Politics 🗳️ NZ Politics

[Damo]

All the left on here criticising Luxon and yet he’s helped increase the rights share to the point they can cut out a coalition partner.

I think the left should focus on Hipkins and how Labour will form a government with the Maori party rather than attacking the guy who’s quietly getting things done. A year of economic crap and the rights growing!

I guess all the attacks show how much they fear a results driven leader

How is the right growing?

1st Poll
National got 38.08% at the election, down to 37% in that poll.
Act got 8.64% now steady at 8%
NZF 6.08% now at 6%
52.8% down to 51%

2nd Poll
National 34%
Act 13%
NZF 5.4%
52.8%, steady at 52.4%

If anything National/NZF voters have just moved to Act

 

[wizard of Tauranga]

How is the right growing?

National got 38.08% at the election, down to 37% in that poll.
Act got 8.64% now steady at 8%
NZF 6.08% now at 6%
52.8% down to 51%

National 34%
Act 13%
NZF 5.4%
52.8%, steady at 52.4%

If anything National/NZF voters have just moved to Act

Quote NZ Herald:

‘On these results, National (44 seats) and Act (17 seats) could just govern with 61 seats. NZ First would receive seven seats.

Labour would have 34 seats, the Greens would have 11, and Te Pāti Māori would get seven. These calculations assume that all electorate seats are held.’

New poll reveals big gains for Act, Te Pāti Māori, main parties lose ground

But National and Labour are down.

www.nzherald.co.nz

In any case polls are polls. But it’s quite clear support for the coalition hasn’t dropped despite all the negativity out there.

 

[Damo]

Quote NZ Herald:

‘On these results, National (44 seats) and Act (17 seats) could just govern with 61 seats. NZ First would receive seven seats.

Labour would have 34 seats, the Greens would have 11, and Te Pāti Māori would get seven. These calculations assume that all electorate seats are held.’

New poll reveals big gains for Act, Te Pāti Māori, main parties lose ground

But National and Labour are down.

www.nzherald.co.nz

In any case polls are polls. But it’s quite clear support for the coalition hasn’t dropped despite all the negativity out there.

The government already has 68 seats mate

National: 49
Act: 11
NZF: 8

As I said, National/NZF voters seem to have been pushed to Act

 

[MrFrankWhite]

Not sure where this comes from or if it’s policy but it’s superb scaremongering by simply extending what was actually happening last term under Labour/ Maori.

Yeah wasnt 100% sure on an unsourced document being circulated online.

 

[wizard of Tauranga]

The government already has 68 seats mate

National: 49
Act: 11
NZF: 8

As I said, National/NZF voters seem to have been pushed to Act

Nat act had 59 and needed NZ First. Now they have 61 and could cut out NZ First.

Really all in the margin of error in the polls but it’s clear Labour hasn’t won back much of middle NZ despite the crap conditions.

 

[John Nick]

All the left on here criticising Luxon and yet he’s helped increase the rights share to the point they can cut out a coalition partner.

I think the left should focus on Hipkins and how Labour will form a government with the Maori party rather than attacking the guy who’s quietly getting things done. A year of economic crap and the rights growing!

I guess all the attacks show how much they fear a results driven leader

I personally haven't seen any changes.
Health system hasn't got any better.
Tax is the same. Crime still rife.
Cost of living same.

Ram raids may not be the popular thing for the younger guys. Stabbings are now in vogue.
No I haven't seen anything that's made a significant difference for me.

 

[Damo]

Nat act had 59 and needed NZ First. Now they have 61 and could cut out NZ First.

Really all in the margin of error in the polls but it’s clear Labour hasn’t won back much of middle NZ despite the crap conditions.

Thank you, I realise that. I just disagreed with you saying the centre-right had made gains when they clearly hadn't. Just voters jumping ship

 

[wizard of Tauranga]

Thank you, I realise that. I just disagreed with you saying the centre-right had made gains when they clearly hadn't. Just voters jumping ship

And still 2 years to go to when the real poll counts.

Still basically preseason for the political competition!

 

[Mr. Brownstone]

And still 2 years to go to when the real poll counts.

Still basically preseason for the political competition!

Although we are at the absolute bottom of our economic cycle (hopefully), so these latest polls are pretty good results for the incumbents.

 

[John Nick]

Although we are at the absolute bottom of our economic cycle (hopefully), so these latest polls are pretty good results for the incumbents.

Tbf apart from the Treaty business they've had a pretty clear run.At least compared to the last government

 

[Inruin]

Ministers hope to shake up banking competition by powering up KiwiBank​

Stuff reporters
Dec 09, 2024 •06:55pm
Share

Finance Minister fires warning shot to big banks

The Government hopes to encourage KiwiSaver funds and other local investors to inject an additional $500 million of capital into Kiwibank so it can become a bigger player in the banking market.
Finance Minister Nicola Willis said a range of measures would be needed to change the banking sector but it accepted the advice of the Commerce Commission that a larger Kiwibank would make a difference.

“Treasury have been directed to talk to New Zealand KiwiSaver funds, New Zealand investment institutions and New Zealand professional investor groups about a potential investment of up to $500 million in the bank,” Willis said on Monday.
A public share offering might be an option to raise further funds in the longer-term, but Kiwibank wasn’t likely to be ready for that until it completed an overhaul of its IT systems in 2028, she said.

That meant no decision would be made on a share-market float during the term of the current government.

Prime Minister Christopher Luxon and Finance Minister Nicola Willis.Robert Kitchin / Stuff
Willis said she had also communicated her expectation that the Reserve Bank place a greater emphasis on banking competition across a range of its policies and actions.
Those expectations were in the form of a revised Financial Policy Remit, which asked the bank to prioritise:

• expanding access to the exchange settlement system with decisions by March 2025
• reviewing risk weighting for a range of bank lending
• reviewing minimum capital thresholds for new entrants into the banking sector
• reviewing restrictions on the use of the word “bank”
• dismantling barriers to lending for housing on Māori freehold land
• working with industry to make bank accounts more widely available.

“The Commerce Commission’s market study of the banking sector found that the sector was uncompetitive, and New Zealanders were not well-served by a highly profitable, two-tier oligopoly,” Willis said.
“Cabinet expects the major trading banks work to deliver a fairer deal for bank users, including accelerating open banking, improving the payments New Zealand switching service and allowing greater comparison between home loans.
“The big banks are on notice. The Government is explicitly leaving open the possibility of further action if we don’t see enough progress.”

Kiwibank’s 100% shareholder Kiwi Group Capital Limited (KGC) and Kiwibank said they supported the Government's announcement.

“This is closely aligned with KGC's strategic objective to assist Kiwibank to carry out and develop its business. KGC will support the Treasury to undertake the preparatory work required by the Crown to understand what a private placement to suitable New Zealand institutions might look like," KGC Chair David McLean said.
“In considering capital raising options, KGC is committed to preserving Kiwibank’s Purpose and Kiwi identity.”
Kiwibank chief executive Steve Jurkovich said that Kiwibank was up for the challenge of taking on the larger banks and would welcome further access to capital over time.
“Kiwibank’s faster than market growth shows that we are fulfilling our role as a competitive alternative to the larger banks and with more Kiwi choosing us momentum is on our side. We believe this reflects a clear preference among many Kiwi for a New Zealand-owned bank, whose earnings and profits are retained in Aotearoa,” he said.
“With access to additional sources of capital we can grow faster and create even more competition in the banking sector as we continue to deliver on our Purpose of Kiwi making Kiwi better off. We believe that can only be a good thing for our customers and New Zealand, both now and in the future.”

Stuff

www.stuff.co.nz

 

[Mr. Brownstone]

Tbf apart from the Treaty business they've had a pretty clear run.At least compared to the last government

Yeah agreed, and the reality is that the treaty business was probably a net positive for them - the protesters probably weren’t remotely representative of the views of middle New Zealand.

Btw, you know those freight green shoots comments we discussed a while back… seem to have disappeared back into the soil haha

 

[John Nick]

Yeah agreed, and the reality is that the treaty business was probably a net positive for them - the protesters probably weren’t remotely representative of the views of middle New Zealand.

Btw, you know those freight green shoots comments we discussed a while back… seem to have disappeared back into the soil haha

Agreed
The green shoots have withered.
I must say that the turn around at POAL has been amazing.
Shows that a decent respectful boss can make a huge difference even with a strong Union.
Still getting Business awards and the returned respect and harmony of the Union.

 

[Mr. Brownstone]

Agreed
The green shoots have withered.
I must say that the turn around at POAL has been amazing.
Shows that a decent respectful boss can make a huge difference even with a strong Union.
Still getting Business awards and the returned respect and harmony of the Union.

Yeah he’s done a very good job, sensible pricing strategy has obviously been a big contributor to the turnaround as well. Still more to come. Also very encouraging for the courier industry to see that Roger is also now on the board of NZ Post.

 

[John Nick]

Yeah he’s done a very good job, sensible pricing strategy has obviously been a big contributor to the turnaround as well. Still more to come. Also very encouraging for the courier industry to see that Roger is also now on the board of NZ Post.

Thanks I missed that. Been big on safety as well.
One of the biggest stevedore companies is going a restructure as I understand

 

[Tragic]

All the left on here criticising Luxon and yet he’s helped increase the rights share to the point they can cut out a coalition partner.

I think the left should focus on Hipkins and how Labour will form a government with the Maori party rather than attacking the guy who’s quietly getting things done. A year of economic crap and the rights growing!

I guess all the attacks show how much they fear a results driven leader

I doubt that Luxons goal was to increase ACTs share of the vote. I would prefer national governing alone tbh.
I don't mind his fiscal policy of getting back to surplus, but we also need a party that understands NZs strengths and grow per capita gdp. Do we even have a party that has a vision to do that? It requires investment and a strategy which national doesn't have but nor does anyone else as far as I can see.
We are fucked with this government and i can't see anything but more people being left behind. But the alternative is no better because they couldn't run a piss up in a brewery.
TOP was the only party that had a growth vision and they are gone. The rest have tunnel vision around a set of policies for a minority.

 

[Bay39er]

Heard tonight from a source inside NZRail that there will be two large ferries not rail enabled.

Not sure whether he was taking the piss or not but he is well up the executive tree

 

[John Nick]

Heard tonight from a source inside NZRail that there will be two large ferries not rail enabled.

Not sure whether he was taking the piss or not but he is well up the executive tree

No surprises there.
Less crossings. More downtime loading and unloading.
More expensive for industry.

 

[wizard of Tauranga]

No surprises there.
Less crossings. More downtime loading and uploading.
More expensive for industry.

If it can be done for under a billion instead of $3b and counting, is it worth it?

We could build a new hospital for the cost of that bit of extra loading time?

 

[wizard of Tauranga]

If it can be done for under a billion instead of $3b and counting, is it worth it?

We could build a new hospital for the cost of that bit of extra loading time?

Speaking of costs and hospitals:

New mental health hospital in Rotorua goes up $17m to $50m.

Started by Labour, it builds a 16 beds unit to replace an existing 14 bed unit. So 2 extra beds for $50m .

That’s where the $2b mental health budget has been frittered away to - $25m per bed.

That’s more than the total funding to Mike King over the next 4 years for 1 extra bed, when King helps 15,000 young people per year...

'Way overdue': Mental health unit budget rises by $17m, completion further delayed

The unit was initially expected to be finished in 2023.

www.nzherald.co.nz