven't got email, in there thankfully there is a
- 19:49Speaker 2: phone number and it's actually i was quite surprised to
- 19:52Speaker 2: learn 24 7 phone number you can ring 0800 367
- 19:55Speaker 2: 656 and they will tell you how when where you
- 20:02Speaker 2: can enroll if you're not already 22 minutes away from.
- 20:05Speaker 1: Six Ryan Bridge.
- 20:07Speaker 2: Don't need to say I never give you a PSA.
- 20:09Speaker 2: Callum in Dunedin.
- 20:10Speaker 6: Morning, Callum.
- 20:11Speaker 7: Morning, Ryan.
- 20:12Speaker 2: What's the update on this now third investigation into Lockie
- 20:15Speaker 2: Jones's death?
- 20:17Speaker 9: The coroner's given interested parties until February to recommend whether
- 20:22Speaker 9: another inquest, a third inquest into the death of the
- 20:24Speaker 9: Gore toddler should continue. Three-year-old Lockie Jones was found in
- 20:28Speaker 9: a council oxidation pond near his home in 2019. And
- 20:32Speaker 9: two earlier investigations concluded he likely drowned. A third police
- 20:37Speaker 9: investigation was launched last year. Its findings have been given
- 20:40Speaker 9: to Coroner Alexander Ho back in August. He says interested
- 20:44Speaker 9: parties have been given restricted access to the reinvestigation file
- 20:48Speaker 9: before he decides whether to continue or conclude the coronial inquiry.
- 20:54Speaker 9: He's taken in, given account for Christmas and New Year's
- 20:57Speaker 9: as well.
- 20:57Speaker 2: OK, how's the weather? Mostly fine around the south today.
- 21:01Speaker 9: Dunedin's fine light winds afternoon, easterlies and 16.
- 21:03Speaker 2: Nice one. Clare in Christchurch. Morning, Clare.
- 21:05Speaker 10: Good morning.
- 21:06Speaker 2: You've got a crime spree there.
- 21:08Speaker 10: Yeah, it's been a busy 24 hours for our police.
- 21:10Speaker 10: We have five youths arrested after a spree across Christchurch
- 21:13Speaker 10: yesterday which included an assault on a dairy worker. Police
- 21:17Speaker 10: say they were alerted to some car thefts and then
- 21:20Speaker 10: reports of dangerous driving earlier yesterday morning. Then they were
- 21:23Speaker 10: notified of this dairy owner being assaulted in Dellington. The
- 21:27Speaker 10: group apparently fled in a vehicle when another customer walked
- 21:31Speaker 10: into the dairy. A helicopter was then used to track
- 21:33Speaker 10: them and some youths were arrested about 3pm. Area Commander
- 21:37Speaker 10: Superintendent Lane Todd says charges are still pending and police
- 21:40Speaker 10: are also working to identify others who might be involved.
- 21:44Speaker 10: It came in amongst a very busy day. We had
- 21:46Speaker 10: a child seriously injured in a dog attack in Adenui
- 21:49Speaker 10: as well. A staffy cross has been seized by animal management,
- 21:53Speaker 10: which is investigating that. And finally, we did have a
- 21:55Speaker 10: little bit of kind of good news. A 40-year-old man
- 21:58Speaker 10: due in court on Friday finally arrested over the alleged
- 22:02Speaker 10: theft of several memorial plaques. including one that honoured some
- 22:06Speaker 10: students killed in the CTV building during the quake.
- 22:08Speaker 2: Oh my goodness. So the good news is he was arrested,
- 22:11Speaker 2: I'm assuming.
- 22:11Speaker 10: Arrested, finally. Yeah, we've been looking for this guy for
- 22:14Speaker 10: some time. There's been multiple plaques stolen across Christchurch in
- 22:17Speaker 10: recent weeks.
- 22:18Speaker 8: Terrible.
- 22:19Speaker 2: How's your weather?
- 22:20Speaker 10: Morning cloud about today. A few showers for Banks Peninsula.
- 22:23Speaker 10: North Easterlies developing and the high will be 14.
- 22:25Speaker 2: Thank you, Clare. Tobias in Wellington. Hey, Tobias.
- 22:28Speaker 11: Hey, Ryan.
- 22:29Speaker 2: You've got an update on the Chateau Tongarello.
- 22:32Speaker 11: Yeah, we're heading up State Highway 1 a bit this
- 22:35Speaker 11: morning to the base of Mount Ruapehu. We understand iwi,
- 22:39Speaker 11: they actually prefer demolishing the chateau, while the Department of
- 22:43Speaker 11: Conservation is looking into a long-term lease. So new documents
- 22:48Speaker 11: obtained by Newstalk ZB show dock officials, well they did
- 22:51Speaker 11: actually tell the Conservation Minister that a commercial lease has
- 22:55Speaker 11: significant treaty risks to it. DOC has spent more than
- 22:58Speaker 11: $ 4. 5 million maintaining the famous heritage site since it shut
- 23:03Speaker 11: its doors in early 2023. So officials say treaty partners,
- 23:07Speaker 11: they want demolition. It's a first step in a new
- 23:10Speaker 11: vision for Tongariro National Park and do not want a
- 23:14Speaker 11: lease as it could constrain future settlements. While DOC, they
- 23:18Speaker 11: still believe that a lease will offer economic benefits, restore
- 23:21Speaker 11: visitors and minimise long-term costs. So we'll have to keep
- 23:25Speaker 11: an eye on what happens in this space.
- 23:27Speaker 7: All right.
- 23:28Speaker 2: How's the weather?
- 23:29Speaker 11: Cloudy. Chance of a shower around midday. Northerlies this evening
- 23:32Speaker 11: and 15 the high in Wellington.
- 23:34Speaker 2: Cheers to best. Neva, good morning.
- 23:36Speaker 5: Good morning.
- 23:37Speaker 2: Yeah, David Seam was looking at an Epsom site for
- 23:40Speaker 2: a co-ed public school.
- 23:41Speaker 6: Yes.
- 23:41Speaker 12: Now, look, since the 1880s, a 37-acre site in Epsom
- 23:46Speaker 12: was used to train teachers.
- 23:48Speaker 8: So.
- 23:48Speaker 12: Now Epsom MP and ACT leader David Seymour, he wants
- 23:51Speaker 12: the site, empty, since the last of the Auckland Uni
- 23:54Speaker 12: students left back in 2024, to be the new location
- 23:57Speaker 12: of an unzoned co-ed public school. And not just any school, Ryan, no.
- 24:02Speaker 12: One jointly operated by two of the country's top state facilities.
- 24:05Speaker 12: That's the neighbouring Auckland Grammar and Epsom Girls Grammar. Now
- 24:08Speaker 12: Seymour told the Herald that, you know, they would like
- 24:11Speaker 12: to co-sponsor a co-educational high school in the ethos of
- 24:15Speaker 12: those two excellent schools.
- 24:16Speaker 13: His words.
- 24:17Speaker 12: He says because the motivation of all of this is
- 24:19Speaker 12: that if this land becomes housing, then that will put
- 24:22Speaker 12: huge pressure on their rolls. But on the other hand,
- 24:25Speaker 12: if they can add a new high-quality school to Auckland,
- 24:27Speaker 12: then he reckons it's got to be a good thing
- 24:29Speaker 12: for everybody.
- 24:30Speaker 2: Sounds like it.
- 24:30Speaker 7: So there you have it.
- 24:31Speaker 2: How's the weather?
- 24:32Speaker 12: Partly cloudy. We've got isolated showers, though, clearing to fine
- 24:34Speaker 12: in the afternoon. 17 in the high here in Auckland.
- 24:37Speaker 2: Brilliant, Neva. Thank you very much. It is 17 away
- 24:39Speaker 2: from 6. By the way, we keep talking about triple
- 24:43Speaker 2: lock to do with the Brits and their pensions. Triple lock,
- 24:45Speaker 2: that's where your state pension increases in line with inflation
- 24:49Speaker 2: or wages, or if neither of those are lifting that much,
- 24:53Speaker 2: then you get 2.5% a year, whichever is the highest.
- 24:57Speaker 2: That's what Burnham wants to go after. He says it's unaffordable.
- 25:00Speaker 2: We're in the UK next. Here's a thought for the
- 25:03Speaker 2: weekend ahead. Go and stand inside a house that you
- 25:06Speaker 2: might actually be able to afford. How's Me Show Homes.
- 25:09Speaker 2: There's eight of them around the country, Whangarei right down
- 25:11Speaker 2: to Cromwell. You can scroll through transportable homes online all
- 25:15Speaker 2: day long, but you don't really know until you're standing
- 25:18Speaker 2: inside one, working out whether your couch actually fits. No appointment?
- 25:22Speaker 2: Simply turn up, come in, have a look, ask whatever
- 25:25Speaker 2: you like. And have a think about what you'd use
- 25:27Speaker 2: this for. Your own place? A rental? Somewhere for mum
- 25:30Speaker 2: and dad or the kids who show no signs of
- 25:33Speaker 2: leaving anytime soon? Now here's the sweetener for you. Buy
- 25:36Speaker 2: a House Me Home before the end of October and
- 25:39Speaker 2: they'll throw in a free whiteware bundle. Fridge, microwave, washing
- 25:43Speaker 2: machine and a dishwasher where it applies. Getting close to
- 25:47Speaker 2: seven grand worth of free gear not to be scoffed at.
- 25:51Speaker 2: Howsme have been in it for a very long time,
- 25:53Speaker 2: build and delivering around 40 homes per month. Prices on
- 25:57Speaker 2: the website, all of them, howsme.co.nz. Affordable, transportable, reliable.
- 26:03Speaker 1: International Correspondence with NZI Insurance. Peace of mind for New
- 26:07Speaker 1: Zealand business.
- 26:09Speaker 2: Gavin Gray, our UK-Europe correspondent. Rubio's been talking about these
- 26:13Speaker 2: arrests and then bail. The guys who they thought did
- 26:16Speaker 2: some terror stuff, explosives work around an Air Force base. Gavin,
- 26:20Speaker 2: what's Rubio been saying?
- 26:23Speaker 14: Well, it's such a confusing picture. We're getting one set
- 26:26Speaker 14: of things here from the UK authorities. As you said,
- 26:28Speaker 14: these five men, all in their 20s, all from London.
- 26:31Speaker 14: have been bailed. They were arrested outside the Air Force Base,
- 26:34Speaker 14: which is a forward operating location used by the U.S.
- 26:38Speaker 14: Air Force for decades and more recently launching attacks on
- 26:41Speaker 14: Iran from there. And then Donald Trump on telly saying
- 26:44Speaker 14: we were monitoring that they were looking to do big
- 26:46Speaker 14: damage to our base. Now Marco Rubio saying we're dealing
- 26:49Speaker 14: with elements in the world here in the case of
- 26:51Speaker 14: Iran who have openly threatened to attack American interests globally.
- 26:54Speaker 14: and he said that it's clear a foreign actor had
- 26:57Speaker 14: been involved in this incident. Now, he didn't provide any evidence,
- 27:01Speaker 14: and Tehran denies any involvement. Indeed, the embassy for Iran
- 27:06Speaker 14: here in London said it categorically rejects and strongly condemns
- 27:09Speaker 14: the recent unfounded and malicious speculations. So we've got one
- 27:13Speaker 14: side saying how serious it is, the Americans. We've got
- 27:15Speaker 14: the British who have bailed these five, saying they're not
- 27:18Speaker 14: ruled out from investigations, but the fact they bailed them
- 27:21Speaker 14: having had anti-terror police there and explosives officers is really,
- 27:26Speaker 14: really odd and at odds with each other.
- 27:29Speaker 2: Yeah, it's a very weird picture that's being painted at
- 27:31Speaker 2: the moment and not helped by what's coming out of
- 27:33Speaker 2: the White House. What about the cut to the pensions
- 27:35Speaker 2: that Burnham's talking about?
- 27:38Speaker 14: Yeah, big news there. So his first speech in charge
- 27:42Speaker 14: of his own Labour Party at their party conference today,
- 27:44Speaker 14: and he is effectively scrapping the triple lock for pensions. Now,
- 27:48Speaker 14: the triple lock guarantees that the state pension goes up
- 27:51Speaker 14: each year in line with inflation or average wage increases
- 27:56Speaker 14: or 2.5%, whichever is the highest. It was brought in
- 27:59Speaker 14: in 2010 by David Cameron, and it is the largest
- 28:03Speaker 14: benefit now. State benefits, state pension benefits are the largest
- 28:07Speaker 14: benefits paid in the UK, coming in at over 330
- 28:09Speaker 14: billion New Zealand dollars a year. But in their manifesto
- 28:15Speaker 14: in 2024, Labour said they are going to keep the
- 28:17Speaker 14: triple lock. Today, Andy Burnham said, well, we won't include
- 28:21Speaker 14: wage increases in that. It's more a double lock. And
- 28:24Speaker 14: that could severely and drastically reduce the value of pensions
- 28:27Speaker 14: given to everyone in the UK at different ages. On
- 28:30Speaker 14: an average day, though, this is being done to try
- 28:33Speaker 14: and free up money for care when people get elderly
- 28:39Speaker 14: or need home care or indeed nursing care. And on average,
- 28:43Speaker 14: 13,000 people are having delayed discharges in England. One in
- 28:48Speaker 14: 10 hospital beds blocked by someone who's medically fit enough
- 28:51Speaker 14: to be discharged. But there is nowhere in the care
- 28:54Speaker 14: system for them. And that's what he's freeing up this
- 28:56Speaker 14: money for. Though opponents say saving on the triple lock
- 29:00Speaker 14: won't be enough to pay for his plans for care.
- 29:02Speaker 2: Potentially literal suicide, I would have thought, too. Thanks so
- 29:05Speaker 2: much for that, Gavin Gray, our UK Europe correspondent. Treasury
- 29:10Speaker 2: now forecasting a $ 4 billion surplus in 28-29, up from 2.6.
- 29:16Speaker 15: The last thing the country needs right now is a
- 29:19Speaker 15: big increase in spending, just when the economy is coming
- 29:23Speaker 15: right and a surplus is within touching distance.
- 29:26Speaker 2: David Seymour, the ACT Party leader, with us this morning. David,
- 29:29Speaker 2: good morning.
- 29:30Speaker 1: Reliable.
- 29:31Speaker 2: How reliable are these numbers? You know, we've done about
- 29:34Speaker 2: a month ago, finalised a month ago. We've had a
- 29:37Speaker 2: bump in oil prices. We've had bond markets since then.
- 29:41Speaker 16: Well, the document does acknowledge that they cut off their
- 29:46Speaker 16: forecasting about a month ago, as you say. And in
- 29:49Speaker 16: that time, oil prices have risen. Anyone who's been to
- 29:51Speaker 16: the petrol station knows that. So also, there's been quite
- 29:56Speaker 16: a drive on bond prices recently. And I think we're
- 30:00Speaker 16: going to be hearing a lot more about the bond
- 30:02Speaker 16: markets and politics in the years to come. New Zealand's
- 30:06Speaker 16: 10-year government bonds have been as high as 5% in
- 30:10Speaker 16: the last month. When Grant Robertson borrowed $ 100 billion, we
- 30:14Speaker 16: were paying something like $ 2.
- 30:15Speaker 7: 5 billion.
- 30:16Speaker 16: So paying twice the interest rate, as anyone with a
- 30:19Speaker 16: mortgage knows, makes a big difference. The government has a
- 30:22Speaker 16: mortgage too. But I'd like to just zoom out a
- 30:27Speaker 16: little bit. You asked how reliable of a number. It's
- 30:29Speaker 16: not just because of what's happened in the last month.
- 30:33Speaker 16: But just remember that we were promised a surplus in
- 30:37Speaker 16: the current financial year of $ 2 billion. That was in
- 30:41Speaker 16: the same document before the 2023 election. We were promised
- 30:47Speaker 16: that debt would be $ 193 billion. Now it's $ 209 billion.
- 30:54Speaker 16: So what this document has told us is that the
- 30:57Speaker 16: surplus will be two years later than we were promised
- 31:00Speaker 16: last election, and debt will be $ 16 billion higher than
- 31:04Speaker 16: we were promised last election. And the current promises that
- 31:08Speaker 16: have just come out rely on a significant reduction in
- 31:13Speaker 16: government spending to get government spending under 30% of GDP
- 31:18Speaker 16: by the end of the decade. It's currently about 32.5%. So,
- 31:24Speaker 16: you know, all of this is still hopeful. And I
- 31:29Speaker 16: have to say, as the person in the government's been saying, guys,
- 31:33Speaker 16: we've got to save more money. We've got to save
- 31:36Speaker 16: money faster. All of the slippage is in some ways
- 31:40Speaker 16: of indication, but also very bad news because we're going
- 31:44Speaker 16: to have to work a lot harder to if we're
- 31:47Speaker 16: going to make the numbers real this time, as they
- 31:49Speaker 16: did not become real over the last three years.
- 31:51Speaker 2: Rather than just promises, David Seymour, ACT Party leader. It
- 31:55Speaker 2: is 8-6, Newstalk ZB.
- 31:58Speaker 1: The first word on the news of the day. Early
- 32:01Speaker 1: Edition with Ryan Bridge and Spark for Business. Technology that
- 32:05Speaker 1: keeps business moving. Newstalk ZB.
- 32:08Speaker 2: So they had another rate hike out of Australia yesterday.
- 32:11Speaker 2: They're at 4.6% now. That is the fourth hike this year.
- 32:15Speaker 2: And they are now the highest OCR in the developed
- 32:19Speaker 2: world outside of Iceland. And a lot of people are
- 32:22Speaker 2: not happy about that. As you can imagine, their house
- 32:24Speaker 2: prices are starting to take a hit. Not just from that,
- 32:26Speaker 2: but also the budget. It was a unanimous call, and
- 32:29Speaker 2: Chalmers not happy blaming the war. But actually, Michelle Bullock,
- 32:33Speaker 2: who's the governor over there, says inflation is not just
- 32:36Speaker 2: the Middle East. It's also domestic.
- 32:38Speaker 5: 5-2.
- 32:39Speaker 2: Good morning, Mike.
- 32:42Speaker 13: Morning, Ryan. She's right, too. It's the great debate is
- 32:44Speaker 13: the government spent. And they're spending and creating inflation. There's
- 32:47Speaker 13: no question about that. But that's what you get when
- 32:49Speaker 13: you get left-leaning governments.
- 32:50Speaker 2: What's more exciting? Let's play a game.
- 32:53Speaker 13: What's more exciting is the revelation from yesterday that they're
- 32:58Speaker 13: not going to name a number around their pay equity now,
- 33:02Speaker 13: despite the fact they would, said they would.
- 33:05Speaker 2: Is that a bigger deal?
- 33:06Speaker 13: Or is the Opportunities Party turning out to be a
- 33:09Speaker 13: complete and utter non-event, going to lead to them not
- 33:12Speaker 13: getting to 5%?
- 33:14Speaker 2: You say the non-event. Did you read that piece from
- 33:18Speaker 2: Jonathan Milne in the newsroom yesterday about the bottom trawling
- 33:21Speaker 2: bottom line? So the bottom trawling bottom line, 70% of
- 33:25Speaker 2: our fishing is done by bottom trawling.
- 33:27Speaker 13: I heard you say that earlier on, but you've got
- 33:29Speaker 13: to remember that it's not literal fishing.
- 33:32Speaker 2: It's good night, nurse. It's goodbye fishing.
- 33:35Speaker 13: What people who thought the Opportunities Party were about was
- 33:38Speaker 13: something radical and different and wahoo and let's get amongst them.
- 33:42Speaker 2: They turned out to be nothing. I've always said they'll
- 33:44Speaker 2: never get to 5%. It's so hard to get to 5%. Exactly.
- 33:46Speaker 13: It's a flash in the pan. What they've done is
- 33:48Speaker 13: shot themselves in the foot. Any chance they had of
- 33:50Speaker 13: getting into Parliament is now gone. I just can't work
- 33:53Speaker 13: out whether they did that deliberately.
- 33:54Speaker 2: I don't think they even had a chance.
- 33:56Speaker 13: Well, did they do the radical stuff deliberately to get
- 33:59Speaker 13: your attention, to get to the five, the six, the
- 34:01Speaker 13: seven in the poll, to get them in the conversation?
- 34:02Speaker 2: I don't think there's that much brain power there. You
- 34:04Speaker 2: don't think there's that much brain power there? It's that
- 34:06Speaker 2: smart that's happening.
- 34:07Speaker 13: Anyway, Chris Hipkins is in the studio this morning. Yeah,
- 34:11Speaker 13: that's what I thought. I mean, three o'clock I came
- 34:13Speaker 13: in here and I thought, bloody hell, I might as
- 34:16Speaker 13: well go home. Anyway, Nicola Willis is in the studio
- 34:18Speaker 13: as well.
- 34:19Speaker 2: Good stuff. Mike Next, ZB.
- 34:24Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 34:27Speaker 1: to News Talk ZB from 5 a.m. weekdays or follow
- 34:30Speaker 1: the podcast on iHeartRadio.