Kerre Woodham Mornings Podcast

I thought I'd start with the idea, the initiative, if you will, coming out of the think tank, the New Zealand Initiative. I love generally the work that they produce because even though you might not agree with the ideas that they put forward, there's generally a good discussion to be had. You hear the pros, you hear the cons, you think, mmm, okay. This one though, I'm not so sure. More MPs. Increasing the number of MPs in our parliament from 120 to 170. Oh, I don't think so. Our parliament may be small compared with other countries with similar populations, but until the New Zealand voting public has a seismic shift in the understanding of civics and civil society, and refocuses itself, if we all have to refocus on responsibilities over rights, then the fewer politicians, the better. Senior fellow at the Initiative, Nick Clark, says though that we need more politicians because the ones we have are stretched too thinly, they're doing too much work, and that means there's a very real risk of poor legislation being drafted.We have difficulty with select committees in terms of the ability for them to properly scrutinise legislation, and that's partly because the MPs that we do have available are so thinly stretched. We have MPs that end up on multiple committees. They can't give a good handle on what's going on, as much as they perhaps should. They get inundated with submissions. It's a good idea, I think, to just spread the load a bit more by having some more MPs. Also, the electorates that we have are very large, both geographically and in population terms, and they're becoming increasingly difficult for MPs to service the rather complex and intense needs of the constituents. So these extra MPs will be electorate MPs, not list ones. Some will be, yep, yep, ... we'd be looking at the 50/50 split. That was Senior Fellow at the New Zealand Initiative Nick Clark talking to Ryan Bridge this morning. So a few more electorate MPs, but also more list MPs. No, thank you. No, thank you very much at all. Maybe if every MP who was being paid by you and me, by the public purse, was pulling their weight, you could argue a case that they're overworked.  But while a large number take the job very seriously, there have been many instances of MPs across the house calling out others for laziness, for not understanding the job and not doing it. I think when we have MPs who are accountable to an electorate, there is a far greater sense of ownership. So if you had more electorates, perhaps I could consider the case for it, but certainly, no. No more list MPs. And in another New Zealand Initiative report, Dr James Kierstead says there's a disconnect between politicians and the people they represent, just as there is in many other democracies around the world. And his report, he says in recent years, governments have enacted a number of policies that were clearly opposed by most Kiwis. Three Waters legislation was forced through despite multiple polls consistently showing that a majority of New Zealanders opposed it. Only a year after Three Strikes legislation was repealed, a poll suggested nearly two-thirds of New Zealanders wanted it to stay on the books, and only 16% of them wanted it repealed. Nonetheless, when Labour came in, they did that anyway. And despite polls showing clear majorities of Kiwis supported the actual wording of the Treaty Principles Bill, it failed to progress beyond its second reading. Dr Kierstead says we need more direct input from citizens as the solution. Again, I'd say no, not until we have a better educated voting population.  If you're listening to the show, I'm assuming you know a little bit about politics, you know a little bit about how parliament works. Some will have a greater understanding than others, but you have an interest in politics. You understand how legislation is enacted. You understand why we have a parliament. You understand the roles of MPs. But there are so many who don't. They won't look at policies. They'll either vote tribally or they'll vote because somebody looks better than somebody else does. They won't be looking at what policy is going to mean further down the track. They'll just look at how it directly impacts on them, and that's okay if that's their interest. I just don't think that we are intelligent enough to be either represented well, because let's face it, MPs are drawn from us, and we are an imperfect pool of people. And I don't think we know how to keep them accountable.  I don't think we know what to expect of them. I don't think we pull them up when they're making grievous errors of judgment when drawing up their list MPs, looking at you, Greens. Somebody said yesterday that the biggest threats to our society are apathy and ignorance, and I would agree. Increasing the pool of MPs by another 50? We're going to have to do a lot better than that before I'd even remotely concede to discussing that one. LISTEN ABOVESee omnystudio.com/listener for privacy information.

When the Government unveiled it's maths action plan in August last year, we spoke to Distinguished Maths Professor Gaven Martin. Widely regarded as New Zealand's leading mathematician, Gaven gave the new plan better odds of working than curriculum under the previous Government. Now, more than 40 maths educators and researchers have written an open letter calling on the Ministry of Education and Erica Stanford to pause the latest curriculum rollout immediately. They are questioning why the maths curriculum has been re-written for the third time in three years, saying they were “deeply concerned” by both the changes themselves and the process used for its development. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Early this morning, the Labour Party made a surprise Capital Gains Tax announcement. The targeted tax would raise funds for the health system, including three free doctors' visits per year. The tax wouldn't apply to the family home, farms, KiwiSaver, shares, business assets, inheritances, and personal items. Dentons Tax Partner Bruce Bernacchi told Kerre Woodham that, "people will call it a capital gains tax when it's actually not, because it's extremely targeted just on property." LISTEN ABOVESee omnystudio.com/listener for privacy information.

I was looking last night at things we could talk about, and there was plenty to talk about, all of which got superseded by Labour, Labour, Labour - having to release their capital gains tax, which is targeted to three free doctors' visits. Labour's been playing peekaboo with a capital gains tax for some time now. Oh, will we, won't we? Oh, what's it going to look like? Can't tell you. And now they kind of have. We finally get to hear the detail on what that CGT is going to look like, except #notreally. Because the release was made early because it was leaked, and so nobody got up to speak to the policy. Chris Hipkins, Barbara Edmonds, and Ayesha Verrall are doing that at 10:30am today, despite their press release having been out for the past five hours. With all news media going, what the dickens? What does it all mean? Does nobody actually talk to one another in the Labour ranks? Last week a health policy was announced and Chris Hipkins was taken by surprise. Today there's been the leak, not ideal. Anywho, from the press release, Labour will set up a Medicard for all New Zealanders, giving you three free doctors' visits per year, whether you need them or not, and will pay for it with a targeted capital gains tax. There was some detail included in the release. The tax will exclude the family home, Kiwi Saver shares, business assets, inheritances, and personal items. And the tax will only apply to gains made after July 2027. I heard Mike reading out a text saying, "Oh, I bought the batch in 56,1956. It's been in the family and now I'm going to have to pay a million dollars in tax." Well, no. The tax will only apply to gains made after July 2027. Back to the press release we go ... currently most profits from selling commercial property or residential property are tax-free. A new targeted tax would apply only to the sale of a commercial property or residential property, excluding the family home, and only on the gains made after the 1st of July 2027. There would be no tax on any gains made before that date. I don't think that was very clear this morning in the discussion. The tax would be set at 28% to align with the company tax rate. So some detail. So many more questions. I have some, and hopefully we'll be able to put them to Chris Hipkins, Ayesha Verrall, or Barbara Edmonds at some point. How much will three free visits for every New Zealand cost the taxpayer? Anybody? No. Related to that, how much does Labour anticipate collecting from a targeted capital gains tax? Anybody? Nope.  Does it include dental, which is what a lot of primary healthcare researchers have been calling for, or just the GP visits? Why does everybody get three free visits? If one in six New Zealanders can't afford GP visits, why are taxpayers paying for the five in six who can? What if I don't need to visit the doctor three times a year, but my neighbour needs to visit 10 times? Surely it's better to look after people who are born with poor health or develop poor health over a lifetime, and look after them and keep them out of the hospital system. And not specifically related to the policy, but why are you having so much trouble releasing policy, Labour? Seems to be a bit tricky. You've had quite some time to develop it. Anyway, hopefully we can put these questions to them, but there has been much talk about a capital gains tax. We've been waiting for the other shoe to drop, waiting for Labour to release this. It's so targeted, so specific in terms of how the CGT will be applied, and then to tie it in with free GP visits, three per person per year, when five in six New Zealanders don't need free visits. What's the point?   You might think it's amazing. If so, I'd love to hear from you. If this is an absolute game-changer for you, I'd love to know how and why. To me, it's a complete and utter head-scratcher. And I'm trying not to be biased against Chris Hipkins. But I am a bit, a little bit. But I'm open-minded to Barbara Edmonds and Ayesha Verrall, I quite like them in terms of the policy they announce. Chris Hipkins is a likeable chap, but I just think he's been a failure when it comes to delivering any kind of policy. I'm willing to keep a relatively open mind to Barbara Edmonds and Ayesha Verrall, but they're not doing much to convince me. Why give something to people they do not need? That's been a criticism of National with the tax cuts and the landlord rebates. Why give something to people they don't need? Why not target it to the people who do need it? And what's the point of bringing in a capital gains tax if it's going to be put into harness with three free GP visits to people who may or may not need them? I give this one a two out of 10.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

They say when one door closes, another one opens.   That’s certainly been the case for Lisa King. In the same breath she closed her first business Eat My Lunch and started a drinks brand AF Drinks. AF stands for alcohol free - and it's a range of booze free cocktails. The brand has picked up on a huge rise in people who want to drink less or not at all.   It’s a change not just seen in New Zealand, but across the world. Within two years in the US market, AF Drinks are now available in 4000 stores in America.  Lisa King joined Kerre Woodham in studio for the latest episode of Bosses Unfiltered.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Extreme winds are battering Wellington, Wairapa and the South Island.  Winds of up to 150km/h are expected today as red strong wind warnings are in place for much of the South Island's eastern regions and southern parts of the North Island.  More than 100 flights have been cancelled, along with some of the planned strikes in tehe affected areas.   Transpower Executive General Manager of Grid Delivery Mark Ryall told Kerre Woodham that three the Canterbury to Nelson power lines 'trip out' due to the extreme weather.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

Talkback isn't really the place for good news. Generally, it's a forum where we can vent our respective spleens, express our frustrations, have a good old moan, and yes, we do share stories and we exchange information, but mainly it's to bristle about things that we feel aren't going right and could be better. Good news, we tend to think that, oh, good, yes, things are back on track. They've listened to what we have to say, and things are as they should be, and then you don't bother phoning in because you just think, well, that's as it should be.   But the news that youth offending has come down dramatically is simply too good not to share. Especially given the amount of bristling that went on when it was at its peak. There has been a 16% reduction in children and young people with serious and persistent offending behaviour. And if you take that number and think of it as children, as young people, whose lives are now not going to be blighted and off course and may stay off course forever, these are lives that have been saved, pretty much. Minister for Children Karen Chhour said in her press release, "I am proud to announce that the government's target has not only been achieved but surpassed." The target's been reached four years early in terms of bringing youth offending down. She should be proud. She really should be. As should the government agencies involved in short-circuiting the trajectory of these young people's lives. Youth crime, you will recall, was an absolute blight back in 2022/2023. Prior to then, it had been steadily declining both here and the Western world over, over the past decade, and nobody really knows why, but youth offending had come down. But then along came Covid, and post-Covid, with all the isolation that was caused, all the rules being up in the air, lack of consequences for anyone at the time, given the be kind, be nice attitude, schools being closed,parents going quietly mad in some parts of the country, child offending went nuts. It was a campaign issue. People were absolutely fed up to the back teeth with youth ram raids, with parents taking their kids out in the middle of the night to steal and rob other people's homes. Remember all that terrible footage of the time from people's home security cameras where you'd see the cars pull up and these littlies of 9-10 years old, in their pyjamas, getting out and doing the robbing for their gutless, malevolent, evil caregivers? It was absolutely shocking. And the waste of young lives was just cruel. But now, and to be fair, it is building on what the previous government started with the multi-agency approach. Youth crime has come down and it's come down dramatically. The Minister for Children Karen Chhour was on the Mike Hosking Breakfast this morning explaining just why it's dropped. Some of it is young people no longer believe that they can avoid this accountability. I'm hearing it all across our communities, that they know that there's going to be consequences if they're caught. Other parts of it are better coordination between courts, Oranga Tamariki and police. And then we've taken some of the learnings from the military style academy pilot and put better investment into transitional support for young offenders coming out of youth justice. And we're investing in a number of safety and quality improvements to facilities in youth justice residences. So there's a lot of work that's been going on in the background, all around rehabilitation and making sure we are helping these young people be the best versions of themselves. This is good for them, and it's good for our community. Absolutely. I could not agree more. And when you think of the flak that poor woman took from Māori MPs in Labour and Te Pāti Māori, who accused her of not being Māori enough and being a traitor to her race and all. She has done more to help children , to help because unfortunately Māori children were overrepresented in the youth offending stats. She has done more to help them than they have done with their posturing and their infighting and their race baiting. She has made more practical difference to the lives of kids who didn't have a show when they're born to parents who just use them as tools in their offending because they know, and knew then, that there wouldn't be any consequences. Now there are. So bloody hats off to her. And good on her for staying focused on the kids, which was the reason she got in to Parliament, rather than being distracted and put off . She stuck in there because she believed in what she was doing and she believed as a child of state agencies herself, she wanted to make a difference for the kids, and she really has. And again, there's many reasons for that. It's building on what was started under the previous government who thought, bloody hell, we can't go on like this - the multi-agency approach proved to be very effective and that is continued. But if you also look at truancy - the data shows rising attendance every term since David Seymour made it his mission to get kids back into the classroom. In term two of 2025, 58.4% of students attended school regularly. In 2022, that was 39%. There's been a huge increase in the number of kids going to school.  It wasn't the school lunches that got them there. That was the carrot. I thought it would. I really did. I thought, yes, go the school lunches, starving kids, desperate kids will go to school and they'll turn up and they'll learn because they'll be fed and they'll see school as a safe place. No, didn't happen. What happened was a a carrot and a stick approach. An expectation that you will turn up for school. And if you're behind your desk, you're not behind the wheel of a stolen car, are you? This is good news. It's not perfect. There's still room for improvement. I'm not entirely sure about the boot camps, we haven't seen any figures from those, but that multi-agency approach is working. The expectation that kids will be in school is working. The fact that there are consequences for offending is working. This has got to be good news.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour released some policies yesterday. Very late in the piece, and you can kind of see why. Just like that, we're back to 2017 with a cut and paste of lofty rhetoric, promises to spend lots of money, and little to no detail. It's a dud, I think it's fair to say. And it's not just me saying that. Oh, we'd expect you to say that, you hate Labour. No, I don't hate Labour. I just hate really, really dumb ideas. I hate the fact that they think that we're all idiots. I hate the fact that they're relying on the fact we have short memories. I hate the fact that apparently, they have been working on this idea since 2017, and this is all they can come up with. When you have Radio New Zealand's political analysts calling it a flop, it’s a flop. You know, they are about as sympathetic as you can possibly get. Basically, if you missed it yesterday, it was the announcement of a Future Fund. The Future Fund will sit alongside and be operated by the New Zealand Super Fund, with the Minister of Finance acting as the sole shareholder. Chris Hipkins (and this terrifies me), Chris Hipkins said the policy would be one of the cornerstones of the next Labour government. We want to back New Zealand businesses and invest in New Zealand. We need to see more of our wealth being invested back here in New Zealand rather than flowing overseas. So by using some of our existing public assets, our existing state assets, putting them into a Future Fund, using the returns from them to reinvest in growing New Zealand businesses, we can create jobs and keep more wealth here at home. You're putting in $200 million in cash. Are you also putting in assets? That's right. So we're not being specific right now on which companies, which, you know, existing companies would go in because there are market disclosure issues and so on. Some of those are pub, you know, partially publicly listed companies. But we'll set all of that out in government.  Set all of that out in government. Just trust us. We're not going to give you any detail. We'll just trust us to fix it in government. There is so much wrong with this thought bubble policy, I don't know where to start, so I'll let Chris Bishop do it. I thought it was a bit of a brain fart put to paper. I mean, honestly, like I had a read of it. Like my like there's more detail on my Uber Eats order than there is in what they've put in their document. I mean, honestly, it's just it's 11 pages - three of them are photos. One of them is like something that you take out of a clip art manual and chuck on the front page. I mean, honestly, it's there's nothing there. No, there's not. As Nat Rad said, Labour is most vulnerable to the criticism around the thin details, as it feeds National's well-established attack line that Labour is all slogans, no substance.  The policy documents came with no figures and no list of assets. And that glib Chris Hipkins, ‘I will fix that in government’, really? How did that work out last time? Not so well. To think that Grant Robertson began work on the Future Fund in 2017. Even allowing for the COVID years, that is the best they can do. Another concern is, as the PM pointed out, those crown assets provide profits that fund health and education. If the money is being diverted to the fund, where will the shortfall in funding come from? Probably increased taxation.  And that's fine, but give us the details so that we can then make an assessment on it. If you're going to get the extra funding through a capital gains tax or through raising income tax or whatever - tell us, and then we can decide whether that's where we want the money to go. Is there even a need for this fund to back New Zealand businesses? What is this trope that, plucky little New Zealanders have to have a stake in amazingly successful New Zealand businesses? The CEO of Icehouse was on with Mike this morning, and he pointed out that capital investors are always available for good ideas. There is no shortage of professional investors awash with money who know a good idea when they see one and will pay for it. Is it the government's business to be picking winners when it comes to SMEs? Didn't work with the DFC, which was created in the 60s, the Development Finance Corporation, to support industrial development in New Zealand through loans and equity. It failed spectacularly in the late 80s, costing the country billions.   Pattrick Smellie from BusinessDesk says Labour's claim that their future fund is comparable to Singapore's state investment house Temasek is completely and utterly unsustainable. Temasek has a mandate to trade in its assets and to invest offshore. Labour's proposal doesn't contemplate, he says, either of those things. He writes, the party remains wedded to an approach to public ownership that traps New Zealand in restricted choices about capital deployment, constrained returns, and a strategic straitjacket that says if the state already owns something, it should automatically continue to do so. The real concern here is that Labour is not worried about what informed commentators, like Pattrick Smellie, have to say about its policies. They don't care. Because they know that the vast majority of the voting public don't care. They're backing on people having short memories of its complete and utter ineptitude and failure to deliver on almost every metric the last time it was in government. All people know right now is that they're hurting. They're still hurting. This coalition government isn't setting them a fire. This coalition government promised a lot and really has yet to deliver. And I, you know, I know it's going to take time. But Labour is quite right to back on the fact that the vast majority of people just don't care. They won't read the detail. They won't even know that there is detail to look for. They won't even know that there is no detail. I think Pattrick Smellie put it brilliantly too. “The Labour proposal of the Future Fund suggests either that the party is economically illiterate or that its target audience is presumed to be”. Which is so true. The Future Fund criticises New Zealand Super Fund for only investing 11% of its assets in New Zealand. As Pattrick Smellie points out, the reason for that, and you know and I know, but the vast majority don't, is that the Super Fund's job is to fund pensions and get the best possible results from its investable capital, which means not overexposing itself to a small, vulnerable economy like New Zealand's. It is basic risk management. But no, this cornerstone of the next Labour government criticises the Super Fund for not investing all of the funds in New Zealand.   It is really concerning if this is the best they can do. They know that everybody who cares has been waiting to hear what its policy is going to be so we can compare and contrast. The coalition government has not set us on fire -okay, let's see what Labour can do. Wow. That's it. That is simply not good enough, and it is quite frankly, for those of us who care, terrifying.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Annual inflation has risen to a 15-month high of 3%.  Economists had been expecting inflation to reach or surpass the 3% upper limit of the Reserve Bank's target band.  The central bank's expected to look past this current spike when it reviews the OCR next month.  New Zealand Herald Business Editor-at-large Liam Dann told Kerre Woodham that, “this this drip feeding of the rate cuts means that everybody just waits.”   LISTEN ABOVE See omnystudio.com/listener for privacy information.

Beneficiaries who break the Government's job hunt rules face more intensive sanctions to prove they are hunting for employment.  From today, they will be required to report on at least three job search activities a week and participate in four weeks of training courses.  Minister for social development and employment Louise Upston told Kerre Woodham that the rules are for people, “who aren't doing their best, who aren't fulfilling their responsibilities, and this is a non-financial consequence of their inaction.”  LISTEN ABOVE See omnystudio.com/listener for privacy information.