The Mike Hosking Breakfast

New Zealand’s largest bank is lending less cash to businesses than it was half a decade ago.  Figures from the Reserve Bank show a softening across all bank business lending since the pandemic, with ANZ the only one going backwards.  The overall growth rate across all banks has slowed to just 1.5%, down from 6% in 2013.   ANZ CEO Antonia Watson told Mike Hosking much of the drop is caused by a decrease in lending to commercial property.  She says their decision was to support their existing customers through rising interest rates and tougher circumstances as opposed to taking on new customers.   However, she confirmed the bank is back to taking on new customers.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

On the Mike Hosking Breakfast Full Show Podcast for Tuesday 24th of June, our golden visa has done better in the last few months than it had under two and a half years of Labour. People want to come here, and they are bringing millions of dollars with them.  Local Government NZ respond after Christopher Luxon and Shane Jones proposed getting rid of regional councils.  All Blacks coach Scott Robertson tells Mike what he's been doing during the offseason and his expectations for the 2025 season.  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.

Scott Robertson has called up five new faces for his first All Blacks class of 2025, with his 35-man squad for next month’s series against France named.  All Blacks regulars Dalton Papali'i, Ethan Blackadder and David Havili have been left out of the squad instead.  The trio’s exclusion comes with the inclusion of Ollie Norris, Brodie McAlister, Fabian Holland, Timoci Tavatavanawai, and Du'Plessis Kirifi.  Coach Scott Robertson says it wasn't easy to leave out players like Papali'i, Blackadder, and Havili.  He told Mike Hosking that you need to give opportunities to players over this period of time and get to know what they’re going to be like in action.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

The leader of the country's local government association says there's global evidence a rates caps can have detrimental effects.  The Government's mulling a cap as part of its wider reform to refocus local government.  Sam Broughton —Mayor of Selwyn District Council and Local Government NZ President— says if core infrastructure like water and transport aren't included in a cap, it can lift a council's borrowing costs.  He told Mike Hosking Australia is seeing the negatives: New South Wales has a cap, and has seen higher rates increase than those states without one.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

US and UK law enforcement will soon be using a New Zealand-developed strategy to help boost police performance.  Vantaset utilisises research into people’s breaking points to assist elite athletes in performing their personal bests, at a rate of 87%   Now they’ve signed long-term deals with global law enforcement agencies to reengage frontline officers.  Founder and CEO Craig Steel told Mike Hosking that agencies such as the police understand the performance of their people is really critical for their success.  He says they’re really looking for better ways to be able to engage their people and ultimately help them deliver the outcomes that matter.   LISTEN ABOVE See omnystudio.com/listener for privacy information.

The application process for New Zealand's 'golden visa' scheme' is firing up and going strong.   The Government's confirmed almost 200 applications have been received from overseas investors since settings loosened in April.   Queen City Law Managing Director Marcus Beveridge told Mike Hosking he's predicting a tsunami of capital into our little economy.   He says he wouldn't be surprised if we don't exceed $10 billion a year from immigration alone, and with those migrants bringing more money, we could end up with up to $30 billion per annum.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

New Zealand First says the country can no-longer afford a drawn-out Treaty settlement with the largest iwi.   The party's drafting legislation to require a single settlement with Ngāpuhi, rather than multiple agreements.   However, Treaty Negotiations Minister Paul Goldsmith has signalled he's open to settlements with smaller groups within iwi.  NZ First MP Shane Jones told Mike Hosking the $20 million process is holding up Whangarei Hospital redevelopments.   He says one group is hijacking the claim by introducing notions of sovereignty at the cost of the taxpayer.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

If you didn’t know, ACC is in some fiscal trouble again. This isn't new. ACC has been in trouble for years. Last year, 1.6 million of us managed to do something to ourselves which involved money - $4.5 billion dollars worth. That's just on rehab. The total is $7 billion paid out. It's an astonishing amount of money - and the problem is what we pay in doesn’t cover what goes out. ACC run a scheme whereby money is invested in the hope the returns offset the bills. I personally pay thousands a year and have done for decades. To this day I have never claimed a cent. The original idea was a no-faults scheme, as opposed to a U.S style scheme where we lay blame and get lawyers. 16,000 people did something to themselves in the garden last year and claimed millions. Previously physio has been the issue. When does physio stop? Who knows, but let's have another three sessions while we decide. Go to any doctor with anything that hurts and the first thing they do is start tapping away on the ACC claim. Like most of these altruistic ideas somewhere along the way we lost the plot. It might be that we need to tidy this up. Foolishly perhaps, I have always seen ACC as work related. If you injure yourself and can't work, this is its value. Not if you cut your finger pruning hydrangeas. We had a family member who was off work for months, I think too many months. They wouldn’t let him back even though he wanted to go back. But they kept saying "oh, just in case". I wonder if there is too much "just in case". The risk payments work to a degree. 40 percent of payouts are in construction, manufacturing, agriculture and fishing. I pay as a journalist, even though I'm not a journalist, but they can't work out what I am or how to charge me. Part of a journalist's risk is being in a war zone. I can tell you journalists generally in New Zealand don’t go to war zones. Anyway, 1.6 million people with two million claims and all up it cost $7 billion. In barely over two years basically every single one of us makes a claim. That's not right, it's not normal and it's why they can't pay their way. The system doesn’t work. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Prime Minister Christopher Luxon told Mike Hosking that ongoing strikes and counter-strikes won't lead to a resolution.  He says all the parties need to get around the table and negotiate a way forward, although that will be very difficult.  The Prime Minister said, “You’ve got to be able to get the parties around the table and have a negotiation.”   This comes ahead of the Prime Minister’s visit to the Netherlands, where he will meet with the Dutch Prime Minister and leaders of NATO. See omnystudio.com/listener for privacy information.

On the Mike Hosking Breakfast Full Show Podcast for Monday the 23rd of June, we go to the US after they got involved in Iran and Israel's war and talk to Winston Peters about NZ's stance on it. The Prime Minister has touched down in Belgium for a NATO meeting but had time to talk to us about Iran, councils and hundreds of millions of dollars of deals done in China. Andrew Saville and Jason Pine cover the big weekend of sports - the Crusaders win, the Warriors loss and Peter Burling's big move. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.