Latest / Early Edition with Ryan Bridge / Full Show Podcast: 22 June 2026
Transcript
- 0:00Speaker 1: The issues, the interviews and the insight. Bryan Bridge on
- 0:04Speaker 1: an early edition with Spark for business Technology that keeps
- 0:08Speaker 1: business moving, News talks.
- 0:10Speaker 2: There'd be good morning.
- 0:11Speaker 3: It is six a half to five. Great to be
- 0:13Speaker 3: back with you. Great to have your company. This Monday
- 0:15Speaker 3: morning coming up we'll talk can we Save It? With
- 0:17Speaker 3: Kirk Hope Gavin in the UK for us, Vickie Price
- 0:19Speaker 3: does the business and we will talk about the Greens
- 0:22Speaker 3: and their wealth tax plan again.
- 0:26Speaker 2: The agenda.
- 0:26Speaker 3: It is Monday, twenty second of June. We're waiting for
- 0:29Speaker 3: the hat to drop, basically for Starmer to just stand aside,
- 0:32Speaker 3: get out of the way, because Burnham has just won
- 0:36Speaker 3: the Makefield by election quite convincingly.
- 0:38Speaker 4: There will be no second chance, but it is a
- 0:41Speaker 4: chance now from this result tonight to build a new
- 0:45Speaker 4: politics based on unity and hope, turning away from the
- 0:50Speaker 4: path that takes us to a divided, dark politics of
- 0:54Speaker 4: the kine we see in the United States.
- 0:57Speaker 3: Interesting peace and the economists over the weekend about the
- 0:59Speaker 3: direction the Britain will take post Brixit more on next
- 1:02Speaker 3: shortly First, Peter Carr, this is a laboring and p
- 1:05Speaker 3: on the BBC a short time ago, but he's.
- 1:06Speaker 5: Also taking the time to think through what the political
- 1:09Speaker 5: realities are today compared to last week, the week before.
- 1:12Speaker 5: But I know that he's a prime minister who always
- 1:14Speaker 5: puts the country first, and that he'll be framing every
- 1:18Speaker 5: decision that he makes today on behalf of the country
- 1:20Speaker 5: in his day to day job as prime minister, but
- 1:22Speaker 5: also when he thinks about the party going forward.
- 1:24Speaker 3: And just for fun, Trump's jumped and he says Starmer
- 1:27Speaker 3: will resign. Andy wishes him well. Meanwhile, the US and
- 1:30Speaker 3: Ranian officials, they're starting talks and switch someone.
- 1:32Speaker 6: If they're willing to give up nuclear weapons ambitions and
- 1:35Speaker 6: for the long term, then the United States is willing
- 1:37Speaker 6: to fundamentally transform our relationship with that country. That is
- 1:41Speaker 6: certainly our goal. We've already made great progress over just
- 1:44Speaker 6: the last few hours, and I expect that we'll make
- 1:47Speaker 6: additional progress to the arist culp.
- 1:49Speaker 3: And it's like groundhog Day that closing the straight again.
- 1:51Speaker 7: President Donald Trump has posted on social media. He said this,
- 1:55Speaker 7: Iran must immediately stop their highly paid poxes in Lebanon
- 2:00Speaker 7: from causing trouble. If they don't, we will hit around
- 2:03Speaker 7: very hard again, just like we did last week.
- 2:06Speaker 3: Jer my Clarkson's cancer, prostate cancer in remission.
- 2:08Speaker 8: I'm perfectly fine, Mike. Only brows in particular are looking
- 2:13Speaker 8: very lustrous. And the reason why I'm fine is because
- 2:18Speaker 8: the doctor's caught the prostate cancer early, and they caught
- 2:22Speaker 8: it early because I got tested. Men die every year
- 2:27Speaker 8: from prostate cancer. Don't be one of them.
- 2:31Speaker 2: Get tested first.
- 2:33Speaker 1: Ryan Bridge on early edition with Spark for business technology
- 2:37Speaker 1: that keeps business moving, news talks.
- 2:39Speaker 3: It'd be then it's after five grade to heavy company.
- 2:41Speaker 3: What does greedy mean? If someone says to you or
- 2:44Speaker 3: that that person's greedy, what do you immediately think of them?
- 2:48Speaker 3: And are we not all a little bit greedy? I
- 2:50Speaker 3: want to talk to you about greed this morning because
- 2:52Speaker 3: the Greens came to talk to you about about grad
- 2:55Speaker 3: and I will make this point and I'll make it
- 2:57Speaker 3: later on when we talked to eRx bit about this.
- 2:59Speaker 3: But this is going nowhere, this policy. But I just
- 3:02Speaker 3: am fascinated by the word greed. This is a greed.
- 3:06Speaker 3: They are greedy people anyone with money basically, And if
- 3:11Speaker 3: you look at the definition of greed, it's wanting a
- 3:13Speaker 3: lot more food or money than you actually need. Now,
- 3:16Speaker 3: Madima and Chloe earn about between them four hundred thousand
- 3:19Speaker 3: dollars in base salary. You add to that expenses, you
- 3:23Speaker 3: add to that travel. Are they greedy? The living wage
- 3:27Speaker 3: living wage in New Zealand that covers basic expenses, covers breathing, room,
- 3:32Speaker 3: for rest activities, saving for a rainy day. Even as
- 3:35Speaker 3: a living wage, now that's twenty nine bucks in an hour.
- 3:37Speaker 3: It's about sixty two k a year. Chloe and Madima
- 3:41Speaker 3: earn at least three times that, triple what they need.
- 3:45Speaker 3: Does that make them greedy? No, I don't think it does. Personally.
- 3:49Speaker 3: I think it makes them ambitious. I think it means
- 3:51Speaker 3: they want better for their families. And good on them.
- 3:54Speaker 3: They're two women are combined half a million dollars with
- 3:58Speaker 3: expenses and income. Congratulations, well done, Good on you, whether
- 4:03Speaker 3: you are super rich, whatever that means. By the way,
- 4:06Speaker 3: rich or poor. We're all greedy in one way or another,
- 4:10Speaker 3: aren't we. Some are just enjoying pointing the finger to
- 4:13Speaker 3: make themselves feel a bit better about it. News talks,
- 4:17Speaker 3: you'd be it is ten after five. We'll talk about
- 4:19Speaker 3: the details of.
- 4:20Speaker 2: It next before the news breaks. Hear it first.
- 4:24Speaker 1: Ryan Bridge on early edition with spark for business, technology
- 4:28Speaker 1: that keeps business moving, news talks that'd be jese.
- 4:31Speaker 3: It was a twelve after bit of a walloping by
- 4:33Speaker 3: the Hurricanes over the weekend and shame for the Chiefs.
- 4:36Speaker 3: Sixty five was the end result. Congratulations to the Canes.
- 4:40Speaker 3: I told you they would do it this year. Reuben
- 4:42Speaker 3: Love describing what everyone kind of thinks Wellington is like
- 4:45Speaker 3: at the moment.
- 4:45Speaker 9: Living in Wellington's pretty tough and I don't want to
- 4:47Speaker 9: get political, but you know, people getting laid off jobs
- 4:49Speaker 9: and a lot of migration over Australian and personal friends
- 4:52Speaker 9: that I've had, you know, I've moved over just because
- 4:53Speaker 9: they've lost their jobs. And yeah, we just want to
- 4:54Speaker 9: make sure that all the people of the public, the
- 4:56Speaker 9: law and North Thailand, they're just proud to watch us
- 4:58Speaker 9: and especially callers.
- 5:00Speaker 3: Says sell Out.
- 5:00Speaker 9: I just know that there'll be a family that have
- 5:02Speaker 9: saved up money to come watch this game, or a
- 5:03Speaker 9: kid that's watching us and me for the first time,
- 5:06Speaker 9: and nice want to be able to give kids and
- 5:07Speaker 9: give people that experience.
- 5:09Speaker 3: Good on them. He seems like a nice guy and
- 5:11Speaker 3: they've had a big victory. Thirteen after five. Ryan Greene's
- 5:14Speaker 3: pushing for this wealth tax, aiming to raise thirty two
- 5:17Speaker 3: billion dollars over four years. This is according to the
- 5:20Speaker 3: plan that they have put out, and they did so yesterday.
- 5:24Speaker 10: We are putting out a policy that will benefit the majority.
- 5:29Speaker 10: Ninety six percent of people will pay the same or
- 5:33Speaker 10: less income tax. Ninety nine point seven percent of the
- 5:37Speaker 10: population will not pay the super rich tax.
- 5:40Speaker 3: Ninety six percent pay either the same or less. What's
- 5:44Speaker 3: the point in adding in the ones who are the same?
- 5:47Speaker 3: That is the question this morning. Sandy la Is with
- 5:49Speaker 3: us PwC Tax Partner. Sandy, Good morning, Good morning, Ray.
- 5:53Speaker 3: Nice to have you on the program. So they reconnet
- 5:55Speaker 3: revenue five point three five billion and twenty seven to
- 5:59Speaker 3: twenty eight rising five point nine four billion by twenty
- 6:02Speaker 3: thirty one. Are there numbers all adding up to you?
- 6:07Speaker 11: Look, I think it is a case of it was.
- 6:10Speaker 11: I mean, I need to work out and figure out
- 6:13Speaker 11: whether the numbers is correct or not. But it would
- 6:16Speaker 11: seem to suggest that, based on the information that's in
- 6:19Speaker 11: the package, that they have really looking to more to
- 6:23Speaker 11: tax those that are wealthy and the big corporations, and
- 6:28Speaker 11: so it all adds up to that five point something
- 6:31Speaker 11: billion that you refer to.
- 6:34Speaker 3: Do the wealth taxes work in other countries?
- 6:38Speaker 11: I think the wealth tax has is it's appealing in
- 6:43Speaker 11: some ways because and as the Green Parties one have suggested,
- 6:46Speaker 11: it only applies to a very limited number of people.
- 6:50Speaker 11: But in other countries what they've seen is that the
- 6:52Speaker 11: practicalities of it has been quite challenging to make up
- 6:56Speaker 11: work to make it worthwhile. So in a lot of
- 7:00Speaker 11: commentary has been around the compliance cost that might take
- 7:03Speaker 11: to collect the amount of tax that it will generate,
- 7:06Speaker 11: because you know things like valuation and if it'll be
- 7:10Speaker 11: there might be some well lowvel relief and sort of
- 7:13Speaker 11: delay in terms of cash pain that might I guess,
- 7:18Speaker 11: reduce the effectiveness of that. Oh well tech.
- 7:21Speaker 3: All right, Sandy, appreciate your time. This wanting Sandy laid
- 7:23Speaker 3: with us PwC Tax part in. The time is quarter
- 7:26Speaker 3: past five. You're on NEWSTALKSB and I tell you what
- 7:30Speaker 3: I told you. It doesn't really matter, and it doesn't.
- 7:33Speaker 3: We'll chat to you a little bit more about it
- 7:35Speaker 3: just coming up in about ten minutes time. But next
- 7:37Speaker 3: we're going to business for Vicky Price News and Views.
- 7:41Speaker 2: You trust to start your day.
- 7:43Speaker 1: It's early edition with Ryan Bridge and Spark for business
- 7:48Speaker 1: technology that keeps business moving News talksb five eighteen.
- 7:51Speaker 3: Ryan almost felt sorry for Chippy. This is from Graham
- 7:54Speaker 3: standing there on the news with his followers behind and
- 7:56Speaker 3: ruling out the Green policy. Yes, you feel sorry from NATO. Ryan,
- 8:02Speaker 3: They're being greedy. This is the Greens. They're the greedy
- 8:05Speaker 3: ones for wanting to take from us more than they need,
- 8:08Speaker 3: aren't they? The definition? Isn't that the definition of greed?
- 8:11Speaker 3: And should it not be applied to them? A good point?
- 8:14Speaker 3: Eighteen and a half to five, now, Bryan Bridge, Europe
- 8:17Speaker 3: is intent on reducing China content and imports and production.
- 8:21Speaker 3: Let's go to business correspondent Vicki Price for your Monday morning. Vicky,
- 8:24Speaker 3: good morning, good evening.
- 8:25Speaker 12: To you, Good morning to you.
- 8:28Speaker 3: So tell me what's what is the plan and what
- 8:31Speaker 3: is the goal here?
- 8:34Speaker 12: Well, the plan is being sort of slowly developing and
- 8:39Speaker 12: it's so far they haven't quite reached agreement across all
- 8:41Speaker 12: the countries. I mean, generally the issue has been that
- 8:44Speaker 12: Chinese imports have taken a bigger share of all the
- 8:48Speaker 12: inputs of the EU. And also, of course what they're
- 8:51Speaker 12: doing is they've increased the deficit the trade deficit that
- 8:54Speaker 12: exists between the YOU and China quite significantly over the
- 8:58Speaker 12: last year, and quite lot of imports are coming into
- 9:01Speaker 12: the U which are perceived to be dumped into the
- 9:07Speaker 12: U because there have been restrictions in other countries from
- 9:11Speaker 12: where of course the Chinese have tried to diversify and
- 9:14Speaker 12: sell more to the U. That is particularly evident in
- 9:19Speaker 12: the sales of electric vehicles. So what the Europeans are
- 9:24Speaker 12: trying to do now is to think that there must
- 9:26Speaker 12: be there and there are some sensitive sectors where manufacturing
- 9:29Speaker 12: is particularly affected by very large imports from China, where
- 9:34Speaker 12: there it needs to be a bit more protection. So
- 9:37Speaker 12: what they are suggesting is that for a number of
- 9:39Speaker 12: sectors which would actually include the current industry, one is
- 9:42Speaker 12: guessing this should be a wider range of possible imports,
- 9:48Speaker 12: even for inputs into the production process, that should be
- 9:51Speaker 12: looked at each time. So the suggestion is that legislation
- 9:54Speaker 12: will say they have to be at least three so
- 9:56Speaker 12: one has to look across and see where the other
- 9:58Speaker 12: things are available elsewhere that can come into the production
- 10:00Speaker 12: process before one settles for imports from China. But having
- 10:05Speaker 12: said all that, they have been imposing extra tariffs. So
- 10:07Speaker 12: electric vehicles have now got extra tariffs on them from China.
- 10:12Speaker 12: They were introduced in twenty twenty four, and of course
- 10:14Speaker 12: by the Chinese have done is they've now exported just hybrids,
- 10:18Speaker 12: a lot more hybrids coming into the use. So you
- 10:20Speaker 12: can't actually win. So the question is, and I think
- 10:22Speaker 12: it was a good thing the way you've phrased it.
- 10:25Speaker 12: There may be a plan, but whether you can actually
- 10:27Speaker 12: a agreed across all the countries and there's lots of
- 10:29Speaker 12: differences that exist, or even implement it properly, that's a big,
- 10:33Speaker 12: big question.
- 10:34Speaker 3: Indeed, in the UK inflation stable, interest rates and changed,
- 10:37Speaker 3: what about the Makefield by election and the fact that
- 10:40Speaker 3: Stama is probably about to walk and what's happening with
- 10:42Speaker 3: the bond markets here, well, the.
- 10:44Speaker 12: Bond markets are worried about this. There's a lot of
- 10:47Speaker 12: uncertainty around what's going to happen to the Chancellor, to
- 10:50Speaker 12: Reeves and also whoever takes over if they do, should
- 10:54Speaker 12: there be a change of people at the top, including
- 10:57Speaker 12: a new Prime minister, are they going to follow the
- 10:59Speaker 12: fiscal rules that have been set by ratio Reefs so far,
- 11:02Speaker 12: which the markets have generally liked now. Having looked, however,
- 11:06Speaker 12: at what yields have been doing over the last year
- 11:09Speaker 12: really actually since the new Labor government came to power.
- 11:14Speaker 12: What you've got is yields in the UK being considerably
- 11:17Speaker 12: higher than is the case in other countries, higher now
- 11:20Speaker 12: right now today than they are in the US, and
- 11:25Speaker 12: at least two percentage points high or one and a
- 11:27Speaker 12: half let's say, I'm exaggerating a bit depending on which
- 11:30Speaker 12: country you're looking at. If you look at Europe and
- 11:33Speaker 12: the yields there and those in the UK, so cost
- 11:36Speaker 12: of businesses are high, mortgage rates are high, so that's
- 11:40Speaker 12: not actually conducive to higher growth. So in many ways
- 11:43Speaker 12: one does need to pacify the capital markets. One needs
- 11:47Speaker 12: to explain that perhaps you know, whatever government comes in
- 11:51Speaker 12: it is going to be quite fiscally prudent. The markets
- 11:55Speaker 12: may not satisfy themselves for that for a while, so
- 11:58Speaker 12: we may well be seeing this high yields stay there
- 12:01Speaker 12: for a bit until things are clear.
- 12:04Speaker 3: Vicky, very quickly, what's happened with the Conservatives in Scotland
- 12:07Speaker 3: and ebeen winning a first Wistminster buy election winning more
- 12:11Speaker 3: than fifty years.
- 12:13Speaker 12: Well, yes, there were three by elections going on two
- 12:15Speaker 12: in Scotland, one of course in makers Field that make
- 12:17Speaker 12: us feel went of course for labor. The other one
- 12:19Speaker 12: of the Scottish one's Swiss and p But what's happened
- 12:21Speaker 12: to the Aberdeen one is that it went to the
- 12:24Speaker 12: Conservatives because the Conservatives have been arguing, in fact doing
- 12:28Speaker 12: all the by election canvassing and campaigning on reopening or
- 12:33Speaker 12: at least increasing the production of Nazi oil, which so
- 12:35Speaker 12: many jobs depend. So it's not very surprising that that
- 12:38Speaker 12: has happened, but it is a shock in some ways
- 12:41Speaker 12: because of course, as you rightly say, they haven't really
- 12:43Speaker 12: held that seat. You know, it's the first victory that
- 12:46Speaker 12: they have had in sort of decades.
- 12:48Speaker 3: There interesting stuff, Vicky Price, our business correspondent time is
- 12:52Speaker 3: twenty three minutes south to five. Fascinating, isn't it just
- 12:55Speaker 3: how much people? I mean, yes, people care about climate change,
- 12:59Speaker 3: but they care about jobs more than that, and no
- 13:00Speaker 3: more so than Aberdeen, it would seem. Over the weekend
- 13:03Speaker 3: I was in France just recently talking to a guy
- 13:05Speaker 3: who basically is an engineer for building new nuclear power plants.
- 13:12Speaker 3: In France they have the highest number in Europe. They
- 13:15Speaker 3: are almost energy and dependent off the back of a
- 13:17Speaker 3: nuclear power, and Macron is building more of the things
- 13:21Speaker 3: so that they can be so you know, we don't
- 13:24Speaker 3: have to rely on the Middle East as much, as
- 13:25Speaker 3: we don't rely on on the Russians as much, all
- 13:28Speaker 3: of that good stuff. But it's just fascinating the different
- 13:31Speaker 3: types of well, the different types of energy you can get,
- 13:35Speaker 3: and who turns their noses up at different types. And
- 13:39Speaker 3: certainly in France they're not worried about nuclear in fact,
- 13:41Speaker 3: they're building more of the things. Twenty four after five.
- 13:44Speaker 1: The early edition Full The Show podcast on iHeartRadio powered
- 13:48Speaker 1: by News TALKSB.
- 13:50Speaker 3: News TALKSB twenty six minutes after five. Great to have
- 13:53Speaker 3: your company this Monday morning. There is no real point
- 13:55Speaker 3: in talking about this latest looney bin tax plan that
- 13:59Speaker 3: will tax rab really from the Green Party, because it's
- 14:02Speaker 3: not going to happen. It's going to end up being
- 14:04Speaker 3: nothing more than a word doc on their website. Not
- 14:07Speaker 3: going to happen. However, an inheritance tax is about the
- 14:11Speaker 3: cruelest thing a state can impose on a grieving family
- 14:14Speaker 3: thirty three percent. When mum or dad dies, you've then
- 14:17Speaker 3: got to take out a loan from the bank. Congratulations Bank,
- 14:19Speaker 3: can pay the government, or sell the shares, sell the property, whatever,
- 14:23Speaker 3: then pay the state. Congratulations. State. The idea is that
- 14:27Speaker 3: somehow this act of forced goodwill, taxing assets that your
- 14:31Speaker 3: family has worked hard to acquire, using money that's already
- 14:34Speaker 3: probably being taxed, earning income that's already taxed well somewhere,
- 14:38Speaker 3: somehow materially change the lives of others. This idea is bs.
- 14:44Speaker 3: I've just been in France where they have exactly this system.
- 14:47Speaker 3: They have high personal income tax rates, and they are
- 14:50Speaker 3: swinging to the far right. And this plan includes a
- 14:54Speaker 3: wealth tax on everything from shares to companies, which only
- 14:58Speaker 3: a handful of other countries do, by the way, and
- 15:00Speaker 3: bother doing because you may have an asset, but it
- 15:03Speaker 3: doesn't mean you've got cash to pay tax on it.
- 15:06Speaker 3: Just a reminder, this is not how a country gets rich.
- 15:10Speaker 3: This is not how you create more jobs and industry.
- 15:13Speaker 3: It is not how you grow an economy. And if
- 15:17Speaker 3: you're not doing that, you're standing still or going backwards.
- 15:21Speaker 3: We've been doing that in this country for too long.
- 15:24Speaker 3: Ideas like this may be appealing on paper, in reality
- 15:28Speaker 3: almost never delivered the things that the politicians espousing them
- 15:33Speaker 3: promise on the hustings. You don't hear this set often,
- 15:36Speaker 3: but thank god for labor completely ruling this thing out.
- 15:40Speaker 2: Brian Bradley, twenty seven.
- 15:42Speaker 3: After five news talks hed BP, speaking of the National
- 15:46Speaker 3: Party had their annual little knees up over the weekend.
- 15:50Speaker 3: It is election year, of course, and you hear this
- 15:53Speaker 3: from Simey and Brown talking about the coalition partners.
- 15:57Speaker 13: One wants the heater on, the other throws the window open,
- 16:01Speaker 13: one wants the rugby on.
- 16:03Speaker 3: Now the once football.
- 16:04Speaker 6: You know who those two kids are.
- 16:08Speaker 14: With mom and dad in the middle, finding the time
- 16:10Speaker 14: and all the noise to get on and get the
- 16:13Speaker 14: job done.
- 16:15Speaker 3: I just think it was a funny odd It was
- 16:17Speaker 3: an odd analogy to use when you yourself look like
- 16:20Speaker 3: a kid, you know what I mean. Anyway, Hey, we've
- 16:23Speaker 3: got a big game today all Whites Egypt, happening at
- 16:26Speaker 3: one o'clock our time. Very important because a draw is
- 16:30Speaker 3: not good enough. We need to win this thing, basically,
- 16:33Speaker 3: I'm told in order to keep going and to stay
- 16:35Speaker 3: and we will have another match after it, but to
- 16:37Speaker 3: stay in the competition we will need to do very well. Indeed,
- 16:41Speaker 3: and we did well of course with a draw last week.
- 16:43Speaker 3: Against Iran last weekend, So congratulating that's happening at one
- 16:47Speaker 3: o'clock this afternoon for those who are interested. It is funny,
- 16:50Speaker 3: isn't it? Just the thought even the image of Simeon
- 16:53Speaker 3: Brown standing there calling calling Winston Peters a kid. I mean,
- 16:58Speaker 3: look at you. He's a lovely guy, but look at
- 17:00Speaker 3: him anyway. That is all coming up. Also, we will
- 17:04Speaker 3: talk about key we Saver. The big announcement out of
- 17:06Speaker 3: that conference over the weekend was key we Saber making
- 17:08Speaker 3: it compulsory. And immediately you think, well, just because you're
- 17:12Speaker 3: a key we Save a member, does that necessarily mean
- 17:14Speaker 3: that you have to contribute to key we Saver Or
- 17:16Speaker 3: can you just say yes, I'm a member and pay nothing?
- 17:19Speaker 3: In which case, what does your employer do? Those questions
- 17:22Speaker 3: and more answered with Kirk Hope. You're on news Talk, said.
- 17:26Speaker 1: B Ryan Bridge on early edition with Spunk for business
- 17:41Speaker 1: Technology that keeps business moving US talk zed b.
- 17:47Speaker 3: Trul to grow away from sex. You're on news Talk,
- 17:50Speaker 3: said b for your Monday morning. Great to have your
- 17:52Speaker 3: company coming up. Will talk key we Saver with Kirk Hope.
- 17:55Speaker 3: We'll talk about Starma. Is today the day possibly going
- 17:57Speaker 3: to be the day for him to say goodbye and
- 18:00Speaker 3: before Burnham to take over. There's a lot of pressure
- 18:02Speaker 3: for him and on for him to do that. Gavin
- 18:04Speaker 3: Gray is in the UK. For us the key we
- 18:06Speaker 3: savior thing will be interesting also, Graham Hart, you know
- 18:09Speaker 3: very rich man and as a tax resident of New Zealand.
- 18:13Speaker 3: So part of the Greens plan is all about taxing
- 18:16Speaker 3: the super super rich, the really rich ones. How do
- 18:19Speaker 3: you actually figure out how much their assets are worth
- 18:24Speaker 3: at any given point in time, Given they are global,
- 18:28Speaker 3: given some of them are privately owned, not listed, how
- 18:31Speaker 3: do you actually work out at one point in the
- 18:35Speaker 3: year how much those global assets are worth and therefore
- 18:38Speaker 3: how much tax that they should pay? Is that a
- 18:40Speaker 3: question they can even answer? Time is lots of text
- 18:43Speaker 3: on this this morning twenty three away.
- 18:44Speaker 2: From six Bryan Bridge.
- 18:46Speaker 3: Our reporters Callum Procter and Tonedan Callum, good morning morning, Ryan.
- 18:50Speaker 3: What's the new flight path taking off over Queenstown.
- 18:53Speaker 15: It's in New Zealand's laatest service to Queenstown to Brisbane.
- 18:57Speaker 15: It takes flight from today and it's the seasonal service,
- 19:01Speaker 15: so it's here for the next four months and it'll
- 19:04Speaker 15: operate three times a week through until October twenty third.
- 19:08Speaker 15: It'll offer more than seventeen thousand seats between the two destinations.
- 19:12Speaker 15: And this on the back of Jetstar similar service out
- 19:14Speaker 15: of Queenstown which started last week to Brisbane.
- 19:17Speaker 3: So more Ossie's than.
- 19:18Speaker 15: Ever expected here this winter in New Zealand, says Queenstown
- 19:21Speaker 15: is a year round favorite for Ossie's and this will
- 19:23Speaker 15: help bring more visitors to Queenstown and the wider South Island.
- 19:26Speaker 3: Nice one, how's the d edings where they coum?
- 19:29Speaker 15: It's fine today? Someone in cloud Westerley's die out thirteen
- 19:32Speaker 15: the high clear.
- 19:33Speaker 3: Good morning, good morning, good to hear you, and tell
- 19:37Speaker 3: us about the new pub coming to the stadium.
- 19:40Speaker 16: Yes, well, good timing after the Warriors game here at
- 19:43Speaker 16: one in zed Stadium yesterday, Ryan Christchurch's new stadium precinct
- 19:47Speaker 16: is sent to have Canterburys and potentially New Zealand's largest pub.
- 19:51Speaker 16: The Inkster Company has secured two Chiwham Street warehouses side
- 19:55Speaker 16: by side just across the road from the stadium. The
- 19:58Speaker 16: Lancaster is what they call it at the moment. It'll
- 20:01Speaker 16: have a one thousand seat capacity. It will cater to
- 20:04Speaker 16: sports fans and concert goers and will open early next year.
- 20:08Speaker 16: The owner, Ni Kinkster, is very well known around Christchurch
- 20:10Speaker 16: for owning some of the sort of big pubs here.
- 20:13Speaker 16: He says, this is a tribute to the old Lancaster
- 20:15Speaker 16: Park and we'll have some old nineteen eighties rugby club
- 20:18Speaker 16: room type feel about it. There'll be old timber paneling
- 20:21Speaker 16: at three sixty bar in the middle of the room,
- 20:24Speaker 16: as well as some big stages for live music. He
- 20:27Speaker 16: says the main goal is to make it two minutes
- 20:29Speaker 16: from pint to seat, with the stadium not even fifty meters.
- 20:33Speaker 13: From the pub.
- 20:33Speaker 3: All right, how's your weather?
- 20:35Speaker 16: Morning fog and there's also some frost out there this morning.
- 20:38Speaker 16: Should clear to find westerly's turning northeasterly and we'll make
- 20:41Speaker 16: twelve degrees.
- 20:42Speaker 3: Take care, Claire. Let's go to Tabia's Macintosh and Rollings
- 20:45Speaker 3: and to bears. Good morning, cold a Ryan be absolutely
- 20:47Speaker 3: loving that win from the hurricanes over the weekend.
- 20:50Speaker 14: But phizzink still phizzinc But we've got.
- 20:52Speaker 3: Down to one single and dryland of Ferry till mid September.
- 20:57Speaker 14: Yeah, as we heard in the news, fairies on the
- 20:59Speaker 14: Agena again their kyata He is out of service for
- 21:02Speaker 14: three weeks for essential maintenance here in Wellington before the
- 21:05Speaker 14: Kaitucky then heads to Singapore for dock work. KWI Rail
- 21:09Speaker 14: says it's essential for maintaining safe and reliable services through
- 21:13Speaker 14: to twenty twenty nine, when two rail enabled ships are
- 21:16Speaker 14: due to into service. It says it's worked closely with
- 21:19Speaker 14: freight and commercial customers in advance to support planning and
- 21:22Speaker 14: demand management, But the Maritime Union's Carl Finlay says it
- 21:26Speaker 14: stems from the government's decision to scrap Labour's Irex project.
- 21:30Speaker 14: He says when they can to the projects, they should
- 21:32Speaker 14: have planned ahead for what's to come, but instead New
- 21:35Speaker 14: Zealanders are now left paying the price.
- 21:37Speaker 3: At least we're good at swimming to bears. How's your weather?
- 21:41Speaker 14: Well, whims have actually died down since the rugby over
- 21:44Speaker 14: the weekend. A chance of a shower is still before
- 21:46Speaker 14: dawn thirteen the high today in Wellington.
- 21:49Speaker 3: Nice one and nevas and akan Good morning morning, lovely
- 21:52Speaker 3: to see you. Yes now, what's the latest on one
- 21:54Speaker 3: of the biggest money launderers in our history?
- 21:57Speaker 13: Yes now, this is Yay who has agreed to forfeit
- 22:01Speaker 13: three point three million dollars of assets in a deal
- 22:04Speaker 13: with police. So yeah, who was sentenced this is to
- 22:07Speaker 13: six years in prison back in twenty twenty three after
- 22:11Speaker 13: moving at least eighteen million dollars on behalf of you know,
- 22:14Speaker 13: some significant drug dealers in Auckland. But police alleged that
- 22:17Speaker 13: that actual figure is closer to twenty seven point five
- 22:20Speaker 13: million dollars. So last week who were reached a settlement
- 22:24Speaker 13: with police rather than continue the litigation in a second
- 22:27Speaker 13: high court trial. So what we know now is that
- 22:29Speaker 13: all who restrained assets they have now been forfeited. And
- 22:32Speaker 13: this includes the centalias family home.
- 22:34Speaker 3: Ah, there you go, there you go. I don't want
- 22:36Speaker 3: to lose that. But you're going to nine ten away
- 22:38Speaker 3: from the sex. How's our weather?
- 22:39Speaker 13: Isolated shells and four dawn? But then I'm quite fine.
- 22:42Speaker 13: Sixteen is the high here in Auckland.
- 22:44Speaker 3: Brilliant nev And might I say lovely to see you again?
- 22:47Speaker 8: Yes?
- 22:47Speaker 13: And you had a good holiday.
- 22:48Speaker 3: I had a great holiday. You know, you shouldn't complain
- 22:50Speaker 3: about things. But there was a heat wave unbearable like
- 22:55Speaker 3: thirty six or thirty seven? Agree?
- 22:57Speaker 13: What would you give it to your holiday?
- 22:59Speaker 3: Like nine zo point seven? Wow, it was the best,
- 23:03Speaker 3: probably the best hol that I've ever had in my life.
- 23:04Speaker 3: It was amazing, Yes, because of the people I went with,
- 23:07Speaker 3: you know, yeah, great makes a difference. Great friends had it,
- 23:10Speaker 3: just had a wonderful time. Very lucky. I'll probably get
- 23:13Speaker 3: taxed for that. There you go, nineteen minutes away from six.
- 23:18Speaker 3: Since two thousand and two, can you believe that Kiwi
- 23:21Speaker 3: Bank has been built on a simple but powerful idea
- 23:24Speaker 3: to be a New Zealand owned bank that works for
- 23:26Speaker 3: Kiwi and challenges the system to make banking fair for everyone.
- 23:29Speaker 3: More than two decades later, that commitment remains as strong
- 23:33Speaker 3: as ever. Guided by its purpose of Kiwi making Kiwi
- 23:37Speaker 3: better off, Kiwi Bank continues to back New Zealanders. They
- 23:40Speaker 3: do it every day with a different approach to banking,
- 23:42Speaker 3: one that puts people, communities, and the country's future first
- 23:47Speaker 3: before anything else. When you bank Kiwi, you're choosing a
- 23:50Speaker 3: bank that was born here and built to do things differently.
- 23:53Speaker 3: A bank that exists to create more competition, deliver better
- 23:56Speaker 3: outcomes for customers and help make banking fairer for everyone.
- 24:00Speaker 3: That's us because banking should do more than just manage money.
- 24:04Speaker 3: It should beck the people and the businesses that make
- 24:06Speaker 3: New Zealand stronger. Kiwi Bank isn't just another bank. It
- 24:09Speaker 3: was born to buck the system. Bank Kiwi Kiwi.
- 24:13Speaker 1: Bank International correspondence with ins and Eye Insurance, Peace of
- 24:18Speaker 1: mind for New Zealand business.
- 24:20Speaker 2: God the sext.
- 24:21Speaker 3: Let's go to the UK givin Gray with us, Kevin
- 24:23Speaker 3: lovely to have you on the show. How long now
- 24:26Speaker 3: until starm is out? Do we reckon?
- 24:29Speaker 17: Welcome back run? I think you've timed your return quite
- 24:32Speaker 17: well there, because all the news is that he's probably
- 24:35Speaker 17: going to make some announcement tomorrow Monday our time, and
- 24:38Speaker 17: it's probably not going to be an immediate standing down.
- 24:41Speaker 17: It'll be a sort of set of planning timetable if
- 24:44Speaker 17: you like, for that process to begin. The mood has
- 24:47Speaker 17: most certainly changed, I would say those I've spoken to
- 24:50Speaker 17: just in the last forty eight hours over the weekend
- 24:53Speaker 17: really from the insisting that he won't walk away and
- 24:56Speaker 17: will fight any leadership challenge to the he'll do the
- 24:59Speaker 17: right thing and what's in the best interests of the country.
- 25:02Speaker 17: So I think that's why we're now likely to see
- 25:05Speaker 17: him resign. Then, of course the big question is who
- 25:07Speaker 17: will stand against him. It looks like the overwhelming favorite
- 25:11Speaker 17: on the bookies is the Mayor of Manchester, the former
- 25:16Speaker 17: Mayor of Manchester, because they'll have to be replaced, Andy Burnham.
- 25:19Speaker 17: And then the question is, well, will anyone else stand
- 25:22Speaker 17: against him? Where's street In? The former Health Secretary said
- 25:24Speaker 17: he would, But lots of people are wanting a bloodless,
- 25:28Speaker 17: seamless transition and if there's a big contest, that might
- 25:31Speaker 17: not be the case. So each candidate who wants to
- 25:35Speaker 17: go into this must find eighty one MPs, that's twenty
- 25:39Speaker 17: percent of the MPs to back them in order to
- 25:41Speaker 17: get on the ballot. And that is quite a high threshold.
- 25:45Speaker 17: And it may be quite simply that that sorts it
- 25:47Speaker 17: down to just Streeting and Burnham. But of course the
- 25:50Speaker 17: question is will there actually be one? Will Streeting do
- 25:53Speaker 17: a pack to get a place in the cabinet, et cetera,
- 25:55Speaker 17: et cetera. The big question, then, of course, will be
- 25:57Speaker 17: timing when would the next Prime Minister take over. Plenty
- 26:01Speaker 17: believed the best time would be around September when the
- 26:03Speaker 17: Labor Party holds its annual conference.
- 26:05Speaker 3: All right, so we have a lame duck till the end. Now,
- 26:07Speaker 3: this East Midlands railway train that there were the collision
- 26:10Speaker 3: between two trains that were quite shocking and quite serious.
- 26:14Speaker 3: Someone died. But do we know why what happened or
- 26:17Speaker 3: how it happened.
- 26:17Speaker 17: Yet no, So all the investigations still continue. It does
- 26:22Speaker 17: appear that the trains were both heading in the same
- 26:26Speaker 17: direction towards London, London St. Pancras, the international station of
- 26:32Speaker 17: course that it's sending out for the Eurotunnel and Eurostar trains,
- 26:37Speaker 17: and they were both heading there, but one, it would appear,
- 26:39Speaker 17: was stationary near Bedford, a town to the north of London,
- 26:43Speaker 17: and the other one seems to have rammed into the
- 26:46Speaker 17: back of it, killing the driver and twenty eight people
- 26:50Speaker 17: remaining in hospital, nine are in a critical condition. And
- 26:53Speaker 17: now we're being told that the services there will be
- 26:56Speaker 17: disrupted for our week, which is obviously a fairly substantial
- 27:00Speaker 17: she'll delay for are those that use that route to
- 27:02Speaker 17: get to work. And so consequently the investigation is on
- 27:07Speaker 17: and continuing. Exactly why was the first train stopped, Why
- 27:11Speaker 17: wasn't the line effectively blocked to any other trains coming
- 27:15Speaker 17: in that direction? All this should be answered by the
- 27:18Speaker 17: various railway authorities.
- 27:20Speaker 3: All right, thanks so much for that Devin gray Are
- 27:22Speaker 3: UK europe correspondent, it is twelve minutes away from six
- 27:25Speaker 3: talk be. So Nashal wants to make care we save
- 27:27Speaker 3: a compulsory for every worker from twenty twenty eight. If
- 27:30Speaker 3: re elected, babies your bebe, you are automatically enrolled at
- 27:34Speaker 3: birth and you get a fifteen hundred dollars government bearber boost.
- 27:37Speaker 3: According to Nikola Willison Christopher Luckxen, No, we just thought
- 27:41Speaker 3: that was a good amount of money.
- 27:43Speaker 18: That actually, when you think about someone, I think a
- 27:44Speaker 18: baby born today, by the time they get to eighteen,
- 27:46Speaker 18: it's based off average returns, you're probably close to about
- 27:50Speaker 18: five thousand dollars by the time they hit eighteen.
- 27:52Speaker 2: We don't want anyone left behind.
- 27:53Speaker 3: Kirk Hope, Financial Services Council Chief Executive, with me this morning. Kirk,
- 27:57Speaker 3: good morning, good morning. So if you are enrolled in
- 28:00Speaker 3: can we save it? Does that mean you have to contribute?
- 28:04Speaker 8: No?
- 28:05Speaker 18: And that's I think that's part of the challenge that
- 28:08Speaker 18: the National's policy is trying to address. That you can
- 28:10Speaker 18: be enrolled and not contributing, and there's probably about a
- 28:12Speaker 18: third of people who aren't contributing in the scheme. And
- 28:15Speaker 18: if you're not contributing, then your employer doesn't have to contribute.
- 28:18Speaker 18: So so again making it compulsory will probably address some
- 28:22Speaker 18: of those some of those issues. To be fair, you know,
- 28:26Speaker 18: the countries that have pretty good saving schemes are all compulsory,
- 28:29Speaker 18: Australia and Singapore. So we would be moving in that
- 28:32Speaker 18: line if National's policy were to come to pass.
- 28:35Speaker 3: So those third of people who currently aren't enrolled but
- 28:38Speaker 3: would be enrolled, they would also have to contribute. It's
- 28:43Speaker 3: as long as they're working, they would be forced to contribute.
- 28:45Speaker 3: You can't just sit there enrolled but not pay anything.
- 28:49Speaker 18: That's correct. And as I said, you know so you
- 28:51Speaker 18: can be enrolled now but not contributing, so that that
- 28:54Speaker 18: is not ideal pertecutive. If you're trying to build retirement
- 28:58Speaker 18: savings for yourself.
- 29:00Speaker 3: What about the over sixty five? What do you make advance?
- 29:03Speaker 3: How significant?
- 29:05Speaker 18: Well it's going to become more significant as more of
- 29:07Speaker 18: old people are working beyond sixty five. So we've pushed
- 29:12Speaker 18: for this for some time. I think in the budget
- 29:14Speaker 18: and Budget twenty five they made an allowance for employees
- 29:18Speaker 18: to provides key say contributions for people between under eighteen,
- 29:23Speaker 18: So people who are working full time under eighteen. This
- 29:26Speaker 18: is an extension of that, so people over sixty five
- 29:28Speaker 18: will continue to receive employer contributions if they're still in
- 29:32Speaker 18: the workplace, which I think, which I think again is
- 29:34Speaker 18: a good thing because if people are living longer, they're
- 29:36Speaker 18: working longer, and they're wanting to continue to.
- 29:40Speaker 3: Save for when they stop working.
- 29:42Speaker 18: It's an important step.
- 29:44Speaker 3: It is, but it does mean that workers and businesses
- 29:46Speaker 3: are going to be out of pocket in the short term,
- 29:49Speaker 3: aren't we And at the same time we're still paying taxes,
- 29:52Speaker 3: you know, it was not like that's stopping to get
- 29:55Speaker 3: to pay for SUPER which presumably, but you know, by
- 29:58Speaker 3: the time I get there, they'll probably be no SUPER
- 30:00Speaker 3: for me.
- 30:02Speaker 18: Yeah, I mean, I think I think it's a fair point.
- 30:05Speaker 18: My observation would be, actually, once you get up into
- 30:09Speaker 18: you know, savings around the twenty dollars, you're generating about
- 30:13Speaker 18: twenty billion dollars worth of revenue for the government. So
- 30:15Speaker 18: these schemes do, these funds are producing tax revenue for
- 30:19Speaker 18: the government, which helps them make other decisions in relation
- 30:22Speaker 18: to say, for example.
- 30:23Speaker 3: National Supper, which are important decisions that will.
- 30:26Speaker 18: Have to be made. Everything stayed the same, Kirk good.
- 30:30Speaker 3: Heavy on this morning is always Kirk hop Financial Services
- 30:32Speaker 3: Council Chief Executive on the changes to key we Saver
- 30:36Speaker 3: that National wants to push through. Very similar to newste
- 30:38Speaker 3: On First. By the way, I think these god On
- 30:40Speaker 3: first policy was a one thousand dollars baby boost payment.
- 30:43Speaker 3: National has gone to one up them with a fifteen
- 30:45Speaker 3: hundred dollars payment. It is ninety six news Talk, said b.
- 30:50Speaker 1: The news you need this morning and the in depth
- 30:53Speaker 1: analysis early edition with Ryan Bridge and Spark for business
- 30:57Speaker 1: technology that keeps business moving.
- 31:00Speaker 2: News talks.
- 31:00Speaker 3: It is six to six News Talks THEB so the
- 31:03Speaker 3: H five N one straining the bird flu thing, Yes,
- 31:06Speaker 3: it is wild birds. It can spread across to poultry,
- 31:10Speaker 3: which would be a big warrior for US chickens and turkeys.
- 31:13Speaker 3: That would be a worry for US cattle should be okay,
- 31:15Speaker 3: they reckon. It's in Australia, made its way to Australia.
- 31:19Speaker 3: They found a dead bird. There's another dead bird they're
- 31:21Speaker 3: doing tests on. That started in the UK, then the US,
- 31:25Speaker 3: then twenty three it was Southern Hemisphere. Then it is
- 31:28Speaker 3: basically spreading like wildfire, but not I mean it's no
- 31:32Speaker 3: foot and mouth in terms of damage to industry. But
- 31:34Speaker 3: it is certainly something you want to keep your eye on,
- 31:36Speaker 3: and the government says they are. It is five to
- 31:38Speaker 3: two Ran. Mike is with you next. Good morning, Mike.
- 31:41Speaker 19: But also out so far out in Western Australia, not
- 31:46Speaker 19: only seven, not only Western Australia, but remote Western Australia.
- 31:50Speaker 19: You have to back yourself a little bit, wouldn't you
- 31:52Speaker 19: to contain that? But bird's flying its yeah, but it's
- 31:55Speaker 19: not like Perth. I mean it was per.
- 31:57Speaker 3: It's seven hundred k's from here, you know what I mean? Yeah? Anyway,
- 32:00Speaker 3: how was your holiday?
- 32:01Speaker 2: By the way?
- 32:02Speaker 3: Just superb? Was it good? Just superb?
- 32:04Speaker 19: Was it everything you thought it would be?
- 32:05Speaker 3: It was everything and more? And just thought, you know,
- 32:08Speaker 3: we're over in Europe and the light over there at
- 32:10Speaker 3: this time of year, because of course it's our shortest day,
- 32:13Speaker 3: the longest day, you know, eating dinner at ten thirty
- 32:16Speaker 3: at night? Do you know magic my ignorance?
- 32:19Speaker 19: I thought, do you realize it gets darker in New
- 32:22Speaker 19: York earlier than it does in London? Would you think
- 32:24Speaker 19: that if I just said to you, do you reckon
- 32:25Speaker 19: it gets dark at the same time? The answer is no,
- 32:28Speaker 19: New York gets darker an hour before London gets dark.
- 32:31Speaker 19: London gets dark right at ten o'clock. Okay, And I'm
- 32:33Speaker 19: so obviously you know on the map there in completely
- 32:37Speaker 19: different places, which which fooled me. But it's funny, isn't it.
- 32:40Speaker 19: So you're obviously a traveler. I got back the other
- 32:42Speaker 19: week and I don't need to go again.
- 32:45Speaker 3: Really. Oh no, I'm chomping.
- 32:47Speaker 19: So if I said, hey, I got a ticket to
- 32:49Speaker 19: wherever you'd be gone.
- 32:49Speaker 3: I'd be on the plane.
- 32:50Speaker 8: Yeah.
- 32:51Speaker 3: And I did that thing at the airport on Wednesday,
- 32:53Speaker 3: where you know you're going walking through and there's planes
- 32:57Speaker 3: going to here, there and everywhere. And I said that
- 32:59Speaker 3: my husband. I said, what if we just jumped on
- 33:01Speaker 3: that one, and just where would we end up? And
- 33:04Speaker 3: what would life be like? And just imagine that? Why
- 33:06Speaker 3: don't you do it? Well, it came to our senses.
- 33:10Speaker 3: I put my beer down and then we got on
- 33:12Speaker 3: the plane.
- 33:12Speaker 19: It's a no man's land, isn't it. The airport I find.
- 33:14Speaker 19: I find airport so that everyone's equal for a moment,
- 33:18Speaker 19: there is no time, and everyone's equal, and there's thousands
- 33:22Speaker 19: of them. That's the other thing. The world is traveling,
- 33:25Speaker 19: no question.
- 33:25Speaker 3: Unless you're in a lounge. Of course, it's not quite equal.
- 33:28Speaker 19: No, that's true that if you're in a lounge, it's
- 33:31Speaker 19: not and nor should it be. Speaking of which will
- 33:35Speaker 19: dabble very very briefly on the screens theme, all that nonsense,
- 33:40Speaker 19: and the super and the Prime ministers with us and
- 33:42Speaker 19: you know, and and they always today.
- 33:44Speaker 3: Yes, fantastic anyway you like?
- 33:48Speaker 18: No not?
- 33:48Speaker 3: When to get back Wednesday? What did you leave the country?
- 33:56Speaker 3: Tell Wednesday? It took five Hi.
- 34:00Speaker 19: You welcome back anyone?
- 34:02Speaker 3: Thank you, Mike with the next Happy Monday.
- 34:09Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 34:12Speaker 1: to News Talks it Be from five am weekdays, or
- 34:15Speaker 1: follow the podcast on iHeartRadio