Guyon Espiner

And Labour sort of looked at that and thought, well, we don't want that, so let's run on a very simple CGT.

They've done a very good job with that.

They've locked the CGT down.

It's like when you make a boat and you sand down all of the ridges and stuff so it glides through the water very perfectly.

The CGT is like that.

Very hard to land a blow on that because they have sanded off all the ridges.

But apart from the CGT, there's really not a lot of Labour's plans.

They've got a plan for...

increasing film production in New Zealand, a plan to increase the game development rebate, possibly doing a dual mandate at the Reserve Bank again.

It's not very transformational stuff, little wee policy tweaks, but nothing that major.

And that very light, non-major policy sort of platform that they're running on at the moment, that does suggest that at the moment Labour is thinking the strongest policy we have to take to voters is to get rid of the government.

No poll has shown Labour able to win without Te Pāti Māori's help.

And Te Pāti Māori haven't really been helping themselves as Parliament.

They've lacked discipline, in the simplest, putting it simply, they've been all over the place.

It's been really chaotic.

They haven't got a lot of parliamentary achievements to show for their time in Parliament.

Six years now since they re-entered Parliament in 2020, and they don't really have many wins to show for it.

And I do wonder whether they are a bit of a drag on Labour's party vote.

And I think the coalition certainly thinks they are, because whenever Christopher Luxon's asked about how...

How dreadful the coalition's polling is.