Christopher Luxon: Prime Minister talks PREFU, council amalgamation, campaign launch and the Waitangi Tribunal
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What does the Prime Minister say about the upcoming Pre‑Election Economic and Fiscal Update?
The Prime Minister is in the studio with us. A very good morning to you. Morning, Mike. What's your assessment of the truly undecided in this election campaign now that you've officially launched it? Yeah, what do you have a number? Have you been told a number that's genuinely undecided you need to do? Uh no. I mean there's there'll be
I I all I've heard is you know, there's there was up until recently, you know, people still not really even clocking that the election was coming November seventh, which it found feels hard for me to believe because I feel like I've known it's coming all year, but obviously. But I think people are really dialing in now and uh that's what we've is that why we've got to make the next six weeks, you know, very, very clear, you know.
One of the things that came out yesterday in Nicola's speech, she's s she said pre food tomorrow, you will like it. Do you know what's in it? Um I've got a a top line but we'll talk about that tomorrow. No, that's what I know. I'm not gonna ask you about what's in it. But if it's good, is it good? Would you argue it's good? Well I think you know, I think people will be encouraged by it. Yeah. Good.
How does Christopher Luxon describe New Zealand’s economic growth since May?
And so for labor it's good as well because they need tomorrow to be good so that they can explain All the stuff that they're paying for and how that's going to happen. Is there any is there enough for the thing? Well God knows.
I mean there's they've got an eighteen billion dollar hole of freebies I promise people, no one's got a clue how they're paying for it.
So so even with tomorrow's preview, there's uh not enough in there for them to be able to go there there are the numbers and this is how I'm not going to talk about
preface. You're very good at this at trying to get information out of me. Uh and then um but no, look, I mean the key thing is that you've heard economists um around the world, whether it's been Moody's S and P, the Reserve Bank, Treasury saying our economy's strengthening. You saw last week two point six percent growth for the year, faster than the US, UK, Australia, Canada, um, Japan. That's really good stuff. So there is more momentum in this economy happening. Last week, tourism numbers back to pre COVID levels. Manufacturing strong, exports still great. Good good. But but the
point being if if that if that plays out tomorrow, they can say based on that, here's why we're doing what we're doing and then that's in play then, isn't it?
Well, I mean, I just haven't seen any detail from them, right? I mean the thing that's very important to Nicola and I is that we have to basically get the books back in order so we can start to pay down some of this debt. That's why getting to surplus in twenty eight is really important. Um we've then got to make sure we get the education system firing, obviously keep embracing technology, infrastructure, red tape and obviously more trade and investment.
What are the government’s long‑term fiscal goals, including surplus and debt reduction?
So those are the big things in an economic plan, a long term economic plan that we're working towards. Um prefo, you know, that'll come out tomorrow that'll say where we are, the latest view of where everything's sitting. But uh, you know, it shouldn't be a surprise to people that the economy has been strengthening, you know, since May. Uh and you know, as you'd said, you know, a couple of weeks ago, we got through that quarter two period, which was pretty sporty with the fuel problems and we still grew the economy through that.
The uh policy d did you consider yesterday announcing anything by way of a policy?
Well we kinda did. I went back through the list of things that we've already announced. We'll have more things to announce as we go through to November the seventh. The key thing was really just the pledge card, which is our ten key commitments on it, that I you know personally committed to eight of them last time in twenty twenty three. I think it's a good idea, keeps our government focused on on what we're there to deliver and do.
Okay, Labour come out with the student loan. Uh it it it's very Labour and last time they did it it worked.
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Chapters
8 chapters
1
What does the Prime Minister say about the upcoming Pre‑Election Economic and Fiscal Update?
0:00–0:51
2
How does Christopher Luxon describe New Zealand’s economic growth since May?
0:51–2:10
3
What are the government’s long‑term fiscal goals, including surplus and debt reduction?
2:10–3:41
4
How does the National Party plan to reform student loans and tertiary education funding?
3:41–5:07
5
What is the National Party’s stance on council amalgamation and regional reform?
5:07–6:22
6
Why is the Waitangi Tribunal’s future a contentious issue for the election?
6:22–7:31
7
How are global debt markets and rising yields affecting New Zealand’s fiscal strategy?
7:31–8:41
8
What does Luxon say about the importance of achieving a surplus by 2028 for national security?
8:41–10:48
Speakers
2 identifiedMore from The Mike Hosking Breakfast
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John Small: Commerce Commission Chair on clampdown of cartel behaviour and bid rigging
Mark the Week: Supermarkets have become the obsession of the campaign
Mike's Minute: Council amalgamation – something else this Govt didn't deliver
Richard Arnold: US Correspondent on the meeting between Trump and Xi, return of the White House press pool
Wrapping the Week with Kate Hawkesby and Tim Wilson: Critiquing Mike, school holidays, ageing