Full Show Podcast: 22 September 2026
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How much money was spent on the scrapped Fees Free scheme and what are the implications?
The breakfast show you trust for news, opinion, sport, and all the big names. The Mike Hosking Breakfast with Range Rover, British luxury, classic elegance, modern reinvention, News Talks Ed B. Good
morning and welcome today to Big Tax Deductibility U-turn from Labour. Speaking of which, we also have the bill for fees free and how much was wasted. What's your mortgage? ANZ now says three cash rate hikes are coming. Maria Stan, star of the Reacher spin off, Neely's with us after eight. Catherine Field in France. Welcome to Tuesday, seven past six. Another of the oddities of this year um election campaign largely got overlooked last week with the sale of asset. Assets. So apparently they're off. If you miss that, they're off. National said they could be on, not this term, but possibly next. Treasury did some work to have a look at all the bits that the government owns to try and explain whether owning all of it made sense.
There is an as unyeth well, as yet unreleased list of businesses that don't make a lot of sense. Prime Minister talked of asset renewal and turning over things to make the most of your money. In other words, if you're going to park billions in something, it may as well. well be able to be explained to the owner, i.e. us, as to why we own it, what it does, what's the point, and is it the best use of our money? That door got closed as the finance minister, under questioning in the House, said as long as she was finance minister, there would be no sales. Now, I suppose under the new government post-election, she may not be Minister. Under current polling, and given she's on the list only, and the Nats do well in electorates,
And it's entirely possible they will get no one in off the list. She may not even be in Parliament. But let's assume it's business as usual and the whole idea's off. Obvious question is, why? Could the answer in part be because the National Party are increasingly about consultant capture and less about common sense and vision for the country? Asset sales have always been ropey, of course, in terms of noise in the bad old days of Roger Douglas. It was white hot as we debated the merits of New Zealand Rail. And banks and power companies. Given all the good stuff's now gone, I mean surely the heat's gone with it. I mean yes, power companies, I guess, could be a bit fraught, but we own a farm company. Why?
We own a television station that is a shadow of what it once was or should be under a true public model. So why? There are about a dozen businesses on that treasury list apparently they can't really make a great case for, and yet the national case for seven. Selling or not selling, which was on till it was off, has not been explained. Why?
News of the world in 90 seconds.
United Nations might just be getting its moment this week as world leaders converge on New York, including the Iranians.
A lot of discussion of the freedom of the seas, uh the UN law of the sea, freedom of navigation, whether it's Straits of Ormuz, the Babal Mandeb, Suez Canal, Panama Canal, Malacca Straits. We must have free and open commerce.
Back in Washington, Trump's still fighting domestically with the media.
Is corrupt, purposeful, pervasive, fully coordinated, and totally out of control. He goes on to say it is a threat to our national security and must be stopped now. The media are off to court. The public has a vital interest in receiving accurate, independent information about its government. No administration should restrict a news organization because. because it objects to its reporting.
Couple of things in Britain. Firstly, the NHS data breach that was associated with the Southport killings, no one's been held accountable as yet.
You know, real regulations, real policies, real legislations, potentially a law that says, you know what, if you're gonna open someone's files and you're gonna repeatedly do it, I'm sorry, you cannot work in this role anymore.
They're also looking for accountability again as yet more airports face yet more technical issues today.
MATs are obviously responsible for ensuring that system is robust, resilient and capable of doing it.
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Chapters
8 chapters
1
How much money was spent on the scrapped Fees Free scheme and what are the implications?
0:00–12:58
2
What are the latest developments in global security and hybrid warfare?
12:58–22:31
3
How are rising milk prices affecting New Zealand’s dairy sector?
22:31–34:40
4
What is the current performance of the major global stock markets?
34:40–45:36
5
How will the reversal of landlord tax‑deductibility impact renters and investors?
45:36–57:30
6
What is the property‑investors federation’s view on the new tax policy?
57:30–1:08:41
7
What are the forecasts for New Zealand cash rates and mortgage rates?
1:08:41–1:19:03
8
What are the new Range Rover exclusive editions inspired by London neighbourhoods?
1:19:03–1:29:25
Speakers
9 identifiedMore from The Mike Hosking Breakfast
Tony Alexander: Independent Economics Commentator on ANZ revising its OCR forecast, potential for interest rates to reach 4%
Matt Ball: NZ Property Investors Federation Advocacy Manager on Labour deciding to keep landlord interest deductibility
Todd Lauchlan: JLL New Zealand Managing Director on New Zealand ranking among the world's most transparent property markets
Penny Simmonds: Tertiary Education Minister criticises Fees Free scheme as new briefing reveals it cost over $2 billion
Richie Barnett: Former Kiwis captain talks the Warriors semi-final loss to the Knights
Commentary Box: Andrew Saville and Jason Pine discuss the Warriors finals exit, NZ Rugby's financial woes