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Governing parties have been quick to condemn Labour's proposed capital gains tax policy. The opposition announced the policy for next year's election campaign, targeting commercial and investment properties, but not family homes. It would funnel the revenue into health. Finance Minister Nicola Willis has been quick to label this scheme as 'half-baked' - and it'll likely drive the country further into debt. "I'm just pleased that New Zealand today can see Labour's alternative for what it is. It's a Labour-Te Pāti Māori-Greens Government that will tax you more, drive the country further into debt and put the economy at risk." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Labour has announced what some are describing a “watered down” version of a Capital Gains Tax. This targeted CGT would affect profit made after July 2027 from selling a commercial or residential property, excluding the family home. Leader Chris Hipkins promises nine out of 10 Kiwis won’t pay tax on what they own, and it’ll allow everyone to get three free doctors visits a year. On the flip side, National’s calling it an “attack on investment and savings” - with Finance Minister Nicola Willis saying it would “put New Zealand’s economic recovery at risk”. Today on The Front Page, Infometrics economist Brad Olsen is with us to dive into the details of Labour’s latest pitch to the public.See omnystudio.com/listener for privacy information.
Changes to lending restrictions are on the cards. Finance Minister Nicola Willis is welcoming the Reserve Bank consulting with banks on easing loan to value restrictions from December. The central bank's looking at increasing the new lending limit for first-home buyers and property investors. Banking Association CEO Roger Beaumont says this is really good - and will give first-home buyers more flexibility. "They're taking advantage of what I'd call the 'sweet spot' of softer house prices, combined with declining interest rates." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Changes to lending restrictions are on the cards. Finance Minister Nicola Willis is welcoming the Reserve Bank consulting with banks on easing loan to value restrictions from December. The central bank's looking at increasing the new lending limit for first-home buyers and property investors. Banking Association CEO Roger Beaumont says this is really good - and will give first-home buyers more flexibility. "They're taking advantage of what I'd call the 'sweet spot' of softer house prices, combined with declining interest rates." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Participation in local elections is at a historic low and there's growing calls for reform. Turnout's been higher in rural areas and much lower in the main cities, but data shows under 40 percent of eligible voters made their voices heard. Finance Minister Nicola Willis says a simpler solution is needed, much like the general elections. "It might be simpler if it was just - turn up and vote. Turn up to the booth, turn up to the place just as you do for the general Government elections." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Labour claims a promise isn't being kept - as the Government mulls selling its stake in Chorus. Finance Minister Nicola Willis today said the Government's considering selling the 61 percent stake in the telecoms infrastructure company - now rollout of ultra-fast broadband is complete. She says the money from a sale would be spent on hospitals and schools. But Chris Hipkins told Heather du-Plessis Allan that they've broken their word. He says National promised no asset sales - and this would fall into that category. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Reserve Bank's continuing to walk a fine line, with its move to cut the OCR 50-basis points to 2.5%. Economic data suggests inflation has now hit 3%. Finance Minister Nicola Willis is blaming rising rates, saying they're having a disproportionate impact on overall inflation, whereas other sectors are stabilising. NZ Herald Business Editor Liam Dann told Kerre Woodham we almost seem to be in a self-fulfilling negative spiral. He says we should be feeling better, but we aren't, and then we start questioning ourselves and the economy. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Reserve Bank's continuing to walk a fine line, with its move to cut the OCR 50-basis points to 2.5%. Economic data suggests inflation has now hit 3%. Finance Minister Nicola Willis is blaming rising rates, saying they're having a disproportionate impact on overall inflation, whereas other sectors are stabilising. NZ Herald Business Editor Liam Dann told Kerre Woodham we almost seem to be in a self-fulfilling negative spiral. He says we should be feeling better, but we aren't, and then we start questioning ourselves and the economy. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Finance Minister says she's okay with a short spike in inflation. The Reserve Bank has slashed the cash rate 50-basis-points to 2.5% and is leaving the door open to further cuts. It expects inflation to reach or surpass 3% in the short term but believes the economy is weak enough to push inflation back down again next year. Nicola Willis told Mike Hosking we won't see another long-period of sustained much-higher inflation. She says a little blip's okay, but the three years of high inflation under the last government is not okay. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Reserve Bank has cut the OCR by 50 basis points to 2.5 percent, despite acknowledging inflation is still above where they'd like it. Finance Minister Nicola Willis says they've factored in broader economic conditions. She says the central bank clearly thinks any fluctuation in inflation will be constrained by spare capacity in the economy. Newstalk ZB senior political correspondent Barry Soper says this will come as good news as more people are set to roll into lower mortgage rates. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Reserve Bank has cut the OCR by 50 basis points to 2.5 percent, despite acknowledging inflation is still above where they'd like it. Finance Minister Nicola Willis says they've factored in broader economic conditions. She says the central bank clearly thinks any fluctuation in inflation will be constrained by spare capacity in the economy. Newstalk ZB senior political correspondent Barry Soper says this will come as good news as more people are set to roll into lower mortgage rates. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Reserve Bank's cut the OCR 50-basis-points to 2.5%, despite acknowledging inflation is above or almost above where they'd like it. Finance Minister Nicola Willis says they've factored in broader economic conditions. She says the central bank clearly thinks any fluctuation in inflation will be constrained by spare capacity in the economy. Labour's Finance Spokesperson Barbara Edmonds told Ryan Bridge it's a direct response to the economic damage caused by Christopher Luxon. She says the economy has gone backwards under the Coalition Government, with 36,000 jobs lost, 2,700 businesses liquidated, and more Kiwis moving overseas. “Christopher Luxon promised to make it better, but he's made it worse.” LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 6 October 2025, Foreign Minister Winston Peters tells Heather about the protesters that keep turning up outside his house night after night. Heather applauds the Government's tough love attitude to unemployed teenagers. The Finance Minister Nicola Willis gets a grilling over ex-RBNZ governor Adrian Orr's $416,000 golden parachute payment. Just 60% of 13-17 year olds know how to cook three or more meals - does this reflect badly on us parents? Plus, the Huddle debates young people on the benefit and Adrian Orr's big payday. 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.
Former Reserve Bank Governor Adrian Orr is in for a significant payday. He resigned in March, following a funding disagreement, with tensions between Treasury, the bank, and the Finance Minister. The central bank's annual report shows Orr will receive a $416,000 restraint of trade payment this month. Finance Minister Nicola Willis says she wasn't informed of this until today. "I had been assured that they had done those negotiations in accordance with the terms and conditions in his contract, which had already been agreed when he was reappointed as Governor in 2022." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Former Reserve Bank Governor Adrian Orr is in for a significant payday. He resigned in March, following a funding disagreement, with tensions between Treasury, the bank, and the Finance Minister. The central bank's annual report shows Orr will receive a $416,000 restraint of trade payment this month. Finance Minister Nicola Willis says she wasn't informed of this until today. "I had been assured that they had done those negotiations in accordance with the terms and conditions in his contract, which had already been agreed when he was reappointed as Governor in 2022." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Over the weekend, the Government confirmed it wouldn't recognise Palestinian statehood - for the time being. Winston Peters made the announcement at the UN General Assembly, saying conditions weren't yet right. Finance Minister Nicola Willis has defended this move - and says no matter what happened, one side would have taken issue with their choice. "We, as a Cabinet, decided to do what we believed was an independent, New Zealand-based decision - based very much on the facts in front of us what we thought was the best thing." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Today on the show… Prime Minister Christopher Luxon and Finance Minister Nicola Willis ranking 15th and 13th among business leaders, a shockingly low position. ACT Party Leader and Deputy Prime Minister David Seymour shares his thoughts on government spending and regulatory reforms. Website: https://www.rova.nz/home/podcasts/duncan-garner---editor-in-chief Instagram: @DuncanGarnerpodcast TikTok: @DuncanGarnerpodcast Learn more about your ad choices. Visit megaphone.fm/adchoices
Three hundred potential candidates were identified in the hunt for our new Reserve Bank Governor. The role has gone to Anna Breman, who was the First Deputy Governor of Sweden's central bank. Finance Minister Nicola Willis says it was a a tough competition amongst candidates. "The Reserve Bank went through a process of both advertising and also doing a large international search to consider people that could be qualified for the role." LISTEN ABOVESee omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 24 September 2025, first we got Ikea and now we get a Swedish Reserve Bank Governor! Finance Minister Nicola Willis tells Ryan Bridge why Dr. Anna Breman got the top job. US president Donald Trump's visit at the UN was as fiery as expected, including getting stuck on an escalator! US correspondent Jonathan Kearsley was there for it all. Auckland Council has officially voted in favour of 15-storey apartment blocks along major arterial routes in central Auckland. NIMBYs can still protest during the consultation protest though! Should Kiwis pay to park at our national parks? Federated Mountain Clubs are not happy with it. Plus, the Huddle debates the damning result from today's Mood of the Boardroom. 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.
TONIGHT'S GUEST HOST: Sean AcklandThe Prime Minister has ranked 15th in Cabinet in a survey of senior business leaders, who are also casting doubt on the country's economic performance. The New Zealand Herald released its latest Mood of the Boardroom which attracted 150 responses from chief executives and other leaders. Prime Minister Christopher Luxon and Finance Minister Nicola Willis were out of Cabinet's top 10 performers, according to the results. Luxon scored on average 2.96 out of 5 where one is "not impressive" and five is "very impressive".Mihingarangi Forbes and Mata talk with Minister of Finance Nicola Willis on the integration between the non-Māori and Māori economy and why Māori are organizing their own economic forum as they feel like the government isn't doing a good enough job for them at the moment. Also on the agenda is a conversation around why, when it's the most successful style of education in NZ, kohanga reo is not getting the same boost at mainstream schooling.Jimmy Kimmel returns to the air and talks about all of the people who have reached out over the last six days including fellow late night talk show hosts, fans of the show, and those who don't support what he believes but support his right to share those beliefs anyway, and he expresses that it was never his intention to make light of the murder of a young man, how important it is to live in a country that allows us to have a show like this, the Chairman of the FCC Brendan Carr telling an American company that “We can do this the easy way or the hard way,”“We need more leaders who are willing to be humans while they're in the job.” Jacinda Ardern, the former Prime Minister of New Zealand, sits down with Jon Stewart to discuss her experiences in office, which she chronicles in her memoir, “A Different Kind of Power,”=================================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
Three hundred potential candidates were identified in the hunt for our new Reserve Bank Governor. The role has gone to Anna Breman, who was the First Deputy Governor of Sweden's central bank. Finance Minister Nicola Willis says it was a a tough competition amongst candidates. "The Reserve Bank went through a process of both advertising and also doing a large international search to consider people that could be qualified for the role." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Nicola Willis admits the economy isn't where the Government would like it to be. The Herald's annual Mood of the Boardroom survey shows business leaders are less optimistic about the economy than they were a year ago. Only a third of respondents back the Government's current growth agenda. The Finance Minister told Mike Hosking they're hearing the call for harder, faster action, loud and clear. She says business leaders broadly think the Government's doing the right things, but she accepts the Government isn't there yet when it comes to economic growth. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The new Reserve Bank governor will be announced by Finance Minister Nicola Willis tomorrow.
I have to say that the Herald's Mood of the Boardroom survey pretty much sums up my mood too. Yes, there are some excellent and capable ministers doing great work within their portfolios, and let's not forget how rare and wonderful that is, given the past administration. Come in Erica Stanford, Winston Peters, Chris Bishop, Simeon Brown – all good performers, all doing well, all delivering. But when it comes to the economy, one of the main platforms upon which National campaigned, the performance is less than impressive. CEOs have sent a clear message to Finance Minister Nicola Willis in the survey. She has to hold the pro-growth line, sharpen delivery, and set out a long-term vision that brings investors back on side. The Government's going for growth agenda has five key pillars: developing talent, competitive business settings, global trade and investment, innovation, technology and science, and infrastructure, which form the backbone of Willis's economic strategy. In the beginning, New Zealand's business leaders gave Willis the benefit of the doubt. In 2024, the CEOs credited her with a strong start. Not anymore. She failed to make the top 10 top performers in the survey. As did Prime Minister Christopher Luxon. He came in for some criticism. Business leaders said he needs to listen more. He's got a mantra that's started to grate, and he knows that. They say he rates very highly when it comes to ensuring his cabinet ministers are focused and delivering. True. He actually rates reasonably well on keeping a coalition together. But the report found Luxon did not score well for building business confidence, his own political performance, and on transforming the economy. So, on those areas, he's got a lot of work to do, as Forsyth Barr managing director Neil Paviour-Smith told Mike Hosking this morning. “There are reasons to be optimistic, but hoping is not a strategy. And the business community is looking for stronger leadership from the Prime Minister and Finance Minister around some of these core long-term issues and the structural deficits of New Zealand.” They are mainly concerned, the business leaders, with boosting productivity. They want a step change that includes a boost in skill, innovation, and technology, not tinkering around the edges. They say they need to see a programme for retraining and reorienting the workforce, especially those at the lower end of the wage spectrum. They say that tax and regulatory settings need to be reformed. We need to accelerate research and development and grow high-value sectors. Infrastructure, well we talked about that yesterday. There's a need for delivery of infrastructure, not just more announcements. They want shovel-worthy projects ready as financing costs ease. Immigration and education settings came through strongly. We've lost a lot of highly skilled people out of the construction industry in the last 18 months. Now with the taps about to turn on, how do we ramp up to ensure there's capacity in the market? They also called for a compelling vision that stretches beyond a three-year election cycle. Again, what we were discussing yesterday. So there's a lot to work on. And Christopher Luxon and Nicola Willis would do well to heed the advice, the criticism, and the positive remarks made by the business leaders. All of these things we know, and all of these things we've said. And while it is true that Labour, the Greens and Te Pāti Māori aren't inspiring confidence amongst business leaders to put it mildly. As a country, we need more, we should want more than the least rubbish of two coalition governments. Waiting for the economic cycle to finish its rotation is not the vision New Zealanders were promised when a centre-right government was elected. They said there would be growth, there would be productivity, that good times were coming. Yes, it was a mess. They said they had the answer. They promised that. This coalition government, the National Party in particular, has to do better. Not just for the sake of their own political futures, but for the sake of the country. See omnystudio.com/listener for privacy information.
Finance Minister Nicola Willis and the wider coalition Government have been under pressure since gross domestic product figures last week showed a sharper economic contraction than had been expected. Money correspondent Susan Edmunds reports.
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 22 September 2025, Australia, the UK and Canada have officially recognised the state of Palestine... but New Zealand is holding out. What are we waiting for? Finance Minister Nicola Willis defends the Government's spend on infrastructure projects and the state of the economy - after more than $400 million of school infrastructure spend is being fast-tracked. Another bloody strike! 13,000 hospital appointments have been cancelled because senior doctors are off work for the next two days. The staggering amount overseas gamblers are betting on our local football league - and why that's making players vulnerable to match fixing offers. Plus, the Huddle debates the Government's desperate fight to win the narrative on the economy back. 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 economy had a worse than expected drop in the June quarter, shrinking 0.9%. Finance Minister Nicola Willis has blamed it on global turmoil, but the Reserve Bank of New Zealand says there's a need to provide more stimulus to the economy by cutting the OCR. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Finance Minister Nicola Willis says a new Reserve Bank Governor will be announced “very shortly” as she comes under growing pressure to tackle New Zealand's economic woes. Economists are calling on the Reserve Bank to cut the Official Cash Rate more aggressively after yesterday's shock GDP result. New Zealand's gross domestic product (GDP) fell by 0.9% in the June quarter, a reduction well over market expectations. Expectations were for a 0.4% decline in GDP, while Reserve Bank forecasts were for a 0.3% drop. The worse-than-expected outcome could mean the Reserve Bank will cut its Official Cash Rate (OCR) more aggressively than was previously thought, economists said. In an interview with Newstalk ZB's Mike Hosking this morning, Willis was asked what she expects from the Reserve Bank to address the situation. “I will very shortly be announcing a new governor for the Reserve Bank. Obviously, we've had a chair change at the Reserve Bank. We are refreshing that institution and I think that is very good indeed,” Willis said. She would not give a specific date for the announcement, instead describing it as happening “very shortly”. She confirmed she knew who the new Governor is. Christian Hawkesby is the current Acting Governor of the Reserve Bank. He was appointed to a six-month term in April following Adrian Orr's resignation in March. Willis told Hosking Kiwis shouldn't get down about the latest drop in GDP and we mustn't talk our way into a recession. She says we shouldn't overreact to a bad quarter – we've got to keep playing the full game, dig in, and do the things that are needed to grow the economy. LISTEN ABOVESee omnystudio.com/listener for privacy information.
On the Mike Hosking Breakfast Full Show Podcast for Friday 19th of September, Sir John Key has some advice for Finance Minister Nicola Willis, who has some tough questions to answer after that Q2 GDP result. The Government is flying the flag for the wool industry in China. Kate Hawkesby and Tim Wilson take a pop quiz and discuss school holidays plans as they Wrap the Week. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Thursday, 18 September 2025, the economy contracted much more sharply than anticipated in the second quarter. Finance Minister Nicola Willis speaks to Heather about just how bad the GDP result is. Self-driving Teslas are officially driving around New Zealand, but nobody knows exactly what the rules are. Motorsport legend Greg Murphy weighs in. A report reveals more than half of us think gender equality has been achieved, but 1 in 3 young men think equality has gone too far. Plus, the Huddle debates whether Jimmy Kimmel deserved to be sacked for his Charlie Kirk comments. 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.
Your Most Played Moment Of 2025: In this exclusive interview from inside the Beehive, Finance Minister Nicola Willis joins us to discuss NZ's economic future covering everything from housing affordability, debt, and financial literacy to KiwiSaver, exports, and why cutting red tape is critical for growth.Watch the full episode hereThe Minister's appearance is not an endorsement of any particular financial advice service or company.For more money tips follow us on:FacebookInstagramThe content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.
Copies of text messages just released by Treasury confirm Adrian Orr was likely to be sacked if he didn't resign as Reserve Bank Governor. The process was so advanced, Secretary to the Treasury Iain Rennie warned Finance Minister Nicola Willis she might receive a recommendation from the Reserve Bank board to advise the Governor-General to remove Orr. NZ Herald Wellington business editor Jenee Tibshraeny explained further, LISTEN ABOVESee omnystudio.com/listener for privacy information.
New Zealand First is backing major changes to KiwiSaver ahead of the election and it's sparked discussion about what this could mean going forward. The party's announced it will campaign on compulsory employee and employer contributions rising to 10 percent, to be offset with tax cuts. Finance Minister Nicola Willis says this will likely be a significant issue ahead of the election, but she's voiced concerns about the tax cuts. "For context, our tax package that we delivered after the election was $3.7 billion - so that is a heck of a lot of tax cuts. So the question then becomes - how do we fund that?" LISTEN ABOVESee omnystudio.com/listener for privacy information.
The resignation of the Reserve Bank chair Neil Quigley was announced by Finance Minister Nicola Willis last night as happening with "immediate effect". It came after months of close scrutiny over his handling of Adrian Orr's resignation as Governor. Quigley described Orr's resignation, in early March, as a "personal decision" but a series of revelations followed that cast doubt on that. Minister Willis declined to be interviewed on Saturday Morning but in a pre-recorded interview to RNZ last night she said "Mr Quigley chose to tend his resignation. If he had not offered his resignation, I would have asked him for it." RNZ Business Editor Gyles Beckford has the latest.
Reserve Bank board chairman Neil Quigley has resigned “with immediate effect” in the wake of the shambolic handling of Adrian Orr's resignation as Governor. Finance Minister Nicola Willis made the announcement just before 6pm on Friday - the day after the Reserve Bank revealed Orr temporarily stepped down as Governor a week before the public was told he resigned The Finance Minister says she did not ask the Reserve Bank Chair to quit, following news he's resigned with immediate effect. Nicola Willis told Heather du Plessis-Allan that having completed key work streams with the bank, Quigley said the timing was appropriate. Willis says she raised criticism around the board's handling of information relating to the former Governor's exit. LISTEN ABOVESee omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Friday, 29 August 2025, Reserve Bank chair Neil Quigley has quit with immediate effect. Finance Minister Nicola Willis tells Heather if he hadn't left voluntarily, she would have sacked him. The Marokopa fugitive dad and his kids have burgled a dairy this week - but police don't sound like they're actively trying to find them. Why did Heather have to apologise to TVNZ CEO Jodi O'Donnell? A member of the Mongrel Mob has asked a judge for his confiscated patch back and the judge has said yes.. because of tikanga. Law Professor Al Gillespie says it was a good call. Plus, the Sports Huddle on this week's discussion about the risk of longlasting brain injuries from rugby - and whether more needs to be done to prevent them. 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.
Supermarket experts say there is no clear player waiting in the wings to rev up competition for cheaper groceries. That's despite Finance Minister Nicola Willis name dropping Costco in her announcement on reforms to the sector this week. Costco was one of a number of players she mentioned that had been in touch - and are interested in the New Zealand market. So how realistic is it? Money Correspondent Susan Edmunds reports.
On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 27 August 2025, Finance Minister Nicola Willis is slashing red tape in the hope it will attract another supermarket player to expand into New Zealand. Insurance costs have risen 900% in the past 25 years. Heather asks Kris Faafoi from the Insurance Council whether it's company greed or necessity. AT tries to defend its $63 million roadcone bill. The Huddle debates whether the Prime Minister was being cringe with his Facebook video inviting Taylor and Travis to get married in New Zealand. Plus, HE DID NOT! Heather reveals the outrageous thing her husband asked her. 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 Government expects new supermarkets to pop up in months, rather than years - with planned reforms. It's introducing legislation to pass before the end of the year to allow supermarkets that boost competition to be up for fast-track approval. Finance Minister Nicola Willis says supermarkets can also apply for streamlined building consents. "Really, it's just a matter of how quickly they can build." Costco's confirmed its looking at opening new stores in New Zealand, after success in West Auckland. Meanwhile, the Government's looking at the costs and benefits of breaking up the supermarket duopoly. LISTEN ABOVESee omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 25 August 2025, did the PM overstep when he said he thinks the Reserve Bank should have cut the OCR more than they did? Finance Minister Nicola Willis says no but banking expert Dr Claire Matthews says yes! The Police Association's Chris Cahill says senior police officers are being too harsh on their new young colleagues - after a survey found the oldies don't think the young ones are not up to scratch. A concert promoter and a hospitality boss weigh in on what we should do to attract more big events to NZ. Pic Picot tells Heather why he decided to sell a 51% stake of his brainchild Pic's Peanut Butter to an Australian company. Plus, the Huddle debates whether house prices need to fall, and whether Chris Bishop is just a brave politician saying it out loud. 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.
It's another hit of the most insightful and sharp 30 minutes in political analysis. Today Wallace is joined by journalist Annabelle Lee-Mather, former Greens MP Sue Kedgley and Maddison Burgess-Smith, commentator and Senior Consultant at Iron Duke Partners. Topics discussed on the show tonight include: Former Prime Minister Helen Clark has lamented the "boys club" environment of golbal politcs. The backlash over Labour ministers refusing to front up publicly for the Covid Royal Commission of Inquiry. Finance Minister Nicola Willis caused quite the stir this week by nabbing the Prime Minister's interview spot on the caucus run. Should we take note of the whispers of a roll? The Government's decision to remove te reo Maori from new early-reading books is, according to critics, just the latest in a run of policies seemingly targeting Maori. is it an assualt on Te Ao Maori?
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 18 August 2025, big changes are coming for building consents and who is liable when things go wrong. Building and Construction Minister Chris Penk tells Heather some details still need to be ironed out. Ukraine's Ambassador to New Zealand Vasyl Myroshnychenko speaks to Heather ahead of the pivotal meeting between Donald Trump and Ukraine's president Zelensky and his EU-leader bodyguards. Finance Minister Nicola Willis reveals the PM has called a high-powered meeting on energy security this evening. Why does the bike lobby want to get rid of the helmet mandate? Patrick Morgan from the Cycling Action Network explains. Plus, on the Huddle, Trish and Josie debate whether they would go on a working holiday in their 40s. 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.
You can't tax your way to prosperity - but you can grow the pie. In this exclusive interview from inside the Beehive, Finance Minister Nicola Willis joins us to discuss NZ's economic future covering everything from housing affordability, debt, and financial literacy to KiwiSaver, exports, and why cutting red tape is critical for growth.The Minister's appearance is not an endorsement of any particular financial advice service or company.For more money tips follow us on:FacebookInstagramThe content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.
The Finance Minister says anxiety about tariffs will be playing a part in slowing down New Zealand's economic recovery. Unemployment's reached a five-year high of 5.2%. Economists think it could rise even higher before it starts turning around. Nicola Willis told Mike Hosking tariffs aren't great, but some people may have been more worried than they should be. She says the tariffs will have affected confidence and investment intentions, but it's important to remember that New Zealand is doing okay compared to the rest of the world. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Finance Minister reckons New Zealand will eventually be able to work out a better deal with the Trump administration following last week's shock announcement. President Donald Trump has unveiled a surprise 15 percent tariff on New Zealand - higher than that for both the UK and Australia. Finance Minister Nicola Willis says there's a possibility things could improve, given the changing trading relationship between both nations. "The question for us is - if it does change, does that mean we get better treatment?" LISTEN ABOVESee omnystudio.com/listener for privacy information.
The government had promised to push back on the 15% tariff on New Zealand exports to the United States. The White House revised a swathe of rates today, lifting New Zealand's tariff from 10 to 15%. Trade Minister Todd McClay said the jump is a real concern for exporters who can only absorb or pass on so much of the additional costs. Both he and Finance Minister Nicola Willis took questions this afternoon. Political reporter Anneke Smith was there and spoke to Lisa Owen.
There's a belief it's going to be a long journey to get Kiwibank into the ring with the big leagues. Finance Minister Nicola Willis has announced the bank's parent company is being allowed to raise $500 million from investors to help it compete with the four major banks. Simplicity founder Sam Stubbs says Kiwibank will need more capital over time. He told Mike Hosking if the country has five banks making profits, at least one will re-invest in KiwiSaver. Stubbs says it'll bring pricing pressures into the market, which there's very little of right now. LISTEN ABOVE See omnystudio.com/listener for privacy information.
In this bonus from our conversation with Labour's Finance Spokeperson, Barbara Edmonds unpacks her approach to tax policy. Following our conversation with Finance Minister Nicola Willis, Barbara raises the question of fairness in how different types of income are taxed, and the need to reassess what's included in New Zealand’s “broad base, low rate” system.Barbara also weighs in on employee share schemes, saying they can lift productivity and give workers a real stake in the businesses they help grow—if the tax settings are right. For more of this episode or our chat with National's Nicola Willis, head to http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.
Rates, rent and power are a trio of factors responsible for driving up inflation, which has now jumped to a 12-month high. Stats NZ data showed food costs were also surging, alongside rates shooting up by 12.2% and electricity rising by more than 8%. However inflation is still within the Reserve Bank's target band and Finance Minister Nicola Willis has said it is under control. But the opposition said it shows the cost of living is still a problem. Kiwi bank Economist Jarrod Kerr spoke to Melissa Chan-Green.
The Prime Minister has promised to take action in the coming months to tackle the cost of living crisis. Christopher Luxon has acknowledged it is still tough out there for too many kiwis and the government's focus is on unlocking economic growth. According to Stats NZ the price of food has gone up 4.4% in the last year. Electricity is up almost 9% and gas is up more than 15%. As of March last year house insurance was up almost 25 % and contents insurance up about 28%. This week figures from Centrix showed almost half a million people are behind on debt repayments. Finance Minister Nicola Willis spoke to Lisa Owen.
