Heather du Plessis-Allan Drive

Former Prince Andrew will get to stay in the Royal Lodge for another year, but likely won't receive compensation for the early termination of his lease. A shipment of German ammunition, thought to be 20,000 rounds, has been stolen from a delivery lorry after the driver for a civilian transport company left his truck in an unguarded parking lot. The Bank of England has warned of a potential "sharp correction" in the value of major tech companies amidst fears of an AI bubble. UK Correspondent Gavin Grey told Heather du Plessis-Allan, "the bank is outlining that the growth of the AI sector in the next 5 years will be fuelled by trillions of dollars of debt, raising financial stability risks if then companies go bust." LISTEN ABOVESee omnystudio.com/listener for privacy information.

In the end, I think Andrew Coster had to go. Look, you realize he's won a big victory today, don't you? Cause it's a big admission from the Public Service commissioner today that Andrew Coster didn't do anything wrong himself. He hadn't committed any personal wrongdoing and it's a big admission also that there was no cover-up. And the reason that it's a big admission is because of the number of times lots of ministers and also the new police commissioner went out there in media and said cover up, cover up, cover up, and then also in some cases said corruption. Now what I think this proves is exactly what I had intimated a few weeks ago. Yes, this was a scandal, but it was not the A plus plus plus plus plus plus scandal that these guys were kind of racking it up to be. That was politics. They wanted to play the game of the bad guys are out, we're the new guys, it's a new broom, that kind of thing. I didn't rate Andrew Coster as a police commissioner. I think he was rubbish at that job, but I always thought that he would be good at running the social investment agency because he's the kind of guy that likes the warm fuzzies and the early intervention, which is what the social investment agency was. It was never about hard policing. He was about warm fuzzies, the Social Investment agency is about warm fuzzies. So it is in a way a pity that the warm fuzzies guy cannot lead the warm fuzzies agency anymore. But ultimately, like Brian Roach said, he had to go because even though he did nothing wrong, the buck stopped with him at the police, and he made a series of bad calls that meant none of us could ever fully trust his judgment again. And he was going to be a political target. Who wants to be the minister or the government that protects the guy that protected Jevon McSkimming, even if he's the guy who didn't know that he was protecting the bad guy? And ultimately, we've probably got away lightly. I didn't want to have to pay him $124,000 but that was the low end of things. That was his notice period. It was probably the very least you could pay him. But count today as a small victory for Andrew Coster because he's cleared his reputation even if he's lost his job.See omnystudio.com/listener for privacy information.

Tonight on The Huddle Auckland councillor Maurice Williamson and Ali Jones from Red PR joined in on a discussion about the following issues of the day - and more! Andrew Coster has quit his role as CEO of the Social Investment Agency. He'll get paid three months notice, like a few other high profile servants who have recently "resigned". Are you uncomfortable that we're paying people out to quit rather than just sacking them? The school lunch drama between principal Peggy Burrows and Deputy Prime Minister David Seymour continues. Who do you think is telling the truth here? Do you care at all? Half of us apparently drive around with lapsed car registrations and WOFs. Is your registration and WOF up to date? Is it too much admin? LISTEN ABOVESee omnystudio.com/listener for privacy information.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday 3 December. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.See omnystudio.com/listener for privacy information.

Former Police Commissioner Andrew Coster resigned from his position as CEO of the Social Investment Agency following an Independent Police Conduct Authority (IPCA) report into how police handled complaints against former Deputy Commissioner Jevon McSkimming. Public Service Commissioner Sir Brian Roche said the result was 'appropriate', but shared positive experiences working with Coster. Roche told Heather du Plessis-Allan, "I believe him to be a person of integrity and very values-driven." LISTEN ABOVESee omnystudio.com/listener for privacy information.

In 2021 retired veterinarian and ex-mayoral candidate Leo Molloy was convicted for knowingly publishing a name in breach of a suppression. In a forum on the NZ Premier Racing Community's website called “Main Street Cafe” Molloy made a post identifying Jesse Kempson as Grace Millane's killer before he was publicly named. The Veterinary Council is now seeking censure and a $23,000 fine. "Not one veterinarian ever complained about what I did, and not one member of the public complained for that matter," Molloy told Heather du Plessis-Allan. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Newstalk ZB senior political correspondent Barry Soper talked to Heather du Plessis-Allan about today's political hot topics. Ex-Police Commissioner Andrew Coster resigned from his role as the CEO of the Social Investment Agency amid an inquiry into his involvement in the McSkimming case. The Treasury is over halfway through a review of state asset ownership, but they say the review is not driven by hope of asset sales. And, Donald Trump says he can abolish income tax because of how successful the tariffs are. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Accusations of mouldy school lunches from Haeata Community Campus has caused much back and forth between principal Peggy Burrows and Deputy Prime Minister David Seymour as blame is passed around. In an effort to get to the bottom of who is telling the truth Heather du Plessis-Allan grilled Seymour about the facts of the situation. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Grammy award winning popstar Sabrina Carpenter has slammed the White House after using her song 'Juno' in a video of immigration raids. She called the video 'evil and disgusting'. US Correspondent Jonathan Kearsley told Heather du Plessis-Allan, "I think the administration posts these videos, with music from vocal critics of their own campaign and administration, knowing full well the response they're going to get." Kearsley also chats about the backlash to US strikes on Venezuelan boats, and Witkoff and Putin's unsuccessful meeting in Moscow. He summed up the meeting saying, "essentially there is no compromise, there is no deal." LISTEN ABOVESee omnystudio.com/listener for privacy information.

An estimate from vehicle admin app Bonnet puts half of New Zealanders behind on their WOF or registration. Bonnet CEO Steph Kennard told Heather du Plessis-Allan the cost of living crisis is likely a contributing factor, alongside forgetfulness. Further concerns of financial pressure and forgetfulness are added when considering the incoming implementation of road user charges. LISTEN ABOVESee omnystudio.com/listener for privacy information.

On Monday, Auckland Mayor Wayne Brown revealed his plan for a 7.9% rates increase to pay for City Rail Link running costs of an estimated $235 million annually. This is the largest rate rise since Auckland Council was formed in 2010. Questions have begun arising of the legitimacy of Wayne Browns calculation of City Rail Link's projected running costs. Auckland Ratepayers Alliance spokesperson Jordan Williams told Heather du Plessis-Allan, "you're entitled to your own opinion or your political strategy, but you're not entitled to your own facts. And the facts are Auckland Transport have have called this out as being absolute nonsense." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Auckland Mayor Wayne Brown defends his annual $235 million operating cost calculation for the City Rail Link as scepticism arises. He told Heather du Plessis-Allan, "most of when you pay your rates, is paying things off. They're not free. "It's not free to have a road. It's not free to have a train. It's not free to have a bus." LISTEN ABOVESee omnystudio.com/listener for privacy information.

University of California professor and political analyst Dan Schnur talks to Heather du Plessis-Allan on the realities of doing international trade with the US in Trump's America. He explained that leaders must remember that Trump is first-and-foremost a businessman. "The city of San Francisco ... when they were worried that the Trump administration was going to send the Department of Homeland Security into their streets, they didn't deploy their congressional delegation. They sent business leaders." LISTEN ABOVESee omnystudio.com/listener for privacy information.

The woman at the centre of the Jevon McSkimming scandal has called for an inquiry into Police culture. Commissioner Richard Chambers denied that the Police have culture issues. Police Minister Mark Mitchell told Heather du Plessis-Allan that although a lack of values was shown by the previous commissioner, "you also had four very senior police officers that stood up with bravery and stuck to those police values and showed enormous integrity." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Tuesday 2 December. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.See omnystudio.com/listener for privacy information.

The big health news today is that the WHO is essentially calling for the funding of weight loss drugs like Wegovy and Ozempic for people who would otherwise not be able to afford it. So basically, make it not just for the rich, but for the poor as well. The WHO doesn't actually say governments should be the ones funding the drugs. An alternative interpretation of what they've said is that the people who make the drugs should drop the price to make them more affordable, but that's obviously not going to happen because profits. So you can probably assume, the bill lands with governments around the world. Now, that's a nice idea. And given how effective these drugs are in dropping weight off people, it would probably make a massive difference to the obesity rates in New Zealand, but it is simply not affordable for New Zealand. We have done the numbers before on the show. I'll run you through them again, OK? The drugs cost $500 a month. There are 1.5 million Kiwis who are considered obese. If we funded these drugs for all the obese people in this country at the moment, it would cost this country $9 billion a year. $9 billion is what we pay for all of our jails and the staff who run them. The Ministry of Justice, the whole court system, customs and our police force and our entire defence force. That is how much money $9 billion is. It is not affordable for us, it's not a one-off either. You don't just pay for it for a year and everybody's fat problems are solved and on we go with life and everybody can eat what they want to. These drugs, according to the WHO, are meant for long-term use. So that's $9 billion every single year, and the minute these people come off the drugs, they get fat again, right?So you have to keep funding it. Not a chance. Here's the happy news though. These drugs come off patent or start coming off patent in about 3 months, 4 months' time, which means that in short order, you can expect to buy knockoffs for knockoff prices. Which means punters who want to lose weight should be able to fund it themselves, and that is ultimately where the buck should stop, isn't it?See omnystudio.com/listener for privacy information.

The UK Government has announced plans to restrict the right to a jury trial in England and Wales to solve a backlog of 80,000 cases. Serious crimes like murder and rape will continue to be sent to jury trial, but minor crimes like shoplifting will be dealt with directly by a judge or magistrate. UK Correspondent Edna Brady has seen the need for reform first hand. "I've spent three decades going to court cases all over the UK and it never has ceased to stagger me. The inefficiency, the delays, just how slow everything is," she told Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Tonight on The Huddle host of Q&A and Saturday Mornings Jake Tame and Iron Duke Partners managing director Phil O'Reilly joined in on a discussion about the following issues of the day - and more! New South Wales is considering a plan to halve the power and top speed of e-bikes after a rider died in a collision with a garbage truck. Are e-bikes and e-scooters too fast? The World Health Organization officially backs Ozempic and says it should be made affordable. Should we publicly fund Ozempic? And they revisit the local government rates cap after letting the idea sit for 24-hours. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Australia's drug regulator, the Therapeutic Goods Administration (TGA), has added two new safety warnings about mental health and contraception for people taking weightloss drugs. The TGA said that suicidal behaviour and ideation have been reported with these relatively new GLP-1 receptor agonists and, despite no proven causal association, they feel awareness and caution is needed. Australian correspondent Murray Olds told Heather du Plessis-Allan, "There's still not a lot of information available. (Ozempic) hasn't been around long enough." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Newstalk ZB senior political correspondent Barry Soper chats to Heather du Plessis-Allan about the Andrew Coster inquiry, and Tamatha Paul calling for the defunding of NZ Police. Soper denies Paul's concerns over race bias in arrests made by NZ Police. "I don't think there's racism in the Police at all," he said. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government has announced the details on its plan for rates caps - councils will be capped at 4%.They will not be able to raise their rates by more than 4%, and the plan will start being implemented in a couple of years' time, sort of mid 27, and then will be fully in place by mid 2029.There will be exemptions to the rate cap. The high growth councils will be exempt from the cap. Councils that experience a natural disaster, something like bad weather, a quake, whatever, they will be exempt. Councils that need to catch up on infrastructure underinvestment, which I thought would have been most councils, they will be exempt.They will have to apply. The exempt will not be automatic. They will have to apply for an exemption, but those are the grounds they can apply on, which I think sounds like potentially a lot of councils who will be able to get around the 4% cap.Now, on the politics of it, it is incredibly smart to announce this - it is incredibly popular. One poll found that about 75% of people want to see this happen, and I really want this to work.I really want this to force councils to sharpen their pencils and start cutting out the nice to haves like the disco toilets and the bus stops with the gardens spouting from the top. And I want them to be able to be going through their staff list and maybe discover like Wellington has in the last week, about 330 people who probably don't need to be paid for by the ratepayer.And this will definitely, I think, do that. It will force a bit of discipline.But what does worry me is that this isn't dealing with the actual problem that we've got in local government, which is that we have a bunch of numpties sitting around the council tables making bad financial decisions.After this, we will still have numpties sitting around the council table, and those numpties will still make bad financial decisions.And if there's one thing that we've learned from recent experience with Wellington City Council, it's that when numpties cut spending, They cut spending on important things like pipes and for some weird reason they keep on spending on the dumb stuff like disco toilets, and I worry that that will happen around the country and we will simply end up with another crisis like we're having at the moment of deferred maintenance.Having said that, It is obviously a much better situation if the numpties have less money to waste rather than more money to waste.So on balance, the rates cap is probably an improvement on the status quo, isn't it?Even if only for the certainty it gives the rest of us that our rates bill next year will not force us out of our homes.In that respect, this has got to be good news.See omnystudio.com/listener for privacy information.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Monday 1 December. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.See omnystudio.com/listener for privacy information.

As expected, the Reserve Bank cut the OCR to 2.25% last week - but an unexpected side effect has been a lack of effect. The Reserve Bank announced that this would be the end of cuts, sending the wholesale market into a panic and, therefore, seeing no change in interest rates. Finance Minister Nicola Willis told Heather du Plessis-Allan, "my message to the banks is always the same, which is pass on as much as you possibly can because it's good for the economy." LISTEN ABOVE See omnystudio.com/listener for privacy information.

Last weeks OCR cut brought hope of lower interest rates but the wholesale market seems to have been spooked by the Reserve Bank ruling out further cuts. The term wholesale interest rates have jumped in response. ASB Chief Economist told Heather du Plessis-Allan, "we certainly put the the cost of wholesale borrowing up a bit higher as a result of this." LISTEN ABOVESee omnystudio.com/listener for privacy information.

On Monday the Government announced an annual 2-4% rates cap range will be fully implemented by 2029. The cap applies to all rates, including general rates, targeted rates and uniform annual charges, but excludes water charges and other non-rates revenue like fees and charges. Local Government Minister Simon Watts told Heather du Plessis-Allan, "it's going to be tough Heather, but guess what, it's been tough on everyone - households, businesses. "You think about those on fixed income, in particular, double-digit rate increases, some up to 20%. It's just simply not feasible, and that's what we've been hearing loud and clear from ratepayers" LISTEN ABOVESee omnystudio.com/listener for privacy information.

Over the last week four men have been arrested in Sydney for allegations of involvement in a Sydney-based international paedophile network. The network is said to distribute and facilitate child sex abuse material through a website administered internationally. This was uncovered in an investigation into the online distribution of child sexual abuse material involving ritualistic and Satanic themes. Australian correspondent Oliver Peterson told Heather du Plessis-Allan the men arrested were allegedly part of a media network aiming to expose sex abuse rings. "So it gives the idea obviously that they're there to help, that they're there to uncover these sorts of rings, but the people involved are allegedly also paedophiles themselves," Peterson said. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A survey of more than 30,000 of New Zealand's Year 10 students shows that the number of teens who vape regularly has dropped by half since it's peak in 2021. The number of teenagers who vape on a daily basis has also dropped from “peak vape” of 10.1% in 2022, to 7.1%. Auckland Grammar headmaster Tim O'Connor says he has noticed the shift but doesn't know what it can be attributed to. "I don't know what's going on to tell you the truth. I don't know whether it's us being more effective, or the messages happening, or if it's just random," he told Heather du Plessis-Allan. LISTEN ABOVESee omnystudio.com/listener for privacy information.

On the Heather du Plessis-Allan Drive Full Show Podcast for Friday, 28 November 2025, police have arrested more people in relation to a huge drug smuggling ring at Auckland Airport. A trial to only collect rubbish from Aucklanders every two weeks is off to a bad start. The council has revealed that almost 80% of the feedback has been negative. Consumer NZ has revealed the worst deals you can buy for Black Friday. After years of being mothballed, Waiwera Thermal Springs is getting revamped - the man behind the redevelopment explains the vision. Plus, the Sports Huddle debates what the heck is going on at Cricket NZ and whether the proposed new T20 competition would save or ruin the local game. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.See omnystudio.com/listener for privacy information.

I've reached the conclusion that when it comes to the banks and mortgage rates, the only option you've got left is to hustle. You're on your own here. It has been 2 days since the Reserve Bank cut the official cash rate, and by how much do you think the big banks have cut their fixed rates? No, not a jot. Not, not a single basis point. Absolutely nothing has come off their fixed rates. It's not particularly helpful from the banks cause, you know, we're trying to get the country out of recession and the point of cutting the OCR is that the mortgage rates come down and then when you refix, you've got more disposable cash and the more cash you have, the more you're gonna spend and the faster we're gonna get out of this recession. So thumbs up and thanks very much to the big banks for not helping. Obviously, it's smart business for them. They need to make as much money as they can. The prediction is they will eventually cut the OCR cut their mortgage rates, but it'll be next year. It won't be this side of Christmas, and no one's going to be able to force them. There is, everybody has fired all their bullets at this stage. The Reserve Bank's cut as much out of the OCR as it can. The critics have written their columns, have given their interviews. Nothing's happened. The government's accepted all the recommendations of the select Committee inquiry, and I think we all know that that's a damp squib. And to be honest, when it comes to the government, for them to do anything meaningful to the banks, it would have to be. Something as massive as breaking up ANZ and ASB and the horror that that would send through the investment community would potentially be worse than us paying too much in mortgage interest rates at the moment. So, The only conclusion you're gonna reach is that you're on your own. No one is coming to save you from the banks. No one's gonna force them to pass on the OCR cuts if they don't want to. You're gonna have to hustle. So when you refix, demand a better rate. Look at what the advertised rate is and then tell them to shave 50 basis points off and if they don't cross the road to another bank that will. That is competition. You're on your own. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A three-month long investigation has revealed that many of the offers available this Black Friday are not the bargain they may seem to be. Consumer NZ conducted an investigation into Briscoes, Noel Leeming, Farmers and Harvey Norman, and found that customers could have picked up the same items at a similar or lower price over the three-month investigation. Consumer NZ's Head of Research Gemma Rasmussen told Heather duPlessis-Allan that, 'there's so much hype around Black Friday, but the deals are a little dubious.' She said that it's important consumers do their research before hitting the shops. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tonight on the Huddle: Sports Commentator Nicky Styris and NewstalkZB's own D'arcy Waldegrave join Heather duPlessis-Allan to discuss the latest sports news. NZ Cricket CEO Scott Weenink is in hot water over his stance on the proposed T20 league, will it cost him his job? The international Judo Federation has allowed Russian athletes to compete again, breaking away from many global sports organisations who banned Russia after their invasion of Ukraine. And when will we finally get confirmation about Liam Lawson's future in F1? LISTEN ABOVESee omnystudio.com/listener for privacy information.

A new plan to make Auckland safer is being welcomed by the city's main business association. Today Auckland Minister Simeon Brown and Auckland Mayor Wayne Brown unveiled their action plan - including boosting outreach teams to connect rough sleepers with support, and a review of bylaws. Heart of the City CEO Viv Beck told Heather du-Plessis Allan that the plan is broad. She says it picks up things businesses have been crying out for, and while the proof's in the pudding, businesses have got their point across. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A prediction we haven't seen the last of a transnational crime syndicate operating out of Auckland airport. Operation Matata's seen 43 arrests since February, including 20 border workers - allegedly involved with smuggling large quantities of meth and cocaine. It's thought the group were exploiting baggage handlers at the airport. Chair of the ministerial advisory group on organised crime Steve Symon told Heather du Plessis-Allan that authorities have done a fantastic job rooting out that many offenders. But he suspects either there are more, or if not, they'll be replaced like they were at the start of the year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour is hosting a conference in Auckland this weekend, with speculation rising around the potential for new policy announcements from the opposition. And expelled Te Pāti Māori MP Tākuta Ferris has called on Labour to show 'strategic restraint' in Māori electorates, as he believes it's the best way to unseat the current government. Thomas Coughland told Heather duPlessis-Allan that it's an 'interesting strategy', and one that has the potential to backfire. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Aucklanders are strongly rejecting a proposed fortnightly rubbish collection trial in select suburbs. The six month trial would start in February, and involve 10-thousand homes in Te Atatu Peninsula, Panmure, Tamaki, Clendon Park and Weymouth. Of the more than five thousand submissions, 78 percent were opposed. Auckland Council's Waste Solutions General Manager Justine Haves told Heather du Plessis-Allan that a final decision will be made next month, but their goal is to cut down waste. She says there's lots of evidence from other councils that fortnightly collections makes a huge difference to the volume of waste. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The UK's embattled Labour Government has unveiled a tax-raising budget - after its full contents were leaked half an hour early. The plan's designed to lift economic growth and ease cost-of-living pressures. UK correspondent Enda Brady says Chancellor Rachel Reeves acknowledged ordinary people would have to pay more, and it's prompted backlash. LISTEN ABOVESee omnystudio.com/listener for privacy information.

There's growing concerns from experts about the risks surrounding AI investments. Investors believe AI is at risk of forming a stock market bubble, and some analysts are worried about the risks coming home to roost. Fisher Funds expert Sam Dickie explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tonight on The Huddle, former Green Party MP Gareth Hughes and Infrastructure NZ CEO Nick Leggett joined in on a discussion about the following issues of the day - and more! Air New Zealand CEO Nikhil Ravishankar wants airports around the country to stop giving Jetstar an 'advantage' with discounts that allows them to run cheaper flights. What do we make of this? The Northland business chamber has suggested many businesses in the area won't want to join a class action lawsuit against Transpower because they just want to move on from the collapsed pylon saga? Do we think the business owners will get on board? New research shows millennials are the first generation to drift further left than their older counterparts. Why do we think this is? LISTEN ABOVE See omnystudio.com/listener for privacy information.

On the Heather du Plessis-Allan Drive Full Show Podcast for Thursday, 27 November 2025, Attorney-General Judith Collins tells Heather why she's called a public inquiry on the Tom Phillips case. Air NZ's new boss has asked airports to stop supporting Jetstar's competition edge by giving them discounts. Jetstar CEO Stephanie Tully speaks to Heather - and Heather reveals why she's booked her first flight on the orange bird. Mike Colson KC explains why he's getting involved in a class action lawsuit against Transpower and Omexom over the toppled power pylon saga. Is NZ becoming more litigious? Aussie researchers reckon millennials are the first generation to not become more conservative with age. Why is that? Plus, the Huddle debates millennials' politics and flying Jetstar. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Can I give you a positive spin on the recession that we're just coming out of? I mean, maybe it's not so much a positive spin, but maybe it's an explanation for why this recession was harder than it needed to be - but why it actually did need to be this hard. If you've been following the commentary around the Reserve Bank's last two OCR decisions, you'll know there's been a fair bit of chat about the wealth effect and how that has made the recession worse. Now, the wealth effect is the thing that happens when your house goes up in value. You feel rich - you're not rich, you just feel rich - so you go out and spend more money. And then, of course, when it does the opposite and goes down in value, you feel poor. You're not poor, you just feel it, so you shut your wallet. And that is part of the reason why this recession has dragged - because our house prices are not going up. They have gone backwards, and so we're not spending, which means that we're not spending our way out of the recession. Now, the thing about this is that the Reserve Bank has actually done things to deliberately keep our house prices suppressed, right? Things like debt-to-income ratios. Some of the stuff is not their fault, like people leaving the country and therefore not wanting to buy a house - supply and demand, blah blah blah - but some of it is the fault of the Reserve Bank, who've done this deliberately. And I warned you about this on the show before. I said this to you in August, I said I was worried that the Reserve Bank was keeping house prices depressed and that it would drag out this recession longer, which it has. And I've been talking privately to Brad Olsen about it as well, who's been keeping an eye on it too, and we've been debating the merits of it. But here's the silver lining - we actually needed to let go of this property obsession. It's been hard, but we needed to do it because we have got to stop putting our money into property and we've got to start putting our money into businesses and other productive assets. And this is the breakup that we needed to have. No breakup is nice, and this one isn't either. So I text Brad Olsen this morning, yet again. He goes, “Oh, here we go. Here's a text from Heather.” I said, “Brad, are you still sure that it was worth it to break up with our property obsession given how hard it has made this recession?” And he just replied with, “Yes, I do.” So what I would say is, if you're doing the glass-half-full thing, at least we will come out of this recession less in love with houses and more likely to put our dollars into stuff that will actually make New Zealand richer - and that's got to be a good thing. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank has blamed the ongoing recession on an uncertain property market, prompting experts to weigh in. New Zealand has traditionally relied on housing as an engine of growth, but years of flat property prices have reportedly contributed to the ongoing economic downturn. Infometrics principal economist Brad Olsen explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Inland Revenue Department has launched some new steps in bringing down tax debt - with one scheme linked to a key credit agency. Following a successful pilot, the IRD will report more recalcitrant tax debtors to credit reporting agency Centrix. Centrix Group Managing Director Keith McLaughlin says this scheme is designed to bring down company debt at this stage, not personal debt. LISTEN ABOVESee omnystudio.com/listener for privacy information.