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Finance Minister Nicola Willis has defended the government's budget decisions including changes to Kiwisaver, saying most workers will end up with larger retirement savings. Willis spoke to Corin Dann.
In today's episode, Finance Minister Nicola Willis has defended the government's budget decisions including changes to Kiwisaver, saying most workers will end up with larger retirement savings, new sanctions marking the next phase of the government's Traffic Light welfare system, mean beneficiaries who fail to meet their obligations can have half their benefits restricted to being spent on essentials-only for a month, President Donald Trump said he wants the "names and countries" of every international student enrolled at Harvard University, and Auckland FC's dream first season is over after they were knocked out in the A-League semi-finals by Melbourne Victory.
This week the budget dominated the news with Finance Minister Nicola Willis promising no frills after cutting new spending nearly in half. Max Rashbrooke is a senior research fellow in the School of Government at Victoria University, he has written extensively on inequality and talks to Susie.
Finance Minister Nicola Willis on the choices and trade-offs in yesterday's budget.
The government's halving its contribution to kiwisaver. Businesses will have to up theirs from 3 to 4 percent over time. They get a tax break in return. Theres an average $14 a fortnight increase to working for families, for low and middle income households. Changes to the pay equity law are saving the government 2.7 billion dollars a year. Finance Minister Nicola Willis spoke to Lisa Owen.
The Finance Minister, Nicola Willis, has described the Budget as responsible, and what governments do to avoid austerity. Willis spoke to Ingrid Hipkiss.
Finance Minister Nicola Willis told Morning Report that while the Budget is responsible, it has something for every New Zealander. RNZ's political editor Jo Moir and RNZ's business editor Gyles Beckford spoke to Corin Dann.
No unicorns, no rainbows, no BS, but not austerity - this is how Finance Minister Nicola Willis has described her second budget to be revealed this afternoon. Independent economist Cameron Bagrie on how the numbers might add up.
It's Budget day and the Finance Minister Nicola Willis says there will be no lolly scramble and no BS. Political reporter Lillian Hanly has more.
Finance Minister Nicola Willis announced the Government was forecast to make its first withdrawal from the NZ Super Fund in 2028, five years earlier than expected. Professor of Finance at Auckland University of Technology Aaron Gilbert spoke to Emile Donovan to explain what this means for your Kiwisaver.
Just yesterday Finance Minister Nicola Willis pledged $577 million dollars to support film and TV production. That will boost funding of the rebate scheme to just over $9 billion.
On the Heather du Plessis-Allan Drive Full Show Podcast for Friday, 16 May 2025, Finance Minister Nicola Willis tells Heather why she's begrudgingly signed off on an almost 600 million dollar subsidy for film productions. Woolworths boss Pieter de Wet has hit back at the Government, saying its the cost of GST that's making New Zealand's groceries more expensive than in Australia. Auckland FC Coach Steve Corica speaks to Heather ahead of tomorrow's playoffs game against Melbourne. Plus, the Sports Huddle talks Ryan Fox' big win this week and is First XV rugby better than Super Rugby? 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.
Finance Minister Nicola Willis has talked up how changes to KiwiSaver, due to be announced at the Budget, will boost members' balances. She's offered up some hints - but it's unlikely the Government will help by opening up its wallet. NZ Herald Wellington business editor Jenee Tibshraeny speculates further ahead of Budget day. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Nearly a quarter of the money spent on National's FamilyBoost policy has been poured into administration costs, and not into the back pockets of families. Finance Minister Nicola Willis spoke to Ingrid Hipkiss.
Veteran activist and protestor John Minto joins us LIVE tonight at 9pm to talk about the findings by the ICPA that police unlawfully pepper-sprayed and arrested him at a pro-Palestinian protest in Christchurch in February 2024Clashes in Parliament today between the Christopher Luxon and Chris Hipkins over who is lying about the overhaul of the pay equity regime as this continues to be a terrible look for this government. Finance Minister Nicola Willis announced the allocation of $100m for the Elevate venture capital fund in a pre-Budget speech focused on government measures to lift economic growth through lifting productivity, exports, and encouraging direct foreign investment and to boost high-growth technology companies with strong export potential.=================================Come support the work we're doing by becoming a Patron of #BHN www.patreon.com/BigHairyNews=================================Merch available at www.BHNShop.nz Like us on Facebookwww.facebook.com/BigHairyNews Follow us on Twitter.@patbrittenden @Chewie_NZFollow us on BlueskyPat @patbrittenden.bsky.socialChewie @chewienz.bsky.socialEmily @iamprettyawesome.bsky.socialMagenta @xkaosmagex.bsky.social
New Zealand will pass an economic milestone in 2028, with the Government making it's first ever Super Fund withdrawal. The Finance Minister revealed yesterday they'll begin offset superannuation costs by withdrawing $32 million from the New Zealand Super Fund. From 2031, withdrawals are expected annually. Superannuation expert Jonathan Eriksen told Ryan Bridge it's exactly what the Superfund was set up to do. He says it's up to $80 billion currently and is generating returns of 10% per annum, with 1% of that being $80 million. LISTEN ABOVESee omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 12 May 2025, Finance Minister Nicola Willis responds to a Stuff journalist who called her the c-word and accused her of doing "girl maths". Act and National are squabbling in public again - this time over the proposed ban of social media for under 16s. Heather asks David Seymour whether he would ever support a ban if it was technically possible. NZ Open boss Michael Glading responds to Ryan Fox' huge PGA Tour win. Plus, the Huddle responds to Andrea Vance's c-word column. 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.
On today's First Up pod: we ask Finance Minister Nicola Willis about the rushed way the government changed the pay equity law; we head to Southland, where local democracy reporter Matt Rosenberg tells us about an abandoned building the community's been trying to get rid of for ages and we catch up with Steve Corica, the coach of Auckland FC, who are in A League semi finals after a record breaking season. First Up - Voice of the Nathan!
A listener asks: will the Government change its KiwiSaver contributions - and if so, how should it do it? Finance Minister Nicola Willis is not ruling out changes to the Kiwisaver subsidy. Should the Government even do this? And if they do, what does it mean for you and I?Go to this episode on rnz.co.nz for more details
A listener asks: will the Government change its KiwiSaver contributions - and if so, how should it do it? Finance Minister Nicola Willis is not ruling out changes to the Kiwisaver subsidy. Should the Government even do this? And if they do what does it mean for you and I?
In this quick bite: Leighton Roberts sits down with NZ Finance Minister Nicola Willis. Where are the inspiring local success stories and why don't we hear much about innovative Kiwi businesses? Plus - the government's fiscal strategy, current debt levels and the path to budget balance and why New Zealand's size might be its advantage. This clip is taken from our previous episode '' For more or to watch on YouTube—check out http://linktr.ee/sharedlunch If there are any companies, sectors, or topics you'd like to see on Shared Lunch, flick us an email at sharedlunch@sharesies.co.nz to let us know.Investing involves risk. This episode is brought to you by Sharesies Limited (NZ) in New Zealand.Information provided is general advice only and current at the time and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the product disclosure documents available from the product issuer before making a financial decision. Our disclosure documents, including a Target Market Determination for Sharesies, can be found on our website at https://sharesies.com.au/disclosures. If you require financial advice, you should seek advice from a qualified financial advisor. The views expressed by individuals are their own and Sharesies does not endorse any of the guests or the views they hold.See omnystudio.com/listener for privacy information.
This week on The Sunday Panel, Resident Economist at Opes Partners, Ed McKnight, and host of the Front Page podcast, Chelsea Daniels, joined in on a discussion about the following issues of the day - and more! Over in Australia, Prime Minister Anthony Albanese secured a second term as Prime Minister. This comes days after Mark Carney won the role of Prime Minister - with experts claiming anti-Trump sentiment helped propel his win. Do we think anti-Trump sentiment helped boost these candidates? Finance Minister Nicola Willis has refused to rule out means-testing for KiwiSaver ahead of the 2025 Budget. Do we agree with means-testing the Government contribution? LISTEN ABOVESee omnystudio.com/listener for privacy information.
There's less than a month left to go until the 2025 Budget - and there's plenty of speculation about the announcements to come. Finance Minister Nicola Willis has been clear in her initial statements that this coming Budget will be focused on getting the books back in order. The Government has slashed its operating allowance to just $1.3 billion dollars - a substantial drop from the $2.4 billion forecast by Treasury. ZB senior political reporter Sophie Trigger says it's been made clear this won't be a 'lolly scramble' Budget. LISTEN ABOVESee omnystudio.com/listener for privacy information.
This week the government announced plans to cut the operating allowance in this year's budget by $1.1 billion, and Finance Minister Nicola Willis has hinted at changes to KiwiSaver.
In a speech on Tuesday, the Finance Minister revealed the operating allowance - that is the new money the government's got to spend is basically being halved, from $2.4 billion to $1.3 billion dollars. Nicola Willis spoke to Lisa Owen.
Finance Minister Nicola Willis has flagged a billion-dollar cut in new spending in the upcoming Budget, saying New Zealand's debt levels are too high. Sense Partners economist Shamubeel Eaqub spoke to Ingrid Hipkiss.
A former Finance Minister says cutbacks to public spending need to be seen in context. Finance Minister Nicola Willis has confirmed a drastic cut to the operating allowance in next month's Budget, from $2.4 billion to $1.3 billion. There will be no new funding for most Government departments, with the focus being on priority areas and paying off debt. Steven Joyce told Mike Hosking there's still scope to reduce spending. He says Government spending has doubled in the past eight years while inflation has only gone up about 30% in the same time. Joyce is also saying there's growing public appetite for more public sector restraint. The Government's ruling out giving most departments any additional funding in the next Budget, but Joyce says reaching that target will depend a lot on the international economy. However, he told Hosking there are still lots of changes that can be made to bring down government spending. Joyce says making those changes requires a bit of work and requires ministers having a good political radar and knowing what can't be cut. LISTEN ABOVE See omnystudio.com/listener for privacy information.
There will be further cuts to Government agency spending, to be diverted into priority areas. Finance Minister Nicola Willis confirmed a $1.3 billion operating allowance – plummeting from the $2.4 billion estimate. Willis says they've reviewed funding line-by-line. National's Mark Mitchell told Mike Hosking they have to cut spending as the reality is the country went from $58 billion of debt in 2017 to $175 billion in 2024. He says we went from paying $3.6 billion in interest a year to $8.9 billion, and we cannot afford that. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Government's plan to reduce the operating allowance from $2.4 billion to $1.3 billion is the smallest amount of new spending in a decade. Finance Minister Nicola Willis has decided to make departments metabolise their own spending in order to get books back into surplus. New Zealand Herald Political Editor Thomas Coughlan talks to Heather du Plessis-Allan about the ‘big' decision, KiwiSaver subsidies and Tory Whanau dropping out of the Wellington race. LISTEN ABOVE. See omnystudio.com/listener for privacy information.
The Government is set to half its operating allowance, through a $1b cut in the upcoming budget. It means a small number of government departments will receiveadditional funding this year. Finance Minister Nicola Willis talks to Heather du Plessis-Allan about the cut. LISTEN ABOVE.See omnystudio.com/listener for privacy information.
Charities have been spared from tax changes in this year's Budget. Finance Minister Nicola Willis has been proposing revisions to tax rules that could see charities taxed on their business activities. But she says there are still complex issues that need to be worked through before any rules are updated. Tax expert Geof Nightingale told Mike Hosking it's likely too hard. He says there's been several goes at this over the last 20 years, with not enough tax revenue being the main problem. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Finance Minister is calling on Auckland Council to be transparent about its Waitākere Ranges management plan. The proposed plan would see Iwi, the Department of Conservation, the Council and local boards on a committee. Finance Minister Nicola Willis says she's heard a range of views about whether or not it equates to co-governance. She says they should come clean about it to reduce confusion. "And I think they should be very clear with their ratepayers about what they're doing - and why they're doing it." Auckland Councillor Richard Hills says the board doesn't have final say and is only for consultation and suggestions. LISTEN ABOVESee omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 28 April 2025, reputable builders will be able to sign off on their own work without council inspections. Heather asks the Building Minister how any leaky homes-like disasters will be prevented. Dunedin councillor Jim O'Malley explains why his council won't be reducing speed limits around schools like the Government asked councils to. Finance Minister Nicola Willis reveals she won't be announcing a tax on charities at the Budget - and throws her colleague Scott Simpson under the bus. Plus, the Huddle debates whether councils should be able to take unpaid rates from your mortgage, and whether cops should still have to pass fitness tests. 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.
On the Heather du Plessis-Allan Drive Full Show Podcast for Thursday, 24 April 2025, Finance Minister Nicola Willis defends her Family Boost package after revelations that way fewer people are qualifying for the full amount. ACT's Laura McClure is ringing alarm bells over ACC's policy to target Maori and Pacifica manufacturing workers - and we get a late back-down from ACC Minister Scott Simpson. Should we be spending more taxpayer money on locally produced reality TV content? Plus, the Huddle debates whether we should continue paying for new cars for our ex-Prime Ministers. 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.
The Reserve Bank's operating budget for the coming year has been slashed by about 25 per cent. In a statement released yesterday, RBNZ board chair Neil Quigley said the organisation will need to look closely at capital and operational expenditure, as well as spend on personnel. Finance Minister Nicola Willis spoke to Corin Dann.
In today's episode, the Reserve Bank's operating budget for the coming year has been slashed by about 25 per cent - we speak to Finance Minister Nicola Willis; the Commerce Commision has found KiwiRail misled customers about when they were eligible to receive compensation when their Interislander ferries broke down; an Oxfordshire man has set a new world record after Morris dancing for more than 11 hours straight and Kerry-Anne Walsh brings all the news from across the ditch.
On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 16 April 2025, Wellington's worst kept secret is out of the bag: former Labour leader Andrew Little is running for mayor. He tells Heather what he'd do with the much-debated Golden Mile. Finance Minister Nicola Willis gets a grilling over the Reserve Bank's funding - is the bank getting a budget cut or actually a boost? Why Heather doesn't think cracking down on junk food advertising will do anything to help with kids eating junk food. Plus, the Huddle debates the Māori Party's call that Māori should get the NZ Super 10 years early. 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.
Finance Minister Nicola Willis spoke to Corin Dann on what Trump's pause on tariffs means for New Zealand.
On today's episode, Donald Trump has announced tariffs on dozens of countries will be paused for 90 days. Finance Minister Nicola Willis spoke to Corin Dann on what Trump's pause on tariffs means for New Zealand and we got the latest update from the US. Locally, Greens co-leader Chlöe Swarbrick defended MP Benjamin Doyle's 'bussy' social media posts, and an environmental charity says carbon farming is just a money-making scheme that fails to tackle climate change properly. Lastly, a new survey has found four out of five New Zealanders believe parents should decide when teens can start using social media.
Donald Trump says the changes to his tariff policy show he's flexible. He's put a 90-day pause on additional tariffs and lowered tariffs on all countries to 10% – except China. Instead, Trump hiked China's rate from 104% to 125%. He's thanked Americans for bearing with him and promised better days are coming. Finance Minister Nicola Willis told Mike Hosking things are uncertain, but their view is that we need to stay the course. She says they can't controll what happens elsewhere in the world, but they can control what they do here at home. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On Monday, more than two billion dollars was shaved off the New Zealand share market. Finance Minister Nicola Willis signalled while New Zealand's economy is strong, we won't be immune. One of the companies hit hard by the market slump is Seeka Kiwifruit Industries, it's share price dropped 11 percent. Chief Executive Michael Franks spoke to Lisa Owen.
The country's biggest exporters are trying to come to grips with what exactly the Trump's tariffs mean. Finance Minister Nicola Willis spoke to Corin Dann.
The Government's promising to spend big in areas of defence, including improving its fleet in the air, and on the land, and sea. The long-awaited Defence Capability Plan was released yesterday afternoon, with $12 billion worth of public spending across four years – $9 billion of which is deemed new spending. It includes plans to bring defence spending up to two percent of GDP, with procurement for maritime helicopters, vehicles, and a replacement plane fleet. The Defence Minister is confident in the work done by Finance Minister Nicola Willis, reassuring they're not spending money New Zealand does not have. Judith Collins is also standing by changes making it easier to enter the armed forces. Since last year most Defence Force roles now only require three years of high school to Year 11, instead of passing Level One credits. More technical roles now only require a Level Two certificate. Collins told Mike Hosking being smart academically is helpful but isn't the first port of call. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 7 April 2025, Defence Minister Judith Collins has revealed a huge boost for New Zealand's defence capabilities. She tells Ryan what's on the shopping list. Finance Minister Nicola Willis tells Ryan New Zealand's economic growth is expected to take a hit from Trump's new tariffs. Is there a risk that we're not just fostering football fans.. but also a bit of hooligan culture? Auckland FC's Nick Becker says lessons will be learnt from last weekend's aggressive scenes at Mt Smart stadium. Plus, the Huddle debates a new billboard campaign involving the Greens and the now infamous call to "defund the police". 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.
The Reserve Bank appears to have caved to pressure with its decision to review its capital requirements. The central bank introduced stricter rules in 2019, requiring banks to hold capital to buffer them against a 1-in-200-year financial crisis. The rules have been criticised for driving up lending costs. Former Reserve Bank economist Michael Reddell told Mike Hosking there's been a clear appetite for change. He says the Reserve Bank has "read the tea leaves", including criticism it's faced from banks, businesses, and Finance Minister Nicola Willis herself. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The coalition is showing unity on the Cook Strait ferry deal. Rail Minister Winston Peters has announced two road and rail-enabled ferry and port infrastructure to be delivered by 2029. Finance Minister Nicola Willis had a plan, but it wasn't confirmed whether those were rail-enabled or not. Peters told Mike Hosking the fact that a new plan is on the table, isn't being critical of her. He said that when they brought a new option to the table, Willis had enough wisdom to say they should see if it's possible. Peters is standing firm in his criticism of Green MP Benjamin Doyle's historical Instagram posts. The Greens says they're screening an immense volume of abuse, including death threats towards Doyle, over Doyle's old social media posts with sexually suggestive captions. The party is accusing Peters of "fanning the flames of hatred". Peters told Mike Hosking that's not true. He says thousands and thousands of people from the rainbow community are supporting what he's saying. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Government has said all options are on the table as Finance Minister Nicola Willis issues a six-week request for information. Willis threatened to break up the current supermarket players, floating the idea of restructuring the two existing supermarket chains. Foodstuffs North Island Chief Executive Chris Quinn talks to Mike Hosking about the announcement. LISTEN ABOVE. See omnystudio.com/listener for privacy information.
The Finance Minister says they've over-delivered on their promise to save money from public sector job cuts. Latest Public Service Commission data shows the core workforce decreased 4% in the year to December 2024. Public Service Minister Judith Collins says the Government's expecting to save $800 million by June – double the initial target. Nicola Willis —the coalition government's initial Public Service Minister— told Mike Hosking the money saved is going into much better purposes. She says it's instead going into things like the Family Boost Policy, to support early childhood education costs. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The free school lunch program has been in the headlines here in Aotearoa for several weeks after facing significant impacts to their quality and delivery following a complete restructure of the program led by associate education minister David Seymour. Many schools have reported late deliveries of meals beyond the lunch period, plastic packaging melting into the food and one student even experiencing burns from the packaging that required medical attention. This, of course, has the greatest impact on the more than 150,000 Tamariki living in severe poverty, who relied on programs like Ka Ora Ka Ako to receive daily meals. In response, the Child poverty action group has made a call to senior government ministers and Finance Minister Nicola Willis to restore the funding that was cut from the school lunches program so that schools across the motu could receive meals from local community suppliers. Oto spoke to Rich Greissman - Deputy Chair of the Child Poverty Action Group's Governing Committee, to discuss the group's call and why it's important for the government to ensure the provision of healthy school lunches to Tamariki.
New Zealand's economy has rebounded out of recession a little more quickly than expected, growing 0.7 percent in the three months to the end of December. Finance Minister Nicola Willis spoke to Corin Dann.